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Self-moderated thread for discussion of Iota trading and price speculation.

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(I copied this text from Smooth's Monero Speculation thread. Thanks to Smooth!)

What was the price before it hit the exchange?

What do you guys think where will the price go in the next few days?
I read on twitter:
"$IOTA is about triple what OTC trading ended at 12 days ago, want to see that gap fill as liquidity reaches finex" @cryptopathic

What do you guys think how low will the price go and which price is suggested for an entry?

http://iotaprice.com

iota ----> eth

Are you on glue?

IOTA is superior to eth. No transaction fees, and unlimited scalability.

https://www.youtube.com/watch?v=LyVLq13WfsE

No tx fee and unlimited scale, where is the economy?

yeah, same question I was asking here: https://bitcointalk.org/index.php?topic=1965328.0

Do you have a running testnet with a stress test to prove your scalability claims? Bitshares did this and found out their TPS is much less than the expected 100,000/s .. Prove it or its just BS.

Circulating Supply
2,779,530,283 IOT

Max Supply
2,779,530,283 IOT

They sold all the iota to the funders and now funders have to sell their iota's to other people.

No PoW, no fee, no economy.

Fucking ponzi.

If everything is free with iota,.. Why would i pay for an IOTA? Don't make any sense dawg

Lots of assumptions and little understanding. Consider reading up on the project.

WRONG!

There was an IOTA crowdsale one and a half year ago. Here is the thread https://bitcointalk.org/index.php?topic=1262688.0
Bitcoin worth around one million $ (at this time) were collected. Development and heavy testing was ongoing over more than a year ago. Most activity happened in the Slack channel with a lot of people which were active there. First beta version was released in March 2016 and trading has been since then but not on official exchanges but in Slack channel. Today is the first day the coin hit a "mainstream" exchange. From the slack price to the Bitfinex price it just ten fold.


Read the white paper to understand the concept. IOTA is brilliant. It uses POW. Before you are able to create a new transaction you have to confirm two previous transactions in the network. The more transactions are created the faster the transactions are and the more can be processed.

IOTA does not follow the known blockchain pattern. It is something new. You have to take this into consideration when arguing.

This coin came from nowhere straight to the top 6. Seems legit.

people You are blind? have look:

2,779,530,283,277,761 total supply IOTA :D = 2,779,530,283 Mega Iota

direct link : http://iotasupport.com/whatisiota.shtml

price is 1000000 more high value than should be

that must be a joke  :D

Price is actually correct, coinmarketcap was mislabeled the name.

Coinmarketcap should read MIOTA which is Mega Iota as in 10^9

All price and trading is done in MIOTA

IOTA does not use decimals as BTC does.

2,779,530,283,277,761 IOTA

1,638,927,500,000,000 Satoshi

Is it really that hard for people to not think in terms of decimals  :D

Think of 1 IOTA as 1 Satoshi and there is only twice the supply. IOTA is meant for micro transactions between Machines, not humans.

I've been following the project for around 1.5 years, and bought in right after ICO. If you guys have real questions I'd be glad to help. Anyone who says this tech came out of nowhere is a moron. Its almost 2 years old now and sprouted from the JINN project/devs. Most are just upset they missed the boat, because there was no flashy ICO or huge announcements or advertisements. Devs have basically only focused on making the tech work and actual development which is lacking in new coins these days.

There are some pretty big investors lined up as well, but they are not confirmed or announced yet so I will not mention them, but there are some that have been announced and I hope you would research that as well. Transaction thorough-put has been tested, and verified during last stress test(done mostly by community). The trans/sec is actually real guys...

Can you answer this (quoting myself from another post):

Iota introduces an interesting new concept in the crypto scenario: the directed acyclic graph, or DAG. Basically it's an evolution of the usual blockchain, requiring no fees and without scaling issues.

Nevertheless, after having a quick look at the white paper I still don't understand how the nodes will keep working continuously. In the "tangle" there are no miners, the beloved greedy workers of the Bitcoin blockchain. Instead, here to perform a transaction, you should verify other transactions first. In the white paper (http://iotatoken.com/IOTA_Whitepaper.pdf) they say:


I'm not convinced by this statement. In fact, let's say that  I'm a node and I don't want to be excluded by other nodes (and even on this I would like to understand what it means to be excluded. If you start again working hard can you be re-admitted? I could work only if I need to do transactions).
If my fellow nodes work x, I could work 0.99 x to not get excluded and minimize my work. But this reasoning can be applied to every node, since electricity has a cost, so everyone one will lower its effort, resulting in a system that perform poorly.

