IOTA is an alt coin that has tremendous potential. I think this will be a game changer. I think it will be the next big thing for bitcoin. And I'll tell you here in a minute. So IOTA is really crypto currency for internet, right. Internet stuff is a phenomenon that occurs where devices start connecting to the Internet. Any household appliances, equipment, industrial equipment, so on and so on begin to connect to the Internet. And that's the internet stuff. so you get a fridge connected to the Internet, you have a scanner connected to the Internet, you have a factory or a nuclear power plant or an oil refinery,
what is iota purpose?
IOTA was created as a crypto currency to really support inter-device transactions on the Internet of Things network, a platform if you want. And so IOTA, different from bitcoin, is different from BlockChain and actually does not use BlockChain, it uses something called tangles. And it's very different but its potential is surprising. It reminds me of the early days of bitcoin, when bitcoin, is half a cent or fifty cents around that price point, which is why IOTA is currently. And it reminds me a lot of Bitcoin back in early 2009.
the future of iota?
And in my opinion, IOTA will change everything. It's a space, internet stuff or Internet industry thing; this is a space that will grow rapidly in five, ten, twenty years into the future. This will really revolutionize many different things beyond the crypto currency. Internet industry or internet space things really will not go away and it will only grow exponentially in the next few years. And really think about this opportunity with IOTA.
If you're going to invest $ 100 in bitcoin in 2009, when it's at the same price level as the current IOTA, you'll become a millionaire. And I'm not kidding, count that. Look at what bitcoin is in 2009 and if you buy $ 100 in 2009 and hold it in 2017, you will effectively become a millionaire. And there are many people who have happened because they bought bitcoin early on. This is an opportunity to do the same with IOTA. So do your research on IOTA, learn why it's different and learn why I think it's the future of cryptocurrency. I think there is a huge potential that we have not even seen with the IOTA and look at it and start researching.
the best way to predict the future is to make it
~what is inside iota?
IOTA unlike the complex and heavy blockchain of bitcoin and other alternate currencies designed with other users in mind, IOTA was created to be as light as possible then the name IOTA. With emphasis on the IOT section. So really IOTA was created for the Internet. It was made to be BlockChain without a hitch, BlockChain which has no transaction restrictions and has no bandwidth issues. He has no fees associated with the transaction and so on. IOTA is a new protocol and a new protocol called tangle. Tangles are made and that's really the essence of IOTA innovation. The core innovation is tangled and this BlockChain, it's actually not BlockChain, it's BlockChain without friction is what's its name. And that is the essence of innovation lies. IOTA, as I said before, is different because Internet things are growing rapidly. The need for interoperability between devices is expanded exponentially as well. How machines communicate between each other, there is no really good protocol today that allows all machines and different types of busy machines to interact with each other. IOTA solves this problem. Many of my companies are trying to solve this problem but IOTA does not solve this problem and it is crypto currency that does this. So again that is a huge advantage. as I said before, is different because Internet things are evolving greatly. The need for interoperability between devices is expanded exponentially as well. How machines communicate between each other, there is no really good protocol today that allows all machines and different types of busy machines to interact with each other. IOTA solves this problem. Many of my companies are trying to solve this problem but IOTA does not solve this problem and it is crypto currency that does this. So again that is a huge advantage. as I said before, is different because Internet things are evolving greatly. The need for interoperability between devices is expanded exponentially as well. How machines communicate between each other, there is no really good protocol today that allows all machines and different types of busy machines to interact with each other. IOTA solves this problem. Many of my companies are trying to solve this problem but IOTA does not solve this problem and it is crypto currency that does this. So again that is a huge advantage. There is not really a good protocol these days that allows all the different machines and different types of machines that are busy to interact with each other. IOTA solves this problem. Many of my companies are trying to solve this problem but IOTA does not solve this problem and it is crypto currency that does this. So again that is a huge advantage. There is not really a good protocol these days that allows all the different machines and different types of machines that are busy to interact with each other. IOTA solves this problem. Many of my companies are trying to solve this problem but IOTA does not solve this problem and it is crypto currency that does this. So again that is a huge advantage.
How Iota Works?
Many critics say that it will be the backbone of the Internet. So imagine that when the Internet thing grows and all these devices are connected to the Internet of things connected to the Internet, IOTA is meant to monitor and maintain and store and encrypt all these transactions between these massive and massive international devices. scale.
Transaction Fees
Furthermore, this is a new type of ledger system that does not use BlockChain as I mentioned. It uses tangles that essentially allow transactions without friction and 0-transaction costs. Something Bitcoin can not do and other currencies. Etherium can not be so today.
