Bitcoin Forum

IOTA has trillions of coins in supply that have been manipulated to 100x ICO price by getting traded privately before getting on exchange, expect major dumps. Initial investors are itching to get demand for these coins and dump them on peoples' head. It can get on exchanges at any time from now.




http://iota.market



A semi private exchange(you probably never heard of) that is being operated by some Slack team and a trading bot with 0 fees just holders and these guys selling to themselves or each other making a nice graph rise trying to reel in new investors. Once it goes on exchange to the public watch how hard the dumps hit. Even for the people buying right now at 100x they're going to get dumped on.

Do you have a source for this that I could use to research further? ICOs make me nervous to begin with and if what you're saying is true, it will reinforce my avoidance for ICOs in general. Thanks.

ICOs are fine just gotta find the right one you believe in, the one I'm calling out manipulated its price for initial investors which is kind of a scam for people who will buy after it gets on exchanges because if demand picks up massive dumps will happen.

Nice FUD going on here.. im sure you want to get some cheaply  

Links to some of this would be nice. Otherwise we just have your word and that doesn't mean much in these forums.

When allegations such as this are made, its best if its backed up by facts and verifiable source like others have rightly said because your warnings does not mean all those interested will read this while some will read and interpret as a troll because of the fact that the warning is lacking in content. Also, there are several people outside the forum who are likely going to be involved more than what you imagine.

http://iota.market



A semi private exchange(you probably never heard of) that is being operated by some Slack team and a trading bot with 0 fees just holders and these guys selling to themselves or each other making a nice graph rise trying to reel in new investors. Once it goes on exchange to the public watch how hard the dumps hit. Even for the people buying right now at 100x they're going to get dumped on.

well, IOTA has intersting tech but for sure the DEVs are not handling things right and act very fishy. I did find it intresting at the start but i for sure will never invest . Also they keep saying they are not listed because they do not care, well if they do not care then why have the option on slack for people to trade.

Also , they do not even have working explorer. and i am sure exchangers demand working explorer

Given that IOTA doesn't work like other blockchains or coins, I'm not surprised that it's taking a long time to develop these services. I will say there seems to be an awful lot of FUD surrounding IOTA without a lot of concrete proof, seems like a lot of chatterbox talk is fueling these things. IOTA is in demand on the forums with people wanting to buy and I see that people want to sell on slack. I don't see anything nefarious about this, this has been going on with altcoins for years. Seems like an agenda against IOTA for no reason to me.

No trading fees certainly means that the price is fake..just make 2-3 accounts and trade to any price you like.

There’s a bunch of a hype surrounding this coin, I don’t really know why people want it so much. I would rather purchase Ethereum than trying to purchase IOTA because there is not that much price movement compared to the amount of hype it gets.
Maybe they will have larger updates on progress in due time.

If it has the potential to bring me profits I'll buy, no matter what. Many top coins including ETH started like this - under heavy FUD attacks. We'll see what the future holds for IOTA.

Did you make a quick search about IOTA?

I wondered and started to search it on Google. We have to find promising Project that are just about to get launched.

I remember that IOTA has similar tech with Byteball, right?

IOTA is really revolutionary. While Ethereum has 40 TX/s, IOTA can manage up to 1000 TX/s! And they are currently doing a lot of stress tests

Try to think what happens to your plan when someone else (or multiple people!) joins and wants to buy or sell.

There's many other projects coming with 1000 TX/s.. The point is the coin price has been heavily manipulated as from the start it is already a sub penny coin with 23000494498383848417182 coin supply lol and for them to just trade it privately trying to cause hype when it comes on exchanges they will try to power demand and if people get behind it and big buy order comes they'll commence with massive dumps. 100x before getting on public exchange with unlimited coin supply, multiple coin supply with the 100x price and look at the dump potential watch..

Don't compare ethereum release and ICO with this. Ethereum was a widely advertised ICO and has a large POW phase to its distribution.

Not even comparable in terms of initial distribution.

Advise taken. Will wait for this thing to plummet once it hits exchanges. Too many people want to sell.

Oh Thank You so much for this warning!!
Oh my god - everybody stay out of this, don't run into your ruin people!!!  ;D ;D ;D :D

The idea of iota is interesting with 0 fee transactions and scalability, however, we don't know how it will work in practice.

quite the contrary, 'WE' as in 'early adopters and participants' have benn running this for ~18 months now  and hence have an ever increasingly precise idea how it does work in practice.

which is exactly what occurred in Bitcoin during the early days - FUDders whine and FUD, early adopters get rewarded handsomely for supporting a project against FUD

Nothing I have stated is against the facts.

Exactly. The earlier it is, the more risk there is. It's only fair the reward is higher as well, high risk - high reward.

It only gets sad when people wake up late when it's been proven to work and start crying when they can't have no risk - high reward deal out of it.

