Topic: ICONOMI - Live for today. Invest for tomorrow. - page 59. (Read 583522 times)

Price is falling again. Didn't understand why it was suddenly rising. Could go back to 1 dollar...

Im still waiting 5/6$ per Icn but Maybe its a dream this year , may 2018.....

The most important best news for ICONOMI is that the projects that are in the foundation's project showed very good results.

I also hold this coin for long term investment and will buy back if the price down significant, to aim to get more profits. Maybe in next year there is a great news coming in this project

ICN is a great platform.
I hold ICN for long term

Two Pinta investments are doing great at the moment. Santiment and Wetrust are both rising high. Next year will be awesome for Pinta in my opinion because many of the investments from this year will finish development and mature into high end projects which will give millions of dollars for buybacks. 2018 will be huge for ICN

Finally some increase in price. Fair enough.

I am in the process of examining a few PM's I got and dealing with a few prospective candidates.  As for escrow that will be easy, I will just pick one of the top trusted escrower here on BCT.

When the deal has been executed I will not be posting details of the deal here, how much I purchased, or who was the seller, or what is my public key(s).  These details shall remain private.  EDIT: But what I will add is that I will not be dumping these ICN's on the open market, I shall hold them for a minimum of 3 years, I will take the private key of this wallet and will place it in some sort of time-frame capsule/safe or even a software that will obligate me to wait for the 3 years terms to expire before I can access the contents and thus be able to retrieve the private keys for the ethereum wallet. 

At the moment I have been "penny pinching" a few ICN's through liqui.io but volume there is very low, so I am keeing it strictly a small limit order at a time, when my limit order executes fully then right away I place another small buy order.  Placing one huge order to buy approx 800,000+ ICN's in the order book would be counter-productive that would just serve to exponentially increase the price as the other whales would see my desperation in the order book and pull their sell orders or move them way too up to see I would do a market buy.  So I am doing both, penny pinching at liqui.io and planning on doing the OTC deal.

EDIT: But what I will add is that I will not be dumping these ICN's on the open market, I shall hold them for a minimum of 3 years, I will take the private key of this wallet and will place it in some sort of time-frame capsule/safe or even a software that will obligate me to wait for the 3 years terms to expire before I can access the contents and thus be able to retrieve the private keys for the ethereum wallet. 

PS: I might even purchase more ICN's using real money to add more to my collection so I might end up getting more than 1 million ICN's in the future to far future. 

Heh fair point. He never got back, so I guess he has no real intention of following through. I've seen some large and successful trades done here OTC in the past, so still a hope it might continue for some newer coins

Hi,

I didn't know the C20 token, but from what you say I already see a big difference:
-The entry fee is much higher for C20 (roughly 23% vs 0% for BLX)

This should help you to answer to your question ^^

Sure, I agree with your points, and of course I do value the convenience and ease to own a DAA rather than invest in the underlying assets myself. So I guess the risk is the price you have to pay for the convenience.


Since you seem to be very knowledgeable on ICONOMI, may I ask you (or any other user here who has an opinion) another question on a related yet different topic:

I am trying to understand the real (!) difference between a DAA like BLX and the C20 token from Crypto20. I understand for instance:

• Crypto20 tokens are limited to the ones distributed during their ICO
• Management fee is higher for most DAAs (BLX for instance 3% vs. C20 0,5%)
• No exit fee at C20 (as opposed to 0,5% for BLX)
• The entry fee is much higher for C20 (roughly 23% vs 0% for BLX)
• The underlying assets are a bit different of course

However, the end results seems to be very similar - I get to own a diverse portfolio of assets by owning just one token. Is any one of these significantly better than the other, or does it come down to preference and my trust in either platform?

The Iconomi platform had nothing to do with the hack, it was money from the company that was held in a smart contract. Exactly what you would do if the system would be decentralized. You could even argue that if they had not used a decentralized solution (parity) and a centralized cold wallet instead, it would have been way more secure.

I understand the "crypto 101" argument, but decentralization isn´t the holy grale of everything especially while the crypto world is in early stages of development and things like locking up your money accidentally is possible.

That's what I thought/ feared, thanks for clarifying this :-(

They were for instance affected by the recent Parity hack - and only saved because a white Hat hacker saved them, else they would have lost 13 million dollar. This goes against basic cryptocurrency 101 to have full control over your own coins and not to entrust a third party...

The real value for this coin i think over $10. I hope this rising of this coin will not only temporary, so ICN price can back to over $4 like some month ago. I still hold this coin for long term investment

The idea behind fund tokens is just to make them tradeable on exchanges. Securitywise you have to rely on their insured multi-layer cold wallet architecture. Storing fund tokens in your own wallet doesn´t make any sense. So your asumption is correct

You really take him for granted, tho? Those times where you have to come to BTT to make OTC deals are long gone.

I am wondering what is the reason for recent icn rise?is it going up because of increasing eth?

I am trying to get my head around the following: When I buy the BLX token on the ICONOMI platform I can then transfer them to my own MEW. So all good, I control the BLX token. But the actual, underlying coins (BTC, ETH, BCC etc) that BLX then buys on my behalf remain with ICONOMI. Correct so far?

So my question is: If - for whatever reason - there is a problem with ICOMINI (hack, dev run-off, fake news, legal etc) and the platform shuts down, I will not be able to sell my BLX back to them and my entire investment will be lost. Yes, BLX are being traded on an exchange, but that wont help in this case at all, as the BLX token is really only a promise that ICONOMI will buy back your tokens and then give you BTC or ETH for it. And if ICONOMI cannot or will not be able to buy my BLX back, the BLX token is literally worthless.

Is that correct or am I missing something here?

Binance. Good luck.