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Title: I invested $3,000 in IOTA today.
Post by: Matt on December 03, 2017, 09:16:03 PM
On Friday, I gave a friend $1,000 to get me some IOTA - knowing it would go to up, I told him I would give him 10% for his time, since I had plans to be with the kids this weekend.

IOTA then slowly started to rise...it was $1.20 on Friday, going up to $1.45 by the time of the Overeem fight yesterday.  Then Sunday morning it hit $1.78.  I was very upset that my friend happened to get sick, so he hadn't invested my $1,000 yet.

So I texted another friend who had previously bought IOTA and e-transfered him $3,000 just now.

I do expect IOTA to hit $7 or more.  It could even hit $40.  I hope I can figure out how to buy some myself.  If so, I would like to invest $10,000 or more.

Last year, $14,000 in ETHEREUM is now worth $1 million.  So I am confident about IOTA.  I do think an investment of $10,000 will hit $250,000 or more.


Title: Re: I invested $3,000 in IOTA today.
Post by: gib on December 03, 2017, 11:35:33 PM
I would suggest sticking only to bitcoin. But good luck!


Title: Re: I invested $3,000 in IOTA today.
Post by: muscleman-2017 on December 04, 2017, 12:06:27 AM
If you want a cheap crypto with really solid specs and huge growth potential, my tip is STRATIS.


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 04, 2017, 12:09:00 AM
If you want a cheap crypto with really solid specs and huge growth potential, my tip is STRATIS.

I will check that out now.  Any other recommendations, let me know.  I have not heard of STRATIS, but I am always interested in different coins and tokens.

https://coinmarketcap.com


Title: Re: I invested $3,000 in IOTA today.
Post by: gib on December 04, 2017, 12:22:31 AM
If you want a cheap crypto with really solid specs and huge growth potential, my tip is STRATIS.

Thatís in ico right? I would be damn careful.

Now where is Mr Anabolic when you need him. Mr Anabolic please provide your comments on icos. Here I think we are likely to be alligned!


Title: Re: I invested $3,000 in IOTA today.
Post by: dj181 on December 04, 2017, 12:23:56 AM
I, I, I, I, I, I


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 04, 2017, 12:25:57 AM
I, I, I, I, I, I

Are you angry because I defended Dropping Loads?

I then asked him why you were being mean to him, and you said it was because he was being mean to you, and then I stopped defending Dropping Loads, and let you two discuss it amongst yourselves.

"Unnnh, about to cum.  Unnnh, dropping loads." - Peter North


Title: Re: I invested $3,000 in IOTA today.
Post by: dj181 on December 04, 2017, 12:32:10 AM
Are you angry because I defended Dropping Loads?

I then asked him why you were being mean to him, and you said it was because he was being mean to you, and then I stopped defending Dropping Loads, and let you two discuss it amongst yourselves.

"Unnnh, about to cum.  Unnnh, dropping loads." - Peter North

Drippng piss

Not angry but think its funny that you always make it all about you

But yes i do hate your fucking name and i bet you middle name is dyke right?

Are you sure you arent 5 9.11673883894093 lulz


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 04, 2017, 02:09:24 AM
Drippng piss

Not angry but think its funny that you always make it all about you

But yes i do hate your fucking name and i bet you middle name is dyke right?

Are you sure you arent 5 9.11673883894093 lulz

Lol, I prefer Dropping Loads.  "Unnnh, dropping loads."

Peter North must have had a lot of difficulty memorizing these scripts.

I am only over 5'9 in the morning.

In any case, IOTA has DOUBLED since Friday.  Had I invested this $3,000 on Friday, I would have $6,000 now.  Bah!

So this post, while about me, can also benefit you.

Do you have $500 to invest?  I wouldn't be surprised if it is worth $20,000 by this time next year.


Title: Re: I invested $3,000 in IOTA today.
Post by: dj181 on December 04, 2017, 02:14:05 AM
Lol, I prefer Dropping Loads.  "Unnnh, dropping loads."

Peter North must have had a lot of difficulty memorizing these scripts.

I am only over 5'9 in the morning.

In any case, IOTA has DOUBLED since Friday.  Had I invested this $3,000 on Friday, I would have $6,000 now.  Bah!

So this post, while about me, can also benefit you.

Do you have $500 to invest?  I wouldn't be surprised if it is worth $20,000 by this time next year.

Would rather put that money on gear


Title: Re: I invested $3,000 in IOTA today.
Post by: el numero uno on December 04, 2017, 03:10:00 AM
On Friday, I gave a friend $1,000 to get me some IOTA - knowing it would go to up, I told him I would give him 10% for his time, since I had plans to be with the kids this weekend.

IOTA then slowly started to rise...it was $1.20 on Friday, going up to $1.45 by the time of the Overeem fight yesterday.  Then Sunday morning it hit $1.78.  I was very upset that my friend happened to get sick, so he hadn't invested my $1,000 yet.

So I texted another friend who had previously bought IOTA and e-transfered him $3,000 just now.

I do expect IOTA to hit $7 or more.  It could even hit $40.  I hope I can figure out how to buy some myself.  If so, I would like to invest $10,000 or more.

Last year, $14,000 in ETHEREUM is now worth $1 million.  So I am confident about IOTA.  I do think an investment of $10,000 will hit $250,000 or more.

Not to be a dick but this doesn't sound like an investment to me.

You are just hoping for the price to increase 2400% anually for no real reason.

That's called speculation.





Title: Re: I invested $3,000 in IOTA today.
Post by: muscleman-2017 on December 04, 2017, 03:10:55 AM
Thatís in ico right? I would be damn careful.


Yep.


https://medium.com/@nathan.burgess1/why-stratis-may-be-the-next-big-thing-4629c0038c73


Title: Re: I invested $3,000 in IOTA today.
Post by: dj181 on December 04, 2017, 03:13:04 AM
a fool and his money are soon parted


Title: Re: I invested $3,000 in IOTA today.
Post by: ratherbebig on December 04, 2017, 03:23:57 AM
a fool and his money are soon parted

especially if he has a lot of ex-wives


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 04, 2017, 03:25:25 AM
a fool and his money are soon parted

Around $15,000 investment in ETHEREUM last year is worth $1 million today.

I think what I will do is invest $10,000, then cash back my $10,000 once it doubles.  Then just let it sit around.

That way, bubble or not, I will not lose any money, since I will only be investing my interest/profit.

Coins may be a massive speculative bubble, but I don't think they will crash yet.  Give it time.  In the meantime, there is money to be made.  And I honestly think $500 in coins can go up to $10,000 or even $20,000.

As for gear - you can always buy gear with some of the interest.  That being said, there are risks with everything, but I do think cryptocurrency is going to get much, much bigger.

$150 invested in ETHEREUM last year would be worth $10,000 today.

My advice is to invest before the crash.  Even after the crash, Bitcoin will be worth a lot of money.


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 04, 2017, 03:27:16 AM
especially if he has a lot of ex-wives


ROFL, yes, I pay child support out the ass - and both wanted advances for Christmas.  No big deal, and the kids will be happy.