Under no circumstances should a coin be traded privately to inflate it before getting on exchange

Agreed on the bolded part. How does that apply to IOTA (the subject of this thread)?

Wait a minute. People trading coins before hitting an exchange?

THIS IS NOT DEFINITELY STANDARD PROCEDURE!




/ironic

I also become part of their slack, I think IOTA will be the next one who will master the coinmarketcap other than ETH and others

then your rank is at least Obersturmbannführer, korrekt?

I don't see anything wrong with that. This is crypto world, not wall street, people can do whatever they want with their coins.

"In the near future, we can expect that a machine will be able to pay its assembly, its maintenance, its energy and also for its liability insurance by giving data, computing power, storage or physical services to other machines. For the first time in history a device will be in a position to earn and spend money on its own. At this point a machine turns into an entity that tracks revenue and expenditure from its own activities."

Sincerely,
Iota


"Today, we have “unbanked” machines with limited possibilities to participate in economic activities, as no traditional bank is willing to give a bank account to a machine. Now, devices can achieve self-sovereignty by owning their wallet to store digital currency. Income is generated by a machine through physical or data services without any middleman and can be used for purchases like insurance, energy or maintenance.
These scenarios are possible with IOTA. When tracking the identity of machines, “know your customer” (KYC) — which is the main criteria for a bank to provide a bank account to a customer — is also applied to machines: “Know your machine” (KYM) or “Know your object” (KYO) is the beginning of self-sovereignty for machines.
IOTA offers a unique set of distinctive features to machines that sets it apart from other blockchain technologies."

Sincerely,
Iota


This coin is not meant to be used by humans it's for machines as they've stated.


What do you plan on doing with the coins? Selling your coins to iRobot in 2030? 😂


IOTA used your money to make their centralized company successful but their coin will be useless. All these coin holders hoping some machine comes to buy their coin to use for payment just like Ripple investors hoping banks come buy their coin. Sad to say but even banks have a better chance of buying XRP than companies that utilize robots have of buying iota coin. Even if one in a million chances a company needs robot to robot payment, most likely they'll be given it for free and very very little will be used. This whole scheme is to fund their software company, sorry for whoever fell for it. Next time think a little harder about what you're buying. You aren't buying their company shares just a coin meant to be used for robot to robot payment which no one needs.



 

I just had a look at your post history, silly little trollpuppet ...  :D

that's right so whatever happen behind privately we don't have business there, the only thing is we do risk our money after hitting inside any exchange
and its our choice whether to support or not no one will force us, its a matter of timing for us to able to gain some good profits.

It clearly has some problems, but remember, the markets are irrational. No one expected people would give a price of thousands of Bitcoins for a single ZEC at launch. The end of the story we know well...

Yes, but it doesn't mean to start trading your own coin and not caring about anyone would buy them in exchanges, the developers clearly said that they do not care whether Exchanges accept IOTA or not.
It's better to wait for it to hit the exchange and see what happens.

Sure, I think the simpler way is always preferable to avoid problems for investors. In the case of Zcash, the price was inflated because there was almost no supply at launch, even so the currency was launched on Poloniex the first day.
Most people lost money that day, with the exception of insiders, and people using private software to mine using GPUs. You would have to be very lucky to mine something substantial using the open source CPU mining software.

You can never take any price seriously before there is able to trade it transparently.  It I remember they promised an exchange a year ago. I bet there will not be one fro 2 more years.

Nice... I have 8 BTC. How much are you willing to bet?

heheheehehe

https://twitter.com/bitfinex/status/871457013993152514

Isnt there like a few quadrillian coins in circulation? Even at 1 satoshi i feel like the marketcap would be huge

2779530283277761 those arent random numbers thats how many the total supply is im reading.

Will be traded in units of 1M.

That number was selected so there is no need for decimals. This is geared towards computers using the token so why not.

What is one million going for right now on the iota exchange

Ok folks, a thought exercise:

What if we used 1 satoshi instead of 1 bitcoin as a unit for denominating value? People would freak out - we have quadrillions of satoshis in existence! How would that actually impact the value or market price of BTC though?

Now let's use 1 GigaIota as a unit of value. Boom. There are only 2.8 million GigaIotas in existence. The current price for each GigaIota is 0.1 BTC. There you go. You can safely proceed now to research the project in greater detail and assess its value based on stronger criteria, rather than getting stuck on the total number of coins.
 

Was it so hard to send a request to ydx?

I don't think so.

The best strategy with this launhes is always to wait for it to dump and find a floor.

I think there's the need for us to be able to regulate the creation, launching and enlisting of Altcoins in th exchanges. It seems everyone just don't care about standards and they bring out just anything that's why it will give the OP the right to also say anything (if it's untrue). If a regulatory body sees tobthe creation of Altcoins people will be able to identify the good ones from the bad ones and nobody will be able to badmouth the good ones.

SCAM ALERT, do not buy! Guys seriously, IOTA will dump big time, warn everyone!