Topic: I just dumped my IOTAs (Read 3295 times)

Most of the coins pumped during the last bull run and I could agree that IOTA was one of the most pump, but looking at the price now, it made me realize that it isn't really a strong coin that can survive in tough times, actually most of the altcoins are struggling so it depends us on how to evaluate it now.

This market has been hype but people love to ride with the FOMO so this coin has been successful in the past, but if you are not satisfied on the team's action now, you can always make the decision to leave and invest on other coins, but I will tell you, whatever coin you put your money is also not guaranteed that will satisfy your all the time.

IOTA is one of the most hyped coin of it's time and one of the least performing. Though they are still in top 20 on coinmarketcap, the price at the moment is one of the lowest, even lower than the late 2018 depression. They haven't stopped going to blockchain conference and announcing partnership but we are yet to see any solid development in it's Internet of Things implementations.

I also read about the news and what the cofounder said is that he sold holding and also exit because of interest conflict.

To be sincere. IOTA crisis started from the day it was created because it was built not on blockchain but on a network called "Tangle" which was the done by a mathematician (Serguei Popov). So, if the coin co-founder decided to move I understand.

I read the news that the co-founder of this coin sells all his cryptocurrency and leaves the market. I think the IOTA team will feel a serious crisis in the near future

   One of the founders of IOTA sold off all of his tokens and he announced that he quits crypto-currencies. Rumors are different,
some say that he announced retirement a year ago, and that he sold his other crypto-holdings too. His companies are still working
and some people don't think that this will hurt IOTA in the long-term.
   There are many discussions on the internet. I seen many positive and negative comments, it's hard for ordinary guy like me to find
the truth in that mess, people are talking all sort of things!

Why dump so early, it is better to hodl than to sell for a penny. You are likely to regret in the very near future. From experience, unless you need to sell a particular coin after it has failed to achieve any potential after a long period of hoping for the best. Never sell for a penny and regret later. 

FUD is around every crypto project, its one of the things non of them can avoid. In 2017 I made a nice profit on IOTA, and in 2018 I bought some again. I don't expect IOTA to go to the moon, but in time I believe that I will have some good return from IOTA.
In the past we have seen people dumping bitcoin and ethereum, simply cause they didn't believe that price will recover and make new records. People had a choice back then, people have the same choice now, take it or leave it, there are risks, but if you are in crypto long enough you should learn to live with that!

I can't believe people still baghodling this p&D scheme. Tangle technology is way inferior to anything blockchain related. Sending money via tangle is symply not efficient way of doing anything. I hope baghodlers will realise that they are missing out innovative projects while believing in somthing that was a scam and won't moon ever again  the whole mocrofoft on board thing was a marketing scheme, there never were any real partnership, just a marketing plot to cash out on them bags.

it does appear that more people like to purchase most Altcoins when there is a little bit of a hype about them.

People are still very interested in it.

Bad attention is good for ratings, because people love scandals and are amused by it. But this is not a TV, IOTA is not Kim Kardashian and spectators are investors, not bored housewives, and I don't think anyone here finds it amusing.

 Pity, I'm seriously considering investing in IOTA and this thread makes it more difficult.

  this topic make me curious about my IOTAs. Maybe I will wait more because price is go up now

Well.. everyone is entitled to their choice... but you'll be the one who'll be crying when IOTA goes to top five

The price is recover now. If your things u say is the truth. Everything will fall soon

Seriously, I saw the same post (TheJim) on many YouTube - IOTA Videos under the account ''Joseph Ducreaux''
Here one example in the comments: https://www.youtube.com/watch?v=Mw4XpmPq-Og


Btw: It seems this guy ''Joseph Ducreaux'' is ''TheJim'' and ''ridery99''. He is the guy who is spreading the FUD about addiction and all this things. And in every FUD-IOTA Thread/ Post I see ''SatoNatomato'' too.

