You only need one or two home runs out of the group for this to be a good portfolio. My EOS entry point is similar but I've actually become more excited about its prospects. The problem with all of these tokens is their thin float. When they run, like Bitcoin cash just ran, you're left in the dust if you don't have a position.
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Absolutely. I learned yesterday, that EOS tokens had to be registered before the crowd sale ends. I can't help thinking that since I didn't know, many other people don't either, - which will probably affect the price significantly just after the crows sale ends. Do you have any thoughts in this?
Didn't know that. Where can I get more information? What about all the people that have purchased through exchange?
Let me try to find some more info on that. I've bought through an exchange myself. The process is something like transferring you entire holding to a wallet (don't remember which one), which will then more or less automatically register all your tokens.
Here's a guide: http://support.exodus.io/article/65-i-ve-received-eos-tokens-in-exodus-how-do-i-register-them
Just think of all the tokens that will disappear...
Thank you, I bought some few directly and claimed as instructed by EOS website. So I guess I'm good for now.
You're welcome. It's still on my todo-list :-)
That is correct. I've read they have to be linked to an ETH Wallet. I've seen instructions posted for doing that. Why I'm excited about EOS is that I've read tokens will own the rights to use the blockchain platform. If the platform becomes widely used tokens should be revenue producers as people want to build applications on the platform. I do expect the price of EOS to be suppressed until the offering period is over, but frankly I'm afraid not to have a position in case I'm wrong.
I agree with that. Since they sell 2 million tokens daily, the price is (almost) bound to go down. I may or may not purchase more EOS tokens if the price drops significantly.
Most traders I know buy investments that are increasing in value because the investment has momentum. Crypto's are a different animal to me. Trading them seems like gambling because they are incredibly volatile. I'd rather buy and hold.
I don't mean to beat this point to death, but the hedge funds are getting into this space and will throw massive amounts of money at it. These guys have been sucking wind for a while relative to passive products and long only managers. Their clients are tired of paying premium fees for under-performance. Regardless of what the U.S. regulators think, there are lots of jurisdictions where a fund can be domiciled and plenty of non U.S. investors who will chase yield. To me the space is becoming a bit of a no-brainer if you hold a basket of tokens. Some will perform very well in my opinion.
I absolutely agree. The hedge funds may eventually ruin the Wild West feel the crypto market has to it right now, but for now, I'm adding eggs to my basket as well.