The situation at Kraken screams FULL HODL to me.
OCT 26
Cruurently at Kraken, it would only take the purchase of 1M ICN for 430BTC = $280K (1 / 40 of ICO expenditures) to put the price of the other 99M ICN at 0.0008, which would be 4X the ICO price.
My quote above was from yesterday. The situation has since changed for the better.
The "1M ICN / 430 BTC / $280K to reach 4X ICO price" is now "766K ICN / 283 BTC / $193K to reach 4X ICO price".
Investors are buying up ICN at ICO prices, and they are doing it so slowly and quietly that nobody is even noticing that it is happening.
The purchase of only 0.75% of all ICN right now would put ICN at 4X ICO price! This token price is on a hair-trigger. If you want to accumulate, you buy S..L..O..W..L..Y.
You people that are used to the roller coaster swings at Polo have no idea of the different kind of exchange users you are dealing with on Kraken.
OCT 27
The number of BTC in sales required to get to a 4X multiplier on the original ICN continues to decline....
OCT 31
The number of BTC in sales required to get to a 4X multiplier on the original ICN continues to decline....
The price of ICN is on a knife edge that is getting sharper every day. When we finally get to a place ...Polo... where traders are willing to spend 250+ BTC in volume on this coin, the price will explode.
NOV 6
Isn't it also because the sell orders have decreased?
I hope I haven't wrote too big of a nonsense...