This is a Warning to All the Crypto Newbies.
Unless you are an experienced Crypto trader I do not recommend jumping on the EOS bandwagon.
"EOS Price Soars 30% as Airdrop Nears amid Wider Market Rally"
The present EOS rally appears to be primarily connected to the eosDAC airdrop, whose blockchain snapshot is scheduled for April 15.
Now I am Warning You, The Price Will Drop Post AirDrop.
Randy, I am a Bitshares, Steem and EOS fanboy or fangirl and I believe EOS will go to the moon. Well, here is a gif for you.
Wake Up!!!!!!
How Do You Know?
Call it years of experience in the crypto space. I am not here to hodl your hand and sing Koombaya while promising your crypto bags will go to the moon.
What I Will Do with My EOS.
Within 72 hours of the Airdrop snapshot I will be selling every last one of my EOS. I don't care about the Airdrop. I care about profits. I will then buy back my EOS at a discount a few days later. Which will net me more EOS at a substantial discount.
The Outlook for EOS is Bright.
I am quite positive concerning the longterm outlook for EOS. Unlike most of the community I want to help you make an informed decision. Buy now and risk taking a 50% or more haircut in a few days or wait and pick up some post airdrop at a discount? What will you choose and why?
Whoa EOS is causing headspin
Everyone loves airdrop so bad that they may not see profit coming.
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There will be blood in the streets post snapshot. I am just warning my Steemit family.
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I completely agree with you. Unfortunately a lot of people will not profit from this because of FOMO and will not temporarily sell..
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I already have over the minimum 100 EOS for the automatic airdrop. Does that mean that it shows up automatically as a separate token named EOSDac?
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Check out the video. I know with 100 you qualify. I am not participating.
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The video didn't say anything about how it shows up just that it's "automatic".
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Well, we see a drop in eos price. However, it wasn't bloody one. Just a small correction about ~15% after gaining 40% and still getting the airdrop tokens. Not a bad at all
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@hilarski, PLEASE answer this one, at what level do you roughly estimate that you can buy in again? I have trust in you but i think that eosdac was not the only reason for the climb. Would you set your buy-in at 20% less or even more?
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Thanks for that post, was in fomo yesterday. But didn't stacked more at this price...
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Good advise indeed :-)
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Awesome!
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Thanks for spreading the good word, Randy. There's definitely a lot of FOMO out there. Even though I'm involved in eosDAC, I'm not sure we have much to do with the price at all. EOS was holding really strong while so many other cryptocurrencies were tanking during this last correction. It was ready and waiting to pop. I think people see a correlation with the airdrop and then assume it's causation.
I'm also confused why people are buying eosDAC right now, when in a few days 900,000,000 tokens will start showing up for free in people's wallets. Sometimes the crypto markets are so irrational.
My daily reminder has been "Buy more EOS" because I still think it's undervalued at any of the prices it's ever been at. The more I dive into it (I've been really active the last couple of weeks), the more impressed I am with everything that is being built. I think for those who hold long term, getting EOS is a good idea. For traders, I think you're right, buying at the top of a FOMO run doesn't make much sense.
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@lukestokes although I Love Randy I somewhat disagree with EOS dropping Big after the Air-Drop. If it does then I guess I could just add to the position that I am not TRADING anyway........................
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I also believe in accumulating EOS. I am just worried about all the hype in Crypto groups. "Did you see the EOS move, better jump on board?" That stuff worries me and every Airdrop I have seen has the same outcome.
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Will prolly do the same bro. Agreed that it will drop af. I just wish I had more time for trading these days!
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Great Thoughts You are learning well :)
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Why thank you Todd!
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I can’t believe airdrops are happening on WOS before it even exists. The current tokens are not real EOS tokens, just placeholders for the soon to be launched EOS blockchain.
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I've got no problem with it. ERC20 makes it so easy to do.
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That depends if you have to register ten different ERC20 tokens on the EOS blockchain after launch. Suddenly becomes less appealing!
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How did I miss this? Another excellent example of why you should hold your coins in a hardware wallet not on an exchange.
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i sold some not in the FOMO mode experience save us
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I was thinking about temporarily selling because of the price rise - but I was wondering if the price will also rise in anticipation of the ICO ending? Do you think it will drop well before then and then maybe rise again?
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My post is strictly concerning the Airdrop. If you hold you will be fine. I just want to help folks profit as much as possible.
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I agree that I’ll be fine if I hold long term. I asked because I misunderstood the timeframe (April - May). I get it now - its a snapshot on the 15th.
Thanks for replying though :)
What do you make of EOS dac?
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I have not looked at it but I know @LukeStokes did this post about it. I trust his view 100%. https://steemit.com/eosdac/@lukestokes/a-big-step-towards-our-decentralized-future-i-ve-joined-the-eosdac-launch-team
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Didn't see that - thanks!
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Thanks for your advice!!! I am going to wait!!!
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I'm afraid of the crypto market now !! Because I have failed many times.
Your analysis is very good.....informative articel
thanks @hilarski
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The best time to buy is when everyone is afraid.
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ha ha ha !!! but i am not you !! i think ,your analysis is your success !!
Go ahead @hilarski !!! i am waiting for your next informative article
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You should be him, that is the best advice you will ever get!
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Thanks @bubke.... for good comment !
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Yep, experiences tells me this is exactly what will happen too. Taking the initiative and leveraging the price drop to your advantage is just sensible trading.
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I have been already FOMOed, actually I ended up buying some Tokens when it was around $15.lol I was new on crypto space and didn't know much about such things by that time. But now I don't bother to hold them since I don't own that much to worry. Thanks for the article.
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Nice post and I agree and have already started selling :) I ll dump the the bulk part any sec ^^ maby I ll try get the airdrop but will hardly be worth it!
Peace!
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I’ve never understood issuing tokens using ETH that will need to be converted later.
I will wait until this summer to get EOS. Maybe I’ll miss out on some profit. So be it.
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It's estimated that block one will be collecting $5Billion worth of ETH during ICO. What do you think they'll do with all that ETH after June 1?
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That’s one of the many things I do not grok about EOS.
I’ll be the first to admit that @dan is smarter than I am. Maybe he’s playing 4-dimensional chess while I’m grinding it out at poker.
Meh. There’s a lot of money to be made in crypto. If I don’t do well with EOS, there are still many opportunities.
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I'M extremely hopeful for the EOS project.
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Unless of course you do not have over 100 EOS in your wallet to get the auto airdrop..
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Beautiful post......eos means electro-optical system.........
Upvote done...... @hilarski
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Sound advice again thanks Randy.
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How would they know that I have EOS in my EXODUS wallet and if they, where will the eosDAC land? Anybody an idea?
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All we have to donis HODL ...
That is what we have been doing and will be doing ever after.....
When yiu sell your EOS sell them to me at minimum profit...😁
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The sky, the wind, the moon, they
They are my love witnesses.
The school was standing alone on the pond alone
It's good to be there
That's why au
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I don't think that after the Airdrop snapshot will fall a lot, this increase is mainly affected by the election of the eos node. Node election is very fierce, especially in China.Yesteday, the bitmain Participate in node elections, many people think this is the most important factor.
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50% drop post airdrop. I bet you 1 SBD
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50%? I think not. I'm not selling until $50-100 which is high likely if this project does what its expected to do. I don't gamble with short selling and buy backs. Too much risk for this insanely high cap token.
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