What is Your Advice on Buying EOS (EOS) Now at $1.62

dogeking (57) · 7 years ago

Even though it is created by Dan, I personally don't support the EOS ICO for its' 360 day uncapped ICO. I don't know if that was changed though.

But on an objective note, I don't think that is the floor price yet. I'd wait for the next ICO window and compare that with market prices.

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robert-call (57) · 7 years ago (edited)

I bought my first ETH at .94 cents and it "Dumped" all the way down to .70 cents... lol

Just bought some EOS today. I think we could see it as low as 50 cents, but if it's successful at challenging ETH then these small price movements will be a joke in a few years.

EOS should be a 2-3 year minimum hold. Not day traded. IMO

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5 votes

bitcoin rollercoaster.jpg
https://steemit.com/crypto-news/@outerground/the-altcoin-price-volatility-curve-explained-in-a-simple-infographic

outerground (63) · 7 years ago

This infographic.. I designed to explain recent events in the altcoin is all you need to know ! ;)

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tahneereece (41) · 7 years ago (edited)

Totally agree, I feel that is the problem, everyone expects such a quick payout, when it drops they sell too quickly. I feel if you are going to invest into something such as ETH or EOS you need to ride the waves and just leave it alone. Especially now so early in the game.

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zeartul (69) · 7 years ago

Yup waiting for it to hit $.50 a pop.

quickfingersluc (60) · 7 years ago

Im not sure if you follow my blog, and know my strategy but basically I take safe trades based on the chart action. All of the breaks of Bases/Support areas are opportunities for a trade that will bounce and give profit :
So if you buy in those circles, you could easily sell the next bounce and start accumulating free EOS coins for the future, without any loss from you pocket.. There is a clear base right now at 1.35 so I would buy any crack of that base that has some panic selling.. maybe near 1.00 or below...

Now what do I think will happen long term with EOS? Well since there ICO will continue for a YEAR!!! omg.. thats alot of dilution.. and in cryptocurrencies, a coin is old news in a few weeks.. theres always something new to attract everyones attention.. So while i really believe in the project, I think it will be under great pressure for a while and I will start to hoard a position at lower prices..

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6 votes

jordanlindsey (57) · 7 years ago

I definitely agree, this is a great strategy if you believe in the long term prospects. Much easier in a bull market but super effective.

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dpol (47) · 7 years ago

Big shout out to @quickfingersluc your videos introduced me to cryptoland, and your strategy is solid. Thanks!

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quickfingersluc (60) · 7 years ago

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techwizardry (65) · 7 years ago (edited)

From what I can see on the EOS charts, it looks like a classic P&D.

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jordanlindsey (57) · 7 years ago

A lot of resistance levels to clear though on pushes to the upside.

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najs1crypto (46) · 7 years ago

@jerrybanfield made a nice video on this:
https://steemit.com/eos/@jerrybanfield/best-time-to-buy-eos-or-any-new-cryptocurrency

He's recommending to wait for 1 year before buying into a new coin for the market to solidify. He has some good examples.

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interpreter (53) · 7 years ago

I don't trust that guy

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ideagenerator (54) · 7 years ago

I would say a definite buy @outerground 's picture speaks volumes

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ew-and-patterns (70) · 7 years ago (edited)

If you are in it for the longterm and want to hold for at least 2-3 years this is the time to buy in.
I personally do not trade new cryptos because they are not established yet. They have not shown that they can keep their value over an extended period of time. Many cryptos go to exact zero after the initial hype. Yes you might win big if it goes up again, but who knows?
What I do is I scan for volume spikes if the currency has kept its value for at least a year (better two years) then go with the flow and buy again the first dip.

EW analysis:
I looks like a double ZigZag correction is over or about to be over. If you see a spike up above 2.35 it is likely that the correction is over and a new upmove could slowly develop.

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exavier (50) · 7 years ago

@jordanlindsey Appreciate the invite to share my thoughts on this.
@quickfingersluc is correct that you could practically speaking do some short trades to profit off of this. I've done similar with Antshares and PIVX successfully. Long term? Hard to say.

@kaizentive is correct that people invest money they can afford to lose but aren't comfortable losing.

I'm not as sure on the long term prospects of this. Much like Ripple or IOTA I see lots of potential surrounded by lots of controversy. Controversy isn't always bad look at Eth or Bitcoin, but people also are skeptical for a reason. The lenght of the ICO for instance does seem strange at the very least.

Should you invest long term or not? That really depends on how confident you are in this. @rabbt pretty much covered it. It's almost guarnteed to gain some vlaue.

