ICP

ChemicalGreek

I bought ICP at $700…

Mean-Argument3933

ICP, but got rid of it long ago

pre_pun

For me I really dig into the value proposition of NFTs- there is real tech behind it in the smart contract, new creator-patron relationship and provable origin for files. I can tell you as a developer after building on ETH, SOL, and ICP: \-The nostalgia-nerd and speculator in me loves ETH \-The tech-philosopher and thoughtful-coder loves ICP \-The practical developer and do-now tech enthusiast loves SOL Notes on Polka-Dot & Cardano maybe coming soon ... but I have my hands full with these three for now. This is after my own research of reading tuts, docs and building a bit on them. I know that may not be feasible for people w/o a technical background, but in that case I'd recommend checking out the development communities on discord, stack overflow, and reddit to see what is happening with the tech by the people that are playing and tooling with it. Please don't buy these because I like them, just sharing how I invested in the tech with both my time and money- cause they made sense to me. Oh, I forgot to mention Chainlink, they are putting out some great cross-chain tutorials and talks on YouTube with Patrick Collins and other devs- check them out!

totakaro

Got confused by ur post, went 100% ICP

pre_pun

I can tell you as a developer after building on ETH, SOL, and ICP: The speculator in me loves ETH The tech-philosopher and thoughtful-coder loves ICP The practical developer and do-now tech enthusiast loves SOL Notes on Polka-Dot & Cardano maybe coming soon ... but I have my hands full with these three for now.

Davron7

Met up with an old mate to chat about crypto. He proceeded to tell me he has 6 figures exclusively in XRP and ICP. I downed my beer and got the hell out of there.

JohnOnWheels

What are your thoughts on ICP?

jwz9904

time for you to grab some ICP then, lots of room there.

slenker99

I have so many investments down big (ICP, LTC, Comp) and some actual good ones as well :)…. Not worried about being only “slightly up” on this one!

dickwhistler22

So much fud around ICP that I actually want to buy some

selphfourgiveness

I guess the ICP is still trying to figure out how fucking magnets work.

Solid-Mess

ICP was blown way out of proportion and was shilled like a mother trucker. Plus as what happens when anything new is listed. Tons of people rush to buy thinking they will make a massive profit just to be dumped on by the people who had it before the major listings

Wise-Grapefruit-1443

Leave my portfolio of Tether, Shib, and ICP alone

Scary_Milk

Only a brave man risks posting about ICP on Reddit, congratulations anon.

coolyouthpastor

1 ICP = 1 ICP. Keep hodling.

fuzzyduck88

Dogecoin is now down 76% from ATH. It’s now more comparable to ICP than it is Bitcoin. 

boomyo

Opportunity cost though. ICP will probably never hit their initial price, but a lot of things can (and have) outgain it over any given time span. So in that sense you can still gain a lot by salvaging your loss into a win. Let's say you cut your losses last week and moved it into ROSE (went for the top gainer of last 7 days to show the extreme), then you would've already been up 55% instead of just hoping for a turnaround. You would need ICP to hit over $45 to match that, but it hasn't seen that price in nearly 2 months. For a non-extreme example let's say you sold ICP at $80 in September where the last peak was and moved it into BTC.. you would've only lost a few % instead of 60% from that point. And just to show this doesn't always work, let's say you sold out of it to FOMO into LRC near its ATH towards the end of November. You would have lost 60% instead of 30% over that time. I think it's important to know when to cut losses and move it into something else rather than just hoping with no reason. I FOMO'd into DOGE when I first started, but realized after losing 50% it was a mistake and ended up moving my loss into MATIC at .95 which is now up over 140%. If I held all the way through hoping for a miracle I'd be down 70% from initial investment.

vpnnsharma

They telling me to sell my ICP but I'm holding strong

iworkisleep

What happened to loopring shills. It was wild not too long ago. Are you guys joining ICP support group?

