I decided to make my first public appearance at the talk show of my good old friend Orban.
I am talking about the current state of the IOTA project.
I hope you enjoy:https://youtu.be/CH88pVzto-0Beware of price gouging!!!I´d like to remind all potential buyers of the fact, that all IOTA OTC offers on BTCtalk are way beyond any reasonable market price . Before you buy from OTC sellers keep in mind that the current offers reflect a projected initial market cap of 15 - 30 million $. Price markups reach from 2000% - 4000% on the initial ICO price.
--> The price your seller actually payed for his coins.There is not one single crypto or oldschool derivate which would have justified an ICO or IPS surcharge of over 2000 %. Remember; Bitcoin uplift took several years; Etherium exchange price was way below current IOTA ICO price multiplicators
It just does not happen on this planet... If you buy 100Gigiota for 1,5 BTC now you will get
ripped off and it will take months of market time to recover from your financial quick shot.
As for a serious suggestion: Wait to buy IOTA until they are traded on the exchanges. All market rules indicate an exchange price which does not exceed 100GIOTA / 0,5 BTC.
Right now OTC sellers can be devided into 1 of the following strategies:
1. Seller believes that exchange price will be way lower than rigged OTC offers on Bitcointalk. If this would not be the case, seller would wait until the sale on exchange markets
2. Seller believes that the outlook on IOTAS potential is overall limited and expects an early crash. Selling via OTC has biggest potential of ROI
Consider; what other reason would a seller have to offer IOTAS at the current price? If prices on exchanges happen to magically multiply by 3 - 10 times of current OTC price (this would constitute an initial exchange markup of 6000 % to 40000% compared to ICO), why would anyone sell now? Charity?
You see; none of the offers here will lead you to quick ROI. Every investment into a new cryto coin comes along with a certain degree of risk. Buying OTC prices will multiply your risk. Believe me; risk assessments are part of my daily business....
Conclusion: All IOTA OTC offers on BTCtalk are intransparent, rigged and overpriced.
Think now; thank me later. If you think my post is FUD just recalculate your risk for yourself...
UPDATE: Price confirmed by IOTA DEV:BTW. what about my bet:
im betting 0,5 BTC that exchange prices of IOTA will be under 0,5 BTC / 100Gigiota 24 hours after exchange start.
@Sellers: Since your prices are so modest, whats the prob with joining the bet? Just do it...
I won't bet against that, it's probable.