ICONOMI - Live for today. Invest for tomorrow.

[bitcoinsforall]

Right now at about $0.57, but when you compare this value to the growth of BTC and check the actual price of one ICN in BTC and not in $, you see that it has not risen a lot yet. I will still hold it, i expect it to rise some day. What day do you guys think that will be? When the ICNX goes public?

The price is holding strong at the moment with 30-35k range with some of the top 50 alts going down and btc does not look to stop at any point.To be practical I would say 1$ per ICN when ICNX goes public.

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[open82buy]

I would split it into 0 for Tezos and 8 for basicattentiontoken.

Tezos doesn't have a cap. That's scary. Basicattentiontoken capped at $15MM. Bit high. But awesome team with great idea. I am already using brave browser. It's awesome.

Totally agree, excellent team and have the app on my iPad and have also used the brave browser as well, yes it's fast, I need more time on it as I could not work out how to setup files in the book- marks, will need to play around more with it and test their searches, and even see if they have extensions!!

The Multi million advertising question is: Will people be willing to change their browser?

Edit: Tezos could be a chance to swim with whales, or get taken out by killer-whales and spat out.

[sud]

I would split it into 0 for Tezos and 8 for basicattentiontoken.

Tezos doesn't have a cap. That's scary. Basicattentiontoken capped at $15MM. Bit high. But awesome team with great idea. I am already using brave browser. It's awesome.

Totally agree, excellent team and have the app on my iPad and have also used the brave browser as well, yes it's fast, I need more time on it as I could not work out how to setup files in the book- marks, will need to play around more with it and test their searches, and even see if they have extensions!!

The Multi million advertising question is: Will people be willing to change their browser?

Only if you can earn bitcoins using it.

[open82buy]

I would split it into 0 for Tezos and 8 for basicattentiontoken.

Tezos doesn't have a cap. That's scary. Basicattentiontoken capped at $15MM. Bit high. But awesome team with great idea. I am already using brave browser. It's awesome.

Totally agree, excellent team and have the app on my iPad and have also used the brave browser as well, yes it's fast, I need more time on it as I could not work out how to setup files in the book- marks, will need to play around more with it and test their searches, and even see if they have extensions!!

The Multi million advertising question is: Will people be willing to change their browser?

Only if you can earn bitcoins using it.

Yes you will, numbers thrown about at the moment is a coffee to $10 a month

 https://m.youtube.com/watch?v=lbzLJi3nOr8

[sud]

I would split it into 0 for Tezos and 8 for basicattentiontoken.

Tezos doesn't have a cap. That's scary. Basicattentiontoken capped at $15MM. Bit high. But awesome team with great idea. I am already using brave browser. It's awesome.

Totally agree, excellent team and have the app on my iPad and have also used the brave browser as well, yes it's fast, I need more time on it as I could not work out how to setup files in the book- marks, will need to play around more with it and test their searches, and even see if they have extensions!!

The Multi million advertising question is: Will people be willing to change their browser?

Only if you can earn bitcoins using it.

Yes you will, numbers thrown about at the moment is a coffee to $10 a month

 https://m.youtube.com/watch?v=lbzLJi3nOr8

Great, is the browser fast? I only used it for a while on my old smartphone so it wasn't spectacular.

[open82buy]

I would split it into 0 for Tezos and 8 for basicattentiontoken.

Tezos doesn't have a cap. That's scary. Basicattentiontoken capped at $15MM. Bit high. But awesome team with great idea. I am already using brave browser. It's awesome.

Totally agree, excellent team and have the app on my iPad and have also used the brave browser as well, yes it's fast, I need more time on it as I could not work out how to setup files in the book- marks, will need to play around more with it and test their searches, and even see if they have extensions!!

The Multi million advertising question is: Will people be willing to change their browser?

Only if you can earn bitcoins using it.

Yes you will, numbers thrown about at the moment is a coffee to $10 a month

 https://m.youtube.com/watch?v=lbzLJi3nOr8

Great, is the browser fast? I only used it for a while on my old smartphone so it wasn't spectacular.

Yes it is, I need to spend more time with it, FUTURECRYPTO might know more about this?

[bittraffic]

Will the supply in coinmarketcap be updated?
It still displays 87,000,000 ICN. If the team bought back and burned what they bought does it mean that the supply should appear to have less than what it is now in coinmarketcap?

[spendawgs]

Will the supply in coinmarketcap be updated?
It still displays 87,000,000 ICN. If the team bought back and burned what they bought does it mean that the supply should appear to have less than what it is now in coinmarketcap?

