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IoTeX Official Group. https://iotex.io

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1 of the questions asked, "What's the play for investors right now? I might not need right now a fibre optic network to trade against something something...how do I as a crypto trader get some yield here?" You be the judge of their answers.

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IoTeX Official Group

You can proceed discussing the price in the traders channel

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IoTeX Official Group

I truly hope you are right

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IoTeX Official Group

Sure, but what is the reason for the people to run? Are they all idiots?

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IoTeX Official Group

The mods have already asked the team about this. We'll see.

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IoTeX Official Group

It's very hard to trust after this price action, because price action doesn't lie

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IoTeX Official Group

That's right. We made a public announcement about the October 10th incident that seems to resolve the situation, and there is no action so far. So, who can trust IOTEX?

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IoTeX Official Group

My price is 0.023 and no money left too...

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IoTeX Official Group

There was a post after 10/10 assuring us everything will be ok and about buybacks but nothing after that

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IoTeX Official Group

hindsight is always 20/20. No one can tell what would/will happen. We never promised that price will 10x or 20x in certain periods like meme projects. We did say we will keep on working.

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IoTeX Official Group

I see nothing on X about this, everyone is acting like this is normal

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IoTeX Official Group

The mods can only convey what the community is feeling. I can assure you the team is listening.

And you keep on going on about how the price will still dump.....well then it's up to you

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IoTeX Official Group

Your messages are all assumption, it's pointless

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IoTeX Official Group

So that's why you anounced buyback, so we can be exit liquidity, because price bounced back to 0.015 or something like that and it's been dumping since then

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IoTeX Official Group

Admin will Never DM you

Block and Report any DM you received

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IoTeX Official Group

If anyone missed this event earlier this week, you can still watch the recording here.

The session is presented in English , with audio translation provided in Korean, Japanese, Mandarin.

https://consensus-hongkong.coindesk.com/agenda/event/-depin-is-growing-up-out-of-pilot-and-into-adoption-56

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IoTeX Official Group

We try. And we are not trying to discount any of your concerns

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IoTeX Official Group

/channel/IoTeXGroup/959731
Point 2 is one of them, their trading plans (the price reached their cutloss level), chasing other pumps, they need money amongst other things,

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IoTeX Official Group

That's your opinion, up to you. Price action could indicate that people are running but not that the team is lying.

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IoTeX Official Group

No action? If you are referring to the buyback, I can agree. Not yet.

What are you trying to say?

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IoTeX Official Group

At least make another official announcement about this to try to re ensure this

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IoTeX Official Group

I really hope this is true

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IoTeX Official Group

That's what I said, That's the plan. Then we'd have to wait. We will not close shop

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IoTeX Official Group

What is there to say about the price? The team posted about the plan of action back then, then we'd have to wait

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IoTeX Official Group

From the team I mean

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IoTeX Official Group

With most of my portfolio in iotex

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IoTeX Official Group

Assumptions of course, but of I assumed this sooner I wouldn't be 75% down today

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IoTeX Official Group

No. That's your assumption. If you are confident in what you assumed, then there's no use in discussing this

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IoTeX Official Group

I'm not the one calling the shots. 90% of us are in the red. We've conveyed all the concerns of the community to the team about buybacks, about market, about holding a briefing on the currrent situation. We can only wait.

This is from me personally:

1) What we are seeing now is temporary. Market is still uncertain. Go to CMC, look at the 7D price movement for most tokens.
2) The situation between US and Iran is still fragile. US has been sending tons of equipment to the Middle east. IF they do buyback now, and war erupts, price will dump or go nowhere. The overall operation of the whole project could be in total jeopardy.

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IoTeX Official Group

I don't talk in private, just public group

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