ICONOMI - Live for today. Invest for tomorrow.

[MoveCrypto]

Arrrrrrghhhhh  . If I can't purchase ICNX soon I'm going to fucking explode.

Arrrrrrghhhhh, ahoy matey!  Iconomi pirate life is a pirate's life for me (yo ho!)

https://www.reddit.com/r/ICONOMI/comments/697cbr/iconomi_ama_may_2017/dh4lv1f/

ICONOMI Inc is incorporated in St Vincent and the Grenadines and serves as a service operator.

https://en.wikipedia.org/wiki/Saint_Vincent_and_the_Grenadines

Saint Vincent and the Grenadines is an island country in the Lesser Antilles island arc, in the southern portion of the Windward Islands, which lie at the southern end of the eastern border of the Caribbean Sea where the latter meets the Atlantic Ocean.

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[Piston Honda]

so much talk, let's see some fucking resuuuuullllltttssss, esp with that shit ton of ICO moola you guys got

is malreynolds is asking tough question then GOOD.  all the better.

[MoveCrypto]

So out of my many hodlings, I have ICN, BCAP and TaaS. I was going to flip BCAP as large US investors can't sell yet, but after finding out the following I will hodl long term.  

To save me time I will quote Hero Member Jcga, who wrote the following on BCAP thread,

Quote:  "Blockchain Capital also announced today the fund’s first investment will be into Parity Technologies Ltd (formerly known as Ethcore). Parity is the company that created the Parity Ethereum software. Dr. Gavin Wood, the creator of the Ethereum specification, has recently also proposed a revolutionary heterogenous multi­chain framework called Polkadot. Polkadot is a third­ generation public, permissionless blockchain technology designed to be at once scalable and extensible, solving two of the greatest problems preventing widespread adoption of blockchain technology today."  End Quote.

I hope the ICONOMI team will check this out and also invest, I will be watching for Polkadot like a hawk, and if there is a chance to invest, it could be the best of the year?

At the moment out of these 3, I still have ICN in first place, then BCAP ,followed by Tass. Will be interesting to see how they all play out, as over the years I have been wrong many times thou, so let's see.

Just off now to grease and oil my balls, while I wait for my "invite" to buy some ICNX.

After I read about BCAP dumping 100% of their crypto for USD when BTC was $1164 and ETH was $44, I'm glad I didn't invest.

In terms of AUM, ICNP has already grown bigger than BCAP simply by holding their BTC and ETH.

[AdobeWriter]

AMA comment count rising. Jani still answering? It's a bit hard to keep track.

EDIT: Thanks Mendeleev!

[Mendeleev]

AMA comment count rising. Jani still answering? It's a bit hard to keep track.

Use https://www.reddit.com/user/jani8x/comments

He hasn't replied to the AMA for 15 hours.

[thew3apon]

Of gratitude that will increase the price too, but we need to wait patiently .

[Mendeleev]

After I read about BCAP dumping 100% of their crypto for USD when ETH was only $44, I'm glad I didn't invest.

In terms of AUM, ICNP has already grown bigger than BCAP simply because they didn't dump their BTC and ETH.

You need a new talking point, Move.

BCAP would have held it if they had a crystal ball. This is just as bad as when people say "Iconomi should have invested in X because it's increased 20x"

You vex me, sir!

But I still love you.

[MoveCrypto]

After I read about BCAP dumping 100% of their crypto for USD when ETH was only $44, I'm glad I didn't invest.

In terms of AUM, ICNP has already grown bigger than BCAP simply because they didn't dump their BTC and ETH.

You need a new talking point, Move.

BCAP would have held it if they had a crystal ball. This is just as bad as when people say "Iconomi should have invested in X because it's increased 20x"

You vex me, sir!

But I still love you.

It was obvious to a lot of crypto traders that ETH would be doing a bull run going into May for a number of reasons (addition to Alphabay, huge mainstream companies joining EEA at end of May, ice-age kicking in, Raiden MVP 85% complete)

No crystal ball required to have known weeks ago (as soon as information about new EEA members and Alphabay was released in March) that ETH would be going above $75 at end of April, like I kept repeating to anyone who would listen in the slack.

I go back to this same talking point because it's a tremendous mistake that someone would dump 100% of their ETH at $44, while a lot of us were buying and holding on for dear life.

