/biz/ - Business & Finance

I mean it was extremely overpriced for a month now, but you're right that it's strange that this happens so close to mainnet release.

>>9446971
Not really, the retarded pump on this erc20 token towards a 17B marketcap was fucked. Now whoever orchestrated this pump is gonna cash out.

>>9447034
>mainnet release

>uncertain markets never retrace

I have never bought this token and I don't really know that much about it either. Should I buy now when it's dipping?

>>9447034
>but you're right that it's strange that this happens so close to mainnet release.
How fucking new are you? Every PnD dumps before the mainnet release because they know this shittoken is worthless and do it before guillible idiots who actually think mainnet will overtake ETH start to realize the've been fooled.

>>9446971
Parabolic advance line was broken. EOS will retrace further.
>inb4 muh airdrops
The exact same thing happened with ZCL and ETC, all that shit is already priced in and the dumping started way before the airdrops were actually distributed.

>>9447101
I agree with what you are saying but if EOS peaked 33 days before the news that would be a new record. The furthest one I can find on my spreadsheet is ZCL airdrop which peaked 14 days before news. Do you know of any others?

Either we are seeing a new paradigm shift in sell the news or there is another peak coming before June 2.

>>9447177
I really don't give a fuck.

>>9446971
Hi fellow EOS community member

>>9447259
Lol ok thanks for adding to the discussion, maybe some Link shill threads are best for you.

>>9447288
He's right though, I don't care either

whoa whoa whoa, you mean people are selling the news???

>>9447177
this. people are going to want to be in the mainnet snapshot to receive the EOS coin and then the major selloff will ensue.

>>9446971
told you niggers to have your buys at 6 bucks.

I am the newest member of the EOS community, nice to meet you all.

>>9447288
Not really. Holding 600 EOS since $2 and if it goes down the toilet I wouldn't bitch even for one second about it.

Do you honestly believe I'm supposed to start sweating because EOS went under 15k sats?

>>9447338
Welcome, dapps without fees are revolutionary. Glad to have you!

>>9447101
I sadly don't own any EOS, but it's the furthest you can get from a "shittoken". It has hundrets of commits each week and lots of experienced coders on board. Let me say it like that: If EOS is a shittoken, then each token is a shittoken. (I won't deny the later - of course, if google itself were to make a blockchain, there would be stronger talents behind it)

>>9447121
does ZCL and ETC have weekly airdrops that never stop coming?

>>9447100

If you want to buy I'd wait until it starts to bounce, could bleed a while

Use the waiting time to actually learn about it

>>9447370
Cost average in. VCs get so hard for EOS that they must be seeing some live demos that we plebs have no access to. It's likely to skyrocket with no notice like it has in the past.

>>9447034
Nothing strange. Smart money moving out

its a scam coin that launched as a scam ICO and brainlets took the bait. why fuck with EOS when you have NEO and Zilliqa?

>>9446971

It's clearly both Dan and Daddy, they pumped and dumped Bitshares and Steemit like the Wolves of Wallstreet. Expect him to announce his next project and abandon EOS very soon.

>EOS is over taking ETH
>EOS WILL NEVER DIP
>If you aren't in EOS by mainnet you won't make it
>add more biz delusion
rekt

>>9447425
Balls and shaft pattern couldn't be more obvious. 'smart money' aka daytrading impatient scum causing the volatility are about to get fucked.

Should I sell?
This smells so much of the nano Pnd.

>>9446971
Bcash getting screwed, Eos getting screwed.
This is a good day.

>>9447651
It's 19 days before the news. Did NANO dump that early?

>>9447691
Ain't nothing to do with news, just the price pattern

He didn't buy at $20

>>9447366
you realize the airdrops will be worth nothing right? you realize you're being manipulated into holding bags because of "airdrops" right? do you honestly think millions and billions of dollars in market cap will be created out of thin air with all these airdrops?

>>9446971
I told you its a scam the company sells their EOS

>>9448306
The airdrops are replacing the ico model, stay poor

>>9448306
https://coinmarketcap.com/currencies/eosdac/

That isn't worth nothing. The math I did previously put the value at 2.5% of your initial investment at the time of the airdrop. That isn't nothing and the price may be expected to increase in value with time, certainly for tokens that are only dropped in the Genesis snapshot.

