And we are back to 0.0003 level even btc pump. Interesting...
yes its back. yesterday i wanted to get out and buy back when it hit below 25k but changed my mind because the rest had already dumped. so i just hold. seeing how it jump back to 30k in a single day is pretty interesting. none of the coins i've followed before has done this.
If BTC reaches more than 1500 $ iconomi will go lower
if that happen everything will go lower...
No, if BTC (in USD) goes up, ICONOMI (in USD) should go UP.
ICONOMI profits come from crypto assets of the funds in the platform. As long as BTC IMO will be the biggest porcentage of the funds assets in the plaform, then the profits will allmost be referenced to BTC.
Just imagine:
2017
1 BTC = 1000 USD
TOTAL ASSETS IN FUNDS IN THE ICONOMI PLATFORM = 200,000 BTC = 200,000,000 USD.
PROFITS = 1% IN FEES FROM THE ASSETS = 2,000 BTC = 2,000,000 USD
AND IMAGINE THE PRICE OF 1 ICN TOKEN = 0.001 BTC = 1 USD
2018
1 BTC = 3000 USD
TOTAL ASSETS IN FUNDS IN THE ICONOMI PLATFORM = 200,000 BTC = 600,000,000 USD.
PROFITS = 1% IN FEES FROM THE ASSETS = 2,000 BTC = 6,000,000 USD
THEN THE PRICE OF 1 ICN TOKEN SHOULD BE THE SAME VALUE IN BTC AND TRIPLE IN USD= 0.001 BTC = 3 USD
So one of the best things about investing in ICONOMI is that the value of the token (in USD) increases with the value (IN USD) of the assets of the funds in the platform, even though the total assets managed (in crypto coin) do not increase!
So if both the total assets in the funds (in crypto coins) and the value (in USD) of the cryptocoins increase... then you obtain a GEOMETRIC increase in the price of an ICN token (in USD)
I leave up to you to do your numbers while I buy some ICNs more under the 30ks ;-)