EOS Update: WHY I LIKE EOS !!!
7 years ago in #bitcoin by haejin (87)
$2.45
- Past Payouts $2.45, 0.00 TRX
- - Author $2.19, 0.00 TRX
- - Curators $0.27, 0.00 TRX
EOS Update: WHY I LIKE EOS !!!
Yess EOS is the shit
Damn right!
So you like the fundamentals of EOS as well as the technical picture. That's got to be good.
Yes. But with the belief that TA begets the fundamentals and not the reverse.
Good news for investors who bought their EOS on an exchange.
https://steemit.com/eos/@kcfrau/eos-io-is-now-updated-to-inclue-generate-eos-functions-for-non-metamask-users
I think EOS sounds amazing....except with the ICO still in progress for another 261 days, with 2 million tokens a day being released, I can't fathom how the price can fundamentally move much in this time??
Especially since the way the ICO is structured it's like a reverse supply/demand model, where they distribute the tokens from each 24 hour period, evenly based on the amount of ETH contibuted.
The greater the demand, the cheaper the EOS, and if demand drops, the price of EOS for that 24 hour period goes up.
Once the ICO period is over in 261 days though, all bets are off!
For me, fundamentals have no opinion in my Elliott Wave counts. Technical Analysis begets fundamentals and not the reverse. So, even if 10 million per day....my EW count relies on sentiment of Greed/Fear to do their job. Greed unbound has no limits and overcomes many resistances.
I'm not going to miss out on EOS... 18k holding till at least $12.50.
Best to be well diversified.
post was resteemed by @wayforhappiness
During the bitcoin correction post Wave 5, when it enters ABC, how low could E O S correct to?
In terms of Elliott waves say it enters a new wave 1 going to Wave 5 in next month pror to Bitcoin's correction. Could a bitcoin correction bring it down to present lows, or would it hold above the previous wave 1? Thank you.
Post Wave (V) the ABC is expected to reach prior Wave (IV) which is sub $500. More specifically $130. What a buying opportunity this will be! Because $27,000 or higher would be next.
I'll be reposting another Big Picture video.
post was resteemed by @wayforhappiness
I LOVE EOS if they can deliver on everything, but I HATE the token. I don't see why anyone wants it. Block.one already said they wont give anything for token holders. Why isn't the erc20 token worth $0??
Here is about the philosophy of this ICO https://steemit.com/crypto/@razvanelulmarin/eos-ico-announced-what-s-gonna-happen-and-some-updates-from-dan. It is obvious that traders will not like it. But that was the goal!
I don't know my friend...I only read the waves. Also, Elliott Waves states that an event or a news shall arrive to justify the forecast and not the reverse.
But I mean the token is worthless except by a group of people who still for some reason "think" it has value? idk...I don't see how anyone wants it, despite the idea of EOS being amazing. Like how does block.one even still expect people to purchase it?
I agree its so unclear. Up until a few weeks ago I understood that the token would not be worth anything in the new EOS world, but I now believe it will. I currently understand that the EC20 token available today, will be converted to a new token on the EOS block chain 48 hours after the presale ends. Therefore, you need to map your ethereum address (that holds the EOS tokens) to an EOS address to make sure you receive your new tokens. There is some info on this here:
http://support.exodus.io/article/65-i-ve-received-eos-tokens-in-exodus-how-do-i-register-them
What are u talking about man? You must be reading false or skewed info
Bitfinex apparently is not letting me trade because i am in the US. Wtf? Anyone know anything about this? Right now im using bittrex but there are things i dont like about it.
EOS has said that due to US legislation, they will not allow US citizens to buy or trade EOS tokens. Therefore, they could be limited for US citizens on exchanges.
Can you post a link on this intel? Interesting.
This is the block one statement from their website:
'17. Why can’t U.S. citizens, residents or entities purchase EOS Tokens?
It was decided that U.S. citizens, residents and entities should be excluded from purchasing EOS Tokens in the token distribution because of some of the logistical challenges associated with differing regulations in the many states of the United States of America. block.one does not believe that the distribution of EOS Tokens or the EOS Tokens themselves are securities, commodities, swaps on either securities or commodities, or similar financial instruments. The EOS Tokens are not designed for investment or speculative purposes and should not be considered as a type of investment. Nevertheless, U.S. citizens, residents and entities should not purchase or attempt to purchase EOS Tokens. '
The entire thing can be found here:
https://eos.io/faq.html
This article has a bit more:
https://steemit.com/eos/@robrigo/warning-bitfinex-suspended-trading-eos-for-all-u-s-persons-effective-immediately-today-august-11-2017
They are kicking all us accounts out. Go to Bittrex