ETH Revisited - EOS - BANCOR - CIVIC - PeerPlays

in #steem7 years ago

Today I will revisit with an article I read on Reuters news:

"Initial coin offerings" present dangers to investors, new challenge for U.S. regulators

ICOs have become mired in an ongoing industry debate, with critics likening the phenomenon to the dotcom bubble in the 1990s, while proponents say the use of such coins and offerings facilitates the type of innovation that could radically transform existing business processes and industries.
Read More

First what I want to clarify, I am not anti ETH for trading purposes, and do believe some projects launched on the ETH chain as tokens are legit. However, I do say "some" and that by itself will not save ETH from the bubble effect nor will it save it from an eventual collapse.

Projects I do not consider to be vaporware: MKR DAO - BAT - and soon to be launched EOS

I was greatly disappointed to see EOS plan of launching as a token on the ETH chain. But I guess that's a choice I have no saying in. I will have to plan my EOS investment carefully now and include my concern of an ETH collapse into the math of how much to invest and when to invest in EOS. I am not sure the plan is final, but we will see.

ICO Details here: https://github.com/eosio/eos-token-sale
Telegram: https://eos.io/chat

I repeat these details are not final. please join the telegram channel for EOS to get the latest information.

Bancor
I was not impressed, did not touch it. But if you did buy some good luck. I did not buy GNO neither and initial investors made money so I could be wrong about some tokens.

CIVIC
This one sold out in the presale, I was not one of the people lucky enough to buy any. I did not even know there was a sale by email. Too many ICO's to keep track of.

I will try to buy some in the public ICO taking place in a few days unless BANCOR is listed and dumps:

https://tokensale.civic.com/

Why a Bancor fail might make me change my mind? because so far on all these tokens we had a chain of success after success on ROI, one failure might spark a chain reaction the other way.

My hopes on good ROI for these tokens gets slashed every time a big money grab takes place. I do not invest in these long term. And most are just money grabs.

PeerPlays is looking really good. I was asked if I am planning to sell some. Honestly when Peerplays was doing ICO I was at the edge of my 70/30 rule. 70% BTC 30% altcoins. So I made a modest investment of 3 BTC into the ICO. Looking back now, I should have gotten more a lot more. This is not a big investment that needs me to collect ROI, I see more potential in holding. Depending on price fluctuation I might even aquire more, this project is just starting.

That's not all the projects I am invested in. it's just an update on recent ones. Some others I can recall quickly, Qtum, Bismuth, HUSH, Steem, Zcash... all are great project I hold.

Bitcoin recent decline? I am not concerned. August first will be an important date for bitcoin.

I am not giving you investment advice, just telling it like it is, if you do proper research you will be better off.

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nice to meet you @vitalik-buterin
I’m @jyoungking2 Start by following people and they will do the same.
Good Luck

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