ICONOMI - Live for today. Invest for tomorrow.

[Sharma]

I need not to mention that I am an ICN fan but comparing it with ETH is too much.Eth has a different platform.It has real world use.

[1715445974]

1715445974

[1715445974]

1715445974

[1715445974]

1715445974

[1715445974]

1715445974

[kalpit]

Who could have thought few days back that icn will cross $2 mark?Now next stop is $5,any fool wanna sell to me?

I was sure it will cross $2 . But I didn't know it will be so soon.

It is due to the overall pump of crypto currency in past months. 100 th position on CMC has around 16 million market capitalisation. And if you remember, Iconomi started with around 15 million market capitalisation only.

[Vidale]

Quote me in two to three months. ICN platform failure will signal the start of the entire ICO bubble crash.

[jack1111]

Quote me in two to three months. ICN platform failure will signal the start of the entire ICO bubble crash.

I know this is your wish, so I can not take it seriously, you still can buy, before it hits 5$ within two to three months.
Even if there is a crypto bubble, that does not mean all crypto coins will crash later.

[ruletheworld]

I need not to mention that I am an ICN fan but comparing it with ETH is too much.Eth has a different platform.It has real world use.

They are very different crypto-assets with very different properties and economics. It's foolish to try to compare them head-on from a return perspective. ICN is, by nature, a crypto with economics tied to investment decisions made by a team, and they have proven to have done a fairly good job so far with their investments. ICN should grow as the space grows and evolves.

[mightymarcellus]

did they publish the burn address? if not, why?

[Hypolite]

Take the trouble to look for the answer to your question.
The answer is given to multiple occasions in this thread.

[colombuszka]

Quote me in two to three months. ICN platform failure will signal the start of the entire ICO bubble crash.

What kind of failure, ICN worth a lot more than the ICO price mate.

[Vidale]

Quote me in two to three months. ICN platform failure will signal the start of the entire ICO bubble crash.

What kind of failure, ICN worth a lot more than the ICO price mate.

With each passing day, the technical debt of many projects is increasing. Very few, if any, have a working product or service. But that's not even the worst part. When/if they DO come out with a 'working' product or service, you will witness the greatest problem to be slammed down on all of crypto: no one gives a fuck about usecases or the functionality of projects like WAVES/LISK/ICONOMI/DASH/GOLEM/AUGUR/WHATEVER, people only want fuckyoumoney returns on their 'investment'. This realisation, that the market consists predominantly of investors and not people actually wanting to use the blockchain tech, will send everything tumbling down save for the FEW and RARE serious projects.

Your signature is a prime example of the issue, one I predicted in early 2016 and this year being the culmination before the inevitable crash. Slap together a 'whitepaper', throw around terms like 'disrupt', 'immutability' and 'powered by blockchain technology', add some 'advisors' (like Max fucking Kordek or some obscure Russians) and voila, rake in the cash of noob investors, never release a viable product or attract a serious target audience and run away when the bubble bursts.

[malami]

Quote me in two to three months. ICN platform failure will signal the start of the entire ICO bubble crash.

What kind of failure, ICN worth a lot more than the ICO price mate.

With each passing day, the technical debt of many projects is increasing. Very few, if any, have a working product or service. But that's not even the worst part. When/if they DO come out with a 'working' product or service, you will witness the greatest problem to be slammed down on all of crypto: no one gives a fuck about usecases or the functionality of projects like WAVES/LISK/ICONOMI/DASH/GOLEM/AUGUR/WHATEVER, people only want fuckyoumoney returns on their 'investment'. This realisation, that the market consists predominantly of investors and not people actually wanting to use the blockchain tech, will send everything tumbling down save for the FEW and RARE serious projects.

When the crypto bubble bursts this is exactly what will happen and in my opinion the projects that do survive and that will still thrive after are the ones that actually connect the blockchain to real world services that people not already familiar with crypto will want to use.

[Daparski]

Quote me in two to three months. ICN platform failure will signal the start of the entire ICO bubble crash.

What kind of failure, ICN worth a lot more than the ICO price mate.

With each passing day, the technical debt of many projects is increasing. Very few, if any, have a working product or service. But that's not even the worst part. When/if they DO come out with a 'working' product or service, you will witness the greatest problem to be slammed down on all of crypto: no one gives a fuck about usecases or the functionality of projects like WAVES/LISK/ICONOMI/DASH/GOLEM/AUGUR/WHATEVER, people only want fuckyoumoney returns on their 'investment'. This realisation, that the market consists predominantly of investors and not people actually wanting to use the blockchain tech, will send everything tumbling down save for the FEW and RARE serious projects.

Your signature is a prime example of the issue, one I predicted in early 2016 and this year being the culmination before the inevitable crash. Slap together a 'whitepaper', throw around terms like 'disrupt', 'immutability' and 'powered by blockchain technology', add some 'advisors' (like Max fucking Kordek or some obscure Russians) and voila, rake in the cash of noob investors, never release a viable product or attract a serious target audience and run away when the bubble bursts.

