Odrec
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Activity: 112
Merit: 10
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July 02, 2017, 07:37:17 PM |
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I don't get it. How can the price of EOS in the ICO be $0.4379 while the price on Kraken is $2.2? Is this correct?
That window isn't finished yet. The price will continue to rise throughout the day So I don't get it. What is the difference of getting it through the ICO or the exchange? Is there any?
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Münzpräger
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July 02, 2017, 09:00:48 PM |
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I don't get it. How can the price of EOS in the ICO be $0.4379 while the price on Kraken is $2.2? Is this correct?
That window isn't finished yet. The price will continue to rise throughout the day So I don't get it. What is the difference of getting it through the ICO or the exchange? Is there any? no difference. it could be that mainly Americans buy on Kraken as they are not allowed to participate in the ICO.
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Mightywill
Copper Member
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Activity: 90
Merit: 0
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July 02, 2017, 09:35:16 PM |
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this eos really looks like a scum, too big ambitions and even no prototype so far
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burner2015
Full Member
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Activity: 238
Merit: 100
Co founder & CMO SocialX
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July 03, 2017, 05:09:16 AM |
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this eos really looks like a scum, too big ambitions and even no prototype so far
I am with you 500+ MIO Marketcap. Yes it could be massive, but not now so for long-term investors I would recommend to wait a bit (if you missed the ICO) and buy on some nice dips which always come after the HYPE is away. (see Bancor, see Iota, see XX) .
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CoinHoarder (OP)
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Activity: 1484
Merit: 1026
In Cryptocoins I Trust
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July 03, 2017, 05:44:51 AM |
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EOS is definitely a risky investment at this point.
I have confidence in Dan's skills, and to those that are espousing that there is not much information as to exactly how EOS works... there is probably a good reason for that. Ethereum, et al, would love to digest a competitor's roadmap for scaling and possibly implement some of the ideas in their own implementations (if found worthy.) I am sure Dan has a plan, but whether it is the best smart contract scaling plan is yet to be seen. That ads risk alone.
But... let's assume that he has the best plan for scaling smart contracts. As expected, the first ICO window set an astronomical tone for the valuation of EOS tokens. As such, I did not participate in it.
650,000 ETH for 200,000,000 EOS
= 0.00325 ETH per EOS token
There will be 1,000,000,000 total EOS at the end of the ICO.
= 3,250,000 ETH Market Cap
= $942,792,500 USD EOS Market Cap
If EOS is eventually successful, then this might seem like a value at this point in the general cryptocurrency market timeline. However, you must keep in mind that practically every cryptocurrency is overvalued at this time and that market capitalizations will retreat back to pre-bubble levels in the nearish-mediumish term.
There is no escaping the overall cryptocurrency bubble, and all cryptocurrencies (Bitcoin included) will feel the consequences of such. EOS is no safe haven, and I expect to buy EOS in future rounds at a discount compared to the prices that are currently being paid.
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Joohansson
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July 03, 2017, 06:04:08 AM Last edit: July 03, 2017, 06:48:18 AM by Joohansson |
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Seems very risky investment. I bought some 24h ago at Kraken just for fun, now up 300%! That's insane.
Edit: 400%
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P4ndoraBox
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July 03, 2017, 06:08:26 AM |
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Just came accross that coin that is getting +300%....
Yikes... Really not sure its the right time to invest.
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slaman29
Legendary
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Activity: 2800
Merit: 1282
Livecasino, 20% cashback, no fuss payouts.
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July 03, 2017, 06:16:17 AM |
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Actually, am also very confused by how people are buying them from exchanges at a higher rate than they can get at ICOs. If it's because they're American, surely getting the tokens off from an exchange would be just as wrong, if not even harder. Looks more like manipulation to me.
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Liquid71
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July 03, 2017, 06:44:39 AM |
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Just be sure to get out before Dan, he's dumped and abandoned his other projects leaving a lot of bag holders while he walked away with all the money.
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tobeaj2mer01
Legendary
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Activity: 1098
Merit: 1000
Angel investor.
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July 03, 2017, 06:50:33 AM |
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EOS is definitely a risky investment at this point.
I have confidence in Dan's skills, and to those that are espousing that there is not much information as to exactly how EOS works... there is probably a good reason for that. Ethereum, et al, would love to digest a competitor's roadmap for scaling and possibly implement some of the ideas in their own implementations (if found worthy.) I am sure Dan has a plan, but whether it is the best smart contract scaling plan is yet to be seen. That ads risk alone.
But... let's assume that he has the best plan for scaling smart contracts. As expected, the first ICO window set an astronomical tone for the valuation of EOS tokens. As such, I did not participate in it.
650,000 ETH for 200,000,000 EOS
= 0.00325 ETH per EOS token
There will be 1,000,000,000 total EOS at the end of the ICO.