Unfortunately, such topics will keep appearing. I am sorry you didn't see the obvious at the beginning, supporting the scam you helped them.  Anyway, better later than never.

Premine = Scam!

IOTA devs can't develop anything because they are selling heroin, that's why FBI forced bitfinex exchanger to shut it down. It got hacked because it's not capable of doing what Monero or Lisk does and it's too vurnerabre. IOTA dev team is probably trying to hide their addiction behind IOTA hack to make final dump before zero satoshi price tag.

More information:
https://bitcointalksearch.org/topic/what-if-iota-fud-is-true-2166184

IOTA devs should not be working on anything anymore, they are rookies, incompetent, and are hurting the entire ecosystem of cryprocurrencies with their basic mistakes, malicious code injection, anti-open source, and negligence.

Even a copycat clone of bitcoin or Monero is still lightyears better, and not in beta, compared to what iota devs delivered for 2 years.

I didn't know that. Thank you for informing. Smart contract technology is already being used by Ethereum and if IOTA is planning on to develop the same technology to their coin there might be an increase in IOTA coin's price. This might be the big break that they want but it will only happen if their dev team is working good on developing the technology. On the other hand Ethereum is already building smart contracts and it has a better chance to be adopted by people which might be a disadvantage for IOTA. So nothing is predictable.

the team is working right now on new cool stuff (e.g. smart contract stuff etc.)
Like every other crypto IOTA is still in beta mode and not fully developed. But they have a very strong team working hard on it.

It would be awesome, if only Byteball have such promotion and marketing like IOTA. But IOTA is still on the same place without any developing and news.

I personally see no development in IOTA. Although the coin has a potential their development team doesn't seem so motivated to me.
They have just made a coin and sitting there doing nothing about it. If they start concentrating on the coin and develop it further more then i guess it might be a tough competitor in the market but until then this might be just another shitcoin. I once invested in it but it resulted in no profit as the coin's price didn't make any improvements any time soon. It was basically a waste of time for me in IOTA.

I bought a bit, which is what I could afford, back when they were pretty high. They might have dropped a lot since, but I'm gonna stick to them, since they are still one of the more promising projects out there. If I could, I would even buy a bit more now that it is low.

Wow, the butthurt in this thread is heavy.  IOTA is an amazing platform and the future of the M2M economy.  Everyone in the IOTA community knows exactly what went down and how the melt commenced.  To come here out of pure rage and write a novel is laughable.  Have fun in your moms basement while we all continue to buy on the dip. 

Oh! Why the big red letters in accusation but without anything to back it up. IOTA has been doing perfectly well. It would be much appreciated if links as well as reliable sources will be attached also in your original post so that the people here will be enlightened and those that have been with IOTA will be able to respond as well.

I wouldn't call it scam based only on this, but it shows lack of professionalism.

Still not the biggest problem. Lately, I'm a bit skeptical about ICOs, because of the possibility of developers buying coins from themselves. Could someone point out a link that shows there was transparency in this?

    figured it went something like this

cool, i'll buy some more

And why there was no real effect on the price yet?

Hm. Hope that your decision is good. IOTA seems very legit to me. It is on the top 20 coins on the marketcap and it can not be fake. Well, maybe time will tell us more about this team. Maybe you are right. In this moment, the number of people who do not believe in IOTA has increased strongly

You seem to make excuse that this is a normal bug in software development. Its not, its a major fuckup from the decision itself, the idea, motivation, to implementation.

Incompetence of highest kind.

This is the kind of mistake teenagers make, rookies.

Come-from-Beyond is a scammer, either very incompetent or just enough to scam.

Just calm down everybody. Let anyone make his own decision. This is not a kindergarden.

Any project! And I say any project got his big mistakes. It is good that the problems with IOTA has been detected at an early stage.
So the developers can solve the problem. I can't understand the hysterical mode everytime.

If you call anything a SCAM.. you are not working with modern technologies. Nothing is perfect at the beginning.. so give the team the time that they need!

