ICP (Internet Computer) | Bitcointalksearch.org

Jackl87

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Activity: 1722

Merit: 269

Quote from: Bonenx14 on September 24, 2021, 03:24:16 AM

Quote from: ?? on ??

The technology behind ICP has enormous potential & it's sad when a good project is destroyed by greed.

ICP will not be easy to destroy because in general ICP has been built very well and also to the maximum so that its strength and potential in the market will be very well maintained and can be very good if everyone wants to have it in current conditions.

A reason why the price is now down a lot compared to the ATH back when it was unlocked the first time is that they had a very big airdrop campaing back in 2018 or so, where thousands of people were able to claim 119 ICP or 28 ICP (i also got 28 ICP) and those are unlocking now every month. This creates a lot of sell pressure of course if ten thousands of airdrop receivers are dumping their tokens every months, but i am pretty sure that the price of ICP will start to climb again once the unlock of the airdrop is finished and therefore the huge sell pressure is gone. I personally haven't sold a single one of my ICP as i think the project has great potential.

Bonenx14

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Quote from: ?? on ??

The technology behind ICP has enormous potential & it's sad when a good project is destroyed by greed.

ICP will not be easy to destroy because in general ICP has been built very well and also to the maximum so that its strength and potential in the market will be very well maintained and can be very good if everyone wants to have it in current conditions.

icpReboot

newbie

Activity: 17

Merit: 0

Quote from: poodle63 on June 11, 2021, 12:55:43 AM

Quote from: bluebit25 on June 10, 2021, 09:34:33 PM

Quote from: Sithara007 on June 09, 2021, 11:06:39 PM

Quote from: bluebit25 on June 09, 2021, 09:39:09 PM

I also really like this project, and honestly the current price is also a price that I don't think is too high, for me the project will have the ability to bring more things in the future, so the issue of price will be changed soon.

The price was too high when they got listed. The market cap at that time was >$50 billion. And this gave an impression that this coin was another overpriced and overhyped project from developers who just wanted to get rich. Now it will be very difficult to convince the users to invest in this project again. I don't understand the mentality from the promoters. I agree that the project represents a really good idea. But at this point, going for a valuation of $50 billion is a bit too much.

I don't deny the issue, when it was listed it was easily exaggerated compared to the value it represented in the market. And what we're seeing with this coin is its massive drop since its own ATH, but it doesn't matter much I think if they do well then cap in what I believe they deserve it will only stop at <$20b

I see ICP as more of the same case with any IEO coin that instantly got listed in some big exchange, it reaches some ridiculous fee and then tank.
as I've seen ICP was really hyped so much that the price could reach as high as $800 and I was almost get fomo'd thinking it could hits $1000 trying to make an
entry at around $500m though I stopped since the market at early stage of listing is really volatile and than proves me right, though the current price I think it's undervalued.
Maybe I will also try to accumulate some but the thing I was most afraid was the same as you, the market cap grows so fast it's actually feels dangerous.

Agree. ICP had enormous potential with all the promising tech innovations it aims to promote. Sadly, Dfinity didn't know how to value its potential and real utilization.

And we really can't blame people for thinking ICP is a scam coin now when the leads and insiders from Dfinity tainted its name the same way. People hate ICP because its project leads, Dfinity, are thieves. They let greed & mismanagement take over. Its Coinbase listing was turned into a rug pull by the developers. That's why we created #ICPR to bring justice to the ICP community and #ICP itself. https://np.reddit.com/r/icpReboot/

Atom33

newbie

Activity: 26

Merit: 0

Can anyone enlighten me on the token lock periods. I can't find anything about who will be able to sell when. This is from Coinmarketcap:

Early contributors: 9.50%
Seed donations: 24.72%
Strategic: 7.00%
Presale: 4.96%
Strategic partnerships: 3.79%
Community airdrop: 0.80%
Initial community and developer grants: 0.48%
Node operators: 0.22%
Internet Computer Association: 4.26%
Team members: 18.00%
Advisors and other third-party token holders: 2.40%
DFINITY Foundation: 23.86%

If someone can put a date in front of each row?

