midwit here

[Anonymous No.52659589]

is the only reason the price keeps going down was due to bad distribution to VCs at 3c?

wont this fix itself over time? didn't almost every coin like eth and shit have a super low ico price and everybody hated on them until they mooned? Or is the ICP distribution different somehow and can't be fixed cause of neurons or something

sorry actual retard here answers appreciated

[Anonymous No.52659601]

no shill or fud please only real answers

[Anonymous No.52659603]

>>52659589
VCs will dump this back to 3 cents.
if you are into losing money you buy this dumpster fire and become a baggie like many retards before you.
you want to upgrade from being a retard you buy something else. (best would be AVAX because its currently the best chains in crypto)

[Anonymous No.52659609]

>>52659603
that doesn't make sense and I said no shill or fud please

[Anonymous No.52659659]

I'm not sure, but isn't the supply increasing on a daily basis? I'm looking at the numbers on Coingecko.

[Anonymous No.52659667]

>>52659603
Nigger fuck off with you bullshit roach scam.

[Anonymous No.52659690]

>>52659589
Almosr every major company in the world period had early investors with significant stakes.
ICP is currently inflationary due to node hosting and staking. If it is adopted on a larger scale, it becomes deflationary since the coin is burned to pay for computational power and storage.

[Anonymous No.52659708]

>>52659589
Development is showing parabolic growth. Yes everything about Icp will be amended with the slaying of SBF

[Anonymous No.52659715]

>>52659589
This chain absolutely eviscerates worthless erc20 shitcoins and that's why it puts shivers down a betamale like >52659603 spine.

[Anonymous No.52659773]

>>52659609
the ICP token has no use, you cant do anything with it and VCs got in at 3 cents.
they will continue dumping, there is no reason not to.
>>52659667
Avalanche is not a scam. ICP is the scam, everyone knows this.

[Anonymous No.52659815]

>>52659773
no offense man but you're obviously shilling avax with no idea how icp works so I'm just gonna ignore you. the token is the what keeps sites and apps running same as Ethereum. I just want to know the deeper tokenomics and if the VC distribution could be saved in future

[Anonymous No.52659822]

>>52659690
yeah I hear you. Has anyone done numbers to suggest how large it needs to get/what the VC holdings have left to possibly sell?

[Anonymous No.52659842]

>>52659708
yeah I've seen this it looks great but just how much growth is necessary for the VCs to be offset? don't need spoonfed just wondering if anyone has calculated this before and I just haven't found it yet

[Anonymous No.52659863]

for the price to go up, there needs to be someone wanting to buy. people buy crypto based on hype and an exciting narrative/story. icps narrative/story is: vc pump and dump with the worst chart in crypto. good luck doing a 180 on that sentiment.
this won't fix itself with time, since there will be newer shinier cryptos fighting for buyers as time goes on, and the internet computer will only age.
the >muh tech cope is also hilarious. most low iqs posting that shit don't even know how to operate a microwave oven, let alone code. they have no clue what they're talking about, like all the other 'i'm in it for the tech!' dipshits that we sometimes see, like vechain or nano baggies kek

[Anonymous No.52659869]

>>52659815
>the token is the what keeps sites and apps running
its not doing any of that. look at the price chart.
nobody is buying this ICP or doing anything with it. its never gonna pump.

Avalanche has better tokenomics. its hardcapped, its deflationary and AVAX is needed to run the Validators. Most Avalanche is actually staked or delegated to Validators (over 60%)
ICP is going to Zero but Avalanche is going to 1000s of Dollars per token.

[Anonymous No.52659884]

>>52659822
I do not have those numbers but maybe you could look around and find some estimates

[Anonymous No.52659890]

>>52659863
I get where ur coming from but your understanding of demand is way oversimplified. sentiment changes on stuff all the time which is how I've made most my money in the past - buying shit when everybody else thought it was shit but all of a sudden it's some new shiny craze everybody wants to be a part of

I know fuck all about the tech and only a little about the tokenomics just looking for some actual numbers someone has calculated

[Anonymous No.52659898]

>>52659884
cheers baws appreciate the replies

[Anonymous No.52659907]

> wont this fix itself over time?
it has a chance of doing so in about 2024 when everything's fully vested and all the tokens are on the market.

which gives us ICPeers potentially all of 2023 to DCA

[Anonymous No.52659909]

>>52659890
>sentiment changes on stuff all the time which is how I've made most my money in the past
any examples?

[Anonymous No.52659924]

>>52659773
You are beyond pathetic. This is not even your roach thread, why did you even feel the need to crawl all the way here?

[Anonymous No.52659944]

>>52659869
"Muh double spend coin"

[Anonymous No.52659946]

>>52659924
ICP token has no use, token not needed. thats why its dumping and why you will stay poor.
buy AVAX instead.

[Anonymous No.52659953]

>>52659946
AVAX baggies are literally the worst m/ incompetent retards who known it’s over for the mm. Next bull run will be based on utility.

