Post
Topic
Board Announcements (Altcoins)
Re: IOTA
by
Spratan
on 24/03/2017, 18:53:14 UTC
Where to buy IOTA? When this coin is going to an exchange?

you can buy it on: https://ydx.slack.com
now price is 1T IOTA = 19BTC

19BTC if he wants to sell -

if he wants to buy it is 21BTC - latest ASK.

Wink

I guess after roadmap posting price will be much higher

I saw the trade record on ydx.  Selling is more than buying.
yesterday, a lot of iota have been sold at 18 mBTC.

The current price can't rise as long as there is such a seller concentration in one channel, and so few buyers doing less than 2 trades in average.
Few buyers are likely to go and send large amount of BTC on a escrowed channel on a messaging tool to buy, especillay with 1% fees, even if Yassin is doing a great job to help. The selling pressure is naturally huge on ydx, and buying pressure weak, what is deceiving people about the real iota value.

There are only 320 people on the iota trading channel (the biggest trading one on the ydx exchange and the only way to sell) and only 500 trades occured.
The channel is known almost only by IoTa users, via Iota thread or slack, and not by the average trader. The names are well known in the community. Even Admin used it to sell.
Last november there were only 472 Iota positive adresses, meaning less Iota holders (One holder may have several accounts so 472 adresses mean less Iota holders). A big part of people in the channel are sellers and a big part of Iota holders may be already there.

I think there is only 50-100 buyers there for 250-200 sellers at the moment. And few BTC.

So when entering exchanges, there will be easily 100X buyers, but really not many more sellers.  Moreover, there will be SIMULTANEOUSLY more buyers. And conversely, Iota was a succesful but little ICO compared to the Augur, Lisk, Maidsafe, Ethereum, Waves, Singular and others tokens which had many more participants. And many, like me, won't sell any, before 1B$ Marketcap, where the real value of Iota is.