Bitcoin Forum

Today, the very well known IOTA is getting down. Many of the investors have made huge profits of around 300% within 1 week but now it is going down very fast. This all happened due to their clarification about the Microsoft-IOTA partnership. Yesterday they clarified that they aren't partnered with Microsoft in any way but they are trying to be partnered with them and 37 other famous brands that include Fujustu etc.
Such news made the investors worried and they started selling their acquired IOTA stock. It is going down very faster if anyone has invested in IOTA should take some profits and sell the coins before it's too late.

But I've been thinking. Is it worth buying this coin for a long time or not? And now I think that we need to read less rumors and buy, if this involves technical analysis of the market.

iota is pure speculation, it has the most pure speculation at about 100%, it sounds like a recipe, but it is true.

Everytime that iota had a hype because of something, or just because they suddenly partnered with a company, it was a fake, volkswagen will never be linked with a crypto who is below four dollars each.


They do not even have a wallet, every one who has iotas is holding all of them in binance of bitfinex (and we all know how unsafe are those exchanges)
Make your own conclusions, a lot of people started to say that iota was going to be the next bitcoin..

What if you buy it at 3.60$ and its price goes down to just 1$ within a week or so on. I know that this coin can be great in future but at the current situation, one should wait for it to go as down as possible. And, then buy it and hold it for at least 1-2 years for some good profits. I have bought around 90 of this coin at 4.02$ and now its at 3.55$. Even if I sell it still I will not make any profit but huge losses.
Those news rumors are just non-sense and one should try to find a good source of the news for some good and real stuff.

maybe you shouls sell iota now and buy back more later?

I completely agree with your wallet statement but the statement about the exchanges still not clear to me. It would be great if you elaborate your answer for the exchanges. I know Bitfinex has been the center of attraction because of the attacks from the hackers and the USD-T. But, in which way is the Binance un-trusted?  I am currently trading on those two exchanges only and I have learnt some good stuff from them and made some profits as well.
I am not really sure about my next moves on those exchanges but I am thinking about a withdrawal as soon as I make some good profits.

even though they made a lot of good movements and  announce  good news  for ex microsoft etc  am waiting to fall down  in next month but is good project will go up again

Then you buy more.  If the price goes down you buy more and be grateful.

Those news are just pure hype up not totally being implemented or considered as partners and investors did see that thing thats why price do have decrease because they are trying to get out as early as they can or else they would lose up some money for sure but if these possible movement for further development or partnerships would be continue then it would really be worth of to hold this coin and would buy on those dip prices.
In my it do have still the chance to progress even more this is why im waiting for the most possible dip price before i would buyback.

So many investors are interested in investing in that coin, they will lose their coins once they invest in it. I think that it's a scam.

iotas pump was too much. sure that there will be a correction. 5$ should it reach after 2-5 years. iota has a big supply also.

Its just a correction,i will still hold this coin in 2018 just wait for itw comeback.

Iota is a huge bubble for the moment, it should probably go back to 10 cents, until it can really gain its value out of the market.

FUD

https://www.reddit.com/r/Iota/comments/7jkg0n/journalist_writing_article_on_fud_campaign/

Was always curious about IOTA

Did not buy IOTA thus did not profit from it but was aware of the HUGE news regarding Microsoft thus the high price claim.
Thought it was quite funny and interesting that lied ( as I understand) and as consequence they gained huge marketcap, I think that part of investors do not know about these bad news yet.

More FUD

https://twitter.com/DavidSonstebo/status/940631227979194368

They scared.  8)

The truth is somewhere in the middle. Microsoft is not really an official partner of IOTA as in investing in it, even if they used the word partner. But they will use IOTA. A better word would be participant. A sell off is logical since the initial news was overhyped.

This. (also the MS employee sent the media that stated "partner." It would be weird for Iota team members to edit it).

Not sure why the MS news has gotten so hyped when Fujitsu and Bosch are comparable in size and are much more involved with Iota. Seems hypers hype and fudders fud--don't get caught by either one.

After IOTA announced that no it has no formal partnership with Microsoft price started to go down. But it may go up again. It cannot go up all the time. There should be a correction. Thats more healthy for a coin.

After increase 300% and it is  normal that price will have correction. If it Iota can survive in this time and maybe even grow more, mean iota has future.

