Best Time to Buy EOS or Any New Cryptocurrency?
When to invest in EOS or IOTA or any ICO? Let's look at the story of Steem and Zcash for guidance. More than a year after release, Steem is a proven investment with low risk and high reward today because of the odds of a price increase and the ability to participate on Steemit which has hundreds of thousands of users and makes thousands in payments to authors every day.
When was the best time to buy into Steem? A year ago Steem had potential but no proven results. Today buying Steem is much safer especially for the casual buyer because the odds of a reward just from holding Steem are higher and the risks of a price drop are lower given the data presented later. For the enthusiastic all in buyer, investing steadily over the last year would have been ideal and also would leave little time or energy to invest in anything else! It also might have been tempting during the down times to sell out and jump in with something else only to miss out on the biggest opportunities for growth!
How did Zcash perform after a huge initial release the first year? Zcash came out with a huge initial price spike followed by an epic drop from $4239 for 1 Zcash to as low as under $30 within a year. What a wild ride that would not be fun if the only goal was to make money!
How are Steem and Zcash a mirror for EOS, IOTA, and most any initial coin offering? What journey can a buyer of EOS or IOTA expected based on what those buying Steem and Zcash faced during the first year? Would we take a look together either by continuing to read or watching the video below because it might save us a lot of time and money?
Located in the USA? EOS does not make the tokens available for sale to buyers in the United States because of the following legal terms listed at https://eos.io/faq.html.
"17. Why can’t U.S. citizens, residents or entities purchase EOS Tokens? It was decided that U.S. citizens, residents and entities should be excluded from purchasing EOS Tokens in the token distribution because of some of the logistical challenges associated with differing regulations in the many states of the United States of America. block.one does not believe that the distribution of EOS Tokens or the EOS Tokens themselves are securities, commodities, swaps on either securities or commodities, or similar financial instruments. The EOS Tokens are not designed for investment or speculative purposes and should not be considered as a type of investment. Nevertheless, U.S. citizens, residents and entities should not purchase or attempt to purchase EOS Tokens."
Seeing that EOS was not available in the USA unless I bought on Bitfinex or another exchange made deciding not to invest in EOS simple for me and motivated further research into why I already have been avoiding buying into new cryptocurrency ICOs?
First, will we look at risk because famous investor Warren Buffett's number one rule of investing is "Never lose money"? Does buying into an ICO or a cryptocurrency at least one year after release provide a much lower risk? Yes because with over a year of data on a proven currency, we can easily look back to get an idea of whether the price today is low, high, or about right. When a new digital currency is launched, we have no reference point to see how low the price was when no one wanted to buy and how high it got when the excitement was maximum. Clearly buying in during the initial coin offering is a huge risk because how can we determine if the value is accurate on a cryptocurrency that just launched?
Second, will we look at a comparison with investing in startups because initial coin offerings are a very close comparison to angel investing or venture capital investments in a new startup company? When funding startups with capital, the loss rate is huge with investors expecting to make a profit on small percentage of total investments which hopefully will cover losses. Venture capital firms often are lucky to pick 1 out of 4 winners with 75% companies they invest in not even providing the initial investment back and only maybe 1 out of 200 being a really high return. With initial coin offerings, the rate of success is likely to be similar because like a startup company just beginning to get to work, there is a lot of hope and promise of changing the world with few proven results. In talking to most people, it is easy to see how almost everyone has amazing ideas that change the world while very few of those ideas are actually executed with most failing fast.
Third, will we review the data for our own community here in Steem because the trajectory for EOS is likely to be the same? Here is the first month or so of the price of Steem a year ago now. Naturally if we have just bought Steem the entire time from release until launch and participated in the community the whole way, we might have a fortune by now. If we are so excited about a new cryptocurrency we are ready to commit everything to it right away, then yes buying some to begin with and every day going forward might make sense. However, is this honestly the approach we are looking to take on most ICOs or are we really hoping to use them to make money?
If we were hoping just to make some money on the Steem ICO we might have bought in within the first day or so of release according to CoinMarketCap.com at around $0.89. Over the next month we might have been a bit disappointed at the price consistently dropping and landing at around $0.20 which would have been about a 75% loss depending on exactly when buying and then selling. Many investors at this point would have sold and considered it a loss because we are programmed to buy high when everyone is excited and sell low when fear takes over. What happened next?
Who would have believed then in July 2016 the Steem price would take off to as much as $4 for one Steem? If we had bought in at the very first opportunity and sold at the height of excitement, we might have make 4x our money if we were just purely looking to use Steem to get a return on investment and if we had made it through the price drop of the month before. At the same time, why sell at 4x when it might go to 10x or 20x or 100x? How many of us really would have sold at $4 after seeing the price go up so fast? Wouldn't we have held on for even greater profits?
After hitting $4, the Steem price still a year later has not returned to $4. Now how much fun does it sound to invest in an ICO where the price of Steem today has been a roller coaster since it was first available? If we signed up FOR THE RIDE, we would have had a blast! Here is a review of the Steem ride. At launch the price was close to $1 and over a year later now up about 50% with the high never more than 4 times the initial investment and the low down as much as 90%! That's a ride we might get sick on if signing up just for a nice profit! If we bought in when the hype was the greatest at over $2, our investment still would not even be in the positive yet a year later and would have at one point been nearly a total loss.
The point is that now Steem is an outstanding investment because it has proven itself in good times and bad. Now the risk is much lower to buy some Steem today because we can see that today with the price being $1.80 it is probably a good buy given that it was over $4 at one point, albeit with a lot less Steem available, and with a year of growth since the highest price the true value is likely much higher than ever before. While the price could go down some or even a lot as a part of a bigger market catastrophe, we know here that we have real value because of how much we have contributed in posts and relationships which are visible to everyone. Steem is no longer a startup but rather a self-sustaining business. Most startups never make it to this phase which is why self-sustaining businesses tend to draw the greatest investments.
After considering Steem, how about EOS? So far EOS according to their website has only released about 20% of the supply they are planning to within the next year. That means for every one EOS token available today there will be 4 more given out within the next year which is likely to mean a big price decline. Within the first month of release might be the very worst time to buy in especially on an exchange which is how the prices are determined and where likely a relatively small amount of EOS is available relative to the total. The actual price most have paid for EOS is likely a fraction of what the exchanges say meaning the market cap is almost completely imaginary without actual figures of ETH received by EOS.
What makes buying in worse is that how much given to the buyer each day is relative to how much ETH is sent in. Some days a lot of Ethereum being sent in might mean buying at above market price while on a few days of low demand a great deal might be possible. If we are set on buying EOS, buying in every day is likely to produce the best result because the distributions are based on demand and low demand days make great payouts. The problem is that every day more tokens are given out likely means more sellers trying to cash out on exchanges. Buying on exchange now is almost certain to end up in a loss as the greater profits made initially the more users will try to put more for sale which will drive the price down as the initial euphoria of release wears off and gives way to being one of 500+ cryptocurrencies which needs a lot of contributions to be meaningful.
On top of these existing issues, if the Ethereum price takes a dive, it also will be cheaper to buy more ETH and change it to EOS. Naturally the opposite is true if it goes up although this is likely to be balanced by how much ETH is sent each day to the initial distribution. While today it seems like the safest and smartest option to wait until EOS has delivered proven value to hundreds of thousands of users over the next year, what about other initial coin offerings?
When we review the Zcash ICO, this will get even better!
Yes the number is displaying correctly on the chart above! The initial price for 1 Zcash was $4239 at release with speculative markets pricing at over 2,000 in BTC for 1 Zcash or ZEC. The ZEC market cap at the time was over 1 billion dollars which is more than double what it is today despite many more Zcash available. All of the hype over how amazing EOS is reminds me of the same with Zcash which was supposed to be replacing Bitcoin a year ago. On July 4, 2017 the price for that same exact Zcash less than a year later is $295 even after a recent huge growth in price. At the lowest, ZEC went below $30 just a few months ago. Again, buying in at the beginning would have resulted within a year in a nearly total loss. A year after release Zcash is number 12 on the market capitalization charts and seems unlikely to compete with Ethereum or replace Bitcoin in the foreseeable future. That said, Zcash is in a great position to continue making a meaningful contribution to our financial revolution online going forward and we are grateful it exists!
Our problem tends to be thinking we are smarter than other people. We think we invest better than others. We think we make better love than others. We think we are better bosses and employees than others. We think we lead better lives than others. The truth is that we are all so similar we are practically clones of each other with a few basic different models having small differences similar to Battlestar Galactica. We are all so much smarter than each other we predictably get lured into the same traps over and over again only to be complaining to our same friends over and over again about how the same thing happened to us again and we cannot believe we forgot and it will never happen again.
Initial Coin Offerings are usually a trap like Leia tried to warn Luke Skywalker about in The Empire Strikes back which despite being the second star wars movie released is Episode V. Like Luke, we might lose our right hand financially as the dark lord of the currency reveals himself to be our father. While some humor is attempted here, the message is clear. It is better to wait and let every new cryptocurrency prove itself before making a significant investment.
