Topic: Is IOTA a scam? - page 2. (Read 425 times)
it looks like IOTA is not a scam but maybe this is the effect of the fall in the price of bitcoin, you should see when the price of bitcoin falls then the price of all other cryptocurrency also falls.
I read a post in this site, but the IOTA OP doesn't bother to answer. The post is:
During the crowdsale in Nov/Dec 2015, about 0.5M USD were raised (or 3M, doesn’t make a big difference)
* Until listing on Bitfinex in June 2017, IOTA was traded OTC
* The initial market cap on June 13 was roughly 1.7B USD (https://coinmarketcap.com/currencies/iota/historical-data/?start=20130428&end=20171117)
* The week before, there were roughly 5000 addresses with a positive balance (https://medium.com/@IngoFiedler_96862/iota-an-update-on-token-distribution-and-exchange-launch-ee3e56bd0d32)
Hence, each of the addresses’ owners invested on average 340K USD. How can that be even if some of them invested let’s say 1M USD or more?
(Link: https://bitcointalk.org/index.php?topic=1262688.1660)
Also, I found this interesting comment in reddit:
IOTA was listing on CMC at #7 with over billion in market cap despite an ICO that raised only $10m. ICO price was $0.002, listing price was $0.67. This return of 250,000% is the highest for any crypto coin.
Apparently IOTA shills will tell you it was "traded on slack channel" and thus no records exist of the trades during this period - well that doesnt explain the 250,000% gain does it? It could be atleast explained if there was a product, but IOTA did not even have a product from ICO till listing. (Dec 2017 till listing on finex). Who will trade shitcoins at a 250,000% premium when the coin does not even have a product?
Ever since IOTA listed on finex, it has been going down (apart from a fake microsoft partnership pump) and today is much lower than its listing price. And it will continue to go down, as its value has been marked up fraudulently by its promoters by listing it at a huge market cap despite collecting only a tiny fraction in the ICO.
Anyone has the answer for this one? Is it a scam?
During the crowdsale in Nov/Dec 2015, about 0.5M USD were raised (or 3M, doesn’t make a big difference)
* Until listing on Bitfinex in June 2017, IOTA was traded OTC
* The initial market cap on June 13 was roughly 1.7B USD (https://coinmarketcap.com/currencies/iota/historical-data/?start=20130428&end=20171117)
* The week before, there were roughly 5000 addresses with a positive balance (https://medium.com/@IngoFiedler_96862/iota-an-update-on-token-distribution-and-exchange-launch-ee3e56bd0d32)
Hence, each of the addresses’ owners invested on average 340K USD. How can that be even if some of them invested let’s say 1M USD or more?
(Link: https://bitcointalk.org/index.php?topic=1262688.1660)
Also, I found this interesting comment in reddit:
IOTA was listing on CMC at #7 with over billion in market cap despite an ICO that raised only $10m. ICO price was $0.002, listing price was $0.67. This return of 250,000% is the highest for any crypto coin.
Apparently IOTA shills will tell you it was "traded on slack channel" and thus no records exist of the trades during this period - well that doesnt explain the 250,000% gain does it? It could be atleast explained if there was a product, but IOTA did not even have a product from ICO till listing. (Dec 2017 till listing on finex). Who will trade shitcoins at a 250,000% premium when the coin does not even have a product?
Ever since IOTA listed on finex, it has been going down (apart from a fake microsoft partnership pump) and today is much lower than its listing price. And it will continue to go down, as its value has been marked up fraudulently by its promoters by listing it at a huge market cap despite collecting only a tiny fraction in the ICO.
Anyone has the answer for this one? Is it a scam?
well
i also have a same opinion like other
we cant say IOTA scam because it
if u know
ETH also called big scam coin too
also TRX just a big game of whales
how about DOGE
did u know at the beginning DOGE just like a joke coin ?
but now,its different
To argue that it is a Scam or not I do not undertake. But it seems to think that this is a good coin, but anything can happen that what seems at first a good is in fact bad.
Very interesting time we are currently living. Crypto community is getting smarter and smarter, while the market is dropping and questioning even all the big projects.
I really liked IOTA before, but currently, I doubt in its transparency. As a solution, I prefer HDAC, kind of similar idea to IOTA. Not that much-hyped yet, but they are behind Hyundai.
I really liked IOTA before, but currently, I doubt in its transparency. As a solution, I prefer HDAC, kind of similar idea to IOTA. Not that much-hyped yet, but they are behind Hyundai.
I think in the coming year many coins will disappear that do not have a good team and were made for fraud.
Nevertheless, I believe that serious people stand behind IOTA (MIOTA)
Nevertheless, I believe that serious people stand behind IOTA (MIOTA)
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I'm not a fan of IOTA but I'm sure there's alot false information going on this days in the crypto market which crypto capital market was also accused of last year. However, we still cant decide IOTA a scam until the right information and evidence are find about the project.
