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RE: EOS Longer Term Pespectives: Basing with Two Rounded Bottoms! Bullish!

in #bitcoin7 years ago

@haejin Thank you very much for your analysis but how does 2,000,000 daily coin supply increase affect your outcome? I would agree with you if most of the coins were in the circulation. @jerrybanfield has a different idea: https://steemit.com/eos/@jerrybanfield/eos-ico-token-distribution-system-and-result-for-bitfinex-trading - could you please take a moment and share your thoughts?

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What Jerry’s idea is based solely on is the token distribution amount and current market cap. You would have to assume that the crypto market cap will not increase over a year and that EOS will not gain a larger piece of the overall market. I think this is wrong on both accounts and EOS is on track to be the most useful crypto with mass appeal.

@jbbasics Yes, I have no doubt about EOS and its usefulness. I am very excited about EOS and bought in early, but every day seems to bring the price down and I would be much better off buying today than right at the beginning. I want to buy more and timing seems to be a critical thing with this ICO. Maybe I am trying to sense the bottom or just make sense of how 2,000,000 daily coin dump combined with the demand influences the pricing. Anyway, I am keeping a keen eye on this one.