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Author Topic: What are your thoughts on IOTA  (Read 586 times)
twobits
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December 13, 2017, 11:37:08 PM
 #21

Hello

I recently started reading about IOTA and it's benefits vs blockchain technology, mainly no TX fees and a even more decentralized by removing the miners from the equation, and it has several high-profile companies behind it.

So, what are your thoughts on this new altcoin? Is it worth investing on?
So if there will be miners to give the decentralization of the iota network and that what already used by IOTA to verification the transaction to avoid the vulnerability? It looks to use the server to act just like miners.
A lot of discussion about that but it looks another centralized coin.

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xbtx (OP)
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December 14, 2017, 12:21:40 AM
 #22

IOTA is a very good project with high potential.
if you want to hold for long time you can be rich. but if you bought above 4 usd and want a fast profit, you will probably suffer and have to exit with loss.


no quick profits, I want to hold it until I can.
xbtx (OP)
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December 14, 2017, 12:46:03 AM
 #23

Hello

I recently started reading about IOTA and it's benefits vs blockchain technology, mainly no TX fees and a even more decentralized by removing the miners from the equation, and it has several high-profile companies behind it.

So, what are your thoughts on this new altcoin? Is it worth investing on?
So if there will be miners to give the decentralization of the iota network and that what already used by IOTA to verification the transaction to avoid the vulnerability? It looks to use the server to act just like miners.
A lot of discussion about that but it looks another centralized coin.

No, because every TX confirms another 2 TXs, so no miners required. From what I read they're just using a server to help in the beginning when there's few TXs, when the system starts having a good amount of TX, it will no longer require any "mining"
yacare
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December 20, 2017, 12:35:40 PM
 #24

People thing that IOTA has a huge marketcap but is the same as when the bitcoin was to 300$ or less. All people saying "SELL SELL SELL!". Now this people cry. BTCx50

In past July people said "Don't buy IOTA! It's very early for this crypto!". Yes, yes, July. Now this people cry. IOTA x15

Now, there are people saying "Don't buy IOTA. It's very high price". Same that Litecoin one year before. LTCx50

Do you want to be the next people crying?

In the cryptoworld there are two rules to gain:

Rule 1: Buy right now
Rule 2: HODL


Yes I agree with you it good rules. However I would add the third rule: 1.vybrat good coin 2. To buy 3. To hold and then will really cry that who hasnt bought or has sold

Zuilhsa
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December 20, 2017, 02:31:32 PM
 #25

The coin is having a very good potential as it has no transaction fee on transactions and it is more secure and faster with low confirmation finality. This makes the coin to have a promising future. The price is now $5.38, reasonable amount to collect, more investors are looking forward towards it.

Baltior
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January 08, 2018, 10:49:49 AM
 #26

People thing that IOTA has a huge marketcap but is the same as when the bitcoin was to 300$ or less. All people saying "SELL SELL SELL!". Now this people cry. BTCx50

In past July people said "Don't buy IOTA! It's very early for this crypto!". Yes, yes, July. Now this people cry. IOTA x15

Now, there are people saying "Don't buy IOTA. It's very high price". Same that Litecoin one year before. LTCx50

Do you want to be the next people crying?

In the cryptoworld there are two rules to gain:

Rule 1: Buy right now
Rule 2: HODL


Yes I agree with you it good rules. However I would add the third rule: 1.vybrat good coin 2. To buy 3. To hold and then will really cry that who hasnt bought or has sold
Point 3 is great  Grin Grin Grin Grin Grin

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January 08, 2018, 11:03:05 AM
 #27

I really love the idea of IOTA. I am concerned about the longevity of it as a tradeable cryptocurrency, though. It has been a little while since I dug into it even though I do have some, but with so many new things that have been and will be added to the IoT, the price of MIOTA will have to stabilize. Otherwise, trying to keep a globe of connected devices up-to-date on volatile pricing will be a hurdle that it probably won't be able to overcome. Last I heard, they were finally trying to get a third party to get their wallet working. I tried several versions, and could never get it to work. That, right there, is a big downside to holding IOTA.
Alecks
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January 08, 2018, 11:16:20 AM
 #28

If you're looking to longterm invest nothing can go wrong with this one, but everyones trying to make a cheap dollar which is understandable.
okala
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January 08, 2018, 11:30:46 AM
 #29

Hello

I recently started reading about IOTA and it's benefits vs blockchain technology, mainly no TX fees and a even more decentralized by removing the miners from the equation, and it has several high-profile companies behind it.

So, what are your thoughts on this new altcoin? Is it worth investing on?
With what you just post I think iota is going to be among the big things in future. I have been following it price movement from the beginning and it price seeing stable a bit. Iota has been doing well and I think it worth your investing. The decentralized coin that eliminates miner and transactions fee is going to go a long way in becoming one of the best coins.
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