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RE: My Strategy To Acquire EOS Tokens - Ether-Cost-Averaging
Are you only planning on using dollar cost averaging on your EOS purchasing? I really think there's value in doing the same for Ether too. If you pull op Ether's price chart you can see how volatile the price has been the last few months.
I'm personally not interested in Ethereum to be honest...I am only using it has a bridge to own EOS.
Same for me. But the fact remains that you need to buy Ether in order to get EOS. So for the purchasing of Ether you have a couple of options:
Buying a lot of Ether now doesn't seem attractive to me. Although we just saw a steep decline I still feel like Ether is quite expensive at the moment.
Trying to time the market to buy as much Ether as possible... A no go for me. I don't think that I can time the market.
So I will dollar cost average my purchase of Ether.
I like your point @beordo. Do you think ETH is still expensive or would you buy some at this point? (Its been two weeks since your post and the cost has dropped by about $40)
I am a true believer of DAPPS and EOS, Steemit and Bitshares and proving the way.
I look forward to hearing your thoughts! Cheers.
What I think about the current price of Ether is totally irrelevant. I strongly believe that I'm not able to time the market. I can't predict if Ether (or any other crypto for that matter) will rise or fall in the near future.
Once you believe that, the only prudent option is to dollar cost average your purchase of Ether.