ICONOMI - Live for today. Invest for tomorrow.

[DaExponentialGrowth]

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? 

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? 
https://bitcointalk.org/index.php?topic=2349628.0

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[ahmedjadoon]

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]

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]

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]

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

[susila_bai]

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]

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]

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.

[jack1111]

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.

[bagera]

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

Perhaps soon the price of bitcoin will fall, money will flow into the altcoyins. This means that you are running out of time to buy the ICN at a very competitive price. The train starts to depart. Let's look only where. To the moon or to hell

[Mugabe]

and Newbie , why are you so frostated, if you are so smart?
I think you are the loser... or you just like to buy ICNs as low price as you can...., and now you are the liar.................

[vlun121_DDS]

Down 20% today. This Iconomi thing has probably been the worst crypto has to offer of the 2017 year. Their buybacks has been somewhat of a joke really now that I think of it.

[Mugabe]

Iam sorry to newbei... my replay went to 435613422............

[ColdZerk]

Down 20% today. This Iconomi thing has probably been the worst crypto has to offer of the 2017 year. Their buybacks has been somewhat of a joke really now that I think of it.

There is a reason for it: https://paritytech.io/blog/security-alert.html
As i know it touches ICN too.Bad News for Polkadot, ICN and other...

[Mugabe]

I still think that some one is pushing the price of ICN down..down .. deliberately...

[Daparski]

Iam sorry to newbei... my replay went to 435613422............

Don't bother.. it's a sock puppet account that FUDs back from the ICO days

[bek77]

when could the value increase?

[435613422]

Iam sorry to newbei... my replay went to 435613422............

Don't bother.. it's a sock puppet account that FUDs back from the ICO days

you are the puppet. masking any news you don't want to hear..

[nitja]

https://www.coindesk.com/ethereum-client-bug-freezes-user-funds-fallout-remains-uncertain/

Also icn wallet... looks like the funds are frozen

https://medium.com/iconominet/statement-on-the-parity-multi-sig-wallet-vulnerability-253b0675291f

So if only solution is a hard fork, then we have a problem...

"Some developers have speculated that a hard fork is the only way to fix the problem. But as hard forks are a controversial upgrading mechanism – particularly in the context of ethereum - some in the community are already "refusing" to execute such an upgrade."
(Source:coindesk)

[BenderTV]

I think that on AMA, we have to ask questions solely on the ICN token.  That way we can get answers from the team.
You don't have to ask questions about other coins and like ICNX!

It has to be remembered, the questions of the AMA should only be on the ICN! We have to get answers.