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Other => Random Discussion => Topic started by: Method-X on June 29, 2017, 09:51:25 pm

Title: EOS Price
Post by: Method-X on June 29, 2017, 09:51:25 pm
At the time of this post, EOS has raised 313,332 ETH ($97,785,000 USD). Is it just me or does this seem massively overvalued?
Title: Re: EOS Price
Post by: lakerta06 on June 29, 2017, 09:56:14 pm
Not if it delivers what it claims.
Title: Re: EOS Price
Post by: nomoreheroes7 on June 29, 2017, 10:32:23 pm
Duuude, it's method-x! What's up bro?

Wait until a later window to buy in, after hype has died down. I too think it's massively overvalued right now.
Title: Re: EOS Price
Post by: Method-X on June 29, 2017, 11:16:13 pm
Duuude, it's method-x! What's up bro?

Been kind of MIA these past couple years but this latest crypto bubble has brought my attention back this way (a bit).  :D

Wait until a later window to buy in, after hype has died down. I too think it's massively overvalued right now.

It's like a pre-launch bubble and it will pop as soon as tokens start trading on exchanges. I'll probably scoop a few up at that point.
Title: Re: EOS Price
Post by: CastAway33 on July 01, 2017, 04:43:12 am
I also agree it looks over-valued. If you do the Eth-to-Dollar math for the 200M tokens, that comes to around $0.62 per token. At $0.62 per token for 1B tokens, that's a market cap of $626,000,000. That puts it in the top #10 on Coinmarket Cap. http://coinmarketcap.com/ Above several other well established currencies

I love Dan Larimer and think he's brilliant, but at that price, I probably wouldn't buy if Jesus Christ himself developed the coin. We all assume it has great foundations, but as of yet, the new EOS system is not widely tested, not released, and won't be for another year. IMHO, many people seem to be on a crypto-high. Are they just dumping coins in a crazy gamble and not doing the math? Strange
Title: Re: EOS Price
Post by: yvv on July 01, 2017, 12:43:20 pm
Man, these crypto "investors" are throwing millions without even thinking to every ICO, regardless if it is a plausible project or just blahblah talking. Crypto developers have no motivation to work at all, because they don't need to work to become rich.  Just collect money and retire. Larimer will be stupid if he don't do this :)
Title: Re: EOS Price
Post by: nomoreheroes7 on July 01, 2017, 01:16:26 pm
Man, these crypto "investors" are throwing millions without even thinking to every ICO, regardless if it is a plausible project or just blahblah talking. Crypto developers have no motivation to work at all, because they don't need to work to become rich.  Just collect money and retire. Larimer will be stupid if he don't do this :)

Yup. $180MM thrown at *20%* of something that's still a year out, hasn't been proven to work, and will be "inflating" by $1.8 million every 23 hours for the next year.

I'm in disbelief.
Title: Re: EOS Price
Post by: 天籁 on July 01, 2017, 03:57:31 pm
X% of ETH market cap is not high.
Title: Re: EOS Price
Post by: mf-tzo on July 01, 2017, 05:52:53 pm
First of all I doubt that the Larimers are just for the money. I believe Dan has some ideals above money and would prefer to be remembered as someone who truly changed the world rather just become another very rich person. In the end of the day I think he has already earned a lot so money should not be an issue here. He really likes his work so he will deliver.
secondly if you believe that eos will be delivered then comparing to eth, eos is ridiculously cheap now..
at least this is my opinion..i was wrong many times in the past about my predictions..
Title: Re: EOS Price
Post by: nomoreheroes7 on July 01, 2017, 06:20:33 pm
While I agree the project is probably worth its current cap and may eventually take over ETH some day...it doesn't change the fact that its opening price leaves very little room for growth. I mean, taking over ETH is not going to be that easy -- and if it actually manages to do that, the gain for current investors is 26x. Which is nice, but certainly not lambo territory heh.

And again, the price is entirely fueled by speculation right now. EOS won't be live for a year, possibly longer. A lot can change in that time. Just feels like the risk:reward isn't worth it right now. When hype dies down in a few months and the market grows impatient, that will be the time to buy some IMO.

I also don't think Dan's in it just for the money BTW -- but I'm pretty sure he found the optimal way to extract the most value from an ICO possible, hah.
Title: Re: EOS Price
Post by: Method-X on July 01, 2017, 06:26:45 pm
Dan's definitely not in it for the money alone. He always seemed more like a "money as a means to an end" kind of guy to me, which is respectable.

When hype dies down in a few months and the market grows impatient, that will be the time to buy some IMO.

Yup. The price will peter out and ramp up to and maybe past the previous ATH when crypto goes through its next hype cycle.
Title: Re: EOS Price
Post by: mudshark79 on July 02, 2017, 07:10:42 am
Lots of people didn't realize that it will be trading from day 6. They are like: "look, it's on Exchanges already". I bet there are some investors among them, too. Not so smart money....
Title: Re: EOS Price
Post by: ag2 on July 02, 2017, 07:24:12 am
First of all I doubt that the Larimers are just for the money. I believe Dan has some ideals above money and would prefer to be remembered as someone who truly changed the world rather just become another very rich person. In the end of the day I think he has already earned a lot so money should not be an issue here. He really likes his work so he will deliver.
secondly if you believe that eos will be delivered then comparing to eth, eos is ridiculously cheap now..
+5% +5% +5%
Title: Re: EOS Price
Post by: ag2 on July 02, 2017, 07:34:40 am
Not unlikely we will see A good market capitalization this year, much above the the initial auction. best source of news for EOS is steemit.com; STEEM blockchain proves graphene technology. steemit is currently massively growing in users. top 1500 site in USA.

I think we will see a spike and then a correction like every of Dan's projects go through. But if there is a test-net up by the end of summer, and continued growth of steemit, this is all very good.

