DualScience
Newbie
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Activity: 8
Merit: 0
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November 19, 2017, 01:17:46 PM |
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If only 1 millions are burnt, it will make a huge demand supply gap
They burned 750k in Q3, ICN price went down 60%. Not sure what kind of effect you think 1M burnt would have? ICONOMI has now locked their Reddit channel.
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Red_Sanford
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November 19, 2017, 02:31:59 PM |
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If only 1 millions are burnt, it will make a huge demand supply gap
They burned 750k in Q3, ICN price went down 60%. Not sure what kind of effect you think 1M burnt would have? ICONOMI has now locked their Reddit channel. Well it looks like it might be time to start an Iconomi uncensored reddit then. Seeing as both this thread and their channel are moderated it would be nice to have an honest conversation
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opec45
Jr. Member
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Activity: 67
Merit: 1
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November 19, 2017, 04:35:29 PM |
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They burned 750k in Q3, ICN price went down 60%. Not sure what kind of effect you think 1M burnt would have? I think it's time that you learn to calculate properly. Until now 211.686 ICN's were burned. 100.000.000-99.788.314=211.686 When you write down something it should be correct.
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yingfeng
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November 19, 2017, 06:02:34 PM |
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I dont understand why you cant invest ICN token on platform... On the other hand why do somebody want to invest in index if he can just copy their portfolio for free ? That's exactly what I did. In my portfolio, a lot of coins were invested by ICONOMI. But I understand those people who invest in these funds. It saves a lot of time.
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nor9854
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November 19, 2017, 11:01:03 PM |
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If only 1 millions are burnt, it will make a huge demand supply gap
They burned 750k in Q3, ICN price went down 60%. Not sure what kind of effect you think 1M burnt would have? ICONOMI has now locked their Reddit channel. Well it looks like it might be time to start an Iconomi uncensored reddit then. Seeing as both this thread and their channel are moderated it would be nice to have an honest conversation Taking your word for it.If it is true,we must stop supporting all projects that iconomi is a part of.This is nothing but scam
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DiCE1904
Legendary
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Activity: 1118
Merit: 1002
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November 20, 2017, 01:35:09 AM |
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Strange that ICN price is tanking further. November AMA is not really convincing, but I didn't really expect anything to be honest. Probably there will be a bit of a delay in releasing the platform. I hope to have some good news by jan/feb next year...
Strange? Have you seen the Q3 numbers? With Q3 rate it will take 222 years to burn all the ICN tokens but only a few years to use all ICO money for operational expenses and only if they will not use more ICO money to fund their pet project and not loose more money due their technical incompetence. They have already spent $57M ICO money to launch their private companies Columbus Capital and Cofound.it from which ICN investors have nothing, no fees, nothing. You basically gave your money so they can play with it and you are getting no return. They've also lost all Eth, $36M due to Parity bug, so from $120M ICO money they have less than $30M left. After a year they have shown no real income, all promised features are still just a promise and they are increasingly hostile to their investors. Today their CIO lost his nerve: Actually I’m not patient anymore. This community feels like backstabbing all the time (with few bright exceptions), searching for slightest details to s**t on. Might really have been last monthly AMA because of how things are going. In a year, they will channel out ICO money for their bonuses and new pet projects and the $120M ICO money will be gone and ICN with it. This guy gets it
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BitPotus
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November 20, 2017, 12:48:43 PM |
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This has turned into an absolute disaster.
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JKM Crypto
Newbie
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Activity: 8
Merit: 0
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November 20, 2017, 02:42:36 PM |
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If you are pioneering, sometimes things don't work out smoothly. Bitcoin started out as an illegal market currency and a drugs-money gateway.
Iconomi also has a difficult road, but you know... When there is blood on the streets..........
Iconomi will be a top10 digital asset. It will rise to the top.
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taurados
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November 20, 2017, 02:44:06 PM |
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I hope will go up soon. I bought at 80k sats and now i´m a backholder. Why this token goes down more every day
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Salmen
Legendary
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Activity: 1059
Merit: 1020
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November 20, 2017, 02:57:45 PM |
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Strange that ICN price is tanking further. November AMA is not really convincing, but I didn't really expect anything to be honest. Probably there will be a bit of a delay in releasing the platform. I hope to have some good news by jan/feb next year...
Strange? Have you seen the Q3 numbers? With Q3 rate it will take 222 years to burn all the ICN tokens but only a few years to use all ICO money for operational expenses and only if they will not use more ICO money to fund their pet project and not loose more money due their technical incompetence. They have already spent $57M ICO money to launch their private companies Columbus Capital and Cofound.it from which ICN investors have nothing, no fees, nothing. You basically gave your money so they can play with it and you are getting no return. They've also lost all Eth, $36M due to Parity bug, so from $120M ICO money they have less than $30M left. That's not true. Iconomi said in the Q2 to use less money to burn tokens for the Q3 and what happened? More Tokens were burnt in the Q3 than Q2, although the allocated money is much lower but the low price played the big role.
