IOT Ecosystem: MIOTA to the moon?
Let's take positions for long!!
I remember once that one of my friends recommend me to buy and hold IOTA, i did not take his recommendation but at the end i bought some and take advantage its valuation back in december. Since then the FUD start to come, many publications was focus on IOTA and wrote good reviews about some weakness of IOTA, wich i was agree but something that most of the writters didnt mentionet is that IOTA its just starting.... And for sure it will have some issues but the think is how IOTA will solve it.
https://blog.iota.org/announcing-the-iota-ecosystem-339612656bc3
Back on 7 of February IOTA ECOSYSTEM was announced and i quote :
The IOTA Ecosystem will be a platform to house the community of developers, startups, hobbyists and initiatives all over the world working towards the distributed and decentralized future we all aspire to create (think developers.google.com, but for open-source DLT applications built on the IOTA core protocol). From proof-of-concepts, utilities and libraries, to educational resources, media, philanthropic endeavors, and more, the IOTA Ecosystem will be where everyone involved in the broader IOTA community can meet, collaborate, learn, inspire, develop and build.
This is great!!! but, for the market?? Whats this coudl mean? Why if theres many good news the price still not go up?
##The market Need incentive
Indeed it need it, IOTA have some serious problems, and even if there are a very good news incoming the market will not react if IT fail to convince the investors to renew the trust and not spectulation about the proyect. IOTA Ecosystem could help to achived it, but this is just begenning, IOTA needs to pass many challenge to finaly "fundamentaly" rise to new maximus!
Meanwhile
The price could still fall... IOTUSD fail to sustain above the 1.50, if the prices close this day under the 1.50 Usd, the next medium support could be the 1.37 and in the long term the price of the 1.20 Usd.
The price could experience a new and sustained "Bull Trend" above the 1.80 Usd, meanwhile we need to wait the price and follow the patterns looking for a quick trade and a trade for HOLD, cause for sure the price will
"test" again its Historical Maximun
Thank you.
Saul Q.
How it Work You can Check Here
Que excelente post amigo, saludos desde venezuela @sfcq240788
Muchas gracias hermano!!! Te mando un abrazo!
Excelente tu información amigo, seguire de cerca tus post para seguir informado, @sfcq240788.
Que buena informacion amigo @sfcq240788, espero ver mas informacion como esta, SALUDOS
Muchas gracias hermano, saludos
I heard there code is not that great.Haven't checked it out for myself though.
Yes me too, but im beleive that this technology could be greater soon
Great explanation and logical analysis about IOTA .. bro..
Are you a trader ? @sfcq240788
Yes my friend, Im trader on Forex, CFDS and Cryptos :D
Great..bro.. Your graphical analysis may be so effective..@sfcq240788
Those graphs are take from which site ??
Those graphs are take from which site ??
Muy buena esa información, excelente...
Muchas gracias hermano, espero te sea de utilidad
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Don't get me wrong, I love the concept of IOTA and it's long term potential, I just think the valuation is ridiculous. There are actual working projects out there (I am writing the on BATs Brave browser) that are valued as a fraction of IOTA. I get that the concept is great but that's all it is to me. IOTA had a decent week because they are releasing news about QUBIC. My advice is to drop the TA, it's nonesense and only predicts which way the price will go about 50 percent of the time in the long run.
I been recommended IOTA by a few people but have not purchased any. I am rather new to crypto and decided that I will earn most of it through doing bounty work for new projects instead of investing money. But who knows I my change my mind and invest some more money into different projects.