Quote from: joshki on September 12, 2017, 11:48:19 AM

Quote from: JonaHH on September 12, 2017, 11:46:10 AM

First of all, there is a professional and continously growing team behind IOTA which is based around a company located in Berlin, Germany.

Some facts regarding IOTA, despide all the current FUD:

IOTA is supported by INNOGY, a subsidiary of the multi-billion euro electricity provider RWE.
INNOGY on Wikipedia: https://en.wikipedia.org/wiki/Innogy
Ammong INNOGY, other global industrial companies such as a Siemens and Daimler are working on IOTA-based solutions.

Therefore, IOTA has a solid base in the "real world", unlike many other crypto currencies.

To be specific, IOTA has a real purpose, and is not just a speculative bubble like many other crypto currencies: IOTA serves as a means of payment in the machine-to-machine area (Internet of Things).

Forbes estimates that the IoT will already generate $470 billion in revenue per year. THAT is a real market, and a real "use-case".
Source: www.forbes.com/sites/louiscolumbus/2016/11/27/roundup-of-internet-of-things-forecasts-and-market-estimates-2016/#733f82ed292d

In the past days, a lot of false information (FUD) has been posted regarding IOTA. Obviously, someone wanted to let IOTA get down, so one could buy in cheap. This has worked perfectly well, as one can see on the current chart: A recent rise by about 25%!
Still, this is not nearly as high as the price was only a couple of weeks ago, when it was another 30-40% higher than it is today.

As the hard facts and the positive perspective regarding IOTA have not changed, despite the FUD & false news, the most possible outcome is this:
IOTA rises to its former price again, which from this day on means a gain of 30-40%.
Even if it would only get back to that price, it currently means a great chance either get in for a long-term invest, or a short-term trade.

Just my 2 cents. Wink

Further information regarding IOTA:
http://www.tangleblog.com/2017/01/25/the-tech-behind-iota-explained/

Ya'll say this, but I still don't see a conceptual future where my refrigerator needs a tangle token to buy groceries.

In the alternative future where I have a smart "IOT" refrigerator that buys its own groceries, why can't it just use bitcoin, or litecoin, or anything else that's proven and doesn't use broken crypto?

Don't be asking me, ask the multi-billion dollar companies such as Innogy/Siemens/Allianz which either hold shares in the IOTA foundation, or have founded own IOTA dev-teams working with the IOTA devs to integrate the "tangle"-mechanism into their own engineering.

Maybe these profit-oriented companies have more imagination than the two of us. Grin

JonaHH

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