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RE: ICN is a STRONG BUY with a Target of $4.50 (380% Profit Potential)

in #bitcoin7 years ago (edited)

I find the concept of ICN entirely unconvincing when after all the magic of crypto at this time lies largely in the volatility and the ability to jump from one coin to another... investing in a predetermined mix seems not just counterintuitive, it robs me of my freedom to react to the markets... in a time of high volatility, ICN should stay mediocre, while in a time when most coins tank, it will obviously tank also, diversification gone wrong... so I wonder if Haejin's thesis that the Elliott wave principle need not care about such details is correct - it would mostly be, in fact it is, but here might be a typical exception when people who just look at a coin's development according to wave reaction and those who understand the background might not react in the same way and where knowledge about both might lead to a perfect prediction - and the explanation why less people than expected buy in ;)

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I too have similar opinion. ICN is a waste of a project. I wouldn't want to touch this with a 10 foot pole. We might see some ups after all the downs. But I don't see much of a future. So I'd stay away just to be safe.