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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 issue I have with the buy back is that the team may be manipulating the price, by putting pressure on the price and keeping it down for them to be buying it up at a cheap price, I still believe the buying back thing is a breach of agreement also there are alot of projects coming up with new model that is going to be fair to investors, let just admit this ICN tokens are security, so why are they trying to deny the obvious
I also think the team has no interest in raising the price at the moment. But please don't underestimate the hype for a QUICK proffit. That's why many people are selling. same reason almoast everybody who had bitcoin at first gave it away on the road.
The upcomming FIAT gateway will help a lot of people get in and out volume/trading.
What is the hurry anyway? the waiting time to purchase a super sport car is around 2 years so i got time.
You both are talking nonsense. The team has officially said in the last AMA that they are not keeping the price down.
If you don't trust them with official statements, there is no point to be part of the project.
They simply don't care about the price at the moment. They care to make a secured, robust and easy to use product that will be used by institutional and traditional firms, aka big money..
Why it is so hard to understand? Get your head out of the over hyped ICO bubble..
Most teams just hype, update, and are very active in social channels. Product - nah, not important. They won;t be around in 2-5 years though
i'm not talking nonesense. They really have no interest in raising the price at the moment. Not having a interest in driving the price up is driving the price down. We know that is how it works, and they know that as well. I trust them with the statements and they said the same thing in the last AMA that there's no interest in driving the price up because they want organic growth. based on what they said i can see how this is driving the price down and let's steady hands take the "wheel". A smaller price per token (now) is more proffit for the token holders (near/far future). i personally think this token will have one of the biggest and moast constant gains in 2-5 years time.