With the price of EOS going parabolic is it too expensive to buy at this point or should you still get some? There is a fork of Electroneum coming up in 11 days called Electronero. I wanted to voice my thoughts on that.
My live stream is at DLive
With the price of EOS going parabolic is it too expensive to buy at this point or should you still get some? There is a fork of Electroneum coming up in 11 days called Electronero. I wanted to voice my thoughts on that.
My live stream is at DLive
I usually say hell no when it is mooning. I would wait for a correction there has to be a small one going to happen soon. This is just my opinion though. It should not influence any of your decisions. Do what you must. But be careful!
But my point is with Ethereum as an example. One year ago it was mooning at $50 and the people waiting to get on that ride never saw that price again.
So it becomes risky for someone to not at least put a little money towards it even if it is $100 or $200. There is just no telling how high it could go in the coming weeks and then especially after the main net launches.
Agreed. Won’t hurt to throw a little bit at it. You never know what can happen!
Took some profits on EOS today, it may be a mistake but I still got pretty decent amount still :)
If I had to choose whether to sell EOS or power down my entire vested STEEM I would power down my STEEM. Honestly I was going to power down half my account about a month ago and go deeper on EOS but didn't. I can't kick myself now. Just have to keep going.
I want to see EOS at least stabilise first before buying. I can't see it going too much higher in short term. Its already nearly 2x its previous ATH in terms of BTC which I think will be it's short term cap.
Also its total Market Cap is 1/4 that of Ethereum which I think is insane considering there it has not even launched yet.
I do think long term it has great potential and can see why people are FOMOing over it though.
See I think way differently about it. I think people will keep FOMOing and the mainnet is coming out in a little more than a month and right now there is so much more supply pumping out there then when the mainnet gets here. There will only be 5% annual inflation at that point so the new supply will be so much less than it is now.
Also the fact that the mainnet isn't up doesn't really make me feel like it is largely less valuable because people are building on Dawn 3.0 and consider BitShares and the STEEM blockchain as production networks that this thing will just be building upon. It isn't an unproven pie in the sky concept. Large companies will FOMO on EOS.
Do what you want but I was buying last summer and last fall and I haven't sold any. I don't want to be like those guys who sold Bitcoin at $35 thinking they made a great trade and then couldn't get back in because it never went down to whatever price point they thought it could get to.
I have seen a lot of these newbie YouTuber guys talking like this all the time. Like that Crypto Investor guy who has a bunch of Subscribers for some reason keeps saying he is wanting to buy Monero but it never gets low enough so he still doesn't have any. Sunny Decree will likely never have any EOS either.
Good points for sure. Just all the indicators point towards a correction coming for me. Volume is huge (1/2 what Bitcoin is!) at the moment, when that dies down you usually see a pull back. When mainnet actually launches I can also see a pullback.
Maybe I'll take your strategy and take a super light position just in case and then double down when volume drops and mainnet launches.
I did own some EOS at one point months back and sold to contribute towards a Smartnode so I guess I should just take it on the chin and buy back in.
Electroneum's mobile miner has improved a lot lately for me. Previously it used to stop every 30mins so I could not mine overnight, but now it stays on overnight no problem. Making about 10 ETN a day which is nice for doing basically nothing. Can't even get that much GPU mining at the moment!
That is more than I expected. It wouldn't work for me I think partially because the phone I was trying to do it on wasn't on the cellular network.
10 ETN kind of sounds steep to me. Like that that might cause a lot of sell pressure when you think about an entire world of people doing that. I don't know....it is hard to say.
I stopped mining ETN when the ASICS came out for it.
Yeah when they released it first it was like 0.5 per day and they have been upping it fairly regularly. I think they are reigning it back in a bit now though. I got like 20 a few days ago but last couple of days has been around 10.
I had exactly the same thoughts as you that it's a lot to be just giving away so easily. There is around 80,000 "mining" at a time so that's nearly a million ETN per day. They say they are giving away all the un-bought ICO coins which I guess is in the billions.
Jeez, I dropped a bit of my saved up SBD on EOS like a month or two ago on a whim when it was around $6, I wanted to get in before but the first time I checked was when it was up around $11. Feeling really good about that decision right now, and really glad to have a few more than just 1 or 2 or like 0.25 like my ETH situation haha.
Yeah it feels good to have a bag full of them. There are certainly people waiting for Bitcoin to get back to $300, ETH back to $10, LTC back to $20, Monero back to $35. Unfortunately they will be poor skeletons because it won't happen. lol
just bought more EOS at the top lol
Can't blame you! This could be be the one that passes Ethereum and Bitcoin. I 100% believe that.
Nice post.
Many projects will be porting over to EOS where they can actually run effectively and free