price is not low because people are selling.  price is low because traders are selling/buying.  in low liquidity environments you will see the price continually drop.  it is very normal in a market.  think logically.  if i have 1000 ICN and sell now...i can get say 1050 icn in the next small bump back up...then sell it again...then buy again to get 1100 icn...eventually when the market pumps i'll either be on the icn of the trade or the btc.  either way, i made a lot without having to invest any additional capital. 

everybody, you can try this experiment yourself...in just about any crypto market.  please don't be so naive.

everybody asks why the price keeps going down, which I just don't understand.  If you wanted to accumulate a larger position without spending anymore, how would you do it?  In a market where liquidity is low, you can expect price to only go steadily lower as those trying to accumulate play the market in that way. 

The only way price jumps is through new buyers when the only players are hodlers, accumulators, and those that "cut their losses" (cutting losses onto the accumulators).

Why is this so hard to understand in crypto???

The user interfaces are becoming much more consumer friendly and it will eventually reach a tipping point.  Once that happens you will see real growth in the market.  Most of the growth now is just big investors playing bitcoin.

any updates on buybacks with Iconomi?  Haven't been around much lately with all the Monkey Capital hysteria.  Thanks.

p.s. - sorry if answered a few pages back!

huh?  Please explain where you read this... this is false - based on everything I have read. 

have you asked if they will have an escrow in their slack (over 600 members now)? Most engaged team I have seen to date.  I would welcome you to participate in the conversation so we can make this even more successful.  Also, go buy some COEVAL on the Waves DEX. 

sold a little for liquidity (tough to find some when the entire market is bleeding, but ICN is one of my largest positions)...bought some COEVAL (monkey capital) on the Waves DEX.  In case you want to know MCap, they are in Barcelona as well.  I think ICONOMI is actually hosting the event.  Very happy to see ICN recover so quickly, such a solid plan.  Anyways, not all sells were for lack of confidence in ICN.  After all, I plan to buy back some of my position soon, even if it hits $5 when I sold 30% of my shares at $2 (originally bought at $.42 at least).  Very confident in ICONOMI...worth $25 in my eyes, so buying at $5 is no worries.

dmhco - love this guy.  I'll join slack, hope to learn more about the team there.  Still have uneasy feeling, but maybe its just gas.

I was just quoting an error, too many zeroes.  I don't mind the amount of supply.  I just don't like how everybody seems to have ownership of my potential investment except me..

what denomination is "1,000,0000,000 MNY For Sale" (pg. 31 of whitepaper)?

Anyways, it seems there are a ton of hands in the pot on this project.  Can somebody from the team lay out what the benefit is to a MNY token holder besides more "free coins"?  I keep seeing various companies owning 10%, 20%, etc...how much do the MNY token holders own in the company. 

Thanks

please update yourself on what ICONOMI is.  it is more of a "what projects are using iconomi FUNDS TO MAKE a platform".

quite the slide on price for ICN, good time to buy again.

nope.  only way it would ever get to that level is if the platform was a failure.  news that beta was a success will probably it the ICN price today, so you should probably buy and hold.  don't think of it as getting at $3, $4, or $5...the price will be much more than all those and when $30 you won't care if you bought at $3 or $5.

be sure to check the rebuttal

It was done to comply with U.S.A. security laws. 

What is your reasoning for only 1 more year?  I know when ICNX opens up to the masses it will attract >$1 billion AUM.  Just look at the top 8 currencies, all over $1B.  That is such a small sliver of the entire market ICNX will attract - I'm trying to be conservative with my numbers.  That means $7.5M worth of ICN burned every quarter, $82k per day.  Once U.S.A. security laws open up the market you will see institutional investors dive in with both feet and this would be a necessity in their portfolio...that is when you'll see ridiculous growth.  If U.S.A security laws don't bode well for ICN then you will still see >$1B AUM, meaning a $15 ICN price based on what the current crypto market cap is about $110B.  1% of that should be doable within a year.  $30 million burned (if AUM reach $1B) which will be about 10% of the current ICONOMI market cap, which is 6,880,000 ICN burned. 

So assuming the market cap of ICN stays at $380M and there is 87M ICN (which there is less I can probably assume), that gives you your current price at $4.36.  Every 1M ICN burned is $0.05 on the price, meaning 6.88M ICN burned is $0.34 on the price...(***assuming the market cap does not change!).  So once you factor $10M from ICNP, $30M ICNX, ???exchange, ???DAA, you are looking at $0.50 a quarter assuming the market cap does not change - which is impossible.  Once you factor market cap hitting $1B in a year, a conservative 15M ICN burned, you can expect a price of $14 ICN. 

That is 100% realistic.  If you factor in FOMO and crypto taking off then those numbers are very VERY conservative.  Long-term is greater than 1 year, not 1 year.  This is a strong hold...understand the entire crypto market barely cracks the top 50 of the S&P 500.

I love the optimism about pricing here...just read how one of the top 10 long-term bond ETFs has north of $1T AUM.  That is just one category of bonds (let alone short-term, government, treasuries...or equity growth, value, large-cap, mid-cap, blends, etc.)...meaning it may not even crack the top 100 ETFs with their AUM. 

Assuming ICNX can get close to the top 100 ETFs (in comparison to the old economy) we are looking at $1T under management.  3% annual is used to burn tokens.  That is about $82 million a day!  A freaking day!  Total market liquidity is not even $1 million on kraken exchange.  So just on burning ONE of their products you are looking at 82x the amount of market activity compared to what is currently happening.  One product... without even talking about ICNP, DAA, exchanges, etc.  That is insane.  Why would anybody think about selling at $5 or $10.  If you truly believe in Crypto, then ICONOMI is a no-brainer long-term hold. 

Let's start being investors instead of day traders.  Go day trade on eBoost or some other crap.  I use to be against ICONOMI bc of their PR, but they have come full circle.  They care about producing a solid product and you see them at the big conferences speaking with the big boys behind the curtains.  They aren't afraid to be in front of everybody.  Once the U.S.A. can get their security laws in line with Crypto, this shit will fly off the charts.  You will be looking at the $500+ range if that happens ($1 million daily liquidy, 82x that on ICNX alone if $1T AUM, meaning 100x price change minimum).

January 1st 2018 $10-20
January 1st 2019 $100-$250
January 1st 2020 $500+ 

BTW, anybody think Ardor is the next ETH?  Or does somebody have another long-term hold??

BTW, I have some friends on Wall Street.  The hedge fund guys are in the Crypto game, just not the "Traditional investors".  ICONOMI is on their radar...they are just starting to dabble in the Alt coin markets.  In the next few months you'll see a lot of money start pouring in...wait until the stock market gains and losses dumps before the turn of the calendar year.  This next year will be epic.

just got the chills...

I'm an ICN token holder who wants to know about other peeps experiences with withdrawing serious amounts of cash. I plan to buy a 100 acre farmhouse to start a business with my gains...my investment in Iconomi hinges on being able to exchange ICN into BTC into my countries currency. Please folks, enlighten us ICN holders with your personal experiences. Thank you in advance bc this is a serious conversation not just lambo pics, moon shots, pat on the back type of posts.

Yep, quoting myself..

I believe that was one of the first days of the burn and the recent growth is from the ongoing burn, which has also resulted in FOMO buyers. What will be interesting to see is post-pump...there may not be much of a dump bc of the ongoing burn of about $150k everyday. That is a lot of demand.

#TheBurning

Will be interesting to know why everybody else believes the price is going bonkers.