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From UK. Logged into my Bitfinex account recently and found I magically have over $1000 of something called Shimmer? I think it's related to iota, but I never asked for it to be transferred to that.

Problem is, Bitfinex is delisting Shimmer soon, and none of my other exchanges seem to support Shimmer.

How should I proceed? Just want to get rid of it at this point.

I don't think I can trade it for another crypto within Bitfixnex, as I tried a search in the trading section and no luck.

Just seeing the last post was a month ago, wondering if there's still a community around iota present

AS the title says Shimmer is delisting from several exchanges. Is this project dead?

Looks like Bitfinex was first to delist and Bitpanda has just announced it's doing the same...

Bitfinex Delists Shimmer (SMR)

Bitpanda Announces Shimmer (SMR) Delisting

SMR looking a bit rekt.

https://x.com/Vrom14286662/status/1823820099008311736

https://preview.redd.it/13hjhbqcjvid1.png?width=520&format=png&auto=webp&s=f60302a40456df75fea484f1eee0670f1163952d

So, is shimmer also slowly dying like other projects within IF? It doesn’t change much in price except downwards

Is this Coin after alomst 10 years of develompent finally dead?

What is the cheapest way to get my funds off a CHF bank account to an exchange where I can get IOTA with minimum total fees? Is there a IOTA exchange in Switzerland?

Time is here for IOTA to hit the moon!!

Hey folks, longtime lurker and first time poster. I hear a lot about how hard it is to buy IOTA as a US citizen so I wanted to share my experience making a relatively large purchase with the least amount of fees (as well as brag about my new bag). This is in no way financial advice.

A little background about my trading history with Iota; I’ve been invested since 2017. I have personally made three purchases. One was near the ATH in 2017 (~$4.00), one in Oct 2020 at ~$0.25, and one over the course of this week (~$0.2385). I’ve been following fairly closely since the token blew up in 2017 and I strongly believe in the technology and the team building it regardless of all the current valid criticism and issues with the ecosystem. But this isn’t about iota; This is iotamarkets 😈.

You will need a few things to be able to go through the steps I describe below. You need a verified Coinbase account, a verified Binance.us account, and some cash to exchange for your precious jotas. “But jimmiscuous, there’s no liquidity on binance.us!” Just hear me out man. Do you want to trade on magicsea? The sea is dry my friend. At least for now.

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Holy Price Impact Jesus

For the more advanced traders of us, please feel free to skip to the third step.

First step: Load up your Coinbase account with USD and convert to USDC. USDC is feeless to 1. exchange from USD and 2. to transfer off the platform on Coinbase. This is your cheapest option to transfer into binance.us. For comparison, there was a roughly $500 fee to convert USD to USDT directly.

Second step: Transfer your USDC to binance.us and convert to Bitcoin. Then convert that Bitcoin to USDT. I tried to do a 1:1 trade of USDC to USDT, but there was absolutely no liquidity. You should be able to get in and out of Bitcoin fast. As you can see from the picture below, I even made a little profit. About $46: nice.

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Always use limit orders folks.

There are no trading fees on the BTC/USDC pair. Actually, throughout the whole operation, I didn’t pay more than $50 in trading fees thanks to the volume I was doing.

Third step: This is where things get interesting. Once you have your tether, it’s time to buy your jotas. Take a gander at the price action and pick your happy price (within reason you degenerate). Always use a limit order folks. It should get filled…wait…where is the liquidity????

That’s the interesting part. It really doesn’t look like there’s much going on when you look at the 24hr volume and the order spread. Take a look at the order spread on the day I completed my buy. Those numbers are tiny!!

A lot of 7s in there

Going into this trade I was not psyched because of how little volume appeared to be on the exchange. I even hit up my friends in Denmark and Germany to talk about doing the trade for me, but the tax burden made it not really worth it. I’m a super compliant guy after all. So I decided to roll up my sleeves and stick it out in the liquidity desert of binance.us. I was ready to go into the trenches for weeks, even months, if it meant getting my precious jotas. Or so I thought.

I made a few orders below market rate to test the waters on 4/18/24 and, of course, the price gapped up and my orders were hidden from view. Whatever, I’m in it for the long haul. We saw the price peak above $0.26 and then slowly gap back down to 0.24 on 4/23/24. There I decided I would make a buy spread around 0.24. Once I found my buy price, I stuck to it. I could stay in that trench forever. I set limit orders for .2410, .2400, .2900, .2385 and .2380 with a few lower in case of a flash crash.

I got my first drink of water at 11:14 am PDT on 4/23/24. A partial fill at 0.2410. I knew I had someone on the hook. I picked my spot, 0.2385, and laid down a couple grand on it and waited. I cancelled all my other orders above that spot to show my benefactor where I’d meet them.

