ICP - Good investment? - page 2. | Bitcointalksearch.org

JamesDaniel90

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Quote from: Godday on April 26, 2023, 06:40:32 AM

Expecting $5 to become $400 in the near future is impossible. That's almost impossible to happen. Right now I think $10-$50 is better make sense. Currently I no longer invest in $ICP but I used to be a $ICP investor and I made a lot of profit there. But to be honest for now I choose not to invest in ICP.

I agree it is a long shot but is possible - $400 price would give it a $170billion market cap which will be a pretty average market cap in the 2028/29 bull run.

As I have already said though i will be happy with $50 price next bull run which would give me a 10x return.

Godday

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Expecting $5 to become $400 in the near future is impossible. That's almost impossible to happen. Right now I think $10-$50 is better make sense. Currently I no longer invest in $ICP but I used to be a $ICP investor and I made a lot of profit there. But to be honest for now I choose not to invest in ICP.

JamesDaniel90

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I am going to DCA until I have 50 and just hold till next bull run - will be happy if it does a 10x from current price and if it does will put all profits into Bitcoin.

Freddie Boyer

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I think that investing in the world of money market is free and if you choose ICP as an example I think it is a promising project, but it is important to consider the risks before investing especially the current price decline often makes us dizzy and must be taken into account. I don't think anyone can predict the future yet, but if you see a potential 20x return that would be very interesting. So, my advice is to do further research, including understanding technology, adoption, and the community for the project you want to invest in, don't let it end in vain.

podluznyj

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Quote from: jossiel on April 20, 2023, 05:35:03 PM

All is speculation.

We get to see these altcoins including ICP that has made ATH and is now down and far from that peak price that it has got.

Quote from: JamesDaniel90 on April 20, 2023, 05:10:27 AM

I am not sure if it will get back anywhere near its all time high again but if it was to only get back to £100 that is a 20x from current price.

We're all have the same opinion regards to this. We will never know if it will be back again at the top but as you're researching if it's a good to coin to invest.

You'll find it out if it's a good coin to hold while it's low. Economically, we buy low and sell high but choice do matter if ICP is worth it or not based on the results of your research.

But then if we follow the trend of alts, many of them stays where they are currently after hitting all time highs.

in my opinion, the crypto-internet computer has a future. as we said earlier, there was a significant price increase in the days after the launch of the ICP, this indicates that the ICP has convinced many investors. That is why it is among the top 10 promising cryptocurrencies in 2021. Thus, we can tell you that the ICP cryptocurrency has a bright future.

hd49728

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Quote from: GreatArkansas on April 20, 2023, 09:25:37 PM

From 3 digits to 1 digit.
Since the all-time high of this altcoin, it was already dropped almost 90% from its all-time high.
I remember this before, pure hype, a lot of people talking about this and on the other side, there are a lot of people bashing this altcoin.
The risk:reward ratio of this altcoin is good if you want to make profits.

This story reminds me about another similar altcoin story, CHIA coin XCH.
https://coinmarketcap.com/currencies/chia-network/

I remembered many people invested into mining equipments even there were no mining pools back in early days of CHIA network. It costs a lot of time to plot and start to mine this coin but without mining pools, a single small miner will gain nothing from spent cost for equipment, electricity, etc.

At least it holds its price better than ICP.

GreatArkansas

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From 3 digits to 1 digit.
Since the all-time high of this altcoin, it was already dropped almost 90% from its all-time high.
I remember this before, pure hype, a lot of people talking about this and on the other side, there are a lot of people bashing this altcoin.
The risk:reward ratio of this altcoin is good if you want to make profits.

poodle63

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It's not even worth to expect this to go to the high in long term. The supply is very big right now and it's almost all of coins were in circulating supply. it's like that getting doubled or tripled gonna be the best rate that can be achieved by ICP. I think that with 500 millions coins in the market and it's impossible for ICP to reach one hundred bucks again for each coin. This coin is a useless coin.

jossiel

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All is speculation.

We get to see these altcoins including ICP that has made ATH and is now down and far from that peak price that it has got.

Quote from: JamesDaniel90 on April 20, 2023, 05:10:27 AM

I am not sure if it will get back anywhere near its all time high again but if it was to only get back to £100 that is a 20x from current price.

We're all have the same opinion regards to this. We will never know if it will be back again at the top but as you're researching if it's a good to coin to invest.

You'll find it out if it's a good coin to hold while it's low. Economically, we buy low and sell high but choice do matter if ICP is worth it or not based on the results of your research.

But then if we follow the trend of alts, many of them stays where they are currently after hitting all time highs.

tvplus006

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Quote from: JamesDaniel90 on April 20, 2023, 05:10:27 AM

...I am not sure if it will get back anywhere near its all time high again but if it was to only get back to £100 that is a 20x from current price...

Most altcoins have lost about 95% in their value since the last bull market, and ICP is no exception. And I am skeptical that they will restore their value to the level of the past ATH. But if we take more modest goals, then we can assume that in the next bull market, the value of ICP will be able to increase to x20.

umbara ardian

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Quote from: JamesDaniel90 on April 20, 2023, 05:10:27 AM

ICP reached an all time high of almost £450 in May 2021 but is currently trading at £5.

I understand we are in a bear market but this is a massive drop and wondering if it is worth an investment.

I am not sure if it will get back anywhere near its all time high again but if it was to only get back to £100 that is a 20x from current price.

