ICNXBT
ICN starting another cup to make new highsICONOMI recently saw new highs after the announcement of the platform going online within the next two months. People are now taking profits and it looks like a new cup is forming like we've seen multiple times the past few months. I'm in ICN for the long run and I like to approach it from a fundamental perspective. There are a lot of bullish fundamentals such as the buyback program, which will generate buying support. (See ICONOMI Reddit for the details). For the short term I think we will see a dip, but I doubt it will go below .0005. I took some profits at what looks like a local top for now, but will always keep on to my bigger share of ICN, and look to buy back in lower. I think ICN is a very interesting crypto to look at for the longer run, and I'm sure it will rally more as soon as the platform launches. However, fundamentals such as a delay of the platform release or negative events in the wider cryptosphere can affect price in the coming months. Also keep in mind that the succes of ICONOMI depends on the succes of cryptocurrencies, so if the cryptomarket goes into a bearish decline - which means less profit on ICONOMI's Digital Asset Arrays - this will definetely increase bearish pressure on the value of ICN. Overall, if you think BTC and cryptocurrencies have utility and are here to stay for the longer term, I think it's good to have ICN as part of your portfolio, or eventually use the platform to invest in a managed array of crypto. Do your due diligence, and don't get distracted by short term technicals on this coin.
ICNXBT 0.001193 Bitcoins until August 23Would correspond to 3.33 USD with current Bitcoin valuation.
and 0.001723 Bitcoins until 2018 January, which would correspond to 5,6USD with current bitcoin valuation.
ICN buys a basket of crypto currencies with the Money and I think it ll grow nicely..
ICN (kraken) Long Buy - IconomiAltcoins are in a bull run.
Here we already see its broke out in this ICN technical play. I think we have an undervalued coin.
I always stop when the candle prints under or above my zones, not in them. Why? Because the volatility (variance from the trend) is insane and I don't want to stop out of a good trade.
ICN 20 and 200 MA about to touch, should make a move up soonBeen watching ICN for a while and it's broken the 20 day MA and the 200 day MA is about to be crossed...should be an interesting move up from here onwards
ICN Moon?If not now, then most likely later when more progress is shown. Reddit ama on may 4.
Is 6.66 risk/reward good or bad?
Thoughts on ICN - My First IdeaI personally think ICN can, once the platform is up and running, become very big. The dev team does not communicate very much, and in combination with an uncertain and later than expected public release date this could have driven the price down. Moreover it is only tradable on one big exchange.
Target 1 is based on the expectation of a similar timeframe as in the previous pattern, however I think that target 2 is more realistic.
This is my first idea here, I am by all means inexperienced but I though this was an interesting pattern and I'd love to hear some opinions, also since I haven't seen much on ICN lately.
ICN Buyback programToday the iconomi team announced rebuy program.
All of the revenue from Iconomi platform and ICNP will be going towards buying ICN and burning it. (as long as team can pay expenses using money raised in ico for 5+ years)
If the market cap remained constant, then the price per ICN would increase as the supply deflates
medium.com
Also this solves the problem that ICN can not be listed on some exchanges because it is was "security"
Iconomi / ICNXBTThe fomo is hard.
The whales is hard.
The insiders are smart.
50/50 deal: scenario of sucess can drive icn to Mars.
scenario of fall: The higher it rises the harder the fall.
Febuary 9 meeting.
Release will be before or after.