LJoeShit-TheRagman

I wouldn’t fomo into ftm after it’s been pumping all day, all week and all month and I damn sure wouldn’t touch ICP at all

vpnnsharma

I bought ICP at $660 and I'm still holding in hopes of miracle.

writewhereileftoff

Not much...just launch, then turn on the printer. ICP did it not so long ago. Market cap = supply x price per unit While price per unit is mostly market specific, they could inflate the supply massively and rise in market cap rankings that way. Its dissapointingly easy.

eeemile

Wait what. It is still on #31 in market cap at $6,24B at $31,5 per ICP. Did it have a market cap of $140B at some point? That is nuts.

synocrypto

ICP looks like a massive shitcoin and I wouldn’t even touch it with gloves and a stick.

reddituser1234566789

FTM and ICP look like buys here

vpnnsharma

I'm holding my ICP in hopes of miracle. I'm down 95% anyway so it's not like I'm getting a lot by selling it.

SBSlice

Shorting ICP is one of the best investments I've ever made, even counting that one time I got squeezed out at a loss.

evelyix

ICP is down

HaziqQ

This mentality is the exact reason people go down with a sinking ship in crypto. Imagine you have $100 right now. Would you rather invest it in ICP or a crypto with more promise, like Eth? Lets say OP had $100 in ICP. It would more beneficial to him to cut his losses, harvest it for tax reasons, and reinvest in a more promising crypto. Refusing to sell for a loss is entirely a mental roadblock that destroys portfolios. If you wouldn't put more fiat into a coin, think about if it's really worth holding. It doesn't matter what you bought it at. All that matters is what it's at right now.

8512764EA

I bought ICP in December at $24.90

Flaky_Protection7634

**Bought ICP at $700 and sold at $30 lmfao**

rohitsanyal

Can ICP be considered?

Lenaweston

ICP

Eeji_

ICP cause ded? 🤣

Odysseus_Lannister

ICP

n1ghsthade

ICP

razman786

Oh really, ICP is really being so generous to us for a long time.

The_SilentSoul

Those decisions aren't too bad tbh You don't wanna hear about my decisions with ICP

w00tangel

Dunno, I don't follow the ICP ecosystem.

Own_Television_6424

What do you think about ICP reverse gas?

CatBoy191114

True, although if it did go down to $1 (and stayed that way) then we are pretty close to 100% loss. In theory even the biggest failure of a shitcoin out there could recover, so is different from casino style gambling in that sense. But then you still need to look at the likelihood of recovery, e.g., what is the likelihood of ICP reaching its ATH again, or anything close to it?

CatBoy191114

Erm... don't you think you are giving ATH ICP buyers a bit too much hopium with this statement?

Own_Television_6424

Because it’s the only one that looks like it’s going somewhere, everything in the background has increased within the icp eco system. People within this sub trade on emotions, so it will be to late for them to get on the hype train. ICP could be the Amazon of web 3 it’s one of the front runners.

Own_Television_6424

I believe that ICP will be in the top 10 again soon.

ramen-time-machine

LRC kinda looking like an ICP...

evelyix

ICP left the chat

ipetgoat1984

ICP 😂

Clip_It_

Your wasting your time, half of the people on this sub haven't got a clue what a whitepaper is let alone how to actually read one correctly. I has some guy on here last week telling me how he makes "$600 a day" and when I asked his top 3 portfolio performer's he said ADA, XMR and ICP...

BirdSetFree

Jenny would be out of all cryptos but invest in ICP lmao

LisHere321

ICP wants to control the Internet. They are no saviors

AutoModerator

Post is by: silverslides and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/s4utys/dfinity_security_audit_shows_centralized_nature/ The full report can be found [here](https://github.com/trailofbits/publications/blob/master/reviews/DFINITY.pdf). Maybe most of this post was apparent to all of you but it really opened my eyes as to how centralized this project really is. The first finding "1. Hard-coded secrets in repositories" states: "Exploitation of this finding would require some form of internal access to the relevant repositories unless they were open source.". So DFINITY has closed source code. Not great for decentralized projects. It also has in this codebase, hardcoded secret. Aside from this being a security issue, it also shows that the software deployed on ICP systems actually contain secrets which need to be protected through network and system security controls. A typical "open" blockchain project uses a consensus algorithm to provide security. It does not need some piece of software behind a big firewall with all types of hard coded secret in order to work. Another noteworthy vulnerability is the removal of accounts with low balances when the total number of accounts exceeds 50M. Probably to protect themselves against some resource exhaustion but apparently this was not documented at the time of discovery. So a user of ICP could simply loose there account if other accounts had a higher balance. WTF? Another vulnerability seems to allow nodes to steal ICPTs (14. Controller can evade fees and claim extra rewards through neuron disbursement process): "Since each transfer moves 2 ICPTs from the neuron’s account to the account specified by the neuron controller, this process can be repeated five times, resulting in total ICPT rewards of 10+5R. By transferring more funds to the neuron’s account, the controller can repeat this attack. This means that it is possible to claim neuron rewards an unlimited number of times." I should probably study ICP to better understand the report but a lot of vulnerabilities actually show how much the system relies on a trusted piece of software (probably operated by DFINITY in some datacenter). *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

