I haven't an IOTA

Yeah Im a bit worried that the collapse of bitfinex could affect the price of Cryptos overall.
But bitfinex does seem to have been doing dodgy stuff the last while so hopefully it wont affect other places.

I have 1 iota left on Bitfinex but they have a minimum transfer amount of about 10 euro!

jester77 wrote: »

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.

Cheers can anyone recommend a good wallet for IOTA ?

Bought some IOTA there last week. I've been trying to withdraw it from Bitfinex all morning, keep getting a bad gateway error. It's a little bit disconcerting, but looking at their subreddit it seems there are other people in the same boat, and their support team seem to be aware of it.

Just on the wallet, I'm using the light node, and I was wondering if it's safe to create your own seed out of random words? That's what I have done at the moment, just want to make sure that's a safe enough way to go about it.

Aspiring wrote: »

Bought some IOTA there last week. I've been trying to withdraw it from Bitfinex all morning, keep getting a bad gateway error. It's a little bit disconcerting, but looking at their subreddit it seems there are other people in the same boat, and their support team seem to be aware of it.

Just on the wallet, I'm using the light node, and I was wondering if it's safe to create your own seed out of random words? That's what I have done at the moment, just want to make sure that's a safe enough way to go about it.

Using random words rather than random characters makes it technically easier to brute force it, but its still pretty much beyond any computing capability we have today or in any sort of reasonable future. (Though quantum computing may impact this, then again it may drastically impact crypto mining etc also!)

Zascar wrote: »

IOTA is now my biggest coin - I got in at 90 cent but it was min for ages. Wondering if its worth selling now as its on the way back down.

Mine is on Bitfinex - I had trouble logging in todauy, should I move to Binance?

I would get it off Bitfinex, they appear to be in trouble and might not last too much longer. Dodgy tether dealings and they appear to be wash trading IOTA to pump the price.

Zascar wrote: »

So I sent a very small amount as a test to make sure it worked - Bitfinex to Binance. Good job I did as it did not appear in Binance. What should I do?

I think there are massive delays with bitfinex

Buy ETH via Kraken or Coinbase (if they'll allow you - could be temp suspended atm), transfer ETH to Binance, buy IOTA.

It may. It depends on industry support and whether or not enough nodes come online consistently for them to drop the central hub they currently operate with.
If devices start shipping with little internet-enabled IOTA modules or some Tangle-polling mechanism gets baked into device operating systems then that'll be that worry pushed into the past and IOTA will quickly jump, but that may take a year or three to happen.
How fast can they develop now that they'll have partners giving them both aims to focus on and ideas to build upon?

This is basing price on fundamentals btw, which as we all know is a ridiculous notion in cryptos.
Could 5x tomorrow because Kim Kardashian tweets that it's a "neat" concept and she'll be having a chip implanted to her face so she can get micro-transaction-enabled collagen injections whenever the device recognises her skin is losing it's tautness.

I sold all my IOTA and used the profits to buy large amounts of other alts.
Maybe I should have held onto a few, who knows! Will be interesting to see what happens in the long run with it.