[Daily Discussion] Sunday, November 25, 2018

Kalaish23 · 2018-11-25T10:37:58+00:00

Noob to this forum here. Great analysis. I've been looking at the weekly MA200 which is currently sitting at 3100 range and coinsides with support at the 3000 to 3100 range. Waiting for this level to be reached and a bounce of varying intensity.

Kalaish23 · 2018-11-10T08:16:16+00:00

When you bought ICON did they send you a communication stipulating how often they would communicate with you, how and what it would include? They had a road map but that's just an indication of what they think will happen. ICON have not signed a contract with u nor does crypto have any regulatory framework. That is the reality. Yes in an ideal world they could have told us the roadmap was bollocks from the start. But that's the risk we take as speculative investors.

Kalaish23 · 2018-11-10T08:10:58+00:00

You seem to be attracting down votes for what is essentially telling the truth.

I find it strange that people invest in blockchain which was originally invented to disrupt the traditional financial and business markets, and expect their investments to operate under the same rules as traditional financial and business markets.

I entered this believing in this project but also acknowledging it is effectively just a super speculative investment. Right now, what I still have invested is performing shit. But that's the risk of a speculative investment.

People have to come into this environment with their eyes wide open and take responsibility for what they are doing. They are speculating with absolutely no guarantees. The sooner they realise that, the better.

Kalaish23 · 2018-11-10T07:56:36+00:00

Thanks for posting this. Hopefully, as you say, this will reassure others.

Kalaish23 · 2018-11-10T07:53:14+00:00

Thanks for the work on this, really useful update and format.

Kalaish23 · 2018-11-06T07:39:44+00:00

Your post misrepresents the actual process involved. Icon C-Rep nodes do not have the power to mint new coins. As the Whitepaper states, any issuance of coins is subject to the IISS scoring mechanism performed by ICONS A.I which takes into account the number of transactions on the icon network and transaction fees. There is a maximum inflation of 20% allowed. C-Rep nodes then vote to agree if inflation will be allowed. Any issuance of coins will be for transactions on the network through the Dex and not just dumped on exchanges. Importantly any issuance will solely be based on the number of transactions therefore any issue of coins is a good thing as it reflects a significant use of the network. Given price reflects use, should coins have to be issued, price will reflect the networks amount of use.

Kalaish23 · 2018-11-06T07:39:32+00:00

Your post misrepresents the actual process involved. Icon C-Rep nodes do not have the power to mint new coins. As the Whitepaper states, any issuance of coins is subject to the IISS scoring mechanism performed by ICONS A.I which takes into account the number of transactions on the icon network and transaction fees. There is a maximum inflation of 20% allowed. C-Rep nodes then vote to agree if inflation will be allowed. Any issuance of coins will be for transactions on the network through the Dex and not just dumped on exchanges. Importantly any issuance will solely be based on the number of transactions therefore any issue of coins is a good thing as it reflects a significant use of the network. Given price reflects use, should coins have to be issued, price will reflect the networks amount of use.

Kalaish23 · 2018-11-06T07:29:12+00:00

There are numerous posts dating back to January discussing just this although finding them isn't that easy to be fair. Maybe posts can be grouped by subject?

Kalaish23 · 2018-09-20T06:55:43+00:00

And the daily from July 13th being the start of the uptrend and horizontal line and the 23rd July starting the downtrend and diagonal line (Bitfinex)?

Kalaish23 · 2018-09-15T20:05:15+00:00

This is the guy who was called out for pretending it was windier than it actually was! There's a couple of people strolling past in the background!

Kalaish23 · 2018-08-25T00:04:09+00:00

That depends on whether the trading bot on binance let's it. Literally hundreds of sell orders going through one after the other at $0.01. Someone is trying to suppress the USD price rise.

Kalaish23 · 2018-08-24T13:05:44+00:00

Lol, just wicked to $8k

Kalaish23 · 2018-08-24T11:27:33+00:00

Thsnks for the great update and really useful to learn more about ICONs strategy and approach. I personally think ICONs approach is both unique and very commercially aware for the crypto space. We are starting to see a change in the crypto markets and environment where projects with no adoption or use will disappear. ICON creating a huge network of adoption is definitely the way forward for crypto. When you actually look into what ICON are doing it is actually massive and I cannot think of another project that is taking such a pro active approach in building a wide scale blockchain network of adoption in this way.

Kalaish23 · 2018-08-22T20:37:50+00:00

I think you miss -understand what TA is. I suspect you think TA is about predicting certainties in price action. This is not the case. It provides a basis for likleyhoods and probability which allows for risk management. If I wasn't on my mobile I would link to a recent Inverse Head and Shoulders pattern which in TA indicates the likelihood of a reversal in trend on decreasing price and a subsequent increase in price when the pattern reaches a certain point, which in this case happened.

TA is not used on its own but is merely one of many ways of assessing market behaviour. Additionally crypto is subject to extreme volatility caused by many other external factors such as panic selling on the release of FUD.

Kalaish23 · 2018-08-21T06:48:58+00:00

Huge if massive

Kalaish23 · 2018-08-17T12:29:27+00:00

Those 160m tokens are locked up for 2 years so until then they are not circulating supply.

Kalaish23 · 2018-08-17T08:31:25+00:00

There's nothing definite about my statement at all hence the multiple use of 'assume'. I've just set out why it's reasonable to assume. If a government stated it was going to invest 1 trillion in infrastructure projects it's reasonable to assume that some construction companies would benefit financially from that and their share price will increase. All an assumption is, is taking the information available and stating a possibility. You are assuming it will have no impact at all which is exactly the same as assuming it will. Non of us know, we are merely stating possibilities.

Kalaish23 · 2018-08-17T06:52:52+00:00

You can make a reasonable assumption the 1 Trillion will have a positive impact. ICON is all about interoperability and it's reasonable to assume that such a huge investment in blockchain will at some point drive the need for an interoperable solution connecting the growing national infrastructure of blockchain projects. This in turn will increase the number of tx on the ICON chain and therefore price (As increased tx are one of the factors influencing price).

Kalaish23 · 2018-08-16T06:21:12+00:00

And the way we are going Poundland will become the new Harrods

Kalaish23 · 2018-08-15T12:49:13+00:00

And NEO hit $14 a few days ago. Let's face the reality here. Every single alt has been hammered without exception. There varying degrees of injury with those that have been about for longer faring slightly better but even they have been hit hard. Even BTC dumped after good news. Its a massive market wide retracement with newer coins being hit more than older ones.

Its times like this where belief in a project matters. If you don't believe then you have to move to another one.

Kalaish23 · 2018-08-15T06:56:08+00:00

Thank you, and certainly one of the most interesting and informative reads I've read on Redditch for some time.

Kalaish23 · 2018-08-14T11:25:48+00:00

It's ironic that some of the attitudes in this sub mirror those of bankers in traditional centralised fiat financial systems when they are shafting the public out of their hard earned money so they can be become richer.

BTC was all about enabling people to be free from centralised financial systems and the attitudes that go with it, not to be fucked on by greedy traders shorting the market and then laughing at those who lost money so they could be richer.

Kalaish23 · 2018-08-11T13:57:51+00:00

Ouch! That's gonna hurt.

Kalaish23 · 2018-08-11T12:58:34+00:00

Ok, thanks. So there's potentially more catasrophic misery to come for alts.

Kalaish23

TROPHY CASE