What about having an ICO like EOS as part of a sexy term like diversified portfolio? One author yesterday explained that not having a diversified portfolio was insane because we could lose everything if that one investment falls through. While this is certainly true, maybe just having one partner and one job is insane also because if we get fired or our partner leaves us, we lose everything for the moment. Then in the next moment we have the opportunity to begin fresh with a new job, partner, or investment.
What experience do I have with buying in early?
I bought into Steem as part of a diversified portfolio on Poloniex for about 0.1 BTC which was around $100 at the top of the hype along with 20 or 30 other altcoins. Over the next several months while many of my altcoin investments went up, Steem took a big dive. When my 0.1 Bitcoin of Steem became worth 0.01 Bitcoin, I bought another 0.1 BTC of Steem figuring it would have to go back up at some point right? When it kept dropping along with the rest of the altcoin market in December 2016, I sold it all and left thinking "Steem is worthless" because for me it had been the way I used it. I then bet everything on Dash based on a lot of hype from my friend @aarellanes when he was working with @robertgenito after I heard about masternodes and Wall of Coins putting Dash as the second currency on their website after Bitcoin. After contributing a massive amount of hype to Dash, I then sold out 4 months after buying in and now here I am all in on Steem so far 2 months in!
After months of passively trading on Poloniex up until December 2016, I discovered the great joy of actually getting something out of my investment in the form of being a member of a community. Up until then, I had simply thought that the point of investing was to use money to make more money. I completely missed out on the point of investing being to do some good in the world by combining the contribution of money with service in the form of participation. Fortunately for Steem, the Dash community was like a pair of underwear that were too tight for me which cut off circulation to things important for me being able to reproduce. Sure it would keep me warm but at what cost?
When I invested in Steem, it was a fairly safe investment because with a year since the initial release, it was easy to see the value of the existing community and to make an assessment of the true price of Steem relative to the actual price. I calculated Steem was undervalued as much as 10 times relative to other currencies and that my service within the Steemit community would be valued above most other places I could go.
Investing in Steem posed little risk because after a year of ups and downs, a lot of real improvement took place while the total value of the combined Steem tokens was lower than it had been before. All of the Steem today a year after the initial hype in July 2016 is worth about the same as it was then. Therefore, this makes for a great investment because the true value of Steem is was higher than it was a year ago because of all the participation and improvements.
Being a courageous soldier willing to run up to the front lines and risk everything looks great in movies and is great if we are willing to contribute that much to our cause. Buying into an ICO without completely participating in the investment by making a significant contribution on an ongoing basis is just like going into a casino and throwing some money down and hoping to win. I have done that enough times to hopefully have learned my lesson that I have no business going into a casino unless I am hoping to give them my money. I even invested as much as $1,000 in a presale once and have no plans to do that again either because I only have so much time and energy to contribute.
An ideal investing experience includes the opportunity to exert some influence on the return of the investment which is why I love Steem. Here each of us can personally make a contribution to the ongoing value of our investment by posting, upvoting, commenting, and sharing Steemit with friends and family. When I read Money Master The Game by Tony Robbins, the one key investing strategy I noticed that Warren Buffet and other top investors in the world seem to do is to invest where they personally can make a difference. If we can personally make a difference in an ICO, then by all means invest and get to work!
The reality is most of us have very limited time and energy while trying to prove to the world the opposite is true by showing how much we can do and telling everyone how busy we are. I have time to do a really good job contributing to one cryptocurrency just as I have time to do what I hope is a really good job of contributing to one family with one wife. While it might put me less at risk of losing everything to find a few more cryptocurrencies to invest in and a few more wives to raise families with, the reality is the more diversified I am, the less I do well.
In dating this was very obvious as I could barely keep the names of the girls I dated straight when it got to more than three at once. After an initial euphoria of feeling like I was a god for having two girls over in one night, the uncomfortable reality set in of confusing who said what and trying to keep everyone happen. Fairly quickly all the girls would find a guy that would give them a better answer for "Where is this going?" than answering their question with another question like "Where is what going?"
For cryptocurrencies this took much longer to learn because I did not ask any of them to marry me. Why not trade 50 different currencies? Would I have bought Steem in the beginning if I knew more about it? Probably not because just to hold it on an exchange was an awful idea before the December 2016 change reducing inflation. Today I am grateful I learned enough to be here and to finally settle down into being of service consistently in one place instead of trying to hop each day from one exciting new crypto partner to another the next day.
Thank you very much for reading all the way to the end of this post* which took me two hours to type this morning after I woke up at 5:30 am and felt compelled to write about this to help us avoid both the losses and the fear of missing out! I write these in depth posts because this gives us the best chance to build a deeper relationship and because this format provides the very best opportunity to rank high in Google. Organic search traffic from Google gives this post the chance to reach the most people that need this exact information. More Google visitors to Steemit means more readers for all of us here which means a higher return on our investments in Steem which means more to give back to others.
If you read all the way to the end of this post or scrolled down here to view the comments, would you please upvote this post because that will tell me to keep writing for us here on Steemit each day?
Love,
Jerry Banfield
Hi jerry Thanks for sharing these useful posts , If you have time check out my blog too, (Music producer and Singer and Artist) thank you ! @jerrybanfield
Done!
Thank you Jerry , it's your kindness. :)
That's informative and nice article.
That's why I followed you and upvoted you too.
So please follow me back too and also check out my latest posts also.
JERRY, YOU ARE GOD HERE :) THANKS
I agree with you.
Im here because of him , 1 month ago I saw on youtube how he representing steemit. Thanks ,without him ,I would stillsitting in instagram or facebook for free. Respect
Lol.. same here.. i can't recall the last time I opened facebook and twitter apps on my mobile. Nothing more interesting than having a platform that takes care of its users
but the private chat has to be added too
I agree with you. But am sure with time it will be added
Same here, watched his Youtube and decided to check it out. Too bad we didn't find this many months ago!
yes is the Best Time to Buy EOS
thank you for work
I really liked your post
Very educative.. I've been thinking if I should move all my trading funds to steemit.. This will help me decide.. Thanks again Jerry!
Thanks Jerry for all the good work.. From Nigeria, wish you sound health to continue to be an inspiration to us
Of course Jerry its time to buy EOS project it will be big one day I believe,they already went from 0.60cent way above 6euro on kraken exchange.....I bought hundreds of them at 1euro so it was good buy and I will hold until 100euro at least :D https://steemit.com/upvoteforupvote/@mrmoneymaken/eos-discussion
hii jerry !! niice post !! and good luck for other posts
you have a good subjects and idea
EOS is a bubble, i wouldnt touch it until its back down to $2 a coin, a 300% price increase in 24 hours isnt healthy
On that note, i wish i had gotten into Steem last summer, especially around the time the price was 0.16$ per steem
well, ya live and ya learn
nice work
cryptofood!
Thanks for sharing
I have been eyeballing the eos price for over 24 hours and It seems tempting to get in --''buy now or cry later'' Just another mass hype and a trap for ppl who hop in train too late.
I also think that with the purchase of EOS, it's better to wait a little.
Very useful information. I would like to invest in steem.
Steem is still very much under priced now and has the potential to go much higher , it has just started its bullish trend again now, this is still the best time to invest in steem. Thanks @jerrybanfield for sharing these amazing insights.
goodthank you
nice review great info.
Jerry !
Thank you for your explanation !
I will read it all carefully !
This is exactly what I need to learn right now !
have a nice day
@kam.ila
Thanks to you @JerryBanfield, I am now on SteemIt and getting my friends to join. Threw a little mention about you in my intro post :) All hail the SteemIt King Jerry and love live Steem!
Great post.Eagerly waiting for your post.New info everyday.Please upvote @jerrybanfield
Thanks for good info Jerry. I would buy EOS. I enjoy your posting :)
Nice article!
Congratulations. Upvote and resteem!
I'm making the crypto world friendly and accessible for everybody by explaining acronyms and terms related to cryptocurrency. Here I found:
Please upvote for visibility. If there are any missing terms here you want to be added to the database, please comment, so I'll become better.
I do a lot of work in IoT. Can you explain the IOTA layer a bit more please and the role of blockchain in it? Many thanks
IOTA uses a concept that is called the Tangle instead of a Blockchain. The makes unlimited scalability possible and makes that the more transactions are done the faster the transactions are done. And there are no fees necessairy when using the Tangle. Hope this helps a bit:) If you have more questions on IOTA please let me know and I'll try to provide you with the best answer I can give you
Killing it! I wanna get into EOS when it dips a bit. Thanks for the info Jerry!
Jerry, you actually wrote a post! Coincidence: I just searched YouTube on "Steemit" because I wanted to know how popular it was and the first result was a video from you.
Now after actually reading :)) I think you nailed it by:
This makes sense for you because you have a lot of followers but can you advise what a minnow should do? Should a minnow stick to just one subject until the minnow becomes popular?
Just curious.
great post as always .. thanks
Such an informative post jerry! following it as I always did!
great info I would like to know more about this thanx for sharing
This is one of the simple challenges on steemit, it shows that the author is really out to help the participants, this is fun and I'll definitely join this yacht of fun and reward. Thanks @jerrybanfield for being out to make steemit this fun and friendly.
