You are viewing a single comment's thread from:
RE: Best Time to Buy EOS or Any New Cryptocurrency?
I bought it yesterday at $4.75 when I created an article, then drop to $3.13 after a day.
https://steemit.com/eos/@yehey/blockmedia-com-report-new-token-on-the-block-eos-price-at-usd3-13
I'm also watching EOS, more supply is coming out and we just hope the demand is high as well to see a good returns. Maybe after 2-3 years?
Care to share your thought?
Follow me @Yehey,
Thank you.
The price might do well as soon as the 1 year ICO period is over. Or may take 2-3 years like you say. Either way, I have a hard time believing price will hold up while the ICO period is still going on.
There's one fundamental factor people are missing.
It's how profitable the system could be.
It does not matter if a system gets established to get rid of the central banks, it's the deployment that matters.
Key to anything is the execution of an idea, cause anyone could have great ideas. For the price to hold, I think 80% of all the amount invested to date has to come (I think it already is) from venture capitals, organizations, companies - not from the market. The market is only speculating at this point because there hasn't been any applications in their lives, not to mention not being able to add more to it (Which again, is what we wanna see happen).
Always remember, monetizing an idea does not happen in the beginning, it happens after execution. That's how riches are made.
I made an article recently that's quite related to what we are talking about, re: ICOs. Check it out when you get the time.
https://steemit.com/cryptocurrency/@stjohngo/power-in-concept