I now only invest in crypto that has a product I can actually use as a relatively low-tech consumer. IOTA may do well but I won't buy until there is something that works for average Joe's like me. I can use the Bitshares DEX (just shorted HERO into existence and sold it... holy crap), I can use Steemit and Bitcoin. So that is where my money is.
thats really good and you are right abou this.
personally I wont advise anyone to invest a single cent in IOTA.
the three reasons are:
1st: IOTA was priced at $0.63 when first released to the market, at the time of writing this comment IOTA is only $0.41. which means it is in down tend. and went from 6th position to 8.
2nd: reason is that it is available only on bittfinex and could play with it the way exchange wants.
3rd: the trading volume in first 24hour released to the market was more than $34million, the time of writing this article only around$3.5million.
use your logic anyway,,, who knows what will happen....?
IOTA has been around since 2015 - it's only hitting exchanges now because the devs are ready to go into beta. Prior to Bitfinex, it has been trading privately on Slack, increasing in value. Anyway, the moment it hit Bitfinex it was trading for 4x what it was worth pre-exchange. This is why any coin introduced to an exchange drops right off the hop - because it is always being sold for way too much money at first and a couple poor saps buy it while the rest of the market waits it for a more reasonable price.
I will write a thorough post about IOTA in the near future, I really love it. I have not bought yet, but will as soon as it consolidates further. Consider it a long-term, two year hold with the actual potential to disrupt and usurp ETH and co. Will that happen...who knows. But I do believe it will still be here in 3-5 years.
I like the way you think, it's a good strategy imo. They always say, don't buy in to what you don't understand or can't use. I myself am all in on Bitshares at the moment. After the big rise 1,5 weeks ago, it's very stable at 12000 satoshi atm. So I'm expecting that it will see something similar happening in the coming period, after which it will find a new support level even higher.
Cryptocurrency is still in volatile market, it's hard to predict which is going to remain on top. The obvious choice right now is BTC, ETH andLTC. Ripple and ETC are withing reach and affordable.
personally I wont advise anyone to invest a single cent in IOTA.
the three reasons are:
1st: IOTA was priced at $0.63 when first released to the market, at the time of writing this comment IOTA is only $0.41. which means it is in down tend. and went from 6th position to 8.
2nd: reason is that it is available only on bittfinex and could play with it the way exchange wants.
3rd: the trading volume in first 24hour released to the market was more than $34million, the time of writing this article only around$3.5million.
use your logic anyway,,, who knows what will happen....?
IOTA is supposed to be using a "Tangle" instead of a blockchain. There are no transaction fees, instead to get confirmation for your transaction, you have to verify 2-3 other transactions. It is targeting Internet of Things (IOT), hoping to be the way sensors and other smart devices report to each other and back to the main network. I bought some at $0.66, and they immediately dropped to $0.40, lol. I'm still going to hold them, but like others have stated, they have no actual use case right now, and all price growth is fueled by speculation.
I now only invest in crypto that has a product I can actually use as a relatively low-tech consumer. IOTA may do well but I won't buy until there is something that works for average Joe's like me. I can use the Bitshares DEX (just shorted HERO into existence and sold it... holy crap), I can use Steemit and Bitcoin. So that is where my money is.
I agree, I'm mostly sticking with coins that have a working product. I'm almost all in on steem.
Good comment
https://steemit.com/@shenkawys
https://steemit.com/@shenkawys
@inventor16 yeah bro u r right i got lucky baught it yesterday at 0.000807btc per coin and price jumped today
Upvote if u agree
thats really good and you are right abou this.
personally I wont advise anyone to invest a single cent in IOTA.
the three reasons are:
1st: IOTA was priced at $0.63 when first released to the market, at the time of writing this comment IOTA is only $0.41. which means it is in down tend. and went from 6th position to 8.
2nd: reason is that it is available only on bittfinex and could play with it the way exchange wants.
3rd: the trading volume in first 24hour released to the market was more than $34million, the time of writing this article only around$3.5million.
use your logic anyway,,, who knows what will happen....?
IOTA has been around since 2015 - it's only hitting exchanges now because the devs are ready to go into beta. Prior to Bitfinex, it has been trading privately on Slack, increasing in value. Anyway, the moment it hit Bitfinex it was trading for 4x what it was worth pre-exchange. This is why any coin introduced to an exchange drops right off the hop - because it is always being sold for way too much money at first and a couple poor saps buy it while the rest of the market waits it for a more reasonable price.
I will write a thorough post about IOTA in the near future, I really love it. I have not bought yet, but will as soon as it consolidates further. Consider it a long-term, two year hold with the actual potential to disrupt and usurp ETH and co. Will that happen...who knows. But I do believe it will still be here in 3-5 years.
yep, it is easier for me to get excited about coins with tangible products like STEEM, rather than something random like Dogecoin LOL
Our comeing future digital coin👍👍👍👍👍👍
I like the way you think, it's a good strategy imo. They always say, don't buy in to what you don't understand or can't use. I myself am all in on Bitshares at the moment. After the big rise 1,5 weeks ago, it's very stable at 12000 satoshi atm. So I'm expecting that it will see something similar happening in the coming period, after which it will find a new support level even higher.
#fingerscrossed
awesome idea @johnsmith now you've sparked a brainwave...
hmmm
I would be interested in learning more about IOTA ... why do you think its a good time to buy?
IOTA loss close to 400K marketcap from last week. I even blog them for taking no.6 of Top 10 new crypto currency https://que.com/block-media-1-iota-in-top10/, now at no.8
Cryptocurrency is still in volatile market, it's hard to predict which is going to remain on top. The obvious choice right now is BTC, ETH andLTC. Ripple and ETC are withing reach and affordable.
It deserve my up vote.
Please up vote me and follow @yehey.
Thank you.
personally I wont advise anyone to invest a single cent in IOTA.
the three reasons are:
1st: IOTA was priced at $0.63 when first released to the market, at the time of writing this comment IOTA is only $0.41. which means it is in down tend. and went from 6th position to 8.
2nd: reason is that it is available only on bittfinex and could play with it the way exchange wants.
3rd: the trading volume in first 24hour released to the market was more than $34million, the time of writing this article only around$3.5million.
use your logic anyway,,, who knows what will happen....?
how does it goes IOTA can u explain in brief
IOTA is supposed to be using a "Tangle" instead of a blockchain. There are no transaction fees, instead to get confirmation for your transaction, you have to verify 2-3 other transactions. It is targeting Internet of Things (IOT), hoping to be the way sensors and other smart devices report to each other and back to the main network. I bought some at $0.66, and they immediately dropped to $0.40, lol. I'm still going to hold them, but like others have stated, they have no actual use case right now, and all price growth is fueled by speculation.
The drop before the bounce bro! Its gotta be a good investment if it becomes IoT standard.
Cryptocurrency is volatile now. Maybe it will be pumped tomorrow. Good luck ,man lol
Agreed IOTA looks very promising. Proof of it being even faster than ETH emerged.. I expect great things from them
Same.