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Young Developer amidst Europe. Specialized in Web Programming and Creating Telegram Bots. Looking for a developer? Feel free to drop a mail to me. Running JaguarBitcoin - Your Place For Scripts
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Mr.W
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Activity: 17
Merit: 0
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November 20, 2017, 06:39:55 PM Last edit: November 20, 2017, 07:20:38 PM by Mr.W |
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this is just the start, personally I think it's stupid to complain about the price of the token, it's only few weeks since they launced the DAAs. Moving forward we will see if the money is coming in and if the project is working. Usually the first company realizing a new idea has a big advantage. Look at facebook... And something like iconomi is deeply needed in cryptos! not planning to sell my icn anytime soon
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JKM Crypto
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Activity: 8
Merit: 0
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November 20, 2017, 08:18:47 PM |
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this is just the start, personally I think it's stupid to complain about the price of the token, it's only few weeks since they launced the DAAs. Moving forward we will see if the money is coming in and if the project is working. Usually the first company realizing a new idea has a big advantage. Look at facebook... And something like iconomi is deeply needed in cryptos! not planning to sell my icn anytime soon This guy gets it
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TIBB
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Activity: 14
Merit: 0
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November 21, 2017, 01:04:45 AM |
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ruletheworld
Legendary
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Activity: 1386
Merit: 1045
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November 21, 2017, 04:29:20 AM |
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Wouldn't get my hopes too high on the communication front. That being said, a protocol use case for ICN would be exciting if the team ever comes out with something good.
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DualScience
Newbie
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Activity: 8
Merit: 0
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November 21, 2017, 08:12:06 AM |
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It's a classic PR spin. A little bit, but not too much of wearing sackcloth and ashes. Promise that they will improve and talk about technicalities. Personal reply to everyone that gives them support. If you look at the content, they've addressed none of the concerns community had and made it hostile towards the management in the first place.
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Crypto_Jay_99
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November 21, 2017, 10:13:00 AM |
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It's a classic PR spin. A little bit, but not too much of wearing sackcloth and ashes. Promise that they will improve and talk about technicalities. Personal reply to everyone that gives them support. If you look at the content, they've addressed none of the concerns community had and made it hostile towards the management in the first place. I'm very surprised that the ICN price has risen after another disappointing AMA, and then closing their Reddit... Any ideas? They're buying up more ICN themselves, or maybe with CCP funds?
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sud
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November 21, 2017, 11:08:20 AM |
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It's a classic PR spin. A little bit, but not too much of wearing sackcloth and ashes. Promise that they will improve and talk about technicalities. Personal reply to everyone that gives them support. If you look at the content, they've addressed none of the concerns community had and made it hostile towards the management in the first place. I'm very surprised that the ICN price has risen after another disappointing AMA, and then closing their Reddit... Any ideas? They're buying up more ICN themselves, or maybe with CCP funds? I think most people trading ICN have no idea about their AMA on reddit. Or any other bad or good news.
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ethbringer
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November 21, 2017, 12:37:10 PM |
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It's a classic PR spin. A little bit, but not too much of wearing sackcloth and ashes. Promise that they will improve and talk about technicalities. Personal reply to everyone that gives them support. If you look at the content, they've addressed none of the concerns community had and made it hostile towards the management in the first place. I'm very surprised that the ICN price has risen after another disappointing AMA, and then closing their Reddit... Any ideas? They're buying up more ICN themselves, or maybe with CCP funds? I think most people trading ICN have no idea about their AMA on reddit. Or any other bad or good news. Yes, most people will do no research about the coin they are buying, they just think they can gain profits then they buy and sell
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Investorlogic
Newbie
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Activity: 34
Merit: 0
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November 21, 2017, 12:38:55 PM |
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It's a classic PR spin. A little bit, but not too much of wearing sackcloth and ashes. Promise that they will improve and talk about technicalities. Personal reply to everyone that gives them support. If you look at the content, they've addressed none of the concerns community had and made it hostile towards the management in the first place. I'm very surprised that the ICN price has risen after another disappointing AMA, and then closing their Reddit... Any ideas? They're buying up more ICN themselves, or maybe with CCP funds? I think most people trading ICN have no idea about their AMA on reddit. Or any other bad or good news. Well I am an over 55,000 ICN token holder since ICO and despite me having read all Reddit AMA's I will continue to hold these tokens. I feel that we will be richly rewarded in the future. Also I am actively adding to my collection, my goal is to have at least 60,000 or more ICN's before the price sky rockets to the galaxies.
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