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Just bought some extra ICN, FUD is keeping prices down.
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I don't think that is FUD mate. There is a lot of ICOs currently and one eat maret share of another that is all.
Sure that ICN is security (profit sharing) but after all if they are buying back tokens WHO CARES ?
Even if ICONOMI will be last buyer on Etherdelta who cares - if they buyback those tokens for real ?
If ICONOMI people will be honest ICN token cannot be stoper even if it is security.
Maybe it will be less pumped but it will gain value over time for sure - if devs will keep buying back.
The FUD I'm talking about is the recent China fears which has caused a pullback of the entire market. But you're right, the coin hasn't been doing well for a long time. I don't think they can directly influence the price though (except through extra marketing).
Something I find hard to get my head around, considering how solid the project/team looks. They have an excellent business model, first-mover advantage, a working platform, a lot of customers and money flowing in. I read somewhere they're already cashflow positive... Plus they will become such a whale (hedge) that they can really influence the general market, that's why I'm also in BLX. A lot of money will flow to BLX, which will cause the price to rise.
Compare that with an ICO that just has a whitepaper and a vague roadmap. Crazy... I guess you're right, people want to bet on the shiny, new thing where they possibly can get a 10-100x return.