Topic: Why is IOTA's price still down? - page 2. (Read 1151 times)
IOTA was one of the first to come up with the concept but it has got a fierce competition from newer coins while the old established coins aren't moving at all. So, it's in real value now.
IOTAs price is hard to gauge because people get to know cryptocurrencies and learn about the technology and its potential by looking at blockchains... and then comes IOTA with a totally different approach and its tangle system, most people would prefer blockchain to succeed.
IOTA was overpriced to me when I looken into it after theymos's post. I think correction is understandable. Also there are some ridiculous rumors about iota developers on forums I won't mention as I don't know if its true. That might create trust loss.
IOTA is one of my top 3 coins. It is still in its infancy, so I don't think your question is a valid one. It came into the market around July at 5c, its now bouncing around 9c, that is almost double the price. Secondly iota has a huge supply so the price is going to hang around these prices for a little while. This coin is going to start rising from next year. This coin is a long term coin. So if you are looking for short term gains, I don't think its the right coin currently for that.
At first I didn't care about this coin, I thought it's not different much from the top coins and is probably a clone of one of them. However, after Theymos mentioned IOTA as one of really innovative coins, I took a look at it and decided to buy rightaway, because it was something I've never seen before and never even thought of being possible. Blockchainless technology is certainly something mind-blowing in this world. As there are no fees and transactions are necessarily instant, I figured out that it's the only coin that actually solved the problems btc has. My question is as written in the topic subject: why people are not investing in something so different and amazing? Why is the price still going down? Please don't answer that a lot of people already gained crazy profits while investing in it before it was released, because I still don't believe that this coin deserves being worth less than a dollar now.
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