But my coin investments have helped that massively.

I honestly think $15,000 invested this year can be worth more than $100,000 within 12-18 months.  That money then goes to the kids, but I have found family to be worth it. :)


Title: Re: I invested $3,000 in IOTA today.
Post by: muscleman-2017 on December 04, 2017, 03:39:20 AM
In the early days, I made 1000 percent profit in a short period of time. 

Then when the bubble burst I played it badly and lost it all.

Now, I have learned a lot from my mistakes, and make very good profits.

BTW don't be surprised if BTC goes to 100K

Around $15,000 investment in ETHEREUM last year is worth $1 million today.

I think what I will do is invest $10,000, then cash back my $10,000 once it doubles.  Then just let it sit around.

That way, bubble or not, I will not lose any money, since I will only be investing my interest/profit.

Coins may be a massive speculative bubble, but I don't think they will crash yet.  Give it time.  In the meantime, there is money to be made.  And I honestly think $500 in coins can go up to $10,000 or even $20,000.

As for gear - you can always buy gear with some of the interest.  That being said, there are risks with everything, but I do think cryptocurrency is going to get much, much bigger.

$150 invested in ETHEREUM last year would be worth $10,000 today.

My advice is to invest before the crash.  Even after the crash, Bitcoin will be worth a lot of money.


Title: Re: I invested $3,000 in IOTA today.
Post by: Mr Anabolic on December 04, 2017, 04:02:35 AM
Governments will soon ban all these cryptos.  One day you'll try to go to an exchange website and all you'll see an FBI warning.  Same thing happened to online gambling sites.  

Cash in all your profits NOW.  Don't forget to claim it on your taxes, if not the IRS and other government tax agencies will be coming after you.


Title: Re: I invested $3,000 in IOTA today.
Post by: muscleman-2017 on December 04, 2017, 04:09:25 AM
Governments will soon ban all these cryptos. One day you'll try to go to an exchange website and all you'll see an FBI warning.  

Been there, done that  ;D

HAVING SAID THAT...

there are several trading sites that are FULLY COMPLIANT WITH US FINANCIAL LAW so no you will not see a FBI warning on those.


Title: Re: I invested $3,000 in IOTA today.
Post by: gib on December 04, 2017, 04:14:54 AM
Governments will soon ban all these cryptos.  One day you'll try to go to an exchange website and all you'll see an FBI warning.  Same thing happened to online gambling sites.  

Cash in all your profits NOW.  Don't forget to claim it on your taxes, if not the IRS and other government tax agencies will be coming after you.

Actually what the US did is regulated the exchanges (just like with casinos). Those exchanges who meet the
requirements will thrive.

Further Wall St is jumping on board. And itís Wall St that controls the Govt. Think about it ...


Title: Re: I invested $3,000 in IOTA today.
Post by: Rimstinger on December 04, 2017, 04:31:40 AM
Actually what the US did is regulated the exchanges (just like with casinos). Those exchanges who meet the
requirements will thrive.

Further Jews Wall St is jumping on board. And itís the Jews Wall St that controls the Govt. Think about it ...

Fixed for accuracy


Title: Re: I invested $3,000 in IOTA today.
Post by: Mr Anabolic on December 04, 2017, 04:57:31 AM
Actually what the US did is regulated the exchanges (just like with casinos). Those exchanges who meet the
requirements will thrive.

Further Wall St is jumping on board. And itís Wall St that controls the Govt. Think about it ...

Too many things can go wrong... and they will.

The introduction of the bitcoin futures trading will be adding sellers to the market, not buyers.  Everyone who wanted to buy crypto has been able to do so, but the same cannot be said for those who wanted to short them.  Now they'll have the chance to that... that will put downward pressure on the cash price of crypto.

Don't be emotionally attached and foolish about this... take your profits now while you still can.  

---------------------------------------------------------------------
UK

The Telegraph reported just around the time of the big drop, UK "ministers are launching a crackdown on the virtual currency Bitcoin amid growing concern it is being used to launder money and dodge tax."

Taking a page out of the Chinese playbook, the UK Treasury has announced plans to regulate the Bitcoin that will force traders in so-called crypto-currencies to disclose their identities and report suspicious activity.

According to the Telegraph, while "until now, anybody buying and selling Bitcoins and other  digital currencies have been able to do so anonymously, making it attractive to criminals and tax avoiders. But the Treasury has now said it intends to begin regulating the virtual currency, which has a total value of £145 billion, to bring it in line with rules on anti-money laundering and counter-terrorism financial legislation."

John Mann, a member of the Treasury select committee, said he expected to hold an inquiry into the need for better regulation of Bitcoin and other alternative currencies in the new year.

He said: "These new forms of exchange are expanding rapidly and we've got to make sure we don't get left behind - that's particularly important in terms of money-laundering, terrorism or pure theft.

"I'm not convinced that the regulatory authorities are keeping up to speed. I would be surprised if the committee doesn't have an inquiry next year. "It would be timely to have a proper look at what this means. It may be that we want speed up our use of these kinds of thing in this country, but that makes it all the more important that we don't have a regulatory lag."

The proposed changes come amid increasing fears that Bitcoin is being used by gangs to launder the proceeds of crime while also attracting currency speculators - with the value of the coin soaring in the past 12 months.

In other words, the same reason why the IRS is cracking down on Coinbase clients in the US is also why UK and European regulators are joining China in cracking down on capital flight.

United States

The US Senate Judiciary Committee is currently tackling bill S.1241 that aims to criminalize the intentional concealment of ownership or control of a financial account. The bill also would amend the definition of Ďfinancial accountí and Ďfinancial institutioní to include digital currencies and digital exchanges, respectively. According to ranking committee member Senator Dianne Feinstein, the proposed bill is needed to modernize existing AML laws.

The bill would amend the definition of Ďfinancial institution,í in Section 53412(a) of title 31, United States Code, to include:

ďAn issuer, redeemer, or cashier of prepaid access devices, digital currency, or any digital exchanger or tumbler of digital currency.Ē

If passed, the bill would likely have far-reaching effects for users of digital currencies both in the US and abroad.



Title: Re: I invested $3,000 in IOTA today.
Post by: Parker on December 04, 2017, 06:21:45 AM
ROFL, yes, I pay child support out the ass - and both wanted advances for Christmas.  No big deal, and the kids will be happy.

But my coin investments have helped that massively.

I honestly think $15,000 invested this year can be worth more than $100,000 within 12-18 months.  That money then goes to the kids, but I have found family to be worth it. :)
The kids would be happy if they had a full time dad. Not someone who believes that child support advances for Christmas will make the kids happy.


Title: Re: I invested $3,000 in IOTA today.
Post by: gib on December 04, 2017, 07:15:48 AM
Fixed for accuracy

Hahahahaha. Yes well thatís true also :). Jews control gold, diamonds and yes they want a piece of the bitcoin action that is clear!


Title: Re: I invested $3,000 in IOTA today.
Post by: gib on December 04, 2017, 07:17:48 AM
The kids would be happy if they had a full time dad. Not someone who believes that child support advances for Christmas will make the kids happy.