Excess Iota?
Another big advantage is allowing off-line transactions. It also allows business-to-business models across machines and allows businesses to use machine resources worldwide in a decentralized way. That's a very important concept. Businesses will then be able to start interacting with each other or their machines will start being able to interact with each other around the world 24 hours a day to create this new business model as I speak. There is also the ability as I say to trade these resources, these technological resources on the open market. And to trade and enable other companies and businesses to actually purchase or purchase these technology resources and to consume them at market-ready prices or available in the market.
One more thing is that it does not use BlockChain, this is a new technology called tangle that I just mentioned. It has been stated that Microsoft wants to add IOTA to their Assur network. Their Internet platform thing, they want to add tangled in it. It has also been revealed that GE, General Electric wants to do the same. So big companies are starting to learn what the IOTA is, they are beginning to understand the potential and they are beginning to want to try it and see if there is potential for this new technology.
Market Dynamics And The Internet Of Things
Let's look at the market dynamics and prices where I think everything is in terms of things and how it relates to IOTA and how I think it can help and improve and encourage IOTA into mass adoption. So the demand for IOT solutions will grow exponentially in this century. I think we are talking about it. So just to give you an idea of what I'm talking about, Gartner predicts that by 2017, this year, there will be 8.4 billion devices connected to the Internet. So by 2017, there will be about 8.4 billion devices connected to the internet. By 2020, they estimate that the number will grow to 20.4 billion devices connected to the Internet. And the total expenditure at the end points of these machines when exceeding $ 2 trillion in 2017 alone. That is a very large number.
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Financial Forecasts For The Internet Of Things
And what about financially? That's good, the number of devices will explode exponentially, but what about the financial forecast for Internet stuff. So Bain's capital predicts that by 2020 the company's earnings will and can exceed $ 470 billion by IOT vendors. It was incredible. Mackenzie estimates that the total IOT market size in 2015 rose $ 900 million, growing to $ 3.7 billion by 2020, at 32.6%. I'll put some of these notes on Steem It's blog and video notes so you can see what I'm talking about here. GE predicts that the Internet industry thing is expected to reach 60 trillion within the next 15 years. So this is just mind-blowing, the number of devices that will connect to the Internet, the amount of revenue or the amount of money to be spent; all these devices, manage them, maintain them, create solutions for them. It's in trillions and it's a very big number and it's even harder to wrap your head. IOTA, crypto currency will be in the middle or be in the center of this whole new kind of disruptive technology that comes out. This will be the backbone of the entire Internet for this matter. So think about its potential. This is huge. So you have a small amount and you can see that this is the explosion number and ready to explode. So look at his notes and he'll get some of these numbers a bit better. the crypto currency will be in the middle or be in the center of the new annoying technology that came out. This will be the backbone of the entire Internet for this matter. So think about its potential. This is huge. So you have a small amount and you can see that this is the explosion number and ready to explode. So look at his notes and he'll get some of these numbers a bit better. the crypto currency will be in the middle or be in the center of the new annoying technology that came out. This will be the backbone of the entire Internet for this matter. So think about its potential. This is huge. So you have a small amount and you can see that this is the explosion number and ready to explode. So look at his notes and he'll get some of these numbers a bit better.
so the big question is do I have to buy IOTA?
Should I buy IOTA crypto currency? If you are a long-term trader yes. I definitely think that you should buy IOTA. Even if it's $ 100, $ 50 or $ 1000. I'll buy some IOTA because its potential is too big to miss. Even if it fails, which I really do not expect. Even if it fails and you invest $ 100, you lose $ 100. But the good side is so great that the risk to invest at least has a little money. It will take a little time for this to expand and get massive adoption but within a few years, this will explode. It will explode, I just know it will explode. If you are in the market to make money quickly, maybe it's not the best trade for you
Why Iota Is A Great Crypto Currency To Invest
Let's recap and see how or why the IOTA is a great crypto currency to invest today. The IOT room is ripe for distractions and IOTA and tangles are the perfect technology to disrupt this industry. IOTA has a very strong overall sentiment which means that there is plenty of momentum to bring this technology to success and bring it forward. IOT, Internet financial opportunities are big and unprecedented, unlike anything we've seen in the past. So long as IOTA can connect to the IOT, its potential is as great and the chances as large.
The sheer number of IOT devices that will connect by opening so many doors for innovation, it's silly even to talk about it. This will push the new business model forward using IOTA as the backbone of all.
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