Right now the price is all speculation. I'll probably buy some low, sell some high, then like I did with Ripple hold onto a little on the chance it takes off. I see it as 50-50 chance. Without more proof it's really a gamble at this point and just depends on your faith in the dev team to deliver what they promise in the long run.

jordanlindsey (57) · 7 years ago

Nice recap of the conversation and pointing out some of the beneficial comments. I appreciate you @exavier

Also glad you mentioned PIVX because I have been meaning to pick some up for the long term and this seems like a possible entry.

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exavier (50) · 7 years ago (edited)

My pleasure glad I could contribute.

PIVX is another I'm on the fence on for long term. Not holding any current bought it for under $2 then sold it when it went over. Been debating on buying more. While solid I feel it's somewhat overvalued since other coins such as Novacoin and XVG are pretty comparable if not better in some respects. I will say that PIVX has an active community and the dev team seems solid. Might buy a little of that just to hold onto and see where it goes.

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dreamiely (63) · 7 years ago

Hi @jordanlindsey, I agree with @forward-thinker, prices haven't hit rock-bottom yet. ICO is still open though, you might want to check in daily contribution status in last hour or 30 mins of every ico window, and gauge which path will give you more value on your money- buy in the market or join ico. Goodluck!

jordanlindsey (57) · 7 years ago

Can anybody add to this?

"which path will give you more value on your money- buy in the market or join ico"

How do we know?

dreamiely (63) · 7 years ago

In every 23-hour ico window there is a set 2M eos tokens for distribution. Your tokens from ico is computed as- your contribution over total contribution. Example you sent in 1 ETH and the window ended with 4000ETH contribution. Every ETH contributed is given 500EOS in this case.

You can compare this at the current market price, how many tokens will you get for 1 ETH if buying on the market?

Hence the reason why I mentioned viewing ICO contribution towards the end of the 23-hour window. No guarantees though on ending contribution of course, unlike in market purchase where you know exactly how many eos tokens you'll be getting.

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jordanlindsey (57) · 7 years ago

Yep, a lot of sense. Following you for more

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dreamiely (63) · 7 years ago

Thanks for the follow and goodluck! ^_^

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altcoinlife (42) · 7 years ago

I think that EOS is at a great price to buy right now. Cryptocurrencies are going to bounce back. A combination of things, like all of the ICO's being bought into daily for ten of millions of dollars and then dumped for 2x to 4x returns, are making the market volatile while it adjusts. Ride the wave!

champagnecrypto (65) · 7 years ago

EOS is now available on Exodus and Shapeshift! Just picked up a few. kaBOOM!

jordanlindsey (57) · 7 years ago

I hope we see a nice POP in the coming weeks @champagnecrypto! I will sell a portion into it and look to pick up more at a later time lower. Right around these levels when this area is tested again.

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tahneereece (41) · 7 years ago

This is what I am doing.

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forward-thinker (38) · 7 years ago

The bottom hasn't been hit yet. It will level out below 1.5 for sure. The first window price was under 1$ and the second around $1.25. I believe the bottom will be closer to $1.25. Remember that new tokens are still being issued each day. There is no shortage of supply.

I am very bullish and want to hoard some myself but after my purchase in the first window and then the one at $6 I had to liquidate all of my holdings so I could break even.

Once the bottom is clearly hit I will buy up a large amount to hedge my ETH holdings

jordanlindsey (57) · 7 years ago

Using your analysis so far I am leaning now toward buying around here now (1/3 of my desired position) and with another 1/3 order in at $1.25 and leaving the remaining 1/3 position open just in case it drops below $1

Thank you @forward-thinker for your insight on this

forward-thinker (38) · 7 years ago

That is a solid plan

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erickpinos (52) · 7 years ago

Thanks for those numbers @forward-thinker, I'll be dollar cost averaging my way in.

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wilkinshui (69) · 7 years ago

thanks for inviting. I would put EOS in my portfolio because it is part of Dan's family and it is an upgrade of decentralised concept of bitshares and steem. I guess the value will go up when the dust go away.

niallsemple (44) · 7 years ago

what needs to happen is a steady increase in value in crypto. now you guys might not think it but bitcoin is going to be bigger then it is today. so make sure you guys keep a eye on it for the next few years.

jordanlindsey (57) · 7 years ago

Yes, indeed. We need to think it terms of years not weeks or months. The market cap should explode within the next 5 yrs.

niallsemple (44) · 7 years ago

all we need is another big explosion in the price and we will be millionaires, lol

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davidwallace (42) · 7 years ago

Yep, it's definitely leveling out and most likely undervalued. I could see this rising back up but not at the speed that it did before

jordanlindsey (57) · 7 years ago

It might take some time before (if) the highs are tested again. But we should see a sharp rally in all crypto once this bitcoin mess is resolved - which it will be

dmae (55) · 7 years ago

One of the main things I dislike in cryptocurrency world is the insane greed that's currently plaguing it. I get it, people want to make money but please be reasonable.

