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I haven't an IOTA

machiavellianme · 2017-11-27 21:54:17

Anyone else holding IOTA? It's a slightly different coin in that it uses an evolved blockchain technology called the TANGLE and all coins are available from the outset. As there's no mining, there's no fees and transactions are near instant due to the use of the meshed blockchain. It has been gradually ramping up in the…

27-11-2017 10:54pm

#1

machiavellianme

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Anyone else holding IOTA?
It's a slightly different coin in that it uses an evolved blockchain technology called the TANGLE and all coins are available from the outset. As there's no mining, there's no fees and transactions are near instant due to the use of the meshed blockchain.
It has been gradually ramping up in the past while and saw significant growth today due to it being added to the second largest Korean exchange tomorrow.

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#2 27-11-2017 11:01pm

.G.

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I have some, Have been trading it a bit over the last few weeks but kept some for the future cos the project sounded different and interesting.

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#3 28-11-2017 4:03pm

annie.t

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i had few, sold at 1.11usd this morn and made a tidy 400euro profit in 3 days. Looks like it wasnt best decision after all

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#4 28-11-2017 5:25pm

machiavellianme

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Yep an ATH just now at 1.25.
I also cashed out this morning with an ambitious sell order put in at 1.19.
Still can't believe it has filled, nevermind regretting not holding a bit longer.

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#5 28-11-2017 8:11pm

Sabre0001

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Was reading about this before delving into cryptocurrency when it was at 70ish. But wanted to lesrn the basics before messing around with transfers and buying in bitcoin.

May take a punt but of course gutted I missed this good run

🤪

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#6 28-11-2017 8:33pm

machiavellianme

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Sabre0001 wrote: »

Was reading about this before delving into crypto currency when it was at 70ish. But wanted to lesrn the basics before messing around with transfers and buying in bitcoin.

May take a punt but of course gutted I missed this good run

Don't worry, it'll dip again. Just going through a novelty phase on a new exchange at the moment.
I'll buy back in but not to the amount I was at previously (unless it dips back to 30c a pop).

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#7 28-11-2017 10:11pm

grindle

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There was bigger news than a new exchange today. Surprised anybody would sell this below $2 at this stage, unless they're into trading. Fúck it. I'm holding until $3 at least.

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#8 28-11-2017 10:22pm

machiavellianme

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Really, what happened?

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#9 28-11-2017 10:24pm

grindle

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https://thenextweb.com/hardfork/2017/11/28/iota-microsoft-data-marketplace-cryptocurrency/

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#10 28-11-2017 10:29pm

barrier86

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grindle wrote: »

There was bigger news than a new exchange today. Surprised anybody would sell this below $2 at this stage, unless they're into trading. Fúck it. I'm holding until $3 at least.

Where/ How did you buy?

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#11 28-11-2017 10:42pm

grindle

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Binance.

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#12 28-11-2017 10:47pm

machiavellianme

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Bitfinex too

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#13 28-11-2017 10:51pm

machiavellianme

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Interesting. Was wondering what drove it to the ATH around 2pm.

grindle wrote: »

https://thenextweb.com/hardfork/2017/11/28/iota-microsoft-data-marketplace-cryptocurrency/

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#14 28-11-2017 10:53pm

barrier86

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Thanks folks

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#15 28-11-2017 11:46pm

machiavellianme

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Just gone USD1.36. Didn't see this coming at all.
Sellers regrets (even at 300% profit).

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#16 28-11-2017 11:53pm

KilOit

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400% profit on this now but i didn't buy this coin for trading like NEO and OMG etc, this coin is my longterm hodl that will either go to zero or the moon, the devs are pretty cool on this and just get the job done without making announcements about an announcement, when they complete a task they just put it out there, same can be said for Ark

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#17 29-11-2017 1:01am

Carol25

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I bought some of this a few months back after it rose. August i think. Then i lost loads on it!
I hodled for ages because its interesting but just sold it off a few weeks back after reading an article about how blockchain is way behind in terms of development for Internet of things applications.

I cant believe its gone up so much. What triggered the rise?

EDIT: I'll buy some on the next dip I think.

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#18 01-12-2017 6:34pm

Sabre0001

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Possibly a silly question, but on Binance, IOTA is displayed as being worth x BTC whereas you can get dollar pricing elsewhere (as in on price tracking websites). Is it better to just ignore the $ value and focus on how it grows in relation to Bitcoin?

🤪

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#19 01-12-2017 7:14pm

GreeBo

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Sabre0001 wrote: »

Possibly a silly question, but on Binance, IOTA is displayed as being worth x BTC whereas you can get dollar pricing elsewhere (as in on price tracking websites). Is it better to just ignore the $ value and focus on how it grows in relation to Bitcoin?

It depends on if you are going to cash out into BTC or into USD (or EUR)

Exchanges typically give the pricing in the currencies that they have markets in.
Some only trade against BTC, some will do BTC, ETH, LTC and some will do EUR, USD etc.

