Time to correct so I can get in!
I got stuck in a garbage coin while I watched IOTA eat through a monster sell wall at 13k and rocket to 30k. Now it's time for a breather and I'm hoping to get in after a 50% correction to 15k. Of course, IOTA is hot right now so this might be wishful thinking and as soon as it gets listed on Bittrex it's most definitely mooning and replacing XRP at the #4 spot. I'll be keeping my eye on it, but I'm thinking it'll correct very slowly through December to 15k. Do watch at 18k, as it could bounce there.
FUD for Thought:
1) The paltry supply cap can't run micro transactions or the IoT if you can't send decimals of IOTA, which AFAIK you can't, so this is going to be a very serious problem. I'm hoping they can simultaniously increase the supply and holdings in wallets without royally screwing up their image/brand and pissing everyone off. (Please comment if you know how they are dealing with this or if I just flat out got it wrong!)
2) It's currently centralized, but they claim it won't be sometime in 2018.
The rest of the tech is looking great and I'm bullish AF on this one as a long term hodl.
FUD for Thought:
1) The paltry supply cap can't run micro transactions or the IoT if you can't send decimals of IOTA, which AFAIK you can't, so this is going to be a very serious problem. I'm hoping they can simultaniously increase the supply and holdings in wallets without royally screwing up their image/brand and pissing everyone off. (Please comment if you know how they are dealing with this or if I just flat out got it wrong!)
2) It's currently centralized, but they claim it won't be sometime in 2018.
The rest of the tech is looking great and I'm bullish AF on this one as a long term hodl.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.