EOS is the definition of greed. They have a no working product and an uncapped ICO that will be running for a year basically like a Ponzi scheme.

Don't get me wrong. It might be amazing and might revolutionise internet in a few years but they are currently valued at 350 million dollars (used to be billion....) and all they have is an idea and a flashy website.

Sorry but I wouldn't recommend it until they actually have something that works.

jordanlindsey (57) · 7 years ago

I hope in the success of EOS because it will directly affect the value of Steemit having the same founder.

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dmae (55) · 7 years ago

Same here. But I wouldn't invest until they actually have something that works :)

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valderrama (58) · 7 years ago (edited)

Thank you for invite @jordanlindsey

Very interesting but very dangerous as well.

An ICO for a year? Unproven tech?

Essentially they will be selling an unproven token to the public priced on future promises.

We all know how fast development can go in this industry.

You might have better odds betting on a number on a roulette table.

jordanlindsey (57) · 7 years ago

Things are moving faster and faster. Good point about the ongoing ICO for a year..

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valderrama (58) · 7 years ago

It would be a different story if they would have an ICO in a month time and their roadmap points them to release first proof of concept within another month.

But to have it go on for a year.... a loooooot of things can happen and change in a year time.

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anahowa210 (45) · 7 years ago

I see a lot potential in Eos as a long-term ( 6 months to 1 year ), actually, my idea that keeps me from it at the beginning, it still the same, after 2 Monday massacre in just one month, Trades fear to risk investing a new ICO, they keep it safe targeting the major altcoin to avoid unpredictable loss.

jordanlindsey (57) · 7 years ago

I think it is important to have the majority of our investments in the major players and only use a small portion for high risk investments such as a new ICO. Just like in the dot com bubble (we are not yet near a crypto bubble IMO) IPOs would jump. There is plenty of money to be made on ICOs just now when to get out. EOS seems like a long term play which is why I am interested in the community's opinions on buying.

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success101 (34) · 7 years ago

I think it's not a good idea to invest in EOS at this stage but then again I'm the kind of person who would rather buy a coin at $40 to see it reach $300 rather than buy a new coin at $2 which may possibly perish.

jordanlindsey (57) · 7 years ago

Is it possible to sell short alt coins? Take those with a market cap of under 1 Million and sell them.

cryptonews-24 (40) · 7 years ago

buy now , going high

jordanlindsey (57) · 7 years ago

EOS back above $2 and +24.13% today

aadi (41) · 7 years ago

Hi Eos is good coin you can bankable on that but not only eos all alt-coins effect too much because of market volatile
please be patience until august everything will be fine in the market.

jordanlindsey (57) · 7 years ago

I think so. Once the whole bitcoin saga works itself out we should rally back toward the highs at least to test them.

xplosive (62) · 7 years ago

No one can see the future but at the moment I think it's a good idea to buy it now (if you have money) and hold it for long term like 1-2 years or more.

jordanlindsey (57) · 7 years ago

I am staking as much as I can. I won't sell until my mom is talking about crypto

mehdibca (64) · 7 years ago

If you believe in the project then yes it is a good opportunity to buy even though I still think that it could go under a buck. About only 20% of the total supply of tokens is circulating, so it is tough to make a call here.

jordanlindsey (57) · 7 years ago

I see it very much the same way you do. Since I do believe in the long term success of the project I am thinking of buying a portion here but expecting to load up lower.

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jaimewilliam (53) · 7 years ago

EOS is a currency that will raise its price, is a currency with a good team behind and its caput is well above other currencies, more than 100ken BTC AND 1 Million ETH in investments are a good backup. These heavily backed coins withstand strong waves. By the end of July you could pick up about $ 3.00 to $ 4.00 approx. @jordanlindsey

jordanlindsey (57) · 7 years ago

I am thinking the same. Even if $ 3.00 to $ 4.00 is not maintained for an extended period of time we could see a spike towards those levels toward the end of the month.

