IOTA #5 Marketcap

[XRPage]

I think it will if a major exchange adds IOTA. I was first resilient to create an account in bitfinex just to buy IOTA, good I did. I suppose many people didn't do so...

[Guest]

announcing something big right now would be a pretty cunning maneuver timing wise

[rdx]

Falling back a bit now, maybe because of the bitcoin drop that's coming (as it seems).

[XRPage]

today all market is a bit down. I think btc will still go up until 4,700 or 4,800.

[Nedkt]

4 hours ago, zerpdigger said:

next hour will be interesting...

it is so close now to popping one buck (unreal!), but i still think there'll be major resistance here

.91 on Bitfinex. Many alts down significantly and BTC is looking like a correction is about to hit. Don't think $1 is happening yet.

[Dennis]

15 hours ago, RLP18PharmD said:

This service change only concerns cash/Fiat deposits right?? We can still, for example, transfer Bitcoin or Ethereum to Bitfinex to exchange for IOTA…or is it any transactions for US customers??

Sounds like they are pulling out the US entirely, fiat and digital.

https://www.bitfinex.com/posts

(Emphasis added)

Quote

Service Changes for U.S. Customers (Amended as of August 12, 2017)

August 11, 2017

Bitfinex is making changes to the services we provide to U.S. individuals. These changes impact the verification process and trading of certain digital tokens for U.S. customers. Some changes are effective immediately, and others will be gradually implemented in the coming weeks.

Suspension of U.S. Individual Verification Requests

We regret to announce that, effective immediately, we will no longer be accepting verification requests for U.S. individuals.

We have for some time considered pulling away from the retail marketplace in the U.S., and now with a current backlog of verification requests and ongoing difficulties in providing USD deposit and withdrawals for U.S. individuals, we feel that the time has come to begin disengaging from U.S. retail customers.

Several factors have gone into this decision:

While we have been able to normalize banking for some corporate customers and individuals in certain jurisdictions, compliant banking solutions for U.S. individuals remain elusive. We have been slowly and selectively inviting users in particular jurisdictions who meet set criteria to start using banking channels that have come online. This process is ongoing.

A surprisingly small percentage of our revenues come from verified U.S. individual accounts while a dramatically outsized portion of our resources goes into servicing the needs of U.S. individuals, including support, legal and regulatory.

We anticipate the regulatory landscape to become even more challenging in the future.

Bitfinex is not based in the United States. Exchanges based in the U.S. are better positioned to properly service retail U.S. customers.

We are thankful to all of our loyal U.S. customers that have consistently traded with us but, unfortunately, we have an obligation to our whole customer base and to our shareholders to make rational resource allocation decisions.

Furthermore, over the next 90 days, we will be discontinuing services to our existing U.S. individual customers. We will be communicating further with affected users on timing and specifics. Our intention is to reduce disruption as much as possible for our U.S. customers.

We will continue to take advice and implement further changes as circumstances warrant.

Restrictions on U.S. Persons Trading Certain Digital Tokens

Bitfinex will be barring U.S. customers from trading ERC20 tokens issued through "ICOs." That ban will go into effect at noon UTC on Wednesday, August 16, 2017. No trading of these tokens will be allowed for U.S. customers as of that date and time. Please note that nothing in this announcement should be taken as fact or opinion that any such ERC20 tokens are a security pursuant to U.S. law or require regulation under U.S. law.

Once again, we regret any inconvenience this change in policy might create.

 

[Nedkt]

IOTA .85 on bitfinex and dropping....

[liodra]

Not entirely true. It's dropping in $ but still going up in BTC... So in a way it didn't stopped going up (to the moon)

[XRPage]

Relax. It can't go up all the time lol

[Nedkt]

Just now, AlvaroXRP said:

Relax. It can't go up all the time lol

To relax and ride it down is an opportunity loss.

[XRPage]

Just now, Nedkt said:

To relax and ride it down is an opportunity loss.

to not relax, try to sell in highs and buy in lows is bankrupt

[Ripled]

if XRP tokens are for Bank to Banks as IOTA are for Machine to Machine then it will be in the same interest to keep IOTA lowly priced

with the propaganda from them and announcements well staged to bring money to its whale investors and themselves the dumping it

and just making money off the system software implementation by chipped items and not the coin itself. XRP was similar in its intro.

I wonder if XRP could be used for M2M as well or will it hit a bottleneck? They could divide the PoW processes by using cached nodes

for separate zones in terms of different countries or states. Isolating local transactions will arise in faster approvals that act like

a primary cached group of nodes for each area and secondary cache for global network updates of transactions etc.

It would be easy to implement for Ripple now that Banks have proven it delivers what it promised unlike IOTA which is just Propaganda

atm with many updated wallets and lack and nasty communication for member with lost funds.

Edited August 16, 2017 by Ripled
correction to grammar and addition

[XRPage]

5 hours ago, Ripled said:

if XRP tokens are for Bank to Banks as IOTA are for Machine to Machine then it will be in the same interest to keep IOTA lowly priced

with the propaganda from them and announcements well staged to bring money to its whale investors and themselves the dumping it

and just making money off the system software implementation by chipped items and not the coin itself. XRP was similar in its intro.

I wonder if XRP could be used for M2M as well or will it hit a bottleneck? They could divide the PoW processes by using cached nodes

for separate zones in terms of different countries or states. Isolating local transactions will arise in faster approvals that act like

a primary cached group of nodes for each area and secondary cache for global network updates of transactions etc.

It would be easy to implement for Ripple now that Banks have proven it delivers what it promised unlike IOTA which is just Propaganda

atm with many updated wallets and lack and nasty communication for member with lost funds.

Remember that the price given for IOTA is in mega IOTAs ($0.91/MIOTA) so current price per IOTA is $0.00000091 so still can grow a lot keeping the price low. Also, there are only 2.8b MIOTA so the price will need to grow based on the expected demand.

[Guest]

i also like the fact that theyre trying to be "fair" with the distro as much as possible by using standard economics metrics to monitor iota wealth

a few issues during the private exchange launch but otherwise the distro has been pretty balanced and open

looks like i was right about it struggling with the one dollar barrier, but still has runway over the next few months

[cmbartley]

Conceptually Iota is very interesting. It's addressing a very different problem than XRP though.