IOTA short you too - #thebigshort

IOTA is open source software code

The prices of these coins are a bubble
The technology is real
short bitcoin/altcoins long blockchain is the trade.

Target 50c
stoploss $6.00


And another question: What do you think is the best way to invest into blockchain technology?
+1 Reply
ziptrade El_Hefe84
@El_Hefe84, learn how to code solidarity and start your own blockchain startup.

Read 100 white papers on the topic that interests you the most/you have the most experience and go do an ICO after plannng for the business for 6-12 and consulting the best people in that industry on how to do it.
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ziptrade ziptrade
@ziptrade, 6-12months that should read*** edit
+1 Reply
Hey ziptrade,
thanks for your interessting assessment.
Why do you think the IOTA-price is a bubble?
There are many use cases for IOTA in the future and so I am convinced, that when the water in the cryptomarket goes down, only the coins with appropriate applications in the real world will remain. What do you think about this?
+1 Reply
ziptrade El_Hefe84
@El_Hefe84, i think every crypto token is a bubble.
You can download the source code of any of these tokens FREE online.

An ICO is only viable when the money raised can be used to go PROFIT and run a business.
When you release the source code online, unless you have a community willing to do stuff for free eventually you're going to need real money.

When you raise money you issue more shares (or coins) and dilute the existing holders.
For example if you raise $100 and issue 100 coins at $1 the market cap is $100.

If you then go spend the $100 and have to raise another $100 at $1 you now have 200 coins, $100 cash and your VALUE should still be the same.

The price someone is willing to pay for that coin is something completely different.
ziptrade ziptrade
@ziptrade, theoretically when you double the capital base of something (double the share count) you halve the PRICE but VALUE stays the same..
In a rational market anyway
@ziptrade, Yes, the crypocurrenice market has a trackrecord of rationality. Sorry but I don't see any argument here why IOTA should go to your target. In fact, it's in the middle of breaking out towards 5.50
+1 Reply
ziptrade themaniac3010
@themaniac3010, crypto market has a track record of less than 10 years

Bell's Law

Bell's law of computer classes formulated by Gordon Bell in 1972 describes how types of computing systems (referred to as computer classes) form, evolve and may eventually die out. New classes of computers create new applications resulting in new markets and new industries (wiki)

mainframes (1960s)

minicomputers (1970s) These are essentially replaced by clusters of PCs for a twenty-year (1965–1985) lifespan.
personal computers and workstations evolving into a network enabled by Local Area Networking or Ethernet (1980s)

web browser client-server structures enabled by the Internet (1990s)

cloud computing, e.g. Amazon Web Services,{2006} or Microsoft Azure (2012)

hand held devices from media players and cell phones to tablets, e.g.Creative, iPods, BlackBerrys, iPhones, Smartphones, Kindles, iPads (c. 2000–2010)

Wireless Sensor Networks that enable sensor and actuator interconnection, enabling the evolving Internet of Things. (c. >2005)

Bitcoin / Blockchain (2009)

Ethereum / Smart Contracts(30 July 2015)

Definition: Roughly every decade a new, lower priced computer class forms based on a new programming platform, network, and interface resulting in new usage and the establishment of a new industry.
pablo_hp ziptrade
@ziptrade, Bitcoin/Blockchain (2009) - 2018 Iota
+2 Reply
pablo_hp pablo_hp
@ziptrade, But Thanks for the lesson. Much apreciate for what you say.
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