Yes, steemit is one of the most exciting new crypto currencies around and one that is very useful too. It feels like I understand or use it more than other.
Anther great article @jerrybanfield. I am always amazed at your knowledge and way of giving back and contributing to this amazing platform. And you got up at 530am! :)
The fear of losing out will always be there. My Mom once told me, ''...remember my son, there will always be another sale...'' LOL so true don't you think. :)
Have a good one.
Cheers.
Colin
You're really helping people like me a lot. For someone new to cryptocurrencies this is absolute golden information.
I bought EOS at $1 and now I'm considering to buy more
That is a good move. Doing thesame too.
Not sure if you ready the article all the way through. Jerry is saying the opposite.
Sell it now before you get fleeced later.
Same here, I am planning on investing much more. The reason I beleave in EOs is steemit.com
Give us some price predictions Jerry, please. I'm not selling Steem lower than $2 i have been buying in the $1.30 - $1.50 range on Bittrex and just selling whatever SBD i get.
Steem $10+ in a few months to a year! I am buying more if it drops below a dollar!
Thanks
Jerry, does the SteemPower price change together with Steem price? What do you think about STRATIS? BTW I also live in St Pete ( by Gandy area near the Howard Frankland bridge) I am new to Steemit, I heard it from you:) I plan to introduce and verify my self soon and I hope you can upvote my post when I do to help me grow :)
I certainly hope you are right!
amazing job man!
Just read the entire post, Thanks once again for the work that you do and the valuable contribution you make to the site. Are we in mania phase with all ICO being fully subscribed after the mad gains in what seems to be all cryptos? I can understand people wanting to get in at the start to capitalize on this, but like you say a proven track record over a year before investment is also very wise.
As for me I am still trying to work out what sites to use to buy bitcoin and what wallet to use..any suggestions for a complete newbie in the UK?
Yes I will have a new post about where to get Bitcoin, Ethereum, and Litecoin with USD tomorrow I think!
i can't wait to tap from your wealth of experience in cryptocurrency world having watched many of your videos on YouTube.nice having you here at least the cost is less.lol.thanks Jerry!
Best time was few days ago :)
Wow, long post haha. I will admit I couldn't get through it all, but I got some points.
I agree. The fact that this platform is growing rapidly in user engagement should be a seller on it's own considering how this platform grows the currency by volume.
Also, investing in this platform is a no-brainer. You don't need to be a technical-crypto-genius to realize where price is moving. It's really logic LOL :P
Another benefit is of course the fact that there are guys like you, @JerryBanfield, who are able to give in-depth analysis of the in's and out's of the currency. Good post brother. I also just posted my latest post :)
Keep up the effort and quality!
Thats true @jerrybanfield, I like your content but for a little constructive criticism, your posts and vids are too long to watch the whole thing or read the whole thing. Not sure if anyone else agrees but less is better. Consolidate. Be concise. ..... I do love the content and subjects you talk on. Cut out some of the fluff..... Hope this doesn't hurt your feelings..... I would not want you to go away!
WendyCoin~
PS I'm fairly annoyed at all the Meme's.... the little videos that repeat in the comments.... They are all annoying :-)
Agreed :) Well done for being honest! I also believe sometimes less is more, and I think many people put a lot of fluff in their content. I will also try and use this advice :)
Very nicely done Big Jer. Love how well you're able to articulate on a subject. Impressive as always!
Very nice jerry
I follow your every post
Even on FB & YT
I think :
Steem is the currency which take rally in near future beacuse it is now highly under valued or make low RSI below 30..
After Hf19 the steem platform make tough situations for earning especially for new users . So, the only option left is to buy steem from market, if the new user achieve ranking fast in increase competition the only option left is to buy steem to Rank up .As you know that price fluctuate with supply and demand..in above scenario the demand increases and the price surges
Technical Analysis is key for financial markets predicting
Thanks for the extensive article.
Nice review, interesting to compare the new ICO's with data from other coins in the past. It looks like most of the coins drop in value first after the ICO and go through multiple bubbles after. Interesting in the steem price is that the price dropped lower after the bubble than it was before, all other coins normally end up higher.
Is this because of the high inflation? This makes me very curious what the Steem price will do in future, wether next bubble goes higher. We will see, I am still bullish, because Steemit has become a REAL social media platform with a REAL community!
People live in all sorts of timezones, perhaps you should ask what time central european time, or what time new york time
I hope I never miss an opportunity to upvote you.
@gigafart thank you for so many upvotes because you are doing a lot to keep me focusing on Steemit as #1 each day! Outstanding post about choosing to monetize here instead of YouTube! https://steemit.com/steemit/@gigafart/steemit-vs-youtube-we-re-coming-for-your-creators
Follow , Upvote and resteem
upvote this post then comment your post link which you want should I upvote it
If you not following me you should follow me then do it
https://steemit.com/upvote/@crypto-booster/upvoting-started-followers
Always a great post @jerrybanfield. I love the detail of the post....Damn, steem being worthless:(
Thank you for your review. Its clear you are a caring person who teaches others to grow and prosper. After viewing Jerry's course i have decided to master steemit. I see Jerrys website and he obviously is like me he likes to teach and help people grow. He is able to make a lot of money selling products too besides his courses obviously. Several people wondered why. I also dont make every decision based on Money. Some of us really have a inner calling to help our world out of the job rut way of life and create and be successful as entrepreneurs. Our educational systems are committed to funneling people into jobs. Thanks to you Jerry, and lots of others. we are all capable and successful
currently all the coins r in a volitile situtation, price mostly going up for popular coins without any justifiable condition. seems like big hype is moving around the mkt. as a investor always wait for correction.
Great read as always Jerry, these are life lessons worth Sharing. Resteemed and upvoted.
I myself was very interested in EOS and have carefully analyzed how I should participate and then decided to step back a bit and see how it pans out in the next couple of weeks and would then contribute in increments. It will take a year so you can take some time unlike BAT tokens which went on sale within 15 mins.
Thanks for the read. Really enjoyed it.
Same here. Going to wait for the feeding frenzy to die out. Plenty of food for everyone in this ICO.
This is a great post, I learned a lot. Thanks for sharing and keep on posting ;)
please me followw and vote
I bought a bit of EOS at $0.83 the day after it came out best thing to do is hold on for now.
Perhaps hold on for at least 1-3 years. Ethereum was not booming either in the first period.
More grease to your elbow. @jerrybanfield your posts always earn my upvotes because you always take time to bring us the new-new and quality content with great insights. Thanks J!
Jerry you never fail to put together great and informative posts. You earn your steem my friend. Keep on steemin on...
Peace,
The Last Sage
good work and great info. Made me very interested in eos!!!
Great article, you got me into Steem a few weeks ago!
Great Post!
EOS is getting more interesting already price wise. A few more days and we approach $1. I hope it will all the way down to $0.10, making it interesting again in terms of risk/reward.
I did not know Zcash was priced over $2,000 at one time. You learn something everyday!
Seriously EOS is a great coin. An ETH contender if you ask me. That said STEEM is a better investment if you are a more conservative investor. It's proved itself and has carved its own niche in the Cryptoworld.
Keep writing these articles Jerry! They are full of useful information. I love Buffett's first rule of investing too. I know some people that just HAD to get in on the EOS ICO. They all lived in America. Some had people in other countries add their investment to their order. Other's used VPN's to get in.
I think that most of these ICO's are money grabs . . and the sheer number of them has drove the price of Ethereum up to ridiculous levels. I'm not mad though haha, I still hold Etheruem. But other platforms are starting to do their own ICO's on their platforms. Waves is a good example.
Your analogy of the dating scene is valid. The benefit comes from getting to know THE ONE woman who will be the best partner for you. Cultivate a relationship with her. It becomes just flat out too much to try to juggle multiple relationships. There came a time, for me, where it made sense to start settling down. I've done it with my girlfriend and now with crypto :) Likewise, it gets a bit crazy keeping up with coin after coin after coin . . it is much better to commit and research heavily, get actively involved in the coins community, etc . .
I cut down the number of large investments in crypto. I won't "marry" these coins or get emotionally attached to them. The only ones I have committed to are XBY, Stratis, and of course Steemit. I'm only actively involved in the Steeemit community. A month ago, I was really involved in XBY, and it was beginning to be too much. I decided that this platform was much better suited to my needs.
In a very real sense, it IS like gambling. Some of the ICO's aren't solving a problem. They are just capitalizing on investors to fund their projects. Some are solid, absolutely. But many times, investors just end up dumping the coins on the market once it's listed.
For example, SNT. I bought some SNT the same day it was listed on Bittrex. It was a mistake I won't do again. I bought at 2900 sats . . . who sold it to me? One of the investors in the ICO who was holding the coin. Since then, the price cam all the way down to under 2000 sats . . and is now finally having a breakout day.
This is a great post and has got me to think critically about a few things . . which is WHY I love this platform so much.
