EOS may just be one of the most significant investments in our lifetime that we may not have missed like Bitcoin!
Congratulations to those who didn't miss it, but most of us definitely did. Yet, we still have time with EOS because of the way they set up their initial coin offering (ICO) in the form of something similar to a “Dutch Auction” making it the most successful ICO in history. The other tech giant that did this was Google and we see how that turned out.
This is genius because it allows EOS developers (Block.one) to set a higher price to gain massive amounts of venture capital before it is released in June of 2018. That is why we still have time, and also why the dollar cost average strategy is perfect for this type of investment.
Dollar Cost Averaging is when you invest a certain amount of money, into a specific security (or cryptocurrency), on a consistent basis. The overall concept is that if the price rises or falls you still average out with returns. So you may lose a little ,but you also gain little, so on average you stand to make steady returns with less risk. Every month you would spend a fixed amount of fiat currency (on crypto's ;) and if the price is lower, you buy more, if the price is higher then you buy less. Keeping in mind a fixed budget per month.
Gif by Giphy.com
For years, this has been a go to strategy for individual investors to get started with stocks, and now cryptocurrencies, because you can set a budget of just how much you can afford to buy, and when you want to buy it.
This is not investing advice, but just sharing the strategy that I personally am using to invest in EOS.io
As we know, stocks and especially crypto's are extremely volatile and most are built purely on speculation; we never know what is going up or down, or when. So instead of purchasing large sums at one time (holding and hoping for the best) a better strategy is to buy small amounts on a consistent basis. I plan to HODL for at least a year or two, especially with something like EOS.
EOS stands to be the largest and fastest blockchain in the world, because like their website says, it is “The Most Powerful Infrastructure for Decentralized Applications”. It is safe to assume such a lofty statement like that when you consider what the developer Dan Larimer has already accomplished with Bitshares and Steemit.com.
Dan Larimer's first project Bitshares is still one of the most successful exchanges in the world and it is also faster than Bitcoin and Ethereum combined! It is basically an economy within itself because it models the Bitcoin decentralized model while being versatile like Ethereum; as well as being a currency, a bank, a network, and exchange all in one!
Yet, this was only a start-up project for @dan, and after watching several videos on why it showed that he was more focused on getting to build something like EOS. In the meantime, he was still able to prove that his decentralized platforms can work. Even on a social media network blockchain like Steemit!
Photo by Cointelegraph
Steemit.com has only been around for about two years and is already in the top 1000 websites in the world ranked by Alexa, the Amazon company. Which ranks how well a website compares to others in terms of Search Engine Optimization, speed and mass adoption. Steemit is possibly the largest and most utilized blockchain in the world, and it was something like a side project for Dan Larimer.
These two extremely successful platforms were just leading Dan to create what he really wanted to make which is EOS. A completely decentralized operating system where ideas like these can be freely developed and implemented.
There are three main reasons, based on solid research, why this is an amazing investment opportunity, even though there are only about two months remaining before the launch in June of 2018.
The first reason is something I never really considered, but knew about all along. As you may know as well, we can only purchase EOS with Ethereum (ETH). This is a brilliant strategy because it is slowly but surely acquiring a large portion of the Ethereum’s circulating supply. EOS already has 100 million Ethereum, not including all of our investments, with no real need to keep the Ethereum coins after they launch. So when EOS launches in June, they will move all of the ETH over to EOS inevitably lowering the price of Ethereum and raising the price of EOS! Basically taking over their main competition almost before they even launch!
This leads nicely into the second reason of investor influence to move their smart contracts from Ethereum to EOS. Not only is EOS built for scalability and speed, but there are no fees! So the projects that are currently on Ethereum will have an overwhelming incentive to move over to EOS, simply for the scaling and speed solutions. This also gives investors another incentive to HODL by building sustainable ecosystems that bring more value than just money.
The third reason is the opportunity (for even the "little guys") to invest using the dollar cost average strategy mentioned above. Most ICO’s are built on a “pump & dump” strategy that are time sensitive only allowing a short time period to get in before they launch, and allow certain investors to get a better stake than others. The developers at Block.one for EOS.io allowed an entire year for investors to learn about EOS and know what they are getting into. That speaks volumes for itself.
Personally I am trying to invest at least 150.00 - $200 per month on EOS using the dollar cost averaging strategy and purchasing it on Binance. I may buy it on various weeks throughout the month, but will try to stay on a consistent monthly schedule; buying more when its low and less when its high.
To some of the "Whales" that is probably a tiny amount, but in contrast to some of the "minnows or phytoplankton" getting started, it may seem like a lot. It really comes down to the individual and their circumstances. I personally try to approach it with a long-term focus when I understand and see the potential behind the technology and utility of a project like EOS.
What do you all think and how are you planning to invest, or are you planning to at all? Let me know in the comments!!
great strategy i will implement
Thanks for that @clearbluecrypto!