Finally ICON started to grow! I had buy orders at 0.17USD price, the bottom was 0.18USD what a big mistake. Now price skyrocketed to 0.3USD and that is not all, there is a possibility that ICON will grow more, tradingview is very positive: https://www.tradingview.com/ideas/icon/.
The growth of any altcoin will depend on the fundamental of its market. Even the POS system will not give you a guarantee if there will be a lot of people interested to keep and stake them all to get the interest from the blockchain dude. I were missing the bottom too. 
Topic: ICON what happened? - page 2. (Read 361 times)
Finally ICON started to grow! I had buy orders at 0.17USD price, the bottom was 0.18USD what a big mistake. Now price skyrocketed to 0.3USD and that is not all, there is a possibility that ICON will grow more, tradingview is very positive: https://www.tradingview.com/ideas/icon/.
The problem with coins that have a high stake value is that people dump their profits which keeps the prices low. Also, ICON is not as good as NEO so that pushes them further down the list
It is not good at bear market, but the situation will change as soon as market sentiment changes. In bull market people love free coins 
.
The problem with coins that have a high stake value is that people dump their profits which keeps the prices low. Also, ICON is not as good as NEO so that pushes them further down the list
The staking reward is crazy, 12% per month not even per year. One of the main ting that helped Waves tokens is the low reward given out for those staking their coins which help to reduce the inflation rate. ICON was one of the most hyped ICO in 2017, a direct competitor to Ethereum and two years later no real Dapps is running on the platform, until all these platforms start having real users and applications they would end up in Zero value
ICON would like to connect all the blockchains. They are not really interested in creating own Dapps, there are many better platforms for it - EOS, TRON, Ethereum. Or I am wrong? I know about the cooperation with the government and I think that is the most important thing on this project. 
The staking reward is crazy, 12% per month not even per year. One of the main ting that helped Waves tokens is the low reward given out for those staking their coins which help to reduce the inflation rate. ICON was one of the most hyped ICO in 2017, a direct competitor to Ethereum and two years later no real Dapps is running on the platform, until all these platforms start having real users and applications they would end up in Zero value
simply because it is useless!
any coin or token that has no use cases is eventually going to end up in the same place as the other couple of thousand altcoins that have come along and died in a short time.
if that is not enough then your own statement should do it:
no usage=no demand + high circulating supply + free high profit percentage => declining price
And what about PundiX? They are airdroping tokens every month and if you calculate the yearly ROI is around 30%!any coin or token that has no use cases is eventually going to end up in the same place as the other couple of thousand altcoins that have come along and died in a short time.
if that is not enough then your own statement should do it:
ICON still gives 12% monthly by staking it,
any coin that gives this much away creates a lot of circulating supply that people gained easily and they will obviously dump. it is a pretty simply supply and demand thing!no usage=no demand + high circulating supply + free high profit percentage => declining price
As I said, I know that we are in bear market, but look at the grap, there is a line - it seems that the project is dead.
The flat line is not bad at all. It could be like a ski trace
PundiX ROI was over 90% for 2018 with ~7.12% monthly while they changed the distribution rules few times. The airdrop percentage dropped significantly for 2019 and they also failed big with POS devices delivery schedule and desires for new ICO. This is what ruined PundiX price. Same with ICX.
. simply because it is useless!
any coin or token that has no use cases is eventually going to end up in the same place as the other couple of thousand altcoins that have come along and died in a short time.
if that is not enough then your own statement should do it:
no usage=no demand + high circulating supply + free high profit percentage => declining price
And what about PundiX? They are airdroping tokens every month and if you calculate the yearly ROI is around 30%!any coin or token that has no use cases is eventually going to end up in the same place as the other couple of thousand altcoins that have come along and died in a short time.
if that is not enough then your own statement should do it:
ICON still gives 12% monthly by staking it,
any coin that gives this much away creates a lot of circulating supply that people gained easily and they will obviously dump. it is a pretty simply supply and demand thing!no usage=no demand + high circulating supply + free high profit percentage => declining price
As I said, I know that we are in bear market, but look at the grap, there is a line - it seems that the project is dead.
