The thing that pisses me off about IOTA is the ongoing snapshots, disappearing balances(having to generate new addresses in a new wallet to get the funds back) and loss of access to your coins when the devs decide to move them all to an address they control and you have to wait a month for them to release a new tool to try and get them back.
Is IOTA decentralised when at any time the dev team can literally take your funds and move them to an address only they control without your pre approval?
I do hold some IOTA but my main investment is KMD. So much going on with this project you would be crazy to ignore it.
Topic: IOTA is the next big thing - page 78. (Read 45441 times)
Thanks pal, really happy that you are bullish on IOTA, invested in it also. Really liked how you investigated ZenCash, bought it at the same time but I missed that train setting my sell order too low (lost 350% profit because of 20%). Too much noise in the crypto space, so people get confused, my strategy is to find reliable people and follow their advice, and you are right there in the top 5. This confirmation on IOTA (other smart investors reccomend it also) is a very good sign for me.
In case I have missed some of your other favorites, can you list them here? Just a short list, nothing more.
In case I have missed some of your other favorites, can you list them here? Just a short list, nothing more.
Maybe you have read some of my calls before. My last call was on ZENcash: https://bitcointalksearch.org/topic/zen-is-a-superior-version-of-zcash-but-only-2-of-price-lot-of-development-2078049
It was a month or two before ZENcash mooned, while all other alts doomed. No I am not a member of a pumpgroup, not a prophet or a great trader, nor do I like P&D of garbage and scammy coins which have no future. Some people have written me PMs and asking for advice, so I decided to write my next advice here for everybody. I do not have many time and also not many advices, because I think that most coins out there are useless or do not have what it needs to be successful long term.
I am just an investor who is longer in this field and doing deep research, taking a position in cryptocurrencies before others do. A position from which one I can hodl long term and with a lot of patience.
If you take your time to intensively screen through the mass of projects you will see that many of them are without value, with no development, copycats, no problems they can solve or they do solve problems which could be solved also with a centralized solution. Projects with a lot of shiny marketing and no backing by big names.
This will be a really simple and fundamental analysis, so you have to do your own research, not rely on what I or others are telling you.
Fundamentally new technology
IOTA is completly different and let me tell you why. IOTA is a hedge against all blockchain based projects as it is based on the tangle, not on a blockchain. IOTA transactions are fast and feeless, they cost nothing. There are no miners, no fees. No conflict of interest between those who send transactions and those who validated them.
When you send a transaction on IOTA, you have to confirm other transactions in order to have your IOTAs sent. IOTAs technology is in this case without real competition. IOTA is not an altcoin, because it is a completly new version of a decentralized value network. IOTA is made for the machine to machine (m2m) business but can be used by humans too. Transactions without fees are a killer application.
IOTA has a market cap of only 1 billion, while I think it could reach 30 billions like Ethereum.
IOTA is a mothercoin, like BTC.
IOTA Foundation is cooperating with global player companies
IOTA is supported by the daughter company (Innogy) of the energy giant RWE. Bosch is highly supporting IOTA. Bosch is the largest manufacturer of car electronics worldwide. IOTA will be used for transactions between electro autonomous cars and loading stations. Innogy is highly thrilled about this function because it takes out the middleman, the banks or any kind of contracts. The CEO of Fujitsu Europe is mentioning IOTA several times on this twitter account, so we could see here further cooperation. There are several global players which have already plans and contracts to work together with the IOTA foundation. When they will be revealed it could bring up the price to new highs.
Advisors of IOTA are people who have worked for large global players, they have a name and reputation to lose, the same is true for the cooperating companies.
Also important to know: Every company will use the one IOTA network and will use the IOTA tokens. Compared to Ethereum where everybody can have their own Ethereum network, IOTA is only secure if many take part. So the main IOTA network will be used by all. Also Ethereum allows you to create tokens on top of the network, while on IOTA you need to use the one token. Everything contrary you will read about this is just a simple lie. Also it is a lie that there are too many IOTA tokens arounds, do basic math. You can divide BTC behind the 0, but IOTAs cant be divide, they are already like Satoshis.
