Why Do I Believe IOTA is a Game Changer?

…It has the potential to revolutionize how machines interact with one another and how businesses interact with machines.

…It has the ability to enable any technological device or potential solution from that device to be traded on an open market, to be utilized by any other business without any human intervention

…It will create a multitude of new business models that generate monetary value from pure machine-to-machine transactions.

Yes, IOTA is one of the most important cryptocurrencies to watch today.

Its growth could become massive. Maybe hundreds of times more massive than Bitcoin.

Although it’s a ways off from mass adoption, it’s price is extremely cheap… on par with the early days of Bitcoin.

The IOTA coin will change everything. The IOT space is growing and no slowdown is in sight. IOTA will be the backbone of IOT.

Really think about this opportunity, even if you only have a little bit to invest. If you would have invested even $100 in Bitcoin at the levels we see IOTA, you would be a millionaire.

Go do your research about IOTA. Learn why it’s different. Learn why it’s the future of cryptocurrency. Learn why the potential of IOTA is so high.

Here’s some research I’ve done to get you started….

Any Questions?

What is IOTA?

Here is the official definition from IOTA.org:

Iota is a brand new and novel micro-transaction cryptotoken optimized for the Internet-of-Things (IoT). Unlike the complex and heavy blockchains of Bitcoin and the like, which were designed with other uses in mind, Iota is created to be as lightweight as possible, hence the name "Iota" with emphasis on the ‘IoT’ part.

IOTA is a frictionless blockchain. It uses a new protocol called Tangle, which is the core of its innovation. This is what makes IOTA frictionless.

Tangle in action…

IOTA is important because:

• As the Internet of things of things keeps expanding, interoperability need for smart devices becomes a necessity
• It will become the backbone of the internet of things IOT.
• It is a new form of ledger system that doesn’t use Blockchain but rather a protocol called Tangle – enabling frictionless and zero fee transactions*

What Makes IOTA Great?

• No Transaction Fees – nope, none. Zero. Zilch. It’s free to use.
• Great network Scalability compared to Blockchain – completely frictionless
• Offline Transactions… awesome
• Enables B2B Models between machines, which enables businesses to utilize machine resources across the world in a decentralized way – very important point here
• Makes it possible for a technological resource or potential service to be traded on an open market so that others can utilize at will – very important point here
• In this new autonomous machine economy IOTA will be the backbone
• It does not use blockchain but uses a new technology called Tangle
• Microsoft has shown interest in IOTA and planning to use IOTA in their Azure BAAs Program
• GE has expressed interest in IOTA

IOTA Market Dynamics and Price

The demand for IOTA solutions will grow exponentially in this century….

IOT Device Growth Forecast:
Gartner predicts that 8.4 billion devices will be connected to the Internet of things in 2017. By 2020, this will grow to 20.4 billion devices connected the total spending on endpoints and solutions will be up to $2 trillion in 2017 alone. *Source Below

IOT Financial Forecasts:

• Bain predicts that by 2020 corporate revenues could exceed $470B for IoT vendors selling hardware, software and comprehensive solutions
• McKinsey estimates total IoT market size in 2015 was up to $900M, growing to $3.7B in 2020 attaining a 32.6% CAGR
• General Electric predicts investment in the Industrial Internet of Things (IIoT) is expected to top $60 trillion during the next 15 years
• IHS forecasts that the IoT market will grow from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025
  *Source Below

Wow, those are not small numbers… Looks like explosive growth potential to me. 

Here this will help clarify…

*Source Below

Should You Buy IOTA?

If you are a long-term kind of trader, you should buy IOTA. Its long-term potential is phenomenal. There is nothing that can match it. But it will be at least 3-5 years before mass adoption.

If you’re in the market as a trader to make a quick buck, this one may not be for you (though you can certainly make good gains on the volatility with this one as a day trader or position trader – see my chart below!). I’ve day traded this one with quite a bit of success. See my trading chart below.

With IOT connections to reach more than 1 billing by 2020, the need for a secure, lightweight, micro-transaction mechanism is needed more than ever. IOTA is that mechanism.

IOTA is still fairly new and unknown to most of the public and business world. However, it is quickly becoming more widely known.

Look at this Google Trends chart below… it shows how IOTA is gaining in popularity and becoming more well known.

Here see for yourself: https://trends.google.com/trends/explore?q=IOTA

**Or here is a quick snapshot: **

So, the truth is, IOTA is slowly getting more attention and its machine ecosystem grows every day, week and year. They are an active community thriving to success with this coin.