Thanks so much I have a better understanding now!
You're right sir @jerrybanefield Steem is safer especially for the casual buyer because the odds of a reward just from holding Steem are higher and the risks of a price drop are lower.
Thank you for posting
Steem on
Wow, What a high quality content @jerrybanfield. This is what we want to read on Steemit. Upvoted and resteemed!
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!
hey Aziz
one wife means one cryptocurrency when i buy it ?
Only if you're outside of Utah
Well said @financialcritic
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.
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
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.
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
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.
Wow that was one hell if a detailed information good wofk keep it up jerry
Very educative.. Thanks again Jerry! I am about to buy EOS token today before i read the post.
As for investing I totally agree, people shouldn't pull the trigger just yet on a coin like EOS, but as for trading the coin is a dream right now because of it's volatility. Also I remember when ZEC came on Poloniex as well and it was bloody 3200 BTC for one haha. Love your articles man, they are full of lessons to be learned in this crypto space. Always nice to see how an investor thinks because I am mainly a trader, I really need to look at what long terms would be good I am thinking both Steem and LBRY for now, well and of course Bitcoin.
Nice in-dept article Jerry. Me myself am not comfortable with all-in investments. I like the way you explained the point of view of an all in investor. You must really believe in steem to be invested as much as you are.
Thumbs up good work,upvoted.Meanwhile i would like to know your thougts on alcoins. I think its number 210 or so on coin marketcap
Very nice ideas in your article, Jerry. You seem to me that you are the spirit of the Steem, helping the Steem become the best crypto among others.
Thanks a lot Jerry, really well put together information here. Hindsight is tough for traders, but we got to use it to improve our strategy in the future. I'm new to this whole crypto-space as of this year, and it's hard to keep your emotions in check when prices move so aggressively.
Very informative.
Nice post
The ICO hype is getting indeed crazy lately
True that
EOS price is starting to come down. Hopefully, the price continues to lower so that talks about $1billion market caps by July 2018 are somewhat muted again. We just need EOS to be build, not a frenzy with subsequent collapse, taking the savings of many with it.
Upvoted as always :)
I just posted pictures of my holiday in Greece and i think its my best post if any 1 could Resteem and Upvote and that would mean the world :)
Sure!
Thanks jerry your support means a lot even if its 1% :p
güzel son zamanlarda iyice çıldırdı bence.
Great article! I read it and I really like your ideas. However, as I am pretty new at the community and also at the cryptocurrencies' market there are some stuff unclear for me & my question may sound a bit dumb. So, do you mean you hold different coins for the long term, for example now when you think Steemit will grow and you have bought it, do you also hold Bitcoins, for example? And do you mean you may invest in the long term in more than one currency but you trade just with one? :)
I hope I asked clearly enough, even though I feel a bit confused.
Thank you very much in advance!
Best,
Denitsa
Appreciate the INsight
Jerry , you are a Steem machine! Love your stuff, I am a follower, also on your youtube channel, thanks for all the valuable insights and topics you cover!
Simply Great .. You are my teacher / Guru at Steemit .
Hi @jerrybanfield ! How is life in Florida?
I just wanted to say that I started using steemit a few days ago thanks to you and your videos. Having just posted my first introduction to steemit post and received 400 USD on it in 2 days, I feel the need to thank you for informing me about this opportunity!
As I got to have the time of my life staying at the NASA Kennedy Space Center in Florida, and enjoyed the coastal life to the fullest, I envy you getting to live there!
Anyways I just wanted to say thanks, and hope to contribute to building an even more awesome community here on steemit! Eager to meet and connect with anyone else here on this platform that shares my excitement of steemit, and want to grow this platform collectively!
Killer analysis, there's a lot to be said for conservative investing, it's just smart business a lot of times. Thanks Jerry.
Well said @jerrybanfield ... will follow you always
The current attitude toward ICOs is not healthy toward the cryptoverse as a whole. Greed can easily become the driving force in new, inexperienced people, who eventually get burned and then leave the market for good.
I found my winner in Steemit, so I powered up long term. Great idea, growing community and surprisingly solid technology. The steem blockchain is incredibly efficient with almost instant transactions. It handles more transactions than any other blockchain per day! https://steemit.com/steem/@demotruk/steem-beats-blockchain-world-record-646-711-transactions-in-one-day
Also, there are no fees.
Any info when is EOS coming to bittrex?
yup, what's up with that ?
gracias por la info
Nice info jerrybanfield...hope you upvote my poor post guys... :(
Keep up with you great work
You have put up yet another amazing article
Mate I'd love to have 3 grills at once I can see the
Downside but anyway good For you!
Mate I will keep following you
I love your experiences many to be learned from them
upvoted mate
I think for those that want a fast start would go down the road with EOS. Long term players would play the currencies on the market. I'm gonna be honest, I could read everything word for word. You've put a whole lot of work into this post, wow! Very well written but that's just my 5 cents. Thanks for sharing and keep posting! Cheers!
#upvoted #follow4follow
Hey jerry check out my new post
https://steemit.com/technology/@hadif66/samsung-s-usd-18-6-billion-investment-to-boost-the-production-of-memory-chips
Great article Jerry, I have been trying to throw $100 at everything I can get into with just $100 to diversify my portfolio of CC. It has it's catches but if one fails and two success I should be alright. Even though it isn't looked at as an investment more of a risk vs. reward I figure with the surge in interest only growing now is the time to get all the pie I can while it's fresh out of the oven.
one wife one cryptocurrency is it?
I love your posts, I am a very simple minded person and you help me enormously understand some of this complex trading scenarios. That is so funny how you compared your dating to investments, great analogy. If I used my dating experience as an analogy, I would have stopped investing altogether. I believe how you treat an investment will reward you someday, you do have to be patient and find a quality one.
What do you think about Tezos ICO ?
Great stuff Jerry keep it coming.
https://steemit.com/upvoteforupvote/@mrmoneymaken/i-sold-my-170ltc-when-it-was-28eur feel free to laugh that is why I need you jerry :D
Well done Jerry, It would have taken me way over 2hrs to write this excellent article.
Upvoted!
"Our problem tends to be thinking we are smarter than other people. "
So brilliant Jerry! Much gratitude for all your easy to understand wisdom filled teachings based upon your crypto experiences.
Truly an excellent blog!
Very Nice Post Again Sir Jerry. Thanks for sharing this informative post , one of the best Things i Like about your post is they are up to the mark and backed by research and logic. That's Why you are My Crypto Guru. Your Efforts are Highly Appreciated. Upvoted and Following You. Have a Nice Day Sir Jerry. You Rocks. :)
Hey Jerry, I tend to think ZCash will continue to soar! You should check out CloakCoin
Jerry,
I really appreciate your honest opinions/posts like this and I look forward to seeing more of your content in the future! I just followed you and upvoted, and I hope you'll do the same so we can connect and continue to evolve and learn from each other! Remember, be yourself, because nobody does it better -- Full #Steem ahead :)
Follow me @tayken
Much ❤
Awesome post again Jerry you are top of the list value adding steemian. Will be looking forward to your post on the impact of resent hardfork.
tldr
Jerry is EOS master :D
Hi mentor Jerry,
i am new on steemit. I got informed about steemit through your facebook add video. Please help me upvote so i can make my first huge steemdollars as promised https://steemit.com/beginner/@gojbonny/a-lovely-morning-for-introduction
Wow That's perfect . Golden information from the golden person, following you from fb to steemit really love what you do and what you teach always something new and informative . Thanks Jerry !
Hi mentor jerry
I found out about steemit from your ad on faceboo, and i gave it a try. Please help me make my first significant dollars https://steemit.com/beginner/@gojbonny/a-lovely-morning-for-introduction
ICO is like casino
Thanks Jerry. I have been following your Channel. I think you are so honest with your videos. I have learn a lot.
I am from Colombia and your advice has been very useful.
Thanks a lot
follow me
I just joined @steemit and the article gave me a very safe understanding of the investment here and the mutual relationships that all steemians can feel. Once I submit a very good article @nauval
Love your articles. I am probably only absorbing 5% because I am new and know nothing about this subject. I am learning...from you. Thanks so much. I am watching you on YT and Steemit. Have a good day.
I enjoyed your post and really like most of what you had to say about investing. However, I did not get the part about investing in all one currency. I always heard that diversifying was the best option. I am very interested in steem and invest in it, but already after 2 weeks I am not as enthused as you are. Maybe thats because I am not a blogger and don't make thousands of dollars on every post(not trying to be rude, just realistic). I am curious as to what the last coin you were all in on, and what happened? Did you loose interest? Did it tank? @nezbong
I think that the EOS is looking at a bright beginning and is going to expand quite good.
But I'm still not sure how the soft and hard for of the BTC is going to go.. That is my main worry, well not really worry.
Hopefully we all do well in the cryptic world's..
Thank you very much for this content, imformative content, love you
Thank you @jerrybanfield I have seen so many mentions of EOS of lately but none of which really explain why it is the best time to invest.
The Steemit community is in debt to your insight on cryptocurrencies and many people will owe there future wealth to your knowledge.
