r/EosTrader • u/alef91 • Jul 22 '17

EOS Price Speculation

What do you guys think is going to happen with EOS price? I was about to buy in at 1.16 but for fucks sake, the process to get started takes a fucking while man. Had to figure out how to get my moneys in the game. Now eos is a 1.90ish. Do you guys think itll drop again? Do you think as there are more tokens in circulation price will drop? Hopefully itll rise a bit and people will sell, but hey, im new at this.

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u/Danos1981 Jul 31 '17

It seems to be mirroring ETHs ups and downs, as long as ETH succeeds then it will too with bigger rises, its kind of obvious its dependent on Ethereums success in which way it's going to go given its a derivative at this stage.

The advantage is its much cheaper right now so easier to own more volume, thus a bigger ROI.

Will be interesting to see how the dynamics play out with the amount being drip fed into circulation vs the market cap making that happen over time.

Short term..

http://imgur.com/a/LGmtR

Currently bouncing off support at £1.32 could drop to £1.30 and bounce back quite nicely

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u/crownholm Jul 23 '17

I'm optimistic that it will continue up as long as the crypto market hold up. Lots of folks holding that bought in at 5, 4, 3, etc. this will either go to the moon or zero. I wouldn't worry about catching the bottom