EOS Update: WHY I LIKE EOS !!!
7 years ago in #bitcoin by haejin (85)
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Yess EOS is the shit
Damn right!
So you like the fundamentals of EOS as well as the technical picture. That's got to be good.
Yes. But with the belief that TA begets the fundamentals and not the reverse.
Good news for investors who bought their EOS on an exchange.
https://steemit.com/eos/@kcfrau/eos-io-is-now-updated-to-inclue-generate-eos-functions-for-non-metamask-users
I think EOS sounds amazing....except with the ICO still in progress for another 261 days, with 2 million tokens a day being released, I can't fathom how the price can fundamentally move much in this time??
Especially since the way the ICO is structured it's like a reverse supply/demand model, where they distribute the tokens from each 24 hour period, evenly based on the amount of ETH contibuted.
The greater the demand, the cheaper the EOS, and if demand drops, the price of EOS for that 24 hour period goes up.
Once the ICO period is over in 261 days though, all bets are off!
For me, fundamentals have no opinion in my Elliott Wave counts. Technical Analysis begets fundamentals and not the reverse. So, even if 10 million per day....my EW count relies on sentiment of Greed/Fear to do their job. Greed unbound has no limits and overcomes many resistances.
I'm not going to miss out on EOS... 18k holding till at least $12.50.
Best to be well diversified.
I LOVE EOS if they can deliver on everything, but I HATE the token. I don't see why anyone wants it. Block.one already said they wont give anything for token holders. Why isn't the erc20 token worth $0??
Here is about the philosophy of this ICO https://steemit.com/crypto/@razvanelulmarin/eos-ico-announced-what-s-gonna-happen-and-some-updates-from-dan. It is obvious that traders will not like it. But that was the goal!
I don't know my friend...I only read the waves. Also, Elliott Waves states that an event or a news shall arrive to justify the forecast and not the reverse.
But I mean the token is worthless except by a group of people who still for some reason "think" it has value? idk...I don't see how anyone wants it, despite the idea of EOS being amazing. Like how does block.one even still expect people to purchase it?
I agree its so unclear. Up until a few weeks ago I understood that the token would not be worth anything in the new EOS world, but I now believe it will. I currently understand that the EC20 token available today, will be converted to a new token on the EOS block chain 48 hours after the presale ends. Therefore, you need to map your ethereum address (that holds the EOS tokens) to an EOS address to make sure you receive your new tokens. There is some info on this here:
http://support.exodus.io/article/65-i-ve-received-eos-tokens-in-exodus-how-do-i-register-them
What are u talking about man? You must be reading false or skewed info
During the bitcoin correction post Wave 5, when it enters ABC, how low could E O S correct to?
In terms of Elliott waves say it enters a new wave 1 going to Wave 5 in next month pror to Bitcoin's correction. Could a bitcoin correction bring it down to present lows, or would it hold above the previous wave 1? Thank you.
Post Wave (V) the ABC is expected to reach prior Wave (IV) which is sub $500. More specifically $130. What a buying opportunity this will be! Because $27,000 or higher would be next.
I'll be reposting another Big Picture video.
Bitfinex apparently is not letting me trade because i am in the US. Wtf? Anyone know anything about this? Right now im using bittrex but there are things i dont like about it.
EOS has said that due to US legislation, they will not allow US citizens to buy or trade EOS tokens. Therefore, they could be limited for US citizens on exchanges.
Can you post a link on this intel? Interesting.
This is the block one statement from their website:
'17. Why can’t U.S. citizens, residents or entities purchase EOS Tokens?
It was decided that U.S. citizens, residents and entities should be excluded from purchasing EOS Tokens in the token distribution because of some of the logistical challenges associated with differing regulations in the many states of the United States of America. block.one does not believe that the distribution of EOS Tokens or the EOS Tokens themselves are securities, commodities, swaps on either securities or commodities, or similar financial instruments. The EOS Tokens are not designed for investment or speculative purposes and should not be considered as a type of investment. Nevertheless, U.S. citizens, residents and entities should not purchase or attempt to purchase EOS Tokens. '
The entire thing can be found here:
https://eos.io/faq.html
This article has a bit more:
https://steemit.com/eos/@robrigo/warning-bitfinex-suspended-trading-eos-for-all-u-s-persons-effective-immediately-today-august-11-2017
They are kicking all us accounts out. Go to Bittrex
Hello haejin,
If I buy EOS on any exchange today will it be a converted to a EC20 token?
Are there two EOS's coins?
Anything Dan is involved in is Golden!
thanks.
You are buying the EC20 token. The issue is that the EOS website states:
'The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform.'
https://eos.io/faq.html
However, I believe that the EC20 tokens get converted at the end of the crowd sale (June 2018) into a new token on the EOS chain (or similar). Its not clear though.
Hi, and thanks.
So, if I understand correctly if I believe in EOS, @dantheman / @jamesc and @modprobe and the rest of the team I am safe to buy EOS on Bittrex or where ever its sold?
Not sure what you mean by safe. I think in June next year the EC20 tokens will be converted to something else in the EOS environment but can’t be sure if this is correct, what they will be converted for and if this will have any value. You’ll have to make those decisions yourself.
No shit I have to make my own decisions???? dah.
A person asks for information or direction from others to help make those decisions.
So, If you can't answer the question then don't answer without something positive to say. Thanks.
You asked if it was safe! No one can give you assurances it’s safe! I told you what was published. Perhaps you should do your own research in future instead of asking strangers on a forum where you should invest your money!
As they clearly state, EOS tokens have no value with no intention of having value in the future. If that’s ‘safe’ then fill your boots. As I said, you’ll have to decide what they mean by ‘no value’.
Safe, safer, less risk... its all about reducing RISK! you must be young or new to trading?????????????????????
You say: "Perhaps you should do your own research in future instead of asking strangers on a forum where you should invest your money!"
Following Haejin and others work is doing part of my research.
Looks like thats what your doing... seeing you here on haejin's Blog.
You thinking, EOS tokens have no value with no intention of having value in the future will cost you dearly.
I know the creators and they would never fuck me or anyone over.
So go ahead and don't buy.
I will fill my boots. thanks
I don't know. But I can't see how not. It would be considered as fraud and ruin the rep. Yep! Dan Larimer is NOT a thief nor a crook! I try hard to take his example of working for the good of humanity and find a way to give back.
So there is about to be two EOS's ?
I am confused..
the EOS coin now is not the actual eos coin later when the network is running.
the current eos will be converted to new eos coin on the actual network later
thanks tt-dogg!
Do you happen to know what the conversion rate will be? from the current EOS to the new EOS coin ?
thanks.
I do think we will know till the eos ico is over next year. Just remember to claim it before he deadline before the real eos chain launches.
Hi tt-dogg,
Can you please explain or provide me a post explaining; Claim your EOS before the deadline, before the real EOS chain launches
I did hear something about this a ways back, so what ever info you can share will be appreciated.
it's pretty obvious that EOS is going to be $100+ coin soon I am glad I am apart of the early adopters.