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RE: The Dawn of EOS.IO
Agreed! Bought at $1.87 (U.S. citizen, so on an exchange) which might seem high to some, but yes I also expect it to deliver the goods, see mass adoption, and be worth 1000x that eventually. Hodling. Note to self, buy more.
make sure to map an EOS Public Key before the ICO is over, if you are interested in using/transferring your EOS tokens at a later stage.
Thank you very much. I knew "something" had to be done by then, but was unsure of how to do exactly what. Very helpful, thanks.
Sooooo you think EOS will have a Marketcap of 1,870,000,000,000$?
Thats about 3 times as much as the 5 most valued Companys in the World combined.
If you don't understand basic math, you should imo stay away from crypto...
I'd say with a steemit rep of only 25 you should be cautious of flame throwing. I'd also add that if you don't have the chops to understand the tech fundamentals your math skills are not relavent. Marketcap is not the be all end all of investing metrics.
@ibringawareness - don't let the naysayers discourage you.
Thank you sir or ma'am.
I think your calculator is off a bit. $1.87 x 1000 is $1,870. That's less than 1/3 of a BTC (which I first bought at $396, so I think I'm not doing too bad understanding crypto btw).
Hate to burst your bubble but the math he's doing is considering the fact that there will be 1 billion tokens available after the ico. Right now, it's only around 1/3 of the way there(330 million). So if you diluted it at its current price of $1.20, it would be at 40 cents after the ico ends. If your return was 1000x from $1.87, bringing you to $1,870, you would have to multiply that by 1 billion. That's where he's getting that really big number. I see EOS being valued similar to Ethereum. And if the rate of adoption and investment continues, lets say by 2x next year, Ethereum will be around 60 billion market cap. Say EOS is even half of that, at $30 billion, it will be worth $30 a token. If I'm reading correctly, Dan is saying token holders will be able to basically lease out their tokens, which could make it even more valuable. I'd say you're looking at it anywhere between $20 and $100 in the next 2 years. So, I'd say your looking at a return of roughly around 50x. Maybe 1000x in 20 years or something
My thoughts exactly. With added lease potential/delegation. I liken EOS to Steem Power... except not on one platform, but endless platforms. Learning the ins and outs of steemit' framework has help fill in a lot of knowledge holes with real life working examples.
Okay I appreciate the detailed breakdown - all of THAT I definitely didn't understand. But I am a HODLer and all of my crypto is purchased with retirement in mind. So maybe... ty
Smart man indeed.