Sirin & IOTA - The end

in iota •  6 years ago 

sirin.png

One of the most unpredictable factors can be a company’s value.

Over the last month, we’ve heard about Facebook losing 150 billion dollars over 2 hours - An unimaginable number on any account. The commonly cited factor has been the disappointing earnings report, which indicated that in the face of overwhelming adoption of the platform - Facebook has been unable to monetize its user base to the expected level despite all the gathered information and the amazing amount of time spent on the social network - The ads are not working as well as they used to. As stated before, the income per western user of FB is not up to par, the expected income from Latin American and African users had to be revised lower, and access to the Chinese market is not expected to be given any time soon (Under the suspicion of US intelligence involvement within Facebook) and with local competition - Weibo already well established, same goes for Russia with VK.

How does it all relate to crypto / Blockchain?
With Facebook’s case, we can now see the limitations of the new data economy when it reaches its full potential with little more places to grow to, after a long way into its mature stage.

IOTA, whos chief selling point is an IoT driven data marketplace (Feared mainly for industrial use) had reported affiliations and partnerships with many industrial and financial giants. One of those expected partners is Sirin Labs, known for being the manufacturer of Blockchain phone, is the first to publicly end its relations with IOTA. That action had its vision made somewhat less glamorous in the eyes of investors. When we consider the fact that the platform is far from complete but still has an evaluation of almost 2 billion dollars in worth, all in a market whose size for IoT is around 100 billion, the market dominance is far from determined.

IOTA/BTC: 1H
iotaiota.png

With the Facebook case in mind,the risks of an immature system, potential competitors such as Ethereum expectations from the data economy decreasing, and Sirin announcing the end of a partnership, it suddenly becomes clear why IOTA is down to new yearly lows and still shows steep declines, will a new trend of realistic price expectations come to crypto? The same sobering realisation that affected facebook might hit crypto as well.

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OMG this is so funny!!!

ttttttt.PNG

close to -20%

Holy Sh**!!!!

Can be the right time to buy it...

Good luck with that....it's a free falling!
"Do not try to catch a falling knife!"

If you can wait....let's say 5 years so yea why not...

Dollar cost averaging. and some HODL can make these bets pay off. Heck I bought fannie mae and freddiemac after the crash in 08 knowing it was all gravy if it paid off...and it did. Handsomely.

LMFAO!
Well...I think we can defiantly tell that Messi kicked Iota out of the game (=

IOTA/BTC
The best part is- it can be worst!!! LOOOOOOOOOOL!!!

Twitter stock also lost about 25% of it’s value in late july, some social media carnage, is steemit next :) ?

Twitter has actually seen some user decline too, about 1 million of them

The entire market is overvalued a result of share buybacks and 0% interest rates all over the world for like 10 years now

I don’t know about entire market, but tech sector has definitely been hit recently, probably because of similar reasons to what the author suggests, reaching saturation and having to start monetizing clients / users, netflix is the same way from 420 to 350 $ a share

Amazon and Apple just continue up like it’s nobody's business, I honestly don’t get it though, iphones are expensive and shitty and the product is already over saturated, looks like you can never disregard 1st mover advantage

biggest wild card is $tsla, making 5000 cars a week was considered a landmark for some reason, cars are priced above market,constant investigations against them, somehow one of the most talked about stocks on the market because of Musk, self-driving cars are cool though, hope they roll those out soon

  ·  6 years ago (edited)

What for of too much supplies of metals than demands? There would be too much inflation of scrap metals! Help! Thanks!

This is a great point. We're still trying to understand the value...and it seems as if a lot of the value is often the potential for potential.

  ·  6 years ago (edited)

I see Twitter is so beautiful as well like FaceBook in different aspect, though! Twitter is more intimate in instant communication and abrupt results! Though FaceBook is tge Best so far!

  ·  6 years ago (edited)

Please, don't decline! Thanks!

  ·  6 years ago (edited)

FACEBOOK IS GOOD! I think economy should really focus on BENEFITS OF FACEBOOK even on how FaceBook is financially beneficial rather than keep on whining why FaceBook fails in this and that. I think FaceBook should focus on the benefits of monetizing are challenges but slowly and surely benefiting both FaceBook users and FaceBook Itself concerning the usages of the FaceBook users. Besides, many FaceBook Users have been enriched through FaceBook! FaceBook is a blessing to the world! And i see it as a blessing spiritually, physically, emotionally, mentally, socially, and financialey and all -ley. So let's rather stop complaining why FaceBook have not done anything for us! Because, They, FaceBook, have given all their love, care, knowledge, and wisdom just to have your comfort in life as much as possible! You just did not notice it, though. Praise God for FaceBook! Thank God for FaceBook in Jesus' name!