(Also for fun, you should also checkout how the google trends charts correlate with the price movements of IOTA – pretty interesting if you look at the trends. I’ll do a post on this.)

What about IOTA Sentiment?

Are there insights we can gain from doing basic sentiment analysis?

YES!

Let’s look at how this works. There are several tools you can use to do sentiment analysis for free. My favorite tool (and very easy to use) is called Social Mention.

Here is what the social mention interface looks like:

It’s basically a search engine for social sentiment analysis. After you enter the search term “IOTA”, click search.

These are the social sentiment results you’ll get back for IOTA:

You’ll notice that there is a lot of great data here about this particular term “IOTA”. Let’s break this down so that you understand how social sentiment works.

First, let’s look at the core metrics… Strength, Sentiment, Passion, and Reach.

I’ll define them for you here:

• Strength: Strength is the likelihood that your brand is being discussed in social media. A very simple calculation is used: phrase mentions within the last 24 hours divided by total possible mentions.

• Sentiment: Sentiment is the ratio of mentions that are generally positive to those that are generally negative.

• Passion:Passion is a measure of the likelihood that individuals talking about your brand will do so repeatedly. For example, if you have a small group of very passionate advocates who talk about your products or brand all the time you will have a higher Passion score. Conversely if every mention is written by a different author you will have a lower score.

• Reach: Reach is a measure of the range of influence. It is the number of unique authors referencing your brand divided by the total number of mentions.

Now let’s looks at how IOTA ranks compared to Bitcoin:

As you can clearly see, IOTA has a MUCH more positive and compelling result!

Here’s what we see:

• IOTA’s strength is more than DOUBLE that of Bitcoin.
• IOTA’s overall sentiment in the market is twice as positive as Bitcoin.
• IOTA’s passion indicator is 17X that of Bitcoin
• IOTA’s reach is over 6x better than Bitcoin.
• The frequency of IOTA mentions occur 4X more often than bitcoin
• IOTA has 57 unique authors

Now does this mean that IOTA is more populate than Bitcoin? No. But, What it does mean is that IOTA’s brand is being discussed widely AND very positively in the market, specifically on Social media. The majority of people talking about IOTA, talk very positively about IOTA.

In addition… it is very likely that people will repeatedly talk about IOTA because they are passionate about the technology, opportunity, etc.

Now think about the price of IOTA…

Today, as of this post being published...

IOTA’s price sits at $.048 – that is 48 CENTS.

Bitcoin’s price sits at $3,567.

Now you can’t compare the two coins side-by-side or as apples-to-apples. However, you can draw some parallels… and conclusions.

• IOTA is poised to explode as adoption of the new Tangle technology increases
• The IOT space is ripe for disruption… and IOTA (and Tangle) is the perfect technology to disrupt this industry
• IOTA has VERY strong overall market sentiment, which means that there is a lot of momentum to carry the technology to success
• The IOT financial opportunity is massive and unprecedented - we’ve never seen anything like the opportunity we have in front of us
• The sheer number of IOT devices that will be connected will open MANY doors to innovation, and will propel new business models forward. IOTA will be at the forefront of that
• IOTA is CHEAP – and there is NO better time to get into to it than now

Do I Personally Own and Trade IOTA?

Yes, I absolutely do! I use the platform Coinigy to do all of my trading. I’m an active day trader, so I can accumulate IOTA coins (and other altcoins as well) very quickly.

Here is a quick snapshot of a recent IOTA chart:

I Use Coinigy to Trade - because it pulls all exchanges into a single place for trading - Viola!

You’ll see that the trader trys VERY hard to only buy at the bottoms and trade at the tops (doesn’t always work out that way, but IOTA is such an easy chart to read, that I’ve had a very good run on it too).

I use a trading strategy called ‘base trading’, which significantly stacks the odds in my favor, and gives my the highest probability for successful trades… the basic way the strategy works is that you make trades when the last price base cracks – meaning – when the coin’s price drops below the last lowest base price that has buyer support, you make a trade.

Keep in mind that it’s VERY important that you know there is support at the bottom base price, when the base cracks. Then, there is typically a hard spike up on the price…and you sell at the top by putting limit orders where you want to sell. You can see this in the chart above.