Is anyone invested or know anything about ICP and if its worth it?

If I remember correctly, after the coin was listed on the BINANCE floor, its value continuously decreased from the peak of $ 450, and now its price level is around $ 5 or $6. Is it worth investing in a coin that was once in the top 10 but whose value has dropped by nearly 100 times? Above all, this coin has been entangled in drama with suspected signs of breaking the law (due to being deceived on the island due to ICP dumping), and I found that their developers also did not keep their promises, implementing what they said. Instead of choosing it, you can look at some of the new projects that came out this year because they are much better than ICP.

fvb

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In my humble opinion, this is usually a surge and the price will never return to what it was. Only bitcoin can do this.

o48o

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Quote from: @sriyan on April 20, 2023, 08:44:55 AM

-cut-
ICP has a good use case.
-cut-

What's that? Because to me it seems that it claims to have all the use cases. It's all over the place without a focus, and that makes me think that devs themselves didn't even know what they want to build. And i really don't think that general all-purpose blockchain is a good idea. I rather see a focus in a problem it solves.

As an investment, i can't say if it's a profitable or not. I guess that depends on the fact that if i am wrong or not. As a disclaimer: i was wrong about eth when it was still $12

pakhitheboss

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Nope! Stay away from it and do not look into the amount of $400. This project was always over hyped. It is still not suitable for anyone to invest unless the team delivers what the promised.

I won't recommend it. Back in those days after BTC has a promising high than a shot low, this project came up. Since then their is zero development as this project is too old for 2023. Considering the amount of new projects have come up that are far better than ICP.

@sriyan

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Quote from: JamesDaniel90 on April 20, 2023, 05:10:27 AM

ICP reached an all time high of almost £450 in May 2021 but is currently trading at £5.

I understand we are in a bear market but this is a massive drop and wondering if it is worth an investment.

I am not sure if it will get back anywhere near its all time high again but if it was to only get back to £100 that is a 20x from current price.

Is anyone invested or know anything about ICP and if its worth it?

ICP has a good use case. But the problem is the rate of ICP ecosystem development less than the other ecosystems. So most users do not invest it in anymore unless they will announced the airdrop.

posi

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I will call ICP shitcoin, and it is no different like EOS, investing in ICP is just a waste of our time and money. Sincere advice, if you are considering investing in altcoins other than ETH or BNB, then it's best not to reinvest in old altcoins. Find yourself new and more potential altcoins. The altcoin market is a constant replacement market after each bear season, and I also believe that new projects will replace the top altcoins in 2021 in the next bull season.

MAAManda

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Quote from: JamesDaniel90 on April 20, 2023, 06:20:10 AM

I have solid plays like those you mention above already , looking for a more risky play that could see better returns.

Then why not invest in degen? investing in degen tokens can provide profits that even exceed your expectations but with a note that your investment will be very risky and you can even experience rugpull. If I were you, I would increase the accumulation of coins or tokens that have stronger fundamentals, such as assets that are in the top 15 of CMC.

Jackl87

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Quote from: JamesDaniel90 on April 20, 2023, 05:10:27 AM

ICP reached an all time high of almost £450 in May 2021 but is currently trading at £5.
I understand we are in a bear market but this is a massive drop and wondering if it is worth an investment.
I am not sure if it will get back anywhere near its all time high again but if it was to only get back to £100 that is a 20x from current price.
Is anyone invested or know anything about ICP and if its worth it?

If i remember correctly, then ICP had a very successful investment round in which they have raised 195 million $. Then they also did a pretty big airdrop bag then. I also got a few (i think 28 or something like that), ICP from that airdrop. So it is definitely a big project that still should have more than enough financial reserves to keep developing for many years even if we are in a bear market for a few years longer.
If you buy a few ICP now and hold it for some time, then i think you can definitely make a profit with it. I don't know though if ICP will be able to outperform the market as a whole. Like i said, they had a very successful seed sale so those very big investors are holding a huge amount of tokens and if a certain price level is reached i think they will sell off a part of their holdings.

hd49728

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Quote from: JamesDaniel90 on April 20, 2023, 05:10:27 AM

ICP reached an all time high of almost £450 in May 2021 but is currently trading at £5.

I am not sure if it will get back anywhere near its all time high again but if it was to only get back to £100 that is a 20x from current price.

It looks attractive but it is safer if you wait till before Bitcoin halving in 2024 to start buying altcoins like ICP. During a bear market, many bad things can happen and you can not control. In bull market, it is safer to buy altcoins.

Don't chase for x100 profit from $5 as your entry price. You can wait till 2024 and buy ICP around $10 or even higher but it is safer and you can expect profit like x3 x5. Honestly, when you chase for x100 profit, you will probably take big risk.

JamesDaniel90

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Quote from: MAAManda on April 20, 2023, 06:04:05 AM

Quote from: JamesDaniel90 on April 20, 2023, 05:10:27 AM

Is anyone invested or know anything about ICP and if its worth it?

I don't invest in $ICP, don't know much about it and don't know if it's worth investing or not. But considering that the halving is just around the corner, wouldn't it be better if you invest in Bitcoin or another major altcoins like Ethereum, BNB, Cardano or Avalanche? Come on, mate. Don't spend your money or time investing in something that only relies on hype.

I have solid plays like those you mention above already , looking for a more risky play that could see better returns.

Topic: ICP - Good investment? - page 2. (Read 302 times)