The IOTA foundation has been supported by the IOTA whales with funds. The tokens were fairly distributed (not like ETH), and even the developers had to buy them. The IOTA foundation has announced that already in this year they will start hiring around 50 new developers. This is real dedicated development on a huge scale, not a pseudo project. This ist the new Ethereum competitor.
IOTA will have smart contracts
IOTA will have smart contracts similar to Ethereum. This could already happen in 2017 and would give it a further feature. This will push the market cap up. Even without the contracts Innogy gave up Ethereum and switched to IOTA. Flash channels on IOTA for example enable you to transact trustlessly even without a smart contract. You load your car with energy and load the energy station with packages of IOTA microtransactions. If one side stops to load, the other stream (energy or IOTA) stops too. Ethereum can`t do this.
IOTA is only on Bitfinex and Binance - more exchanges will come
More exchanges will come for sure and are already in contact with IOTA foundation. We know from the past that exchange adoptions have pushed the price of many strong cryptocurrencies.
FUD, why IOTA is undervalued and weak points
IOTA is simply undervalued because of one thing: Most crypto investors do not understand it. It is to hard to grasp for the pump and dump seeking mass. It is too hard to undersand why feeless transactions could finally bring blockchain based projects like BTC to struggle.
There was a lot of FUD against IOTA and disinformations spread by those who accumulate or fear IOTA. Indeed there are still some drawbacks and some things to overcome. The IOTA network needs the so called coordinator a group of nodes which support the tangle network by generating transactions. Those are needed as long as the IOTA network is still small, but will be shut off as a critical mass of the network size has been reached. Also people are complaining about network updates and so called snapshots which lead to circumstances in which the users had to use a tool to gain control over their funds again. Nothing too complicated but it was used for FUD endlessly.
The way of intensive, orchestrated and organized FUD on social media against IOTA is for me a clear sign that some whales are accumulating here.
This FUD will be turned into hype by the same people. I have watched this game too many times.
Of course you can wait till all bugs are out and IOTA is fully used by everybody, but then you can be sure the current 1 billion market cap will be more around 30 billions, like ETH is, or even higher.
I prefer to buy when its cheap, not expensive.
Why am I taking my time to write this?
Yes I am invested in IOTA, yes I would like to see it go up. But I only invest early in later very strong cryptocurrencies. I would like to see IOTA prosper because I am simply tired of watching scammy ICOs and worthless garbage coins beeing pushed up and sold to new bagholders. Imagine we live in a world where the scam Bitconnect was pushed up into the top 10 of cryptocurrencies. If I just steer some people away from shitcoins into a valueable project which could have a deep impact, its fine for me. If you think I am shilling, I do not care. This one will go up and there is nobody who can prevent it.
This text is neither complete nor does it give you full informations, dont be lazy, read and research or lose your money on bullshit coins.
It was a month or two before ZENcash mooned, while all other alts doomed. No I am not a member of a pumpgroup, not a prophet or a great trader, nor do I like P&D of garbage and scammy coins which have no future. Some people have written me PMs and asking for advice, so I decided to write my next advice here for everybody. I do not have many time and also not many advices, because I think that most coins out there are useless or do not have what it needs to be successful long term.
I am just an investor who is longer in this field and doing deep research, taking a position in cryptocurrencies before others do. A position from which one I can hodl long term and with a lot of patience.
If you take your time to intensively screen through the mass of projects you will see that many of them are without value, with no development, copycats, no problems they can solve or they do solve problems which could be solved also with a centralized solution. Projects with a lot of shiny marketing and no backing by big names.
This will be a really simple and fundamental analysis, so you have to do your own research, not rely on what I or others are telling you.
Fundamentally new technology
IOTA is completly different and let me tell you why. IOTA is a hedge against all blockchain based projects as it is based on the tangle, not on a blockchain. IOTA transactions are fast and feeless, they cost nothing. There are no miners, no fees. No conflict of interest between those who send transactions and those who validated them.
When you send a transaction on IOTA, you have to confirm other transactions in order to have your IOTAs sent. IOTAs technology is in this case without real competition. IOTA is not an altcoin, because it is a completly new version of a decentralized value network. IOTA is made for the machine to machine (m2m) business but can be used by humans too. Transactions without fees are a killer application.