I won't call any of the TOP-100 coins a SCAM. The teams are giving their best day by day and it is not an easy work. I got a big respect for all of them.

An what the developers do in their free time is the privacy of them.

Damn this IOTA COIN! Almost had me! I was about to invest a good sum of money in hopes to get profit! Good thing a friend of mine gave me an advice that this coin is a scam and all their visions and promises are just pure b'sht. This really pisses me of. People who are trying hard to earn shouldn't be scammed. I hope karma finds its way to the devs of this coin.

IOTA is good project but nothing for me, thanks. If it falls to $100M-200M market cap I can think of buying it. It's extremely overvalued now. I don't understand why people buy it.

IOTA is a scam.

You did the right thing. I too knew it would be one of those large scam, so I stayed away from it though tempted for many times.

Shame on me that I didn't understand what will happen this before.

Iota has scam written ALL over it.

Byteball has no miners, no PoW or PoS, a novel consensus design in distributed systems.

Your gods, iota devs, are not only rude assholes, they are also incompetent, and full on their own ego.

A bachelor student would have done a much better job than your dear CfB.

Thank you for your very valuable post.
I think a much better alternative to Iota is Byteball, honest dev and fair distribution with no hype ... yet

I keep hearing more and more about the negativity of the IOTA team. This was one of the most exciting "altcoins"  Its a shame i bought in real low so i'm going to HODL still

This is what iota is all about. To make it moon and then dump. too bad it dumped already. and you iota people make are so arrogent you even make death wishes to real investors to make sure they go away and never pump iota. shame

Believing in scam doesn't moon anythi ng in the exchanger. Monero will prevail and make an alliance with LISK and win scam IOTA and destroy it! You have been warned agaist scam dumper coins IOTA believer will lose dump now while you still can . This has nothing to do with the regulation ICOs but IOTA is a scam and strong hand understand this, that why it's dumpin even more

A successful project have the most haters and criticism. The more attention IOTA gets the more victorious it will become in years to come. That's why I bought more IOTA and ready to buy again from dumpers! 

Dumping iota is one of the wisest thing you can do. Many of us pumped and dumped it and now the scam is over. People are moving into a more innovative coins as monero, lisk, ethereums etc. Hope you dump too before it's too late, not fudding just giving an advice to all the strong hand real investors out there, don't become bagholders and fans of a dead projects just saying

Byteball is not a blockchain, is a DAGcoin, without PoW or PoS and has much much mature and friendly devs and community.

In fact, CfB the main iota dev has been distastefuly FUDing the Byteball thread since its launch.

It is time for everyone to abandon this sad joke of an alt. It follow the scam book, not looking good from my point of view

Sir,
I was there when you got banned and when you came back with a new account to threaten a social media campaign to discredit the project.

You have borrowed money on margin the day the market crashed following China news of an ICO crack down. You lost a lot of money that day
and went on a rant accusing everyone of stealing your money. You also filled your posts with homophobic rants and cospiracy theories and got rightfully banned to continue your very offensive  behaviour.

Personally I am glad that an emerging and promising project like IOTA has nothing to do with the likes of you.

Sold too after reading the AMA on reddit.
God damnit so much immature responses, very unprofessional. I wont hold bags with a team like that to determine my economical outcome

Besides the swearing, how is the technology coming along?

I was wondering who will surmount this scalability hurdle for the blockchain.  I thought it might be Iota or EOS.

Good call that market is gonna take a big hit. Maybe come say hi to us over at Neo #HODL

IOTA is my favorite coin for long time. A very powerfull project and a good alternative. I wouldnt sell them because it is not yet priced.

Yea it really is a shame. So much potential for this coin.

Actually bought some IOTA today at 56cents then sold at 57 cents after doing some reading... bit dumb of me to not read up first before buying but it turned out alright.

I had exactly the same issue with SALT, like the Gestapo.
Not what crypto is about to me.

Thanks for post/feedback on IOTAs.

