I bought a lot on the period 0 window with the intent that this investment would be only 20% of my total investment as this is what period 0 was 20% of the market cap. I think a lot of investors did this.
EOS is use as a refuge whenever coin like Bitcoin, ETH are going down. So whenever the price of these go down it makes sense for people to invest into EOS. Most EOS are bought as a long term investment and stats seem to demonstrate this.
It makes sense, the best time to invest in ICO or mine new coin is at the very beginning, at least most of the time. There's a lot of reasons for this but one of the major one is that the crypto space has been booming in investments making most coins more expensive as time pass.
I expect the price of EOS to go up as we go. The price of ETH will go up and the total valuation of EOS will do so inevitably.
Thank you for sharing. I like your post in general (following).
I have to think about the bit that you see EOS as refuge. I wonder why is that. I see the technical aspects - that you might put ETH into the daily 2'000'000 mining process as you expect ETH to drop. But on the other hand wouldn't an efficient market compensate that meaning that at 23:59:59 there will always be the equivalent of ETH in mining process as you would pay for 2'000'000 EOS on the exchanges? I haven't checked lately but in the beginning that was quite true.
Thank you. I'm glad you enjoy reading me.
The price of EOS react a lot quicker to large buy orders than the price of BTC or ETH thus when the price of ETH goes down in relation to BTC there must but a lot of time where divesting into EOS whether it be buying directly from the daily coin release or on the exchanges is more advantageous than divesting into BTC.
That's a very simplistic explanation and I'm not even sure it hold water.
Ok now I see your point - have to think about it.