As we can see ICP made a dead cat bounce after dropping 96%.
Dfinity have hired a fact checker,
their nodes can only be bought from Dfinity with absurd specs such as 3.5Tb of NVRam, 500+Gb of system ram, basically enterprise grade servers,
The software is all closed source or Apache licensed,
There’s zero network use (about 0.5 TPS),
Dominick, the founder tries to use “exotic” lingo for the ICP ecosystem like “canisters” and “neural networks” for existing things to sound more fancy.
26% of the tokens were bought at 2 cents with no lockup.
Dfinity team sold 90m tokens on launch.
Governance is a mess, staking is a mess.
One of the things stated is that ICP is a “privacy focused” project. When called out on this, the only way to make it private was to route through the Tor onion router (lol).
This is 2021’s EOS. All of this info is publicly verifiable. I would open a short at any price, ride down to $5 - $10.
Man you hate ICP. Good luck! If Doge did not crash to zero then icp won’t either. Shorting after 95 percent drop is indeed a BOLD move. Good luck!
Mattysalads
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@Zil1234 we’ll see what happens :).
But when the team has already sold 90m tokens, the token is inflationary over 8 years, and 35% of the total supply is unlocked to people who bought at 2 cents, this is going quite close to 0.
Mattysalads
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@Zil1234 also difference with Doge and ICP is, people get Doge is supposed to just be a meme, ICP is supposed to be the “worlds fastest blockchain,” and there’s no tech. It’s the 2021 EOS and we saw what happened to EOS.
Doyourownresearch2023
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I don’t understand. Why would someone work on a project for 5 years and then ruin it. Your logic does not make sense. ICP has intelligent team backing it not like LTC made as joke or doge made as joke. Every coin has tougher time, ICP project will prosper and I am sure team will address concerns that people are raising.
Mattysalads
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@Zil1234 Because A16Z were sold a bill of goods DFINITY couldn’t provide, so they released a closed source blockchain on Coinbase and Binance who A16Z is the largest investor in Coinbase as well.
I don’t remember any coin losing 96% of its value, even ShopX and other high price tag IDO releases.
Doyourownresearch2023
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Unless BTC crashes, ICP will be above 100 in few weeks. DYOR
Mattysalads
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@Zil1234 100 pesos? I’ve done a lot more research then anyone here. I heard the same thing at $700, except then it was $2000 lol. Are you going to say when it’s $7, it’ll be above $20 in a few weeks? Lol
Vafon
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Lol doge was nothing with few mln value without pump till clown elon boost it:)
NAMARS
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I see you are losing money while you shorting lol, never short on a bull market ..ICP TO THE MOON, 2700$ soon