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Author Topic: ICONOMI - Live for today. Invest for tomorrow.  (Read 555963 times)
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ahmedjadoon
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November 02, 2017, 04:17:58 PM
 #7801

What do you think?

Who's interest is to have such a low ICN's price?
Let imagine the following scenario:
At such a low price, ICNs buys only the founders. The founders one day buy back all issued ICN. Than is no needs the burning ICN. SO, the entire profit remain for the founders.... (DDDDDD)

According to the 3Q report, ICONOMI is one of the most profitable, the most active with the best ideas companie in the ICO world. It is only logical that the low ICN price is in the interest of the founders only.
So: For that low price, it is the fault of the market, which sees no further than up to the first corrner. The last 1000 ICN will be worth 100 million $.
They are not buying the ICN. They are burning them and it's public.
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KenCosgrove
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November 02, 2017, 06:00:36 PM
 #7802

Warning: ICONOMI is cracking down on users who ask questions
Hypolite
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November 03, 2017, 08:57:04 AM
 #7803

https://www.reddit.com/r/ICONOMI/comments/7abo7o/iconomi_ceo_tim_mitja_zagar_quoted_on_bitcoin/

 Grin Grin Grin
RevEx
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November 03, 2017, 09:59:36 AM
 #7804

Hello ICONOMI Community!

we are getting a lot of new users every day, and they would appreciate your honest opinions and experiences about ICONOMI at REVEX.CO/ICONOMI

Thank you Smiley

GRR
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November 03, 2017, 10:56:02 AM
 #7805

Lol, seriously, real talk time. Is it dead already or how much further can this drop? Whenever you think it could have finally bottomed out, this drops even further. Soon it is back to May levels before it rallied like crazy. Did they fuck over the community once too often by being arrogant or did they already cash out and did an exit on this thing? I didn't really follow anymore after July and I don't hold any Iconomi. But what possible reason could make this recover ever again?
someonesomeone
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November 03, 2017, 12:00:28 PM
 #7806

People are funny. The fundamentals here haven't changed at all and are still the same sound investment as it was before. I am very happy to be buying up more icn at these prices because when they just launch the full platform, fiat gateway and list one fund on a traditional exchange, this will become a unicorn sooner or later.

Also, this was just posted: https://twitter.com/iconominet/status/926403002747047936
Gutenhans
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November 03, 2017, 04:19:56 PM
 #7807

how much the price will go down? well we always have the guys who sell at a loss because they let them self drived by feelings of fear instead of ration. i really think this is the future. Managing your crypto investment from your mobile device and with the fiat gateway coming, you won't need to use fiat more than you need. Letting your money sit in a investment fund and take what you need when you need and all that from your mobile will be a thing. Plus you can make your own fund, now that's another treat. I have to admit that the iconomi team delivers more than expected, nice, simple, intuitive product for the user over and over, the only thing that bothers me... and i think i said it before it's the missing utility of the ICN. But seeing them so motivated with the work they've done i really think more and more that i will be pleasantly surprised with the decision made.
fajarkus12
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November 04, 2017, 12:51:15 PM
 #7808

how much the price will go down? well we always have the guys who sell at a loss because they let them self drived by feelings of fear instead of ration. i really think this is the future. Managing your crypto investment from your mobile device and with the fiat gateway coming, you won't need to use fiat more than you need. Letting your money sit in a investment fund and take what you need when you need and all that from your mobile will be a thing. Plus you can make your own fund, now that's another treat. I have to admit that the iconomi team delivers more than expected, nice, simple, intuitive product for the user over and over, the only thing that bothers me... and i think i said it before it's the missing utility of the ICN. But seeing them so motivated with the work they've done i really think more and more that i will be pleasantly surprised with the decision made.
Overall iconomi i think very good project and also has already running. But the main problem is bitcoin hard fork can make all altcoin including icn down deep.  So maybe be patient is key for now situation
DaExponentialGrowth
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November 05, 2017, 01:33:34 PM
 #7809

I haven't seen any Altcoin in this forum yet where so many high reputation / senior members are annoyed about the project.

Good time to buy?  Huh
Jiddu
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into the clusterfuck


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November 05, 2017, 02:48:17 PM
 #7810

I haven't seen any Altcoin in this forum yet where so many high reputation / senior members are annoyed about the project.

Good time to buy?  Huh

Likely, but you gotta have patience.
equator
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November 05, 2017, 02:58:22 PM
 #7811

I haven't seen any Altcoin in this forum yet where so many high reputation / senior members are annoyed about the project.