No that wont show on coinmarketcap unfortunately. That site is not connected to the smart contract

[bittraffic]

Will the supply in coinmarketcap be updated?
It still displays 87,000,000 ICN. If the team bought back and burned what they bought does it mean that the supply should appear to have less than what it is now in coinmarketcap?

No that wont show on coinmarketcap unfortunately. That site is not connected to the smart contract

But where do we see the current supply of ICN, I look into the explorer but found no information regarding it.
It still says Total Supply:   100,000,000 ICONOMI ($56,208,100.00), has the team already announced how much had been burned so far and is the information like the price when and where they bought these ICN?

[loremipsum]

Will the supply in coinmarketcap be updated?
It still displays 87,000,000 ICN. If the team bought back and burned what they bought does it mean that the supply should appear to have less than what it is now in coinmarketcap?

No that wont show on coinmarketcap unfortunately. That site is not connected to the smart contract

They should update it from time to time, but first we have to know the current supply. We still don't know officially how many tokens have been burnt.

[AdobeWriter]

Will the supply in coinmarketcap be updated?
It still displays 87,000,000 ICN. If the team bought back and burned what they bought does it mean that the supply should appear to have less than what it is now in coinmarketcap?

Considering the only burn so far has been 1000 ETH worth(while ETH price was less than 20$ at the time) it wouldn't matter much if they updated it anyway. However in the future it would be of significant use indeed if we can know the current available supply of ICN. Still this might require a degree of colaboration between CMC and ICONOMI that I'm not sure is possible at least at this time.

[Daparski]

Will the supply in coinmarketcap be updated?
It still displays 87,000,000 ICN. If the team bought back and burned what they bought does it mean that the supply should appear to have less than what it is now in coinmarketcap?

Considering the only burn so far has been 1000 ETH worth(while ETH price was less than 20$ at the time) it wouldn't matter much if they updated it anyway. However in the future it would be of significant use indeed if we can know the current available supply of ICN. Still this might require a degree of colaboration between CMC and ICONOMI that I'm not sure is possible at least at this time.

They didn't update it yet because the team doesn't care about their share for now, even though they could have the first distribution already.
The total supply will not change before they allocate 1/18 of their share.

[Mendeleev]

Will the supply in coinmarketcap be updated?
It still displays 87,000,000 ICN. If the team bought back and burned what they bought does it mean that the supply should appear to have less than what it is now in coinmarketcap?

Considering the only burn so far has been 1000 ETH worth(while ETH price was less than 20$ at the time) it wouldn't matter much if they updated it anyway. However in the future it would be of significant use indeed if we can know the current available supply of ICN. Still this might require a degree of colaboration between CMC and ICONOMI that I'm not sure is possible at least at this time.

They started burning on April 1st. ETH was way above $20 by then.

I'm sure CMC will be updated to reflect the reduced supply, just as it is updated to reflect the increasing supply of other coins.

[btvGainer]

One good sign is that price never go below 30k Satoshi.As soon as price reach their, it begins to go up.It indicates ICN price is being manipulated by a whale or a group of whales.

For now there is a big buy wall at 32.9 k (~ 140k ICN). So if that wall is not fake price should not go bellow for some time.

Good to see this, but really hard to believe that in such a speculative market right now, this is a real buy wall and not just another attempt at market manipulation.

How can fake wall be created? if you dont have funds,you can't create a buy order.
If price reach that level, the order will be executed.

A fake wall can be easily created by someone who has enough funds. Once the price falls and the wall is touched, it will dissapear ie. the buy orders will be deleted - that's why it is called fake

Oh so it turned out to be a fake wall as price fell below it but may it wasn't fake but after bitcoin rise buyer decided to cancel it.

[Piston Honda]

Are you sure we aren't in a titties pattern?

Titties pattern for reference:

Looks like my technical analysis from 7 April was pretty good.  I still have the same line saved on my TradingView:

Cant beat a nice big titty chart!

You dirty little boy!! Looks like you might need a bit of this  http://www.spankwire.com/   OOPS 

Right back to work, looking at BOS at the moment.

COME ON TITTIES CHART YES

[jammyjimbo]

Hi All,

Thanks for all your posts, been useful to read some of them and enjoyed the tittie pattern.

I invested into ICN today. Like the idea, they likely have some marketing budget ready to deploy once funds go live, polo could pick it up after people tire of this rally and they want to attract some volume and failing all that ICN might actually make a success of it and not have to rely on hype profit! Quite honestly there are not many fairly priced coins out there in my eyes and this one seemed to stand out. Like the lack or correlation with the "alt rally".