= 3,250,000 ETH Market Cap
= $942,792,500 USD EOS Market Cap
If EOS is eventually successful, then this might seem like a value at this point in the general cryptocurrency market timeline. However, you must keep in mind that practically every cryptocurrency is overvalued at this time and that market capitalizations will retreat back to pre-bubble levels in the nearish-mediumish term.
There is no escaping the overall cryptocurrency bubble, and all cryptocurrencies (Bitcoin included) will feel the consequences of such. EOS is no safe haven, and I expect to buy EOS in future rounds at a discount compared to the prices that are currently being paid.
The price in only hype thing, EOS team use ETH from crowdsale to hype market, they send 20000ETH to Bitfinex and 2000 ETH to Kraken to do hype, for yunbi.com, lixiaolai is an investor/co-owner and he is member of EOS team too, so the hype in yunbi is crazy. https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4#internaltxIn summary,nothing much, just hype with the money from investors, not sure whether this is legal or not.
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Sirx: SQyHJdSRPk5WyvQ5rJpwDUHrLVSvK2ffFa
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#BiT_pOL
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July 03, 2017, 06:55:09 AM |
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Sorry, but I do not understand the price problem or the doubts about it .... this ICO is REALLY innovative in the timing and distribution method, the official page is well specified method (5 days fixed price at 0.003259510 ETH / EOS) , In the following windows the price is determined by the market in that way .... "At the end of the 5-day period and at the end of each 23-hour period referred to above, a set number of EOS tokens will be distributed pro rata among all authorized purchasers, based on the total ETH contributed during those periods...." https://eos.io/instructionsThe prices of the various Chinese exchanger (yumbi, bter, others) or USA only reflect this ....... market law (be careful, in this case piloted very little by the exchanger but by the ico timing Windows , if there are more investors in the window the 2000000 eos will be .... etc. etc. The current price of 0.01301981 ETH reflects this trend: number of tokens distributed to an authorized purchaser = a* ( b / c ) a = Total ETH contributed by an authorized purchaser during the period. b = Total number of EOS Tokens available for distribution in the period. c = Total ETH contributed by all authorized purchasers during the period.
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Sunrise2000
Member
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Activity: 112
Merit: 10
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July 03, 2017, 06:56:38 AM |
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I dont understand why price is skyrocketing at now.. at least 330% up.. maybe speculation...
Nevertheless I'm afraid to buy it.. because high probability of scam..
Also Circulating Supply - 150,605,366 EOS; Total Supply - 1,000,000,000 EOS. So they can supplement coins when they need it.. So for me smells real scam.
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*Skyhigh*
Member
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Activity: 101
Merit: 10
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July 03, 2017, 07:07:59 AM |
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I think many people don't know ICO is still ongoing. You rarely see a coin on the market while ICO is still going on. Then again the first 5 days 200 million coins were distributed and now 2 million daily.
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RonMank
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July 03, 2017, 07:15:50 AM |
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EOS is doing well today
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tobeaj2mer01
Legendary
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Activity: 1098
Merit: 1000
Angel investor.
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July 03, 2017, 07:20:47 AM |
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Sorry, but I do not understand the price problem or the doubts about it .... this ICO is REALLY innovative in the timing and distribution method, the official page is well specified method (5 days fixed price at 0.003259510 ETH / EOS) , In the following windows the price is determined by the market in that way .... "At the end of the 5-day period and at the end of each 23-hour period referred to above, a set number of EOS tokens will be distributed pro rata among all authorized purchasers, based on the total ETH contributed during those periods...." https://eos.io/instructionsThe prices of the various Chinese exchanger (yumbi, bter, others) or USA only reflect this ....... market law (be careful, in this case piloted very little by the exchanger but by the ico timing Windows , if there are more investors in the window the 2000000 eos will be .... etc. etc. The current price of 0.01301981 ETH reflects this trend: number of tokens distributed to an authorized purchaser = a* ( b / c ) a = Total ETH contributed by an authorized purchaser during the period. b = Total number of EOS Tokens available for distribution in the period. c = Total ETH contributed by all authorized purchasers during the period. Until now EOS only has a rough whitepaper,nothing else, coding is at the very beginning.
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Sirx: SQyHJdSRPk5WyvQ5rJpwDUHrLVSvK2ffFa
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RonMank
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July 03, 2017, 07:22:25 AM |
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Until now EOS only has a rough whitepaper,nothing else, coding is at the very beginning.
What did Ethereum have when pre-sale went live? They had some lines of code but it was still pretty basic
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Sunrise2000
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July 03, 2017, 07:23:39 AM |
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So, guys, did you bought some EOS or not? What suggestions?
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str4wm4n
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Merit: 1001
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July 03, 2017, 07:27:18 AM |
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I can't decide if I should follow the FOMO train...
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Sunrise2000
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Activity: 112
Merit: 10
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July 03, 2017, 07:30:26 AM |
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Yea, I cant decide too
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ostsee77
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July 03, 2017, 07:35:52 AM |
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Ich buy yesterday. It's ok
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