Why stop at the all time low when there is absolutely nothing holding up the price except for some left over bagholder groups and occasionally some drunk YOLO from someone with actual money.
Now it would be great for those bagholdes if the founders would actually need new money and would therefore pump this buttcoin once more but I think they're level headed people that know when to stop and that moment was at the end of 2017.
Sad to see this coin die tho. They had a lot of great ideas. F's in the chat.
(This is not investing advice or financial advise or something like this. Just a dude drawing random lines over a mostly random walk. The H+S on an altcoin chart should give you the hint to not take this serious.)
This coin is as far away from dying as a coin could be. DELL: "We're working with IOTA, Linux, IBM and Unisys to establish “measurable trust and confidence” in data from multiple sources."
ddmoln
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@Ralferator, Good point, a lot of well known companies are in one or the other way associated with them. But are those companies in need of a token with high nominal value or just the technology?
Ralferator
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@ddmoln, for micro transactions there is no better token better suited than iota, because of no transaction fees. A lot of IOT applications will use micro transactions
ddmoln
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@Ralferator, That may be true but at the moment one could argue that most of the coins value comes directly from speculators in the Market.
And those people need a way to cash out their profits.
Most if not all exchanges which are "somewhat reliable" in turning your profits into actual numbers on your real world Bank Account do not exchange ITOA for USD or do so very unwillingly.
Say, if you want to transform your ITOA "gambling profits" that you've made on Bitfinex into a transaction to your bank account from Coinbase you will need to change to a coin that is traded on Coinbase, has a relatively low transaction fee but also quiet fast transaction speeds.
This is just what I see. Maybe its not even true and those people are lying to me just so that they can have the tendies and I have to get by on mcnuggies.
However, do not make the mistake that smart people will buy into something because someone says it's basically free or cheaper. Most times that's just not the whole picture.
Ralferator
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@ddmoln, of course it comes from speculators. you can always change iota back to bitcoin and sell it for whatever currency you want