You are viewing a single comment's thread from:
RE: EOS - what is an entry price level?
Thank you for sharing. I like your post in general (following).
I have to think about the bit that you see EOS as refuge. I wonder why is that. I see the technical aspects - that you might put ETH into the daily 2'000'000 mining process as you expect ETH to drop. But on the other hand wouldn't an efficient market compensate that meaning that at 23:59:59 there will always be the equivalent of ETH in mining process as you would pay for 2'000'000 EOS on the exchanges? I haven't checked lately but in the beginning that was quite true.
Thank you. I'm glad you enjoy reading me.
The price of EOS react a lot quicker to large buy orders than the price of BTC or ETH thus when the price of ETH goes down in relation to BTC there must but a lot of time where divesting into EOS whether it be buying directly from the daily coin release or on the exchanges is more advantageous than divesting into BTC.
That's a very simplistic explanation and I'm not even sure it hold water.
Ok now I see your point - have to think about it.