SecretCryptoAcct69

Integrity and honesty? [ICP leaves the chat]

MassProducedMadness

I’m with ya. Make ya money where you can. As far as ICP is concerned, I like the idea of a Web3 as an on-chain network but the centralization of ICP is real sus

lagav16

I made my money off doge and happily exited after the big pump last year. I’m no tribalist. I’m happy when anyone in r/CC makes money off anything. Except maybe ICP. That still grinds my gears ;)

pp_conisuer

ICP: bad

rohitsanyal

So ICP investors have already got this figured out. Can't be more numb than this.

AverageSoyRedditorr

Monero -superior privacy although price action will never really pop off because no institutional investor would touch it ICP -can host the front end AND back end. The only logical project that can turn web 3.0 into a reality. When BTC/ ETH integration happens, the MATIC shitcoin will be practically useless. MATIC -vaporware CRO -vaporware Bitcoin -store of value

BicycleOfLife

This subs hatred of ICP has made me do something I never thought I would do. I bought some ICP. Worst case scenario is a lose 70$, but it’s very likely the bottom is in on this shitcoin…

DadofHome

I can understand completely ! Always do your DD: And like mentioned here on this post - the execution at the start for ICP CRAP. I’m still very skeptical but I’m a dreamer and idealists and would love to see more people over site and less government/corporation control over the internet . I did not get in early like some others that are angry now. And maybe that’s effecting my judgement. (Full disclosure I didn’t buy in till it was in the $20-28 range . ) Not sure how many people know ? BUT by owning and holding ICP token on the Network Nervious System : NNS as they call it: You vote and get rewards , It’s a governance token . And I’m happy spending a comfortable amount to participate.

v3rral

All in ICP

mic_droo

soooo sell your BTC and ETH and buy ICP?

80worf80

My biggest problem with "decentralized" ICP and any other coins like it. If a regular ass person can't invest on day ONE, I'm avoiding. If you have to be a registered "qualified investor" to participate in the initial sale of coins "to comply with US securities laws", I'm avoiding. If the devs and VCs combined exceed 51% of voting power, I'm sure as fuck staying away. Gotta be careful when redefining decentralization that you don't discard the true meaning. This is also the reason I'm not touching other "good" coins like ROSE, SOL etc.

jimibk

They’re doing quite different things. ICP allows you to run code whereas the others are storage platforms

LightninHooker

Wrong. That's ICP hodler

TheTrueBlueTJ

That was my first contact with ICP, seeing it suddenly pop up near the top coins. My first thought was "What is this shit, is this a bug and where did this come from?"

Al_Zik1

ICP the fallen edge

AlbrechtSacco

ICP —> It’s Currently Plummeting

n1ghsthade

The big ICP perhaps

pokher888

I still don’t know what ICP is or want to know. Looking at the charts is enough for me to stay away

Maxx3141

This is more than ICP investors have left.