I'm afraid the airdrops are going to be like all the BTC forks and the best play is to have always just kept all of them. Tards like me sold Bitcoin Cash at $300 and know it is worth $1400. I'm afraid the airdrops are a similar situation.

>>9448371
I won't be the poor one buddy

>>9448306
BTC forks and eth token airdrops have been extremely profitable.
Think of it as companies paying for attention from investors. The investors in EOS have a LOT more capital than just EOS and their attention and time is extremely valuable. An airdrop to a VC whale gives them an reason to check out your dapp, company, etc.
For example, I would have never known about eosDAC without the airdrop. Now I'm considering investing in it.
airdrops are advertising and there's practically unlimited budget for that.

>>9448306
>do you honestly think millions and billions of dollars in market cap will be created out of thin air with all these airdrops?

uh, yeah actually.

>>9448371
>>9448431
>>9448443
>>9448466
It's your funeral fellas

>>9448528
Oh shit a picture of the eos icon with scam written on it. Fuck brb selling my entire stack

>>9448528
>goes up
it's a scam! their pumping their own token! too late to buy in now it's already mooned
>goes down
it's your funeral! it's dead! the scam is over!
[you are here]
>goes up
shoulda bought the dip

>>9446971
sell your EOS to me please

>>9448724
It's going down to 140k sats or 130k in the worst case. No way I'm buying now

>>9448797
Maybe. Or it might be hitting its bottom now. Either way, the difference won't matter a year or two from now. It's like not buying Bitcoin when it was $500 because it might've gone down to $450.

>>9448833
Meh, I'm in very comfy positions on ADA ICX LINK and NULS. Not feeling like going into something that's gonna keep dumping

>>9448833
Also I'd like to wait for comfirmation before entering. I don't catch falling knifes

nothing is free on EOS. Even if you just hold tokens and never use the platform you pay. Quite a lot actually; 5% annual inflation paid to block producers (which is the whole point of the platform - to make BPs richer. dPOS is absolute trash). Unlike coins like BTC or even ETH (which is speculated to cap supply) EOS will no derive no price appreciation from potential use as a currency/store of value because any EOS holdings are constantly being eroded away by significant inflation.

>>9449017
>5% annual inflation paid to block producers
that's the theoretical max. it will likely be lower. Also EOS tokens will appreciate in real world value because the network will constantly be getting upgrades. You will also be able to rent your tokens out for passive income.

>>9449046
>get into blockchain
>re-introduce inflation

EOS fags even defend this.

>>9449081
EOS is not competing with BTC. It's not intended to be a currency or a store of value. It's a platform, and in order for that platform to be usable, it needs to have a sane economic model. Sorry to break it to you, but user facing fees and deflation != sane economics.

>>9449081
RAM trading will actually get eos close to 0% inflation if not even deflation

>>9448969
What would be confirmation of reversal for you?

>>9449397
Seeing it hold above the 50ma and bounce off it

>>9449397
>>9449471
It just double bottomed at 148k. If this holds I'm buying more.

>>9449492
Actually a triple bottom on 5m candles.

LARIMER'D
>inb4 i bought at 50 cents i don't care

>>9448306
while ethereum will have miners, eos will have dpos from the beginning
i have no idea what im talking about

>>9448371
and eos has what, a billion usd warchest?

>>9448431
unless you fucking use the coins/tokens, hmmmmm

>>9448371
>The airdrops are replacing the ico model
The point of an ico is to get money from investors.
An airdrop is like, a direct opposite.

>>9447355
>dapps without fees are revolutionary
There are fees, they can just optionally be paid by the contract owner.
>>9449046
>EOS tokens will appreciate in real world value because the network will constantly be getting upgrades
The opposite, it's not a stock. You're trying of EOS like it's a stock in a company.

Eos (token) is a way to pay for resources on the eos platform. Which means infinite scalability would give eos a value of ZERO.
The scalability is not infinite, so it's not zero, but close to it.