IOTA has a market cap of only 1 billion, while I think it could reach 30 billions like Ethereum.
IOTA is a mothercoin, like BTC.
IOTA Foundation is cooperating with global player companies
IOTA is supported by the daughter company (Innogy) of the energy giant RWE. Bosch is highly supporting IOTA. Bosch is the largest manufacturer of car electronics worldwide. IOTA will be used for transactions between electro autonomous cars and loading stations. Innogy is highly thrilled about this function because it takes out the middleman, the banks or any kind of contracts. The CEO of Fujitsu Europe is mentioning IOTA several times on this twitter account, so we could see here further cooperation. There are several global players which have already plans and contracts to work together with the IOTA foundation. When they will be revealed it could bring up the price to new highs.
Advisors of IOTA are people who have worked for large global players, they have a name and reputation to lose, the same is true for the cooperating companies.
Also important to know: Every company will use the one IOTA network and will use the IOTA tokens. Compared to Ethereum where everybody can have their own Ethereum network, IOTA is only secure if many take part. So the main IOTA network will be used by all. Also Ethereum allows you to create tokens on top of the network, while on IOTA you need to use the one token. Everything contrary you will read about this is just a simple lie. Also it is a lie that there are too many IOTA tokens arounds, do basic math. You can divide BTC behind the 0, but IOTAs cant be divide, they are already like Satoshis.
The IOTA foundation has been supported by the IOTA whales with funds. The tokens were fairly distributed (not like ETH), and even the developers had to buy them. The IOTA foundation has announced that already in this year they will start hiring around 50 new developers. This is real dedicated development on a huge scale, not a pseudo project. This ist the new Ethereum competitor.
IOTA will have smart contracts
IOTA will have smart contracts similar to Ethereum. This could already happen in 2017 and would give it a further feature. This will push the market cap up. Even without the contracts Innogy gave up Ethereum and switched to IOTA. Flash channels on IOTA for example enable you to transact trustlessly even without a smart contract. You load your car with energy and load the energy station with packages of IOTA microtransactions. If one side stops to load, the other stream (energy or IOTA) stops too. Ethereum can`t do this.
IOTA is only on Bitfinex and Binance - more exchanges will come
More exchanges will come for sure and are already in contact with IOTA foundation. We know from the past that exchange adoptions have pushed the price of many strong cryptocurrencies.
FUD, why IOTA is undervalued and weak points
IOTA is simply undervalued because of one thing: Most crypto investors do not understand it. It is to hard to grasp for the pump and dump seeking mass. It is too hard to undersand why feeless transactions could finally bring blockchain based projects like BTC to struggle.
There was a lot of FUD against IOTA and disinformations spread by those who accumulate or fear IOTA. Indeed there are still some drawbacks and some things to overcome. The IOTA network needs the so called coordinator a group of nodes which support the tangle network by generating transactions. Those are needed as long as the IOTA network is still small, but will be shut off as a critical mass of the network size has been reached. Also people are complaining about network updates and so called snapshots which lead to circumstances in which the users had to use a tool to gain control over their funds again. Nothing too complicated but it was used for FUD endlessly.
The way of intensive, orchestrated and organized FUD on social media against IOTA is for me a clear sign that some whales are accumulating here.
This FUD will be turned into hype by the same people. I have watched this game too many times.
Of course you can wait till all bugs are out and IOTA is fully used by everybody, but then you can be sure the current 1 billion market cap will be more around 30 billions, like ETH is, or even higher.
I prefer to buy when its cheap, not expensive.
Why am I taking my time to write this?
Yes I am invested in IOTA, yes I would like to see it go up. But I only invest early in later very strong cryptocurrencies. I would like to see IOTA prosper because I am simply tired of watching scammy ICOs and worthless garbage coins beeing pushed up and sold to new bagholders. Imagine we live in a world where the scam Bitconnect was pushed up into the top 10 of cryptocurrencies. If I just steer some people away from shitcoins into a valueable project which could have a deep impact, its fine for me. If you think I am shilling, I do not care. This one will go up and there is nobody who can prevent it.
This text is neither complete nor does it give you full informations, dont be lazy, read and research or lose your money on bullshit coins.
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