Buy the Rumor, Sell the News Has Always Worked Great for Me.
Why would EOS be any different? Every EOS fan boy and girl I see is saying, "EOS to the Moon!" I hear things like, "The Mainnet is launching and that means EOS will rocket".
Yes, the launch of Mainnet is coming in a week. Yes this is very exciting.
Yes EOS is an amazing project.
Yes the projects that will be built on top of EOS will make it a strong competitor to Ethereum.
Yes Dan Larimer is a Crypto Legend.
Yes EOS has a ton of ETH and a larger war chest than any Crypto Mainnet launch in history.
Yes EOS will change crypto.
I Like to Buy the Dips and I Don't Like Buying During Periods of FOMO.
No I would not buy EOS right now.
No EOS is not some anomaly that can defy market trends.
No not all of the buyers are believers, a good amount are speculators.
No EOS is not out of the woods until the Mainnet launch is deemed successful.
No I do not hate EOS.
I Will Buy Once the Dust Settles Post Mainnet.
"Randy the price could rise exponentially after Mainnet launch." I totally understand that logic but in my four years of trading crypto currency not once has, "Buy the Rumor, Sell the News", failed me as a trading tool. When I see that everything is running smooth I will begin to scale my buys and Dollar cost average my way into a position. I personally plan to HODL EOS for a long time. I am not making the mistake I made with Ethereum, Lisk, Dash, NEO and selling my positions.