Guess who's back

It's been a while since I've done a vlog. However I thought I'd put some words to camera and discuss the next cryptocurrency that I'm beginning to invest in.

Crapshoot

When I invest in coins I really look on a two to five year horizon. Yes I may speculate in some coins with the expectation of a quick return, however generally if I'm investing serious money I'm looking at coins that have the potential to make an impact longer term.

I've had my eyes on EOS since its inception. However to be honest I wasn't the greatest fan of the ICO. From an investors perspective it was (and is) a bit of a crapshoot. Particularly if you're participating in the daily ICO. I did pick up some of my coins via the ICO over the weekend. I noticed that on one of the days last week, Friday I think, the daily ICO EOS price dipped to under 60 cents. So I went into the ICO on the following day and grabbed a bunch for under 70 cents. It was a decent result however I picked up the majority my EOS from an Exchange. I like to know the price I'm paying however if you are looking at playing the daily ICO game, I found eosscan.io is a great resource for tracking the daily price of the EOS ICO.

I C Oh hell no!

To my mind the purchasing of EOS is a big risk in terms of finding the right valuation. I was seriously contemplating putting a few bitcoin into the first 5 day ICO. If I'd have bought EOS with BTC at the time of the ICO, the dollar price of BTC has doubled while the dollar price of EOS has fallen. However right now I'm going with my hunch that it is undervalued relative to bitcoin at present. I like buying coins when they start falling under the radar and that seems to be what is happening to EOS. So I'm in. Only time will tell if now is a good time or I jumped the gun.

Exception to the rule

I don't usually invest in coins that don't have at least a prototype to show. I've seen plenty of fantastic ideas develop into little more than vapourware in my time in crypto. However Dan (Larmier) has a proven track record for delivering blockchain technology. I see EOS as an evolution of the technology he built in Bitshares and Steem. If nothing else, if you hold some Ethereum (like I do) picking up some EOS seems like a prudent hedge. It's not inconceivable that with no fees and the ability to scale EOS could rival ETH. However it does have a massive gap to bridge in terms of network effect and developer adoption.

Disclaimer

However please don't take anything I write as financial advice. Picking up some EOS now makes sense in the context of my portfolio and where I think the technology is heading. If I'm proven wrong, I can absorb the consequences. That said, I never put my money into something with a view to losing it! That would be just silly.