BGMind_Control

The Internet Computer Protocol (ICP) stands out from other cryptocurrencies due to several unique properties: Decentralized Internet Infrastructure: ICP aims to create a decentralized internet where traditional centralized services like cloud computing are replaced by a network of independent data centers worldwide. This structure is intended to reduce the control of big tech companies over internet services, offering a more open and less centralized internet model. Scalability and Speed: Unlike many traditional blockchains that face scalability issues, ICP uses a subnet system where each subnet operates as its own blockchain. This architecture allows for high scalability and the ability to process up to 30,000 transactions per second, matching web speeds for application performance. Low Transaction Costs: ICP implements a "reverse gas model" where users do not typically pay for transactions directly. Instead, developers pre-load "canisters" (ICP's version of smart contracts) with "cycles" which are used to pay for computation. This model reduces the cost for end-users, making it more attractive for developers to build decentralized applications (dApps). Smart Contracts (Canisters): ICP's smart contracts, called canisters, are more versatile than those on other platforms. They can handle HTTP requests, serve web assets directly from the blockchain, and run at web speed, allowing for complex, interactive web experiences without reliance on traditional hosting. Chain Key Cryptography: This is a unique cryptographic system that ensures the security and integrity of the network. It involves distributing cryptographic keys across data centers to prevent any single point of failure or control, enhancing the security of the blockchain. Network Nervous System (NNS): ICP includes the NNS, a decentralized autonomous organization (DAO) for governance. It allows token holders to vote on network changes, upgrades, and node participation, ensuring community-driven development and maintenance of the protocol. Interoperability: ICP has mechanisms like chain-key tokens (e.g., ckBTC) that allow for seamless interaction with other blockchains, such as Bitcoin, without intermediaries, thus promoting interoperability in a decentralized manner. Energy Efficiency: ICP is noted for being one of the more energy-efficient blockchains, consuming significantly less energy compared to Proof of Work blockchains like Bitcoin, making it more environmentally friendly. Native Token Utility: The ICP token serves multiple roles including governance, staking for rewards, and as a means to buy "cycles" for smart contract execution. This multifaceted utility provides economic incentives for participants to secure and expand the network. Direct Web Hosting: Developers can host decentralized websites directly on the ICP blockchain, providing an alternative to centralized hosting services where data and control are more transparent and less susceptible to censorship. These properties collectively position ICP as a platform that not only aims to host cryptocurrency but also to fundamentally change how the internet and its applications are built, managed, and used.

ICP is ahead of its time. - What i mean by that is that it is the only network that has layer 2s on it for many coins/ tokens at a time. - You can build apps fully on chain. Front end and back end. - There is no need for bridges and oracles, which is a lot safer. - You can stake the coins with no middle man in the NNS and you are getting yield daily. Even its staking system is superior to other chains. - You have a governance system build on it which gives the investors direct ownership over the developed apps and ICP itself trough code. Most of these other chains pretend that you get ownership of the assets trough their token but in reality you don't, legally or trough code. - Another moat that ICP has is its independent datacenters and its huge R&D team. These are things that can not just be copied in 1 week with a different name. - In the beginning when i invested in ICP it didn't even have AI on chain. Now it has it. - Lastly the valuation is at $4.5B MC which is cheep in my opinion when you look at all the potential network effects and use cases. In short all of the properties of the chain above gives me only reasons to invest in the project and not sell the project. I don't even see how anyone can catch up to ICP when it comes to vision, tech and execution of that vision. The chances of ICP going in to the hundreds this bull market are very solid in my opinion, above 50%. How high it peaks i can only speculate. My gut feeling is $200 - $400.

I say the ICP risk reward is great because currently you are buying it at 4 4B MC valuation, which i think is great because of the fundamentals that the chain has. Lets say by the end of this bull market conservatively it gets to $100B MC and you sell there. That is a 25x return. Lets say you buy and you stake it, because ICP has a great staking mechanism, you are essentially getting paid to hold your position. There is effectively a 1 month lock up period if you stake for 8y, because you can always sell your account at around 15% discount. Your downside is very limited. Lets say 50% of your investment and your upside is 25x. I would take that bet every day of the week.

