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ICNXBT

Iconomi (ICN) - long term bull initiatingI usually don't publish charts publicly, but this one is something special. ups: - one of the rare with working platform - price to book ratio 0.74 @0.00021 btc - fiat gateway coming soon - utility functions to be announced in the middle of March - great, dedicated team - millions flowing into DAAs cons: - little or no communication from the team (this one might as well count as an UP) disclaimer: I support Iconomi and hodl ICN from the ICO times. I believe, this project will be one of the most prominent in crypto space. This is not a financial advice. Hodl, don't trade.
ILong
by hodl
2
ICONIMI Breakout for 2018Again, very simple chart with an obvious trend. ICN breaking out after a long down trend. This is a project well worth studying the fundamentals, and critically has not been visited by the P&D gangs meaning less hype more value. Essentially, ICN is an ETH based project where ICN is used as a representative token for the whole project where ICN manage their own fund and burn ICN tokens on the basis of profits made through their Pinta Digital Asset Array Managed Fund. In addition to this, they also host other DAA managed funds where companies such as Columbus Capital manage their own fund and where you can buy directly with ETH or BTC and where you can receive the funds native token back to your wallet. Further to this, Columbus Capital will be releasing the first blockchain stock on the Irish Stock exchange titled Blockchain.ONE which will in essence be a direct fiat gateway in to Crypto. Surely this is worth a little bit of time on your part for due diligence? From this perspective, the fundamentals are there, a critical mass of DAA's are now opening, and ICN's Price to book ratio is as follows: "Price to Book ratio for ICONOMI closes q4 at approximately 0.82 (lowest quarter ever). ICONOMI has more company owned assets than the total market cap of the company. The S&P 500 has a P/B ratio of 3.43 ." Also to note that 500K to 1MM is entering ICN DAA's on a daily basis. Your call....
ILong
by Rotox
5
Long ICN - IconomiSome of the top crypto-currencies by market-cap do not have a working product. Worse there are outspoken scams. Dumbmoney is overvalued. Maybe Smartmoney is undervalued? Summary: ICONOMI is an Ethereum smart contract start-up company, developing a blockchain-based digital asset management platform. website: iconomi.net Per the 2017 Q3 financials report they have at least $100M in crypto-currency assets. medium.com/iconominet/iconomi-financial-report-q3-2017-45dc25f30730 As of Saturday, September 30 Top Holdings ( % change sense 9/30 ) Byteball - $2M (+270%) Bitcoin - $4M (90%) Lisk - $10M (140%) ETH - $18M (240%) Long time frame falling wedge on ICN/BTC, volume confirmed. Entry: 0.00025 SL: 0.00019 Target 1: 0.00075
ILong
by over9000
2
ICNBTC - Undervalued Crypto Index Fund (+1300%)A crypto fund with "digital arrays" or indexed coins with different risk profiles that's actively been traded. Technicals: -MACD bullish reversal -Kumo breach -MMAR reversal -Bullish trendline Fundamentals: - Trading only 2x book value (Under 3x is cheap) - Digital arrays contain quality coins - Quarterly coin burn feature to be introduced that enables ICN token holders to participate indirectly in dividend distribution (20% of profits are used to buyback tokens, 80% is reinvested) - Only coin to be planning a Big 4 audit - Gateway token to help new investors with instant diversification in cryptos (think ETFs) - Affiliate marketing to start 2018 Summary: BNB Binance style utility token + affiliate marketing + Index fund to crypto + strong returns = WIN! Trading: Hold up to 6 months, for up to 1300%. Will update with key resistances and key target projections soon.
ILong
by Johnsonysu
8
ICN buy timeThe speculative bubble on the ICNXBT pair has pretty much fully retraced. Now, the orange line and the green trendline together form a strong support area at the 450-500 level, that should hold and it has done so in the past four days. The price is now being squeezed out of the triangle formed by this support and the downtrendline, wich is a bullish signal, although in this case quite a weak one. If bitcoin keeps rising, it will lift up the entire market and provided FOMO doesn’t kick in for bitcoin, ICN should start rising versus btc again. Right now there is a lot of FUD around the utility of the ICN token, and crypto investors looking for quick profits are getting annoyed that there is not a lot of communication coming from the team. Recently however, Jani ensured investors via comments on Reddit that ICONOMI as a business is doing amazingly, compared to other crypto startups and also compared to regular startups. One example statistic: on average, 200k usd flows into BLX per day. In the future this will only go up, when the DAA management platform is released, and after that when marketing ramps up. To me, the ICONOMI team have never seemed like untrustworthy people, rather like people that want to create a fair and successful business, be the best in the game. Jani ensured us that patient investors will be rewarded, and I believe him. Therefore, this coin looks fundamentally very good, and it seems highly undervalued. The top 50 ICN wallets think similarly; they have all accumulated more coins recently, as a redditor pointed out. As for targets; around the 0.5 fib extension of the previous rally is a significant price level, as this also corresponds to a previous fib extension, the pullback level of this downtrend, and approximately the ath of ICN's dollar value. I see this as a medium term target, but the way there will no doubt be a rollercoaster.
ILong
by Repelsteeltje
3
Iconomi Might Be Close to BottomFor the last few months Iconomi has been disappointing for traders and investors. The community constantly demonstrates how frustrated those that held on to this cryptocurrency are. The few optimistic posts aside, more and more people have sold off their Iconomi, often times taking big losses (which can be seen by looking at how the cryptocurrency has been performing). This idea is here to show that at this present point in time it is really not worth it to sell Iconomi at a loss. We might have reached a bottom or at least we should be very close to reaching it. Even for those that are not familiar with Elliott Waves ( en.wikipedia.org ) the pattern should be clearly recognizable. We are reaching what is the end of a whole cycle. Furthermore we can spot a typical bubble pattern on the Iconomi chart. For reference: i.imgur.com On this bubble pattern we are also clearly at the bottom. As the "mean" shown there we can see the "Uptrend line 1" or in the worst case the "Uptrend line 2". Around the second uptrend line will be end of our free fall. Some may argue that we have yet to reach the "despair" phase, but that phase is not always present. Either way, we are close to the bottom . What happens after we "return to the mean"? There starts the first phase again. People will slowly start to accumulate Iconomi. The smart money will make a first step, since most investors will at first be insecure, which is understandable by looking at the chart history. And before we know it we will be ready for take off. Iconomi will soon have the chance to shine again. After all, the fundamentals of this cryptocurrency are solid, as opposed to a lot of other mindlessly hyped ones.
I
by TALife
9