The way fees are collected is the main problem:
Rather than direct fees, if you own 1% of eos, you can use 1% of resources. If you don't need them, you can sell your quota continuously generated from eos. In effect creating a direct fee model.
Which means as long as demand for resources is below 100%, the price for bandwidth is going to be ~0. Not exactly zero, but very close to it.
It's the exact same fee market behavior from existing coins - as long as blocks are empty, fees are ~0, they only start to rise as the network becomes congested.
If you don't sell your bandwidth at the available price you're taking a loss, because the network is being paid for by inflation - charged from everyone, equally.
So eos (tokens) are only really worth something if the network is congested - meaning that low-fee transactions aren't being processed at all.
The irony is that it destroys the reason for eos - as something that was supposed to 'solve' scalability issues.

There are other fundamental problems with the way eos is constructed. It's clear it was never designed as something sustainable for long.

>>9448371
>The airdrops are replacing the ico model
The point of an ico is to get money from investors.
An airdrop is like, a direct opposite.

>>9447355
>dapps without fees are revolutionary
There are fees, it's just that they can optionally be paid by a contract owner.
>>9449046
>EOS tokens will appreciate in real world value because the network will constantly be getting upgrades
The opposite, it's not a stock. You're thinking of EOS like it's stock in a company.

Eos (token) is a way to pay for resources on the eos platform. Which means infinite scalability would give eos a value of ZERO.
The scalability is not infinite, so it's not zero, but close to it.

The way fees are collected is the main problem:
Rather than direct fees, if you own 1% of eos, you can use 1% of resources. If you don't need them, you can sell your quota continuously generated from eos. In effect creating a direct fee model.
Which means as long as demand for resources is below 100%, the price for bandwidth is going to be ~0. Not exactly zero, but very close to it.
It's the exact same fee market behavior from existing coins - as long as blocks are empty, fees are ~0, they only start to rise as the network becomes congested.
If you don't sell your bandwidth at the available price you're taking a loss, because the network is being paid for by inflation - charged from everyone, equally.
So eos (tokens) are only really worth something if the network is congested - meaning that low-fee transactions aren't being processed at all.
The irony is that it destroys the reason for eos - as something that was supposed to 'solve' scalability issues.

There are other fundamental problems with the way eos is constructed. It's clear it was never designed as something sustainable for long.

>>9446971
https://www.youtube.com/watch?v=iHn15fioMx0&t=1s

>>9451285
Look at EOSDAC, by keeping 20% of the total supply the team has roughly 30 million in EOSDAC, It is a viable fundraising method

>>9451523
Um... it's not a fundraising method.
What EOSDAC is actually doing is buying votes.

>>9447357
lol at this pajeet

>>9451523
Look at this:
https://eosdac.io/tokens/
>Once sufficient funds have been allocated to operational costs, infrastructure growth, community development and contingency funds, eosDAC intends to distribute surplus EOS tokens directly to eosDAC token holders.
They are indirectly buying votes for their block producer by promising to distribute 75% of profits. That's all this is.

>>9451573
In that specific case, yes, your right, but the point remains... what is preventing a group from doing an airdrop on the EOS platform, but keeping some of the supply, people on the platform will decide what it is worth ( if anything) and that is what the group has in $. This also creates awareness/ marketing

It is a viable method

>>9451666
>This also creates awareness/ marketing
Marketing is not fundraising.

>>9447357
>EOS desperate to race into market yesterday
>slapdash code
>critical vulnerability discovered
that was the only one, i swear biz. has nothing to do with their shit dev process

>>9451700
It reduces the need for fundraising

>>9451636
So it's a dividend. Great. Now that we're done arguing about semantics, can we get some real FUD?

>>9452387
the bitfinex/china cartel will control over 2/3rd of the block producers by voting with customer funds and buying votes

>>9447034
>he thinks an eos mainnet will ever exist

*laughs at you in haskel*

>>9446971
Daddy Dan is cashing out. He and Brock will be living on a private island with a 1000 sex slaves harem for the rest of their lives while you’re holding bags. You got played by people smarter than you

>>9448528
>It's your funeral fellas

oh I'm so fucking afraid. Jeezus fucking christe IDIOTS think you can use this bullshit on anyone you want?

>>9447034
>I mean it was extremely overpriced for a month now

Can anyone explain the this un-fucking-believably retarded meme? The "EOS was over valued meme"

By itself maybe this would make a shred of sense but the second you zoom you out for even a moment you see Bitcoin 8500, litecoin was worth as much as 300 bucks at one point. Both of which are utterly worthless because they cant be used as a storage of value OR money!! 1mb blocksize everyone! But the price of these coins is JUST FUCKING FINE AND DANDY.

