IOTA Price Prediction on 2018 and in the Future

[scs3jb]

I am surprised at the level of research people have been doing.   Someone mentioned to me its the hot new thing, microsoft is onboard with cisco etc.    So then I went to check.

I checked, lots of talk about working with other companies, and this is everywhere, but the suspicious thing is it is all only from IOTA team.  Not a single statement of support from their so called partners.  Cisco is mentioned in this very thread, but i can't find any evidence that cisco is involved.  No press statement, etc.  Can someone please provide these?  Maybe my skills just suck, but all it seems like is terrible journalists blindly reporting IOTA press releases without getting statements from the 'partners' on what they intend to use them for.

I also then discovered some big bugs where the network has failed.

I then read of the concerns of the network scaling, the ease of attack, etc. and the Tangle network being highly unproven.

Then finally, I read that its theoretical and its not actually working yet outside of a lab environment.

Then i have my own thoughts, such as the sheer expense of mining on the clients.   We are talking about a highly, highly restrictive space here where devices need to be efficient.  If this is for IoT devices that have no memory, power, run ASIC type processing, etc, why would an expensive network like this be of value?  The use-case targeted doesn't shout blockchain at me, in fact distributed consensus is a very expensive process.


Therefore my predictions are:
1. People continue not to research and dump money in it, it will go up until it collapses when someone that everyone reads points out its BS.  Forbes, Economist, etc.  just takes a journalist that isn't a web blogger (no offence to web bloggers, some of them do a fantastic job, but that means they won't work for these big useless clickbait companies)
2. People continue not to research and dump money in it, it will go up and the IOTA team use the money to condense the vapour into something that exists, and it holds for a little while.  

Putting money into it is like playing a broken casino machine, but in the house's favour.

I could be wrong and perhaps didn't find information required to be informed because of bad googling, but I am completely unconvinced.

[generalizethis]

I am surprised at the level of research people have been doing.   Someone mentioned to me its the hot new thing, microsoft is onboard with cisco etc.    So then I went to check.

I checked, lots of talk about working with other companies, and this is everywhere, but the suspicious thing is it is all only from IOTA team.  Not a single statement of support from their so called partners.  Cisco is mentioned in this very thread, but i can't find any evidence that cisco is involved.  No press statement, etc.  Can someone please provide these?  Maybe my skills just suck, but all it seems like is terrible journalists blindly reporting IOTA press releases without getting statements from the 'partners' on what they intend to use them for.

I also then discovered some big bugs where the network has failed.

I then read of the concerns of the network scaling, the ease of attack, etc. and the Tangle network being highly unproven.

Then finally, I read that its theoretical and its not actually working yet outside of a lab environment.

Then i have my own thoughts, such as the sheer expense of mining on the clients.   We are talking about a highly, highly restrictive space here where devices need to be efficient.  If this is for IoT devices that have no memory, power, run ASIC type processing, etc, why would an expensive network like this be of value?  The use-case targeted doesn't shout blockchain at me, in fact distributed consensus is a very expensive process.


Therefore my predictions are:
1. People continue not to research and dump money in it, it will go up until it collapses when someone that everyone reads points out its BS.  Forbes, Economist, etc.  just takes a journalist that isn't a web blogger (no offence to web bloggers, some of them do a fantastic job, but that means they won't work for these big useless clickbait companies)
2. People continue not to research and dump money in it, it will go up and the IOTA team use the money to condense the vapour into something that exists, and it holds for a little while.  

Putting money into it is like playing a broken casino machine, but in the house's favour.

I could be wrong and perhaps didn't find information required to be informed because of bad googling, but I am completely unconvinced.

I'm not going to bother discussing attack vectors with you--you can go onto stack exchange for those discussions or ping ComeFromBeyond and let him make you look like an ass. BUT what I will do is expand your research reading so your concerns (trollish as they are) can be put to rest.

https://www.psychologytoday.com/blog/mind-in-the-machine/201712/how-fear-is-being-used-manipulate-cryptocurrency-markets

https://blog.iota.org/iotas-data-marketplace-setting-the-record-straight-576fbf0b4513

Bonus material: the CEO of Fujitsu Central Europe talking about Iota
https://www.youtube.com/watch?v=GLzLTWwO26s&feature=youtu.be

Bonus 2: found ComeFromBeyond's "easy to understand" guide to attacks
https://blog.iota.org/equilibria-in-the-tangle-let-me-try-to-explain-b22ad6f00c13

PS: you seem like a professional, so sorry about my quickness in handling your "concerns."