[Mendeleev]

It was obvious to a lot of crypto traders that ETH would be doing a bull run going into May for a number of reasons (addition to Alphabay, huge mainstream companies joining EEA at end of May, ice-age kicking in, Raiden MVP 85% complete)

No crystal ball required to have known 5 weeks ago (as soon as information about new EEA members and Alphabay was released at end of March) that ETH would be going above $75 at end of April, like I kept repeating to anyone who would listen in the slack.

I go back to this same talking point because it's a tremendous mistake that someone would dump 100% of their ETH at $44, while a lot of us were buying and holding on for dear life.

Indeed. I was buying under $50 too. But there's still risks involved. A lot of people worry about big sell offs too.

It's good to imagine other outcomes though. If there'd been some major bad news for ETH, then they'd have made the right choice.

I'm not defending them though. I haven't even looked into them.

Perhaps they are kicking themselves. But we all do that from time to time  

Buy Litecoin.

[Hunterwolfie]

you idiots should be buying Wild Pussy Cat Coin and Veltor.

http://coinmarketcap.com/currencies/wild-beast-block/

http://coinmarketcap.com/currencies/veltor/

you can thank me later.

 

[jacaf01]

After I read about BCAP dumping 100% of their crypto for USD when ETH was only $44, I'm glad I didn't invest.

In terms of AUM, ICNP has already grown bigger than BCAP simply because they didn't dump their BTC and ETH.

You need a new talking point, Move.

BCAP would have held it if they had a crystal ball. This is just as bad as when people say "Iconomi should have invested in X because it's increased 20x"

You vex me, sir!

But I still love you.

It was obvious to a lot of crypto traders that ETH would be doing a bull run going into May for a number of reasons (addition to Alphabay, huge mainstream companies joining EEA at end of May, ice-age kicking in, Raiden MVP 85% complete)

No crystal ball required to have known weeks ago (as soon as information about new EEA members and Alphabay was released in March) that ETH would be going above $75 at end of April, like I kept repeating to anyone who would listen in the slack.

I go back to this same talking point because it's a tremendous mistake that someone would dump 100% of their ETH at $44, while a lot of us were buying and holding on for dear life.

Yes you are right, but one thing you need to understand is that calls like yours will always come true in a bull market, when the bear market run start, it will be interesting to see where you stand

[Piston Honda]

you idiots should be buying Wild Pussy Cat Coin and Veltor.

http://coinmarketcap.com/currencies/wild-beast-block/

http://coinmarketcap.com/currencies/veltor/

you can thank me later.

 

+1 for WBB   - it will super moon soon.

nooo idea what veltor is though.

[Daparski]

It was obvious to a lot of crypto traders that ETH would be doing a bull run going into May for a number of reasons (addition to Alphabay, huge mainstream companies joining EEA at end of May, ice-age kicking in, Raiden MVP 85% complete)

No crystal ball required to have known 5 weeks ago (as soon as information about new EEA members and Alphabay was released at end of March) that ETH would be going above $75 at end of April, like I kept repeating to anyone who would listen in the slack.

I go back to this same talking point because it's a tremendous mistake that someone would dump 100% of their ETH at $44, while a lot of us were buying and holding on for dear life.

Indeed. I was buying under $50 too. But there's still risks involved. A lot of people worry about big sell offs too.

It's good to imagine other outcomes though. If there'd been some major bad news for ETH, then they'd have made the right choice.

I'm not defending them though. I haven't even looked into them.

Perhaps they are kicking themselves. But we all do that from time to time  

Buy Litecoin.

There is one fundamental problem with that: BCAP and melonport are aiming to build/invest in the crypto sphere. How can you pretend to build a crypto platform based on ethereum or to be a fund manager for crypto projects and convert all of your ICO money to toilet paper?
You're basically saying that holding ethereum or bitcoin for few years is too risky. They could simply convert enough of the ICO money to cover for 2 years of expenses.
Just like Iconomi did

[iread2little]

Iconomi might come back it's just really hard to tell and the benefits that their first mover advantage gave them seem to be fewer and fewer as the days go on.  It kinda sucks they originally collected $10,000,000 USD and the funds value has grown $50,000,000+ just based on the rise of crypto in general and we as holders don't really benefit at all from it.  When on the other hand you have coins like Taas that have collected $8,000,000 and since the end of their ICO the value of their funding has grown 25% ($2,000,000) and they've already confirmed that profits generated from overall crypto growth count as profit (as it should) and will be paid back to investors as dividends, meaning the first dividend payments already going to be 50% of that $2,000,000 and it's only been 8 days since the end of the ICO.  Meanwhile Iconomi won't provide the burn address or even tell it's investors how much they've invested in their latest ICO's until the end of the quarter, how does that make any sense and how is that transparent?

