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RE: First dip into EOS, is EOS easy to buy?
Nice tip. I didn't even know you could buy EOS off the exchanges. But of course you can, how else would the EOS on the exchanges in the first place!
Do you know if it is normal that you can get lower prices on EOS if you buy it from eos.io?
Thanks
@ronni
Well the price you get from eos.io is only valid for the day you bought them and it does vary according to the amount of ETH that got sent to the address of the smart contract during the day. Those EOS you "buy" on the site are new EOS that are created/released everyday at a set rate of 2M a day and those 2M are not affected by the price on the exchange which only sells EOS that already exist. You could compare that to bitcoin mining where the newly mined bitcoin have a different price(according to electricity cost and difficulty) compared to the bitcoin currently in existence and that are selling on the exchanges.
That would be my guess for the price difference.
I guess you would be able to calculate close to release time if you get a great price.
Would you be able to sell them off on the exchanges immediately with a profit afterwards?
I am not sure if you can claim you balance immediately since I have not done it yet, I am currently leaving EOS on the same address and plan claim it all near the end of the ICO.
As for the calculation you can't know for certain what the final price will be until the current sale of the day has ended so arbitrage would be difficult. From what I have experienced today some people just send their ETH during the last 5 mins therefore bumping the price up (more than +0.20c/EOS during last minutes) so you could end up paying more the the price on the exchange.
Thank you for clarifying this Walter!