What a nasty and spiteful comment. Come on man - thats harsh. And maybe not fair - you donít known the full circumstances.


Title: Re: I invested $3,000 in IOTA today.
Post by: keanu on December 04, 2017, 07:57:32 AM
To the person who stated this is speculation not investment, I agree. In the investment world, this is called a lottery ticket. Regulation will come in, and manipulation as well. I would be much happier holding onto stocks like Visa, Apple, Google, Microsoft, Paypal, ect., then this stuff. That being said, I have invested about 15K into the crypto space in the last year and it has multiplied several times. My original investment has been cashed out so it is all 'house' money at this point. It will crash, no doubt. I am just having fun with the mania of crypto right now.

  I remember these type of gains from the past. It was called the tech boom. Pre-2000. Stocks were going from a few dollars to hundreds based on no earnings at all, just clicks on sites. Of course  it all went crashing down. Millionaires and billionaires were made. Many more were left holding the bag. In crypto, a few will survive and thrive, most will be worth nothing. Matt dropping what he can afford to lose isn't a big deal. 3K is peanuts.


Title: Re: I invested $3,000 in IOTA today.
Post by: Da Freak on December 05, 2017, 01:10:23 AM
invested into a few hundred IOTA today as part of my crypto portfolio. let's see where this takes us.


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 05, 2017, 03:19:41 AM
invested into a few hundred IOTA today as part of my crypto portfolio. let's see where this takes us.

It's already gone up $300 for me.  I'm happy.  I intend to invest $10,000.  So far, I have only focused on Bitcoin and ETHEREUM.  Now I intend to focus on everything except those two.


Title: Re: I invested $3,000 in IOTA today.
Post by: Simple Simon on December 05, 2017, 03:35:33 AM
I don't care one iota.


Title: Re: I invested $3,000 in IOTA today.
Post by: stingray on December 05, 2017, 03:37:28 AM
It's already gone up $300 for me.  I'm happy.  I intend to invest $10,000.  So far, I have only focused on Bitcoin and ETHEREUM.  Now I intend to focus on everything except those two.

Ether has stabilised abit , you reckon it will go alot up next year? I know the people who bought earlier ether in the year probably made good money now


Title: Re: I invested $3,000 in IOTA today.
Post by: Skorp1o on December 05, 2017, 04:14:37 AM
I don't care one iota.

Your witt is wasted on here, but I got your back, that was a good one.


Title: Re: I invested $3,000 in IOTA today.
Post by: Eyeball Chambers on December 05, 2017, 04:31:06 AM
Where do you buy IOTA??


Title: Re: I invested $3,000 in IOTA today.
Post by: Parker on December 05, 2017, 04:36:51 AM
Perfect investment and sport for Matt, the Marblelympics
http://www.youtube.com/watch?v=iQwxzjCePJs


Title: Re: I invested $3,000 in IOTA today.
Post by: Spike on December 05, 2017, 05:43:53 AM
I need to get a stand for my Xbox from IKEA


Title: Re: I invested $3,000 in IOTA today.
Post by: rocket on December 05, 2017, 06:15:33 AM
On Friday, I gave a friend $1,000 to get me some IOTA - knowing it would go to up, I told him I would give him 10% for his time, since I had plans to be with the kids this weekend.

IOTA then slowly started to rise...it was $1.20 on Friday, going up to $1.45 by the time of the Overeem fight yesterday.  Then Sunday morning it hit $1.78.  I was very upset that my friend happened to get sick, so he hadn't invested my $1,000 yet.

So I texted another friend who had previously bought IOTA and e-transfered him $3,000 just now.

I do expect IOTA to hit $7 or more.  It could even hit $40.  I hope I can figure out how to buy some myself.  If so, I would like to invest $10,000 or more.

Last year, $14,000 in ETHEREUM is now worth $1 million.  So I am confident about IOTA.  I do think an investment of $10,000 will hit $250,000 or more.

Got to bitfinex and open an account.

Get verified

Put funds in

Buy IOTA

Simple.


Title: Re: I invested $3,000 in IOTA today.
Post by: Zillotch on December 05, 2017, 07:21:58 AM
The kids would be happy if they had a full time dad. Not someone who believes that child support advances for Christmas will make the kids happy.

boom.... damn, parker.. very good post.


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 05, 2017, 06:56:07 PM
The kids would be happy if they had a full time dad. Not someone who believes that child support advances for Christmas will make the kids happy.

Among my three children, 2/3 are in school full-time now, so there is not much I can do.  And obviously every dad struggles with making money for his family vs. spending time with them.  I have decided that I would take the past six months to make money on cryptos - and carry this on for another six months.  Why?  Because the gains of investing my time and money in crypto will likely be worth the time I missed with them.  If I fail, then I go back to seeing them as often as I once did.  But obviously, I needed to make a tradeoff here.  Very many things we do in our lives come down to tradeoffs.

If all goes well, and if I make $300,000+ within the next six months on cryptos, then it will have been worth it.  In March, I was going to sell one of my houses for $110,000 and invest it in Bitcoin.  I did not.  What would have happened had I invested the $110,000?  I would have made $1.5 million in profits [minus capital gains tax].

Sometimes we make good decisions in life that turn out bad - sometimes we make bad decisions in life that turn out good.  I believe I have made a good decision with Bitcoin, but the fact remains, I can't be trading coins all day long and expect to be with my kids as much as I used to.

My new baby girl is only five months old, and she is only now just getting big enough for me to want to spend more time with her.  Keep in mind that very often, fathers are a bit uncomfortable around small babies - I'm not the only one who was worried I would crush my kids when they were babies.  She is bigger now, and I see her almost every day.  I love my kids, but I have child support, RESP payments, and bills OUT THE ASS.  To the point that I need to clear $5,000 a month just to be poor.  Has it been worth it?  Yes.  Do I wish I could do what I do, and have more time for my kids?  Yes, I do.  But every man who works overtime says that.

I love my kids. <3


Title: Re: I invested $3,000 in IOTA today.
Post by: Board_SHERIF on December 05, 2017, 07:06:12 PM
your IOTA profit is in real currency ? or in cyberworld ??


Title: Re: I invested $3,000 in IOTA today.
Post by: gib on December 05, 2017, 07:09:14 PM
Among my three children, 2/3 are in school full-time now, so there is not much I can do.  And obviously every dad struggles with making money for his family vs. spending time with them.  I have decided that I would take the past six months to make money on cryptos - and carry this on for another six months.  Why?  Because the gains of investing my time and money in crypto will likely be worth the time I missed with them.  If I fail, then I go back to seeing them as often as I once did.  But obviously, I needed to make a tradeoff here.  Very many things we do in our lives come down to tradeoffs.

If all goes well, and if I make $300,000+ within the next six months on cryptos, then it will have been worth it.  In March, I was going to sell one of my houses for $110,000 and invest it in Bitcoin.  I did not.  What would have happened had I invested the $110,000?  I would have made $1.5 million in profits [minus capital gains tax].

