Poll: What is the best strategy for contributing to EOS Token Sale?
Hello everyone,
There has been a lot of discussion regarding the EOS token sale and game theory. It is time we take a poll to see what everyone thinks. This information will obviously create a feedback loop and may change your strategy or maybe suggest you rethink your assumptions.
Comment below with your opinions!
It would be nice if I could create polls directly on steemit!
Invest in Bitshares. EOS ICO will be a year long, BTS might make you millions in that time frame due to the upcoming Billion Dollar Challenge (see @stan's blog) - the goal is to make Bitshares a TRILLION dollar decentralized company.
Then, take your earnings, borrow against you acct balance and invest in EOS on the secondary market. You might buy the shares at a more expensive price, however you will be able to buy a whole lot more of them.
I'm trying this right now with HERO. It is very, very interesting. If the liquidity Stan is hoping for comes into the DEX buying BTS now could be a huge wealth creator.
The idea is to get people to buy BTS to back HERO correct? What is the underlying goal? Just to bring up the value of the BitShares chain by funnelling wealth to it? What happens when the desired value is reached? People receive BTS? BitUSD? Do they essentially cash out and dump?
First i've heard of HERO. Trying to figure out what the underlying goal is in the long term.
Is there a post that goes into more detail?
The goal is to bootstrap HERO into a mainstream currency. For those with a high risk tolerance, this means buying BTS and using it as collateral to issue HERO into existence. Those with a low risk tolerance, can simply acquire HERO to use it as a 5% APR savings account.
Contribute multiple times during a day. It seems to be the best option. And also multiple times during the year. If you go all-in you must know that the markets are ruthless and EOS should be considered as a long haul investment.
You have the most influence by contributing in the morning. Best strategy is just decide how much you want to invest and contribute a percentage each day. Don't worry about gaming, it will average out. I did the AGS funding for months and tried it all. Just contribute a fixed amount over a period of time and don't worry too much.
I can't see how multiple times during a day could possibly be better than either all at the beginning or all and the end.
Neither do I, believe me.
I would like to see EOS tokens available for sale on the Bitshares DEX, but unfortunately, the DEX isn't really able to do the distribution properly since each day the value will be determined by the volume commited.
C.
I think that "believers" should contribute as early in the day as possible, lots of people will underestimate the true value of eos and will not participate if the "believers" flock on early.
Assuming a multi-day auction, and assuming that there is an intention to purchase say X amount of the good that is auctioned (whatever that is) ... I would contribute once per day, same amount of X/N, over a long period of N days.
As the pattern is easily spotted, I would also signal it by announcing my intention.
What I'm not sure about is whether to commit to the signal or not. There might be some reasonable circumstances where I should not commit - e.g., where it is clear that the secondary market is cheaper.
Watch the whole hype, the disappointment dump (impatience), buy after it.
This strategy's advantage is that you learn a lot about the project meanwhile. And if you think it's future proof, put your faith in, and buy when there's blood in the streets. Otherwise move your focus to the next interesting project.
As long as you're confident there will be blood in the streets. :)
Yes, the only question is what a project will be capable of right until the sale or the start of its open trade. It should be enough to keep the price at a point at least. But in this industry that is very hard.
I think at the end of the day. It means there is no feeding frenzy and if you are in that day you are in
I already have my buy order on BTS, if you could just fill that it would make things a lot easier :)
EOS is going to be huge...going to change the game. Looking forward to it. Thanks for the great info!
I like what agoras has been doing. There are periodical openings allowing speculation to ease out. the price is also more stable and everyone that is interested can get in. I think it has been going for over a year now, on and off.