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Thread: Get IOTA on Your Investment Radar

  1. #1 Get IOTA on Your Investment Radar 
    RX Junior DosEquis153's Avatar
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    First and foremost, do your own due diligence before taking a plunge. There is some great information out there now after the big run up and people have taken an interest.

    I sunk my wife and I both in as much as I could (as much non-committed savings) when the press release partnership for the Data Marketplace aired end of November; the price was 0.80 per MIOTA at the time.

    https://blog.iota.org/iota-data-marketplace-cb6be463ac7f
    - EZ Link

    The TL;DR version is that Iota uses what they call a Tangle network instead of a blockchain. The cost of sending a transaction is confirming two pending transaction. This makes it free to send. It also means the more users, the faster it gets. It also is done on Micro level - when you buy Iota on exchange its actually 1,000,000 at a time.

    The press release was the announcement (and endorsement) of a two month beta test for a Data Marketplace where any machines, computer or robot with sensory intake could simultaneously and instantly exchange, sell and trade data using IOTA as the vehicle to other machines/people as it happens. Making the data relevant, useful and desirable. This is what will power the future Internet of Things (IoT)

    The likes of Microsoft, Cisco, Volkswagon, Samsung, Fujistu are some of note who are participating.

    IT IS STILL IN TESTING AND BETA. So its a gamble don't get it twisted, but their initial testings have gone better than expected and if it turns out to work it is a real game changer for the entire Blockchain Technology. Current problems facing blockchain like power usage, transaction cost and transaction speed become distant memories.

    MIOTA has had a serious hype buy after the release, but it seems to have leveled out between the $4 - 5$ price point. I'm not saying sink your savings, but maybe a few 100 could pan out very well if you bought a few million at this time.

    It's not even at the major U.S. coin exchanges yet so there is really an untapped and hungry market base who haven't had a chance to buy.

    If you're outside of the U.S. it can be found for Eth or BTC on Bitfinex Echange - if you're U.S. you're stuck with Binance with Eth, BTC or BNB to trade for it.

    Good luck - here for any questions or discussion.
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  2. #2  
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    I am new to the crypto world. Bought a small amount of LTC and XRP. Heard about IOTA but can't find it on bittrex.
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  3. #3  
    RX Junior DosEquis153's Avatar
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    Quote Originally Posted by maxvalue View Post
    I am new to the crypto world. Bought a small amount of LTC and XRP. Heard about IOTA but can't find it on bittrex.
    TL;DR below in color. The rest is just extra info.

    If you're non-U.S. it can be found on Bitfinex, unfortunately they've shut down all U.S. operations this November. So Americans are stuck with Binance. IMO this hurdle of entry is a great opportunity for early investor status profit. When it gets added to the larger and more popular exchanges; I don't see why there wouldn't be another price hike after millions of more potential buyers are easily able to access.

    A large reason WHY exchanges, besides the two mentioned, don't have it available already is due to the nature of the storage wallet. Using a wallet address to send IOTA pushes it into the Tangle Network for the proof of work (Fee of one transaction is confirming two currently pending) thus making that address no longer available to receive IOTA because your address is now floating and waiting for another person to come around and confirm yours + another.

    Binance and Bitfinex are managing this process for users and it is extra effort and more importantly has risk. As demand and marketcap increase, more exchanges will adapt and provide.

    Simplified image of the IOTA wallet process:



    This also poses some problems for running your own desktop wallet. It is not human friendly, but IOTA's main goal and focus has always been to serve the underlining exchange system of the Machine 2 Machine economy. Most sensory devices or smart technology can just have its program code easily written to abandon an address and move onto the next one.

    The new UCL Wallet coming out this December will be a little more sleek in GUI and user friendly - available for desktop of mobile - this also a bonus for potential gainz


    ---


    Nice buy on both LTC and Ripple. Don't let the next month horizontal action unsteady your hand. Those are both prime examples of cyclical history repeating itself where a lot of major institutional investors want to get into both those crypto after significant technology or partnership announcements, but not during the unsustainable hyper growth runs after the news. They wait for peak and then split up their buy orders during the "bleed out"

    I'd bet if you monitor next month and scan the past market orders you'll see the same incremental volume transaction at key price points during gradual trend down. Both of those coins are fundamentally sound and proven to exceed expectations in their use case. LTC being 5-10% of Bitcoin (Gold vs Silver) is not a far fetched speculation (but I'm just speculating here )

    *Should note that I'm invested all the mentioned cryptos and so take everything with a grain of salt. Do your own personal lookin'/ganderin'/conclusionin' - it's in my best interest to reinforce positive outlook and attitude of my own positions, but I'm also just super interested in these and can see the potential, if not price wise, but just future integration in our economy/society.

