Selling Ether to buy IOTA

I progressively took profits in my oversized ether position over the last two weeks in a $360 - $400 band. Why?

• I had a c.$20 - $30 entry price so it had become an outsized position in my portfolio
• It appeared overbought with the last $150 seemingly coming too easily
• I am concerned re a regulatory clamp-down on the ICO market which will remove the key catalyst to ether demand over the last few months

I have still retained a meaningful Ether position but think from a relative growth perspective there are better options over the medium term.

I reinvested these profits into IOTA and have been buying between 33c and 52c as I think IOTA is the easiest large-cap buy in the digital asset space currently:

• It is great innovative tech that reimagines blockchain (and actually removes it and replaces it with a "Tangle") and solves the two key biggest issues in blockchain currently: fees (it is FEELESS) and scaleability (efficiency of network grows the BIGGER it gets)
• I like the way it has been developed over the last two years with minimal hype and very sensible and staged growth by the team
• It has a focussed end-market (IoT) it is targeting that is well suited to its tech and is also in its infancy - so potential to be high-growth tech in a high-growth sector
• It already has good commercial relationships and ability to continue to broaden these in a similar fashion to the Ethereum Enterprise Alliance
• It has over a $1bn market cap and is only listed on ONE exchange (Bitfinex) - if LTC can rally 30% because it gets listed on Bitstamp (potentially the ONLY major exchange that didnt already have LTC listed) there is significant upside to IOTA as it reaches a broader exchange market over time
• No one else I know knew much about it or owned it - so whilst i was buying a +$1bn cap crypto it definitely wasn't a crowded trade

The key issue I have is that it is not decentralised as the transaction volume on the network is not yet at a scale to become propagating - the team assure investors this is only a matter of time and decentralisation will happen as soon as critical mass is achieved.

Lets see how it goes - so far its working well with ether's continued weakness and small gains in IOTA.

For those of you new to IOTA I found this video a very helpful and relatively balanced introduction (thanks to IOTA Supporter):

CAM