Many investors believe that EOS will be a gamebreaking technology, but is the $61 million dollar buy pool too high?
The EOS ICO has put together over 61 million dollars worth of ETH with several days still available for more funds to pour in. Here's why I think that the $61 million dollar buy in window is oversaturated.
1.) 61 million divided between 200 million EOS is approximately $0.30/EOS. I don't think that EOS will consistently trade above above $0.30 for the next year. My very limited funds I think will be much better served on the Bitfinex exchange on July 1st. Yes July first I hope to catch some investors with fresh crap in their pants who have lost tons on ETH / EOS in a short two weeks... and purchase their expensive yet undeveloped ERC20 tokens for much less.
2.) The sale was setup to be extremely "fair" in the context of transparency. However alot of people have allowed their FOMO to drive their decisions, and some of these people might have limited understanding of the distribution mechanics and/or the nature of the technology. It's FAIR but its gone into the tulip craze zone. Since you can see right into the Fund pool - why make an irrational decision to buy-in at inflated value?
3.) The rewards pool could continue to grow, driving the price up and nullifying the potential to get a high performing trade.
4.) You're not going to miss out! The Bitfinex exchange will be trading EOS July 1st, and there's a 23 hour window of EOS selling goodness every 24 hours for the next year. Anything that scares investors at this point is going to be a major boon to the little investors like me.
Feel free to take a look at the ICO wallet address on the blockchain https://etherscan.io/address/0xd0a6e6c54dbc68db5db3a091b171a77407ff7ccf
The post that closely represents how I feel is by right here : https://steemit.com/eos/@lukestokes/say-no-to-fomo-eos-ico-a-call-to-rationality
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