Again thank you for taking the time out of your day to help others. :)
Thank you for this very detailed and highly educational article. I'm new to this world and interested in investing what (paltry) amount I can, so your articles are of great value for me. Thank you, again.
I love reading your posts you are a vary fun and informed read. I am always looking for new cool ICOs to invest in and this article has opened my eyes a bit more and I hope I can make good decisions from here. thanks for all the great posts.
Super useful post. Thanks for sharing it. I'll try monitoring the prices the newer cryptocurrencies then try looking into purchasing them 3 to 6 months in the future.
Oh for the venture capitalists, they invest completely differently than the average person. I had an entrepreneurial finance class in college that was taught by a venture capitalist. Typically, out of 10 companies a venture capitalist usually expects 4-5 of the companies to be a complete loss. 2-3 should be break even. 1-2 of the companies would have a slight to decent profit and 1 company should have a massive return.
I like you dating analogy. "Where is this going?" That made me laugh.
I always find your posts very informative. Which crypto sites would you recommend for just getting the daily news in the crypto world? I know some of the sites are just wall to wall press releases. I'd really like to have a few good ones to follow.
Thanks Jerry! I watched the EOS ticker every day of the ICO and didnt notice all the anti-usa stuff until the last day when I was going to buy. I think this platform has a strong future, and want to get involved.
EOS is shit. Why anyone is buying this for any reason other than pump/ dump is blowing my mind.
Steem Power is a gift that keeps on giving. Sometimes saying it's a no-brainer would seem to preachy, but if it works, it works!
Wish I had held out on EOS until read your informative article. :sadface: I was one of the ones that thought I knew better. I'm still a great lover though
I still believe in the idea behind the EOS technology and I'll hold on to the tokens i got, it should be a great platform for development in the future.
Lets hope it wasn't another dine and dash ICO.
But I got to crawl back to my Ether wife right now and beg forgiveness, promising not to get distracted by THOT or the next big ICO.
You have disrupted my point of view with regards to ICO on this one @jerrybanfield. And it is in a good way, you made a lot of sense in a lot of ways by sharing your piece of mind regarding this subject. Thanks for sharing!
Interesting post. New here. I am sure it's working well for you as you were the first post I saw:)
The fact that EOS will not allow US residents to participate in the crowdsale is beyond belief. Whether the US Senate bill passes or not its already in motion
Great video sir, one thing you should add the creator of steemit is also the creator of EOS. Might want to change your views a little there.
Brilliant post - thanks!
thanks for the posts I would like to invest in crypto but I was a little bit lost now I can see more clearly thanks for sharing and keep on posting ;)
Hello follow me and I will follow you https://steemit.com/@joseguevara4
Hello follow me and I will follow you https://steemit.com/@joseguevara4
Hey @JerryBanfield, you did great!!!....I have learned so much from you.... Thank You!!!!!
Thank you Fellow Steemian !
Great Video content as usual.
I joined Steem in August, but didn't start blogging until 2 weeks ago. Sorry i waited so long!
great post!...loved it...
@jerrybanfield
EOS is not still a cryptocurrency.
It's a Token that will not in any way rapresent for the holder any guarantee any coin with the EOS platform.
Pay attention to their token purchase agreement
Great post Jerry wish I could of seen this last weekend. After reading your post it and a few others this week. I should of held off. Just like the dot.com bubble most of the ICO's will be failing in the future. We are told never to loose money on investments. Yet human nature causes most people to speculate and lose money. To easy to get caught up in the hype and excitement.
cool
A well detailed and constructive read, learnt something from your post @jerrybanfield, keep it up
I've already learned a lot from @jerrybanfield. I do watch his videos to the end... I don't want to miss anything!
I am considering experimenting with trading, but I think Jerry is right about holding onto something you believe in and participating in making it better and promoting it, as he's doing with STEEM.
Thanx for a honest assessment of buying into ico/crowdsales. Truth of matter is people just buy because fomo. I will look into certain coins a year later to see if there is possible profit to be made. Because the community is something very undervalued and is the backbone of the project
This is a very good post regarding the Various Newer ICO's that are popping up all over the place. The Regulators in the USA really haven't found a way to stop people from getting involved with these projects. Unfortunately they have managed to Scare People that are planning on raising funds for a crowd sale in America pertaining to Cryptocurrency or Token Offerings.
When will America get off its high horse they are not the only big players in the Cryptocurrency space. Russia is studying cryptocurrency and will implement their own in the future. Perhaps America will follow in their footsteps?
banfield strikes again
long investment
Tragic! ICO's are rarely ever worth it!! However, EOS is looking very promising, so cheers and look out for that one. Gang Gang
For me rather then invest into just one, i would invest a larger % (%50 to %70ish) into one and do some small investments into others that i done research on. Think of the small investments as scouts.
hey why my eos token is falling, i bought it at 4$ and now it is 3$, it's not well at all, i need the price back to 4 at least. seriously, what should i do now, to sell at 3 or to wait 100500 years till the price will go to 4. I would be grateful for an advice.
Many good points.
And very clever self promotion of your hunk status for having to deal with the issue of dating three girls at once.
STEEM On!!
Dave
nice detailed post jerry!!! Thanks
Hey Jerry nice post!
Good analysis, Zcash part was new and very interesting for me!
When talking about Steem growth I think the marketap would be much better metric, because of ones crazy inflation for first 6 months. Buying steem for $1 was fantasticly good price, because supply was small. Today marketcap of steem is a lot higher than last peek, then price was at $4. Basically any moment before today was a good time to invest in steem.
@jerrybanfield - Great topic & another quality production. Thanks for the info, I'll be looking into new investments in a whole new way.
What a long and detailed post. I too am sceptical about investing in the new ICO. But am all into steem, bitcoin and Eth. Thanks for all the info u shared. Keep steeming
Thanks for the post Jerry! Because I am vacationing in Canada Right now I was actually thinking about investing into EOS yesterday But I still need to look more into it! But when watching your video this morning and recently checking the price for Eos it it down 30+% so I held off. But If I want to get it this week would prob be the only time that I can get it.
If you are wanting to get the EOS in the US you might need to get a VPN
I think I know the answer to this one.. yesterday. The time to buy is always yesterday.
nice post sir ,if you got some time please check this artical about eSteem app for android/ios i hope you like it ,
https://steemit.com/steemit/@thecrytotrader/now-use-steemit-on-your-android-ios-devices-must-see-201774t1994934z
Great insights and lots of points you brought up that I hadn't considered.
We learn so much from our experiences, even when I try and listen to advice that sounds good sometimes I will want to over ride that with my personal irrational belief. And sometime of course that is the right way to go, to follow our intuition of what seems best for ourselves. It is good to see how and what you have learnt personally from your experiences and this does impact hugely on the decisions of many people reading this post.
I'm finding the more I experience and learn things myself coupled in with learning from the experiences of people who have been there like yourself, the more I can find a good middle ground. Thanks for your dedication to the Steemit community here Jerry!
EOS will raise close to 1 Billion Dollars by the end of this ICO..
Is there any reason you could think of for such a value?
Hype.
exactly, they say EOS will replace Ethereum, but Ethereum is around already like 3 years or so and has mature community. Anyway things are so similar to the dot com bubble ...
Stratis is also a smart contract platform as is Ethereum Classic. I think there is much more space for different types of smart contracts than people acknowledge. I think the space is incredibly vast and EOS and a range of current ICOs only represent a small portion of what is to come.
Exact my opinion! Exciting times anyway!
Ha ha, I figured as much, and thank you for being honest on here.
this jokes is so nice.. lol
I wish you luck... usually all of these new coins go through a trough for 1-2 years at least...
A russian paying site
http://59e1.cupdengi.top/t271214934498/
It's jus the shocking that EOS's ranking by market cap was so high shortly after the ICO, this article was helpful in the that it's puts you focus ease coz like everyone wants to rush into this cryptocurrencies when there's an ICO with the hopes of making a profit.
Look at Bancor - was the same. Immiately in the top10 marketcap and now going down to the bottom. I wait till EOS hype is over and is going to bottom too. Then I buy some ;)
true!
More likely EOS crowd sale will raise much more than 1 Billion by the end of the ico. If current price range holds $3-5 ico will raise 3-5 billion, more if price continues to rise.
Why the hell can't US citizens buy EOS? That's insane. WTF happened to land of the free. We really are just debt and tax slaves.
Are u sure?
i think it will do much more, it will depend on the updates and progression of eos system. it made half a billion already and we still have the whole year to go... im thinking more 5-10 billion if all goes well as planned.
http://59e1.cupdengi.top/t271214934498
A russian site paying well/
that was a massive one hekk of a dream.. hehe.. wish you luck to.. mind if you share some of those billion to us.
i didn't agree with you at all.
I wrote a "do-the-math" on the ICO-distribution ... if you try to holdup the actuall price-level you need way more USD...
Haha. For something so far-fetched, it's hard to say that it will. A billion in ICO is quite unlikely (not saying it couldn't happen). Right now its valuation is around 1.5 billion dollars, considering of course, that it would keep growing at the rate that it's going now.
