Jerry, you may want to check a few more data points on comparing bitfinex price to the ICO distribution. I have used both multiple times to purchase EOS ( as a US resident). On many instances the purchase on bitfinex gets you lower prices.

Things to consider: The distribution happens once a day and you would have to be there at that exact moment to even try to gauge the average price of EOS on that round. Like you said, it is flooded with contributions up to the second the round closes. It is rare that that this is the exact moment that EOS was at its low on the day.

With minimal charting experience you can set limit orders near support and easily get a order fill on bitfinex at a lower price.

Many people look at the 1B token distribution and try to extrapolate current market cap to that final distributed token value. I think this is fine if you feel the overall market will stay at the current status (with no additional growth), and you feel that EOS will not gain any ground on its share of the overall market.

I think what we are seeing now in the markets should clearly be signs that this will not be true when the time comes.

EOS has strong support at 0.5$. I’m not saying that this cannot be broke, but there is definitely large interest at that value.

If bullish on EOS, like myself, I feel the best approach is to layer into a position to cost average. Nobody will look back and say “ crap I got my EOS at $2” when it is at $200. For me EOS is a long term play so don’t apply the same logic if trying to trade it short term. Thanks for sharing!