[Anonymous No.52659964]

>>52659953
>Next bull run will be based on utility.
It will be based on Avalanche Subnets. thats where the true utility is.
ICP isnt needed, the token has no use.

[Anonymous No.52659965]

>>52659946

[Anonymous No.52659975]

>>52659965
ICP token still has no usecase and will continue to dump further. all your money will be gone. lets confront this reality, you need to accept that you will stay poor if you buy or hold ICP.
the token is NOT needed. it has no use, there is no demand, nobody will ever buy it there is no need to.

[Anonymous No.52659976]

Token not needed. Useless crap. If you are into burning money go for it.
I can't pump.

[Anonymous No.52660097]

>>52659975
Unironically good.
I dont care. ICP destroys avax on every technological metric, and if I lose my money on my investment in ICP, I’m doing so with a clear conscious.
I chose tech over shit. If I’m wrong, then I’m wrong and I’m okay with being wrong.
You’re welcome to continue fudding, but you arent swaying anyones opinion, and you certainly wont change the opinions of token holders right now.
>to all current ICP holders
Congratulations in advance.

[Anonymous No.52660126]

>>52660097
>ICP destroys avax on every technological metric
ICP literally has no working DeFi and its centralized.
Avalanche has working DeFi and is decentralized.

[Anonymous No.52660133]

>>52660097
>Congratulations in advance.

[Anonymous No.52660138]

>>52660133
people have to be really stupid to believe that this will recover when the ICP token is literally not needed.

[Anonymous No.52660168]

>>52660138

[Anonymous No.52660218]

>>52660168
its going to 3 cents and the token is useless.
you cant even explain what it is used for. thats how useless it is.

[Anonymous No.52660297]

>>52660218

[Anonymous No.52660492]

>>52659589
>wont this fix itself over time?
nope, no reason to buy. anons are right token not needed.

[Anonymous No.52660655]

>>52659909
btc, doge, shib

[Anonymous No.52661094]

>>52659909
BTC, doge, Amazon, Tesla

[Anonymous No.52661659]

>>52660097
>>52660133

Congratulations, you have just timed the generational ICP bottom.

[Anonymous No.52662172]

>>52659589
if the vcs all sell then yea it'll fix itself over time we have no idea when that is and people just don't buy because they look at the price and say its a scam

[Anonymous No.52662676]

>>52659822
They unlock in 49 equal batches of 2.367,135 ICP over 49 months, starting May 2021, ending June 2025. Totaling 115,989,629 ICP = 24.72% of the total supply. They also get voting rewards to dump whilst waiting to unlock.

It is my humble opinion that anyone buying this now is going to get fucked. I'll check back in a year, see what the price is and decide then.

[Anonymous No.52662889]

>>52659863
This is how I see it, AVAX, SUI, and APT are fighting over the L1 cake but these L1s are very boring, another L1 popping left and right with a promise of 100000000 TX/s.

Who cares when Ethereum pretty much already won with the network effect?

And on the other side, there is ICP that people compare to AVAX or other shit when they are totally different, one saves some small data on the blockchain, and the other lets you save the entire website on it. Clearly, something that no other blockchain is doing.

We could start shilling ICP after it drops lower: 2-3$ and everyone gets their bags filled to the brim.

There are some easy points for shilling like:
- Pump and dump? : FTX manipulated futures

- Why ICP? : *Talk about how bad is centralization when it comes to hosting websites - AWS, GCP, Azure*

- Why not X blockchain? : ICP is for delivering frontend and backend, optionally it can use other blockchain as a part of backend

[Anonymous No.52662955]

>>52662676
The challenge with buying ICP is trying to predict the inflection point at which the token becomes inflationary. DFINITY is legitimately doing a good job to build the tech, but they have been light when it comes to marketing. DCA is a generally good strategy to accumulate ICP, but realize that nobody knows when or where the bottom will be. Keep an eye on the following metrics, which you can follow on dashboard.internetcomputer.org:
>Total number of Canisters (14x in 1 year)
>Transactions/second (3x in 1 year)
>Cycle Burn Rate (20x in 1 year)

With all the goodies coming out (BTC integration (which is being installed NOW), SNS, of which the first tokenized DAO which comes out TODAY) and future tech in the pipeline, ICP is looking better all the time. Low IQ retards that only look at the price chart get fucked.

[Anonymous No.52662968]

>>52662955
Sorry, I meant to say, that it is hard to predict the inflection point at which the token becomes deflationary (not inflationary). The token is obviously inflationary right now.

[Anonymous No.52663006]

>>52662676
So at approx. $9m USD per month give or take assuming all is dumped each month. Daily volume for ICP is $27m just today. Yeah that's horrific when its trading for $100 a token but at $4 now it doesn't seem irredeemable. this tells me theres likely more downside but its not so horrific that it could never pump.

Appreciate the numbers boss

[Anonymous No.52663392]

>>52662676
LOL that would have been a golden strat a year ago. I wonder if it will be now as well.

[Anonymous No.52663435]

>>52659603