SamuelBRoberts said:Transsimian said:Bitfinex have been delaying withdrawals for a lot of people. Could this be a sign of insolvency?
I'm holding out on buying more until a bigger exchange offers it.
I would stay the hell out of Bitfinex if at all posssible. Its reputation is atrocious. People bitch about Coinbase, and with good reason, but Bitfinex's problems are on a whole other level.
For what it's worth, no serious trader I know uses Tether either, we're all terrified of the stuff.
SamuelBRoberts said:IOTA's not a bad project, but it has a lot of problems, and there are lots of potential opportunities out there for people that will offer more money in both the short and long term.
It's not necessarily a bad investment but I don't know that it's a good buy for your first entry into Crypto.
If you are a beginner I would avoid investing in IOTA until you've compared it to the following currencies:
OMG, MCO, MTL, ETH, LTC, GNT, EOS, QTUM, NEO.
Not necessarily because any of these are super-great buys that will make you rich, but because you really shouldn't be spending any money on alts until you at least know these names and what they do.
Its field of application is set in the IoT, as the technology for data integrity and industrial appliances. Furthermore pay on demand, micro-payments, and machine to machine communication like sensor technology, smart cities, adaptive systems etc.
As a settlement layer, it aims for interoperability between many existing systems.
It is quite evident, that Bitcoin and nearly all other cryptocurrencies weren’t made to function as such. Considering hundreds of thousands of nano-payments each day in the near future, these Blockchains would generate an enormous amount of fees, just for conducting transactions, while costs of these nano-payments oftentimes undermatch the fees.
Therefore, it is indispensable to use a secure, fee-free system, which IOTA is. This technology, therefore, is a novum.
The underlying technology, the Tangle, is a third-generation Blockchain-technology, based on a directed acyclic graph, made for the problems of tomorrow.
Genghis Khan said:A lot of these applications can become useless the moment a coalition of the largest electric companies, such as Panasonic, GE, Philips, decide on a set of interoperable standards which doesn't include IOTA. It's reminiscent of the entire VCR/Betamax or Blueray/HD rivalry.
SamuelBRoberts said:Since I already called out the GNT thread I should probably do this here.
IOTA is the worst coin in its marketcap class. You could literally throw a dartboard at a list of cryptocurrencies and you'll hit one with better long term potential than IOTA. This doesn't mean you shouldn't buy it short-term on a technical analysis perspective, but do not just buy some at market price and hope it will go up. You will lose a lot of money.
semibaron said:IOTA is the best coin in its current market cap class as it is based on a new technology, which enables a lot of new use cases, all those blockchain based coins can never do.