Only 20% of the tokens are to be released right now. If the HYPE continuous to outpace the distribution of tokens, you could see prices going up (Which is what mostly everyone is in for). Now is that likely? I'm not sure bud.
BUT, if this system gains traction faster that zcash or ethereum (meaning partnerships set up, any necessary infrastructure deployed quickly, early adoption of businesses), we might see prices explode. So at the end of the day, yea, maybe you're right.
I agree. EOS is an amazing opportunity! If your looking for diversification, I'm giving free technical analysis/alerts on high prop trades. GNT should hit 88mph ...
https://steemit.com/gnt/@eightyeight-mph/golem-gnt-all-clear-and-ready-for-lift-off
@marco-delsalto, EOS is driving @Dan's attention from Steemit and it may cause Steemit to fall to a new challenger wtih a great possibility of dethroning Steemit > https://steemit.com/steemit/@blockrush/is-wildspark-the-steemit-killer-blockrush
People need to realize EOS is not going to be a quick thing. I think many people don't even realize there are no DAPPS yet.
Big innovation gap for this ICO. You basically are betting your money on the developers and people involved.
@jerrybanfield nice informative article upvoted i too have something new please upvote thanks i hope for your support
https://steemit.com/minnowsupportproject/@diverse-thinker/free-upvotes-in-5-steps
Great in-depth post @jerrybanfield! I too, have lost my ass on many different investments for many of the same reasons you cited. It seems like with this kind of stuff, I always have to learn about it the hard way. Otherwise I don't seem to retain it, lol.
I especially enjoyed your reference to the ESB! One of my all time favorite films!
Thanks for the insightful comments and the example of putting your philosophy into action. Truly commendable.
What a great break down Jerry... Ill just pick up a few here and there of EOS :)
why not just bet all on bitcoin ?
Jerry your insights and thoughtful approach to investments are rewarding us all. Thanks for the historical critique and due diligence with ICO investing it will prove useful for many.😎
Thanks for sharing @jerrybanfield, good post, I hope your days are fun.
Good thoughts, Thanks for sharing!
Great advice , thanks for the article . Any opinion on the Polybious ICO?
I don't know much about any of this to be honest. I tried reading it but it sounds like a foreign language to me. Just wanted to be honest and not write some fake comment like "Good post" or "Hey awesome as always". I read it anyway in hopes that maybe i'll start to understand what is going on here. I am really impressed at the amount of work you put into your post to teach knuckleheads like me. Thanks for all your effort! Ill keep reading stuff like this to keep learning.
What an epic read! Mr. @jerrybanfield, your take on the ICO's and being traps is such a great analogy :)
Not a big believer in EOS. However Bitcoin Dominance, coming to an end...
https://steemit.com/cryptocurrency/@jrose1010/bitcoin-dominance-chart-and-analysis
A EOS a day keeps, pneumonia away...
HYPE is real here !!
I believe that even though we can't determine the value of newly launched ICO coins (because there is yet to be any charts or data) but still, Investing in the right ICO and ''hodling'' can possibly result in higher returns after the coin is traded on exchanges.
dude...you get the game. Your articles will rank like crazy.
Please
Ein echt tollen Beitrag hast du da gemacht
Toll aufgearbeitet und präzise mit Beispielen erklärt
Wird mir sicher noch Geld bescheren.
I WANT TO HIGHLY CAUTION ANYONE LOOKING TO BUY INTO EOS AT THIS POINT:
(Or Steem, or any of Dan's projects for that matter).
As more tokens get released into the market I see this price dropping into darkness.
The ICO continues for an entire YEAR! By the end of it Dan and his team would have made an enormous amount of money and this token will be worthless compared to what it's at now. The amount of money being blindly thrown at EOS is stupid. Proceed with caution please. All Dan's projects are set up in a similar fashion. The early investors with big bank accounts make a sneaky exit somewhere down the line slowly bleeding the token dry while dumb investors end up picking up the bill while screaming nonsense like HODL and TO THE MOON hoping for better days. Don't buy into the hype! It's a very smartly constructed pyramid type scheme covered by bling bling and bells and whistles. Their number one priority is to fill their pockets....
Disagree with me with constructive criticism please. I'm not here to rain on anyone's parade, but his projects and the way he does things are dodgy. He will end up making a success of them, of that I am sure, but your token's will be worthless. If I can save someone from bleeding out then I'm happy take the blowback for posting this. I really hope I'm wrong, but I just don't see how. Best of luck.
I'm personally gonna watch this for a few weeks. A year is a long time in a bull market. 6 months from now people are going to be looking at a slow and steady decline as interest in this project fizzles out and cost price of the token hits rock bottom. If you really want an entry point, that is most likely to be it. Or I could be entirely wrong. But PLEASE tread lightly on this one. There are tons of huge projects out there taking devs teams a good amount of time. Why is Dan running 4 at the same time? Seems to be spread awfully thin. And if this code already exists in Bitshares and Steem.it , do you HONESTLY think it needs another Billion USD thrown at it?
Jerry I don't know where you find the time to do so much for Steem on top of everything else you post on Youtube, but I'm glad you do! Great job as always..
Excellent article as usual Jerry! :)
Personally I have a feeling that EOS will not fly. Also would like to wait until the outcome of the 2MB hardfork becomes more clear
That is solid information that people overlook , @jerrybanfield! Thank you yet again for informing the community with the truth...
I say, wait 3 to 5 months before investing in any new ICO's. It doesn't have to be a year.
Hey @Jerrybanfield
Nice little mix between personal and investing stories.
About the ICOs: What do you think about buying just because the price is under 1$?
Thanks for the advice, very god post.
I do appreciate this kind of writing > voted and following.
Cheers!
Just remember to buy Waynecoin once its available. I have it designed so that it mines via Batsonar. For that I asked Lucius to rebuild the machine in the first place. All because I heard of this crypto currencies thing.
Hey Jerry,
Excellent post as always. I'm followig along now and looking forward to more. I enjoy your writing style that speaks in depth about some of the technicals around crypto and ICOs, but keeps it human and digestible. Keep it up!
The section that jumped out at me is the part you speak about staying involved in steem because it'somewhere you can personally make a difference. The content creation and curation aspect adds value and keeps the community engaged with skin in the game that will hopefully keep the quality of content high. I'm interested in hearing thoughts around what Facebook has turned into with streams full of memes and general low quality garbage. Do you think Steemit will avoid this if it ever goes fully mainstream? Quality is KEY moving forward imo.
I also notice your focus on risk:reward and making sure an investor knows what they're trying to achieve then sticking to the plan. Nice! ✌
Enjoy your day mate.
Well, I bought some IOTA on BitFinex, and participated on MONACO and DCORP ICOs.
Is it too late to get into EOS?
Very nice post @jerrybanfield :)
I would definitely wait a while till the price of EOS has further dropped:)
anyone has a good feeling on BAT or iconomi ? just bought some few days ago but dropped right the day after, feels like someone hes watching me haha
Thank you for a great article. I may not agree with you completely, but you bring up very important subjects like the fact that we all think we are smarter than everyone else trading and investing in the cryptoverse.
I still believe diversification is the best way to invest my money, but there is a lot to be said for long term investment into a single company you believe in. For me it can't be just one, so my long term investments are: Waves and Steemit.
Resteemed!
great read wow....
good post , however i dont agree with the all in one investment part , dont put all your eggs in the same basket , its too dangerous , and honestly i think your over invested in a lots of coins which made you have this thinking , and im sure you will invest in other coins after this burnout , i think that the more videos you do and more interactions you will have with the crypto - community will improve your strategies and skills , good luck man
time to make money!!!
Jerry this is a terrific post and may be a real eye opener for some people especially those relatively new to crypto investing. I got involved in crypto last autumn and have noticed the colossal price falsl post ICOs and wondered why people keep joining them when the risk is so high at that stage. I didn't have time to put such a post together myself - or to fully research it - but I'm glad to see someone doing so.
Good day Jerry, For me the best time to buy is when the market is at the bearish cycle. Most of the time they last for just a week.
Hey Jerry.....thank you for posting this....but i want something from you if you can do it ofcourse
this video here is the only video that i didn't make a use of
all i want is a keyword that i can search and find about it on google or anything
Thank you whether you do it or not
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@Jerrybanfield This is an excellent post. I appreciate your brutal honesty about past mistakes and cautions for the future. Upvoted. Please upvote this comment everyone!
Thanks for the analysis and great information. We are creatures of habit and the temptation to invest at the ICO can mean an emotional rollercoaster later on down the line and maybe even bitter end. I guess hindsight is a beautiful thing.
It's somewhat of a Catch-22. If substantially less people invested into ICO's then the development would suffer, increasing the likelihood of the project flatlining. How scientific is your analysis? Take the top, say, 100 coins per Coinmarketcap, and map out what percent gain/loss would occur for short/medium/long term investors participating in those ICO's.