Sometimes we make good decisions in life that turn out bad - sometimes we make bad decisions in life that turn out good.  I believe I have made a good decision with Bitcoin, but the fact remains, I can't be trading coins all day long and expect to be with my kids as much as I used to.

My new baby girl is only five months old, and she is only now just getting big enough for me to want to spend more time with her.  Keep in mind that very often, fathers are a bit uncomfortable around small babies - I'm not the only one who was worried I would crush my kids when they were babies.  She is bigger now, and I see her almost every day.  I love my kids, but I have child support, RESP payments, and bills OUT THE ASS.  To the point that I need to clear $5,000 a month just to be poor.  Has it been worth it?  Yes.  Do I wish I could do what I do, and have more time for my kids?  Yes, I do.  But every man who works overtime says that.

I love my kids. <3

Lovely kids! Congrats!


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 05, 2017, 07:10:40 PM
your IOTA profit is in real currency ? or in cyberworld ??

Cyber-world, but they can be traded for cash pretty easily.  I am not clear on how to trade IOTA for cash, but I know how to trade IOTA for Bitcoin, which I in turn know how to trade for cash.  :)  So ultimately, it will not be an issue to get currency for my money, even if I have to do it in two steps.


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 05, 2017, 07:12:44 PM
Lovely kids! Congrats!

Thank you, good sir!


Title: Re: I invested $3,000 in IOTA today.
Post by: Board_SHERIF on December 05, 2017, 07:13:53 PM
Cyber-world, but they can be traded for cash pretty easily.  I am not clear on how to trade IOTA for cash, but I know how to trade IOTA for Bitcoin, which I in turn know how to trade for cash.  :)  So ultimately, it will not be an issue to get currency for my money, even if I have to do it in two steps.

I dont have the stomach/nerves for this sort of thing, I would be a nervous wreck.


Title: Re: I invested $3,000 in IOTA today.
Post by: NelsonMuntz on December 05, 2017, 07:19:46 PM
Among my three children, 2/3 are in school full-time now, so there is not much I can do.  And obviously every dad struggles with making money for his family vs. spending time with them.  I have decided that I would take the past six months to make money on cryptos - and carry this on for another six months.  Why?  Because the gains of investing my time and money in crypto will likely be worth the time I missed with them.  If I fail, then I go back to seeing them as often as I once did.  But obviously, I needed to make a tradeoff here.  Very many things we do in our lives come down to tradeoffs.

If all goes well, and if I make $300,000+ within the next six months on cryptos, then it will have been worth it.  In March, I was going to sell one of my houses for $110,000 and invest it in Bitcoin.  I did not.  What would have happened had I invested the $110,000?  I would have made $1.5 million in profits [minus capital gains tax].

Sometimes we make good decisions in life that turn out bad - sometimes we make bad decisions in life that turn out good.  I believe I have made a good decision with Bitcoin, but the fact remains, I can't be trading coins all day long and expect to be with my kids as much as I used to.

My new baby girl is only five months old, and she is only now just getting big enough for me to want to spend more time with her.  Keep in mind that very often, fathers are a bit uncomfortable around small babies - I'm not the only one who was worried I would crush my kids when they were babies.  She is bigger now, and I see her almost every day.  I love my kids, but I have child support, RESP payments, and bills OUT THE ASS.  To the point that I need to clear $5,000 a month just to be poor.  Has it been worth it?  Yes.  Do I wish I could do what I do, and have more time for my kids?  Yes, I do.  But every man who works overtime says that.

I love my kids. <3

I assume you are all reading the Arm Gaining Contests thread on your tablets in that pic?

http://www.youtube.com/watch?v=B0B_ekSrsEk


Title: Re: I invested $3,000 in IOTA today.
Post by: Slapper on December 05, 2017, 07:37:25 PM
Got to bitfinex and open an account.

Get verified

Put funds in

Buy IOTA

Simple.

bitfinex  is no longer accepting US clients.


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 05, 2017, 08:10:02 PM
I don't care one iota.

 ;D

I dont have the stomach/nerves for this sort of thing, I would be a nervous wreck.

How much are you willing to LOSE?  For me, the number would be $60,000 for sure - but I could double that.  If I sell one of my townhouses, I can put it in a broad basket of coins, and I am confident that I can turn $100,000 into a million in 2018.  Yes, a crash/correction will come, but not for a while yet.

I would say, if you are willing to LOSE $1,000, then invest it.  If you lose, you lose.  If the money doubles, pull out your $1,000 and just intelligently play with your earnings.  At least if you lose at that point, you wouldn't be losing your capital, but rather - your interest.  I am confident that the crypto market - currently valued at $350 billion - will be worth 10x that much by 2030. $3.5 trillion is only 5% of the current world GDP.  Is it really unrealistic to think that cryptocurrencies will be worth 5% of the GDP?  I have no doubt that will happen.  My question is - will cryptocurrency be worth 50% of the GDP?  :o

That much, I would be less certain of.


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 05, 2017, 08:17:46 PM
bitfinex  is no longer accepting US clients.
binance


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 05, 2017, 08:19:21 PM
Matt, thanks to you I got in on some IOTA action. Just wish I knew about it sooner, like 6 months ago. But this is ok for now. Bitcoin is still going up as well!


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 05, 2017, 08:21:12 PM
Cyber-world, but they can be traded for cash pretty easily.  I am not clear on how to trade IOTA for cash, but I know how to trade IOTA for Bitcoin, which I in turn know how to trade for cash.  :)  So ultimately, it will not be an issue to get currency for my money, even if I have to do it in two steps.
You would trade IOTA with BTC or ETH, and then send the BTC or ETH where you can cash it out.


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 05, 2017, 08:22:49 PM
Microsoft is backing IOTA - so that gives it some legitimacy for sure!


Title: Re: I invested $3,000 in IOTA today.
Post by: SOMEPARTS on December 05, 2017, 08:28:06 PM
;D

How much are you willing to LOSE?    :o




Did you sell Amway in the 90s?


Title: Re: I invested $3,000 in IOTA today.
Post by: el numero uno on December 05, 2017, 08:28:38 PM
;D

How much are you willing to LOSE?  For me, the number would be $60,000 for sure - but I could double that.  If I sell one of my townhouses, I can put it in a broad basket of coins, and I am confident that I can turn $100,000 into a million in 2018.  Yes, a crash/correction will come, but not for a while yet.

I would say, if you are willing to LOSE $1,000, then invest it.  If you lose, you lose.  If the money doubles, pull out your $1,000 and just intelligently play with your earnings.  At least if you lose at that point, you wouldn't be losing your capital, but rather - your interest.  I am confident that the crypto market - currently valued at $350 billion - will be worth 10x that much by 2030. $3.5 trillion is only 5% of the current world GDP.  Is it really unrealistic to think that cryptocurrencies will be worth 5% of the GDP?  I have no doubt that will happen.  My question is - will cryptocurrency be worth 50% of the GDP?  :o

That much, I would be less certain of.