I know that the traditional 4y crypto cycle says we are half way tough the bull market, but i dont like how the price is closing below the 21 week ema at the high for the past couple of months. Also the 10y - 2y yield is reinverting from negative to positive after being inverted for like 2 years. Usually when this happens the stock market begins a bear market. What im trying to say is that the macro for traditional markets is not aligned with the 4y crypto cycle for a bull market. If we are to clear the high we need to do it right away, because if we struggle to do it for a few more months we might run in to a recession. And if the US is in a recession crypto aint going up. Its going down. I really wouldnt be surprised if in 6 - 8 months BTC is sitting at 30 - 35k. And all these alts are making new cycle lows.

Every one thinks rate cuts are good for crypto. But history shows that when the FED starts cutting rates the stock market goes in to a bear market. When the markets fall to an uncomfortable level for the Fed they start doing QE which re pumps the market again. If the stock market goes in to a bear market for the next year, crypt aint going up. Sell in to the rate cuts rally because people with wrong understanding will probably fomo in and when the excitement wares off its all she wrote. Many of these alts will probably spike down to new cycle lows.

There is 0% chance that the FED doesn't cut rates the next 3 meetings until the end of the year. People are speculating about an emergency cut before September. Also some people are speculating for a 0.5% cut. We are probably going to get a few days rally after the first cut and when the excitement wares off we will start falling again for lower levels on crypto. Until the FED decides to do QE again crypto will most likely not make a new high. And that could be in 3 months it could be in 6 months. No one knows. I expect a long sideways/ down market for that period. My plan is to sell my liquid part of the portfolio in to the rate cut rally, about 15%. And buy back in when they do QE.

If we were to follow ETH in the 2016 - 17 run we need to start moving up right away. We should be well above $100 in mid 2025. Squeeze all the shorts. Not very likely but this is crypto after all not the SnP 500. Even the prices are the same. Pumped to 21 and dumped 71%.

ICP fundamentals: 1. Apps fully on chain. 2. DAO that actually controls the code and apps on ICP. 3. No bridge, interoperability. 4. Multi chain layer 2s running on one network. 5. No oracles needed. 6. Infinitely scalable. 7. Cheep on chain storage. 8. Reverse gas model. 9. Sweet staking rewards. 10. Biggest and best R&D team.

Imagine how the world was before fiber optic internet, google, youtube, facebook, instagram, tik tok. People actually spend their days in a totally different way then they do now. You actually needed to network in real life and go outside. Can you believe that? A similar transformation will come out of crypto the next 10 years. The internet will look in a totally different way and the apps that we use are going to be build on chain. Most projects will be community owned trough a crypo token. Real world assets will be tokenized. We don't even know if our governments aren't going to force us to use their government cryptos. And you are out here drawing lines and speculating on a rising wedge? Are you joking me. This transformation is way bigger then TA.

ICP outside of the top 10 is absurd. It is the only real web 3 platform. - Where else can you create the backend and frontend of your app on chain? - Where else do you have an integrated governance system on a code level? - Where else do you have a BTC and ETH layer 2s integrated at the same time, without using a bridge? - Where else do you have AI fully on chain? - Where else can you store a GB worth of data on chain per year for 5 bucks? - Even when you compare basic chain benchmark metrics that people like using as a comparison to other chains, nothing comes close. - When you look the team working on the project compared to other teams its like comparing Man City to a village team. This project is so obvious as an investment I'm getting giddy. Easy 100B this cycle. I'm saying 100B because many people cant imagine a higher MC for projects other then BTC and ETH. There is absolutely no need to look at charts with this project, because this is an investment, not a trade. Stake it and live off of the rewards.