Why don't you ask your question in the Iota announce thread?

https://bitcointalk.org/index.php?topic=1216479.9120


Some nice infomercials on Iota:

https://www.youtube.com/watch?v=h09z2N0MtuQ&t
https://www.youtube.com/watch?v=LyVLq13WfsE

I believe the price will go down soon.
If I decide to entry, then it will be in about 3 days.

MY target: 0,1 USD


Just speculation.

I like the idea behind it but the initial valuation it got is way too high. I speculate it will crash before taking on a more realistic pricing and possibly growth cycle.

As to why a node would want to propagate here is how I understand it:

1) the difficulty is not high with IOTA, it can't be because anything with a processor needs to be able to perform a tansaction. This includes cell phones, modems, desktops, laptops, etc.

2) the more neighbors, the faster the network grows/operates. Would a visual help? This is the tangle live:https://tangle.blox.pm/ (https://tangle.blox.pm/)
you basically have a new way to connect with every new neighbor, so it makes sense you'd want as many neighbors as possible that are not "lazy". If your node is lazy, you essentially are not operating on the network to full capacity and get blacklisted. Electricity costs for this is negligible. The "proof" does not require a miner, only a device containing a small amount of processing power.

I'm not extremely technically savvy, but I have tried to keep up since I have a decent amount,

Hey, I have just finished my video about doubts and concerns about IOTA and what I think about it; maybe it helps some people here to understand IOTA a bit better : https://youtu.be/9-uzzNocgvk

$1

This is too good an idea to not jump on immediately, buy and HODL! Top 3 coin easily.

I agree. It was a bit crazy and unfortunate (for me as a new investor) how high this started on exchanges but it actually rightfully took it's place. This is Crypto 3.0.

it's just interesting that the market cap of the exchange is very high in value .

Cryptocoins are valued by consensus.
I am not seeing enough consensus for IOT to be worth a billion

So, this smells fishy.

It's not high. It's low.

Right now it's only available on one exchange that is currently blocking deposits... So the real price could be much lower.

When will they allow deposits?

It is like a setup. do not put buy orders on this!!!

bitfinex is blocking deposits? :o
didnt know about it

seriously? 1bln for 2miln investment? If I were token holder I would dump it like hell. 500x return! this is Sheisse, just watch OIT!

nobody should buy it at this price!

Hard to sell it, if you can't deposit your coins ......

I assume market cap will go down hard once they open it

is there a way to short this thing? I would love to short it big time.

me too, but its not possible yet "until order book is filled". i can buy it, but the price is too high, not worth it now

Hope it gets to more respectable exchanges. Bitfinex has lost my trust

Just curious how BFX lost your trust?

I see them as the most respectable exchange... they paid everyone back after the hack.

yeah i can confirm. i didnt have too much there and it took months, but i got  everything back.

but IOTA is currently @ 0.545 there, and its way much higher than where i would consider buying. maybe i can try to buy very little amount just for fun.

Right, they paid me back just fine.

I guess pulling an exit scam = respect.

I guess running a cheap exchange like Poloniex = respect.

Dont buy now. It will go down  ;) Wait till they can deposit their IOTA.

When it passed 1 billion dollar market cap harshly, I was very surprised. Some people still telling to invest in that but it was already pumped a lot.

You are right, IOTA is getting dumped right now  :-[

Deposit is enabled?

Yesterday price was 500 times higher then in ICO. Today a bit less. In general, when trading in BTC it cant get lower then 1 satoshi :P

Thank you. Now I can sleep  ::)

Market cap below 1 billion.
-> Very soon below 900 million.

It is crashing right now.

DONT BUY

Just checked it. Deposit not available yet.


Speculation:
Iota will crash to probably 200 - 300 Mio Market cap.

Luckily I see this coming and I didn't invested, who knows where the bottom is.

Who cares, there are plenty of good coins to make gains on. This one IOTA can drop down to 1 sat for all I care. When it hits bottom and stays there for a while I may buy some then.

$0.36 still too high for me to buy.. its not dropped enough yet

Ya, it doesn't matter where the bottom is. As long as you get in before it spikes by investors who discover it. IOTA is literally still an infant. But it definitely has a lot of potential. What they're doing is very ambitious. There are only a couple security risks that have been noted by an instructor at UC Berkley. You can find it on reddit, but one of those risks is theoretically possible on bitcoin as well.