Also, one more thing, the inflation of the token appears to be 2.9% 07/05 - 24/06/21 which seems high, they are saying they aim for 10% a year, and we are already looking at 23% annual inflation. I am doing all this research because I bought a bit less than 10 coins and I see no light in the tunnel so far.

pakhitheboss

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Quote from: Sithara007 on June 11, 2021, 11:32:44 PM

Quote from: poodle63 on June 11, 2021, 12:55:43 AM

I see ICP as more of the same case with any IEO coin that instantly got listed in some big exchange, it reaches some ridiculous fee and then tank.
as I've seen ICP was really hyped so much that the price could reach as high as $800 and I was almost get fomo'd thinking it could hits $1000 trying to make an
entry at around $500m though I stopped since the market at early stage of listing is really volatile and than proves me right, though the current price I think it's undervalued.
Maybe I will also try to accumulate some but the thing I was most afraid was the same as you, the market cap grows so fast it's actually feels dangerous.

It is clear that the promoters were not interested in long term growth of the project. The price was kept extremely high (at least by a factor of 10x). There was a lot of dumping going on, right from the beginning (and looking at the trade data, I don't think that a majority of this came form the airdrop recipients). What we saw in ICP is very similar to the case with some of the other previous projects. The promoters came up with a very innovative idea, create a lot of hype and thereby pump the prices. When the prices are at peak, they will dump their tokens and make the exit. Those who purchased the tokens at peak levels will be now stuck with them, as the development will never kick off. The promoters have received a lot of money and they will be no longer interested in this project.

Development is still going on I won't say that they are not working on the product. This is not an easy project by the way, what they are trying to create will change the way cloud computing works. Creating a decentralized infrastructure on already established centralized infra takes time. If they are successful this token will pump a lot. The key is to be patient and HODL.

asriloni

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Quote from: Hairynipples on June 11, 2021, 09:34:19 PM

I made the mistake of buying 1 ICP at around $400 AUD but I've been buying more as the price tanked and just bought more today.

that doesn't seem to be a good decision to load more and more ICP. the real dump is not yet happening and ICP goes down even faster than what already predicted by people. The price for each ICP must worth 1 digit and two digits are still overvalued at this moment dude. I think that you must have stopped to load more and more ICP.
People are getting their ICP from the airdrop and early buyers will be dumping their ICP to you. Think about this dude.

Sithara007

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Activity: 3346

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Quote from: poodle63 on June 11, 2021, 12:55:43 AM

I see ICP as more of the same case with any IEO coin that instantly got listed in some big exchange, it reaches some ridiculous fee and then tank.
as I've seen ICP was really hyped so much that the price could reach as high as $800 and I was almost get fomo'd thinking it could hits $1000 trying to make an
entry at around $500m though I stopped since the market at early stage of listing is really volatile and than proves me right, though the current price I think it's undervalued.
Maybe I will also try to accumulate some but the thing I was most afraid was the same as you, the market cap grows so fast it's actually feels dangerous.

It is clear that the promoters were not interested in long term growth of the project. The price was kept extremely high (at least by a factor of 10x). There was a lot of dumping going on, right from the beginning (and looking at the trade data, I don't think that a majority of this came form the airdrop recipients). What we saw in ICP is very similar to the case with some of the other previous projects. The promoters came up with a very innovative idea, create a lot of hype and thereby pump the prices. When the prices are at peak, they will dump their tokens and make the exit. Those who purchased the tokens at peak levels will be now stuck with them, as the development will never kick off. The promoters have received a lot of money and they will be no longer interested in this project.

Hairynipples

jr. member

Activity: 362

Merit: 7

Quote from: bluebit25 on June 11, 2021, 08:59:50 PM

Quote from: ?? on ??

it seems that this trend will continue if the team does not deliver a product and a utility for their coin, I hope this will happen soon because the hype was so much on the occasion of the multiexchange listing.

I think it's not ICP's problem, they are still doing all they can to bring the project to the forefront and scale more. If the bad signals persist, I think this is also a good opportunity to buy it cheaply.

I made the mistake of buying 1 ICP at around $400 AUD but I've been buying more as the price tanked and just bought more today.

I think the project has great potential and I'm looking at as a long term hold

bluebit25

sr. member

Activity: 1708

Merit: 295

https://bitlist.co

Quote from: ?? on ??

it seems that this trend will continue if the team does not deliver a product and a utility for their coin, I hope this will happen soon because the hype was so much on the occasion of the multiexchange listing.

