I took interest in IOTA coin a few weeks ago. Not sure why it isn't taking off more yet but I'm no expert on these things. However, the IOTA design sounds great. Instead of working on a block chain it works on a tangle, which seems to be unique to IOTA. So again I'm no expert but that seems to mean it will not have the same downfalls as coins that work on the chain.
One of them being fees! No fees Ever!
No increase in difficulty because in simple terms the calculation doesn't keep growing.
Also no mining.
From what I understand the transactions will happen instantly.
So I couldn't help putting some money into IOTA.
So I started at about the $50 price and as you can see it dropped. Then I added and then It dropped, then I added and it dropped again lol. That's always fun. I was actually hoping it would take a major dump for my final add for the time being but it didn't. I should've when it hit about $14 but was hoping maybe it just keep falling to single digits or low single digits but good news has been coming out lately and driving it back up.
https://twitter.com/SatoshiPay/status/886833676180492288
- SatoshiPay
If you look on the graph the spot where it turned around was after SatoshiPay dropped Bitcoin In favor of IOTA That brought it all the way back up to 30 and now people are taking profits.
I myself am in it for the long haul so for my sake I hope it takes a major dump so I can load up on it more.
For those of you not familiar with it check out iota.org. I think this is a very promising token.
Comments and input appreciated.
