Buyback didn't raise the ICN price.It was expected to go to $1 after buyback but btc price played the spoilsport.
Now we can only wait till next btc dump for ICN pump.
Now we can only wait till next btc dump for ICN pump.
Really 1000 ETH worth of ICN spread across 90 days would have taken ICN to 1$ ?
From 63k to 50k was people taking profit from ICN ... only after the dump was caused by BTC pump. It wouldn't get that essay to 1$ in the current conditions related to communication, changes of main ideas, lake of Polo, + 13M tokes from the devs to be dumped and god knows what other "nice" and clever surprises we might get.
There was a lot of hype that "the only way is up" after buyback announcement, because people mistakingly believed that future scarcity (token amount decreasing) alone is enough to drive the price up. Now they have gotten a shock that the price has gone down.
The possibility of Poloniex is currently the main reason to accumulate, as you implied in an earlier post. Until then, people will still be looking to get in cheaper, and the price is just as malleable as it was a month ago, in my opinion.
1000 ETH over 90 days will have zero impact. Use it to buy from the market all at once, I say! Let's have some fun!