[stormia]

worst performer ICN

ICN is still above its ICO value... I get the frustration that it isn't worth much more by now but let's be real here.

[welshminer]

Iconomi might come back it's just really hard to tell and the benefits that their first mover advantage gave them seem to be fewer and fewer as the days go on.  It kinda sucks they originally collected $10,000,000 USD and the funds value has grown $50,000,000+ just based on the rise of crypto in general and we as holders don't really benefit at all from it.  When on the other hand you have coins like Taas that have collected $8,000,000 and since the end of their ICO the value of their funding has grown 25% ($2,000,000) and they've already confirmed that profits generated from overall crypto growth count as profit (as it should) and will be paid back to investors as dividends, meaning the first dividend payments already going to be 50% of that $2,000,000 and it's only been 8 days since the end of the ICO.  Meanwhile Iconomi won't provide the burn address or even tell it's investors how much they've invested in their latest ICO's until the end of the quarter, how does that make any sense and how is that transparent?

Personally I'd prefer not to distribute gains from ICO assets growth. By distributing you limit the investment capabilities. More money to invest = more profit for investors.

BTW your numbers are skewed plus TaaS is building portfolio using 75% of ICO funds which leaves them with just $6M to invest if they distribute ICO funds value gains.

Also ICONOMI has several revenue streams ICNX, ICNP, public DAA and yet unadvertised ICNL. In addition to that ICN is going to be a utility token as well.

Do your math now

[d3nc3nd]

down ... down ... icn, Investors in anger  
Devs sleep peacefully at night ?

[stormia]

If Iconomi is having issues with liquidity of certain components of the index, what if for now they released an ICN lite version that only contains the most liquid assets? And new assets could be added in as their liquidity increases or tolerance for low liquidity improves.

[fennyllywof-7700]

Reality is ICONOMI are just plain arrogant and rude.

They made millions off the back of our money and they can't even be arsed to communicate with their investors properly.

They also went back on the promise of paying ETH dividends.

Don't get me started with that buyback crap being the same thing.

Cause if the market had perceived it to be the same crap, ICN would have mooned by now but instead it's a dump fest.

ICONOMI shill boys need to shut up and start demanding more transparency from their masters.

[MoveCrypto]

Iconomi might come back it's just really hard to tell and the benefits that their first mover advantage gave them seem to be fewer and fewer as the days go on.  It kinda sucks they originally collected $10,000,000 USD and the funds value has grown $50,000,000+ just based on the rise of crypto in general and we as holders don't really benefit at all from it.  When on the other hand you have coins like Taas that have collected $8,000,000 and since the end of their ICO the value of their funding has grown 25% ($2,000,000) and they've already confirmed that profits generated from overall crypto growth count as profit (as it should) and will be paid back to investors as dividends, meaning the first dividend payments already going to be 50% of that $2,000,000 and it's only been 8 days since the end of the ICO.  Meanwhile Iconomi won't provide the burn address or even tell it's investors how much they've invested in their latest ICO's until the end of the quarter, how does that make any sense and how is that transparent?

If that's true, then it sounds like a pointless system.

For example:

Let's say I collect 1000 BTC to start a crypto fund when BTC is worth $1000

I promise to pay 50% of "profit" as dividends (all calculated in USD and also counting un-invested assets)

I make no investments and BTC goes up to $2000

If I send 50% of that $1m "profit" out as dividends, then I would be refunding 250 BTC to the holders straight out of the ico money.  

What is the point of collecting crypto for an investment fund, then slowly refunding the exact same crypto if the $ value of it appreciates?

This would actually be fucked up if I took 25% of the "profit", or 125 BTC for myself directly out of the ico crypto as a fee.