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Title: Reason for IOTA leveling out Post by: Raspen on June 19, 2017, 08:55:07 AM I'm pretty new to cryptocurrencies and I have a question regarding IOTAs development on the market.
What factors lead to a price leveling out like this? Is it the small volume that is traded? I'd like to understand the mechanics behind this. Title: Re: Reason for IOTA leveling out Post by: Argon2 on June 19, 2017, 08:57:02 AM I'm pretty new to cryptocurrencies and I have a question regarding IOTAs development on the market. Avoid IOTA like plague. No more advice. ;)What factors lead to a price leveling out like this? Is it the small volume that is traded? I'd like to understand the mechanics behind this. Title: Re: Reason for IOTA leveling out Post by: GRR on June 19, 2017, 11:06:05 AM Actually it is simple. It was overhyped beyond belief which makes every smart investor sceptical in the first place. Nice brand, nice design, but technologically not so advanced until today. Undeserved high market cap of 1.7b at start. Now the hype continues to wear off until it reaches bottom. Could be still some weeks until you see an upwards trend and I would not suggest to buy anything before that. The initial investors who accumulated in the last months already sold or are still selling everything they have because they speculated on a nice ROI when IOTA finally hit an exchange. I would strongly advise against buying in larger quantities at this moment. Just be patient and see how it develops or just take your chances with a great risk.
Title: Re: Reason for IOTA leveling out Post by: bct_ail on June 19, 2017, 11:45:43 AM I'm pretty new to cryptocurrencies and I have a question regarding IOTAs development on the market. Avoid IOTA like plague. No more advice. ;)What factors lead to a price leveling out like this? Is it the small volume that is traded? I'd like to understand the mechanics behind this. On Bitcointalk are so many topics about IOTO. Search for it Title: Re: Reason for IOTA leveling out Post by: TrumpD on June 19, 2017, 12:01:06 PM Actually it is simple. It was overhyped beyond belief which makes every smart investor sceptical in the first place. Nice brand, nice design, but technologically not so advanced until today. Undeserved high market cap of 1.7b at start. Now the hype continues to wear off until it reaches bottom. Could be still some weeks until you see an upwards trend and I would not suggest to buy anything before that. The initial investors who accumulated in the last months already sold or are still selling everything they have because they speculated on a nice ROI when IOTA finally hit an exchange. I would strongly advise against buying in larger quantities at this moment. Just be patient and see how it develops or just take your chances with a great risk. I agree with you, And most importantly they are yet to fully disclose how their network is secured, POW alone cannot secure it as very little hashing is being done.Their POW is scaling only with the transaction rate, in other blockchains it scales with the block reward but here it does not apply. Title: Re: Reason for IOTA leveling out Post by: pascal257 on June 19, 2017, 01:04:21 PM As I read here (https://bitcointalk.org/index.php?topic=1596208.msg16046062#msg16046062) ICO price of 1 mIOTA was 40 satoshi?
With current market rate thats 400x right? Can't imagine it going much higher once a bigger investor decides to dump his coins one by one. Title: Re: Reason for IOTA leveling out Post by: Febo on June 19, 2017, 01:06:03 PM I'm pretty new to cryptocurrencies and I have a question regarding IOTAs development on the market. What factors lead to a price leveling out like this? Is it the small volume that is traded? I'd like to understand the mechanics behind this. That is how ICOs work. People invest tiny amount of money, get tookens and then dont sell them to newcomers that want a piece of crypto. Price then goes up. ICO is ofcourse not a crypto. PoW coins are. PoW coins are daily mined and there are always enough for newcomers to buy, since miners need to pay their electricity they use to mine. Title: Re: Reason for IOTA leveling out Post by: Raspen on June 19, 2017, 04:31:48 PM Actually it is simple. It was overhyped beyond belief which makes every smart investor sceptical in the first place. Nice brand, nice design, but technologically not so advanced until today. Undeserved high market cap of 1.7b at start. Now the hype continues to wear off until it reaches bottom. Could be still some weeks until you see an upwards trend and I would not suggest to buy anything before that. The initial investors who accumulated in the last months already sold or are still selling everything they have because they speculated on a nice ROI when IOTA finally hit an exchange. I would strongly advise against buying in larger quantities at this moment. Just be patient and see how it develops or just take your chances with a great risk. No, you're an idiotCould you elaborate? What is your explanation? |