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
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.
OMG this is so funny!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
close to -20%
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Holy Sh**!!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Can be the right time to buy it...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good luck with that....it's a free falling!
"Do not try to catch a falling knife!"
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If you can wait....let's say 5 years so yea why not...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
LMFAO!
Well...I think we can defiantly tell that Messi kicked Iota out of the game (=
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
IOTA/BTC
The best part is- it can be worst!!! LOOOOOOOOOOL!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Twitter stock also lost about 25% of it’s value in late july, some social media carnage, is steemit next :) ?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Twitter has actually seen some user decline too, about 1 million of them
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The entire market is overvalued a result of share buybacks and 0% interest rates all over the world for like 10 years now
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What for of too much supplies of metals than demands? There would be too much inflation of scrap metals! Help! Thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Please, don't decline! Thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What do you want from Facebook?? Why should you post like 1000 comments about them? C'omon stop it!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Always positive (= The big story here is the fact that a 'small' company took IOTA down!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have no idea what IOTA is concerning FaceBook. What's it about?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just read instead of spamming us!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sirin Labs did that much damage? Woah that’s huge!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well, when you go on a big project, you can create a big impact - They literally said to IOTA: lol no thanks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Exactly like that! That’s what Moses said. LMAO
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Exactly like that! That’s what Moses said. LMAO
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Moses? From the Bible?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Moses Hogeg… The founder. Geez man.Read about him
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
He's the founder of hakf of this industry lol
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I guess, ur right. I believe.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
bloodbath continues, IOTA leading the charge
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bye Bye IOTA, take care! We won't miss you (=
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
looks pretty bad, but it's just a normal down day in terms of crypto, nothing to special.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Didn’t even know they were talking with IOTA, where did they move to?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
They decided to go with a private ETH network
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What? Lost the signal again?! Tsk! Tsk! Tsk!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Panic always results at the loss of logic.. So go figure.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Those dumb people are the reason why smart people are doing money :) You buy the lower stock and gain a great return of investment
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you, Honey!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah, I couldn’t be pissed at them that much because those decisions can sum up with great money!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes. We have to rely on God's provision and God's securities. Secure our funds, Honey. Retrieve everything as much as we could.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So... They're still down?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Es simplemente una buena oportunidad para comprar
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
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
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @thecryptohouse1!
Your post was mentioned in the Steemit Hit Parade in the following category:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit