Well I have been holding ICN for quite some time, but after these news, there is simply no incentive to hold ICN long term and now it's on its way to become another pump and dump (not coin) asset. Basically, after these news, it's not even an asset when I think about it.
Changing the fundamental characteristic of the entire business mid-flight is very very very bad sign. It was obvious from the beginning, that dividens might be problematic, but it took X months to figure it out? Nah. Also, what incentive is there for big investors now? Not much.
My opinion is shared here in the top voted comment -
https://www.reddit.com/r/ICONOMI/comments/620clj/iconomi_introduces_repayment_programme/ It wasn't written by me, but I relate to it 100%.
Anyways, good luck to those of you still holding, there's plenty of money to be made for sure, but there are better opportunities out there, especially now with bear market. I may regret this eventually, but at the moment I believe it's a correct decision.
Good luck all of you!
Agreed. I've had enough of these jokers not sticking to what they say, and constantly changing fundamental parts of the business.
I see no reason to applaud this move. If people around here see it is a positive change, then I'm happy for them, and wish you all luck.
Personally, I don't like being dicked around this much, and I see this as my exit point.
As Nargil says, there's still money to be made, but I'll be taking my money elsewhere. I've made some profit on ICN, so it's all good.
I might buy some ICNX if/when the platform goes live, of course.
Good luck everyone!
The fundamentals are still the same, ICN holders receive the revenue from Iconomi platform
They changed to a more efficient method of distributing this revenue, that's all.
Probably a lot of people sold at 50k+ satoshi and will now start fud campaigning to try to buy back lower just like what happened about 2 months ago in February with the SEC fud campaign.