A slight decrease in causes is less clear, perhaps what you say is true.The value of IOTA for today is $ 4.1437. The current outstanding supply is 2.78 billion coins and the total volume has been exchanged $ 450,962,465.

maybe consider reading this to understand why
https://thenextweb.com/hardfork/2017/12/12/iota-partnership-microsoft-marketplace/

Following some speculation from the cryptocurrency community, IOTA has come out to clarify that it currently has no formal partnership with Microsoft, despite its announcement from earlier in November.

This means that the Redmond giant has not yet contributed any data to IOTA’s marketplace, nor does it have any sensors connected to its network. Asked about its involvement in IOTA’s data marketplace, a Microsoft spokesperson told TNW that “IOTA is a Microsoft Azure customer and plans to use Azure to test and deploy its Data​ ​Marketplace.”

Please fact check.

A. Microsoft employee gave the Iota team the media that said "Partner." It would be weird for them to edit media not created by them.

B. Fujitsu and Bosch are much more involved and are comparable in size to MS, so why everyone is locked in on only the MS news is beyond me. You can go and check that yourself  or look here

https://www.reddit.com/r/Iota/comments/7iyffv/old_stuff_bosch_fujitsu_confirmed_for_those_who/


https://twitter.com/RolfWerner/status/935510223175012353 Rofl Werner is the head of Fujitsu Central Europe

C. Here's a response from David on the original article https://twitter.com/DavidSonstebo/status/940631227979194368

D. This was just posted on reddit, and if true, illustrates how this was a frightned attack by the big guns--sad if they are acting like the banks they want to replace https://www.reddit.com/r/Iota/comments/7jkg0n/journalist_writing_article_on_fud_campaign/

Research before you run your mouth and spread wild accusations and rumors--BS just gets in everyone's way.

you just need to pick a side to believe
and i believe that IOTA is a bad project in its nature and has many red flags
if you earn a lot of money with it i will be very happy for you because its not a competition for me ..
i researched enough about it =]

Apparently you are using alternative facts to spread a false narrative--don't worry I learned how to deal with noobs like you with my time in Monero--same shit, different day.

I sold all my IOTA stack that I bought at 30 cents when it reached $4.3 for the first time. Made some real good profits from IOTA this year.

But to be honest, I dont see IOTA falling as fast as OP says. At this moment its still ranging at around $4.2, this is still way overvalued in my opinion. IOTA is a great coin, but it needs organic growth and not such a fomo growth as it has seen in the last week.

you take life too seriously
i really dont think that spreading lies in bitcointalk can influence somehow on the coin
i like when everything is clarified and spreading for days "iota partners with microsoft running data marketplace together" when both sides are not stupid and they know what is means to regular people that read this..  i just dont buy that they are so innocent

Well apparently it popped out and now it's going down again. Still i didn't sell them yet, i think i'm gonna wait at least 6 more months then we'll see.

You must be a noob--do you not remember when every coin that was put on azure called it a partnership? Seems everyone is forgetting that--even though an actual MicroSoft employee gave Iota media saying "Partner," instead of just pulling it out of their ass like so many coins did with azure.

Stop being a concern troll. If you could invalidate the Microsoft emplyee's media, you would do it--instead you are waving your hands and trying to rationalize your BS.

What ever happened with US Citizens and Bitfinex? I had my IOTA in Bitfinex and right at its ATH I continually was getting notices that US residents will be losing access or something so I took the profits and ran. Haven't logged in since

Just like bitcoin and others ,its just price correction any coin that moons needs to rest and be stable.

Good decision mate, still too early for us to panic many things can happen after several months,  I just think that correction really needs to happen
and those who are holding a big shared of coins will try to shake the market to get much more so better to keep holding and wait for more updates
coming from the dev.

Care to share source on other major brands? Did you mean to type Fujitsu?

I sell all my IOTA. These days i was expecting some grow but, all down and down, and the microsoft thing was not real, and they have a wallet with issues, i think they have a lot of problems to solve first.
So, i invest in TRON, is a chinese proyect, and for example today it has more than 120% of grow, is still really early but its really cheaper and i have no doubt that this coin is going to be  in 0,1 in a few weeks.

In my opinion IOTA is very overvalued due to the lack of real applications. There is no any suitable network of 10M devices that communicate and do cash settlement with each other.

