why is the price down so hard?

https://ethereumworldnews.com/sirin-labs-not-iota-finney-phone-relies-ethereum/

I believe this is the answer to your question.
There were strong expectations for the partnership with Sirin Labs and could be a first use case of Iota Tangle application in the real world.

However, I am sure that the team and the other partnerships will be able to extract value and real use cases from the Iota Tangle world.

Now a lot of rumors and speculation in the fall of the market. Some say that falls because of the sale of large people, others say that it is weak hands sell coins. I think no one really knows, just guesses. Now it is best to just wait for growth and not be afraid.

https://files.iota.org/comms/IOTA+Foundation+Update+from+the+Board+of+Directors+and+Founders.pdf

maybe this is a reason for the dip, too.



For the people who spreads FUD. Don't waste your time with it and SHUT UP!
For the people who already in and believe and trust in the future tech. HODL!
For the newbies. DYOR (Do your own research)

I take the chance and buy the dip 

cheers

Nam

Did you try [1]? It works very well!

[1] https://www.iotareatta.ch

you can check the main net stats under :
https://tanglemonitor.com/

Thank you. I shall try it the next time. (I have finally succeeded but it took time)

chart is telling me: failed.
because I don't support failed projects I have removed my IOTA sig.
also I'm very disappointed by the founders attitude towards critics (inside (omg) or outside the foundation).

thanks and bye bye

You know that feeling when you realize you ate something off, your guts are churning, and you know your digestive tract is about to open up and purge from both ends ... that's where Iota was a couple of days ago after the leaked conversation, the market digested the news, and some weak hands have now dumped from both ends, and the price is in the toilet, relatively speaking.

Once the news is fully digested the market will recover, some people lost confidence in the current setup and dumped, others will soon see an opportunity to get in cheap. Just the usual churning of ownership, the tech fundamentals are still the same, and as long as the business partners don't lose confidence in the foundation things will blow over soon, and we end up with CfB and Popov on the board, and maybe Dom waits a little while and exits gracefully  with a huge stash of Iota and buys a yacht and retires at 22.

Maybe CfB and Dom make up, but if one of them leaves it'll obviously be Dom, and he probably gets replaced by a seasoned corporate veteran who ticks all the boxes for Bosch and VW, so not a bad result.

If the tech works nobody cares about anything else, as long as everything is legal, and with Iota foundation the legal setup with Iota is best in crypto. Being rude isn't illegal, and neither are embarrassing leaks about who is behind the leadership controls at any point in time.

big partners are like everyone else following IOTA, interested enough in the tech to stay engaged while we all wait to see if the tangle can scale with zero fees. The recent drama is actually being shielded by the crypto wide bear market, if this happened during a bull it would be much more severe reaction.

Iota is years from maturing, I expect slow progress.