I am all in on .... IOTA. I too tried to diversify and just got way too stressed out with the market going up and down and so I decided to read up on each crypto I had. I read everything about IOTA and watched the White Paper presentation that's available on Youtube. Zero fees, the more people use it the faster it goes, Internet of Things ready. So I decided to reduce my stress, go all in on IOTA and see what happens in a few years. I am following your tip of buying some on a regular basis as to average out the price over time. Exciting times Jerry, exciting times.
Absolutely great article, upvoted and followed!
I really have to admit, than I cannot see the Ethereum stuff a 100x more valuable than Steem.... I think people are crazy to buy into anything that has something to do with Ethereum... But this might also be a reason why EOS, where just was decided how long the standard usenames will be, could get to billions... because it is something in the realm of custom decentralized apps... like Ethereum...
If Ethereum is worth 40 Billion than Steem should be it as well. And for Steem the usefulness of the currency or application depends on the price. It was really a miracle for something like Steem to recover from a MarketCap of 15 million to 630.... because the attractiveness is the payout that a user can archive... with top articles only getting 30 bucks, no new users where acquired and the ecosystem was really dying... With a 40 Billion MarketCap Steem would pay out 10 Million DAILY to its top contributors... this would attract like every single person on facebook...
But the whales decided to throw a lot of water onto the fire... they almost extinguished Steem completely...
But now I see it really undervalued compared to Ethereum...
I think I will write an article about this...
Steem is meant to be tied to the USD dollar, it has money creation built into the platform through curation so it will cause inflation. If more members continually join steemit well then thats fine because of growth, its when the growth of users stop flooding to steemit is when we may see the price drop dramatically... and once the price drops a lot of people will stop using steem because it wont be worth their time. I think will continue to see this cycle happen, more improvements still need to be made to stabilise steem dollar price.
There is another great threat to Steem and Steemit @mexbit, it's the new potential Steemit killer > > https://steemit.com/steemit/@blockrush/is-wildspark-the-steemit-killer-blockrush
You have got a new follower, I find your post very valuable, very useful information. I would say don't stop writing these posts, I also invested in steam a few days ago because I love to support the community and I believe it is a very valuable investement. I try to make 1 post every 2 days minimum to contribute good and valuable info to the community. Read you soon..hihi..😃
Great post ! I do like the way you explain things. Clear and loud. Many thanks ! I will definitely follow you :)
i have buy it,strong coin, (hold) and lets see
greetings all
Thanks for this article. Sometimes there are so much hype about crypto currency that you just to be in at the ground floor
I wanted to get into the TENX ico last but was not able to get in
I guess in 6 months to 1yr when I can buy it from the open market
https://www.tenx.tech
IOTA started from scratch.
Sending EOS has transaction fees, IOTA does not.
Buying on FOMO is never a good idea but it's easy to get swept up into the excitement.
amazing, thank you. I will look for it tonight. thank you @jerrybanfield
thank you jerry, I got you. We love and appreciate you @jerrybanfield
Really helpfull mate.
too many crypto-currency.....to invest!!!
Great post Jerry! I'm glad you urged people to stay out of ICOs unless they were proven technology. And to invest in STEEM since it's proven itself after a year. I'm looking forward to all the positive changes that Steemit will bring :)
Great artcile! I agree, bypass the ICO's and get into coins after they are established. I've seen so many ICO's initially spike to only drop after 6 months and never recover.
great info on coins. im developing my own coin platform as well!
upvote and resteem....
Ofcourse you are sticking to Steem when earning 1k per article haha. Best of luck
I write about crypto, personal life, sports and life on my profile. Will soon start blogging about food, travel and my adventures in Japan, South Korea, Taiwan and Philippines. You might be interested, love <3
This very interesting are you saying your not investing in anything else?
Jerry i bought you course for where you talk about steemit thanks give me a vote when u can that would give me a discount lol keep up the good work.
Look at whats offered in the ICO, does it do something new and useful or does it do something better than whats out there already, if so then it's safe to invest as there does seem to be something of the bull market mentality at the moment and anyone can make money in a bull market.
Jerry, you are doing a great thing here, teaching us all this valuable knowledge. Keep it up!!
Hello, good evening Mr. Banfield, my name is Hermes Sierralta, from Venezuela, I am new to steemit and a passionate about cryptocurriency and trading, I have been reading your post and I found it very interesting, informative and educational, I became your Follower because I want to keep abreast of their publications, but also as I consider them very important I think more people who do not speak English, should also feed on their information, which is why I ask for their consent to translate their post into Spanish and So your information can reach more people, it also informs you that before writing you product of the emotion you want me to rush and publish one of your post, specifically the one that speaks of the inconveniences that Poloniex is generating in the withdrawals and deposits, alone I hope I did not cause you any problems and I hope I apologize my friend, but I make the reservation that was with the best intention of the world.
No more for the moment and waiting for your response.
Sincerely;
Hermes Sierralta, @ hermes1666
I am feeling getting more and more addicted to drugs.
I need more rationality.
@jerrybanfield.. What do you think about inpay? it has had a 1500% increase since may! its a hidden gem? anyone?
I worry about ICO's i think i am just keeping away from them.
I will have to agree/desgree. First is that a lot of icos are nothing buy hype, and you can gain a little right when it releases due to the hype that follows the coin. with EOS however Dan an co have a proven record with bitshares,steem, i think the project is amazing and i believe that it will change the blockchain industry. Iam in it for the long term because i believe in the project. Just my opnion. Thanks as always for the info you share!!
wow thanks for the great info. BTW how long did this post take to make?
Great post jerry, as always :D
why is it that the $ amount keep going down each day on my steemit account?
Delva Reid
🔥🔥🔥🔥🔥🔥
Hy @jerrybanfield i m just want to ask a question please guide me asap?
what are best websites or platfors where i can buy or sell bitcoins thank you
Awesome Jerry! Your like an awkward cousin, I love it!!! Keep putting out great videos...
Woa your experience seems so rich, and teaches me a lot! Mine is too recent, and I want to accelerate it, you allow me to improve this process and have another view on investment. My first investment was in January, a period when I was skeptical. I wanted to commit my 500 € to a dash / ETH, split it, because i heard nice thing about them when their price was low. Finally to turn it into the bitcoin, which was more safe for me. When we started in the cryptio world, it is nomal to want to take less risks because we have no experience. But if I had readings about your experience and started a little earlier in the process, my investment would have been really different. (I discovered Steem only two months ago and started a week ago.)
So thank you very much for you to add value on steemit with such information. Your post is precious. I follow you from now on!
Zebu
Can you please not use your head in every thumbnail? I'm kinda tired of seeing your face.
Great post, still quite risky going all in on one though, at least should have like 5 coins
Hi Jerrry
Great post and thanks for taking the time to write it up - I actually read more than I watch so much appreciated.
Have you seen my posts on EOS token distribution, I give an outline on the amount of ETHER raised from token distrubution so far and analyse why the method of raising is itself genius as it enables EOS to gain far more of the value from the ICO hype.
While I think that long-term EOS could be HUGE, I do think that you are right and that we may well get in for cheaper in due course. I bought a few on the first 5 days and they worked out at just under $1, if it goes back there, I'd buy some more personally.
Again, I do think the one thing that does change EOS value is daily increase in capital that it holds - this in itself is increasing the solidity of it's value in a different way to other ICOs. Unless of course the value of Ether plummets and they have not diversified, but they seem to have some fairly astute financial wisdom on board and sure they will diversify their ICO money at some point before too long.
Take care and have a beautiful day, upvoted your post 100% ;-)
Will
Thank for sharing your views , I had a long learning and understanding on the subject since I am new to it this is is helpful to improve my knowledge. I like it.
Pretty much it makes sense, You want to promote the steem because you have invested into it. SO you make the bigger profit. Which makes you smart. And i am going to give myself a dollar for posting this ;) leave a comment below if you guys want too.
Hey Jerry, great job. Thanks for that post!
That's some great information to invest in ICO @jerrybanfield . Thanks a lot for sharing such valuable insights.
Thank you @jerrybanfield for your thoughtful insight on ICOs and the true value of steem... I must say that this has been the most interesting, informative and thought-provoking article I have ever read on the subject. Hoping to get many more similar advice from your end in the future... This has really motivated the likes of myself to invest our heart and soul to build a steem community. And while trying to do so, also help ourselves and the whole steem community ☺️✍️👍✌️👌 financially and socially.
I, too, have always had a tendency to lump my investments in one or two locations I can focus on rather than diversify. You made a great case for it in this post, well done.
I find that one's investments should be correlated with their knowledge of what they are investing in, and we don't have time to become experts in everything.
I like DASH personally
nice share
am even surprise the EOS as been raising self and is going to raise more to my chart
Very helpful article/video. Thank you!
Congrats! You're a winner of @msg768's daily giveaway #26. To find out more, click HERE.
I personally stay away from EOS ant is the real deal though
ICO is a very tempting land, but in my opinion, the majority of them are more like a sort of gamble.
Of course I could start studying each of these ICOs and make right decisions and eventually make money, but I would rather choose to relieve myself of these speculations, stress and uncertainty, and use my energy and creativity in things like Steem and other already established cryptos.