  ·  6 years ago (edited)

FaceBook still hasn't lost it's value! I wouldn't let it! It's not lost! It'$ just there! We just didn't account it properly! We just loose a little bit though. Remember, loose. We are just too loose! We just have to tighten our belts and zip our pockets! And seal some holes! We can't lose like that! Cheating must stop! To lose losses! It's just a style! We need it! It's fixable! And refundable! It's fixated! And the problems are solved! They are just not that heavy for me! Let'$ fix it! Money is important to be accounted properly! We have to audit!

  ·  6 years ago (edited)

LOVE IN FACEBOOK, TWITTER AND INSTAGRAM IS NEEDED! IT IS LIKE IMPORTANT FILES IN GOVERNMENTS OR CRUCIAL IN FAMILIES' EMPIRE!s! SO, Better be careful in every action! We cannot let hate overrule! Love conquers all!

What do you want from Facebook?? Why should you post like 1000 comments about them? C'omon stop it!!

  ·  6 years ago (edited)

So concerning conquering you, Boy,. I cannot let you be focused, confused, on negatives! We can't win like that! We won't win like that! You won't G.E.T. ME, like dat! Think positive, Honey! I'm positiveley!

Always positive (= The big story here is the fact that a 'small' company took IOTA down!

I have no idea what IOTA is concerning FaceBook. What's it about?

Just read instead of spamming us!!!

Sirin Labs did that much damage? Woah that’s huge!

Well, when you go on a big project, you can create a big impact - They literally said to IOTA: lol no thanks

Exactly like that! That’s what Moses said. LMAO

Exactly like that! That’s what Moses said. LMAO

Moses? From the Bible?

Moses Hogeg… The founder. Geez man.Read about him

He's the founder of hakf of this industry lol

I guess, ur right. I believe.

bloodbath continues, IOTA leading the charge dump.PNG

Bye Bye IOTA, take care! We won't miss you (=

I will. I own iota...just a small bit...but I'd like to see the bottom come so we can get back to climbing.

looks pretty bad, but it's just a normal down day in terms of crypto, nothing to special.

Didn’t even know they were talking with IOTA, where did they move to?

They decided to go with a private ETH network

What? Lost the signal again?! Tsk! Tsk! Tsk!

C’mom, every time a thing like that happens people panic and then they do some stupid stuff. IOTA’s price drop isn’t something they can be proud about, but from here to fucking believing it's the end? Give me a break.

Panic always results at the loss of logic.. So go figure.

Those dumb people are the reason why smart people are doing money :) You buy the lower stock and gain a great return of investment

Thank you, Honey!

Yeah, I couldn’t be pissed at them that much because those decisions can sum up with great money!

Don't panic, Honey! It'$not yet cashed out! It'$ links! It is always retrievable, i believe! You just have to reverse everything! There'$ hope! Everything is solutionable in internet! As long as it is not cashed-on-hand! 150billion$ in 2 hours is big, Honey! And it can close bankruptly FaceBook! So you must find them! Im okay to you! I love you, FaceBook! I promise!

Yes. We have to rely on God's provision and God's securities. Secure our funds, Honey. Retrieve everything as much as we could.

  ·  6 years ago (edited)

cheating? Is it the employees and some allies or some wicked alliance/s? Business partners? Be careful, Honey! I'm an accountING! We have to kick them out! Or have some suspension? penalize, maybe? Under law, maybe? Or have some good disciplinary action/s! Encourage them, though, whom, those should! Dont forget the benefits both sides! All sides! And wind up! Please! Thanks!

So... They're still down?

checking the IOTA subreddit after reading this post, IOTA foundation in internal trouble, is it the cause of the price action or just an effect? couldn't gather exactly what the spat was about though..

https://www.reddit.com/r/Iota/comments/95kxs1/iota_foundation_having_internal_trouble_dom/

Es simplemente una buena oportunidad para comprar

HE DIEU Le monde des cryptos, pardonnez veiller sur mon TEZOS !!!

ooohh GOD The world of cryptos, forgive watch over my TEZOS !!!

i LOVE TEZOS

Congratulations @thecryptohouse1!
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