Thanks for this article Arthur, an interesting perspective and as you say "Money does not have an opinion either" or as I say money is neutral it is the intention of the person using it that determines the outcome.
I mostly have Bitcoin and have been thinking that maybe I should transfer to some other coins, especially as bitcoin fees are so high, I do feel this is going to put people off if they don't do something about this.
Have you checked out OMG? I love the concept of their wallet, including fiat with crypto all in one wallet, so needed, I'm sure this will be very popular. I have no idea of the technical side but I can see this is much needed.
I'm going to checkout Cobinhood now!
Re IOTA, I notice that it is low on the charts against bitcoin, whilst high against dollars - does this mean it's a good buy if you purchase with bitcoin or not?
Thanks for your posts, as others have said they are so easy to read and understand - most needed! :)
Hi Michelle, thanks for your kind words as usual. I so agree about "intention" regarding money.
Dont worry too much about the price against Bitcoin and dollars. It is early days with IOTA but it is going forward all the time. In the early days of Bitcoin it to time for ti to gain momentum but trust me, interest in IOTA is growing stronger everyday. I have just finished another post telling of their latest achievements. I think when you bought IOTA is it was about $0.38. At the time of writing this it is $0.61. It may fluctuate on Fridays as traders take out their profits but I cant see it going down much at all- It can only rise steadily from here.
Whenever it went below $0.40 I bought more. But now I think I will buy it if it falls below $.055.
I have heard good things about OMG so I think that is a good choice. You are becoming a smart investor : )
Hi Arthur, you're welcome, thanks for all the advice you share with us!
With Bitcoin and IOTA, I don't really understand the charts or exchanges, so my question is if I'm buying IOTA with bitcoin when the chart shows the rate of IOTA as low to bitcoin, am I getting a better deal than if I was buying in pounds?
So in this chart it's around $0.64 but bitcoin amount is showing $0.48 - not sure if I'm reading this right or not!
https://coinmarketcap.com/currencies/iota/
Yes I do agree there comes a point when it's only going to go up with a new coin, if it's good and I'm sure that is true of IOTA. I don't have any funds left to invest, I can only swap from bitcoin, but if bitcoin is high then that's ok as I'm getting more from it!
Great you've heard good about OMG. Thanks, I'm working to learn more! :)
The Cobinhood looks really good I was checking it out last night.
Im not sure exactly how you are reading the charts but either way I would always buy the lower price. Generally it is better to buy in Bitcoin as bitcoin is a deflationary currency whereas the dollar will always go down. But of course Bitcoin can go down but it will always be temporarily. Bitcoin it literally programmed to go up.
I was shocked this morning to see that you wrote the price s was $0.64 ha ha it seems my latest article has pushed the price up. I posted it all over the web last night - I did not expect that as I would have bought more IOTA before I posted it. I was silly there lol
I post a lot on IOTA forums and crypto forums and I am getting a name in the IOTA space for giving solid reliable information. Here the post:
https://steemit.com/cryptocurrency/@arthuradamson/iota-is-a-tortoise-with-rockets-attached
I will be joining Cobinhood myself for sure.
Hmm sounds like I'm not reading them right then! I will have to search out a video on how to read charts and how the exchanges actually work!
Yes I'm sure you have been the reason for many to buy IOTA, perhaps you could let us know before you're going to rave about it and put the price up!!
I guess some will sell so it will come down again a little for us to buy again at a lower price?
Thanks for the link and information videos etc. Interesting new snippits of information, making everything else make more sense!
Is Cobinhood in some testing only phase? I've been on their website and can see that the coin is trading, but can't see how to buy it.
Thanks again for all the information, help and tips! :)
ha ha I will definitely warn before I post next time Michelle lol
I caught myself out this time lol
Had many on the forums thanking me for getting them to hold onto their IOTA - many were just about to sell and the price went up.
Generally Friday is a good day to buy because traders cash out their profits for the weekend. However Bitcoin is expected to have a big rise now - up to at least $10,000 or more so IOTA may go down again. But I would be shocked if it went below $0.55 ever again. IOTA is gathering solid "mature" investors who are in it for the long term so that means there will be good support for resistance.
Yeah Cobinhood is still in beta - I will give a call out when it goes live
Great to hear Arthur!
Now you know the effect you have the market! :)
I will ensure I check rates on Fridays. Actually, I'm pretty impressed because I've set up a spreadsheet of all the coins I have and the high and low rates & what I 1st bought at so I have more of an idea of what is a good price, because figures just fly through my mind and miss my brain!!
Thanks re Cobinhood and for shouting out when it's going to go live. I'll keep an eye out.
That reminds me of what I used to do that when I first started trading : )
I had sheets all over my wall and charts with arrows and all sorts - Im so used to it now that I have them all in my head - but I admit I do take screen shots to help me keep track. You keep those spread sheets Michelle good idea