EOS Friday - Week 6

in #cryptocurrency7 years ago

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@dan gave a nice update on EOS this morning. Seems like everything is moving very quickly for EOS. I'm very excited to see what happens when EOS is fully launched. It could be a real game changer for crypto, if people adopt it.

That's one of the curious things about crypto to me. People seem to cling to what worked in the past, in a space that screams moving forward and advancing. Just look at bitcoin, is there anything Bitcoin can do that numerous other currencies can't? Its not usable for everyday transactions or small transactions. Even just moving your money to a more secure location is expensive. On top of all this it's slow. But yet it's still the most valuable and widespread cryptocurrency.

I'm concerned a similar scenario might unfold with EOS and Ethereum. It seems like EOS will be a superior product to Ethereum but if peope are already using Ethereum for tasks that would be better and easier on EOS they might just not want to switch. I hope that doesn't happen since cryptokitties really illuminated the shortfalls of Ethereum in my opinion but it's not always easy to convince people there is a better option.

Here's how the project looks so far:

EOS OwnedCurrent Price
31.26$9.76
InvestmentCurrent ValueNet Profit/LossProfit per Day
$367.75$305.10$-62.66$-1.84

We are slowly making our way back to the moon/Lambo city but it's going to be a long slow journey. Only down $1.84 per day, EOS is our second best performing hodl behind NEO. I'm very confident we will be in profit come the end of the year but right now we are just going to keep building up that stack and hodl, hodl, hodl.

I'm still taking suggestion for this weeks followers choice coin so let me know what coins you are hyped about!

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EOS is in a great position to really take off as it continues to be adopted by banks and commercial firms. I'm still bullish on ETH too but there's a real chance EOS starts to replace ETH, if its development continues as its current speed. I just re-upped my investment in EOS!

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BTCBitcoin10117.900$0.75%18.92%
EOSEOS9.957$-1.92%9.03%
ETHEthereum940.408$0.36%9.9%
NEONEO129.010$5.03%12.37%

Would love to fast forward into the future 6 months and see where the crypto markets are at.

That would make life a bit less stressful