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RE: EOS Longer Term Pespectives: Basing with Two Rounded Bottoms! Bullish!
@haejin Thank you very much for your analysis but how does 2,000,000 daily coin supply increase affect your outcome? I would agree with you if most of the coins were in the circulation. @jerrybanfield has a different idea: https://steemit.com/eos/@jerrybanfield/eos-ico-token-distribution-system-and-result-for-bitfinex-trading - could you please take a moment and share your thoughts?
What Jerry’s idea is based solely on is the token distribution amount and current market cap. You would have to assume that the crypto market cap will not increase over a year and that EOS will not gain a larger piece of the overall market. I think this is wrong on both accounts and EOS is on track to be the most useful crypto with mass appeal.
@jbbasics Yes, I have no doubt about EOS and its usefulness. I am very excited about EOS and bought in early, but every day seems to bring the price down and I would be much better off buying today than right at the beginning. I want to buy more and timing seems to be a critical thing with this ICO. Maybe I am trying to sense the bottom or just make sense of how 2,000,000 daily coin dump combined with the demand influences the pricing. Anyway, I am keeping a keen eye on this one.