bitcoin / iota total supply:
2,100,000,000,000,000 satoshis
2,700 000 000 000 000 iotas
right now
1 000 000 - iotas is 0.40 $
1 000 000 - satoshis is 26$
is that correct ?
bitcoin price is 65 times higher than iota, (26/0.40)
Iota price is like having 1 bitcoin at 40$ when it was launched, (2600/65)
pretty expensive iota right now, isn't it?
price should be at least 40 times lower
around 0.01$ / mIOTA
Definitely interesting. So you have by math a reply to what it'd be a right price... well I see people that bought during ICO time and now they're selling all. By their opinion iota is overvalued. If not why there is a sell offer in a bid list on bitfinex?
On my own I don't understand a good value for iota. My doubt is: if iota is for small transaction well iota has to be at a low price. It's the power of logic but not for an exchange mind oriented.