What worries is me is the market cap. I guess one can kind of use this to work out the PE ratio? What can they make a year in fees? If they could make 10m a year this would be pretty fairly priced (4.5). Any thoughts on this? Is my thinking off?

Edit last comment: Be interesting to see if it holds its USD value if/when BTC corrects.

[Nachbar90]

Hi All,

Thanks for all your posts, been useful to read some of them and enjoyed the tittie pattern.

I invested into ICN today. Like the idea, they likely have some marketing budget ready to deploy once funds go live, polo could pick it up after people tire of this rally and they want to attract some volume and failing all that ICN might actually make a success of it and not have to rely on hype profit! Quite honestly there are not many fairly priced coins out there in my eyes and this one seemed to stand out. Like the lack or correlation with the "alt rally".

What worries is me is the market cap. I guess one can kind of use this to work out the PE ratio? What can they make a year in fees? If they could make 10m a year this would be pretty fairly priced (4.5). Any thoughts on this? Is my thinking off?

Edit last comment: Be interesting to see if it holds its USD value if/when BTC corrects.

Once live they will make more then 10m profit per year. It´s possible with ICNP alone to do more, depending on how many good ICO´s pop up

[sico2819]

Seen in polo trollbox...

Just for fun guys, don't take it seriously  

https://image.ibb.co/iKOLLk/wut.png

Edit : sorry, I can't post full size image there, maybe someone can repost it better ?

[biggzi]

Seen in polo trollbox...

Just for fun guys, don't take it seriously  



Edit : sorry, I can't post full size image there, maybe someone can repost it better ?

Almost true.. they just need to replace the word Iconomi with the word Waves 

[FUTURECRYPTO]

While waiting for our invite (At this rate months grrrrrrrrrrrr) here are 2 distractions to get your teeth into, hopefully our team will check them out:

   https://www.tezos.com/

   https://basicattentiontoken.org/


 Talking of "Wisdom of the Crowd" if you had 10 BTC to invest in the above 2 what % would you invest in both?
I have my answere, just curious as to what you guys (Crowd) think.  

I would split it into 0 for Tezos and 8 for basicattentiontoken.

Tezos doesn't have a cap. That's scary. Basicattentiontoken capped at $15MM. Bit high. But awesome team with great idea. I am already using brave browser. It's awesome.

If I were you, I would put that 2 from Tezos into boscoin. That would earn you two nodes (fixed income generation). Only drawback is you would have to wait till Oct.

Presale was from Nov-Jan when BTC was around $1000 or less.  A couple hundred people purchased 134m BOS @ 0.00002101 BTC/BOS.  

For ico #2 they are selling 276m BOS @ 0.00002500 BTC/BOS

80m retained by dev team and 10m for bounties, for a total of 500m BOS in the initial issuance

In my opinion, there is too much risk of presale people dumping when they finally get liquidity in October.  Especially considering they may want to take profit on the $ appreciation of BTC.  I'm betting that holding ICN or ETH until October will give a better ROI than an investment into BOS ico #2

Or it could go other way. What if Eth comes back $50 to $60 till then. Market is bullish overall for crypto now. We never know when everything would reverse. This project has lot of similarities with tezos. I would rather buy this than tezos. Decred is sort of similar project @ $80 MM now.

I think they sold 1 btc = 47000 boscoins in presale @ 2128 sats

It's like saying market is bullish overall for search engines or smartphones now.  We never know when everything would reverse.  It's adoption of new technology spreading like a virus.  Individual projects may fall relative to others while crypto in general keeps growing.

Market has become much more mainstream than the times of the Mtgox bear market or TheDAO bear market.  Amazing how much the crypto userbase has grown in the past year.

After new EEA members are announced and it hits mainstream news, ETH for cheaper than $100 will be about the same likelihood as buying BTC for under $560.  It's possible, but unlikely in my opinion.  Similarly, ICN will go from cents to dollars when ICNX token and DAMP are launched.

There were 2 price levels in the BOS presale, so average was 2815 BTC / 134m BOS = 0.00002101 BTC/BOS

That's a good point that the starting market cap is only 11848 BTC for a concept similar to Tezos.  From that perspective, it seems safer than uncapped Tezos which will be the most overbought ico since TheDAO & TheGNO, or perhaps of all-time.

I like your analysis. For investors, this is another low key (less hyped) project focused on solving a real problem.
https://theqrl.org/presale/presale.html

Raised ~ $1M so far in presale. Target is $4 to $5 MM. Genesis block is pinned for Aug-17. So the coins tradable after Aug-17.