ICP (Internet Computer)

[neatworld]

I haven't seen any posts about this and am really curious to hear what you all have to say about ICP (Internet Computer)- A project that catapulted into the top 10 after launch. I mean - it's already on Coinbase! I actually subscribed to the DFINITY updates for a few years now thanks to something I read in BitcoinTalk forums, but never really followed through on the project. Now it's got massive backing and an interesting buzz around it.

I find it pretty pricey given its max supply of 470 000 000 coins (it's around 150 USD at the moment, down from around 700 USD when it launched 12 days ago), but utility wise, if it delivers - this is massively exciting.

So - what are your thoughts on this project? (Full disclosure, I've just picked up a few and have set some lowball buy orders to maybe scoop up a few more  )

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[livingfree]

Did also signed up for its airdrop a few years back? if you've done, you're one of the lucky guys that have it for free and didn't expect that it will grow as big as it is right now.

There's not that much talk on it because it might be that most of the investors of it are not on the forum.

[decodx]

My understanding of Dfinity and smart contracts is still a little fuzzy (I read the whole article), but in a nutshell it appears to be distributed cloud computing with crypto bubble on top. A way of buying votes/influence? I must be retarded (I read the entire article) but it sounds like a nightmare.

[neatworld]

Did also signed up for its airdrop a few years back? if you've done, you're one of the lucky guys that have it for free and didn't expect that it will grow as big as it is right now.

There's not that much talk on it because it might be that most of the investors of it are not on the forum.

Nope, I missed that train, unfortunately! 

[Princeofpoetry]

I missed this moment, I just found out about this project from my friend. one of the projects that surprised me this year by being in the top 10. I plan to buy it during the bear period

[neatworld]

Well, I bought some at around the 120 mark thinking I had gotten a good price, but it's now currently at 87 dollars  Ahhh, the crypto life. I'm debating whether it's worth buying a few at this price to lower my average cost per coin...

So many good projects are on 'sale' right now though!

[mobtc]

I was fortunate enough to participate in its airdrop event in 2017, and airdrops started on the 11th of last month.
It has a very good concept, but it did not come at the right time, it is catching up with the bear market, I believe that as long as he can continue to accomplish his goals, one day it must be in the top three.

[devil2man]

I have not found many posts on the altcoin icp on btk is the first time i read about this coin, it is a pity i did not know about it before maybe i could have participate in the airdrop i see that it has a fairly high value around 80 $ is there a way to earn it? can it be mined?

[Silver80]

The problem is that internet computer coin prices are less stable, even dropping and rising drastically making it difficult to analyze

[Sithara007]

They went for a very high valuation in the beginning and that is the reason why many thought that it is another scam project. Initially they were aiming for a market cap of around $50 billion, which I thought was too much for a project without a well developed final product. The idea behind the project is really good, as real time confirmation is something that I would like to use for my payment methods. But the hyperinflated listing price gave an impression that the developers are concerned only about making money and nothing else.

[neatworld]

Given its supply, what would be a realistic valuation for a project like this? I wouldn't price it past 50 dollars but from what I understand, a huge portion of the coins are locked up which gives it relative scarcity. I'd love someone who's more knowledgeable about the project to weigh in

[bluebit25]

I am not too unfamiliar with it as this project has been mentioned a lot before and by the time of launch they have already proven themselves in the crypto space. While I'm amazed at where it's now, I think it's still over-hyped and needs time to settle.

[triat]

I am not too unfamiliar with it as this project has been mentioned a lot before and by the time of launch they have already proven themselves in the crypto space. While I'm amazed at where it's now, I think it's still over-hyped and needs time to settle.

the project is very good and promising, but now its price is getting lower and lower every day. But this is only due to the fall in the price of bitcoin, as soon as the market goes up, this token will be bought back and the price will go up.

[Jackl87]

I am not too unfamiliar with it as this project has been mentioned a lot before and by the time of launch they have already proven themselves in the crypto space. While I'm amazed at where it's now, I think it's still over-hyped and needs time to settle.

Price is already going down steadily because a lot of people got the airdrop (including me, but i only got the small amount of 28 ICP and not 119 like others, multi accounts not even counted in) and a lot of them sold off their airdrop which of course creates a heavy pressure on the price. I personally haven't sold any ICP yet and i am not planning to do so because i hope and think that the price will stabilize and will start to grow again once the airdrop sell off is finished. If we should go into a real bear market and we will see a price of <40$ per ICP then i will probably buy a few more ICP myself.

[Synecdoche]

This project can rewrite how internet works now. ICP use smart contracts and you can have different application work based on smart contracts thanks to ICP. For example if you have an account on a tokenized social media you can literally own the post that you created.

[Vishnu.Reang]

Price is already going down steadily because a lot of people got the airdrop (including me, but i only got the small amount of 28 ICP and not 119 like others, multi accounts not even counted in) and a lot of them sold off their airdrop which of course creates a heavy pressure on the price. I personally haven't sold any ICP yet and i am not planning to do so because i hope and think that the price will stabilize and will start to grow again once the airdrop sell off is finished. If we should go into a real bear market and we will see a price of <40$ per ICP then i will probably buy a few more ICP myself.

Looking at the order books, the feeling I get is that ICP is still overpriced. The market cap went down by almost 75% in a week or so, and I won't be surprised if it goes down by another 50%. And I don't think that users selling their airdropped tokens is the sole reason behind the drop. The market cap (even at current levels) looks too high for a project that has limited acceptability. And if I am not wrong, the airdrop started in 2018. There is no reason to assume that all the users who have waited for so long will dump their tokens all of a sudden.

[tsaroz]

This project can rewrite how internet works now. ICP use smart contracts and you can have different application work based on smart contracts thanks to ICP. For example if you have an account on a tokenized social media you can literally own the post that you created.

The idea sounds promising but there would always be the need of balancing what you do and how secure is it. One of the reason why we choose difficult and costly way of securing the network is cause we are also making it harder for individuals or a small group to hack it. When things gets easier, it gets easier to hack.

[apa don]

The problem is that internet computer coin prices are less stable, even dropping and rising drastically making it difficult to analyze

Actually, it is not difficult to analyze in full, because the increase and decrease experienced by ICP tokens is only due to two influences, firstly because market conditions are still not stable and secondly because supply and demand in the market are still not balanced.

[bluebit25]

I am not too unfamiliar with it as this project has been mentioned a lot before and by the time of launch they have already proven themselves in the crypto space. While I'm amazed at where it's now, I think it's still over-hyped and needs time to settle.

Price is already going down steadily because a lot of people got the airdrop (including me, but i only got the small amount of 28 ICP and not 119 like others, multi accounts not even counted in) and a lot of them sold off their airdrop which of course creates a heavy pressure on the price. I personally haven't sold any ICP yet and i am not planning to do so because i hope and think that the price will stabilize and will start to grow again once the airdrop sell off is finished. If we should go into a real bear market and we will see a price of <40$ per ICP then i will probably buy a few more ICP myself.

I also really like this project, and honestly the current price is also a price that I don't think is too high, for me the project will have the ability to bring more things in the future, so the issue of price will be changed soon.

[Sithara007]

I also really like this project, and honestly the current price is also a price that I don't think is too high, for me the project will have the ability to bring more things in the future, so the issue of price will be changed soon.

The price was too high when they got listed. The market cap at that time was >$50 billion. And this gave an impression that this coin was another overpriced and overhyped project from developers who just wanted to get rich. Now it will be very difficult to convince the users to invest in this project again. I don't understand the mentality from the promoters. I agree that the project represents a really good idea. But at this point, going for a valuation of $50 billion is a bit too much.