Bitcoin Forum

Iota is comfortably seated as number 4 on coinmarketcap.com and in the past 24hrs have done a trade of over $2 billion. Is this another pump scheme that will end up as a pile of rubbles or a solid coin that will stand the test of time?

Seems legit pump,the fundamentals are good technical analysis charts (daily) indicates it is in the bullish momentum i bought mine a long time ago at $.2 i bought $5k each so now i am good at my profits.

Some people would say fraud, some other would say fact.
But without proof, I can't believe any of them. People have to find their own information and check facts that other people give to them.
It's not an easy place here to try to differenciate true and false arguments. Better do it on our own.

Good luck :)

Having Microsoft on their side I guess we shouldn't considering IOTA as fraud. Hope what's happening now won't be a pump and dump scenario.

if anything, its the opposite of a fraud

The huge pump over the last couple of days is from this:

https://www.cnbc.com/2017/12/04/cryptocurrency-iota-rallies-after-launch-of-data-marketplace.html
https://www.cryptocoinsnews.com/iota-price-explodes-after-microsoft-partnership-announcement/

It's no fraud.  ::)

It seems genuine, but with any crazy price increase there is usually a sharp correction... momentum seems to have slowed now, but there's not been a massive drop yet.

One's opinion about altcoin is very different because he does not have the coins so they answer according to his analysis,
IOTA, according to its creators, has a number of advantages bloccano in terms of the large number of micropayments.

Guyz is it true that Microsoft is behind IOTA?

I think that IOTA will not keep line 4 because of the momentary rise.
After IOTA's agreement with microsoft, many people invested in IOTA without research

I would say it is a fishy one.
IT will probably go longer then the usual pump and dump, but in the long run it is possible to go down...
I notice a news couple of days ago, about a phone that will be both only with it, so that probably is one of the reasons of the pump.

Didn't like the news, as the phone seemed not that real deal and more like a news to pump the token up.

I have seen it pumped and dumped in the past, so I stay out of it, as there are not much $$$ I can risk in there and the profits won't be that big anyway...

IOTA is risky if its not from microsoft, or a big company like microsoft, I myself hear it was backed by microsoft but i am not sure.

I think, that the current situation with IOTA is very similar to the announcement of Ethereum  Alliance some time ago. We got a significant rise in ETH price, however it didn't saved ETH from a drop later. I believe it will be the same scenario with IOTA. Of course it doesn't mean that it is not valid and solid solution with high chances of success in the future (like Ethereum). I am just saying that such rapid growths are very often connected with some corrections later. It is all about hype now.

I'll go for fact. Somehow some people do hate Cryptocurrencies that for them has less important than what they're invested. That's clearly denial.
MIOTA is clearly the well supported by uprising number of investors due to the project itself is more effective than other existing coins.
They have a good community and management team that is working to make this currency successful.

Who are we to keep on denying that iota is one of the best Cryptocurrency that exist. Microsoft had put trust to iota and that's the fact. We can use iota tokens as payment for Microsoft's products and services in the near future.

Two months ago when iota crashed, everybody was saying; iota is a big scam! stay away! Their dev's are pure shit they are greedy as fuck!


NOW: "Wow, iota is the best altcoin! it made me x4 my money in just a single week! This is far the best altcoin that i have ever used EVER! Their dev's are trully gods! i love them!

This is just the first prove of that everybody is just following money, most of those people who were saying that iota was scam, are the ones who have more than 50% of their portfolio in iota right now.

make your own conclusions about it.

I think of it earlier this week but when Microsoft announced that they're going to be the partner of iota then it came maybe Microsoft was trying to create their own Cryptocurrency but an isolated experiment.
But the thing is, iota is somehow successful after their ICO so maybe now it's time to give them a break and make their currency price increase because people trust Microsoft and so as iota coin.

Oh well, was there even any coin or token that hasn't been called a fraud or scam at any point in their existence?
None right? So if you know what you are doing and confident with it, you do not have to think about this anymore.
In my case, i think IOTA is great for profit because i loved its ideology whicu is why i bought quite a good sum back then on a very cheap price, now i have great profits. But i do mot plan on dumping yet coz clearly, iota is something that i think will.surely stand the test of time.

The best thing that ever happened to an Altcoin is when they had given a chance to multiply their price and value then it would be continuing increase because in every pump people will notice and trying to invest out of curiosity so this happens when a popular company is supporting a Cryptocurrency that has been trusted by more than three decades, that is Microsoft.

Having Microsoft on their side I doubt this will be a fraud.IOTA is here to stay and it will really moon .I predict it to hit five usd by end of december.
i suggest all those holding to buy more and hold

IOTA (https://coincodex.com/crypto/iota/) is awesome. It deserves 3rd place by market cap and I think it's gonna get there very soon.