Its easy to convert to any currency you want via XE.com etc, but again, it all depends on what you want to cash out into.

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#20 01-12-2017 7:21pm

grindle

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If you plan on gaining crypto you have to ignore the dollar value.
30-40% drops against USD mean nothing if the spread between crypto ratios is 10% and you're planning on holding or trading cryptos either way.

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#21 03-12-2017 5:46pm

lookingahead

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Hi,

I have not invested yet in cryptocurrancies but I am thinking of playing around wit some spare cash.

I like the look of Iota.

However the above 2 platforms, Binanace and Bitfinex do not see to allow EUR deposits?

I am leading towards Binance. Could you help me get started on how to buy IOTA there?

Obviously I need to register which I will do. But if I cannot buy using my card / cash transfer, What is the best way? It seems to me you have to buy other currencies to buy IOTA. If that is the case I would probably be Etherum.

Did you have to join another exchange and buy a currency and transfer it to Binance?

If so what exchange did you use? Is it easy to transfer from one exchange to another?

Apologies for all questions but so much information and some of it is cntradicting on some websites

Looknig forward to your reply.

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#22 03-12-2017 5:49pm

wannabecraig

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lookingahead wrote:

If so what exchange did you use? Is it easy to transfer from one exchange to another?

lookingahead wrote:

Did you have to join another exchange and buy a currency and transfer it to Binance?

Coinbase, then buy either btc or eth. Transfer to bittrex or bitfinex and but iota

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#23 03-12-2017 7:22pm

Sabre0001

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It's not too bad once you get started.

Open a Coinbase account, then check out the "Avoiding the fees" thread immediately.

Then you can use ETH funds in your GDAX account to transfer over to your Binance account.

That will then enable you to trade for IOTA.

🤪

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#24 03-12-2017 10:10pm

lookingahead

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Sorry I am probably being stupid here!!

Is GDAX part of Coinbase or another exchange?

Does the registration on coinbase take long? I was going too test the water with 1000EUR investment?

Would this be to small with all the fees for transfferring money to coinbase then to Binance etc?

Im hoping not to be regular trader but buy and hold etc...Maybe I will take profits but up to now always buy and hold in terms of stocks etc.

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#25 03-12-2017 10:28pm

wannabecraig

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Part of the same exchange, just one extra layer of authentication, need two for GDAX. If you use sepa to get it in to coinbase then you don't need to worry about GDAX, think it's pretty much the same fee to buy btc/eth on both but of not you can just transfer to GDAX and buy btc there. Then transfer to bittrex or wherever and buy iota.

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#26 04-12-2017 9:07am

machiavellianme

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IOTA on a serious run now. It has more than tripled in value this week.

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#27 04-12-2017 9:25am

KilOit

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machiavellianme wrote: »

IOTA on a serious run now. It has more than tripled in value this week.

Unhealthy rise. Bought it a long time ago below ico level but what has changed recently with it? Just fomo?

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#28 04-12-2017 9:45am

grindle

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KilOit wrote: »

Unhealthy rise. Bought it a long time ago below ico level but what has changed recently with it? Just fomo?

grindle wrote: »

https://thenextweb.com/hardfork/2017/11/28/iota-microsoft-data-marketplace-cryptocurrency/

Easy pick for a $10b market cap. Not too many coins with enterprise use announced. IOTA could slip back a bit because it's in it's infancy and the last week has been very strong, but if you're betting on future value I'd say it's still undervalued.

Data-mining customer's devices? This is any R&D department's wet dream.

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#29 04-12-2017 10:02am

KilOit

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Always believed in iota but if you go on any forum it's extremely fudded, it effects the status quo of block chain and undermines most other crypto if successful.. It's the best source of payment for the near zero transaction fees and gets more secure the more it's used

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#30 04-12-2017 11:58am

grindle

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It could well be a monster in a few years. It will only get more secure and efficient as use increases, which is unusual in this space.

Blockchain has many more years research built into it though - and all of these cryptos are considered a beta product - it'll be a while before IOTA is as stable and trustworthy while it feels it's way through it's growing pains.

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#31 04-12-2017 9:58pm

lookingahead

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Have I missed to boat here....??

I know these things are a gamble but there is no knowing if this will go up further and down again. I am probably better off taking the chance now?

Looks like UK gonig to try regulate the sector...

Only matter of time before some regulation is in

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#32 05-12-2017 12:12am

grindle

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lookingahead wrote: »

Have I missed to boat here....??

I know these things are a gamble but there is no knowing if this will go up further and down again. I am probably better off taking the chance now?

Looks like UK gonig to try regulate the sector...

Only matter of time before some regulation is in

Ignore the regulation - it doesn't mean it's going away, it just means they'll be vetting it better for the tax gains.

