IOTA seems to be dropping on missed announcement

[Ebenezar64]

Seems like IOTA is suffering from a rather larger drop the last 24 hours: ~20%. The reason I could find seems to be a delay in some expected announcement: https://www.reddit.com/r/Iota/comments/7f1gyf/when_is_the_announcement_that_was_promised/dq8uk0u/

I also found an article detailing that IOTA seems to be having scalability issues due to too few nodes. Is this correct? (See article: https://themerkle.com/iota-network-struggles-due-to-lack-of-full-nodes/). It seems IOTA scalability has been in the talk for a while so I don't think this article should affect the price of IOTA as much as the price drop has been.

My conclusion is that people bought in to the hype of the announcement and now they are selling when there is news of delays. Anyone has any speculations on the announcement IOTA is making?

[r-tist]

I think what's happening is that IOTA is just sucking at assisting others with opening nodes.
I made about 3 reddit posts and never received a response. I can open up 3 nodes myself but i'm guessing they're not putting money into educating people on starting nodes.
Or maybe they don't think it's important to inform people. I looked at their documentation and it's not the best.

Unlike monero,

I made 3 posts on the difference in them and bitcoin and in less than an hour I received a response.
They were fast in educating me.

IOTA is simply not helping others help itself. It's sad.

At this rate not a lot of people are going to stay with iota.

[Satish147]

Hi,

I agree IOTA is dropping because of lack of news but that is not only the reason to drop

Here new company Hdac platform which is competitor of IOTA is coming into Blockchain world

Hdac platform also can be used for Machine to machine payments

[X - Mas]

Seems like an old rule on investments is come to IOTA,
Buy the rumors - sell the news, when the rumors come people will start fill their bag with IOTA and now they start selling it

[10000BTC]

Seems like an old rule on investments is come to IOTA,
Buy the rumors - sell the news, when the rumors come people will start fill their bag with IOTA and now they start selling it

I don't hear much about this coin, is it going to moon?
I like this coin but it seems expensive to me.
I'm just hoping it will cost less so that i can own some.

[Ebenezar64]

Might have amde it seem as though I ma negative on IOTA but that is not the case. I really like IOTA since it something new, an alternative to Blockchain and it could be huge. I guess alot fo people want to get into it now since they missed out on BitCoin. I at least am thinking: What if this is the new Bitcoin?

But I am also worried if it can fullfill the hopes that is currently set on the coin, it is almost 2B$ in marketcap for something that is very early in development. Might be that the hype/FOMO is too strong with this one?!

[readygoaw]

Well I do not think that there are really serious reasons for this drop of IOTA. Simply these days most news was devoted to the growth of ETH, DASH and Monero, and for some time people just forgot about another alts.

[sakokinak]

I do not think that IOTA will fall critically and now it even rising. The capitalization of this alt is large and many people who sell and buy things in internet are interested in this crypto. IOTA is still popular.

[nsasuiteb]

This trading is always like that, if they say we will announce it tomorrow instead of today, it would still drop a little bit  Because traders need news to make profit so they are very sensitive 

[p i e c e]

After the drop of IOTA something amazing is going on with it. While all the alts are again decided to fall, this crypto gained and now it comes to reach 3 dollars record! Congratulations to all who believed in this alt!

[JesusCryptos]

I cannot understand what's going on with Iota, this capitalization makes no sense at all. Must be a bubble.

[Ebenezar64]

I had some investment in IOTA but I sold it off since it seems like a very large rise without concurrent news. So it might be a temporary pump. I like the project but I don't think this rise will hold. Maybe will get in again after a drop back to normal levels.

[NorrisK]

I cannot understand what's going on with Iota, this capitalization makes no sense at all. Must be a bubble.

You can ask the same question about the entire crypto market at the moment.

A lot of movements don't make any sense at all, but they still happen.

[Ebenezar64]

Reminds of the movements at the dot-com bubble so it might be a precursor to something. The thing to remember is that after the bubble the stock exchange trimmed the fat so to say and soared to even higher levels. Maybe that will happen to cryptos?!

