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RE: EOS/BTC Analysis: Target: 0.00213 BTC (886% Profit Potential)

in #bitcoin7 years ago (edited)

They don't sell 2 million a day. They make 2 million available per cycle...which can only reach the 1,000,000,000 mark IF they sell that much.

And if they don't.....they will likely continue to release at that rate at launch, maybe even faster than now. I should have been more clear about that...they likely won't sell their 1,000,000,000 so then they will release them at that rate at market price at launch.

If you look at the page you posted, we are in release period 144/350. They claim to have sold 586,000,000 EOS. The max number is 1,000,000,000. Divide that number by 350 release cycles. You get 2,857,142 per cycle. Multiply that by 144 and you get 411,428,571 coins released, yet the actual number of coins in circulation is 478,939,382 to be precise. So ok, they did bonuses at the beginning maybe, except they didn't, they did discounts. So where are their numbers coming from? Who knows? Even if you divide 586,000,000 by 144, the number is 4,069,444 average. Your thought that the inflation rate will keep the price down doesn't prove true even with a higher inflation rate than you proposed. The initial pricing was at $2, it has fallen, as all coins fluctuate on the market, and the inflation has continued to grow....and here we see the coin gaining value daily. That can't really be explained logically....which again is why "I don't give a shit" comes into play.

And as I mentioned earlier, the video YESTERDAY has the quote I quoted in it at 2:40:
https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this

So, you're incorrect about that.

But none of that matters really, the price movement disagrees with you, and that's all that matters.

Next, you're assuming they sell all those coins by then, when most people are buying from the markets, because it's a better buy. For the sake of argument, let's say they do, and let's assume they have been every day since the token launch.
Why then, has the wave analysis been correct with the inflation level going up so much? And what leads you to believe that's going to change at any time? Again, none of that matters.

Oh brother, I should hold my EOS, maybe that's what I need? This is a TRADE setup. I am not even going to bother with an insult about that, because that should be obvious from the get go.

I will hold my EOS because I bought it at a great price....do you expect a coin of such low value to dump on the day the platform is released? The whole point of releasing this way is to create a real market price by the time of launch and to keep one person or group from owning so much they control the value.

Of course you can disagree, it's simply your opinion, whereas haejin puts his balls on the line making calls. And guess what? They've been hitting.....even with the "2 million" coins a day inflation.

God this is a fucking mess....if you'd like, I'll just say you're right, he did say the wrong amount released. That being said, the price movement completely disagrees with your ideas on what is supposed to happen, because again, price movements matters, not what you think is supposed to happen due to the inflationary rate.