I did not think that the coin would fall below 3.80. I think that the race for bitcoin made such a failure. I think that it is necessary to sell now and buy cheaper later.
I couldn't sell IOTA if I wanted to - it would probably get stuck in the middle of me trying to transfer it back to the exchange.. either way I'm holding on to it as long as the IOTA foundation doesn't decide to abandon it and run - it is the absolute best coin "on paper" as of today.
The only problem with a crypto like IOTA is that many major exchanges including Bittrex, Kraken, and Cex.io do not list it. It is available on Taiwanese based Bitfinex, but not to US citizens, so the only option is Hong Kong-based Binance for many. Limited to just one exchange has limited its uptake, and this applies to any altcoin that is not listed on all exchanges. To get in on the action for a wide scope of altcoins traders must open accounts on all exchanges which can be arduous and will rack up fees and commissions. This alone has probably caused a lot of traders FOMO to be realized with the latest surge in IOTA.
CoinSpot.com.au trades them too.. that's where I bought mine before they paused withdrawals.. you can still buy it from either Binance or CoinSpot, you'd just have to keep them there until they release the temporary hold or convert them into something else before transferring anywhere..
ha ha.. not gonna happen anytime soon - IOTA market cap has to reach close to $3 TRILLION for it to be $1,000/MIOTA (not even Ki or Iota).. currently all of the currencies combines don't even reach $400 Billion..
BTC is showing a well defined parabolic climb which is about to collapse, imo.. and when it does it will drag IOTA and everyone else down with it..
Not before we had some more fun. Don't count out the ability of people to run up the price of Bitcoin a whole lot more (example: IOTA in the recent days.... ).
mind my words, I'm a prophet!! lol
Post
Topic
Re: IOTA
by
crypto_blast
on 06/12/2017, 22:07:34 UTC
BTC is showing a well defined parabolic climb which is about to collapse, imo.. and when it does it will drag IOTA and everyone else down with it..
"The incredible speed and volatility of cryptocurrency was on full display over the past few days with IOTA. At the start of November, IOTA was a relatively obscure coin that was trading at around $0.38. Today, its value is closing in on $5.
While theres nothing unusual about minor cryptocurrencies experiencing huge spikes in their valuation, IOTA is exploding in a way that could only really be compared to Ethereum. IOTA has just leapfrogged veterans Litecoin and Dash to become the fifth largest cryptocurrency by market cap. And theres no indication that its stopping there."
according to CMP it's t he 4th largest coin right now, not 5th.. imo it's the best coin around "on paper" - if only they could figure out how to resolve the lack of full nodes causing network congestion