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moksamol (50) · 7 years ago

I do not have time to do detail checking about EOS but I will do. Thank you for good post.

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stokjockey (70) · 7 years ago

Well EOS was added to the EXODUS Wallet Update so that should bring it to the Attention of holders of this Wallet. I may look to enter some.

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jordanlindsey (57) · 7 years ago

Thanks for making me aware of this.

minnowsupport (70) · 7 years ago

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If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.

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kishore1988 (51) · 7 years ago

Hi jordan
Given the volatility in the market it is better to watch closely and do not take extreme risks at this time.

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jordanlindsey (57) · 7 years ago

I know selling into the drop would probably be a mistake. Seems to me 3-6 months from now that not buying during this drop will also seem like a mistake. The industry is going through an enormous growth stage.

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vischangefitness (38) · 7 years ago

@jordanlindsey I'm rather new that this but I am in it for the long haul. I see the potential for it to rebound. New markets like this will always be rocky but I have seen better results for those who stay in then get out. Of course I'm not as invested as others but I am not going anywhere.

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jordanlindsey (57) · 7 years ago

That is really a good point. Buy and hold for the average investor is more profitable than trading.

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stephenhenkel (37) · 7 years ago

Don't. EOS is more buggy, has a less experienced team, and doesn't provide the same communication that new projects like FunFair do.

EOS is bloated af and they're hurting ETH in general. They liquidated sure, which was a lot better than dumping, but even so, they're product now isn't as good as some of the things FunFair is testing.

Fate channels are the future. I could care less about gambling, but the tech is fucking awesome.

1 FUN is less than $02. And it's up when most are down. The choice is obvious for me, but I could be wrong.

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stephenhenkel (37) · 7 years ago (edited)

That being said, I'm trying to buy FUN back in on the low, so don't buy yet :P

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jordanlindsey (57) · 7 years ago

That is interesting as gambling and porn kinda always lead the way on the internet in tech. I of course don't want to support either in any way. Going to research Fate channels, thanks @ stephenhenkel37

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ahmad8 (48) · 7 years ago

if you have EOS on you already, then certainly hold on to them as the market is going through a correction phase. And if you haven't bought any, then it's a phase we all should take advantage of. Think of it like a period where cars prices drop really well, wouldn't you seize the opportunity to buy a car - whether for trading purposes or for personal use.

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simmak (25) · 7 years ago (edited)

Hey man if you feel like buying then go ahead and buy it. Buy in moderation is what i will say. Thanks for the invite @jordanlindsey. These prices are going up and down due to bitcoin segwit process which i think is the most probable solution for the current lag in bitcoin transactions. I dont think bitcoin will be broken down into parts like ethereum. So if you have the guts to buy some eos do so but in moderation for we dont know what's in the future for us.

Thanks for the invite again @jordanlindsey.

Upvote, COmment and Follow me. See ya.

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smeg (33) · 7 years ago

Don't worry about it. Buy SALT! https://membership.saltlending.com/?r=idZCN

Its still at $1.50 and going to $3 VERY SOON!

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teddy7 (48) · 7 years ago

Wait till above 26th of July

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jrose1010 (44) · 7 years ago

I believe the price will drop even lower. I wouId wait a couple weeks

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jcsteem (59) · 7 years ago

I believe this is a good time to buy In general.
As far as EOS this may be a good time to get it as well at the price it is now. You would think it will definitely go back to $4.50 at least. Only time will tell tho I guess. Good luck & Steem on :)

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elton474 (48) · 7 years ago

If you are in for the long run i think is worth it (i dont own any) , my point is that it's a good time to buy and hold , i bought some cheap coins and will keep them in my wallets . I'm not in a hurry :)

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kaizentive (37) · 7 years ago

I am not a pro financial advisor and even if I was I do not have a crystal ball.

As always, buy when the market is low. Buffet says be greedy(buy) as people panic and sell when people get greedy(price is up). (That I know of Warren Buffet is no financial advisor either but, he did pretty well for himself.)

My two cents is that if you want to hold a position ie. 47 EOS buy bit by bit over a few days until you are there at 47. If you buy all at once you are risking the down trend. If you buy a little at a time you spread your hedge. Look at the long term and draw a line above and below the channel to see the trend. Only invest money you are comfortable losing.

Some people invest money that they can afford to lose but are not comfortable losing. Big difference!

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jarib (46) · 7 years ago

Wait, it will go down even more.