[Imfinnabeon]

Don't forget that it went up 50% the other day? Ie that means it gained 30% still in two days..why do people always overlook the rise and only discuss the falls I find that weird. It isn't always doom and gloom people!

[renes]

Like all coins, after a sharp increase, it will be appear on losers list in coin market cap. We'll see how much fake pump there is

[bribed]

The price increase of IOTA is insane, in my opinion this cant be real and definitely should not be and not in such a short time. Look at the total supply of IOTA, how can one IOT be priced at ~$5, crazy in my opinion. I have a bad feeling, that many people that want to hop on this train will suffer huge losses and then blame it on crypto markets, although its their own fault for running behind a hype... Just insane.

[sandpiper]

I cannot understand what's going on with Iota, this capitalization makes no sense at all. Must be a bubble.

It makes sense since there is significant demand for IOTA among Asian traders. IOTA currently holds the highest-volume trading pair on both Binance and Coinone.

[bergenic]

The price increase of IOTA is insane, in my opinion this cant be real and definitely should not be and not in such a short time. Look at the total supply of IOTA, how can one IOT be priced at ~$5, crazy in my opinion. I have a bad feeling, that many people that want to hop on this train will suffer huge losses and then blame it on crypto markets, although its their own fault for running behind a hype... Just insane.

Just curious, based on what analysis is $5 IOT priced insane? There's no p/e ratio to use here like we can do with stock prices, which would be some indication of expensive or cheap. To me IOT is just speculation of the future like pretty much all coins. Hence, why would $5 be crazy compared to $1 or $3 for example. They are just numbers and can't be really tethered to anything solid. They are as crazy or as fair prices as if IOT was 100$ at the moment. Maybe if the marketplace was alive and it had x million users spending y million IOTs creating z amount of transactions - I guess we could estimate the value there. But now the network volume is also coming from just people speculating with the coin in like two exchanges, where it's traded from person A to a person B. Ethereum was $7 exactly a year ago and now it's 450$ - that's crazy IMO. But then, it might as well be 4500$, there's no price formulae to use to figure out what it should be, really

IOT might be a classic pump'n'dump for sure, not arguing against that. I'm just interested knowing how people valuate these assets. I've bought IOT since I believe it'll be more valuable in the future and probably everyone else is doing the same. Not like I can use the coin to anything even remotely useful yet, or maybe not for a long time. Until that happens and it's tied to something more real, I think the price could really be anything. If you compare it to Ether's gains then IOT could be 200-300$ next Xmas!

[CrowdFunder]

The price increase of IOTA is insane, in my opinion this cant be real and definitely should not be and not in such a short time. Look at the total supply of IOTA, how can one IOT be priced at ~$5, crazy in my opinion. I have a bad feeling, that many people that want to hop on this train will suffer huge losses and then blame it on crypto markets, although its their own fault for running behind a hype... Just insane.

Just curious, based on what analysis is $5 IOT priced insane? There's no p/e ratio to use here like we can do with stock prices, which would be some indication of expensive or cheap. To me IOT is just speculation of the future like pretty much all coins. Hence, why would $5 be crazy compared to $1 or $3 for example. They are just numbers and can't be really tethered to anything solid. They are as crazy or as fair prices as if IOT was 100$ at the moment. Maybe if the marketplace was alive and it had x million users spending y million tethers creating z amount of transactions - I guess we could estimate the value there. But now the network volume is also coming from just people speculating with the coin in like two exchanges, where it's traded from person A to a person B. Ethereum was $7 exactly a year ago and now it's 450$ - that's crazy IMO. But then, it might as well be 4500$, there's no price formulae to use to figure out what it should be, really

IOT might be a classic pump'n'dump for sure, not arguing against that. I'm just interested knowing how people valuate these assets.

You are correct there is no effective way to price in a coin, however in the case of ethereum it comes from more than just speculation, it comes from the fact that so many tokens rely on it and so many ICOs use it as their main currency. In other words it has adoption, but you are correct that its impossible to say if its really worth $450 or $4500 given those facts, but at least there is something underpinning the valuation.

For IOTA it seems to have risen a lot and very quickly based on speculation rather than any underlying usage which is why I expect it to fall again, however I couldn't imagine what price it will end up at, just that it should fall from its current.