RE: Bottom in on EOS? Slowly building into a margin long

As I write this EOS is at 0.57.

I agree with the other posters that we have a long way to go until the end of the distribution (currently in rd.92 out of 350 and there is a chance that the price may go lower) but I will be surprised if people were to acquire EOS at this price or lower (either through dist or open market) and feel there is more of a downside than upside to want to sell.

There is a lot of hype with EOS, as proven by what people paid in the early rounds (until round 60 the average was probably approx $1.5).

I predict that we will see a lull in the action for another 160 rounds or so and then in Q4 of the distribution hype will set in again and investors/traders will jockey for the best entry price point.

So here is the thing. There is no reason to think the price in the open market will go above what you can obtain it for in the distribution. Therefore the price will only increase if there is MORE competition in the distribution. That isn't likely because I know that I have many rounds to figure out when the best time to jump in at (as everyone else). THe bottom line here (and excuse me if i'm not being entirely clear [it's late]) the price pressure will not likely come from the distribution side so more likely it will come from the open market. Open market is of course what people think EOS is worth at the time. I don't think there will be pressure to buy unless the price continues to drop on the open market.

I don't think there will be a rush on the distribution side that would increase the price. There is more of a chance that the demand will continue to drop (or at least stabilize for a long period).

In sum, I don't think there is a need to rush into EOS at this point. The big picture is YES 0.57 is a great price in the VERY LONG RUN. Heck..I will say anything under $0.75 is accumulate time and a great entry point. However in the short term i don't think there will be much price action and if anything it will go a little lower. The big problem is increasing demand and with 250 more rounds left, i just don't see massive demand anytime soon.