Time to buy ETH in prep for EOS crowdsale
Why? Because once EOS begins it's crowdsale on Ethereum the amount of ETH which could be locked up can be massive and for a long time. They intend to have the sale go on for a year using the same method used in AGS with some modifications. In my experience as a participant in AGS, I recall it being the most successful crowdsale ever at the time. From a psychological perspective every day was a brand new day and new chance to capture a nice sized stake.
If you are reading this right now and intend to get in on the EOS sale, you should buy your ETH before the obvious pump of ETH occurs. This is one less reason to sell ETH and another lock up of potentially thousands of ETH for years. It is possible we can see $500 ETH this summer and $1000 in 2017 just due to buy pressure from crowdsales. Tezos also has a crowdsale this month and will accept ETH as well which means potentially even more pressure.
Of course if you think ETH could crash soon, maybe now isn't the best time and it is better to wait. Also maybe you hold something like Bitcoin which is also going up at the same time? Currently though we are at ATH territory and I don't see anyone being able to dump the price once the EOS crowdsale begins.
I have to warn everyone that it has a big disclaimer in it saying:
Because of this I feel uncomfortable telling anyone to buy eth for this ICO simply because it doesnt say for certain...so if someone buys and this doesnt happen, eth will tank and i dont want to create bagholders. Good post though regardless. :)
Thanks for the info.
A lot of moves in the market and crypto world, the value of ETH will go up for sure, more use of it will create more demand wich is going to increase the price. So it is not a good time to sell now.
I see eth going to a thousand next year
I see it going to a thousand before December already
I do think ETH will drop down below 290, ~naturally of course after being at an ATH.
Also,
If the crowdsale will go on for a year, can't people just wait til the very end ? Because I do believe ETH will be much higher a year from now
Think about it, do you want to wait until the end? What do you think it could cost and how many tokens will be left?
The token supply is the same everyday for a year after the first 5 days.
:) Exactly what I thought. Good answer
even though the EOS crowdsale requires ETH to purchase, wouldn't the token price essentially be calculated like (USD contributions during days 1-5)/(200,000,000)...?
thus, even if ETH price did rise significantly, it wouldn't make all that much difference if doing a direct conversion of other crypto to ETH on the day invested in the EOS ICO - perhaps even potentially smarter to wait until later in the 365 days when ETH value has risen?
i.e. could invest $100 at the start - or leave in ETH until its value doubles, then invest that doubled amount later, for $200 worth of EOS...?
If it were calculated in USD that would be interesting, but we don't know for sure do we? Did you inspect the smart contract code? I haven't had the time.
I'm not sure there is a definitive way to calculate it specifically in USD or any currency, though am just looking at it like that as a standardized reference point, for ease of figuring out returns and relative value - both to first assess whether smartest to get in during the first 5 days or after, and what's likely to happen on the exchanges as the distribution period continues.
I haven't read the code, as don't have the coding/programming knowledge to interpret - hence am approaching my analysis from a purely mathematical standpoint.
If you post the smart contract code I'll give it a skim. Also, from what I saw it made sense to get in early because there is a cap on the total amount of tokens, or am I wrong? So in the case of a cap, you don't get it cheaper by waiting when less are for sale do you?
Also more information about EOS will keep coming out, and more demand could come from that hype making it harder to get tokens each day. Remember AGS?
1,000,000,000 tokens total.
200,000,000 during the first 5 days = first period
2,222,222.22... each day from 6-365 is its own subsequent period.
the tokens for each period to be distributed proportionately to the contributors in each period.
i.e. if they raise $200,000,000 during the first 5 days, that price should work out to $1/token...
subsequent days - if they raised $2,222,222.22 per period, it'd be at same price. if more, lower price. if less, higher price.
and simultaneously, tokens can be withdrawn and will be tradable on the markets - so should make for something of a complicated dynamic...
There is a way, and I could write an app to calculate it if there was a real time data feed on the price to plug into the app. In general, we can track it in dollars and someone will write the app if the API necessary is available to do it.
LMAO!! Yeah... I feel its time to throw money at it ! Hahahaha! not out the bloody window! :))
crowd-sales is no reason for the price to go up, there are so many eth the ones used in the sales is just a drop in the bucket. However I also think eth will only go up but sure to see a correction before that happens.
The ICO mania is just beginning.
Look at the calculations that i made.. : https://steemit.com/ethereum/@kushbuddy/ethereum-mining-experiment-dragon-gpu-mining-starter-3x-rx-570-8gb-help-me-invest-in-the-future-or-high-profits