I was surprised to see iota down, for some reason when iota is a good coin and can be a good coin for future investment. is the cause of this iota coin down? if there is any specific reason please I am given an explanation.

Many investors believe that one IOTA of coins on them

No clue people are buying Iota when it's so centralized. Isn't byteball a much better coin in terms of distribution?

Microsoft was a small deal that got blown into a big deal that fudders turned to no deal giving iota a raw deal--but more than likely it is the market shaking out weak hands that needed an excuse to panic.

The op should really be banned or some shit. Its just not right yo spread FUD and cause panic when there is no need for panic. I sold but luckily bought back in at the same price. Yes im stupid for not researching but i have seen coins value dissapear when things like this are spread

the microsoft big deal became too hyped in purpose, and now when someone says something that closer to truth from the "bad side" its FUD? :/
stop judging other people, judge your own coin behavior if yo uwant to know where this "FUD" comes from
im invested in few coins that have like zero fud .. and why is that? because they dont try to fool anybody

I have seen approximately 2 weeks ago warnings about buying IOTA take extra caution because the price is already artificially inflated, so if I am not interested in IOTA, I know is very minimal about this coin and still I have seen warnings about "don't invest is already pumped" there should be no problem for an investors that follow this project step by step to make the right decision and know when to stop buying and quit/keep/sell and keep profits.

Is it a baloon or what?
Decide guys :)

It was pumped, it had great news coverage. Now it's correcting. Nothing unusual.
If it corrects a bit more I may even buy some, it's a coin with quite a potential.

you are in crypto world so price of an altcoin go up and go down everytime. dont need worry about something like this.

No one tried to fool anyone. Read: https://twitter.com/DavidSonstebo/status/940631227979194368

It is normal that is up and down. Where it was 3 weeks ago?

IOTA have impressive vision and roadmap. Only concern i have is MAX supply of 2,779,530,283 IOTA which is huge amount of tokens, so for example, if IOTA reach 120$, market cap would exceed 333$ billion USD (Bitcoin have near $300billion USD), which may happen but in 2+ years if company survives.
Best time to buy IOTA was around 0,22$, however if it falls under $2 it is still good "buy and hold" asset.

itoa is good and i like less than 10$ because you can gain if you just holding and not stopped holding.

start with 500$ if you find price more than 10$ increasing you invest price.

How the hell people invest so much in something that is hard to stored? What is the purpose? People talk like IOTA is the best coin for IoT
just because they say they are. But that is not even true. Doge is better now them IOTA. Maybe in some years they could finally stop spread FOMO and do some work.

Well, now the IOTA goes down to its normal price indicators, the correction and after the good news, it again can go up

IOTA had increased very quickly two weeks ago, so the drop now should be expected. It has taken a bit longer than I had initially expected to pick up, but hopefully we will see another push and we can finally break the $5 barrier.

Wait... what? five years from now? are you crazy?


Iota has been pumped hard because of lies and fake rumours, it really deserves to go down, a lot of people have lost faith on iota and that is the main reason of why we are seeing big red candles on the charts.

I knew that it was going to happen, it was like a little bubble, it was full of fomo, until everybody realized that it was a fake.

And everybody started to sell their iota's, and the price started to bleed.

I was actually thinking about buying IOTA before the pump but decided on NEO instead. So now I am just watching the price to see if it will fall into my buying range again. It for sure is interesting coin but I will wait for it to drop quite a bit more before buying.

The cryptotraders have a particular tendency to look for easy explanations to justify each movement of the cryptos that they trade, and in this case I see that everyone has found in that announcement the supposed justification to explain this little fall in the price of Iota.

These are the classic efforts of the human being to alleviate uncertainty, but this cryptouniverse has proven to be so complex and capricious that it is not always that easy to justify these movements. Simply this is a market correction and in coming days we will see Iota again around 35000 sats.

Sounds very questionable.

No wallet?

They spread misleading info about their partnerships (the minute I read about the partnership with microsoft I doubted it was true).

It is centralized.

Plenty more reasons here not to trust IOTA:
https://www.media.mit.edu/posts/iota-response/

Not sure why it is in the top 10 of market cap.

In fact, if the short-term rise is more than 50 percent, then there will be a lot of people selling it, which will lead to the price decline, so this is a normal phenomenon, you can also choose to sell it.