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RE: Best Time to Buy EOS or Any New Cryptocurrency?
Our problem tends to be thinking we are smarter than other people
Beautifully said Jerry. Too many youtubers telling their viewers to buy this ICO or that ICO without any research whatsoever. Too many people thinking each and every ICO will make them rich....or thinking because they missed the Ethereum ICO, they will "catch up" with EOS.
Another example: I was reading some posts by Steemit authors recommending Synereo just this week. Or putting Synereo in their top 5 list. I asked them a simple question, "Have you tried the Synereo product that just launched?" Every answer I got was "not yet". People do no research, but just think they are smarter than everyone else. They'll be right eventually if they keep guessing!
The same here @financialcritic many people have lost money due to uninformed youtubers or commission junkies promoting ICOs or Rev share HYIP (for commissions) without a comprehensive due dilligence.
I like @jerrybanfield due to his experience and due dilligence before sending in his recommendations..eventhough it is not 100% certain for success. Steem is a place to be. Thanks for your comment
Jerry perhap have great explanation.. i would not enter any ico anymore rather than EOS for now. ICO now seem to bubble. might be good or bad ICO. need more research on that particular event.
Your point is valid, I agree. What of Bitshares? how do you diffreciate which ICO will be better ie EOS and Bitshares and what are your reasons? am bullish on steem
Yeah...and Jerry is honest and open about it. When he dumped Dash and dashed, he admitted it. Love his videos!
I agree @financialcritic you too...infact you say it as it is too. @jerrybanfield is a veteran of crypto and has had his days of loss..hence the experience and honesty is something to cherish which will lead to a good decision. However there is no 100% safe investment. Having said that, I am bullish about steem as I have faith in the crypto and steemit..we all are in a good place and will make it big time. Time to get steem and power up your steem buddies.
Exactly. There are so many Youtubers even authors on Steemit urging people to buy and hodl....forever without substantiating their conviction with logical good reasoning. Just because everybody is jumping on the bandwagon doesn't make it a good investment (ie. think great fool theory).
Just because some gurus copied and pasted a price chart on a post in Steemit doesn't make Steem a good investment.
In every market, somebody is losing and somebody is winning from the financial perspective. If everybody is winning, then who's actually losing? "Free" money sounds like an extremely tempting proposition, but logically, it simply cannot work.
@financialcritic
I bought it yesterday at $4.75 when I created an article, then drop to $3.13 after a day.
https://steemit.com/eos/@yehey/blockmedia-com-report-new-token-on-the-block-eos-price-at-usd3-13
I'm also watching EOS, more supply is coming out and we just hope the demand is high as well to see a good returns. Maybe after 2-3 years?
Care to share your thought?
Follow me @Yehey,
Thank you.
The price might do well as soon as the 1 year ICO period is over. Or may take 2-3 years like you say. Either way, I have a hard time believing price will hold up while the ICO period is still going on.
There's one fundamental factor people are missing.
It's how profitable the system could be.
It does not matter if a system gets established to get rid of the central banks, it's the deployment that matters.
Key to anything is the execution of an idea, cause anyone could have great ideas. For the price to hold, I think 80% of all the amount invested to date has to come (I think it already is) from venture capitals, organizations, companies - not from the market. The market is only speculating at this point because there hasn't been any applications in their lives, not to mention not being able to add more to it (Which again, is what we wanna see happen).
Always remember, monetizing an idea does not happen in the beginning, it happens after execution. That's how riches are made.
I made an article recently that's quite related to what we are talking about, re: ICOs. Check it out when you get the time.
https://steemit.com/cryptocurrency/@stjohngo/power-in-concept
Well @financialcritic, we are not recommending any new ICO, however Steemit might be under attack from a new decentralized social media platform similar to Steemit. tell us what you think > > https://steemit.com/steemit/@blockrush/is-wildspark-the-steemit-killer-blockrush
I'm somewhat familiar with "Wildspark". Wildspark is Synereo's product. Just my humble opinion, it's a piece of over-hyped junk. I held Amps (synereo's coin) for a while and was waiting for this launch. Took forever, was over hyped, and it sucks. Maybe they have future releases that create a viable product, but right now...it's junk.
Guilty as Charged.
Although today I've had to talk 2 different relatives out of investing in TBC (TheBillionCoin) they saw some people talking about it and were on the verge of going all-in with their already meagre savings. I went and did the same thing with EOS.
Not saying EOS is on the same level as the ponzi scheme that TBC is but that I did the exact same thing, Got caught up in the hype and failed to do enough research.
hey Aziz
one wife means one cryptocurrency when i buy it ?
Only if you're outside of Utah
Well said @financialcritic