Daily: Bitcoin Rally! EOS losing momentum? Chinese Censorship

in #bitcoin7 years ago

Topics Covered:

  • Market Recap - Bitcoin Rally.
  • EOS Fever Dying?
  • South Korea to Regulate & Legalize Crypto
  • Goldman: $4000 BTC?
  • China Spotlight - 8BTC Unavailable. ICP license
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The EOS valuation is so crazy right now, keeping in mind, that is only a whitepaper and an idea - not a finished projekt and not guaranteed that they will ever reach their goals. Furthermore their competitors can also use the next year to better their product, and developers get more used to working with ETH for instance, are all things which dosen't seem to be reflected in the price atm.

I am completely in agreement. I can't believe EOS's valuation and it's why I did not invest in it. As you said, it's just a whitepaper.... It's not to say they can't do something incredibly disruptive but it's ridiculous the level of fervor behind this ICO.

An ETH killer cannot be in the making on paper, but in implementation. Let's see what EOS can do, or if it'll be another half abandoned project like Bitshares and STEEM by Dan.

Thanks for another great vid and congrats about the 20k subs!

Can EOS come back next year?

Sure it can, but its can also tank aswell. Who knows what the future holds.

Good info thanks.

sorry im not giving any donations in BTC anymore

good info thanks

I don't think it should rise, in fact I think it should be under $1. I have written an article about why EOS should not rise in price...please let me know your thoughts on it.

I've updated a few times with you, Thanks again for everything that you do!

xtaRTr

This post has been ranked within the top 50 most undervalued posts in the second half of Jul 04. We estimate that this post is undervalued by $29.24 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Jul 04 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

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Rally? Lol, No way.... Bitcoin is at $2560 and has been there for weeks now, it's fluctuated between $2300 and $2600. I am kind of surprised @boxmining that you are saying it's a rally for Bitcoin, a rally would have been something as if it went to $2800 which it hasn't seen in weeks. I am more surprised that you are stating the "rally" is causing the market to go up, other coins are standing on their own, the time of Bitcoin dominance is coming to an end. For new investors it makes sense to invest in newer more innovative coins.