FUCKING MONA COIN WAS WORTH MORE THAN EOS IS RIGHT NOW AT ONE POINT!!!!
ITS THE CAT CAT DOGE COIN!!!

NEO was worth almost 200-300 at one point and nobody said anything about that coin being over valued. Even though it cant do do shit.

ETH? Clearly a coin of champions that cant fucking handle ONE DAPP.
> 800 USD? SOunds like a great deal!

EOS on the other hand is a dapps platform with scaling solutions and has insane vision on its core design and was setup to provided hundreds if not thousands of airdrops on top of its superior market changing technology.

> EOS is over valued 20 USD. Lite coin deserves to be 300 dollars because reasons!

What the fuck planet do you fucking morons live on? I cannot find fucking words to fully describe the obvious transparency of this stupidity. I haven't seen a fucking double standard this large EVER in the crypto space.

How the fuck is obvious bullshit even allowed to fly at all ANYWHERE? Reddit is a cesspool and I see this bullshit meme constantly. It drives me fucking insane! EOS is over valued but obviously Dash should be worth thirteen hundred fucking dollars.

GET FUCKED!!!!!! KYS!!!! EAT FUCKING BLEACH!!!!!

ah I feel better now thanks.

>>9452929
>What the fuck planet do you fucking morons live on
>GET FUCKED!!!!!! KYS!!!! EAT FUCKING BLEACH!!!!!
Stage 2: Anger

>>9452929
> sperging this hard
Just friendly advice, when you start getting attached to your investments, it's probably a very bad sign. I don't know much about EOS, but this kind of reaction is definitely not healthy.

Brock the gay pedophile is dumping his bags before he moves to Thailand to be with good underage lady boy lovers

>>9452929
Niiceee

>>9451285
>So eos (tokens) are only really worth something if the network is congested

This doesn't make any sense because we constantly view coins that cannot do anything at all as a speculative asset by default. What you did in this argument is you are pretending that all of a sudden a coin with actual functionality would suddenly not be treated just like every other coin.

When in reality even fucking doge coin has value. Not only that but EOS holders get airdrops which makes it one of the most lucrative coins on the market period anyway.

> JOHN OLIVER SAID ITS OVER VALUED!!!

>>9453034
This is how manires born.

>>9447177
Gvt, Ven, off the top of my head, this happens all the time

>>9452929
relax bud, it's just meme coins

>>9447351
Yes, because you ignored the opportunity to massively increase your bags. I’d be sweating at my poor judgement more than the actual token price

The day is almost here...we all feel it...

>>9453034
I get pissed when I see insanely obvious bullshit. I would be saying this shit even if I wasn't invested. claiming any coin is over valued at 20 USD when 99% of all coins on the market are complete garbage AND over 20 USD is fucking infuriating.

>>9452929
>using usd instead of marketcap
Glad to be here for your first day in crypto, fren

>>9453173
Oh was I supposed to use SAT value? So sorry I insulted your shitcoin. Go cry me a lightning network then we can talk.

>>9453198
Ok you must be larping. Almost had me there anon

>>9447177

i think its this. People are wising up in the space a bit, so the pump gets pushed further and further back. I am upset I didnt dump then because I was greedy, but its a chance to learn and not make the mistake with future mainnets for vechain and zilliqa. Will sell on the first massive green dildos within 6 weeks of mainnets.

>>9453238
Oh by the way, I feel pretty much the same way about the lightning network ICO coin as I do about claiming ANY coin is over valued at 20 USD.

>>9453198
You should sell EOS and buy Tron. It’s only 7 cents. Could 1000x easy at that price.

>>9446971
1d chart EOS. Analysis suggests 2 possibilities:

1.) Death and carnage, rose too quickly, will plummet or die slowly and painfully.

2.) This is the most slow learnin' cup-and-handle I've ever seen. As if a 4 year old drew it. Will spike again and continue unsustainable growth.

3.) Dan pulling the long con, selling at the top, flooding it, then buying back in cheaper, more sustainable growth ahead.

What does /biz/ think?

>>9446971

block.one has a billion dollars to fund dapps that will skip ico and just airdrop. You will get vetted, VC fund backed airdrops by a company that just poached the CEO of the top australian bank to be its COO.

