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
You missed the fact that IOTA is launched for almost
2years.
You know about something now don't means that it exist since yet.
There was a time when IOTA was really cheap...
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.
How can you see someone has bought during ico and selling all now?
And having ask and bid orders is called a "market" - ever heard about it?
I agree with you that you don't understand IOTA.
Here is link that may help you out:
http://www.iotasupport.com/One IOTA for a valued transaction cost around 0.0000004 usd - this is not a low price in your mind?
Seems the power of logic is not with you ...