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mtkhan (53) · 7 years ago

I think It will dump even more. So wait until it gets changed its trend

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lordtricky (46) · 7 years ago

Personally i think it wise to wait for august myself, its difficult to speculate with so much going on in the crypto markets. I'm aiming to keep hold of bitcoin so if there is a chain split i will have coin on both chains :)

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frankzy (40) · 7 years ago

this is the best time to buy and hold

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digitalking (58) · 7 years ago

Seems like the the bottom hasn't been hit yet. I agree with @forward-thinker. I would be waiting ...

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cryptopy (40) · 7 years ago

The crypto market going down in general I would only really pick this up if it went to something super low, I would look for a 100% retracement for a quick bounce but don't expect anything big right now, keep a look at the stoch RSI though or MACD whichever you prefer to see the momentum of the coin. Also what luc pointed out. You could also wait for a break of the support level to go for a quick trade.

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rabbt (43) · 7 years ago

EOS should be held long term with expectancy to verify value when the technology is publicly released. Price of EOS before this point is only speculation. That being said, most ICO Token prices that move past concept and into a proof of product will see a decent gain as the project moves forward. As a result, it is in my opinion that EOS is a safe buy under 2.00 USD. However, risk is always involved in a concept and large holdings should consider extreme caution.

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misterholland (38) · 7 years ago

With the potential the EOS could have I think this is a good price, but overall I don't prefer investing in Ico's

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vimeo (42) · 7 years ago

Buy twice as much than you wanted to and sell half when the price is double. Simple and easy, if you buy with ethereum do it now...

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mahermazhoudi (29) · 7 years ago

i see thinks comong more better ;)

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rdcglobal (38) · 7 years ago

Thanks for the invite to share my 2 cents... this is my personal view on eos for now ( if abc consolidation does not get invalidated ) i own some and will be adding more if it goes down further... it needs to break and stay above those resistance lines ( red ) to get good confirmation that it has resumed the uptrend. Still waiting for BTC and ETH to finish consolidating before the whole cryptoland resumes the longterm bullrun. http://imgur.com/a/AeUp7

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everydaycitizen (37) · 7 years ago

Just another asset to hold long term. The win is in a hold beyond 6-12 months. Keep stacking buddddyyy!

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hausbau (41) · 7 years ago

Hi Jordan,

my opinion: I would buy as much as I can afford to lose.
It's not a day-trading coin, it's long term investment.
I hat the chance to buy ETH @ 46US$ and it rocketed to 400$ max...
The 0.70 is the best possibility to invest in the future, as long term, all coins will gain!
If you can "forgett" the coins going 4 years into the jungle, when you come back you're milionaire.
EOS will have an average price, which is set when you buy. I will invest myself every month a fixed ammount of 200€ in EOS, no matter what the price is. It's 2400€ during 1 year. I'll then let it be during 2-3 more years. Then we will see...
This should give it a good time to establish a quite fixed price. But today I'll buy for 1200€ as they are extremely cheap.so totally 3400€. Then we will see...
That's my investment plan.
Enjoy and we'll talk again in 4 years ;-)

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hausbau (41) · 7 years ago

btw: have you seen my last blog ?
@hausbau have a look follow, vote, reply and spread the word.
I resteemed yours too. Thank you !

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ilyastarar (64) · 7 years ago

I am no expert (yet) but EOS has some promise to fulfill. It's still at $1.62 as I write. I'm waiting for the market situation come end of July. You'd like to research it more.

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interpreter (53) · 7 years ago

I see no advantages in buying EOS I'll wait until ETHOS go PoS

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screenname (66) · 7 years ago

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See the full rankings and details in The Daily Tribune: Jul 11 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

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jordanlindsey (57) · 7 years ago

I agree. It is undervalued. How about some love people!

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xpilar (83) · 7 years ago

Interesting article @jordanlindsey
Followed, upvoted and resteemed.

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abou (38) · 7 years ago

my only concern with EOS token is its intrinsic value. I read that on their website "The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform."

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rabidusfilms (42) · 7 years ago

Oh wow. I am going to check it out as well. Thanks for sharing.

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rabidusfilms (42) · 7 years ago

I'm just hoping that it stays down for a while to give me more time to help my friends buy in. I don't know much about EOS, but I am defiantly going to check it out. Thanks for the post.

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amdinesh (34) · 7 years ago

Very helpful article Thank you

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vegeto (52) · 7 years ago

not right time wait a while, as more coins comes to market we may see dilution (2m per day)

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cryptohustler (51) · 7 years ago

By the way thank you for the donation 😎

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nschairer (45) · 7 years ago

I would say hold long term until next year

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