Also the more ETH block.one collects, the more they can threaten the market. We want developers to be able to psychologically leave ethereum, so we want to make their investment  worth little. Maybe this idea is going to far however.
Title: Re: EOS Price
Post by: Method-X on July 02, 2017, 08:22:27 am
We want developers to be able to psychologically leave ethereum, so we want to make their investment  worth little.

Could you elaborate a bit? Core developers or people building on the platform?
Title: Re: EOS Price
Post by: Chuckone on July 02, 2017, 01:30:18 pm
No normal business out there is valued to more than a billion dollars even before having a working product. Don't get me wrong, Dan has proven he can deliver, but right now there's some seriously dumb money in the crypto world.

So much can happen between now and the release of an MVP... No way this project is worth that much at this point in time, considering the risks associated with developing innovative and disruptive technology.

I may be wrong, but adopting a wait and see approach might be the best way to get in cheap, cause hype will die down...

Let's say that I believe Bitshares still have more to give in terms of growth long term. I'll get some EOS, but at the right price.


Envoyé de mon iPhone en utilisant Tapatalk
Title: Re: EOS Price
Post by: JoeyD on July 02, 2017, 03:32:49 pm
No normal business out there is valued to more than a billion dollars even before having a working product. Don't get me wrong, Dan has proven he can deliver, but right now there's some seriously dumb money in the crypto world.

So much can happen between now and the release of an MVP... No way this project is worth that much at this point in time, considering the risks associated with developing innovative and disruptive technology.

I may be wrong, but adopting a wait and see approach might be the best way to get in cheap, cause hype will die down...

Let's say that I believe Bitshares still have more to give in terms of growth long term. I'll get some EOS, but at the right price.

Although I might be a little biased since I have bts myself, but I still find it hard to disagree with you. A billion dollar evaluation of something that is not much more than an idea at this stage is on a Monthy Python level of silly.
Title: Re: EOS Price
Post by: Pheonike on July 02, 2017, 08:46:50 pm

That's one of the beauties of having a year long ICO. It gives to speculators a chance to get in early and the doubters time to see if the are right.
Title: Re: EOS Price
Post by: JoeyD on July 03, 2017, 06:10:24 am
Oh come on, are you seriously saying that a 3 billion dollar evaluation of something that currently is but a twinkle in Larimers eye is not even a little silly?
Title: Re: EOS Price
Post by: lakerta06 on July 03, 2017, 07:07:34 am
4.88 $ now as stated on coinmarketcap.
it is already 9th spot with 150M circulating supply.

This is insane. Nearly 5 billion for an idea. I know people are buying the potential but, come on, 5 billion??
Title: Re: EOS Price
Post by: nomoreheroes7 on July 03, 2017, 09:44:23 am
Up over $5 billion now. Looks like Yunbi's driving a ton of it though, they have nearly $600 million (81%) of the volume.

Just wow.
Title: Re: EOS Price
Post by: ag2 on July 03, 2017, 08:01:15 pm
We want developers to be able to psychologically leave ethereum, so we want to make their investment  worth little.

Could you elaborate a bit? Core developers or people building on the platform?
I think both. For instance it would be great for everyone if Vitalik could leave and do an internship at block.one, then see what it was he was really trying to do.

But I think it's most likely Vitalik  will try and position ethereum as distinct to EOS, and it's future trajectory will be in regards to this. Maybe it could succeed. But right now there is a depressing reality for ethereum enthusiasts coming when the test net launches, if one makes an honest comparison.

EOS like STEEM will benefit from network effect to succeed, being the first mover. An Ethereum bear market would aid that.

Title: Re: EOS Price
Post by: CastAway33 on July 03, 2017, 11:28:26 pm
We want developers to be able to psychologically leave ethereum, so we want to make their investment  worth little.

Could you elaborate a bit? Core developers or people building on the platform?
Psychologically making people leave Ethereum and go to EOS, interesting strategy, but hopeful dreaming in my opinion.

I'll give a metaphor. Imagine the year is 1996. Ethereum might be Windows 95, compared to the future EOS being Mac OSX (assuming it's successful). If you invested in Microsoft in 1996, you would have made good profits and could have sold at the height of Microsoft. If you bought Apple in 1996, you would have a long time to wait before that company got itself positioned in the market properly.

Ethereum isn't the best, but it's running right now. It has solid foundations, it's improving steadily, and it's foundations getting stronger. Everyday new things are being built on on top of it.

EOS is a machine that doesn't exist yet. It's theoretically amazing, but it hasn't been tested. When it arrives, it will have nearly Zero foundations. How valuable is an amazing Operating System that has No applications built for it yet? Good applications take a long time to make, and we still have a year on top of that before anything really starts churning. Meanwhile, slow and steady Ethereum will have tons of new and cool things working with it's system.

So it seems impractical for people to "psychologically leave ethereum", when there is nothing to leave for. When EOS is finally released, it will be an amazing shiny new thing- and the average user won't be able to do anything with yet.

And all of this assumes the "Best Possible Scenario". No hiccups/hangups or problems with EOS. If there ends up being some unforeseen bug or flaw in the design, then things could get a lot worse. Just my crazy 2 cents, but I'll be staying far away from EOS for the time being...

Disclaimer:
I don't have any ownership in Ethereum or EOS. I was simply using Ethereum as the example provided. Could just as well been any other Smart Contract currency.
Title: Re: EOS Price
Post by: Method-X on July 04, 2017, 08:59:17 pm
On another note, the price of BTS should remain pretty high since EOS is getting so much hype and will be based on graphene. Any innovation EOS makes can be easily added to BTS. I think the market will take that into account going forward. I'd wait for the current price of BTS to make its correction and possibly go long on it.