    I don't think the Stock Market is a level playing field for the layman anymore. It used to be a ladder to help the working class get a ring up economically, but it's been far removed from that now. Cryptocurrency is new enough and decentralized enough where if you do the time and put a focused mind to it; you can get an edge. How long that stays sharp is up to the future, but I advise everyone to at least throw a couple hundred bucks at it. You won't miss that money, but you'll always regret if you didn't.

    Have fun! But always invest smart with risk management in mind.
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  4. #4  
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    Thanks for the info. I am learning everyday. I am close to retirement and moved all of my savings to fixed funds in 2013, so I have missed this still unbelievable run in the market the last 5 years. I have been on the sidelines waiting for a crash so I could ride the wave back up again. I have know decided to invest just 2% of my savings in crypto. But remains hard to stay disciplined when my first .5% investment has tripled in a week.
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  5. #5  
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    https://venturebeat.com/2017/12/19/r...future-of-iot/

    And today, the IOTA Foundation announced that Robert Bosch Venture Capital GmbH (RBVC) — the corporate venture capital company of the Bosch Group — has purchased a significant number of IOTA tokens. Dr. Hongquan Jiang, partner at RBVC, will also join the IOTA Foundation’s advisory board.
    “RBVC will, as it always does for its portfolio companies, try to help the IOTA Foundation in the industrialization of this technology via our network,” Dr Jiang said. “We will connect the development team of IOTA to industrial experts and decision makers. We will also give them advice in the domains where we have experience. Bosch is a pioneer in the industrialization of DLT. The deal is another proof of Bosch’s commitment to this field.”
    Bosch about to add some serious clout to the IOTA distribution and valuation. It's only going to get easier from here on out boys. Big players moving into the advisory board, which means huge gains for early investors.

    It's still under $5 per mIOTA but wont be for long
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  6. #6  
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    http://www.bosch-presse.de/pressport...gy-137411.html

    Official Bosch Press release located here. You have a very large multinational company putting their eggs into the distributed ledger technology and they chose IOTA. Good things happening and definitely more to come!
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  7. #7  
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    Quote Originally Posted by DosEquis153 View Post
    TL;DR below in color. The rest is just extra info.

    If you're non-U.S. it can be found on Bitfinex, unfortunately they've shut down all U.S. operations this November. So Americans are stuck with Binance.
    Consider that I have zero knowledge on this, because I don't! Is Binance a trading platform? This post caught my eye, reason I ask.. I'd like to learn more about Iota. Thanks
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  8. #8  
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    Yes it is and one of the few places that trade IOTA pairings.

    By pairings I mean most trading platforms for cryptocurrencies will be tethered to a major one like Bitcoin or Ethereum. Very few you can buy directly with dollars. The general flow is to set up a Coinbase account, where you can deposit USD from your bank account, and buy BTC or ETH (I use ETH).

    Then you make an account on the trading platform and you'll be given a bunch of wallet addresses for different coins.

    Find your ETH Deposit Address
    Copy
    Go back to your Coinbase Account and click the send/withdrawal button on your ETH wallet.
    Put in the address you copied from your Trading account. Send
    In about 15 minutes you'll then have a balance for ETH on Binance.
    Then you can go find any pairing you'd like and exchange it. IOTA/ETH
    After exchange, the new currency will show up in your list of wallet balances on the trading platform. There is a check box to Hide 0 Balances and it will only show the ones you have. There are hundreds of coins and each one will have a wallet for you on the trading account

    If you plan to hold long term its highly recommended to download a personal wallet to your PC or mobile and send whatever investment to there. You run risk by holding large amounts on an exchange.

    IOTA is releasing their new GUI friendly wallet before the end of the year - I'm hoping there will be a boost in price after this happens.
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