thats really good and you are right abou this.
personally I wont advise anyone to invest a single cent in IOTA.
the three reasons are:
1st: IOTA was priced at $0.63 when first released to the market, at the time of writing this comment IOTA is only $0.41. which means it is in down tend. and went from 6th position to 8.
2nd: reason is that it is available only on bittfinex and could play with it the way exchange wants.
3rd: the trading volume in first 24hour released to the market was more than $34million, the time of writing this article only around$3.5million.
use your logic anyway,,, who knows what will happen....?
IOTA has been around since 2015 - it's only hitting exchanges now because the devs are ready to go into beta. Prior to Bitfinex, it has been trading privately on Slack, increasing in value. Anyway, the moment it hit Bitfinex it was trading for 4x what it was worth pre-exchange. This is why any coin introduced to an exchange drops right off the hop - because it is always being sold for way too much money at first and a couple poor saps buy it while the rest of the market waits it for a more reasonable price.
I will write a thorough post about IOTA in the near future, I really love it. I have not bought yet, but will as soon as it consolidates further. Consider it a long-term, two year hold with the actual potential to disrupt and usurp ETH and co. Will that happen...who knows. But I do believe it will still be here in 3-5 years.
Good comment
https://steemit.com/@shenkawys
https://steemit.com/@shenkawys
@inventor16 yeah bro u r right i got lucky baught it yesterday at 0.000807btc per coin and price jumped today
Upvote if u agree
thats really good and you are right abou this.
personally I wont advise anyone to invest a single cent in IOTA.
the three reasons are:
1st: IOTA was priced at $0.63 when first released to the market, at the time of writing this comment IOTA is only $0.41. which means it is in down tend. and went from 6th position to 8.
2nd: reason is that it is available only on bittfinex and could play with it the way exchange wants.
3rd: the trading volume in first 24hour released to the market was more than $34million, the time of writing this article only around$3.5million.
use your logic anyway,,, who knows what will happen....?
IOTA has been around since 2015 - it's only hitting exchanges now because the devs are ready to go into beta. Prior to Bitfinex, it has been trading privately on Slack, increasing in value. Anyway, the moment it hit Bitfinex it was trading for 4x what it was worth pre-exchange. This is why any coin introduced to an exchange drops right off the hop - because it is always being sold for way too much money at first and a couple poor saps buy it while the rest of the market waits it for a more reasonable price.
I will write a thorough post about IOTA in the near future, I really love it. I have not bought yet, but will as soon as it consolidates further. Consider it a long-term, two year hold with the actual potential to disrupt and usurp ETH and co. Will that happen...who knows. But I do believe it will still be here in 3-5 years.
yep, it is easier for me to get excited about coins with tangible products like STEEM, rather than something random like Dogecoin LOL