Hahaha that is called chinese math.  ::)

I mean, why 5%? It's such an arbitrary number.



http://www.businessinsider.com/case-study-how-niching-down-helped-paige-nearly-double-her-number-of-clients-2011-9

In Silicon Valley, there is a funny phrase called ďChinese Math,Ē a derogatory term for clueless first-time entrepreneurs who estimate their market size by using examples like this:

Iím going to sell custom handbags to women in China.
There are about 1 billion people in China, so 500 million women. Letís say 250 million adult women.
If I can sell to just 1% of them, thatís 2,500,000.
And if I can make $30 per bag, thatís $75 million.
Iím going to be rich!

YeahÖit doesnít work that way.


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 05, 2017, 08:50:44 PM
Matt, thanks to you I got in on some IOTA action. Just wish I knew about it sooner, like 6 months ago. But this is ok for now. Bitcoin is still going up as well!

It worked for me, so I can't complain!!

I have been posting on Facebook about IOTA for months, haha.  Each post is like "I am confident in IOTA, but haven't gotten around to buying any yet.."

And during that time, it held pretty steady at under a dollar.  Finally, late last week, I said "Enough already!  Time to buy!". And it immediately DOUBLED, then DOUBLED again, LOL.

I got in on time, but had I just invested two weeks ago, I could have put in $25,000 and had $100,000 by now.  I do intend to get $25,000 invested quickly, but I need to transfer the money fast.  That could take days, and each passing day, IOTA goes up higher and higher.


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 05, 2017, 09:00:10 PM

Hahaha that is called chinese math.  ::)

I mean, why 5%? It's such an arbitrary number.



http://www.businessinsider.com/case-study-how-niching-down-helped-paige-nearly-double-her-number-of-clients-2011-9

In Silicon Valley, there is a funny phrase called ďChinese Math,Ē a derogatory term for clueless first-time entrepreneurs who estimate their market size by using examples like this:

Iím going to sell custom handbags to women in China.
There are about 1 billion people in China, so 500 million women. Letís say 250 million adult women.
If I can sell to just 1% of them, thatís 2,500,000.
And if I can make $30 per bag, thatís $75 million.
Iím going to be rich!

YeahÖit doesnít work that way.

Huh?  How is that Chinese example bad?  If there is data backing that, such as the number of women in China who buy handbags, that could easily be accurate math.

Global Black markets are AT LEAST 10% of the world GDP.  Given that cryptocurrencies are outside of the control of centrally planned governments that are currently collapsing fiat currencies worldwide, there is going to be a massive amount of adoption in cryptocurrencies.  It is impossible for anyone to control these cryptos by their very design, so you can't get shit happening like bailouts of failing Banks, and the use of these dollars to fund illegal wars like the one in Iraq, and the one that Zionist Jews wanted in Iran, but failed at getting.

Etc.

As people's confidence in world governments fail, and as Whites get tired of funding their own displacement, more and more of them will buy cryptocoins, and they will continue to increase.  The reality is, cryptocurrencies by their very design are outside of government control.  As people realize how much more efficient they are than dollars, and that they can skirt paying their taxes, more people will use them.  Governments won't be able to do shit, and encrypted coins will grow massively.

To say cryptos will be 5% of the global GDP in 10-20 years is a massive underestimate IMO.


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 05, 2017, 09:12:31 PM
It worked for me, so I can't complain!!

I have been posting on Facebook about IOTA for months, haha.  Each post is like "I am confident in IOTA, but haven't gotten around to buying any yet.."

And during that time, it held pretty steady at under a dollar.  Finally, late last week, I said "Enough already!  Time to buy!". And it immediately DOUBLED, then DOUBLED again, LOL.

I got in on time, but had I just invested two weeks ago, I could have put in $25,000 and had $100,000 by now.  I do intend to get $25,000 invested quickly, but I need to transfer the money fast.  That could take days, and each passing day, IOTA goes up higher and higher.
Yes, that is the problem. Getting the money there before it blows up.


Title: Re: I invested $3,000 in IOTA today.
Post by: NelsonMuntz on December 05, 2017, 09:20:39 PM
Matt I predict will probably become GetBig's first Multi-Billionaire.

Sadly he will spend it all on child support after he knocks up every single unemployed twenty-something mom in the Greater Thunder Bay region


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 05, 2017, 09:22:34 PM
Matt I predict will probably become GetBig's first Multi-Billionaire.

Sadly he will spend it all on child support after he knocks up every single unemployed twenty-something mom in the Greater Thunder Bay region
World needs a lot more white people. Go for it Matt. Use crypto currencies to repopulate the world with white people!


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 05, 2017, 09:54:32 PM
Matt I predict will probably become GetBig's first Multi-Billionaire.

Sadly he will spend it all on child support after he knocks up every single unemployed twenty-something mom in the Greater Thunder Bay region

LOL!!!!!!!!!

HAHAHAHAHA.

Oh man.  I know you post that as a joke, and that's why I laughed.  It's up in the air whether or not I will have another baby with the second mother, who I just had my third child with.

But it turns out she has a PSW friend who is 25 and has had bad luck with decent men.  So she just wants to have a baby now while she is still young.  She asked the mother of my baby if she could have one with me, and she was cool with it.  That way their kids would be siblings, and it would increase the bond they have as friends or whatever.  There would also be mutual babysitting opportunities, stuff like that.

Incidentally, the way I am reproducing and much more closely related to the way that human males reproduced historically - 1 out of 2 men would have 0 children.  The other 1 out of 2 would have 2 children.

So half the males repopulated the planet.  The genes of the unsuccessful males died off.

The difference today is that anyone can employ the historical standard - literally the dumbest people are having the most children, and we have reverse eugenics going on - dysgenics - where the dumbest people reproduce themselves.

With an IQ of 130, a university degree, good metabolism, good level of fitness, etc, the way I see it - why shouldn't I have a lot of kids?  And I love being a dad.  Yes, this past year, I spent less time with them than ever - but I also made more money than ever before.

Like I said, it's a trade-off.

The problem is, one more mom right away is another $1,000+ in child support right away.  I would have $4,000 a month cash JUST going to the moms of my children + their RESPs.  That wouldn't even include what I spend on them.  And so I would have to have cocombined t $100,000 years while still not getting far ahead.  After taxes and payments to the moms, I would be screwed.

Also, while the baby's mom lives FIVE HOUSES away from me, this new mom is from Fort William, whereas I live in Port Arthur.  They used to be two separate cities, but they were combined in 1969 [I believe].  So that would be a long drive to see the new baby.  So that part sucks.  The mother of my first two lives about five minutes driving from me - 2.5 minutes if I drive a week bit past the speed limit.  The five minute figure is a nice leisurely drive down the slow way, for a nice slow ride.

Love my kids and love my life, but I would need to make $300,000 on Bitcoin and other coins in 2018.  If I do so, I will have two more kids ASAP.


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 05, 2017, 10:33:52 PM
Here is why IOTA is awesome. It offers much more than Bitcoin. Zero transaction fees for a start, faster transactions, and no need to rewrite code for different platforms to accommodate it - as is required for Bitcoin.

