Post
Topic
Board Tokens (Altcoins)
Re: [ANN] ICONOMI - Digital Assets Management Platform
by
Daparski
on 19/03/2017, 20:24:37 UTC
I am holding! I will sell only if ICN reaches 10$
....


There is one fatal miscalculation on your part. You assume markets behave rationally.

It is already irrational original investors paid 0.07$ on average per 1 ICN, so that is 4.2x current price.
For comparison initial btc price in 2010 was 0.08$, but btc has 4x lower number of coins + it is useful.

ICO price was 012-013 USD

Current price is not irrational, it represents the support and belief that Iconomi will meet the goal they've set.

Like it was written above, going from 15 to 100 USD in a month without any breakthrough (DASH) is irrational and pump.

When Iconomi will deliver a working OFM platform, and people outside crypto will start buying into different funds, we may see a similar pump.
Traditional and conservative investors and fund managers (the same guys that manage way way more money than the entire crypto combined) will not jump on board in the first 2-4 years, regardless of Iconomi success. These folks need to see historical data and analysis before they decide.
But once they decide to hop on (if they do), we're talking about serious amounts of money, 6 figures minimum.

So I agree - you are either a trader or an investor. If you are an investor, the current price means nothing. What should matter is the product, its quality and the general direction and decisions the team makes.





You are right, to be precise: http://www.financemagnates.com/cryptocurrency/trading/169358/
They raised 10.3M$ lets divide it by 87M coins

That gives us: 10.3M$/87M = 0.1149$ to be precise


Current price 0.3$/0.1149$ = 2.61x gain for original holders. Maybe it is not insane gain, but only if ICN is not going to be abandoned and treated as liability by devs.

My point is if they stated that you need  1k or 5k ICN to be allowed to hold INCP than that could made proce go to 10$ easily

You should always divide by 100M when calculating dividends