EOS - "Ethereum Killer?" Near All-Time Lows Overnight - $1.20 Amid Kraken EOS/USD Delisting - Coins Worth Taking Risks On #6 - Diversify Your BTC At This All-Time High
Fortune favors the bold, and I suspect the tides of fate will favor those willing to diversify into EOS early.
After the announcement that Kraken was delisting the EOS/USD (but not /Eth) pair, a violent trading session saw the price move up to a dime in the space of moments, finally bottoming out at 1.2000.
This is near an all-time low for EOS.
EOS is the project Dan Larimer, who I'm sure you know also created Bitshares and Steem, always truly wanted to create. Without getting too technical, it is slated to be very similar to the Ethereum platform, but both faster and with lower fees, due to a much higher transaction rate. Give that scaling is probably the main challenge Ethereum faces going forward, with network congestion and gas prices on the rise in the age of ICOs, EOS could be a massive sleeper. (Ethereum even planning a change to PoS related to this issue, a huge fork.)
Of course, EOS isn't exactly an unknown, sitting near the top of the assets list in market cap:
Aside from the technical reasons, there are a number of good sentiment reasons to pick up EOS now rather than later.
Here's a good one: EOS marketing is everywhere. EOS recently bought out most of the advertising at a blockchain conference, although I failed to take note of which. If one surfs the internet regularly for crypto-news, you will definitely see EOS, possibly as a full-front page splash:
An even better reason is the first EOS test-net is due to go up right around September 20. If you want to take advantage of "buying the rumor, selling the news", then the time to get in would be more than a week or two before when crypto-news sites begin carrying the story.
When asked about EOS at a recent convention, Vitalik Buterin seemed to acknowledge it's legitimacy. @dan made an excellent rebuttal here on Steemit as well, which you can read at this link.
Furthermore, given the structure of the EOS ICO is well known, further dilution via distribution should be accounted for in the market already.
Finally, one great feature that EOS is supposed to have after launch is the ability to lease your tokens/stake to the network for a regular return. I really like coins that utilize this feature, such as Waves (which I've written about here) and in a way, Steem.
There are two ways to get EOS. You can purchase them secondhand at an exchange such as Kraken, or you can contribute to the ongoing ICO which disperses new EOS every day until it has run for 1 year (non-US residents only):
Long-term risk level: Medium-Low. Assuming Dan is not hit by a bus, (not an impossibility) I am confident this project will not become vaporware.
Short-term risk level: Medium-Low. If you are not trying to day-trade, you can rarely go too wrong buying near all-time lows with promising fundamentals.
Suggestion: Pick up a few EOS now and store them safely in with MyEtherWallet. Set a few limit buy orders below market at prices you are comfortable with to add to your position. Hold at least 1 month.
Disclosure: I bought a bunch of EOS on Kraken last night. Feel free to short me if you disagree.
Please let us know in the comments if you have any questions, concerns, or ideas about properly pricing this coin!
Note: The above does not constitute investment advice, and I am not an investment adviser. Do your own due diligence. My returns may not be worth mimicking, so choose to follow my entry points at your own risk. I do not advise trading, but holding coins you believe in off-exchange, preferably on a Ledger Nano S (or better).
Source: Google, Coinmarketcap, Eos.io, Steemit, Cointelegraph, Coindesk, http://www.vincenteverts.nl, Amazon
Yes, this should be a good time to pick up some EOS cheap.
I certainly did so. Hope it pans out.
Buy, hodl, prosper.
Have already bought, am hodling and have great expectations of prospering.
Good article. I am a big supporter of Graphene, EOS and to date everything that Dan has worked on has been brilliant. But I baulked at the high EOS market cap considering it is still basically vapour ware. Been waiting for the hype to die down a bit before investing. To me this is what they intended with such a long ICO window they wanted to allow for proper "Price Discovery" and I think it's happening now as the early hype dies down.
I think you're exactly right. There was a great article talking at length about the game-theory of the long ICO - in short, it was the best way to try to be maximally fair to everyone and reduce volatility.
Thank you for your comment.
Dam, so what the hell, we can't get EOS here in the U.S. buying from the ICO page? Hmm...thats wack. Either way, I've kept an eye on NEOS...I think coin circulation is something to be looked at when determining a coins value. I always say since the market is so new, look at the trend that are already created in the industry. Coins that usually circulate aroun 200,000,000 usually are valued around $1 - $10 us....Just just a trend, not saying theres anything attributed to that...just whats there on coinmarketcap.com as a trend. See for yourself.
Hah, there's so many cryptos now I actually have to ask this question:
"Either way, I've kept an eye on NEOS."
Do you mean NEOS (as in NeosCoin), NEO (as in the chinese Ethererum, formerly Antshares) or EOS?
EOS, sorry bro...yes I meant EOS
This comment string is setting off my "shoeshine boy" alarm.
LOL.
Hi @geechidan yes you can get EOS here in the U.S.
You can buy EOS at Changelly.com -
EOS token is on FIRE - in route to $2500.00 USD after ICO ~! How to buy (outside of ICO) and store EOS with no questions asked!
https://nandibear.com/eos-token-is-on-fire-in-route-to-2500-usd-after-ico-how-to-buy-outside-of-ico-and-store-eos-with-no-questions-asked
Hmm...Do you know anywhere that I can buy Bitcoin with a Visa/Debit that actually makes the process easy to buy in the U.S.
Hey @geechidan yes you can buy Bitcoin with a Visa/Debit card at Coinbase.com.
When it comes to instant buy (bank card/debit card/visa/mastercard) they often verify you automatically with you name and date of birth right when you open your account and you are free to use your card to do instant buys.
In other cases they request that you upload a pic of the back and front of ID and then take a picture of your face. It's verified in 5 minutes or less and then you can do instant buys with you card.
https://www.coinbase.com
Take note, however, that their support is practically non-existent (email only, can take months) and their ID verification can often fail (if you google you'll see it is atrocious.)
I literally had to buy another laptop to get the damn thing to read an ID image.
Take note, however, that Coinbase support is practically non-existent (email only, can take months) and their ID verification can often fail (if you google you'll see it is atrocious.)
I literally had to buy another laptop to get the damn thing to read an ID image.
surpring move to kick EOS, but could be natural according to the lenghty ICO and it's exact in line with Dan's intentition and exchanges concentrate more on exciting high cashflows. Thank you for the tidbit.
They've only kicked the fiat/illiquid pairs. You can still buy it with Bitcoin (at Kraken).
Buy EOS tokens while they still very cheap and just keep holding it till it have pass and beat the Ethereum price!
I'm not sure about the last part (I may get nervous and sell before then), but that's essentially the idea!
Thanks I'm following you how to I buy EOs from the uk what is the easiest way and advice will be appreciate thank you love n light to you with an upvote thanks for the upvote @lexiconical
I think since you are in the UK, you can use the smart contract for the ICO if you like.
Alternatively, you can get it at Kraken, which is where I did.
This is one of the subjects that I can humbly admit I know nothing about. I will have to look into it more. Thank you!
Happy to help! Keep up your reporting!
Thank you, I most certainly will :-)
#197 Dan Larimer: EOS - The Decentralized Operating System: https://epicenter.tv/episode/197/
Kraken's delisting notwithstanding EOS can hit $5 before Q2 of 2018. Let @dan go get it on all of Asia's big three: BTCC, OkCoin and Huobi
As long they continue to focus on creating value, the token price will speak for itself.