I do think this thing is going to take off!

https://steemit.com/cryptocurrency/@nateq/better-than-bitcoin-or-terrible-flop (https://steemit.com/cryptocurrency/@nateq/better-than-bitcoin-or-terrible-flop)

IOTA is free to transact!

IOTA is the very first Cryptocurrency with 100% FREE transaction fees.

How can it be free to transact, you might ask?

IOTA transactions are fundamentally verified differently. While BitCoin is verified through the snail mail Block Chain involving other people graciously lending processing power and electricity, IOTA is verified when you actually make transactions yourself through the processing power of the Tangle. When you transact IOTA, your processing power gets used by the Tangle and you verify 2 transactions behind you. So for every one transaction you make, two behind you are verified with YOUR processing power and electricity. (Brilliant.)

This is fundamentally awesome. Each user personally pays the cost and processing power for other transactions, making it free to use and cutting all middle man costs. The data needed to make this happen securely is much smaller than through BTC, making it faster and more lightweight.


Title: Re: I invested $3,000 in IOTA today.
Post by: SOMEPARTS on December 05, 2017, 11:40:17 PM
What's scary is to see people bragging about crypto gains on a bodybuilding board. Didn't there used to be a gold seller on here at one time? Haha.


EDIT:

Name:    24KT
Posts:    24470 (5.028 per day)
Position:    Getbig V
Date Registered:    August 08, 2004, 07:20:56 PM
Last Active:    April 27, 2015, 11:35:03 PM


Where did this poster go?


Title: Re: I invested $3,000 in IOTA today.
Post by: Zillotch on December 05, 2017, 11:43:46 PM
What's scary is to see people bragging about crypto gains on a bodybuilding board.

some people really r foolish, needy attention whores, lol


Title: Re: I invested $3,000 in IOTA today.
Post by: Zillotch on December 05, 2017, 11:46:39 PM
btw, Matt.... way to go, making white people like that... keep it up.


Title: Re: I invested $3,000 in IOTA today.
Post by: Bindare_Dundat on December 06, 2017, 02:53:20 AM
On Friday, I gave a friend $1,000 to get me some IOTA - knowing it would go to up, I told him I would give him 10% for his time, since I had plans to be with the kids this weekend.

IOTA then slowly started to rise...it was $1.20 on Friday, going up to $1.45 by the time of the Overeem fight yesterday.  Then Sunday morning it hit $1.78.  I was very upset that my friend happened to get sick, so he hadn't invested my $1,000 yet.

So I texted another friend who had previously bought IOTA and e-transfered him $3,000 just now.

I do expect IOTA to hit $7 or more.  It could even hit $40.  I hope I can figure out how to buy some myself.  If so, I would like to invest $10,000 or more.

Last year, $14,000 in ETHEREUM is now worth $1 million.  So I am confident about IOTA.  I do think an investment of $10,000 will hit $250,000 or more.

should have bought cannabis stock a while back, something like aurora. would have done well.


Title: Re: I invested $3,000 in IOTA today.
Post by: rocket on December 07, 2017, 05:53:20 AM
Matt

Beware staying in IOTA whilst BTC is so strong - I hope your buddy can move your funds around a little. 

IOTA is something that they might hit if BTC goes a bit dull, it's very bad to be in IOTA whilst BTC is smashing up so hard.


Title: Re: I invested $3,000 in IOTA today.
Post by: Eulogy on December 07, 2017, 02:21:20 PM
Matt,

How would I go about investing in IOTA as a Canadian? Any other suggestions for small investments?


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 07, 2017, 03:11:36 PM
Matt

Beware staying in IOTA whilst BTC is so strong - I hope your buddy can move your funds around a little.  

IOTA is something that they might hit if BTC goes a bit dull, it's very bad to be in IOTA whilst BTC is smashing up so hard.
I had BTC left over which I traded in for more IOTA this morning when it was down at the bottom. Since then IOTA has gone up again. Matt should hold on to his IOTA if he got it for a good price - around $3 or under. You never know when the BTC gravy train is going to pull back and remember you are now buying BTC at 17,000+. If it goes to $20,000 that is a 17% gain. If IOTA goes from $4 to 7 or 8 you are looking at a much bigger gain. IOTA is being held back at the moment because it is hard for people to buy it. Bitcoin can be bought anywhere. Bitcoin was once where IOTA was. I would stay put and remember Mark Cuban's advice - go in with the assumption that you have already lost your money.

Right now I have made about $2000 profit since buying IOTA and a few other currencies the past two weeks. I keep track of all my purchases and coin portfolio in a spreadsheet so I know I am not pissing away money - yet lol! My profit could have been $10,000 or more as we speak if I had bought different coins but you gotta look at this long term and greed will fuck you up!

People should really be snapping up all these currencies when they are cents on the dollar and just sit on them.


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 07, 2017, 03:26:02 PM
Matt,

How would I go about investing in IOTA as a Canadian? Any other suggestions for small investments?
Get a Coinbase account. Buy ETH, BTC or LTC with it directly from your checking account or a credit card. Credit card purchase amount limits are less than checking so for bigger purchases you'll want to buy with cash directly from your checking account.

The coins will take a few days to arrive in your Coinbase account. So the longer you wait the longer it is going to take.

Get a Binance account. Once you have ETH / BTC / LTC on Coinbase you can request a deposit from your Binance account. An ETH / BTC / LTC address will be created on Binance (depends which coin deposit you are requesting). You then go on Coinbase and choose to send ETH / BTC / LTC to an address and paste the one you got from Binance. A SMS will be sent from Coinbase to your cell phone with a code which you need to provide on Coinbase.

Once this is done the coins are on their way to Binance.

Ethereum (ETH) and Litecoin (LTC) transactions go through faster than Bitcoin (BTC). So in a few minutes or 1 hour in Bitcoin's case you'll have the coins on Binance in your account. From there you go to the Exchange on Binance and there you can sell BTC and ETH for IOTA.

Sometimes your order will not go through if your buy price is too low and nobody accepts it (software controls all this). The order will just stay open and unfilled. You can then cancel the order and try to buy again. The order will be cancelled immediately. This should not happen very often though. Most of the times you order will go through immediately. You can buy at Market Price for a guaranteed purchase but will pay more. Don't do that unless desperate!

This is the way to convert ETH or BTC to IOTA. You cannot convert LTC directly to IOTA on the Exchange. You first want to sell your LTC for BTC. Then you can sell the BTC to get IOTA. You can however sell ETH for IOTA on the Exchange.


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 07, 2017, 03:32:35 PM
Shapeshift is a great, cheap way to shift ETH or BTC to another currency. No account required. Works great so far for me.

https://shapeshift.io/#/coins


Title: Re: I invested $3,000 in IOTA today.
Post by: Eulogy on December 07, 2017, 04:48:04 PM


Hey Obsidian,

I really appreciate you taking the time to write this out for me. I'm registering now. I don't have a lot of funds to play with - only around $1000 CAD - but figure it couldn't hurt to try.

Merry Christmas by the way.


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 07, 2017, 06:14:06 PM
Hey Obsidian,

I really appreciate you taking the time to write this out for me. I'm registering now. I don't have a lot of funds to play with - only around $1000 CAD - but figure it couldn't hurt to try.