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Fill me up baby

One hour later at 12:14pm, I received another sweet iota injection: this time a 100% fill at 0.2385. My eyes rolled back into my head. 35 minutes later I placed another order at 0.2385. Immediately filled upon opening. Dopamine flooded my brain.

After the initial excitement died down, I started to get suspicious. My 0.2380 order was untouched so this wasn’t some goober selling down the market. It felt like someone was looking at my orders and had silently agreed on my 0.2385 price after a 5 day deadlock. Stingy bastard wouldn’t even look at my 0.2380 order!

At 2:14pm, I placed another order for 0.2385. Immediately filled. Another one seconds later. Immediately filled. I took a break, but placed another and then another at 3:47, also immediately filled. I decided to lay all my cards on the table. At 3:48, I placed two very large orders for the remainder of my funds. I thought, “yeah, this guy’ll have to think about that one.” But they didn’t. Roughly 115k yodas straight into my mouth like a baby bird.

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Seller did not flinch

I was extremely pleased, but something was not quite right. None of those sell orders ever hit the live order book. If the price had gone up after one of my buys, it would always gap down to 0.2385 once I placed an order. Sure maybe they don’t want people to front run their sale, but there’s no liquidity anyway! Or at least that’s the way this seller wants it to seem.

This seller was also sitting on a very large stack of jotas. They sold almost 150k to me without even batting an eye once the price was set. This, to me, seems to be a highly capitalized individual or group with a vested interest in keeping the price of iota low. Also, to project an appearance of having low liquidity in the market. My buy 1.5x’ed the daily volume on binance.us that day. Who would sell this many jotas at such a low price? Nobody on iota discord I know. This is just my opinion based on my experience.

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Note the USDT volume. My order cost roughly 35k USDT. Still alotta 7s on that order book.

The whole time I was looking at the order book (a few weeks), it felt like no one was there but me. I didn’t see very many, if any, large sales go through. After I was done buying, I got curious and looked around the other non-US exchanges and noticed a similar trend. No big orders going through. The price of iota was moving on a dime in response to 7 iota trades. It feels like you can hear pin drop in all the iota trading pairs market wide.

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You're telling me no one is executing larger orders on bitfinex trying to get that sweet arbitrage? I admit, it's a small sample, but take a look for yourself.

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No one's executing on bitrue either?? Small sample but I doubt you would find much in the way of large executions if you took a look now.

What’s my takeaway? I’m going to get hypothetical and am no way asserting any of these thoughts as truth. And again, this is not financial advice. There is a liquidity fairy. I said it. Somebody is making this market liquid, but us joe schmoes can't see it. If I were a US based Iota enthusiast, I would try to meet the fairy before it goes away and we have to use magicsea and experience real price discovery.

Final thoughts:

Over the last 7 years, Iota's price has not spent much time below $0.25. Simply put, the price is a steal for us Iota maxis. Dom and the team have put out a vision for this project and have worked consistently for the last 7 years. Yeah, there was inflation, but you don't work on something for seven years if you don't think you can deliver. If the coin price ain't high, IF doesn't have access to capital, and they need to do something to keep it going. Iota 2.0 beta is almost done, IOTA EVM is just over the horizon. There is no better time to get in than now. Dom even told us we were war heroes at the recent binance event. IF needs us to do our part soldier! We even have our own enemy shills to tweet at (Looking at you DAGnetics and Guido Lange). If that doesn't inspire you to buy, then I don't know what will. That being said, I'm going to be making my quotas and buying my yodas.

TLDR: I bought some IOTAs in the US from a fairy. It was sweet!

Not looking good, price wise

So lost the 81 digit seed thingy and all I have is the total amount of what I have on the Firefly Wallet on my phone. I know its already a dead horse. There is an option to backup the wallet via exporting it. Now if I do that, can I then somehow put it into something else where I can actually keep my IOTA?

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This is all foreign to me and I am not too literate in all this, but would appreciate anyones help!

While Iota price is slowly building up momentum, any pumps & dumps disrupt it. We don’t have the privilege of having free Tethers at disposal to pump our own coin. Bots will follow BTC and while on the upside, the pumps might seem an advantage, on the dumps side any upward movement from Iota will become premature and sometimes sabotaged. We might not reach the ATH again.

We need slow and organic growth—and let me tell you that we’re doing it. We have already gotten on a parabolic ride. The problem is that in this bullrun (like the last one), if BTC moves up much faster, when the reverse trend begins, it will obliterate our price actions.

Believe it or not, this is a tool in the hand of manipulators to force the money to go to BTC only: “See?! Your sh!tcoins didn’t go up as much as our inflated balloon went up!”

Don’t support pumps ‘n dumps. I hope we build much faster and soon we have coordicide. If we buidl fast enough, that might come to the rescue because it will resist any downward pressure from bots by inviting new people and getting more traction from new money.

Looking to sell some iota during this bull run but not sure which exchange I can use being I live in New York. Any ideas?

