I'm an old investor in BTC who is recently getting back into it, however I'm now turning my attention to some alt coins that I think have potential.
I am looking to purchase around $100-$500 worth of Iota
Well then the most appropriate thing to say as a beginning to you would be "Welcome Back "
Where have you been ?
With the recent price craziness of BTC we've seen a lot of new people join the crypto community, some old people getting back to it and some looking for their wallets that they left and probably got erased several years ago. All of this attention is because of the price surge and the profits you can get out of investing in it.
However, you're one of the few people who tried to take quite a different approach. Probably because this is not the first time you deal with btc o crypto generally as newbie tend to have no idea about altcoins.
This makes me ask my self a few questions. Why are you deciding not to invest in btc itself again ? Maybe wait for a coming price drop and buy in ?
That might be a question that you probably have an answer to which brings us to the second point why IOTA ? I totally can't find a reason for investing in it. Especially at this time. I'm not sure what you've been reading/watching that convinced you to buy it but there's totally way better coins to buy right now.
IOTA's price has been below a dollar for quite a long time and got a small pump. Exactly a week ago, 1 iota was for about $1.45. Buying at the current price of $4.66 which is like that ATH of the coin is not exactly wise. It can drop and will surely do when they start dumping the coin.
Well, the procedure of buying is as simple as it can be. Register an account on Bitfinex, deposit btc, buy, done.
I guess you already know that I believe it's a wrong idea to buy now but your choice in the end.