Merry Christmas by the way.
No problem buddy. Good luck and Merry Xmas!


Title: Re: I invested $3,000 in IOTA today.
Post by: luckyone on December 07, 2017, 09:08:15 PM
If you buy IOTA where are you keeping it. In an account on Binance or in a hardware wallet?


Title: Re: I invested $3,000 in IOTA today.
Post by: Wiggs on December 08, 2017, 02:57:45 PM
If you buy IOTA where are you keeping it. In an account on Binance or in a hardware wallet?

Never keep your crypto in an exchange wallet.


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 08, 2017, 06:34:55 PM
If you buy IOTA where are you keeping it. In an account on Binance or in a hardware wallet?
Right now there are not any great IOTA wallets available. I have mine still on Binance. Hopefully a good option becomes available. I use Google Auth with my Binance account for extra security. Just a password is not good enough.


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 08, 2017, 06:37:37 PM
Never keep your crypto in an exchange wallet.
Good advice Wiggs! But with IOTA be careful.

https://forum.iota.org/t/help-iota-disappeared/4298/53

"For technical noobs itís just too early, they should store the iotas on exchanges. The experiencend users should store them in the wallet."


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 08, 2017, 06:38:28 PM
IOTA back at 5! Let's go, I wanna see 100 and beyond!!


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 08, 2017, 07:16:46 PM
Lots of questions here -

I used CoinSquare.io to acquire the IOTA.  I am just looking to hold the coins from now on, and get more ASAP.  They are already more than double what they cost when I picked them up.


Title: Re: I invested $3,000 in IOTA today.
Post by: Slapper on December 08, 2017, 08:11:25 PM
Anybody know how to use the paper wallet?


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 08, 2017, 11:27:27 PM
I have been posting about Bitcoin since January of 2016, and I am bombarded, on a daily basis, with questions about it.

Up until IOTA, I only ever got involved with Bitcoin and Ethereum - and I called them right.  Now I am calling IOTA, and I invested at $2.40.  Early today, IOTA was just under $5.  I had $5,000 invested, but it should be worth over $10,000 now.

I want to learn the other coins, but it takes time.  I cannot possibly respond to all the questions about Bitcoin and IOTA, on both Facebook and Getbig.

I feel horrible for not getting to some peoples questions.  My friend wanted to buy Bitcoin at $9,700 CAD.  They are now $20,700 CAD!

I hope no one on here relies on me to answer questions on Bitcoin, Ethereum, or any Alt Coins.  Unfortunately, with three kids, and a bunch of coin management of my own, I just do not have the time. :(

My advice is to get an account with Bitfinex asap, for non US Getbiggers at least, as I am not sure if it is available in the USA.  Beyond that, I would recommend monitoring trends on www.CoinMarketCap.com.  Hard to say what else to do...watch lot of YouTube videos, and I would recommend investing in IOTA, since it will go way, way up IMO.  Bitcoin may yet reach $50,0000 or $100,000 before the crash...I do think a correction is needed, but it is hard to say when that will be.


Title: Re: I invested $3,000 in IOTA today.
Post by: Earl1972 on December 09, 2017, 09:54:38 AM
what do you think if Litecoin, matt?

E


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 09, 2017, 07:46:23 PM
what do you think if Litecoin, matt?

E

It is #6 by market cap at $7.3 billion, and had a mini-crash yesterday - it went down 7%.  It costs $135 to buy a unit, so I would recommend getting in on something that has a smaller market cap and smaller unit price, that has the potential to go up 10x or even 40x.  Hence my interest in Ethereum.

Remember Earl - we are only on the crest of something HUGE here with these coins.  "Normies" have not yet invested in these coins, so there is lots of time before the massive inevitable crash.  Anyone with $10,000 can turn that into $50,000+ easily.  Consider that I invested $5,000 to over $10,000 just in the past five days with IOTA.  I would have invested more, but I could only transfer and buy so much at a time.  I will be buying another $5,000 ASAP.


Title: Re: I invested $3,000 in IOTA today.
Post by: rocket on December 11, 2017, 02:42:32 AM
I think that would be the wrong decision.

The hope for IOTA is already priced in.  Yes, it may go further, but you would face some testing times in the future if you buy in NOW - it has been static for quite some time.  It needs some news to come through to pump it again.  If I were you, I would take possession of your IOTA and take the profit and get 5k of BTC and do whatever you like with the other 5k.  The trend with iota is roughly resembling a wave oscillating with decreasing amplitude.  Generally, when that happens, it will get to the flat and the either go up or down and that, my friend, is a straight up gamble.

Take the money.  Lock it into BTC.  You want some stake in the coin that has the public's attention and right now, your normies are starting to get involved.

(And no, that doesn't mean when you ignore me and put 5k in and it DOES go up, you're right ;D.. it's still a gamble)

(http://i65.tinypic.com/wa0kmp.jpg)



Title: Re: I invested $3,000 in IOTA today.
Post by: rocket on December 11, 2017, 02:56:28 AM
Oh

And move your holdings across multiple wallets and sites

OR get a hardware wallet.

Don't be a chump with all your money on one exchange.  Hacks have happened and will again.

I mean.. the very exchange you're talking about was pwned.


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 13, 2017, 02:26:55 PM
It is #6 by market cap at $7.3 billion, and had a mini-crash yesterday - it went down 7%.  It costs $135 to buy a unit, so I would recommend getting in on something that has a smaller market cap and smaller unit price, that has the potential to go up 10x or even 40x.  Hence my interest in Ethereum.

Remember Earl - we are only on the crest of something HUGE here with these coins.  "Normies" have not yet invested in these coins, so there is lots of time before the massive inevitable crash.  Anyone with $10,000 can turn that into $50,000+ easily.  Consider that I invested $5,000 to over $10,000 just in the past five days with IOTA.  I would have invested more, but I could only transfer and buy so much at a time.  I will be buying another $5,000 ASAP.
Did you buy more IOTA? Seems like it was a pump and dump done by the Koreans. There are some issues with IOTA that needs to be resolved. I got excited about it initially when the price was going up but now uncertain after reading up more about it. Ripple has gone up nicely and so has Ethereum and Litecoin.

https://cointelegraph.com/news/iota-clarifies-misleading-microsoft-quote-no-official-partnership

- The developers have written their own hash, which is a big no no when it comes to kryptos

- There is no decentralized product

- The tangle technology isn't new and the big problem with it is to get it decentralized

- Poor wallet

- 6h+ Transactions Time


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 14, 2017, 12:32:21 AM
Did you buy more IOTA? Seems like it was a pump and dump done by the Koreans. There are some issues with IOTA that needs to be resolved. I got excited about it initially when the price was going up but now uncertain after reading up more about it. Ripple has gone up nicely and so has Ethereum and Litecoin.

https://cointelegraph.com/news/iota-clarifies-misleading-microsoft-quote-no-official-partnership

- The developers have written their own hash, which is a big no no when it comes to kryptos

- There is no decentralized product

- The tangle technology isn't new and the big problem with it is to get it decentralized

- Poor wallet

- 6h+ Transactions Time

My investment has doubled.  Can I cash out now and move on to another coin?