It had a gain very similar to Bitcoin. IOTA price went up 10x this year:

https://i.gyazo.com/3a563beec0585f04e8b1ce7459aa42d0.png (https://coincodex.com/crypto/iota/)

I think this is the main reason why IOTA is really mooning. Partnering with Microsoft is not easy, but they gain a foothold when it was announced yesterday if I'm not mistaken and now its trading above $2 and maybe it can doubled at the end of the year. Not only did they partner with Microsoft, it is reported that Accenture and other dozens company as well to developed and implement a blockchain solution tied to IOT (Internet Of Things). So it looks like this is long term. So I don't think its a fraud.

You will have to learn for yourself, the tangle is a completely new technology similar to what bitcoin was when it was created, in fact IOTA does not have a blockchain so it is a completely different concept than bitcoin, so investing in it is a risk it could be the new giant in crypto or it could be a technology that fails, at the end it is up to you to decide if you invest or not.

While I agree a lot of what IOTA promises is very awesome I'm still a little skeptical and concerned by its size given it's still a new technlogy. I think that we will probably see the price climb down a little in the next weeks and it won't challenge bitcoin cash in number 3 spot for quite some time.

Tell me more about good fundamentals please. You can start with explaining how an untested cryptographic hash function is going to be groundbreaking tech.

IOTO is going to rise in the long run becasause of powerful corporate alliances and bright future expectations for IOT projects.
İt should not be considered as short term trade.

When its first successfull application is done, its price would jump up.

It's already valued too high based on expectations alone. This is clearly a speculative bubble and the prices will retreat in the coming weeks. When they do actually deliver a product that is a different case but as of right now it's a useless project with a huge marketcap.

This latest bull run went a lot further than I anticipated. But the answer to this question will come when the new wallet is released and the Tangle can function without the Coordinator as a crutch.

I think it's a Fact, but the price is a little bit too over exaggerated now. I mean it might worth this much if we really see some product out of the project, but not now.

Not gonna lie, the "Internet of Things" talk was enticing enough for me to grab some. Maybe I've been fooled I don't know. Adding Microsoft, Cisco, Volkswagen and Samsung as partners were all great moves.

what i know is that it's market cap is not a fraud! Billions🤔

IOTA will be live tonight
https://blockchaingers.org/posts/blockchaingers-ecosystem-expo-at-tech-deep-dive

Their new wallet is also underway this month. Bittrex already has IOTA in their code so I would imagine the IOTA trading on Bittrex will go live sometime after the wallet. It has more pumping to do before the hype is gone.


I'd recon if the BTC bubble corrects hard soon, IOTA may be in line to be the hedge this time around.

IOTA have a solid project below. Will be a rocket soon.

Very nicely said. IOTA definitely has potential, it just needs to be backup up a little more.

I wish you guys would get new fud--that one was already rejected by the iota developers.

https://blog.iota.org/curl-disclosure-beyond-the-headline-1814048d08ef

They also hired an outside team to examine and prove otherwise to those who think the guy invented POS doesn't know what he's talking about.

I'd stay away from any coin that you can not sell using few different exchanges.

Although IOTA is gaining momentum in the price charts, there is no reason to purchase it ahead of the other altcoins.

Time for IOTA is coming. It is a next generation crypto it will have a really grat succes!
It solving problem with high fees, slow confirmation, it cannot be influenced by miners...it has a bright future. It is Bitcoin of next generation!

You need to be careful and not to get yourself blinded by the hype, IOTA is one of those technologies that promise to change the way things are done, but we are still not sure if IOTA is going to be a success, think of IOTA as you thought of bitcoin when it was a new technology, it had the potential to become what it is today or it could have failed spectacularly.

Projects as big as IOTA don't just crash and burn, and such a high profile company is definitely not a fraud.

People have been crying scam for quite awhile now.
The more vocal ones go as far to even slander the devs.
There have been technical difficulties with the tech and the wallet has had some issues so a lot of people have been bitter.

For me personally, I would say, just wait and see.
The Tangle is new tech different from blockchain.
In order for it to truly work, it's user base has to grow, so right now it is centrally controlled.
If it ever gets to the point where the training wheels can come off, I see IOTA as the natural evolutionary step from blockchain.

As an example, home movie viewing has never gone away and has even increased in popularity over the years.
But the tech we use to do it has changed numerous times: vhs, dvd, bluray, now streaming.

Everyone loves btc, but inevitably, there will be a better tech that replaces it, but the idea of decentralized digital currency will never go away.

It will pump again after such a long rest, time to the moon again, i will buy more to get on this rocket.

it has really maintained that momentum so believe it is a fact i saw people posting on btt thread that it a pump and sump but the fact that it has took it standard for a long time now i am convinced IOTA is a fact.