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RE: IOTA, A CryptoCurrency With A Lot Of Fans & Critics!

in #cryptocurrency6 years ago

I held for a few months, made some money from it and sold at a higher price.

I read into a lot of the hype, and profited from it, but it's essentially what kept me around. Once I started to pay more attention to it, I realised that it was definitely more hype than substance.

They didn't really have a proper functioning wallet. It was the only coin I kept on the exchange because I was too scared to transfer it out at risk of losing my coins. I've held probably 10-15 other coins and none made me feel this way.

Also had some chats with devs of another mainstream crypto who were all of the opinion that the scalability claims aren't exactly ground breaking, and that the concept comes at the cost of security.

And there's been a lot of talk of partnerships, ground breaking announcements, etc, that quite often end up again being more hype than substance.

There was a website I stumbled across recently that raised a lot of other questions, some of which you've touched on. I think there were some issues with some of the ICO allocation as far as I can recall.

Either way, I'm out.

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Yes, I think you had more or less the same experience with IOTA as I. It just seems to be more hyped than actually based on real innovation and results. I will still keep an eye on it but without some big things happening no money will flow in from my side...

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