Please watch my video for my perspective and review.
Holy smoke Batman!
EOS is almost $4US on Day 3 of 350 of their token distribution.
How long can this last?
The fact that there is a level of arbitrage happening from the window distribution to the exchange is causing chaos and I feel we could possible see the price of EOS continue to rise fro some time if not all year.
What happens when the EOS team make an announcement in regard to development and do more conferences and marketing?
What happens when EOS gets more attention?
What will happens if another exchange takes on EOS?
What happens if Ethereum crashes or explodes in price?
Will EOS go to $100+ or higher?
I feel it can although 350 days is a long time in crypto.
ICOs = 'idiots constantly overbuying'
I feel there are numerous ICO's that just don't have the legs to make it.
Sure they look good on paper and may have a niche however when comparing fundamentals against established businesses whether that be on the Blockchain or even on the stock market, how will these entities fair in 3 years time?
Was your investment worth it?
What were you investing into?
I admit I am invested in Ethereum Classic.
Here is what Coindesk had to say.
There is no doubt that the attention is in the ICO's and the crypto space is getting crowded and there is only a certain amount of capital to go around.
Who will win and who will lose.
I am making smarter bets and choosing to stay away from ICO's unless they present something significant.
EOS is significant.
What are your thoughts on all this?
Follow Sebastian - @sebastianjago
Have a great day!
~Sebastian
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I was planning to wait and see how it will evolve but now~
I feel like I was stupid.
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I think you will have numerous opportunities to buy EOS at a good price throughout the year. Key your eye on it.
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Yeah, I will wait.
I will follow eosscan.io everyday~
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Thanks for this video Sebastian, very interesting. I'm in Australia as well, just starting in crypto world. I got into the first EOS 23hr/2M tranche yesterday and it has been (actually still is) a crazy ride. I trade spec stocks as well but a 250% gain in a day is something I've never experienced before! It's dangerous to make any predictions on price at this time, I wouldn't be surprised if we would test the highs when the US comes online, since they can't participate in the ICO... And that price expectation, together with the 30,000+ ethers already committed for this next tranche makes me a bit weary to get into this one tbh. If it can hold this price there definitely is value (I did some basic scenario modelling, see my first blog post) in getting in but the swings are so wild to both sides, don't really want to wake up here in Oz to find out we're back at support around 3 USD... ah choices! The FOMO is strong on this one. Keep up the good work, I will be following you. Cheers
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I feel the price will continue to rise. The US can only by on an exchange and those who do not want to go through the tedious process of the ICO will also buy on the exchange. I feel the arbitrage scenario will continue for some time and may last the entire journey. What price will we settle at? $20 to $50. Anything above this will be unbelievable and would no doubt correct if EOS is yet to be launched. IF EOS delivers some key development aspects throughout the year we may find it goes even higher.
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Yeah, well that's a whole different discussion isn't it? It's all hype now, they still need to deliver! On the price, I really hope you're right. For me, since I'm new to the crypto world it's so hard to do a proper valuation on this or any crypto currency for that matter. And I guess given my background in stock trading and missing out on the crazy 1000% gains in crypto land I just can't wrap my head around that (yet). That's why it's so valuable for me to read blog posts like the one you put up to educate myself and better grasp the intricacies of this space. On EOS I'm holding on for the longer term, I only took a small position since I'm still learning. Maybe we'll look back at this thread in 1 yr and have a good laugh about it! I hope so (in a good way).
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I think ETC is a good hedge for Ether. It just got added to a few exchanges in asia as well. I wouldn't recommend it as a core position, but not a bad idea to trade it and also hold some.
Ethereum is seeing competition, it will be interesting how that plays out.
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EOS and Antshares. I am not sure if they are considered competition, rather complimentary to each other. It will promote evolution. I see them as necessary for the entire space. You will have bubbles and ecosystems around the world which will have their own relevant blockchains and services so this is very healthy for the industry. Asia, Europe, Australasia, Nth America etc. There will be 4 to 6 more ETH type blockchains and supporting DAAP systems around the world if not more. It will evolve fast.
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As always you do a very good job. Your advice is gold for beginners like me. Thank you
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Great! I am glad you get some value from my videos. :)
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