EOS is one of the promising cryptocurrency right now aside from Bitcoin. Currently, it is on top 10 in the cryptocurrency market. It has a potential to lead out the top 2 on the Coinmarketcap which is the Ethereum. EOS has an ambitious named an Ethereum killer. It will because it is far better than existing Ethereum.
What is EOS?
EOS is a blockchain-based, decentralized operating system, designed to support commercial-scale decentralized applications by providing all of the necessary core functionality, enabling businesses to build blockchain applications in a way that similar to web based applications.
EOS asynchronous communication and parallel processing provide scalability, while its ownership model eliminates transaction fees. These features make EOS a serious competitor of Ethereum.
EOS uses delegated-proof-of-stake and introduce the ability to fix bugs and roll back changes with supermajority consensus.
What is my strategy?
After doing some research I choose to be observant to things will happen. Choosing not to jump into this new Cryptocurrency right now. Here are the few reasons
First, If you are not aware that EOS only hit on publicly trade market just July 1st, 2017. EOS is still on super early stage and waiting to see more of it in the near future is a better in my opinion.
In addition to what happened to Zcash and Lisk is a very good example for us to not jump in so fast in an early stage cryptocurrency yet. EOS raised so much money from its early stage which makes it on one of the top 10 on Coinmarketcap. Its current price of $1.87(July 29, 2017) it is still overvalued because of its high volume currently circulating of 247 Million and a total supply will be 1 Billion tokens, and that's a lot.
A video created by @jerrybanfield helps a lot to make up with this analyzation -
It wasn't high as the price like Zcash that reach $4,293 when it first hit the market. However, I assumed its movement will be likely the chart of Ethereum Classic.
Ethereum classic or ETC is ranging on $0.75 to $3 on early stage on the market then slowly become less in value as time passing by. It reaches its lowest price after 6 months in December 2016 then gradually gain some value again over a period of time and now on its current price of $14.31 on the Coinmarketcap.
Likewise in Monero or XMR when it first hit the market it is ranging on between $1.19 and $4.19. Then after some time it gradually become cheaper in value in between October and November recorded the lowest price of $0.38 per token. The current price of Monero XMR as of today is $43.97.
Conclusion
After reading the white paper and some useful information about this brand new Cryptocurrency. I was very excited and amazed of how this EOS of planning to surpass the Ethereum.
If you missed the boat to jump in when the Ethereum was still on $1. We can do it on this thing with the right timing and right precision we can make a lot of this promising currency.
My plan is to wait until it fully developed and start investing after 6 months (exactly in December or January 2017) and holding it for a long term. It will take 6 months of reaching lowest value possible and 6 months to begin to rise again a total of 1 year in my perception.
I learn from Warren Buffett he invests a lot of time researching and reading first before investing his money. "Invest time first before investing money". When he already puts his money he no longer cares if the market is on a bull or in bear. With given time he will wait for it patiently, very patiently. It was not a difficult job and everyone can do it. Simply buy and forget. No one cannot find a job as easy as this. Forget for a couple of years and remember it, maybe you want to use some future email website. Remember, Patience is the Key.
Thanks for your time reading my article
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@hiroyamagishi
Very well compiled and great suggestions!
Thanks for sharing your researches :)
glad you love it, it is not an expert advice... still please do your own research... btw thanks for reading
I watched a interview with Dan explaining EOS, if it does what he says it supposed to do then I can see EOS being a GREAT investment in the longterm. it would essentially do what ETH did this past year. I'm thinking this could be another early stage boat...but yea your right about waiting until it gets less than dollar because that will def happen as like you said theirs 1 bill tokens to be released eventually.
thanks for reading my blog @blackmine
EOS in my opinion is totally a HODL coin in this moment. Much success to all investors, to the moon ;)
I really do think the same thing HODL for a year or two even after the new president elected... HODL, for me I will wait for 6 months, planning to put down 1 BTC on it :D
I believe that would be a clever move - dont forget me when youre rich ;) haha
lol... you too, see you on top @djbk
Don't wait too long or you will miss any gains. If you believe in the currency you should open a position at least then add to it over time.
If you could time travel to buy etherium at $1.87 you would. Good luck.
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great post ! I'm interested in getting some EOS. Will be tuned in to your next post, followed!
thank you @crypto.hype
You are absolutely right. Patience is the most important virtue for a trader or crypto holder. If you have no long term vision than you wont last in this industry. We are still in the early adoption phase so hold on to your hats cuz this will be a bumpy ride!
I would definitely wait for this exciting cryptocurrency, see you on top @hotsauceislethal
I cannot get EOS in USA, so I am using my exodus wallet to exchange.
I used doges, litecoin, & ethe for eos ^^
神の役に立たない奉仕者はいません。 神の前で無価値だと知っている限り
good to hear, good luck for both of us
my eyes are on EOS as well still doing my research and watching the price closely
thanks please share in your article any vital information we can get on here
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why wait? just put a small amount of $ in it while it's low...if you wait the price can go way up...
I want to see it to fully developed, check the chart I mention above, it takes a lot of time before it flies out
true, but wouldn't it still be better to buy it low just in case? If nothing happens no big deal?
want to maximize our income every investment we have... the supply of this coin is way too high to enter on top 10 on their first day, this thing has a lot to improve, I want to invest as well but waiting for right time and precision is the key, good luck to us
We Covered EOS' ICO. Hope you'll find it helpful - https://coins.best/ico-reviews/eos/
thanks a great to look at
Good analysis. I will fully follow your strategy. Good luck to everybody investing on EOS!
Upvoted and following.
thanks however still do your own diligence I am not licence adviser I just want to help all as I much as I can
Thanks for starting this thread. Good to see I'm not the only one that is thinking about this. It's surprising how much uneducated investors the crypto space has. You still see people invest in this shady and scammy coins. We really need more insights in the market and previous investment results. I found this amazing platform: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. Go to: https://www.coincheckup.com/coins/Eos#analysis For a complete Eos Detailed report