Red bullish - EOS
Since we are massively into EOS, ETH and Bitcoin trading these days, I wonder if you realized how much unclever money is poring into crypto ICOs.
I'm stunned by the fact that millions of dollars worth of eth that needed to be spreaded throughout the whole ICO were sent straight to the first two windows. Yes, Bitfinex, Kraken trading and reinvesting into EOS distributions will somewhat maintain the price but you can't deny the fact that Yunbi owns like 80% of currently distributed EOS.
Are they waiting for a better price to dump their coins on the people who are falsely hoping that EOS is the next Bitcoin? How will they influence the technology once it starts testnet / dapps developments. It's a huge responsibility both for Yunbi EOS owners and the whole EOS project.
We all know that people are flocking to the ICOs because of FOMO but EOS was meant to be a fair. Will it stay so?
Currently EOS is around 2, 8 on Bitfinex. It's an obvious bubble. I wont talk about the math here but will just give a few advices for this ICO and trading I general:
- Greed is what will bury your money, never put all your money in the same coin.
- Find a specific percentage you want to achieve per trading position, uncertainty killed a trader.
- EOS ICO is 1 year long so no quick lambos unless you are large investor.
- Patience. EOS is in the massive hype now and it's price might go to 5 or 10$ but will eventually have to come down.
- Once margin trading launches, we will witness totally different price scales.
- Even though highest price of the day might even go even more upwards, there is 80% chance it will drop. This is when you buy. But only with caution and deep analysis of the last price drops and dips.
- Never sell low. Even if it goes more downstream you should buy rather than panic sell.
- Consider EOS as an long-term stock holding investment and you might see some nice profit days in the future.
Why is EOS currently in the Red Bullish position?
Because it has no dapps, announced projects, testnetwork, whole structure that needs to exsist as for one token to be useful. So, basically EOS is a speculative coin now. And everyone should read the infos and follow their development prior to investing.
5$ already!! Fantastic! I think only SEC can prevent such schemes. But Larimer is making reach his early followers again)))
Wow..! this is very good post about EOS. because ETH prices have uncertainty , people would like to find some safety currencies. many people (including me) think that EOS is one of the safety currency nowdays
Amazing prediction dude!It Spiked to your 5$ prediction and dropped Directly After ist