Author Topic: EOS Price  (Read 3884 times)

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Offline Chuckone

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Re: EOS Price
« Reply #15 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.


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Offline JoeyD

Re: EOS Price
« Reply #16 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.

Offline Pheonike

Re: EOS Price
« Reply #17 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.

Offline JoeyD

Re: EOS Price
« Reply #18 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?

Offline lakerta06

Re: EOS Price
« Reply #19 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??

Offline nomoreheroes7

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Re: EOS Price
« Reply #20 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.

Offline ag2

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Re: EOS Price
« Reply #21 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.


Offline CastAway33

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Re: EOS Price
« Reply #22 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.
« Last Edit: July 04, 2017, 04:09:18 am by CastAway33 »

Offline Method-X

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Re: EOS Price
« Reply #23 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.