Quote from: DugiOtok on March 02, 2017, 02:23:05 PM

Quote from: 0gantia on March 02, 2017, 01:34:16 PM

It's just these fucking whales who are playing with ICN since one month now. Go fuck them. No sense than ICN go down like that after the up of the beta launch and the soon release date of plateforme

Do I see it right that the current price is determined by only 1% of alle available ICN's? Which might explain the big volatility of ICN?
Current 24h volume is 325k USD. With an average price of 0.325 USD this means that 325.000 / 0.325 = 1 mio ICN that are being traded, which is 1,15% of all currently available ICN's.

The vast majority (98%) is hodling their ICN like real investors because they see the true value behind ICN.

The whales that are moving the price of ICN up and down by trading that 1% are probably holding a lot more tokens than they dump on the markets.

Everybody knows that the real price of ICN will be seen in the future when platform starts making profits and attracts customers and dividends start being paid out. In the meantime however it's understandable for traders to try to profit from the price volatility, it's natural.

To tell you all the truth I am amazed that ICN is being traded as high as it is now, because the price is based entirely on people's belief that the project will succeed, there is literally nothing else giving the token real value at the moment. That's amazing and shows how much confidence everyone has in ICONOMI.