Bitcoin Forum

Im so much worry that the iota coin is decreasing in rank and also the price itself, i invest a lot in iota, i buy iota coin last year cost $5 , and then the price now is too low, did i make a wrong choice?

You did it. basically, you might have understood about what IOTA is. IOTA is not the first DAG system and you should remember if that was centralized system that used the server to give zero cost transaction.
It's complete bullshit. More and more blockchain will try to implement its own scalability solution and that's the end of IOTA.

You made a mistake, you basically bought at the all time high, that was a big mistake in itself, but you also bought a coin that is implementing a completely new and different way to solve the scalability problem and there is not a guarantee it is going to work, the last time I read about it it was not truly decentralized and if it is not then it is completely useless since governments can destroy it with ease, I hope you recover your money but right now that does not seem likely.

dont worry. IOTA is a huge and great project. this dump is common for all alts. not just for iota. so if you hold it longterm and wait for another one or two bull runs then it may reach huge value

I think you have made two bad decisions the first is fomo, IOTA is a new coin that appeared in 2017 and in just a few months IOTA has reached $ 5, fomo is the thing that makes you dare to buy IOTA at $ 5 and it's very risky, and the last bad decision is to hold the coin, buy hype coins at high prices and holding for the long term is a bad decision, you need to know that the best strategy for holders is buying at low prices, $ 5 is not a cheap price if you look at the history of IOTA prices, buy IOTA at that price and holding it when the downtrend is a very bad decision

No need to panic dear, almost all coins are in the same situation and also all the investors are suffering from same situation that you are in, the rank and price fall is due to low volumes in the market as soon as volumes will start increasing price will follow it too, so just stay patient.

Don't worry it's normal fluctuations. As we see the whole market is down these days so IOTA is also down. Have patience and hodl your coins.

If you pay attention to other crypto currencies, you will see that everyone lost in price like as IOTA. You bought a good asset, but unfortunately at the peak of the market. You made the wrong choice in the time of purchase.

The dump happened when there was internal ordeal between founders. Two founders were not on the board of directors (or something similar) and there was a fight as to wheter they should get them in before change of statute or after. This got public and investors freaked out. Now they signed a memorandum of understanding.

Do you think the remaining founders would be so eagor to get in if IOTA was crap? ;D

You've made a mistake buying a coin on all time high. IOTA is a great but really long term project and by long term I mean at least 5 years from now to see some major gains.