I think it's not ICP's problem, they are still doing all they can to bring the project to the forefront and scale more. If the bad signals persist, I think this is also a good opportunity to buy it cheaply.

poodle63

hero member

Activity: 2702

Merit: 510

Leading Crypto Sports Betting & Casino Platform

Quote from: bluebit25 on June 10, 2021, 09:34:33 PM

Quote from: Sithara007 on June 09, 2021, 11:06:39 PM

Quote from: bluebit25 on June 09, 2021, 09:39:09 PM

I also really like this project, and honestly the current price is also a price that I don't think is too high, for me the project will have the ability to bring more things in the future, so the issue of price will be changed soon.

The price was too high when they got listed. The market cap at that time was >$50 billion. And this gave an impression that this coin was another overpriced and overhyped project from developers who just wanted to get rich. Now it will be very difficult to convince the users to invest in this project again. I don't understand the mentality from the promoters. I agree that the project represents a really good idea. But at this point, going for a valuation of $50 billion is a bit too much.

I don't deny the issue, when it was listed it was easily exaggerated compared to the value it represented in the market. And what we're seeing with this coin is its massive drop since its own ATH, but it doesn't matter much I think if they do well then cap in what I believe they deserve it will only stop at <$20b

I see ICP as more of the same case with any IEO coin that instantly got listed in some big exchange, it reaches some ridiculous fee and then tank.
as I've seen ICP was really hyped so much that the price could reach as high as $800 and I was almost get fomo'd thinking it could hits $1000 trying to make an
entry at around $500m though I stopped since the market at early stage of listing is really volatile and than proves me right, though the current price I think it's undervalued.
Maybe I will also try to accumulate some but the thing I was most afraid was the same as you, the market cap grows so fast it's actually feels dangerous.

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

Quote from: Sithara007 on June 10, 2021, 11:56:47 PM

Quote from: bluebit25 on June 10, 2021, 09:34:33 PM

I don't deny the issue, when it was listed it was easily exaggerated compared to the value it represented in the market. And what we're seeing with this coin is its massive drop since its own ATH, but it doesn't matter much I think if they do well then cap in what I believe they deserve it will only stop at <$20b

The current valuation stands at $8.9 billion as per coinmarketcap. And the trend remains overwhelmingly negative. Those who invested in the early stages (when the price was around $500 are stating at massive losses). Anyway, I like the idea behind this project. If they can overcome the initial chaos, then there is a chance that it will once again get included in the top-10 list. BTW, does anyone know how much of the circulating supply is currently being owned by the promoters of this project (they list more than 200 promoters in their website)?

From $500 to $70 as of today, the loss is significant. If these guys are able to deliver what they promised then the price might go beyond $500. At the moment the hype is still there and people are still buying it. I think most of the sellers are those who have received airdrop and for the next 10 month, they will be receiving tokens.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: bluebit25 on June 10, 2021, 09:34:33 PM

I don't deny the issue, when it was listed it was easily exaggerated compared to the value it represented in the market. And what we're seeing with this coin is its massive drop since its own ATH, but it doesn't matter much I think if they do well then cap in what I believe they deserve it will only stop at <$20b

The current valuation stands at $8.9 billion as per coinmarketcap. And the trend remains overwhelmingly negative. Those who invested in the early stages (when the price was around $500 are stating at massive losses). Anyway, I like the idea behind this project. If they can overcome the initial chaos, then there is a chance that it will once again get included in the top-10 list. BTW, does anyone know how much of the circulating supply is currently being owned by the promoters of this project (they list more than 200 promoters in their website)?

bluebit25

sr. member

Activity: 1708

Merit: 295

https://bitlist.co

Quote from: Sithara007 on June 09, 2021, 11:06:39 PM

Quote from: bluebit25 on June 09, 2021, 09:39:09 PM

I also really like this project, and honestly the current price is also a price that I don't think is too high, for me the project will have the ability to bring more things in the future, so the issue of price will be changed soon.

The price was too high when they got listed. The market cap at that time was >$50 billion. And this gave an impression that this coin was another overpriced and overhyped project from developers who just wanted to get rich. Now it will be very difficult to convince the users to invest in this project again. I don't understand the mentality from the promoters. I agree that the project represents a really good idea. But at this point, going for a valuation of $50 billion is a bit too much.

I don't deny the issue, when it was listed it was easily exaggerated compared to the value it represented in the market. And what we're seeing with this coin is its massive drop since its own ATH, but it doesn't matter much I think if they do well then cap in what I believe they deserve it will only stop at <$20b

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: bluebit25 on June 09, 2021, 09:39:09 PM

I also really like this project, and honestly the current price is also a price that I don't think is too high, for me the project will have the ability to bring more things in the future, so the issue of price will be changed soon.

