Why you need to be careful investing in EOS

Here is why you need to be careful with investing in EOS:

Total Supply
1,000,000,000 EOS

Circulating Supply (at this moment)
200,000,000 EOS

Only 20% of the total amount of EOS is already in circulation.
Every 23 hours, for the next 341 days, there will be 2,000,000 tokens issued.
Which means 682,000,000 will be issued next 341 years. In total there will be a circulating amount of 882 million within a year.
That means 118 million will be released after that, normally 5% a year.

If we do some simple math, we see that with the current price of $4,30 (moment of writing), the market cap will be $3,800,000,000. In total it will be worth $4,300,000,000 if we look at the total supply.
This mean that EOS is at this moment theoretically worth more than NEM, Dash and IOTA combined.
Or more than Litecoin and Ethereum Classic combined...

In my opinion, EOS is not worth this at all. It still has a lot to prove, still has a lot of partnerships to make, still has to start up in first place. Is it really worth more than coins that have gone such a long way already and have endless amounts of partnerships, everyday usage and more. If you ask me, not at all.

I also don't see the need of this new platform. We already have Ethereum and other platforms on which DAPPS can be build. They only claim to be the one with the best scalability. Is that really necessary for now?

I also made a video about it, check it out:

Hi Quinten, it's Maxim from the facebook group (and YT channel).

Very interesting article!
It's because of you that I'm always looking at the supply rates before I invest in something, you are always taking that into account, so I want to thank you for that.

I'm also following your Steemit account as of now 😉

Veel geluk verder!

EOS will be the next big thing. Dan and the team have an amazing vision, and I'm sure the platform will be the next big step forward in cryptocurrencies. Any price while we're still in the ICO stage is incredibly cheap.

Good info! Thanks for sharing your knowledge.

I think you are righr. But markets can stay irrational longer than you (and I) can remain solvent. Let it rest for a while. Price should come down eventually.

True. I don't think a lot of people have made this comparison yet, that's why I made this :)

So right, same counts for steem actually, only 1 % is out. Market cap would be bigger than bitcoin if 100% out at current price.

I already got burned by it, fomo made me buy in on yesterdays ico period, I have already made a significant loss and could have got it cheaper on kraken. If it gets to a break even point, i'm going to sell a large amount of it and invest in something i believe in more. The whole thing smells of scam to me.

Most people are now focussed on the profits made. I'm really curious what the price and the project will do in the future.