Both the long term investors as well as day traders are still in dilemma whether to accept EOS as a trusted asset to deal with even though it has been among the top coins traded recently. What differentiates EOS from rest of the currencies in Cryptoworld is its long term ICO which continues to issue tokens on daily basis. People have made profits but many were seen selling in panic after the closure of yesterday's 23 hour ICO period but later on the price stabilized to keep traders interested. I have been closely observing the ICO sales and then subsequent exchange on top trading sites like Bitfinex and Kraken but what i observed is that ICO has not been that much faithful to its contributors as we have seen in ICOs of other Crypto's. If we take average of ICO's so far then their price costs around 0.0013 to 0.0014 BTC and surprisingly the price on exchanges has been dominant around .0012 BTC much lower than that available through ICO. This has lead to more people preferring buying on exchange rather than going through hectic token purchases only to regret later. Where does the price go wrong ? Well, it is all because of the year long ICO which still has things to clear and questions to answer. People rush to make money, in around here everyone wants to be a millionaire in the blink of an eye, no one gives a damn about what they buy and where from it comes, just an urge to win more profit keeps everyone engaged so much busy that they don't want to spend a second to think what they are doing - business ? No, you are not. You are just enjoying jumps from one plane to another without knowing its destination and surprisingly without even being concerned about its fuel, leave about knowing anything about the pilots flying your planes. Let me cut it short , around 27000 Ethereums were deposited in yesterday's EOS token distribution period of 23 hours and around 24000 ETHs were deposited a day before that. Overall it has been around 25000 ETHs deposited for 2000000 EOS tokens per day. But what about today ?
Check it out
This screenshot of ongoing token distribution clearly shows that if this trend continues transparently then we may not see more than 6000 ETHs deposited for today's ICO period. Well, who is taking these many tokens home at such a low price ? lucky someone, wish you luck, i am out of it for today.
Well i am closely watching the Ethereum deposition but i wonder how worried would be the ones who bought large chunks of these tokens at enormously higher prices than expected to be today. Some people are really brave unlike me and may be this is what needs to be done to have an overnight success unlike me who keeps detecting loopholes in any chance i get but you know what, it keeps me relaxed and less worried, i am in love with a life without stress. Even if the people behind the project pump in their Ether deposits to contain the prices as someone did in last two hours of yesterday's ICO but for how long will it happen ? A week, a month, few months ? Don't say for an entire year. We have Segwit coming ahead to bring a storm in Crypto world resulting either in a long lasting sunshine or a possible mourning of this Crypto world. No one is waiting for a year and who believes that the people behind it would manipulate things consistently for a year to keep prices under watch. Even though they do so, people have more interesting things to invest in and most of the active EOS users right now would be bored of watching ICO every day for entire 360 days ahead, in few months if not weeks. So, a failure ? I can't comment on that but what seems possible is that it is a high risk business with too lame answers over its worth.
Now lets keep a close eye on todays ICO and see if it gets any better than yesterday or leaves the EOS holders in regret. Keep an eye on Ether deposition and if it crosses 24000 then EOS will survive one more day and if it goes transparently as it is going right now then i wish my condolences to EOS holders in advance.