RE: Why you should NOT buy EOS on the first ICO!

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Why you should NOT buy EOS on the first ICO!

in eos •  8 years ago  (edited)

No i like the long term model. What i dont like is there is no max price cap. I know in this model max price wouldnt work in this case. Im not sure how to solve it. But to buy without a max price is very dangerous. Its like you give all your money and dont know how much you will get. I like the idea of fair price for all but becuase of the hype situation this model is not very confident for me.

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  ·  8 years ago (edited)

What max price cap? This model completely fixes the hype situation. No, you don't know how much you're going to get, just like if you were mining. There's an element of randomness and this is a great thing. It is a solid effort to disincentivize speculation and market manipulation while concurrently creating a more fair model that has a stronger appeal to actual developers, instead of schemers.

  ·  8 years ago (edited)

When im mining im not sending 5k$ - 15k$ or more to a company without knowing what to get. I understand your point but you cant compare that with mining. Some People will send alot of money in this. Believe me i really want to support eos and all but cant understand this initial sell. Maybe im really missing something out. And thank you for youre opinion. I believe in talking and not closing eyes for things i dont like

If the majority of participants do, like you, decide to stay away from the 5 day window. You are better off actually allocating in the said window. If "timing" is of concern, you should just dollar cost average in. So say you want to allocate 100 eth to eos. Then allocate 22.22 (200,000,000/900,000,000)*100 in first window and then .22 eth every day for then next 350 days.

i stay away and give you a better portion. It doesnt must end bad for you but the possibilty is high here.