Twitter thread here https://twitter.com/BenBoenisch/status/1766926515768348893

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Maybe you don't follow ETO GRUPPE on twitter so you may not quite appreciate how much they have done and are doing for IOTA. I do follow them and still didn't quite piece together all of the great work they have done. This thread is a nice review.

I see a lot (mostly) of small lot transactions for iota on Binance.us. Anyone have insight?

It is very interesting to see CISCO writing about the convergence of AI, Confidential Computing, and Blockchain. IOTA mentioned.

https://blogs.cisco.com/analytics-automation/the-convergence-ai-confidential-computing-and-blockchain

As a reminder Cisco is one of the largest technology companies in the world, ranking 82nd on the Fortune 100 with over $51 billion in revenue and nearly 83,300 employees. As of December 2021, Cisco had a market capitalization of around $267 billion.[7]

The article is an interesting read and here is a small snaphot: The manufacturer uses a Confidential Computing platform to train an AI model on the battery data. This ensures that the data is never exposed to the people who are developing or training the model. Once the model is trained, it is deployed to a Confidence Fabric environment. This allows the manufacturer to share the model with select partners without revealing the underlying data.

The manufacturer uses Blockchain to create a tamper-proof record of all interactions with the AI model. This ensures that the model is being used in a fair and ethical manner.

The manufacturer also uses Blockchain to settle micropayments between itself and its partners for the use of the AI model. This eliminates the need for third-party payment processors and reduces transaction costs.Security: Confidential Computing and Confidence Fabric protect the battery data from unauthorized access, even by the people who are developing or training the AI model or using the model to develop new batteries.

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• Privacy: The manufacturer can control who has access to the battery data and how it is used. This is important for protecting the manufacturer’s intellectual property and trade secrets.
• Collaboration: Confidence Fabric enables the manufacturer to share the AI model with select partners for collaborative development. This can help the manufacturer to develop new batteries more quickly and efficiently.
• Innovation: The AI model can be used to develop new and innovative battery chemistries, cell designs, and manufacturing processes. This can help the manufacturer to produce better and more affordable EVs.
• Sustainability: a sustainable Blockchain that uses a Directed Acyclic Graph (DAG) architecture (like IOTA) achieves consensus without the need for mining. This makes this Blockchain energy-efficient and low-carbon emitting.
• Efficiency: the IOTA Blockchain transactions are settled in seconds and have zero cost transaction fees. This eliminates the need for third-party payment processors and reduces transaction costs for the manufacturer and its partners.

How do you sell iota in NY? Looking to prepare to sell but not sure how.

Why are we not a part of these exchanges? It is extremely frustrating. I'm from Canada, and bitfinex and binance are no longer available to Canadians. So Canada and the US are basically shut out from buying or selling iota. That is freaking crazy. Either the iota foundation is incompetent and unable to secure these exchanges, or these exchanges are sleazy and unwilling to let iota participate. Either way it stinks. I would like some clarity as to who is to blame; and yes participation by these massive economic countries would do wonders for liquidity. It makes me wonder if there is some entity - that is afraid of Iota getting some traction - that is suppressing us.

So I'm finding out very quickly that if I ever want to sell my iota, there is no exchange I can do it on. I'm in the United States and the US exchanges available are not registered in my state. I then signed up for eToro and there does not look like an option to transfer iota to that platform. What are my other options? Is it really that bad? Thank you.

Can please someone explain me why are we down 5%? This morning the value was 0.27€ and now 0.24,any bad news? No news on twitter and also on Google...

Hey guys, I've held IOTA since about 2016, not planning on selling currently but want to have an exit strategy once I eventually do. However, Canada kind of screwed us and Bitfinex/Binance are no longer usable here. Is there any exchanges I could use to send IOTA from my Firefly wallet -->exchange once I want to sell?

Let me know!

We’ve all seen lots of these posts calling for predictions, but with BTC passing $62k and IOTA crossing $.30 I’d really like to hear the community’s realistic expectations for IOTA if BTC does take off again big time.

In each past bull run, BTC has very roughly gone 10x vs the previous low, pointing to a minimum target of $100k for this bull run. However it could go much higher.

I’d say if BTC hits $150k we could see IOTA break $10, only 2x its previous high. Seems unlikely after the loooong bear market but we’ve all seen alt coins perform much better in a bull run. Thoughts appreciated!

I staked iota when first started but haven’t checked back to my FF wallet until recently. I don’t see any Shimmer so was wondering if still possible to obtain them somehow.

In my firefly I have pending incoming transactions, from "lottetry-iota.org" with the message I should visit the site in order to get the value unlocked. The website goes to firefly-iota.org, and is asking for your stronghold file.

pls be careful.

Can we somehow block those transactions/messages as now my balance does not look OK, as it assumes the transaction will go through eventually?

p.s. I tried posting as well on the official iota reddit, but there my message was removed... which I do not understand if we want to have a community caring for each other