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RE: The EOS ICO for Dummies!

in #eos7 years ago

I think there will be huge flow during first 5 days looking at the current ICO bonanza. immediately after 5 days there will be buyers in exchanges who cant use metamask. so that can even move the price further up. after that frenzy the minting in the following days will be like an "inflation" to EOS, keeping the price in exchanges not appreciate much. or it may even go down.. thats when I want to hit. but in the long run yes people will realize this is eth disruptor and market will be bullish. also, 1 year is a long term. maybe we will see some ICOs failing, some projects going south, even the global economy going south. We might even realize ico bubble burst in 1 year.

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Because we do not know the future, I think it makes sense to also buy some in the 1st 5-day window. If this goes up like a rocket, at least you're in with something.

Could be yes. Maybe wait until last hours of 5 day window. If the valuation is ridiculous, opt out. If the valuation is reasonable, think more bullish.

Eaxctly my thoughts. It will be busy at the end of the 1st window.

I wonder if ether gas could get competitive at this time frame possibly delaying or dropping transactions the do not pay excessive gas?

thats a good probability but since it is distributed across a year we may see less of congestion

Good strategy. I think it definitely makes sense to dollar cost average your purchasing in to the ICO to take advantage of any dips and potential bursting of the current ICO mania. Definitely long term bullish though!