An idea. I think IOTA will touch new heights this week. All based on fib levels.
IOTA is by far the best coin in the market right now. There is none other like it. No mining and a top-down approach rather than the bottom-up approach (associated with mining). Supply limited and demand will automatically increase. Hardware will be embedded in phones, smart devices, and anything that can connect to the internet. DIKW model. Read all about it on iota.org/
Simply put, when mining becomes a burden on the environment, which it already is and is likely to get worse, IOTA will be the one to look out for.
Strong buy right now in my opinion.
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I do not mean to offend anyone, but if LTC can go to >$400, then it will be a shame not to see IOTA at at least $10. IOTA has far more potential than any other coin. Period.
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Trolls spreading rumors that there is no IOTA partnership or meeting with Microsoft. Please read their twitter feed:
Microsoft is meeting up with IOTA Devs on 14/12/2017 in Paris. Limited places for 100 delegates only. This was announced many days ago. Some trolls are trying to bring the price down so that they can get the coins cheaper.
IOTA has a future. And it is bright!
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I was hoping to see IOTA touch at least the $6 mark, but the controversy surrounding thew issue of its partnership with Microsoft played a huge role.
BTC is rising and the way it is impacting on the alts prices is something which has happened before. All of the alts are falling when BTC goes up, and when it is coming a bit down, alts are not recovering as much.
BTC rise is always followed by a correction. Any trader who has been around for more than 6 months knows that. If that correction occurs very fast, then exchanges sell their own alt coins holdings to maintain a cash flow. This can sometimes lead to a chain reaction of stop loss sell orders being filled. Be careful with this.
The base price of IOTA will be determined by how low BTC price will go. I have a figure in mind, but I am not comfortable sharing it here.
Regardless of how low IOTA goes, it has a future and it will come back 10x stronger and faster this time.
@MarcKevinSwickle, Thank you for your comment/providing the link. I am aware of this.
IOTA is not going to bail on us. I am quite sure of that. Cisco's name is just one. Only Fujitsu and Microsoft are enough for this to go ahead. The way IOTA works and hopefully will continue to develop is different. There is too much work going on with IOTA than any other coin I know. ETH (and all ICOs based on it) have yet to deliver. But like qdoc says, GPU mining has a future. IOTA is not mineable and does not consume the energy which BTC and even ethers require to maintain the same level of network (Tangle does not require multiple verifications for transaction for example). Of course there are issues with IOTAs network at the moment, but it will probably be solved sooner than later. Let's see how it all pans out. I am still very positive about IOTA.
All the best :)
Doc-al-Citadel
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@doctorkesh, agreed IOT + Tangle = $$$ I think
Doc-al-Citadel
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@qdoc, but i'm annoyed that i missed the big spurt so i'll wait for an entry. When I back a coin like this it would be a significant amount for the medium term at least so i'm looking at some others instead now...
Doc-al-Citadel
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Thanks Dr. Yes Mining, Especially Mining Farms, Will Become An Issue So Three Options:
1. Don't mine (IOTA)
2. GPU/equihash mining BTG
3. PoS (ethers)
UnknownUnicorn995432
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@qdoc, thanks doc. I agree. But I like IOTA and the concept is extremely different. Let's see how it all unfolds. I am waiting for Monday when things will get really interesting. This GDAX arb is making the three coins (BTC, LTC and ETH) rise. Check out the tweets by Charlie Lee yesterday. Even he thinks the market is heading for a multi-year bear zone. I think IOTA will benefit from all this. BTG and ETH probably as well.
Doc-al-Citadel
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@doctorkesh, many thanks dr. In my humble opinion Charlie Lee is just another actor. And not Satoshi!!! Just like Roger Ver or really anyone we are presented with; crypto is a model of the 'planet' ;-) My current updated thesis is that this is now btc's time; there will be a wild west among the alts; and the ethers will then dominate. I am bullish on btg and etc for next year still doc. I am extremely interested in QTUM (yes ok the name got me) but it is an ether/bitcoin hybrid with PoS. Got to be worth a look. Usual disclaimer- do your own due diligence guys. Re iota i was umming and aahing about it for the last month or two so am staying away apart from some quick trades following you ta gurus (at my own risk) ;-)