Title: Re: I invested $3,000 in IOTA today.
Post by: rocket on December 14, 2017, 01:48:08 AM
My investment has doubled.  Can I cash out now and move on to another coin?

Yes, of course.


Title: Re: I invested $3,000 in IOTA today.
Post by: rocket on December 14, 2017, 01:55:18 AM
My analysis
(http://i65.tinypic.com/wa0kmp.jpg)

Current state.
(http://i68.tinypic.com/347tnvo.jpg)

Analysis like this only works when there is stagnancy, though.  If there is news, this formation would be disturbed.

(I'm no cryptocurrency expert - I just traded forex for about 6 months and that is a fairly common pattern to spot).


Title: Re: I invested $3,000 in IOTA today.
Post by: Matt on December 14, 2017, 02:06:31 AM
My analysis
(http://i65.tinypic.com/wa0kmp.jpg)

Current state.
(http://i68.tinypic.com/347tnvo.jpg)

Analysis like this only works when there is stagnancy, though.  If there is news, this formation would be disturbed.

(I'm no cryptocurrency expert - I just traded forex for about 6 months and that is a fairly common pattern to spot).

Ok, I'm done.  Cashing out asap.


Title: Re: I invested $3,000 in IOTA today.
Post by: Da Freak on December 14, 2017, 02:19:25 AM
IOTA back at 5! Let's go, I wanna see 100 and beyond!!

haha! not going to happen. predicting a high of $20 at the end of 2018 at most. am just going to HODL until then.

for the rest, invest only what you can afford to lose. do not try to be a superhero when it comes to cryptos. dont be that fool thats getting a second mortgage on his house to buy some Bitcoin.


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 14, 2017, 02:34:38 AM
My investment has doubled.  Can I cash out now and move on to another coin?
Sure. I am holding on to mine - price is still higher than what I paid for it. If it goes below what I paid I will also not sell. Like Mark Cuban said, you have to go in as if you have already lost the money. Panic selling is not a good idea. That's how a lot of guys lost their Bitcoin only to regret it later.

I did snap up some Ripple as I can see the price is going up. I also have some Ethereum so my profits are still pretty good.

Here's a forum discussing IOTA. They are working with Microsoft and a few other companies. Once they come out with a good wallet and start trading on more exchanges the currency will increase in value. The also need more nodes apparently to handle transactions. We'll see how it goes. Ripple has been very impressive the past two days!

https://bitcointalk.org/index.php?topic=1216479.12960


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 14, 2017, 02:36:01 AM
haha! not going to happen. predicting a high of $20 at the end of 2018 at most. am just going to HODL until then.

for the rest, invest only what you can afford to lose. do not try to be a superhero when it comes to cryptos. dont be that fool thats getting a second mortgage on his house to buy some Bitcoin.
Yes we'll see. Look what just happened to LTC. A few weeks ago it was at $70 and now look!


Title: Re: I invested $3,000 in IOTA today.
Post by: rocket on December 15, 2017, 02:09:01 AM
Panic selling is not a good idea.

What you're describing is not panic selling.

Panic selling is more the process of seeing a bad candle/bad dive and jumping out, taking a huge loss.  Being a contributor to a runaway train effect that causes a huge decrease in price.

It isn't panic selling to acknowledge that the currency is showing no signs of recovering where you would like, after days/weeks  and that clearly, you bought at the wrong time. 

Pulling out is a challenge.  Holding is easy.  Anybody can hold on, hoping that they were not wrong. 

If there were no chumps piling in at the wrong time, there wouldn't be so much money in trading.   I foolishly jumped in on POWR late into the game and lost a decent chunk (although it should be said that for a brief moment, mere hours later, I was a good 20% up ::)). That money would still be doing nothing, like 2-3 weeks later if I held.  Instead, it has been replenished because I did the right thing and got out, resolving not to buy into an already priced in move.  Mark Cuban is not talking about taking a 20% haircut and refusing to admit that it's the case, whilst BTC and a ton of other currencies have gone up over 20% during that time.

This is just an opinion, of course - but POWR was a lot like IOTA in that it came in, soared and then got dumped. 

You didn't buy IOTA to wait weeks to get your money back.


Title: Re: I invested $3,000 in IOTA today.
Post by: Mayday on December 15, 2017, 02:54:00 AM
hey rocket, Powr is invested in by the AU Govt and AU universities. we an energy country and they plan to use it in the energy sector. this might also mean international payments for resources.

today's carnage is just the dump after the pump. frankly im surprised at how well prices are holding up. plenty are in now to hold for fhe real gains.

i still see ETH over 10k next year.


Title: Re: I invested $3,000 in IOTA today.
Post by: rocket on December 15, 2017, 05:08:26 PM
hey rocket, Powr is invested in by the AU Govt and AU universities. we an energy country and they plan to use it in the energy sector. this might also mean international payments for resources.

today's carnage is just the dump after the pump. frankly im surprised at how well prices are holding up. plenty are in now to hold for fhe real gains.

i still see ETH over 10k next year.

Bitcoin probably needs to die to push ETH up.  It really should happen, but yeah, not holding my breath.


Title: Re: I invested $3,000 in IOTA today.
Post by: robcguns on December 15, 2017, 05:33:04 PM
hey rocket, Powr is invested in by the AU Govt and AU universities. we an energy country and they plan to use it in the energy sector. this might also mean international payments for resources.

today's carnage is just the dump after the pump. frankly im surprised at how well prices are holding up. plenty are in now to hold for fhe real gains.

i still see ETH over 10k next year.

I agree on ETH being over 10k next year.


Title: Re: I invested $3,000 in IOTA today.
Post by: ratherbebig on December 15, 2017, 05:46:29 PM
eth will be over 10 dollars next year
no doubt


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 19, 2017, 10:17:05 AM


You didn't buy IOTA to wait weeks to get your money back.
Sure I did! Remember how long it took the patient Bitcoin holders before they got their money back? I am not looking to make a quick buck here. I really think this coin is going up a lot more. Right now it is back over $5. I ignored all the FUD on the forums and blogs - they were trying to bring down the price so they could buy in low.


Title: Re: I invested $3,000 in IOTA today.
Post by: obsidian on December 19, 2017, 10:18:32 AM
IOTA Blockchain Solutions Recognized by the Deutsche Bank
http://ethereumworldnews.com/iota-blockchain-solutions-recognized-deutsche-bank/


Title: Re: I invested $3,000 in IOTA today.
Post by: Mayday on December 19, 2017, 02:39:28 PM
IOTA Blockchain Solutions Recognized by the Deutsche Bank
http://ethereumworldnews.com/iota-blockchain-solutions-recognized-deutsche-bank/

Meanwhile the Ethereum Enterprise Alliance has grown from 30 major global banks to 89 major global banks in 2 months.

It is unwise to bet against JPM. They always wind up winning. JPM are joint owners in ZCASH so that is a wise bet to.