Consider the coordinator as a baby walker. Don’t make the mistake to compare a toddler with an adult. While the network is still very small, there is a specialised node that makes sure the tangle is protected from the 34% attack. One of the things I keep hearing about IOTA that it is “not decentralised”. My opinion on these opinions is that you should not listen to them. You hear a lot of opinions out there, whether a technology has potential and is better than XYZ. Only then you will be able to assess it’s potential. Read about the team, speak to the inventors. Take a week off and absorb everything you can about the tech at hand. If you do not understand the blockchain, IOTA’s tangle or any other technology, do not invest in it. Your belief in that asset can be easily shaken and your are susceptible to the madman’s opinions. If you do not understand what you are investing in, you are simply speculating. And for that reason, you have to know and understand its potential. There are more fundamental things that will decide the value of your investment long-term. I have been trading long enough to know that, as long as enough lemmings follow the same rules, the chart-reading sorcery will work to some extent. I am not a big fan of technical analysis and the related mumbo-jumbo. How?īe smart - know what you are investing in It is risky, but you can decrease the risk, improving your risk/reward ratio. So, if you are looking for astronomic return possibilities, look for game changers. Time will tell how much of them will moon or survive at all. All those shiny tokens are just single “players” on a new protocol. The “bank” always wins, remember? Same happens with Ethereum. Where would you invest: marketplace or a single seller? Bet on the marketplace. And another bunch of sellers with their own ICOs planning to work on the Amazon Marketplace. Imagine Amazon Marketplace was in its early days and had an ICO. Invest in new protocols - not altcoins copied from one another, replacing just a few variables. Not just another “fork” of bitcoin or another ERC20 token living on ethereum. No matter, how much you improve Bitcoin, it can never reach limitless scalability of a DAG (unless it switches to a DAG design).īet on disruptive innovation. Plans for specialised hardware for the IoT. No fees, extremely fast and limitless scalability. It is a tangle, a network, a directed acyclic graph or DAG. How? It doesn’t have one! It is not a linear chain. It solved all the limits of a blockchain. A much bigger leap forward than ethereum compared to bitcoin. I am not afraid to say that it’s the third generation of “blockchain”. It is is the elephant in the room that everyone tries hard to ignore. IOTA is about the same age right now as bitcoin was back then. A much lower ROI compared to the early-stage investment. Even if it happened, comparing with the current price, it would be “just” a 200-fold price increase. Now people are speculating about bitcoin mooning at one million dollars. You would have multiplied your investment almost 1000-fold. Five years later it’s scratching 100.000% return. No one, except the few who understood it and its potential, would bet on it. Take Bitcoin, for example: 2012 it still was an immature “beta” technology that was barely known beyond the geek circles. Once it becomes mainstream and more people realise its usefulness, the return becomes limited - proportional to the perceived risk. The more avant-garde the technology is, the higher the return. You get a discount for the risk you take, so to speak. But the return is highest the earlier you get in. Investing in a completely new technology is risky. You can consider this as my own guideline for investing in crypto and my argument for choosing IOTA. I also work on two projects related to IOTA. I am not working for the IOTA foundation, but have a substantial amount invested. Succumb to his pleas and he will make you miserable. Listen to him, and he will empty your bank account.
#Iota crypto news how to#
This madman has potential, yes, but you have to know how to handle him.
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