Post
Topic
Board Announcements (Altcoins)
Re: IOTA
by
jratcliff63367
on 17/07/2017, 18:47:56 UTC
>. 2x to 5x growth over a coupe of year period ? You are not a very big fan of IOTA then, I think will be x10 in 2 month, lets be realistic and not pessimistic! This is a great project that will take everybody by storms. Lets talk sense and give the benefit of the great technology this is!! Number 1 in CMC  soon!

I think I am being realistic.  IOTA has **DROPPED** in value by 3x in the past three months!  That's hardly a bullish trend!

It's listed on only one exchange.

The wallets that exist are amateurish and buggy.

You cannot use it as a payment network pretty much anywhere.

Virtually no one has heard about it nor is using it.

The tech is unproven.   Most of the miraculous claims about the tech are completely unproven and untested in the real world.  It's a tinker-toy now that is supposedly going to become the Eiffel tower.  That's very speculative.

I doubt it has been seriously attacked yet for vulnerabilities.  It's not clear how it would respond to an attack or something like corrupted data in the 'tangle'.

Right now IOTA is priced the same as bitcoin was in March 2013.  It does not at all feel as mature as bitcoin was at the same time.

How you can translate a 'dropped in value 3x in the past three months' into a bullish 10x sentiment in the next 2 is hardly what I would call 'realistic'.