[Youjigyakusatsu]

Iota is a prototype, yes. And bitcoin is an unfinished project. We all know how many problems bitcoin has when it comes to its realistic future usage in the real world if it becomes massively adopted. Its lack of scalability and high fees will make bitcoin completely impractical. Iota solves all of these issues. Iota has a real-world use case. If a cryptocurrency cant be used in the real world,  then it is ultimately worthless. When it comes to Iota's potential market capitalization, you people must realize that iota is a currency and not a stock. The demand for money is over 200 trillion dollars. If iota is a 10 billion dollar industry now and it is still in beta... The potential is astronomical. Look at ripple's recent parabolic rise for instance. It hit as high as 140 billion dollars in market cap simply over some rumors that it might be added to coinbase. If ripple were to actually replace SWIFT and be used as a currency by banks world-wide, it would have a market cap of many trillions of dollars bc thats how much money is moved everyday by banks around the world. So... Taking all of that into account, I can see iota having a market capitalization of many trillions of dollars if it is a success and if it actually gets the mass adoption that it has the potential to achieve.

[zafaryaqoob]

IOTA coin Feature Maybe not good I think I move on the Litecoin or Ethereum Token Because both of them feature Golden I have research about both Cryptocurrencies.

[bananadines]

IOTA will have a great time in 2018 and in 2019. The team is working hard on their product and it is one of the tangles coins that will see some nice gains after the people realized what a great technology it is!

[ciciteng]

IOTA is really long term project and HODL.
Their tangle technology is still far of being reliable. There's no working product just yet. Their wallet is very cumbersome and full of glitch.
But if you patients enough tho give them some time, you will get the price.
IOTA definitely aims for the future.

[MartiniBlanco]

I am still not sure about the high prices for IOTA in the future because the total supply is very high and this could be a problem to grow in the price! But it will be a stable coin in 2018!

[matthewoz101]

If you believe in Green energy, then invest in IOTA. Germany requires all new buildings to have at least 30% of their electricity come from green energy. The vision is that people will have their own free energy, in which they'd be able to sell that green energy back to power supply companies. IOTA would fit perfectly for that.

It's definitely a futuristic project. Once it's actually used/adopted, expect the price increase. Meanwhile, hodl hodl hodl.

[generalizethis]

If you believe in Green energy, then invest in IOTA. Germany requires all new buildings to have at least 30% of their electricity come from green energy. The vision is that people will have their own free energy, in which they'd be able to sell that green energy back to power supply companies. IOTA would fit perfectly for that.

It's definitely a futuristic project. Once it's actually used/adopted, expect the price increase. Meanwhile, hodl hodl hodl.

China is also interested: https://twitter.com/BoschPresse/status/968479596868980737?s=20

[matthewoz101]

If you believe in Green energy, then invest in IOTA. Germany requires all new buildings to have at least 30% of their electricity come from green energy. The vision is that people will have their own free energy, in which they'd be able to sell that green energy back to power supply companies. IOTA would fit perfectly for that.

It's definitely a futuristic project. Once it's actually used/adopted, expect the price increase. Meanwhile, hodl hodl hodl.

China is also interested: https://twitter.com/BoschPresse/status/968479596868980737?s=20

China may well advance the United States in terms of economic growth during this revolution. I hope IOTA isn't banned in China and can be a global currency.

[generalizethis]

If you believe in Green energy, then invest in IOTA. Germany requires all new buildings to have at least 30% of their electricity come from green energy. The vision is that people will have their own free energy, in which they'd be able to sell that green energy back to power supply companies. IOTA would fit perfectly for that.

It's definitely a futuristic project. Once it's actually used/adopted, expect the price increase. Meanwhile, hodl hodl hodl.

China is also interested: https://twitter.com/BoschPresse/status/968479596868980737?s=20

China may well advance the United States in terms of economic growth during this revolution. I hope IOTA isn't banned in China and can be a global currency.

Kind of hard to ban something when it's being used as the infrastructure to your smart cities.

[sapitomolepas]

IOTA is the hottest cryptocurrency now and conquered fourth place regarding market capitalization at coinmarketcap.com. The Internet of Things (IOT) holds one of the most significant potentials for the change of human life. This may be the fastest growing market in the next few years

[bodyslam]

IOTA has a brilliant future ahead.
Highly talented active development team.
Highly reputable partnerships with massive companies.
Most promising and useful technology.
Definitely deserves a large chunk in any serious crypto investor's portfolio.