Yea I wish I sold and rebought, but this thing will be a monster. Dan Larimer is the only person, THE ONLY PERSON to create multiple successful crypto projects no to mention the most transacted ones too.

Billions of dollars are being put behind this and they know more than all of us.

>>9453290
It would be objectively silly to not hold until main net. But yeah probably.

>>9453306
That was the CFO anon, and EOS has already succeeded

>>9446971
either bounces here or bleeds to 13k

>>9453304
4. ) Market manipulation may cause an opportunity for Bitcoin to wash trade off of EOS sending Bitcoin to above 10k and EOS to 30 USD. This would probably rise the entire market.

5. ) We finally figure out that adoption of a coin doesn't raise the price as much as artificial pump and dumps and EOS stays around the same price for a long time.

>>9453290
Since 3 month high set after the late April bullrun, we've witnessed a typical sequence... since that high, peak-to-trough times have been 7hrs, 61hrs, and 169hrs. Trough-to-peak in that same time frame we've seen times of 2hrs, 9hrs, and 34 hrs. I calculated percent of expansion, and the next trough's very bottom should be on 5/22 at 2:00pm. At that entry point, the ride to next peak should be 3ish days after. Until 5/22 it's gonna be slow and steady march to bottom...

>>9453413
I actually like the sound of #5. If EOS would become less manic and stand on it's own merits I'd happily use it as steady shelter from daddy's tantrums

>>9453304
I think it is just greedy whales (or Dan) and they got a huge first pump a month early, sold it down, buy the bottom and do it all again before mainnet.

We shouldn't forget that EOS moved 220k ETH to Bitfinex on May 7.

https://twitter.com/abercrombiezie/status/993524947061370880?s=21

The price never went up from that, so we must assume that Dan hasn't unleashed that hell yet.

>inb4 tards tell me what the daily volume is and don't understand the effect of one-way influxes of huge money instead of back and forth trading

$154 million dollars can push the price of EOS anywhere he wants it to.

Me going buy some when it hit 11k

>>9453306
>Dan Larimer is the only person, THE ONLY PERSON to create multiple successful crypto projects

lol. pic related made the #3 and #8 ranked crypto projects

>>9453443
Interesting. My models of previous pump data for other coins predicts a peak on May 24.

>>9453306
>>9453562
>>9453562
also pic related made the #1 and #4 ranked cryptos, kek

>>9448833
This, I remember rushing to drive home because I was freaking out after learning ETH might drop from $20 to $17, lmao.

>>9453198
hahahah holy fuck you are dumb

> EOS is over valued 20 USD. Lite coin deserves to be 300 dollars because reasons!
do you realise that you should be looking at market cap instead of the price of the individual token. right now eos is almost valued more than neo and litecoin combined. doesnt matter if the price of a single litecoin is 130

i feel dumb explaining such a simple concept in simple terms

This will pump prior to main net as faggots get in to be part of the Genesis snap shot.

Fud is coming because people want cheap coins prior to this event. This coincides with the whole market tanking temporarily so a decrease is expected after massive pump.

tl;dr if you sell you are a massive pussy faggot, civilian with spaghetti hands.

>>9453564
Neat, we're very much in the same ballpark. I always get worried when I'm the only one who thinks a certain way... we're only a day apart on peak predictions, what's your take on entry point? I dont care about sats, just time frame.

>>9453632
>do you realise that you should be looking at market cap instead of the price of the individual token.

I used Bitcoin as the first example which is a completely useless garbage coin lightning network ICO out dated proof of concept with a far higher market cap than anything. Same for ETH.

> doesn't matter if the price of a single litecoin is 130

Both matter

At 12.51. Bah god they killed it.

>>9453874
>killed it
its still up over 3x from a month ago, far from dead

>>9453748
I don't have a good date for entry point, the whales are moving pump starts back more and more with time. With hindsight, we can see he best time to get in EOS was in April, the best time to get in now is anyone's guess, wherever the whales make the bottom. I do think it is near bottom now.

>>9448431
Your premise and conclusion are false, my oats-loving brother. I don't think BCH is going to ever see $3000 again, and that's what I sold mine at.

>>9454611
Sorry, I don't mean to confuse anyone: $3000 CAD. Not sure what that works out to in USD off hand, but it's more than $2000.

You fucking sheep!

EOS, #1 by EOY 2019