The EOS FOMO is Real But I Will Proceed with Caution.
Buy the Rumor, Sell the News Has Always Worked Great for Me.
Why would EOS be any different? Every EOS fan boy and girl I see is saying, "EOS to the Moon!" I hear things like, "The Mainnet is launching and that means EOS will rocket".
Yes, the launch of Mainnet is coming in a week. Yes this is very exciting.
Yes EOS is an amazing project.
Yes the projects that will be built on top of EOS will make it a strong competitor to Ethereum.
Yes Dan Larimer is a Crypto Legend.
Yes EOS has a ton of ETH and a larger war chest than any Crypto Mainnet launch in history.
Yes EOS will change crypto.
I Like to Buy the Dips and I Don't Like Buying During Periods of FOMO.
No I would not buy EOS right now.
No EOS is not some anomaly that can defy market trends.
No not all of the buyers are believers, a good amount are speculators.
No EOS is not out of the woods until the Mainnet launch is deemed successful.
No I do not hate EOS.
I Will Buy Once the Dust Settles Post Mainnet.
"Randy the price could rise exponentially after Mainnet launch." I totally understand that logic but in my four years of trading crypto currency not once has, "Buy the Rumor, Sell the News", failed me as a trading tool. When I see that everything is running smooth I will begin to scale my buys and Dollar cost average my way into a position. I personally plan to HODL EOS for a long time. I am not making the mistake I made with Ethereum, Lisk, Dash, NEO and selling my positions.
I agree. 'Buy the Rumor, Sell the News' has worked for me as well. I see no reason why EOS would be the exception to this rule. The hype is strong, but I don't see what will drive the price even higher after mainnet launch.
I bought EOS for 0.5$ and HODL
As for ICOs... I see a common pattern: shortly after ICO finishes, token price drop significantly. That's was the case for all large ICOs yet. Can EOS be different? Maybe - it's a year long ICO after all. But we will see.
No to FUD and no to FOMO. Think for long.
How dare you come with this after your failed similar warning concerning the eosdac airdop? Just curious
I assume you missed the airdrop then? eosDac's dividend option will be incredible if they are voted in as a block producer .
No, i didn't but i sold my eos immediately after as hilarski predicted a serious correction which never happened...
U did what mr hoddler!! Now buy some more steem u bad boy!
Erm.... help me out with understanding that one mate?
That comment was meant for bubke.. sorry!
No worries just really confused me, have a good one.
Haha! Sorry mate. Bubke and i are good friend and tease each other all the time about cryptoss
No disrespect to @hilarski but there really is no amount of TA that can predict the crypto market. Bitcoin is intrinsically (but not exclusively) linked to every other token/coin check here.
Just remember that EOS is not just about the token price, I will not repeat my comments from earlier but EOS is too valuable to sell in my humble opinion.
Good luck brother, just hold on to that EOS :-)
I'm doing with eos what I did with eth. Bought a little and just hold to it.
In principle i agree, the hard part is always to catch the right moment... For selling the rumour the right time would have been early May at 20$, when everyone expected a further rise to 35... And can you time exactly when to get in? When things have settled and mainnet you might be well too late... As @zoidsoft wrote earlier, do you know where to buy mainnet eos in the early days. Remember segwit and the 2x disaster that ensued, did it harm the btc price? For that reason I d say it's more effective to try get in early after due diligence and then hodl...
Completly agree, catching the swings is the key to the kingdom which I why I use a trading bot.
Having eyes on the market 24 by 7 is the only way to truly profit from the crazy up's and downs. What happens in the crypto world is the equivalent of a year in traditional stocks.
"Buy the Rumor, Sell the News" that's the global rule to play in markets but talking about EOS i think is an awesome project an a awesome blockchain i think we will see a huge rise this day because this june they will have their mainnet workig. Regards
Any idea on eoseth?
I have set a sell order at 0.0234 🙄
One thing you are overlooking is all the airdrops during the transition if you aren't holding you miss out. ;o)
So be it
It's going to be interesting. Some sort of gyration should be expected with the switch. What will it be? That's the billion dollar crystal ball. I guess we'll have to read the news instead!
Here's our new Discord channel invite, so you can join us there.
One thing to consider is EOS tokens will be frozen for about three weeks, taking majority of the supply off the markets. Trading on exchanges are still possible but not transfer. With that little supply available I would not be surprised to see EOS pump to $30-$40 then dump before going back up again. There's also many airdrops announced that plan to drop free tokens to EOS hodlers at main launch. Everipedia is one of those that will air drop. Is very hard to speculate what the price of EOS will do in the short term but I believe EOS is going to be a major player in the space. Its trade volume is second to only Ethereum. EOS will likely be a #2 or #3 Crypto in the future based on market cap alone with #1 in scale and performance. EOS will be the first major blockchain live that really has no scaling ceiling, which will make it feel and seem like what users are used to in high performance centralized systems while still decentralized and open network like Internet.