So, I don't see reasons why IOTA would be a scam. It is not the worst or weak coin in market. Big and perspective projects would not be scums, I think.
I suppose there are other examples, more credible ones, to "shitcoin" about. IOTA is a legit project supported by a number of reputable partnerships. So calling it a scam looks a bit like a far-fetched conspiracy theory to me, no offense
No, the crowdsale netted 500k and when it first traded on exchanges, those same coins sold for >1 billion--not sure why that's hard to follow. Anyone mentioning the Microsoft partnership is probably a troll given it's well documented that a Microsoft employee gave the IOTA Foundation the media that said "partnership" and it was his fault any discrepancy took place. Also, it's pretty amazing that trolls continue to parade that argument when partnerships with Bosch, VW, the UN, the city of Taipei and many more are well documented. As always DYOR.
List of sources for partnerships, affiliates and interested parties: http://iotaarchive.com/
Crowdsale factsheet: https://factsaboutiota.wordpress.com/crowdsale/
List of sources for partnerships, affiliates and interested parties: http://iotaarchive.com/
Crowdsale factsheet: https://factsaboutiota.wordpress.com/crowdsale/
It is a serious claim what you are doing right now.. I dont think IOTA is a scam, it seems a solid project to me. As fas as i remember thay had some security issues, and there wasnt any reliable wallet for their tokens.. regarding price, with this huge supply it is very difficult to have a high price/token.. if you bought when it was at ATH (nealry 6$) you probably must be very dissapointed...
I read a post in this site, but the IOTA OP doesn't bother to answer. The post is:
During the crowdsale in Nov/Dec 2015, about 0.5M USD were raised (or 3M, doesn’t make a big difference)
* Until listing on Bitfinex in June 2017, IOTA was traded OTC
* The initial market cap on June 13 was roughly 1.7B USD (https://coinmarketcap.com/currencies/iota/historical-data/?start=20130428&end=20171117)
* The week before, there were roughly 5000 addresses with a positive balance (https://medium.com/@IngoFiedler_96862/iota-an-update-on-token-distribution-and-exchange-launch-ee3e56bd0d32)
Hence, each of the addresses’ owners invested on average 340K USD. How can that be even if some of them invested let’s say 1M USD or more?
(Link: https://bitcointalk.org/index.php?topic=1262688.1660)
Also, I found this interesting comment in reddit:
IOTA was listing on CMC at #7 with over billion in market cap despite an ICO that raised only $10m. ICO price was $0.002, listing price was $0.67. This return of 250,000% is the highest for any crypto coin.
Apparently IOTA shills will tell you it was "traded on slack channel" and thus no records exist of the trades during this period - well that doesnt explain the 250,000% gain does it? It could be atleast explained if there was a product, but IOTA did not even have a product from ICO till listing. (Dec 2017 till listing on finex). Who will trade shitcoins at a 250,000% premium when the coin does not even have a product?
Ever since IOTA listed on finex, it has been going down (apart from a fake microsoft partnership pump) and today is much lower than its listing price. And it will continue to go down, as its value has been marked up fraudulently by its promoters by listing it at a huge market cap despite collecting only a tiny fraction in the ICO.
Anyone has the answer for this one? Is it a scam?
During the crowdsale in Nov/Dec 2015, about 0.5M USD were raised (or 3M, doesn’t make a big difference)
* Until listing on Bitfinex in June 2017, IOTA was traded OTC
* The initial market cap on June 13 was roughly 1.7B USD (https://coinmarketcap.com/currencies/iota/historical-data/?start=20130428&end=20171117)
* The week before, there were roughly 5000 addresses with a positive balance (https://medium.com/@IngoFiedler_96862/iota-an-update-on-token-distribution-and-exchange-launch-ee3e56bd0d32)
Hence, each of the addresses’ owners invested on average 340K USD. How can that be even if some of them invested let’s say 1M USD or more?
(Link: https://bitcointalk.org/index.php?topic=1262688.1660)
Also, I found this interesting comment in reddit:
IOTA was listing on CMC at #7 with over billion in market cap despite an ICO that raised only $10m. ICO price was $0.002, listing price was $0.67. This return of 250,000% is the highest for any crypto coin.
Apparently IOTA shills will tell you it was "traded on slack channel" and thus no records exist of the trades during this period - well that doesnt explain the 250,000% gain does it? It could be atleast explained if there was a product, but IOTA did not even have a product from ICO till listing. (Dec 2017 till listing on finex). Who will trade shitcoins at a 250,000% premium when the coin does not even have a product?
Ever since IOTA listed on finex, it has been going down (apart from a fake microsoft partnership pump) and today is much lower than its listing price. And it will continue to go down, as its value has been marked up fraudulently by its promoters by listing it at a huge market cap despite collecting only a tiny fraction in the ICO.
Anyone has the answer for this one? Is it a scam?
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