Topic: Alert! Noone buy IOTA Coin when it hits exchanges! (Read 6063 times)
SCAM ALERT, do not buy! Guys seriously, IOTA will dump big time, warn everyone!
I think there's the need for us to be able to regulate the creation, launching and enlisting of Altcoins in th exchanges. It seems everyone just don't care about standards and they bring out just anything that's why it will give the OP the right to also say anything (if it's untrue). If a regulatory body sees tobthe creation of Altcoins people will be able to identify the good ones from the bad ones and nobody will be able to badmouth the good ones.
The best strategy with this launhes is always to wait for it to dump and find a floor.
Under no circumstances should a coin be traded privately to inflate it before getting on exchange
Was it so hard to send a request to ydx?
I don't think so.
Ok folks, a thought exercise:
What if we used 1 satoshi instead of 1 bitcoin as a unit for denominating value? People would freak out - we have quadrillions of satoshis in existence! How would that actually impact the value or market price of BTC though?
Now let's use 1 GigaIota as a unit of value. Boom. There are only 2.8 million GigaIotas in existence. The current price for each GigaIota is 0.1 BTC. There you go. You can safely proceed now to research the project in greater detail and assess its value based on stronger criteria, rather than getting stuck on the total number of coins.
What if we used 1 satoshi instead of 1 bitcoin as a unit for denominating value? People would freak out - we have quadrillions of satoshis in existence! How would that actually impact the value or market price of BTC though?
Now let's use 1 GigaIota as a unit of value. Boom. There are only 2.8 million GigaIotas in existence. The current price for each GigaIota is 0.1 BTC. There you go. You can safely proceed now to research the project in greater detail and assess its value based on stronger criteria, rather than getting stuck on the total number of coins.
What is one million going for right now on the iota exchange
Will be traded in units of 1M.
That number was selected so there is no need for decimals. This is geared towards computers using the token so why not.
That number was selected so there is no need for decimals. This is geared towards computers using the token so why not.
Isnt there like a few quadrillian coins in circulation? Even at 1 satoshi i feel like the marketcap would be huge
2779530283277761 those arent random numbers thats how many the total supply is im reading.
2779530283277761 those arent random numbers thats how many the total supply is im reading.
You can never take any price seriously before there is able to trade it transparently. It I remember they promised an exchange a year ago. I bet there will not be one fro 2 more years.
Nice... I have 8 BTC. How much are you willing to bet?
You can never take any price seriously before there is able to trade it transparently. It I remember they promised an exchange a year ago. I bet there will not be one fro 2 more years.
No one will buy into a coin that has 100x before going on a public exchange, just sell it wherever else you can lol
I was brought to this thread by one friend who knows that I like betting. He said I could get easy money here. Currently I have ~8 BTC. Time to put your money where your mouth is. What escrow agent do you prefer?
Baby volume on its rise being traded privately to 100x lol so sad what this is going to result in for whoever buys in at exchanges and you know it.
Post here conditions of the bet, the amount and preferred escrow agent. I'll reply if I accept it or not.
Sorry I don't accept payment in IOTA.
It's fine, we'll use BTC.
Currently I have ~8 BTC.
It has actually grown 100x from ICO price, and yes it is dump ready by holders waiting for exchanges.
What about our bet? I can't keep 8 BTC waiting for your reply too long, I already missed a good opportunity.
It clearly has some problems, but remember, the markets are irrational. No one expected people would give a price of thousands of Bitcoins for a single ZEC at launch. The end of the story we know well...
Yes, but it doesn't mean to start trading your own coin and not caring about anyone would buy them in exchanges, the developers clearly said that they do not care whether Exchanges accept IOTA or not.
It's better to wait for it to hit the exchange and see what happens.
Most people lost money that day, with the exception of insiders, and people using private software to mine using GPUs. You would have to be very lucky to mine something substantial using the open source CPU mining software.
It clearly has some problems, but remember, the markets are irrational. No one expected people would give a price of thousands of Bitcoins for a single ZEC at launch. The end of the story we know well...
Yes, but it doesn't mean to start trading your own coin and not caring about anyone would buy them in exchanges, the developers clearly said that they do not care whether Exchanges accept IOTA or not.
It's better to wait for it to hit the exchange and see what happens.
It clearly has some problems, but remember, the markets are irrational. No one expected people would give a price of thousands of Bitcoins for a single ZEC at launch. The end of the story we know well...
Under no circumstances should a coin be traded privately to inflate it before getting on exchange
Agreed on the bolded part. How does that apply to IOTA (the subject of this thread)?
I don't see anything wrong with that. This is crypto world, not wall street, people can do whatever they want with their coins.
and its our choice whether to support or not no one will force us, its a matter of timing for us to able to gain some good profits.
Under no circumstances should a coin be traded privately to inflate it before getting on exchange
I just had a look at your post history, silly little trollpuppet ...
I also become part of their slack, I think IOTA will be the next one who will master the coinmarketcap other than ETH and others
Under no circumstances should a coin be traded privately to inflate it before getting on exchange
Agreed on the bolded part. How does that apply to IOTA (the subject of this thread)?
I don't see anything wrong with that. This is crypto world, not wall street, people can do whatever they want with their coins.
Under no circumstances should a coin be traded privately to inflate it before getting on exchange
then your rank is at least Obersturmbannführer, korrekt?
"In the near future, we can expect that a machine will be able to pay its assembly, its maintenance, its energy and also for its liability insurance by giving data, computing power, storage or physical services to other machines. For the first time in history a device will be in a position to earn and spend money on its own. At this point a machine turns into an entity that tracks revenue and expenditure from its own activities."
Sincerely,
Iota
"Today, we have “unbanked” machines with limited possibilities to participate in economic activities, as no traditional bank is willing to give a bank account to a machine. Now, devices can achieve self-sovereignty by owning their wallet to store digital currency. Income is generated by a machine through physical or data services without any middleman and can be used for purchases like insurance, energy or maintenance.
These scenarios are possible with IOTA. When tracking the identity of machines, “know your customer” (KYC) — which is the main criteria for a bank to provide a bank account to a customer — is also applied to machines: “Know your machine” (KYM) or “Know your object” (KYO) is the beginning of self-sovereignty for machines.
IOTA offers a unique set of distinctive features to machines that sets it apart from other blockchain technologies."
Sincerely,
Iota
This coin is not meant to be used by humans it's for machines as they've stated.
What do you plan on doing with the coins? Selling your coins to iRobot in 2030? 😂
IOTA used your money to make their centralized company successful but their coin will be useless. All these coin holders hoping some machine comes to buy their coin to use for payment just like Ripple investors hoping banks come buy their coin. Sad to say but even banks have a better chance of buying XRP than companies that utilize robots have of buying iota coin. Even if one in a million chances a company needs robot to robot payment, most likely they'll be given it for free and very very little will be used. This whole scheme is to fund their software company, sorry for whoever fell for it. Next time think a little harder about what you're buying. You aren't buying their company shares just a coin meant to be used for robot to robot payment which no one needs.
Under no circumstances should a coin be traded privately to inflate it before getting on exchange
Agreed on the bolded part. How does that apply to IOTA (the subject of this thread)?
I don't see anything wrong with that. This is crypto world, not wall street, people can do whatever they want with their coins.
Under no circumstances should a coin be traded privately to inflate it before getting on exchange
then your rank is at least Obersturmbannführer, korrekt?
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