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.