I have written a bunch of different things about EpicDice previously and most people should know that I really believe that EpicDice and other gambling dApps are good for Steem in general.
However, I have also "pitched" EPC (the official token of EpicDice), as an investment a couple of times, and that is honestly speaking not accurate, as a token you're able to earn through gambling can not and should not be seen as an investment. You don't invest when you are placing bets...
- You gamble.
Both investments and gambling involves risks, but they are two separate things and should not be mistaken for being the same thing. I know they aren't the same thing, but I often speak as if they were, just because it's how I personally see things. It doesn't matter to me if I buy tokens or gamble to get them... I see it as an investment, good or bad, but they are two different things.
With that being said...
I have decided to do a more in-depth analysis of EPC, from an investors perspective. Nothing more and nothing less.
So I basically need two things to do this.
- Steem.
- EPC tokens.
I want to make it as easy as possible to track both the value of my EPC stake and the dividends I earn, so I will use my second account, (
My
So, the first thing I need to do, is to buy EPC tokens. Secondly, I will hold my EPC as they are, without any changes to the stake, and I will let any potential dividends be transferred into my account, without using them for a total of 7 days for starters. I do realize that 7 days is a very short time frame to see real progress, but due to the recent increase in value these recent days, I figured it could give me some insight to see the potential at least. I will continue to keep track of these things to give you an even better, more in-depth analysis further on.
I bought 1 million tokens.
I bought 1 million EPC tokens, and I spent a total of 149.99 Steem. I wanted this to be as easy as possible, tracking numbers and everything, so I decided to go with a total of 1 million tokens and even though I found it a little bit expensive (judging by the numbers we've seen in the last 14 days), I went with the price of 149.99, as it's basically 150 Steem. I could probably have bought 1 million tokens for anything between 110 and 140 Steem if I had waited. I personally think that we can see this increase in EPC value due to the recent dividends, so if those are going down, I think the prices are likely to go down a bit again... But I do believe that EPC will be valued higher than it is today in a near-ish future.
My tokens are worth 130 Steem at the time I'm writing this, according to the highest bid on Steem-engine, so I would basically have lost 20 Steem if I sold my stake now.
The reason for me to do this is because I truly believe that EPC will go up in price, but even if I believe in EPC, I am eager to see the real potential in terms of accurate numbers. And as I can clearly see that EpicDice is very-likely, according to recent numbers, to be far more lucrative than other gambling dApps out there, in terms of dividends, I just had to do this.
That being said, I have another EpicDice-related article coming up shortly (within the next 10-24 hours). That article is not related to this "investment"-post.