IOTA - have you missed the boat? Not in the long term. It'll scrape up to $10b and that'll be a nice number a lot of people pull profit out at, or near there anyway.
If the devs and whoever's working on their enterprise relations continues to progress at the rate they're at now I'd keep an eye on the news just to see if they have more up their sleeves. I wouldn't think it's a BTC overthower but it has more upside in the short-term unless 2018 gets genuinely crazy, which is a very distinct possibility.

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#33 05-12-2017 1:08pm

snowstreams

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Id wait for it to drop before buying in. I've missed the boat here too for now. It will drop back 30% over the next few weeks im sure.

I had some before, bought in at 75c but sold it at 50c. It dropped all the way to 40c after that and stayed low until recently.
At the time the only news about Iota that I could find, was that Iota is years away from being usable and progressing slowly, that caused me to FUD.

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#34 05-12-2017 1:18pm

grindle

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snowstreams wrote: »

...bought in at 75c but sold it at 50c.

Never ever sell low.

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#35 05-12-2017 2:43pm

Ronan|Raven

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Have a few hundred of these I got when the were @ 0.50c
Will hold for the longterm.

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#36 05-12-2017 9:15pm

KilOit

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Can't believe this is number 4 market cap and passed ripple, sold some of my stack, weak hands

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#37 05-12-2017 9:17pm

GreeBo

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Its my second best performing crypto behind NEO...I missed the express BTC train, got on the rickshaw just recently

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#38 05-12-2017 11:08pm

Crypto Coin

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I'm unable to buy iota on Binance, anyone else having trouble, is there is minimum amount?

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#39 05-12-2017 11:28pm

wannabecraig

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Ronan|Raven wrote: »

Have a few hundred of these I got when the were @ 0.50c
Will hold for the longterm.

Same situation but I'm having trouble understanding the wallet situaton. Mine still on the exchange, which I dont like, but IOTA wallet is confusing me.

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#40 05-12-2017 11:31pm

KilOit

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1300% on this now, thats pretty rare on non ****coins in such a short space of time. My Neo stack hit 1000% before dropping to 500%
If you're getting in on this now be extremely careful and don't fomo, anything that goes up a few billion in a few days generally dips

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#41 05-12-2017 11:56pm

lookingahead

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HI,

Transferred Etherum from coinbase for first time there now to Binance to buy IOta over next few days.

I might wait for drop or buy in different amounts/days.

How long does the transfers usually take? Did mine 20 minutes ago and still has not gone through.

It just has Pending on Coinbase site so must be slow at moment.

Alot of the popular coins seem to be expensive now...

Annoyed I missed this one especially when I intended to work on buying some few days ago. Anyhow thanks for all help so far

Any of you have trouble with gDAX? I upload second ID then it wants to take picture but it doesnt seem to work.

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#42 06-12-2017 12:26am

machiavellianme

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Don't fret it. Similar happened with OMG and it shot up for a few weeks only to plummet for 2 months before a recovery. Iota is just the flavour of the week at the moment but it'll be available again for the long haul.

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#43 06-12-2017 7:20am

lookingahead

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Up 80%again today

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#44 06-12-2017 9:33am

jobless

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crazy gains..... congrats to those who bought....
but looks like some serious fomo on this at the moment...id be wary buying now

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#45 06-12-2017 9:38am

machiavellianme

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Can't believe that I held this for months and literally from the instant I sold it last week, it has gone on a run increasing by over 466%. I can't think of anything else that has increased so much in such a short space of time.

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#46 06-12-2017 9:42am

jester77

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jobless wrote: »

crazy gains..... congrats to those who bought....
but looks like some serious fomo on this at the moment...id be wary buying now

Just don't hold them on Binfinex if you do

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#47 06-12-2017 9:43am

KilOit

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Price rising so quick that it has huge differences in prices on exchanges, it's over 5$ on binance and bitfinex but the Korean exchanges has it over 8$

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#48 06-12-2017 9:44am

crushproof

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Well done to all that bought. I held off because I wanted to investigate it more. Should have just jumped it. It's clearly the coin of the moment... But what coin is next?!

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#49 06-12-2017 9:49am

KilOit

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crushproof wrote: »

Well done to all that bought. I held off because I wanted to investigate it more. Should have just jumped it. It's clearly the coin of the moment... But what coin is next?!

Ark
I'm surprised it's as low as it is, mc should be in the billions imo.. Mobile wallets soon with many updates coming down the line, devs never disappoint and hit deadlines all the time

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#50 06-12-2017 10:11am

beno619

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jester77 wrote: »

Just don't hold them on Binfinex if you do

Why what am I missing ?

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#51 06-12-2017 11:23am

jester77

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beno619 wrote: »

Why what am I missing ?

Just have a read, if anything will crash the market then it will be these guys and it will be big. There has been a massive run on people withdrawing in the last few days and people are struggling to get their funds out.

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