Just by looking at Bitfinex selective portfolio on well known coins -- minus IOTA -- is also another reason why I'm interested in it. Although Bitfiniex did have a negative public press on a recent event -- they did refund everyone which was about $70 ish million. Could it have been publicity stunt to bring in trust? Maybe.

The people who are teaching about IOTA in a classroom setting -- appear to be in an on-going active discussion with the dev team on slack. That implies that inherent security issues will undoubtedly be addressed to the dev team. I just got into IOTA yesterday and am still learning as much as I can. I believe I read somewhere that the white paper 2.0 is due for release very soon -- as well as a few announcement in the upcoming months.

I also jumped in early on IOTA because I have no idea when the other exchanges will recognize and adopt the coin -- or when a few big VC's decide to jump in randomly soon. But when it happens -- I don't want to be that guy who didn't buy, lol. I'll be buying more when as it keeps dropping :)

And finally, it's coming. Can i say that if this just a complete ponzi?  8) ::)  Can you withdrawal your bitcoin from bitfinex? i think if the hype for IOTA caused by the bitfinex itself.  IOTA will always be going down in the future.

I will wait this white paper 2.0, because the 1.0 was really sketchy and vague on many key points.

So when do you guys believe it will be a good time to invest in IOTA? Should I wait until it's below 200M$ Marketcap?

ColorlessK : I will consider it if it gets deeper below $0.1

so cheap ... worth buying now ?

If you want to lose money in the short term - YES!

I saw a post on reddit or twitter from some unknown guy, who asked when will IOTA skyrocket?
The obvious answer is, that it already skyrocketed to the moon, which you can see here: http://iotaprice.com/

People who are buying now, will pay the moon prices, which IOTA does not deserve yet.

Just look at https://coinmarketcap.com/ - YOU can see that the biggest loser is IOTA.
IOTA will go down further until it corrects its price.

are all IOTA holders able to sell now on Bitfinex?
The price is still too high, and the volume per day is still nothing compared to market capitalization.

what is wrong here?

IOTA is a fresh coin, all services need time to upload new technology other than blockchain

4me Iota is the best invest for long horizont 5-10 years. ;D

I guess there are still deposit issues.

No deposit issues. Guess people aren't selling.

Guess people aren't buying neither. Only $2,811,720 24hr Volume    

Wake me up when price is <500m$. I may consider a buy.

Love it, I want to see IOTA give XRP a run for its market cap.

It has a really good potential and can raise to #3 or #4 in marketcap very soon 😎. And still cheap to buy.

i still think this will get a major major dump.
do not fall for this trick. they may be funding their own trading to build up a buy book.

nobody can resist a 500 - 1000x return in 1 year.
they will jump ship.
what happens is small investors get screwed.

If they dump we can buy more and more 8). If you believe in project you shouldnt get scared. We can wait a few months. Not a big deal

No doubt in my mind this project will get a monster dump... but they won't dump it now. They've spent too much time working on the most innovative coin to date... so they have zero reason not to HODL right now. I mean, if i developed a coin, I'd wait awhile to dump... never know where the price can go with this shit. The fact this fucking thing has zero fees... seriously, is this the only thing on the planet that doesn't have fees?

Bought 250,000 of these at $0.30... think I'll enjoy my summer for once instead of day trading 24/7.
HODL for $4.

Fuck XRP. King shitcoin.

Tech is not proved, market cap is sky high.
Maybe it will even go x10 tomorrow, but I cannot buy with these conditions.

Yup, this is definitely my riskiest buy... been trading on/off since 2014.

My last risky buy was for 50,000 STRAT @ $0.05 last November.
Sold @ $0.10.

Invest in a respectable coin and HODL.

Fresh news:

https://www.reddit.com/r/Iota/comments/6jd7wa/ios_iota_wallet_announced_beta_signup_open/

if you do not invest now, may regret later. IOTA is design from scratch and has full potential to succeed. 

I agree, it is a revolutionary blockchainless technology with zero transaction fees which is the best thing that ever happened in crypto.

Have you seen how IOTA scummed to Bitcoin during recent dumps/corrections. From 0.52 to all the way down to 0.14 $. Thereafter no such major gains even though most of the Alt's are flying with BTC.
I have some of my investment stuck in this .. waiting for price to reach the amount I bought in or little profit and I am out of this project.

2+ Billion coins will need 2+ Billion $ investment to even able to reach 1$ price. The 10x-20x was period during ICO when it was sold almost free. Now no major gains even if big investors pump this project. Max it can reach is 5$ not more than that!