You should all read "IOTA Unmoderated thread" from page 52.

Was about to invest in IOTA, but not after reading your post. Thanks

Well, you should not buy any coins that have more than 100M total cap or max cap.

I dont think it was a good idea to dump your coins just now that we are facing a huge FUD in the whole forum because of regulations.
But i have heard something about the founders of this coin, if that is true, then it is a mess, what kind of leaders are they? I dont hold any IOTA right now, but it looks like a joke from them, i was lucky that i am not investing in there.
But that is why you all have to be carefull about in which coin are you gonna place your funds

Not sure if you're trying to spread FUD or whether to take your post seriously. Anyone else here agree with this? Was about to set a few buy orders for IOTA today.

Can you provide more information regarding "Paragon" and IOTA´s association with it?
I´m hearing this for the first time and have no clue of the verisimilitude of this statement.

Additionally, I always thought that IOTA´s value proposition was a bit sketchy. Internet-of-things
is a nice buzzword, but I´m still not convinced that cryptocurrency is essential for realising
projects in this area of technological progress. I´m much more bullish on smart contracts and similar
innovations than on IoT. Besides, I think the times when every electronical device will be constantly connected
to the internet are still many years away while obstacles like cyberhacks and so on pose a major challenge.

Ask yourself why this brand new anon user continues to create different pseudonyms (chikun, thejim, DBFWM) to copy/paste this across different platforms. It's a FUD/smear/rage quit campaign. It happens all over the internet, it's now the norm.

I remember when Mike Hearn did the same with his Bitcoin. Just another angry person on the internet, okay.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7

People are talking shit in the slack and wondering why they get banned, funny.
I had never problems with the devs. Maybe you should ask yourself why you got banned!

I just dumped mine with loses today due to the paragon-iota teaming up. I am glad to confirm there are more motives to run away from it.

That was an informative post mate.

You might want to check out Orumesh? I have a friend building it and he's humble and honest and knows his DAG.

Actually was about to invest in IOTA, but not after reading your post. Thanks

If you haven't read thread : IOTA - the scheme is being pumped hard now don't fall for the trap Its worth reading. I personally align with Cryptohunter's View, No difference between Bitconnectcoin and Iota.

I just got banned too, it seems we must try to move and leave from the iota. That was a joke coin. And that must not worth billion dollar in the market capitalization i remember everyone become crazy to earn iota.
That was confirmed another shit coin.

I completely agree. The tangle is a smart invention, but the foundation is being run by inept and very arrogant people. That's why I'll be on the look out for other tangle coins - the team at MIT just exposed the security flaw in the Curl. So it was replaced. We all know that the "security flaw" was the trap CfB laid out. Now that's gone, and the IOTA clones will soon flood the crypto world - and IOTA itself won't stand a chance with that dev team. Much more competent people/other teams will take over. I have no doubt about that.

My friend reported me the Slack ban action, but I first thought he's just kidding with me. Then your thread confirmed this. It's pittyif IOTA is managed by these people. It has actually billion dollars potential, just pitty.

I just dumped my IOTAs. Not going to support this joke of a team.

The IOTA founders, David Sønstebø and Dominik Schiener are just two emotional wrecks - and not least megalomanic narcissists. They ban people for literally nothing on the slack, while they themselves swear all the time and openly call people "retards", among other things. They think they're kings and that the rest of us are mere peasants. Many of us have noticed that.

You simply can't ask one slightly critical question or disagree with them in any regard, unless you want to get sweared at and then subsequently banned. David has furthermore admitted that he is a marijuana addict, which also expresses itself in his attitude towards other people, and not least IOTA's partnership with the scamcoin "Paragon". Don't trust an addict.

They keep on making promises, but nothing ever happens. Also see their github - really not looking good, no progress at all lately. Plus they hang out on the slack a lot of the time, which just tells me that they're not at all working as hard as they should be. It's all promises, but no action. Don't be like me and believe all their empty promises. It all looks so good in the beginning, and the breakthrough seems to be just around the corner, but nothing happens. They're full of it.

