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RE: My Strategy To Acquire EOS Tokens - Ether-Cost-Averaging
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:
- Buy 10 Ethers now, to divide among the EOS ICO windows over the course of the year.
- Try to buy Ether as cheap as possible so that you can get as much EOS as possible for your dollars.
- Dollar cost average your purchase of Ether.
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.