If you’re interested in this trading strategy and how I’ve been successful with it, you can check out My Base Trading Tutorial on Youtube

Base trading is truly magical and there is so much opportunity in the cryptocurrency markets to exploit and profit from this simple trading method. I highly encourage those of you reading this to think seriously about learning this type of day and position trading strategy.

Now for the fun stuff…

How and Where to Buy IOTA:

You can now buy IOTA on the Bitfinex and CCEX exchange (I prefer Bitfinex). You can buy IOTA by using your Bitfinex account and you will need to either buy IOT in Bitcoin (BTC) or US Dollars (USD).

If you’re purchasing IOTA in USD, you’ll need to wire transfer your money, which may incur higher fees that buying Bitcoin and then buying IOTA with your Bitcoin. That’s the route I would take because it’s easier. Much easier.

If you go this route (buy bitcoin and then buy IOTA with your bitcoin), there are many options for you. You can buy Bitcoin from many places on the internet, but I recommend Coinbase.

By far the easiest plan you’ll find to buy bitcoin is on Coinbase. They make it extremely easy to buy bitcoin – and you can do so using a credit card right after you sign-up (really it’s lightning fast).

I actually made a tutorial on how to do it here:https://www.youtube.com/watch?v=WlqY2cp9w7c&t=432s

Or you can see the Steemit post I made about it here: https://steemit.com/coinbase/@dscenterprises/the-absolute-easiest-way-to-start-trading-bitcoin-for-profit

You can even go directly to Coinbase here to buy Bitcoin now if you want.

So needless to say, it’s easy to get your hands on some Bitcoin and that’s where you’ll need to start in order to buy IOTA and trade in general. There are alternatives to buying bitcoin, such as mining. But Buying bitcoin through coinbase using a credit card is by far the easiest way.

Also, I encourage all of my readers to buy bitcoin from Coinbase because you will get $10 free Bitcoin, ethereum or Litecoin when you buy your first $100 bitcoin through Coinbase.

Note: You can view my tutorial on using Coinbase HERE

After you buy your first bitcoin, in order to buy IOTA, you’ll need to send it to the Bitfinex exchange. This is where you can convert your bitcoin into IOTA.

Go to the Bitfinex exchange to get your Bitcoin wallet address – as seen below.

Then send BTC from Coinbase to Bitfinex.

Paste your Bitfinex Bitcoin wallet address here.

It may take several minutes for the transaction to finish (I’ve had it take up to an hour or more, so don’t fret if it takes a while).

A word of caution: You should always send a small amount of any cryptocurrency from one exchange to another to ensure that the connection is valid.

Once you receive the Bitcoin into your Bitfinex wall, you can now buy IOTA on the exchange. Simply go to “Trading > IOTA > IOTA/BTC”

Then place your order for how many IOTA you want to trade with your BTC…. And you’re off!

You have just purchased your first IOTA coins! Congratulations!

Cheer to profitable trading!

Resources & Mentions:

• Coinbase – Get $10 Free Bitcoin, Ethereum or Litecoin when you sign up:

• Coinigy – The BEST platform for trading on exchanges from one singe place!

• Changelly – Exchange Cryptocurrency at the best rate

• My Base Trading Tutorial on Youtube

• The best Bitcointalk post ever on IOTA: https://bitcointalk.org/index.php?topic=1216479.0

• IOTA Foundation: IOTA.org

• Best Reddit forum: https://www.reddit.com/r/Iota/

• Bitfinex: Bitfinex.com

• State of Blockchain 2017 - Full Report: http://www.cryptocamacho.com/state-of-blockchain-2017

• Social Sentiment Analysis: SocialMention.com

Articles Mentioned in this post:

• Gartner Article: http://www.gartner.com/newsroom/id/3598917

• Forbes article: https://www.forbes.com/sites/louiscolumbus/2016/11/27/roundup-of-internet-of-things-forecasts-and-market-estimates-2016/#165b6823292d

Follow Me:

• My Website: CryptoCamacho.com/recommended

• Follow me on Steemit: https://steemit.com/@dscenterprises

• My Youtube Channel: https://www.youtube.com/channel/UCr7awC_cGvuTVjHsWWjKO5Q?view_as=subscriber

• Join the Facebook Group: https://www.facebook.com/crypto.camacho

• Follow me on Twitter: https://twitter.com/cryptocamacho

• Find me on Bitcointalk Forums: https://bitcointalk.org/index.php?action=profile;u=1144820

Enjoy and questions are welcome!

-Crypto Camacho