I looked into waves and decided to pass:
- ICO craze phase is passing us, partially due to SEC announcement, partially due to most of them being dogshit.
- there are other decentralized exchanges -- BTS, NXT?, bisq, nvo, OpenANX, and eventually ethfinex, and it's not clear people even prefer these to centralized versions at this point.
- Is their colored coins approach strictly better than something like Bancor tokens?
- Using their PoS gives worse returns than other PoS (like a dash node) or loaning BTC/USD/other coins on finex/poloniex
All in all, they have a number of decent features, like mobile app, but I just don't see a reason they are necessarily going to explode. They might do well, they might continue stagnating, I don't know. After the past 6 months of swings I'm starting to be way more selective with coins I invest in, and waves did a lot of things decently, but I didn't see its value rising with respect to BTC in the short term.
Nothing wrong with having a different opinion but I disagree with most of your points. The reasons are mostly stated in the post though. Also ICOs are continuing to grow - even VC companies are trying to get involved.
That's because there is zero inflation and it is still quite small scale. It is actually an advantage for long term value.
Taking a second look at waves now and it looks very close to a buy. I'm gonna wait a few days to see how things shake out, but im targeting 24-48 hours from now. Rethought a couple things regarding the fundamentals, and they look ok. Definitely a pass right now, but could be a slam dunk in a day or two!
Yes it is always best to not make an emotional buy on the peak. Have done it myself so many times if you wait you can scoop up more!
@daut44 right on point buying on good dips is crucial,traders though chase price mvement an are eventually caught up in the frenzy,you are followed chek me out @detycoon cheers