2187 - ETH Revisited - EOS - BANCOR - CIVIC - PeerPlays
My post on ETH two weeks ago and what will happen on the long run did not go well with some. People in favor called it wisdom, people against called it trolling. To me it's just pure concern.
You can read it all here:
https://steemit.com/ethereum/@joseph/why-will-ethereum-fail
Today I will revisit with an article I read on Reuters news:
"Initial coin offerings" present dangers to investors, new challenge for U.S. regulators
ICOs have become mired in an ongoing industry debate, with critics likening the phenomenon to the dotcom bubble in the 1990s, while proponents say the use of such coins and offerings facilitates the type of innovation that could radically transform existing business processes and industries.
Read More
First what I want to clarify, I am not anti ETH for trading purposes, and do believe some projects launched on the ETH chain as tokens are legit. However, I do say "some" and that by itself will not save ETH from the bubble effect nor will it save it from an eventual collapse.
Projects I do not consider to be vaporware: MKR DAO - BAT - and soon to be launched EOS
I was greatly disappointed to see EOS plan of launching as a token on the ETH chain. But I guess that's a choice I have no saying in. I will have to plan my EOS investment carefully now and include my concern of an ETH collapse into the math of how much to invest and when to invest in EOS. I am not sure the plan is final, but we will see.
ICO Details here: https://github.com/eosio/eos-token-sale
Telegram: https://eos.io/chat
I repeat these details are not final. please join the telegram channel for EOS to get the latest information.
Bancor
I was not impressed, did not touch it. But if you did buy some good luck. I did not buy GNO neither and initial investors made money so I could be wrong about some tokens.
CIVIC
This one sold out in the presale, I was not one of the people lucky enough to buy any. I did not even know there was a sale by email. Too many ICO's to keep track of.
I will try to buy some in the public ICO taking place in a few days unless BANCOR is listed and dumps:
Why a Bancor fail might make me change my mind? because so far on all these tokens we had a chain of success after success on ROI, one failure might spark a chain reaction the other way.
My hopes on good ROI for these tokens gets slashed every time a big money grab takes place. I do not invest in these long term. And most are just money grabs.
PeerPlays is looking really good. I was asked if I am planning to sell some. Honestly when Peerplays was doing ICO I was at the edge of my 70/30 rule. 70% BTC 30% altcoins. So I made a modest investment of 3 BTC into the ICO. Looking back now, I should have gotten more a lot more. This is not a big investment that needs me to collect ROI, I see more potential in holding. Depending on price fluctuation I might even aquire more, this project is just starting.
That's not all the projects I am invested in. it's just an update on recent ones. Some others I can recall quickly, Qtum, Bismuth, HUSH, Steem, Zcash... all are great projects I hold.
Bitcoin recent decline? I am not concerned. August first will be an important date for bitcoin.
I am not giving you investment advice, just telling it like it is, if you do proper research you will be better off.
I agree with everything you are saying. I'm mostly disappointed that I won't be able to buy EOS with bitUSD or BTS. It could have been such an amazing boost to the BTS platform by offering EOS here first.
i also expected BTS will be some discounted way to buy some EOS
I mostly planned to buy in Bitcoin, and recent ETH price is a deterrent.
Yeah, the whole Eth pass-through is just another layer of complexity. If you have to go from Steem Power > Steem > BTC > Eth > just to get to some sort of atypical no-single-price distribution of EOS...
Well, I guess that'll help those who do get in early make more of a profit.
I think that ETH is going to be a top competitor to Bitcoin in the future. I was also looking into dash - which seems like another good investment. upvoted and followed @joseph @billbutler. Keep it up!
As of now we're broke so we can't buy anything at all. #selfpity
I will keep investing in ETH due to limited funds.
Cheers,
@yehey
https://QUE.com - I follow all who followed me. I think that's fair :)
My view is that they chose ETH for a specific reason in a year time. ETH is still minable, therefore less likely affected by big dumps (during the year token process), so to invest in transparency as a marketing label, for me is just a way to do strategy. Something is not being said. And I believe that selling ETH from an ICO will become a much more profitable choice than BTS for whoever has BTS by then. Then put something like a contract to allow BTS and STEEM to participate over EOS expenditure, and you boom BTS again (STEEM along... with it..).
But I could be wrong.
Interesting post, I appreciate reading your thoughts.
I have written a little bit about both Peerplays and Bancor recently. I also did not get involved in Bancor,but I am very interested to see how it will turn out and keeping a close eye on it. The idea of baskets of cryptocurrency where you hold one token but have exposure to several assets is intriguing. We will have to see what happens.
Peerplays I think has a bright future, I am excited to see it's progression. Are there any new updates on when some of the DAPs will be ready and when PPY will start trading?
Thanks, enjoyed your post.
This name "HUSH" and its logo are so strange. First time you see it, and it's like WTF? But now I'm kinda in love with the pronunciation and style. Btw good project, watching and holding for two month.
What's 2187 and 2040 ?
It's good you asked. Actually you are the first to ask. That is the number of followers at the time of posting. Gives me an idea what people like to read about the most. More followers means more interest. Less followers less interest. It's not the best way to gauge interest, but works well for now.
That's very smart. I should keep that in mind!
Thanks for your thoughts, I've been kicking myself about missing the Peerplays ICO. I'm dead set on absolutely not missing the EOS ICO! I wrote up some of my thoughts about it if you would be interested: https://steemit.com/eos/@trogdor/the-eos-ico-for-dummies
Thank you for all that info. wonderful post.
Where can you buy Peerplay or do you have to wait until it is added to an exchange?
@joseph what do u think what will happen whe eth will reach the price of btc as many investors r turning to eth and ico also so slowly people will loose their intrest in btc well btc has achieved a great price point now so it is possible for it loose its price as the people looses intrest in btc and move on to etherium
Wat u think😉
ETH taking over BTC is as much an illusion as Mass Adoption is.
@joseph but still no other altcoin has reached the milestone which etherium has reached so far #upvote
I am not taking away anything from ETH success so far by saying that, I am just telling people to be cautious about their expectations.
People tend to forget that although prices of some altcoins are in some cases already matured the companies and the technology aren't. Whether it is Bitcoin or any of the altcoins they all have issues, especially the altcoins are just in their early stages. Some will go bust and others will give you a nice return. When it comes to Ethereum I believe the have a strong and honest team which will do the necessary to make it a success as it has its potential, you can't deny that.
Upvoted and tweeted a link to this 👍
nice work man!