Good time to buy?  Huh

Likely, but you gotta have patience.

for the past so many months i am seeing this type of message of saying very good coin good to hold it, luckily i sold all my icn at 0.002btc and now i will buy back more as i have earned a lot and this will be my investment for 1 yr hoping that the price will boom till then.
DaExponentialGrowth
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November 05, 2017, 04:18:31 PM
 #7812

I haven't seen any Altcoin in this forum yet where so many high reputation / senior members are annoyed about the project.

Good time to buy?  Huh

Likely, but you gotta have patience.

for the past so many months i am seeing this type of message of saying very good [Suspicious link removed]d to hold it, luckily i sold all my icn at 0.002btc and now i will buy back more as i have earned a lot and this will be my investment for 1 yr hoping that the price will boom till then.

Are you the guy that complained that his account on the platform was locked because of money laundry policy issues?  Cheesy
https://bitcointalk.org/index.php?topic=2349628.0
ahmedjadoon
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November 06, 2017, 10:27:13 AM
 #7813

I'd probably buy more considering they just burned another 742,000 thousand ICN tokens. So with every year they'll burn 2.5 million ICN tokens approximately. So 10 years from now, they'll be down to 75 million ICN tokens if my math is right and it remains at its current burn rate (more or less). 20 years from now, they'll be down to 50 million ICN tokens, and then their BTC value just keeps going up and up.

Sounds like a good deal long term or no? We have to think about it really long term. If you can wait 20, 30 years, this could be worth quite a bit for each ICN token.

Now, that's the rosy scenario. What is the worst case scenario?


But, the thing is there is no real usage of ICN for now. It doesn't matter if there are 1 million ICN remaining or 1 billion ICN. There is no use for them thus no value.
Daparski
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November 06, 2017, 11:29:21 AM
 #7814

I'd probably buy more considering they just burned another 742,000 thousand ICN tokens. So with every year they'll burn 2.5 million ICN tokens approximately. So 10 years from now, they'll be down to 75 million ICN tokens if my math is right and it remains at its current burn rate (more or less). 20 years from now, they'll be down to 50 million ICN tokens, and then their BTC value just keeps going up and up.

Sounds like a good deal long term or no? We have to think about it really long term. If you can wait 20, 30 years, this could be worth quite a bit for each ICN token.

Now, that's the rosy scenario. What is the worst case scenario?


But, the thing is there is no real usage of ICN for now. It doesn't matter if there are 1 million ICN remaining or 1 billion ICN. There is no use for them thus no value.

There is usage, it is not public yet. DAAs are still in beta for another 1-2 months
Crypto_Jay_99
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November 06, 2017, 11:43:45 AM
 #7815

I'd probably buy more considering they just burned another 742,000 thousand ICN tokens. So with every year they'll burn 2.5 million ICN tokens approximately. So 10 years from now, they'll be down to 75 million ICN tokens if my math is right and it remains at its current burn rate (more or less). 20 years from now, they'll be down to 50 million ICN tokens, and then their BTC value just keeps going up and up.

Sounds like a good deal long term or no? We have to think about it really long term. If you can wait 20, 30 years, this could be worth quite a bit for each ICN token.

Now, that's the rosy scenario. What is the worst case scenario?
Where do you get that number?
They only burnt around 212000 tokens. This is the burn address:
https://etherscan.io/address/0x0006157838d5a6b33ab66588a6a693a57c869999#tokentxns

Imo, this is the bottom for ICN. Q3 report was underwhelming, but remember that this was before they launched the DAAs (happened at the start of Q4). I expect a much better Q4 report, plus there is a lot of good stuff in the pipeline (declaration of iCN usage, full platform release, fiat gateway...).
After the last fork (BCash) price tripled as well. Hopefully we'll have a similar scenario.

I would be surprised if the price isn't 2 or 3x the current price within the next 6 months. Bought some extra ICN yesterday.

But DYOR.
gregory51gosh
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November 06, 2017, 01:50:44 PM
 #7816

Hi, maybe ICONOMI would be interested in cooperation with our tokenloyalty project (https://bitcointalk.org/index.php?topic=2293442)?

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susila_bai
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November 06, 2017, 02:40:47 PM
 #7817

I'd probably buy more considering they just burned another 742,000 thousand ICN tokens. So with every year they'll burn 2.5 million ICN tokens approximately. So 10 years from now, they'll be down to 75 million ICN tokens if my math is right and it remains at its current burn rate (more or less). 20 years from now, they'll be down to 50 million ICN tokens, and then their BTC value just keeps going up and up.

