Why is IOTA's price still down?

[kryptqnick]

At first I didn't care about this coin, I thought it's not different much from the top coins and is probably a clone of one of them. However, after Theymos mentioned IOTA as one of really innovative coins, I took a look at it and decided to buy rightaway, because it was something I've never seen before and never even thought of being possible. Blockchainless technology is certainly something mind-blowing in this world. As there are no fees and transactions are necessarily instant, I figured out that it's the only coin that actually solved the problems btc has. My question is as written in the topic subject: why people are not investing in something so different and amazing? Why is the price still going down? Please don't answer that a lot of people already gained crazy profits while investing in it before it was released, because I still don't believe that this coin deserves being worth less than a dollar now.

[CryptosapienZA]

IOTA is one of my top 3 coins. It is still in its infancy, so I don't think your question is a valid one. It came into the market around July at 5c, its now bouncing around 9c, that is almost double the price. Secondly iota has a huge supply so the price is going to hang around these prices for a little while. This coin is going to start rising from next year. This coin is a long term coin. So if you are looking for short term gains, I don't think its the right coin currently for that.

[ruffles2016]

IOTA was overpriced to me when I looken into it after theymos's post. I think correction is understandable. Also there are some ridiculous rumors about iota developers on forums I won't mention as I don't know if its true. That might create trust loss.

[Beicin]

IOTAs price is hard to gauge because people get to know cryptocurrencies and learn about the technology and its potential by looking at blockchains... and then comes IOTA with a totally different approach and its tangle system, most people would prefer blockchain to succeed.

[Nalbo]

IOTA was one of the first to come up with the concept but it has got a fierce competition from newer coins while the old established coins aren't moving at all. So, it's in real value now.

[AlienWithBTC]

A lot of people lost their faith in the project because of the flaw in the code that got found not too long ago

[CuriousGeorge]

IOTA was overpriced to me when I looken into it after theymos's post. I think correction is understandable. Also there are some ridiculous rumors about iota developers on forums I won't mention as I don't know if its true. That might create trust loss.

I think that after the theymos's post regarding iota and another attack to plunged the price of iota itself caused by the rising of the bitcoin price. that makes tons of people are running to rush the bitcoin right now as reflected by the surge the price of bitcoin today.

[Red_Sanford]

The novelty of it has worn off as well. Tokens can be in trend or out of trend and Iota is out of trend. Buy what's hot and sell what's not

[MatrixMining]

I think it's not only IOTA not going up, it's all altcoins. And the reason is probably the upcoming bitcoin forks... people are getting money out of alts and putting them in BTC to get free coins at forks.

[kryptqnick]

IOTAs price is hard to gauge because people get to know cryptocurrencies and learn about the technology and its potential by looking at blockchains... and then comes IOTA with a totally different approach and its tangle system, most people would prefer blockchain to succeed.

I get this argument, but isn't looking at currencies only if they have blockchains a big limitation? Why not to see something else, something completely different and yet working? Perhaps IOTA just has bad marketing. Maybe if they made nice videos on tangle technology people would've trusted this currency more.

IOTA was overpriced to me when I looken into it after theymos's post. I think correction is understandable. Also there are some ridiculous rumors about iota developers on forums I won't mention as I don't know if its true. That might create trust loss.

I don't know what you mean by those rumors, because I took a look at their dev team and saw that they hired a lot of new nice people in September and the team in general is rather experienced and seems totally legit and reliable to me.

I think it's not only IOTA not going up, it's all altcoins. And the reason is probably the upcoming bitcoin forks... people are getting money out of alts and putting them in BTC to get free coins at forks.

Well, you are probably right as for right now but IOTA's been going down even when other coins were doing okay... It's still #10 in marketcap which is nice, but I think that even that is not fair, because it's more interesting than DASH and litecoin IMO.

[HonestSurfer]

Hey, I think there is no “foundational” reason for the price being down. On Tuesday i was at a meetup where Andreas Osowski (the founder) gave an update on the project and it seems development is on track. On the other hand it is really hard (perhaps impossible) to value tokens which are not directly linked to company revenues or profits or those
That dont offer a service juat yet. This of course brings in all the speculative traders and irrational pricing. I also think this is perhaps a more general issue - token valuation - and perhaps not something inherent to Iota.
What do you think?

[tsaroz]

We cannot predict which of them would sustain in the future. The IOTA is still in it's primitive stage with no projects ever launched on its platform. We can see a rise in price when there would be projects based on its platform.

[Febo]

At first I didn't care about this coin, I thought it's not different much from the top coins and is probably a clone of one of them. However, after Theymos mentioned IOTA as one of really innovative coins, I took a look at it and decided to buy rightaway, because it was something I've never seen before and never even thought of being possible. Blockchainless technology is certainly something mind-blowing in this world. As there are no fees and transactions are necessarily instant, I figured out that it's the only coin that actually solved the problems btc has. My question is as written in the topic subject: why people are not investing in something so different and amazing? Why is the price still going down? Please don't answer that a lot of people already gained crazy profits while investing in it before it was released, because I still don't believe that this coin deserves being worth less than a dollar now.

down from what?

IOTA price in ICO was, here is full post:  https://bitcointalk.org/index.php?topic=1596208.msg16046062#msg16046062

mIOTA was in ICO 40.65 satoshi.
gIOTA was in ICO 40647 satoshi or 0.00040647 BTC


So price rose 188 times so far. How can you call that price went down?

[MartiniBlanco]

I think IOTA will not fall that long. We just have the problem that the market is very unsure about altcoins and Bitcoin is moving up to fast. There is no space for altcoins imho. But I think when Bitcoin will chill a little bit, we could see some nice gains at some altcoins!

[rafter_01]

got time to buy IOTA. BTC is breaking the back of altcoins at the moment.

Pretty sure this will be back up quickly.

[Morphling]

i think its not strange as most of the altcoins are going down, bitcoin sucks blood from all other coins, and btc rise will lead to others down as no new asset enter in

[jh0n4]

I think thaht IOTA is going up in the next year 2018  . Be patient

[legenduim]

Now IOTA is over 76 cents per one coin, and it is showing its growth. Please, be patient, i think this altcoin will survive and it will increase in times. Maybe the next jump will be seen in winter, 2018. Some specialists in cryptocurrencies give a prognosis of $2,5 for 1 IOTA next year.

[wanderloy]

Not only IOTA has price lying flat for a long time but most Altcoin do. That's why some Altcoins were pumped in order to increase the price and to attract investors and miners. Maybe this year isn't the year for IOTA, but next year or next.

[xypos]

Now IOTA is over 76 cents per one coin, and it is showing its growth. Please, be patient, i think this altcoin will survive and it will increase in times. Maybe the next jump will be seen in winter, 2018. Some specialists in cryptocurrencies give a prognosis of $2,5 for 1 IOTA next year.

Yeah spot on analysis. I believe that IOTA should really be a top 5 coin but it's just been overlooked by so many investors simply because they do not see it being traded on bittrex, poloniex, etc. It is only traded on Bitfinex right now out of bittrex polo and bfx itself.

I'm not sure why other exchanges aren't willing to add IOTA, perhaps because they are afraid that IOTA is going to fail or something.

Once they do though, price should take a nice pump, and a much bigger one than right now.