Price too high. Also lot of ICO investors ready to dump when launched at exchanges. current OTC price is 30 times ICO price. Not a bargain at all.
It's 30 times ICO price because the ICO was held at a time when altcoins were at the end of bear market. Not many investors believed in IOTA ICO. Then Ethereum pump came and brought altcoins back to live. IOTA price was pretty much stable since then.
There was also more then a year of trading
OTC trade volume is tiny. hardly 10% of the ICO investors have sold. Once on smaller exchanges the price will surely dip from current price. and then it will pump when it gets listed on polo.
Better safe to wait than buying the top.
it will instantly get listed on all exchanges including polo
Also there are 3 buying and selling threads ob btctalk and the bot was initially not around and rebooted a couple of times so it does not reflect real otc volume over the last year
ICO was 2 years ago. Don't expect investors to sell cheap after holding that long. And the price was already way higher. We dropped already 70% from alltime high or so...
30 x return on ICO in BTC terms and 50 x return in fiat terms at current price. I dont know I think it is wise to wait till it is on proper exchange. I am sure a lot of ICO investors are still holding to sell on exchanges. current marketcap is already 40 million USD. Risk reward ratio does not look good.
It has dropped 70% from all time high. no reason for it not to drop further.