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RE: Know Your Crypto #5 - IOTA

in #cryptocurrency7 years ago (edited)

the best part of iota as an investor , is simple mathematics.

IOTA wants to be back the bone of IOT. now in next 5 years IOT will encompass around 25 Billion devices handling upwards of 50 trillion gigabytes of data.
now if IOTA is able to capitalize even small part of this market the gains will be astronomical.
i am not throwing these numbers out of thin air. i did my own analysis when i purchased IOTA at 5 cents. below is the Forbes article.

https://www.forbes.com/sites/joemckendrick/2015/05/10/in-search-of-the-true-value-in-the-internet-of-things/#6e468b28135a

now baring this you need to focus on its scalability, the unit beeing sold is Million /mega IOTA (MIOTA) so you can understand that even 15 years from now when a Cruise ship docks in Mumbai dock it can be charged 5 MIOTA that could be worth $5000 and when my car passes a toll it can be charged 500 IOTA ( not MIOTA)

the tech needs to be looked upon as well ... its the only Currency to transfer 100 percent of value and it does not require miners to authenticate it. Tangle tech can make block chain tech outdated.

these were the solid reasons that led me to trust in IOTA ...

DISCLAIMER : i have purchased IOTA at 5 cents , 12 Cents , 42 cents and 79 cenr=ts ... so my opinion (although candid) could be biased.

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Very useful @punzee. Upvoted! And followed!

your welcome buddy ..jus playing my part to help others.
no fun in making money alone :)

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