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RE: What is Your Advice on Buying EOS (EOS) Now at $1.62
Hi @jordanlindsey, I agree with @forward-thinker, prices haven't hit rock-bottom yet. ICO is still open though, you might want to check in daily contribution status in last hour or 30 mins of every ico window, and gauge which path will give you more value on your money- buy in the market or join ico. Goodluck!
Can anybody add to this?
"which path will give you more value on your money- buy in the market or join ico"
How do we know?
In every 23-hour ico window there is a set 2M eos tokens for distribution. Your tokens from ico is computed as- your contribution over total contribution. Example you sent in 1 ETH and the window ended with 4000ETH contribution. Every ETH contributed is given 500EOS in this case.
You can compare this at the current market price, how many tokens will you get for 1 ETH if buying on the market?
Hence the reason why I mentioned viewing ICO contribution towards the end of the 23-hour window. No guarantees though on ending contribution of course, unlike in market purchase where you know exactly how many eos tokens you'll be getting.
Yep, a lot of sense. Following you for more
Thanks for the follow and goodluck! ^_^