DadofHome

1. ⁠The Internet Computer is significantly more decentralised than it is given credit for and is currently undergoing a process of further decentralisation that will be an ongoing project over the next year or so. This is because: the NNS allows individuals to vote on everything and anything (what they should work on next etc.), there are a significant number of nodes (412 and ever increasing) and finally, it is built on incredibly advanced cryptography that provides it with a level of decentralisation most blockchains couldn't dream of. Most people forget this last part when thinking about decentralisation. Don't forget also that Ethereum/Solana nodes are mostly ran from AWS, you have no idea what they are working on and Dapp's are mostly built using centralised infrastructure, this is not the case with the the ICP. 2. ⁠Yes, the Internet Computer is immutable. The only way someone could remove a canister (a smart contract) is by having the community vote to remove it (think child pornography, terrorism related stuff etc). This is a very tricky moral question and is being worked on as we speak. I think the final outcome will be that it will be very hard to remove content, but in extreme cases like the ones mentioned above, it may be possible. People coming from other L1's see this as weird, but they're only hosting tiny snippets of code. The IC can host anything (potentially incredibly malicious code, so some form of removal is needed in the worst case scenarios). The person above who said the Nintendo canister was voted to be removed is wrong, the community voted in the majority (90%+ to not have it removed). The owner of the canister removed it himself. 3. ⁠Would a DEX be as decentralised and immutable as ImmutableX? Yes, it would be more decentralised. ImmutableX will mostly be run on AWS (hence why it went down for a few hours the other day). A DEX built on the ICP will be built entirely on chain: it will have 100% up time and the community would NEVER vote to remove it so it would be immutable. Also, don't forget almost all dApps use either Infura or Alchemy in order to interact with the blockchain. In fact, even when you connect a wallet like MetaMask to a dApp, and the dApp interacts with the blockchain via your wallet, MetaMask is just making calls to Infura! Both are entirely centralised entities that Ethereum couldn't run without. 4. ⁠Could government's take something down that is running on the ICP? This is something I doubt anyone knows the answer to as the government hasn't challenged anything yet. However, if they wanted to they would have to convince the majority of ICP holders to vote to take it down; this would be a bad look for the community so I'm almost certain they wouldn't. For an Ethereum Dapp, all the government would have to do is get AWS to pull the plug and that would be it, finito for any application they didn't like. Decentralised cloud hosting is going to be a necessity, and the IC provides by far the most advanced, decentralised and immutable solution. 5. ⁠My advice to you would be look past the number of nodes/cheapness of nodes as an indicator of decentralisation. This is a weird mindset people have got in to measure decentralisation and immutability, there is FAR more to it. Dfinity have already handed over many aspects of the protocol to the community, they are incredibly transparent (can you vote on the order of things the Ethereum community will work on/what they'll work on?) and I believe once the decentralisation process is finished, the IC will be significantly decentralised. There's a lot of disinformation out there: you need an Internet Identity to access daps, node machines are supplied by Dfinity etc. so it's going to take a while for the crypto community to understand what Dfinity have built. However, I can tell you from a bystanders perspective over the last 8 months, it is seriously impressive!

vvillehelm

ICP - Redefining Portfolio Collapse (and magnets)

giddyup281

So all of us are gonna somehow forget that ICP: - was listed on Binance, Coinbase and Huobi day one, - forbid the early buyers to sell (while core team and their friends did sell), - team put out a bounty on doxxing people that had constructive criticism of the project. Yeah, I will not forget that. You should be ashamed, OP.

LostMyPPMs

ICP: redefining pee

n1ghsthade

ICP. Redefining computers

Hookahista

Go to your favourite price tracking website -> Search for ICP -> Go to yearly/all chart -> Thank me later

DaddySkates

ICP redefining the losses from ATH

ghochumal

Since ICP has fked the investors with initial pricing its hard to take it seriously now.

rmczpp

Also, ICP was highly in demand at the time, it made sense to list it at the time. It's not a straightforward scam coin as far as I can see, just initially massively overpriced and early investors took a dump on the new investors.

kirtash93

I bought ICP ATH so every ICP news makes my PSTD come back.

imaloser107

Not if that crypto goes the ICP way.

Malixshak

Just pay me in ICP and I ll be good

_Zoroastro_

Better, all in on ICP

Ceago

ICP lol. I feel reddit is generally positive about LTC, it just doesn't function as anything further than a payment method and while faster than bitcoin I feel would bog down hard under the same load. Also PoW in general is out of vogue even though it does provide better security and an "inherent value" to a crypto.

steveblobby

I know I'm likely to get flamed for this, but: this won't happen with ICP.

Ceago

Not sure what LGB is but ICP is pretty cool and is indeed decentralized once you break past the wall of misinformation spread by reddit.