Thousands of investors, companies and the majority of the IOTA community are looking forward to it and now we have a date.
Beginning with the 13th June, in nine days, exchanges are going to list IOTA as a tradeable asset.
The official blog post of David explains the circumstances very well and incentivizes other exchanges to follow the call.
What can you do to prepare for this big event?
- Follow all major exchanges on Twitter
- Register on all major exchanges and validate your person before it starts trading IOTA, to ensure that you’re able to trade once the listing is announced.
- Get a working Bitcoin/IOTA wallet
- Don’t spend all IOTA on trading, just what you can afford to lose.
- Participate in discussion in Reddit
- You are a developer? Think about helping IOTA and earn bounties: Ecosystem Fund
Which Exchanges are going to list IOTA?
We don’t know! Since IOTA is an open source NGO, there will no Exchange prioritized, so they list it on their own without the decision made by the IOTA Foundation.
According to the founders, all big exchanges are interested, that means Bitstamp, Bitfinex, Poloniex, Kraken, Bittrex, maybe also the Chinese ones like Huobi and OKcoin.
What prices can we expect at the beginning?
Well, that question came up almost 20 times each day for the last months.
That depends on how the markets will react.
Will ICO investors and whales cash out, or do the new interested investors predominate, that waited for this moment for a long time?
Keep in mind that IOTA was mostly traded on YDX, the escrow based trading platform. (That stopped trading until further notice. Will start again after Exchanges listed IOTA. Presumably the 17th. )
While YDX was always a dependable and secure market, many people were afraid to lose their funds, as a consequence they didn’t invest yet.
Some companies don’t use BTC, so they likely will invest when IOTA is able to be traded for fiats like Euro or Dollar.
The current market situation is also important: Cryptoland is in a big bull market right now, either because these technologies are on the verge of mass adoption, or because it’s a periodical bull market that can also end very soon.
If Bitcoin suddenly changes into a bear market, the impact on altcoins and also on IOTA is pretty hard to predict.
IOTA is seen as a potential Bitcoin or Blockchain killer in general.
This originates from the undisputable technical benefits it has over common Blockchains in terms of scalability and the tremendously growing ecosystem that is already attracting the industry.
No one can predict which side wins, but we will see that very soon.
On the long run, my personal opinion is that IOTA is the best cryptocurrency to invest in.
If there are no technological flaws, we will likely see a few billion in market cap very soon. Or more.
One example of how cryptoland is reacting to good news and opportunities was Ripple, that was pumped from 250 million market cap to almost 17 billion in a timespan of only 4 months. That is insane.
For now, all we can do is read articles, compare the tech, the possibilities and keep an eye on Twitter, especially Hashtag #IOTA and #IOTAtoken -and think about the existing solutions for assets like Bitcoin or Ethereum.
Are they able to resolve the rising fees, the slowly extending confirmation times or not?
IOTA is not stigmatized with the common Blockchain problems like a rising difficulty, decentralization due to big mining farms and therefore an uncertain future.
However, IOTA isn’t easy to understand at first, so maybe the majority of investors needs time to digest all these new features and perks IOTA inherits.
That being said, as an investor you have the duty to make your homework before you put your (life) savings in a cutting edge technology.
Again: don’t trade more than you can afford to lose.