Where most of the current ICOs are using a lot of buzzwords and probably won't deliver anything useful besides a tough lesson to their investors, you are missing both the big picture and got it all wrong about Iconimi.

With each passing day, the technical debt of many projects is increasing.

Have you even bothered to check the book value of Iconomi? They have tens of millions worth of usd for operational costs, which should be enough for more than 5 years. That is mainly thanks to them not dumping their btc, eth, and lisk for $ fter the ICO like noobs, aka melonport, bcap, and taas.
They cashed out a small portion of BTC that is enough for 2 years operational costs.

no one gives a fuck about usecases or the functionality of projects like WAVES/LISK/ICONOMI/DASH/GOLEM/AUGUR/WHATEVER

LOL, that's even more absurd.
ETFs, mutual funds, index funds, hedge funds - not a real use case here. Definitely not a lot of money in it as well, right?

About the rest - Who are you to say what waves, golem or any other crypto startup will or will not deliver and how it will be used by people?
If you don't believe in crypto what are you doing here? Go back to your moldy, corrupted and broken fiat system and kindly wait for your transaction to be cleared in 5 business days

[ajhodge7]

150k buy order sitting on kraken for several hours now at 0.0053 ETH.  Interesting amount since it is around what the burn rate per day should be...

Thoughts?

[ruletheworld]

did they publish the burn address? if not, why?

I think it's scheduled to be announced in the Q2 report, so expect something near the end of this month to beginning of next month.

[zahra4577]

In my opinion, we are at the very beginning at the very beginning of the beginning.
It can very quickly rise in the months to come.

Personally I keep buying as much as I can.
I can see the ICN at $ 15/20 by the end of the year.
But this is only for me.

If strong hands like you keep buying and holding, it will eventually push the price further up and your target $15/20 can be achieved.
The problem is that ICN with 80 million circulation is spread widely among people and many of them are week hands who sell at smallest pump.

No worry will happen as with ETH, with time everything will smooth, and strong hands will recover more beautiful than weak hands who will have lost money.

EDIT : Everything is a matter of time and balance

yep, I agree. It took 2+ years for ethereum to take off. Building strong foundations take time. I think the more people sell now, the better it is for the long term. Tokens need to exchange hands and if someone that bought at $0.25 sells at $2.00 for profit - there is nothing wrong with that.
Choosing 2-3 solid projects and hold is a better approach than flipping, at least to me.

There's an added benefit as well - if the price remains low, it gives the team the opportunity to buy back and burn more tokens than if the price were higher. With the low price then, longer term holders benefit more.

Yes theoretically it should be like that but practically each buy back will push up the price.If we have more buy orders,price will go up

[Mendeleev]

With each passing day, the technical debt of many projects is increasing. Very few, if any, have a working product or service. But that's not even the worst part. When/if they DO come out with a 'working' product or service, you will witness the greatest problem to be slammed down on all of crypto: no one gives a fuck about usecases or the functionality of projects like WAVES/LISK/ICONOMI/DASH/GOLEM/AUGUR/WHATEVER, people only want fuckyoumoney returns on their 'investment'. This realisation, that the market consists predominantly of investors and not people actually wanting to use the blockchain tech, will send everything tumbling down save for the FEW and RARE serious projects.

Out of interest, which projects do you think are the serious/useful ones?

I see you're into Factom.

I think your perspective is interesting, so if you were to convince an Iconomi holder to sell, what would you recommend they hold instead?

[someonesomeone]

Not yet, but we are getting there.

With each passing day, the technical debt of many projects is increasing. Very few, if any, have a working product or service. But that's not even the worst part. When/if they DO come out with a 'working' product or service, you will witness the greatest problem to be slammed down on all of crypto: no one gives a fuck about usecases or the functionality of projects like WAVES/LISK/ICONOMI/DASH/GOLEM/AUGUR/WHATEVER, people only want fuckyoumoney returns on their 'investment'. This realisation, that the market consists predominantly of investors and not people actually wanting to use the blockchain tech, will send everything tumbling down save for the FEW and RARE serious projects.

[Kashim]

[ajhodge7]

150k buy order sitting on kraken for several hours now at 0.0053 ETH.  Interesting amount since it is around what the burn rate per day should be...

Thoughts?

yup, quoting myself here haha

Did anybody see this order go through or was it pulled during the recent ETH pump?

[nor9854]

When  btc is up,Icn is up and when eth is up icn is down.Why is it so?

[2012]

When  btc is up,Icn is up and when eth is up icn is down.Why is it so?

ETH is going higher so fast this more crazy that is why all Ethereum based tokens are into down trend but after few hours it will get recover and things will set to normal. There is nothing wrong to be worry about it this is just normal behavior of the market.