Sounds like a good deal long term or no? We have to think about it really long term. If you can wait 20, 30 years, this could be worth quite a bit for each ICN token.

Now, that's the rosy scenario. What is the worst case scenario?
Where do you get that number?
They only burnt around 212000 tokens. This is the burn address:
https://etherscan.io/address/0x0006157838d5a6b33ab66588a6a693a57c869999#tokentxns

Imo, this is the bottom for ICN. Q3 report was underwhelming, but remember that this was before they launched the DAAs (happened at the start of Q4). I expect a much better Q4 report, plus there is a lot of good stuff in the pipeline (declaration of iCN usage, full platform release, fiat gateway...).
After the last fork (BCash) price tripled as well. Hopefully we'll have a similar scenario.

I would be surprised if the price isn't 2 or 3x the current price within the next 6 months. Bought some extra ICN yesterday.

But DYOR.

From the current price to 2 to 3x profit in next 6 months is not a big thing but still i think it will be below the price value what it should be in ICO period time. I think for ICN to get big will take longer time like 2 or 3 yrs or more then only we can see some good profit.
vlun121_DDS
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November 07, 2017, 04:28:31 AM
 #7818

I'd probably buy more considering they just burned another 742,000 thousand ICN tokens. So with every year they'll burn 2.5 million ICN tokens approximately. So 10 years from now, they'll be down to 75 million ICN tokens if my math is right and it remains at its current burn rate (more or less). 20 years from now, they'll be down to 50 million ICN tokens, and then their BTC value just keeps going up and up.

Sounds like a good deal long term or no? We have to think about it really long term. If you can wait 20, 30 years, this could be worth quite a bit for each ICN token.

Now, that's the rosy scenario. What is the worst case scenario?
Where do you get that number?
They only burnt around 212000 tokens. This is the burn address:
https://etherscan.io/address/0x0006157838d5a6b33ab66588a6a693a57c869999#tokentxns

Imo, this is the bottom for ICN. Q3 report was underwhelming, but remember that this was before they launched the DAAs (happened at the start of Q4). I expect a much better Q4 report, plus there is a lot of good stuff in the pipeline (declaration of iCN usage, full platform release, fiat gateway...).
After the last fork (BCash) price tripled as well. Hopefully we'll have a similar scenario.

I would be surprised if the price isn't 2 or 3x the current price within the next 6 months. Bought some extra ICN yesterday.

But DYOR.

ooohhh, I really messed up here, and that's all I'll say is that. let me scrub that post.
legendbtc
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November 07, 2017, 04:35:46 AM
 #7819

how much the price will go down? well we always have the guys who sell at a loss because they let them self drived by feelings of fear instead of ration. i really think this is the future. Managing your crypto investment from your mobile device and with the fiat gateway coming, you won't need to use fiat more than you need. Letting your money sit in a investment fund and take what you need when you need and all that from your mobile will be a thing. Plus you can make your own fund, now that's another treat. I have to admit that the iconomi team delivers more than expected, nice, simple, intuitive product for the user over and over, the only thing that bothers me... and i think i said it before it's the missing utility of the ICN. But seeing them so motivated with the work they've done i really think more and more that i will be pleasantly surprised with the decision made.
Overall iconomi i think very good project and also has already running. But the main problem is bitcoin hard fork can make all altcoin including icn down deep.  So maybe be patient is key for now situation

With the increase price of Bitcoin many coins are facing the same problem what ICN is facing. We have to wait sometime in order to make profits from the altcoins. Right now Bitcoin price is in voltaile so the chances are very less to increase any altcoins value.

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jack1111
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November 07, 2017, 06:23:37 AM
 #7820

I'd probably buy more considering they just burned another 742,000 thousand ICN tokens. So with every year they'll burn 2.5 million ICN tokens approximately. So 10 years from now, they'll be down to 75 million ICN tokens if my math is right and it remains at its current burn rate (more or less). 20 years from now, they'll be down to 50 million ICN tokens, and then their BTC value just keeps going up and up.

Sounds like a good deal long term or no? We have to think about it really long term. If you can wait 20, 30 years, this could be worth quite a bit for each ICN token.

Now, that's the rosy scenario. What is the worst case scenario?


But, the thing is there is no real usage of ICN for now. It doesn't matter if there are 1 million ICN remaining or 1 billion ICN. There is no use for them thus no value.
Do not contribute to spreading this false information, it will definitly has a use case in the future, the team has announced this in an AMA session.
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