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RE: KABOOOM!! EOS PROFIT 283%!!! What's Next? The "Jaws of Wealth" Continues!!
@cyberblock, fuck, I bought at 19$. Not very clever move. Should have sold.
@cyberblock, fuck, I bought at 19$. Not very clever move. Should have sold.
People seem to have no clue about how good a deal EOS currently is. Anybody who thinks EOS is oversold or about to take a dive is an idiot. We are having a minor correction based on some recent FUD: the EOS blockchain is being tested as we speak & recently (36 hours ago) I heard that some of their testers/hackers successfully exploited an error in the coding which overwhelmed/crashed their test environment. So, it's causing some people "jitters" that a bug was found - and they fear more will appear. I do not think Dan Larimer makes too many mistakes these days. At least, this is his 3rd major blockchain launch, and the $16 Billion of the market-cap that are wrapped up in his projects are doing WAY more combined volume than several larger market caps, combined.
EOS is not even a "coin" yet - it is a "token." It's blockchain has not even launched yet and it's already top 10 of all market caps. Think about that and let it sink in:
THE EOS BLOCKCHAIN HAS NOT EVEN LAUNCHED YET, AND IT'S #5 IN MARKET CAP.
So, what do you think is going to happen when EOS.IO launches its' blockchain on June 1st???
Personally, this pullback was great for me - I've already used this opportunity and added to my long EOS position.
IMHO, EOS is the single biggest thing that's going to blast all cryptos into widespread use and adoption. It will likely be bigger than BTC and ETH combined, in just a couple of years. It is both the Ethereum Killer and the BitCoin Killer, rolled up in one.
A smart and famous crypto personality likened BitCoin to a Lion, and Ethereum to a Shark: both apex predators who rule within their own environment, but don't necessarily live or cross over into each other's environment. EOS will be more like an amphibious flying hydra, a legendary monster of myth, dominating all apex predators in all environments. It's leaps and bounds ahead of all other cryptos in its' technological design and implementation.
In the computer world, 5 years old is ancient history. BitCoin is a dinosaur. Ethereum has flaws and is several years old. EOS hasn't even launched yet, and it is quickly closing in on their market cap. I like both BTC and ETH - they are great coins and they both will continue to have a lot of value and use in the coming years. However, BIG MONEY is now on their way into cryptos and it just happens to coincide with the launch of EOS as well. Is this "just a coincidence?" Maybe. Maybe not. People need to look more closely into Dan Larimer, what he is trying to build, and who & what his father is - because it really does matter a whole, whole lot. It gives EOS an edge, almost an unfair advantage, over any cryptocurrency offered so far.
Just go ahead and wait for launch to buy in - but you will be regretting it, severely.
You can hurl all downvotes and cries of "Bull$#!t" at me that you want to. I won't even need to get revenge for any of it. My successful EOS buy-in strategy will be the single biggest factor in why I won't care about anything you do or say. I'll be too busy buying my first house and worrying about all of the money I now have to deal with. Some problems certainly are better than others.
When someone gets down voted for suggesting a coin is over bought, It's time to sell!
Making buy/sell decisions based on what the haejin-haters crowd chooses to randomly downvote seems to be a very poor trading strategy. Do not confuse a beautiful display of anarchy on the SteemIt platform for some kind of a message regarding EOS. These guys are not acting based on their support or opposition to any particular asset - they vote to harrass and discourage haejin and anybody who chooses to interact with his posts. The are extremely vigilant about enforcing their view of how they believe the SteemIt platform should be governed (or not governed). It has nothing to do with their thoughts on EOS.
After reading this comment, it confirms that it’s time to sell. It’s not even a token yet and way over valued. When people start chearleading this hard and believing it’s taking over the world, that’s a signal to get out!!!! Lol I’ve been in this market too long haha
I believe it will be a few coins that basically become the new world economy. EOS is definitely one of them. Once it's network launches, I expect the usual profit-taking, steep dip, lots of volatility, followed by a return to a fairer value. Yes, EOS is high for its' current environment - but it is the longest coin offering ever, and tokens are more widely distributed because of it.
20$ for a share in EOS is not overvalued, for the longer-term HODLer. EOS coin registrees are already receiving additional coin drops from other projects that will be working off of the EOS blockchain. EOS coin holders will be receiving many of these token drops simply for holding their tokens. This is not going to be a token that you sell - it is going to be a token that will continue to add to your longer term wealth as you hold it.
It can be short traded as any other asset, but once people understand its' many other benefits, I believe the day-trading on this asset will slow down.
Did you invest in a token without actually reading and understanding the "White Paper?" Shame on you. Better to "Do Your Due Diligence" before making emotional trading decisions based on SteemIt commenters who are "cheering for their team." I hold several other assets and asset classes as well. It would be stupid to go "all in" on EOS or any other token or coin.
@bi5h0p, I have had a pretty shortsited view on EOS to tell the truth. In fact Dan smart af and he's gonna make it real big.
Now that's an excellent comment. I'm actually seeing some real competiion emerging from China and even Credits seems to be pretty decent too. But I agree that EOS is #1 at the moment. Having a bug found is actually a good thing. It only means that the network would be far more secure and functional blockchain when it gets released in a month. Ethereum didn't have this privilege and look what happened to that. $50 would still be a cheap price for EOS (and also WTC) and since the day I got into cryptos (which was last year) I've been calling Bitcoin a relic. It's just pretty much dial-up internet IMO and Ethereum is more like a proof of concept/prototype.
At the moment I think Dash would replace Bitcoin and EOS would replace Ethereum. Great comment BTW. you earned a follower.
Just hold on to it and buy more when it dips. Thousands of people make the mistake of buying high, catching the hype. We all get tempted to buy success, even it is in over-bought conditions. You still have an advantage. Most people who bought high will be too scared to buy low, thinking the price will go even lower. That's where you can take advantage and buy the dip with confidence.