Then they try to blame it on the investors when we ask where the results are (not in terms of price) - almost as if they expect investors to actively participate in the development of the project for free. Would you invest in for instance Apple and then work for free for them? - No, you invest, and then you expect them to work for you, because you trusted them with your money. It's not the job of an investor to be an active part of the development. Never has been, and never will be. They want people to work for them, but they refuse to pay them. But of course David laughs in his usual arrogant manner when he's being told that. Cause he's better than the rest of us, remember? - David is the all-knowing king, and you're just a retard. Never forget that.

I can't imagine any big corporation wanting to partner up with them - and none have so far. They only "test" it, they claim. However, with the extremely arrogant attitudes of David and Dominik, plus their non-existing marketing strategy, they will fail. Imagine David at a meeting with serious investors? Haha. Imagine a CEO of a large company finding out how David talks down to his investors?

I have no doubt they will fail. Mainly because of David. Just listen the to radio interview he gave a month ago or thereabout - it's on youtube. So much swearing, and the inner narcissist just shines through. He can't hide his inner asshole behind his big beard, although he tries to.

Exchanges don't even want to list it. It could be done in no time. I have talked with programmers who've told me they don't understand it either, because it would take less than 24 hours for them to write the code necessary for an exchange listing. There's really something fishy going on regarding IOTA. It's always "soon".

I initially believed in IOTA, but I've lost all faith in it, the more I've learned about the devs. Mainly because of the extremely childish behavior they exhibit. Not a team I want to throw my money at, so I decided to cash out. A good technology or business idea is worth nothing when the team behaves like 12 year old boys. I lost all faith in their project, and I will do everything I can to make other people realize that too before it's too late for them. They are liars, narcissists, and possibly also very elaborate scammers.

CfB talks about traps in the IOTA code, so that other people can't just copy it and feel safe that it won't get "nuked" at his will, as it's been said. So ask yourself this question:

How many more "traps" and backdoors can't he have put in the code? - They'll probably open a backdoor at some point and steal people's coins. I have no trust in them. And don't fall for their "open souce" - cause if it's possible to make a trap without other people being able to spot it, then it's possible to make any trap/backdoor. They're narcisissists - it's so self-evident. Just join their slack and watch it for a day. It's insane. They really think they're superior to the rest of us. Don't ever trust narcissists, cause they will mess you up. Have that in mind, always.

Besides that, the trap has been found, which makes way for a lot of IOTA clones the coming time - projects that will have way better, less arrogant, less inept developers. IOTA will fall behind soon. It's the first born stillborn.

My best advice is to dump IOTA and run for your life, cause it's a doomed project with that dev team. There are coins out there with much bigger growth potential anyway. IOTA's market cap is already too big for the really large gains. You're in it for the money, aren't you?

I won't be sorry, no matter how high it goes (which isn't really that high), cause I simply refuse to support such inherently narcissistic assholes. It's simply a matter of having self-respect, and I value my honor and self-respect way higher than any amount of money. Plus lately, I have come to believe more in other coins that aren't the tangle + dozens of empty promises on a weekly basis.

Getting called a retard and be banned from the slack is apparently the thank I get for constantly promoting IOTA the first 1½ month following my investment - until I started getting suspicious the last two weeks and started asking just slightly critical questions. I will flood bitcointalk, other crypto forums, youtube, twitter and facebook with anti-IOTA articles and comments, just like this one. They deserve it, they asked for it, and the investors deserve to know the truth - so they can make their own decisions.

Having said all of this: Don't trust me. Just go to their slack and hang out there, notice all their empty promises, the way they talk to people, who they ban and what they ban them for etc. Google their names and read about them. Make your own judgement. I'm sure you will quickly be able to see exactly what I mean and feel disgusted by the way they behave.

Best regards.