ICONOMI - Live for today. Invest for tomorrow.

[AdobeWriter]

Is it fine to keep all ICN on myetherwallet for a long period of time?
I want to hold it for long but apprehensive about keeping it online.

Not sure if I understand your question correctly, but it's fine to hold your tokens on myetherwallet because that's not actually an online wallet. Your tokens are not on myetherwallet.com, the site is just a gateway through which you create an ETH wallet for yourself. That's why you need to download and keep your private keys and wallet files.

[1715010870]

1715010870

[1715010870]

1715010870

[Jaroslav2007x]

https://www.reddit.com/r/ICONOMI/comments/6h2hda/what_will_iconomi_do_on_august_1st/

BOOM BABY!!!!!!

There goes the ICN rocket!!!!!

Oh no! I did not have time to re-buy, selling for 65k

[Mendeleev]

Is it fine to keep all ICN on myetherwallet for a long period of time?
I want to hold it for long but apprehensive about keeping it online.

To add to what AdobeWriter said:

It's always online. That's where it lives. Offline storage refers to your private key never going online.

MEW is safe as long as you have no malware that could lead to somebody possessing your wallet file & password, or your private key.

For extra security you can generate a wallet on a fresh system that isn't online. Instructions are on the MEW help/FAQ. A linux boot usb is good for this.

If you have a fair bit of money in crypto, get yourself a Ledger Nano S for extra peace of mind.
 

[nor9854]

I was dubious about icn when it was 40000 sat and didn't buy because on this topic people spreading bad news about them

[jack1111]

I was dubious about icn when it was 40000 sat and didn't buy because on this topic people spreading bad news about them

You should not be affected by the fake news in case you are real ICONOMI supporter, however you still can buy, I think the price will reach $5 in the next months, the platform launch date is confirmed now, so investors have clearer vision of what will happen.

[Iconomi.Seller1]

I am selling Iconomi account for  40 ICN

and please Daparski this time dont try to sell your account

[Wapinter]

I am selling Iconomi account for  40 ICN

and please Daparski this time dont try to sell your account

Didn't anyone tell you kids are not allowed here?.
Who the hell you think will buy your account even for 1 ICN?
Grow up buddy and sell your icn to me instead and keep your account as a gift from me

[Daparski]

I am selling Iconomi account for  40 ICN

and please Daparski this time dont try to sell your account

I am selling Iconomi account for  39 ICN

[Daparski]

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?

So the focus is on identifying projects that offer a real solution to existing problems.

1. Anything that taps into existing multi-billion/trillion markets, like Factom. Gotta make sure to do your due diligence. Serious team? Serious technology behind it? Any progress? Factom targets various industries, including the mortgage industry (2 trillion market cap in US alone), already in contract negotiations with major institutions. Backed by Tim Draper, etc.

Be very careful about projects that try to create new demand. Take the more recent Primalbase for example. Very shocking idea.

2. Privacy. Crypto is creating new millionaires each day. They're gonna want to hide their shit somewhere. Bitcoin is not anonymous, look at all the rising chain-analysis stuff. Monero is good, but a very long-term hodl. Dash & Cloak are shit.

These two points are key. Anything else is pure hype and speculation. Ethereum has turned into nothing more than a token creation platform for ICO scams. That's not to say you shouldn't make use of it. Dump some fresh FIAT into ICO scams each month (no more than a couple hundred bucks each) and you'll do well enough until everything goes to shit. Pick the ones that have super cool ''advisors'' and guys with beards on their team.

And why you don't see Iconomi fits into the same definition as factom?
Fund managing is quite big

Iconomi is not as potentially decoupled from crypto as Factom. Factom value is based on protocol use by actual clients (sky is the limit if they capture even a small share in say the mortgage market), Iconomi derives its value from how well crypto is doing and with the growing risk of a bubble collapse, that's not something you want all your money in.

Factom is a blockchain-based solution. If btc or ether go south, it will affect the entire crypto sphere, factom included.
No way bitcoin and/or ethereum will report some major problem and people outside of crypto will keep using factom for their non-crypto use case. The crypto space is not that mature. It may happen in 5 or more years from now

[sud]

https://www.reddit.com/r/ICONOMI/comments/6h2hda/what_will_iconomi_do_on_august_1st/

Well that is great news! Too bad it's almost 2 months...

[ajhodge7]

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?

So the focus is on identifying projects that offer a real solution to existing problems.

1. Anything that taps into existing multi-billion/trillion markets, like Factom. Gotta make sure to do your due diligence. Serious team? Serious technology behind it? Any progress? Factom targets various industries, including the mortgage industry (2 trillion market cap in US alone), already in contract negotiations with major institutions. Backed by Tim Draper, etc.

Be very careful about projects that try to create new demand. Take the more recent Primalbase for example. Very shocking idea.

2. Privacy. Crypto is creating new millionaires each day. They're gonna want to hide their shit somewhere. Bitcoin is not anonymous, look at all the rising chain-analysis stuff. Monero is good, but a very long-term hodl. Dash & Cloak are shit.

These two points are key. Anything else is pure hype and speculation. Ethereum has turned into nothing more than a token creation platform for ICO scams. That's not to say you shouldn't make use of it. Dump some fresh FIAT into ICO scams each month (no more than a couple hundred bucks each) and you'll do well enough until everything goes to shit. Pick the ones that have super cool ''advisors'' and guys with beards on their team.

