Reason for IOTA leveling out | Bitcointalksearch.org

Raspen

newbie

Activity: 4

Merit: 0

Quote from: GRR on June 19, 2017, 06:06:05 AM

Actually it is simple. It was overhyped beyond belief which makes every smart investor sceptical in the first place. Nice brand, nice design, but technologically not so advanced until today. Undeserved high market cap of 1.7b at start. Now the hype continues to wear off until it reaches bottom. Could be still some weeks until you see an upwards trend and I would not suggest to buy anything before that. The initial investors who accumulated in the last months already sold or are still selling everything they have because they speculated on a nice ROI when IOTA finally hit an exchange. I would strongly advise against buying in larger quantities at this moment. Just be patient and see how it develops or just take your chances with a great risk.

No, you're an idiot

Could you elaborate? What is your explanation?

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: Raspen on June 19, 2017, 03:55:07 AM

I'm pretty new to cryptocurrencies and I have a question regarding IOTAs development on the market.
What factors lead to a price leveling out like this? Is it the small volume that is traded? I'd like to understand the mechanics behind this.

That is how ICOs work. People invest tiny amount of money, get tookens and then dont sell them to newcomers that want a piece of crypto. Price then goes up. ICO is ofcourse not a crypto. PoW coins are. PoW coins are daily mined and there are always enough for newcomers to buy, since miners need to pay their electricity they use to mine.

pascal257

sr. member

Activity: 493

Merit: 262

As I read here (https://bitcointalksearch.org/topic/m.16046062) ICO price of 1 mIOTA was 40 satoshi?

With current market rate thats 400x right?

Can't imagine it going much higher once a bigger investor decides to dump his coins one by one.

TrumpD

sr. member

Activity: 602

Merit: 265

Quote from: GRR on June 19, 2017, 06:06:05 AM

Actually it is simple. It was overhyped beyond belief which makes every smart investor sceptical in the first place. Nice brand, nice design, but technologically not so advanced until today. Undeserved high market cap of 1.7b at start. Now the hype continues to wear off until it reaches bottom. Could be still some weeks until you see an upwards trend and I would not suggest to buy anything before that. The initial investors who accumulated in the last months already sold or are still selling everything they have because they speculated on a nice ROI when IOTA finally hit an exchange. I would strongly advise against buying in larger quantities at this moment. Just be patient and see how it develops or just take your chances with a great risk.

I agree with you, And most importantly they are yet to fully disclose how their network is secured, POW alone cannot secure it as very little hashing is being done.Their POW is scaling only with the transaction rate, in other blockchains it scales with the block reward but here it does not apply.

bct_ail

legendary

Activity: 2660

Merit: 2229

https://t1p.de/6ghrf

Quote from: Argon2 on June 19, 2017, 03:57:02 AM

Quote from: Raspen on June 19, 2017, 03:55:07 AM

I'm pretty new to cryptocurrencies and I have a question regarding IOTAs development on the market.
What factors lead to a price leveling out like this? Is it the small volume that is traded? I'd like to understand the mechanics behind this.

Avoid IOTA like plague. No more advice. Wink

Dentists like plaque. It is part of their income. Why don’t you like IOTA?
On Bitcointalk are so many topics about IOTO. Search for it

GRR

sr. member

Activity: 249

Merit: 250

Actually it is simple. It was overhyped beyond belief which makes every smart investor sceptical in the first place. Nice brand, nice design, but technologically not so advanced until today. Undeserved high market cap of 1.7b at start. Now the hype continues to wear off until it reaches bottom. Could be still some weeks until you see an upwards trend and I would not suggest to buy anything before that. The initial investors who accumulated in the last months already sold or are still selling everything they have because they speculated on a nice ROI when IOTA finally hit an exchange. I would strongly advise against buying in larger quantities at this moment. Just be patient and see how it develops or just take your chances with a great risk.

Argon2

full member

Activity: 140

Merit: 101

Quote from: Raspen on June 19, 2017, 03:55:07 AM

I'm pretty new to cryptocurrencies and I have a question regarding IOTAs development on the market.
What factors lead to a price leveling out like this? Is it the small volume that is traded? I'd like to understand the mechanics behind this.

Avoid IOTA like plague. No more advice. Wink

Raspen

newbie

Activity: 4

Merit: 0

I'm pretty new to cryptocurrencies and I have a question regarding IOTAs development on the market.
What factors lead to a price leveling out like this? Is it the small volume that is traded? I'd like to understand the mechanics behind this.

Topic: Reason for IOTA leveling out (Read 607 times)