it is nowhere near 30%. it is more like 6 or 7 percent profit not considering the price drops and we are talking about an extremely low value coin so when it drops from 13 satoshi to 12 satoshi that is a 1 satoshi drop but you lose 7.7% of your investment. and that is for early days.
this month the people are saying on their Reddit sub that the amount is decreased to less than 2% which is even lower than what i said above!
but my point stands. useless coins decline. when they give away big amounts they hasten their doom.
simply because it is useless!
any coin or token that has no use cases is eventually going to end up in the same place as the other couple of thousand altcoins that have come along and died in a short time.
if that is not enough then your own statement should do it:
no usage=no demand + high circulating supply + free high profit percentage => declining price
And what about PundiX? They are airdroping tokens every month and if you calculate the yearly ROI is around 30%!any coin or token that has no use cases is eventually going to end up in the same place as the other couple of thousand altcoins that have come along and died in a short time.
if that is not enough then your own statement should do it:
ICON still gives 12% monthly by staking it,
any coin that gives this much away creates a lot of circulating supply that people gained easily and they will obviously dump. it is a pretty simply supply and demand thing!no usage=no demand + high circulating supply + free high profit percentage => declining price
As I said, I know that we are in bear market, but look at the grap, there is a line - it seems that the project is dead.
The flat line is not bad at all. It could be like a ski trace
PundiX ROI was over 90% for 2018 with ~7.12% monthly while they changed the distribution rules few times. The airdrop percentage dropped significantly for 2019 and they also failed big with POS devices delivery schedule and desires for new ICO. This is what ruined PundiX price. Same with ICX.
simply because it is useless!
any coin or token that has no use cases is eventually going to end up in the same place as the other couple of thousand altcoins that have come along and died in a short time.
if that is not enough then your own statement should do it:
no usage=no demand + high circulating supply + free high profit percentage => declining price
And what about PundiX? They are airdroping tokens every month and if you calculate the yearly ROI is around 30%!any coin or token that has no use cases is eventually going to end up in the same place as the other couple of thousand altcoins that have come along and died in a short time.
if that is not enough then your own statement should do it:
ICON still gives 12% monthly by staking it,
any coin that gives this much away creates a lot of circulating supply that people gained easily and they will obviously dump. it is a pretty simply supply and demand thing!no usage=no demand + high circulating supply + free high profit percentage => declining price
As I said, I know that we are in bear market, but look at the grap, there is a line - it seems that the project is dead.
What happened to ICON? It seems that this project is dead if you look at graph. ICON still gives 12% monthly by staking it, so do not understand why so many people sold ICON. I know that we are in bear market, but ICON lost more than other altcoins.
This is typical graph of a coin held ICO before the big price fall of last year. If you notice, the ICON-Bitcoin price is just 10% from 30 Oct 2017.
Nothing happens to ICON, just the Bitcoin price is x7 lower and price of alts are heavily correlated to Bitcoin.
simply because it is useless!
any coin or token that has no use cases is eventually going to end up in the same place as the other couple of thousand altcoins that have come along and died in a short time.
if that is not enough then your own statement should do it:
no usage=no demand + high circulating supply + free high profit percentage => declining price
any coin or token that has no use cases is eventually going to end up in the same place as the other couple of thousand altcoins that have come along and died in a short time.
if that is not enough then your own statement should do it:
ICON still gives 12% monthly by staking it,
any coin that gives this much away creates a lot of circulating supply that people gained easily and they will obviously dump. it is a pretty simply supply and demand thing!no usage=no demand + high circulating supply + free high profit percentage => declining price
You can find hundreds of such graphs. Some projects work, give passive income to the owners. However, the vast majority looks like this.
Even the holders of passive income assets do not go for reinvestment, and in combination with a lack of interest...
Even the holders of passive income assets do not go for reinvestment, and in combination with a lack of interest...
What happened to ICON? It seems that this project is dead if you look at graph. ICON still gives 12% monthly by staking it, so do not understand why so many people sold ICON. I know that we are in bear market, but ICON lost more than other altcoins.
Jump to: