HOEDL - Why you should literally Hold On EOS for Dear life?

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Did you miss the Bitcoin Train to Moon? Did you regret not knowing about the Bitcoin in 2009 or 2010 or for the God Sake in between 2011-2015?. Few dollars invested than would have been tens of thousands of dollars now. We did regret not taking crypto-currency seriously blame the main-stream media. Well, what if I tell you got the opportunity that is a little similar to Bitcoin rush. I think you wouldn't want to miss that. Did You?

You still haven't missed that opportunity, it's still not late but you need to act fast.

Through this post, I will quickly take you through few reasons, why you should invest and HOEDL EOS!

1. Supply and Demand.

EOS is currently in ICO phase. Every day 2000000 EOS are distributed in exchange for Ethereum. i.e from last 200 something days there is a constant supply of 2000k EOS and still, we see prices increasing. By end of April EOS will have raised up to $2.2 Billion.
After the full launch of EOS, the supply of token will stop and we could see the prices surging.Why? Simple Supply/Demand Rule.

Secondly, EOS is currently an ERC20 token on Ethereum Blockchain and ironically is the competitor of Ether. After the launch, EOS will definitely try to sell all the ETH for buying EOS. I don't think they will put all the money collected from ICO into competitors wallet. They have vested interest in building their own organisation. With the value worth of $2 Billion Ethereum tokens with EOS organisation, EOS could dump all the tokens and become the number 2 coin in the market itself.

By doing that they could flash themselves in Media, empower the community and beat the competition in one shot. What could be better than that?

2. Airdrops.

Blockchain Community knows better what projects are taking off and how will Blockchain work for those project. It's easier to gather support from the community members of blockchain for kick-starting certain projects. And the easiest way to get it kick-started is AIRDROPS.

For those who don't know what AIRDROPS are? They are free token given away by companies before announcing their ICO. Airdrops help kickstarting communities and gets the buzz going around.

On EOS, Airdrops have actually started coming in, with Everipedia, eosDAC, Carmel and IRYO.
Isn't that great? having few tokens of EOS helps you getting more token for free.

3. Lease and Sense of Ownership.

Very much like Steem, projects on EOS Blockchain will be needed to have some bandwidth to run. Bandwidth comes from the number of EOS one holds. Nascent stage project on EOS will either buy their own EOS or will take some EOS on the lease, for bandwidth.

Leasing will help investors making passive income on EOS Blockchain. It will actually make people stop selling EOS and vesting more on the platform. In future, EOS will so scarce that the price will 10x of prices now.

With the bandwidth comes the sense of ownership, it's very much like people have invested in real estate which they could lease out or partner with other business owners to share profits.

The way new projects are switching towards EOS, I could see that happening soon.

4.Partnerships

A few days back Block.One Organisation announced the partnership with Mike Novogratz and Eric Schmidt. Who are they?

Mike Novogratz

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As Per Wikipedia:

Michael Edward "Mike" Novogratz is an ex-hedge fund manager, formerly of the investment firm Fortress Investment Group. He was ranked a billionaire by Forbes in 2007 and 2008.

Eric Schmidth

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Eric Emerson Schmidt is an American businessman and software engineer. He is known as the Executive Chairman of Google from 2001 to 2017 and Alphabet Inc. from 2015 to 2017.

That means these people not only trust the technology created by Dan Larimer but will be supporting the upcoming project on EOS Platform as well.

Conclusion

When John Oliver suggests that EOS doesn't even have a product now, he is definitely ignoring or undermining the work done by EOS, the testnet, Github codes and the partnerships. The community and people connected with EOS are also the assets which are needed to be included while deciding on the valuation of the organization. With people like Mike and Eric Schmidt on board, we cannot just say EOS is overvalued.

On the technology front, we have seen how Ethereum is not able to sustain the traffic. People who know about Steem could clearly say why Steem as a blockchain is way better than any other Blockchain in handling traffics and have high TPS. DPOS is much better than any other form of consensus mechanism. With reduced incentives for mining coins and without much waste of resources like energy, we have a technology which is both scalable and sustainable. Not to forget the fee-less transactions.

EOS ICO has raised around $1.5 Billion to date and that amount is more than enough to hire the world's best developers, policy makers, planners and thinkers. They will be having the best people around working for them.

For the people who have heavily invested in ETH, guys make a mental note of selling all of your ETH by April. If EOS just dumps it's 16 Million ETH token at once, I am sure Ethereum will lose its market cap. Billions of Dollars in competitors hand is a lot of money.

With being part of EOS Community from Early Stages will help you accumulating free AIR-DROPPED token and will surely open a lot of opportunities for earning money.

Lastly, just to make things clear, I don't have any association with Block.One. They are not paying me anything to me for writing this post. I myself hold few EOS.Though I have faith in the technology, I am not suggesting you should buy EOS without doing your research. Blockchain technology is still in nascent stages and it's early to say that which technology will emerge as the winner. Do your research, check the Github EOSIO Directory, join the community on telegram and ask them questions before investing.

KEEP HOEDLING :)
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