The price was too high when they got listed. The market cap at that time was >$50 billion. And this gave an impression that this coin was another overpriced and overhyped project from developers who just wanted to get rich. Now it will be very difficult to convince the users to invest in this project again. I don't understand the mentality from the promoters. I agree that the project represents a really good idea. But at this point, going for a valuation of $50 billion is a bit too much.

bluebit25

sr. member

Activity: 1708

Merit: 295

https://bitlist.co

Quote from: Jackl87 on June 09, 2021, 06:23:02 AM

Quote from: bluebit25 on June 09, 2021, 02:47:39 AM

I am not too unfamiliar with it as this project has been mentioned a lot before and by the time of launch they have already proven themselves in the crypto space. While I'm amazed at where it's now, I think it's still over-hyped and needs time to settle.

Price is already going down steadily because a lot of people got the airdrop (including me, but i only got the small amount of 28 ICP and not 119 like others, multi accounts not even counted in) and a lot of them sold off their airdrop which of course creates a heavy pressure on the price. I personally haven't sold any ICP yet and i am not planning to do so because i hope and think that the price will stabilize and will start to grow again once the airdrop sell off is finished. If we should go into a real bear market and we will see a price of <40$ per ICP then i will probably buy a few more ICP myself.

I also really like this project, and honestly the current price is also a price that I don't think is too high, for me the project will have the ability to bring more things in the future, so the issue of price will be changed soon.

apa don

member

Activity: 602

Merit: 12

Quote from: Silver80 on June 08, 2021, 11:45:25 PM

The problem is that internet computer coin prices are less stable, even dropping and rising drastically making it difficult to analyze

Actually, it is not difficult to analyze in full, because the increase and decrease experienced by ICP tokens is only due to two influences, firstly because market conditions are still not stable and secondly because supply and demand in the market are still not balanced.

tsaroz

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Quote from: Synecdoche on June 09, 2021, 11:11:41 AM

This project can rewrite how internet works now. ICP use smart contracts and you can have different application work based on smart contracts thanks to ICP. For example if you have an account on a tokenized social media you can literally own the post that you created.

The idea sounds promising but there would always be the need of balancing what you do and how secure is it. One of the reason why we choose difficult and costly way of securing the network is cause we are also making it harder for individuals or a small group to hack it. When things gets easier, it gets easier to hack.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Quote from: Jackl87 on June 09, 2021, 06:23:02 AM

Price is already going down steadily because a lot of people got the airdrop (including me, but i only got the small amount of 28 ICP and not 119 like others, multi accounts not even counted in) and a lot of them sold off their airdrop which of course creates a heavy pressure on the price. I personally haven't sold any ICP yet and i am not planning to do so because i hope and think that the price will stabilize and will start to grow again once the airdrop sell off is finished. If we should go into a real bear market and we will see a price of <40$ per ICP then i will probably buy a few more ICP myself.

Looking at the order books, the feeling I get is that ICP is still overpriced. The market cap went down by almost 75% in a week or so, and I won't be surprised if it goes down by another 50%. And I don't think that users selling their airdropped tokens is the sole reason behind the drop. The market cap (even at current levels) looks too high for a project that has limited acceptability. And if I am not wrong, the airdrop started in 2018. There is no reason to assume that all the users who have waited for so long will dump their tokens all of a sudden.

Synecdoche

newbie

Activity: 7

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This project can rewrite how internet works now. ICP use smart contracts and you can have different application work based on smart contracts thanks to ICP. For example if you have an account on a tokenized social media you can literally own the post that you created.

Jackl87

sr. member

Activity: 1722

Merit: 269

Quote from: bluebit25 on June 09, 2021, 02:47:39 AM

I am not too unfamiliar with it as this project has been mentioned a lot before and by the time of launch they have already proven themselves in the crypto space. While I'm amazed at where it's now, I think it's still over-hyped and needs time to settle.

Price is already going down steadily because a lot of people got the airdrop (including me, but i only got the small amount of 28 ICP and not 119 like others, multi accounts not even counted in) and a lot of them sold off their airdrop which of course creates a heavy pressure on the price. I personally haven't sold any ICP yet and i am not planning to do so because i hope and think that the price will stabilize and will start to grow again once the airdrop sell off is finished. If we should go into a real bear market and we will see a price of <40$ per ICP then i will probably buy a few more ICP myself.

Topic: ICP (Internet Computer) (Read 366 times)