And why you don't see Iconomi fits into the same definition as factom?
Fund managing is quite big

Iconomi is not as potentially decoupled from crypto as Factom. Factom value is based on protocol use by actual clients (sky is the limit if they capture even a small share in say the mortgage market), Iconomi derives its value from how well crypto is doing and with the growing risk of a bubble collapse, that's not something you want all your money in.

Factom is a blockchain-based solution. If btc or ether go south, it will affect the entire crypto sphere, factom included.
No way bitcoin and/or ethereum will report some major problem and people outside of crypto will keep using factom for their non-crypto use case. The crypto space is not that mature. It may happen in 5 or more years from now

What about $QRL?  Anybody think that is gonna be a hedge for the August 1st issue - whatever this issue is that I'm apparently ignorant to (can somebody link something about this? Not the platform release that is)

[Mendeleev]

What about $QRL?  Anybody think that is gonna be a hedge for the August 1st issue - whatever this issue is that I'm apparently ignorant to (can somebody link something about this? Not the platform release that is)

Google 'bitcoin august 1st'...

Not trying to do a LMGTFY. It's just probably the best way. It's just more bitcoin scaling, "will it fork?" chatter, related to segwit and the UASF (user activated soft fork)

http://www.uasf.co

Depending on the outcome, we could see bitcoin surge, and alts crash, or vice versa... or maybe an exodus to Ethereum. Googling is best though, 'cos there's a lot of discussion out there.

[Daparski]

What about $QRL?  Anybody think that is gonna be a hedge for the August 1st issue - whatever this issue is that I'm apparently ignorant to (can somebody link something about this? Not the platform release that is)

Google 'bitcoin august 1st'...

Not trying to do a LMGTFY. It's just probably the best way. It's just more bitcoin scaling, "will it fork?" chatter, related to segwit and the UASF (user activated soft fork)

http://www.uasf.co

Depending on the outcome, we could see bitcoin surge, and alts crash, or vice versa... or maybe an exodus to Ethereum. Googling is best though, 'cos there's a lot of discussion out there.

Nothing much will happen on August the 1st, besides Iconomi goes live.
Personally I don't see BTC hard forks. And Roger can go to hell

[Hypolite]

What about $QRL?  Anybody think that is gonna be a hedge for the August 1st issue - whatever this issue is that I'm apparently ignorant to (can somebody link something about this? Not the platform release that is)

Google 'bitcoin august 1st'...

Not trying to do a LMGTFY. It's just probably the best way. It's just more bitcoin scaling, "will it fork?" chatter, related to segwit and the UASF (user activated soft fork)

http://www.uasf.co

Depending on the outcome, we could see bitcoin surge, and alts crash, or vice versa... or maybe an exodus to Ethereum. Googling is best though, 'cos there's a lot of discussion out there.

Nothing much will happen on August the 1st, besides Iconomi goes live.
Personally I don't see BTC hard forks. And Roger can go to hell

Wunderbar !!! Champagne for all !! Viva Iconomi !!
It's time to buy more cheap ICN

[RichardReMark]

Seriously what will happen on 1st of August?

I'm not talking about platform launch but generally any thoughts on BTC and altcoins?

Let it be.

[bearex]

As far as i know, right now beta is open to investors who bought 10 000 ICN +, right? Will it open for  people who invested, but less than that, any sooner, or as for everyone, at august 1st? Thanks

[estenity]

What was ico price?

The ICO price was 0.1257 USD per ICN.

Current coinmarketcap price is 0.3272 USD per ICN, so the token is currently at 2.6X ICO.

I am HODLING.

no news for a long time

have we lost Malreynolds ?

[nor9854]

I was dubious about icn when it was 40000 sat and didn't buy because on this topic people spreading bad news about them

You should not be affected by the fake news in case you are real ICONOMI supporter, however you still can buy, I think the price will reach $5 in the next months, the platform launch date is confirmed now, so investors have clearer vision of what will happen.

But I was new to this and got affected by their resons.I am waiting for some price lowering.Some members say if bitcoin fall,all cryptos fall

[sud]

I was dubious about icn when it was 40000 sat and didn't buy because on this topic people spreading bad news about them

You should not be affected by the fake news in case you are real ICONOMI supporter, however you still can buy, I think the price will reach $5 in the next months, the platform launch date is confirmed now, so investors have clearer vision of what will happen.

But I was new to this and got affected by their resons.I am waiting for some price lowering.Some members say if bitcoin fall,all cryptos fall

Best moment to buy was just yesterday when all alts and BTC took a hit. The price fell to 1,52$. If you are waiting for 1$ again you may never buy ICN.

[DomainMagnate]

I was dubious about icn when it was 40000 sat and didn't buy because on this topic people spreading bad news about them

You should not be affected by the fake news in case you are real ICONOMI supporter, however you still can buy, I think the price will reach $5 in the next months, the platform launch date is confirmed now, so investors have clearer vision of what will happen.

But I was new to this and got affected by their resons.I am waiting for some price lowering.Some members say if bitcoin fall,all cryptos fall

Best moment to buy was just yesterday when all alts and BTC took a hit. The price fell to 1,52$. If you are waiting for 1$ again you may never buy ICN.

Thats true.Icn is now back to close to $2.I think it is a good sign that ICN is not going down much now unlike past where it falls rapidly after some pump