You are viewing a single comment's thread from:
RE: EOS Update: Hunting for its BOTTOM!
Unless something major is announced I think its gonna be hard to go up a lot, because of the massive continued inflation by the daily ico..
Unless something major is announced I think its gonna be hard to go up a lot, because of the massive continued inflation by the daily ico..
Im not sure if you can call it inflation. There are 1B coins and thats known to everyone. Its just how they are distributed.
I see what you are saying im just not sure we can call it inflation :)
The keyword is the "daily ico". Inflation is no big deal. How it is inflated puts downward pressure on price. If the price is cheaper in the market not many join the ICO from that point. When the ICO price is cheaper, the tokens are immediately sold on the market for a higher price. That doesn't give any incentives for price growth in any way. Before the end of next year we may even see $20+ price for EOS. But I don't think we'll see much of price increase for the next few months.
I Bought EOS around 61 cents and sold at 72. If it goes near 60 again, then I'll buy.