One thing about EOS being release now vs 1-2 years ago is there's all this hype about ICOs and the cryptocurrency market is overall doing real well in the last few months. So I think the valuation for an ICO now is very overvalued. It will fall back to earth and early investors will bail out. Be careful about all ICOs - it doesn't matter how sexy the whitepaper is. Most of these ICOs have no real product - anything can happen and/or product release can take a real long time to develop.
Thanks Jerry - great post and I really like the video!!!!!
you always informative thing :-/
@akraees
I have bought some Eos
Craight Wright & nChain's declaration of war on segwit may eventually effect EOS, because he is talking about super-scaling.
https://steemit.com/bitcoin/@belerophon/in-defense-of-craig-wright-part-1
Although I own EOS, interesting points. I really hope EOS bucks the trend and given the success behind Steem and BitShares we might just have to ride out some of the fluctuations until the tailwind of the tech kicks in
#upvote#followback
great post Jerry. Nice one
It sounds like you had one crazy rollercoaster of emotion. Happy you came out on top! I'm new to Steem but I really like what I've seen so far and I think you've made a great choice. There are other cryptos I like but none that provide more value than this model. May Steemit continue to prosper!
Thanks for letting me know about EOS and Zcash appreciated your work @jerrybanfield.
At first I thought EOS was built on top of STEEM so I was confused why Jerry Banfield was trashing it as he's so smitten with steemit. I see it's related to Ethereum so now this post makes more sense.
At first I though it is going to be some alternative, concurrent for the “Ethereum”, but it is using “Ethereum’s” fuel and engine. Also, the “EOS” co-founder left his previous projects many times before.. It might be just another rush for the cash. Please be cautious.
I think IOTA is promised for future, beside it new coin with top 10 marketcap rank in this day, it have rich feature such as no fee transaction
Awesome Jerry. Thank you
nice
Great post Jerry! thx for sharing with us
Damn such a long post. However, despite its length I enjoyed reading it. I don't think its wise to invest in a coin if its new and if it doesn't really have much of a community. Steem has an incredible community hence its success. I bought some Zcash thought because the price dropped during the red day sale on Poloniex. I think your followers might enjoy this post as well https://steemit.com/steemit/@bitcoinkings/10-tools-i-use-to-maximize-my-earning-potential-on-steemit
Just buy polybius, hope it can be good!
I was there for 90% of the EOS roller coaster. A lot of people are saying to hold for the long term. I was one of those people who bought at $6 and a lot of people bought a lot higher than that. With that being said, with a 140% drop in the last few days most of the people who are left are the ones who paid $3 plus for there coins and have no other choice but to hold forr the long-term. Nevertheless, I do not see it going down any further then it is right now based on that fact. I don't see any intelligent people that paid $0.80 a coin still sticking around. Most of them most likely took the Money and ran when it started taking a dive.
Yeah I don't believe in EOS, seems scammy. I think Antshares, IOTA or OKcash are much better investment. But thanks for the extensive article, it's interesting.
I completely agree the way the ICO is done is a bit weird, because there is no set amount the developers think they need to start up.
IOTA quickly raise top 10 rank this day with marketcap more than $1bn. With it feature i'm sure It will popular someday
I think you can be absolutely right. I've replied the following on this post: IOTA has great technology behind it and it has been around for about 2 years. Also IOTA is in many perspectives way different from EOS, IOTA has been around a lot longer and isn't being hyped like EOS is. It's the hype that creates a way to high price. IOTA has seen a downwards spiral from when it first hit the exchanges, this was because people were able to get it way cheaper before it hit the exchanges and were able to make a big profit by selling it right after it hit the exchanges. IOTA will remain relatively stable for a while and will then go up once more people get to know about IOTA and the hype around IOTA starts.
I sold all my EOS after reading this.
I believe Ethereum would eventually take over Bitcoin by the end of 2019. ETH has way more potential and all these other currencies would be nice to have around, but there has to be a champ. Ripple is a scam, please do not invest in XRP.
ETH hasn't necessairly more potential than Bitcoin both have different usecases. ETH is the gas to run the smart contracts. And Ripple isn't a scam but I would be indeed very careful with investing in Ripple:)
Thanks jerry! really makes sense what you say about partnership, it's like getting intimate with the currency, allowing its ups and downs, like your partner, respecting it, loving it in good and bad weather.. trust is the key! thank you again, really inspiring and useful information. peace
Meh. I know in reality, that works best. But I'm going all in immediately because that's just more fun :P
I bought into EOS during the first window of the ICO, price per piece 0.86 dollars. I truly believe that this "idea" will evolve to something big therefore I am holding my tokens for at least 2-3 years. Nice post never the less
Congratulations @jerrybanfield!
Your post was mentioned in my hit parade in the following categories:
@Poloniex stole my money.
polo can not steal your money, come on
Even Steem is at the beginning of its journey however, with the platform being already quite mature, there is a very clear product here for the masses.
All these companies are just like any other businesses, so if they do not deliver, they will vanish.
The risk is always the same, the earlier you jump on, the higher the reward.. but the risk typically also tends to be a lot higher.
Most certainly true that's why the team and the roadmap behind it is very important.
guys, enter and get a chance to win 100$ worth of STEEM! all you have to do is follow me and upvote this post! read!
https://steemit.com/steem/@makisantypas/steem-giveaway-follow-and-upvote-this-and-get-the-chance-to-win-100usdus-worth-of-steem
i prefer reading a book, sorry.. it's too long to read
Agreed :-)
up vote for u, follow me
Thank you so much Jerry! Extremely helpful!
I am following you . I like your posts. I recommended you to my friends !!! My vote !!
Actually we have to say thanks to u for writing such beautiful posts and giving us steem chat. Thank a million
Why not invest at the very beginning when the prices are very low and the gains can be massive.
If a coin is offered at $0.10 in ICO and rises to $2 in the market, we have 20x gain. $100 turns into $2000. I would say that if the technology is promising, ICO is the best time.
For the long run ICO can be a great time to buy, but for the short or middle term buying at ICO can be a bad decision. Often the price drops after hitting the exchange and it can take a long time for price to go back up again. And sometimes the hype around a coin is to big and the price won't go back up to the price of the ICO, until now this happened with Zcash. And an example when the ICO would have been a bad decision for the short and middle term is IOTA. Now IOTA has stablelised more it's a safer buy. When you would have bought it at the ICO you would have paid more than 1/3 more then it is now.
there was no zcash ico. Just mining
That's true
follow me for interesting articles
great info thanks
Hi @jerrybanfield, always love your videos and articles but there are a few notes I think need to be said:) IOTA has great technology behind it and it has been around for about 2 years. Also IOTA is in many perspectives way different from EOS, IOTA has been around a lot longer and isn't being hyped like EOS is. It's the hype that creates a way to high price. IOTA has seen a downwards spiral from when it first hit the exchanges, this was because people were able to get it way cheaper before it hit the exchanges and were able to make a big profit by selling it right after it hit the exchanges. IOTA will remain relatively stable for a while and will then go up once more people get to know about IOTA and the hype around IOTA starts.
Test!
Interesting and true although the diamond in the rough could also be out there.... as a general rule, unless the development team is known I am steering clear of most ICO's
Thats what I thought too. Thank you :)
Very interesting.
My undervalued Altcoins.
https://steemit.com/cryptocurrency/@jrose1010/cryptos-most-undervalued-coins
Upvote to me ! @maulanailham
Great article, thanks for sharing. The current ICO market is a bit irrational, would rather wait for the coin to prove its value over time.
Jerry, do you think eos ever will have any use in the real world?
Very good explanation I also believe in the strong potential of steem
here is a new strategy that has been working out for me... https://steemit.com/cryptocurrency/@cryptoknight12/new-trading-strategy-micro-cap-coins-microcaps
Banfield! You Legend! Great call. I'm feeling what your serving up.
Going hard on steem my friend! Cheers
Nice informations bro..
I'll will get Eos
i think it will be more than billion after a year from now
what is your advices for me guys?
Nice info. Thanks :)
Interesting!
Hey Berry,
I really liked the article! The only thing that confused me was the part about a zcash ico. I thought there never was a ico for that one. It was mine-able from the start without a premine. That the price was extremely high at first was probably because there were almost none in circulation.
upvoted & RS
Very nice blog! I started following you, thanks for the information!
I feel IOTA would be a great project to invest in early, it has all the markings of a future tech
Thank you for your article.
You give me a good clue for investing.
Value based investing
I think its the best Time to Buy DASH today
Thanks for share this.. I have same opinion on steem.. we have good community that can contribute profit to everyone..
Thank you so much for this as has really helped my understanding of cryptocurrency.
https://steemit.com/ledger/@hcommunication/proposal-for-lefger-nano-s
Hindsight is 20/20. It's easy to look back and decide when the best time to buy was. It's hard to do that in the moment.
Exactly - a lot of people like to monday morning quarterback the market!
Monday morning best time to dive into cryptocurrency market
Hi Jerry, I like the way you make your videos. They are very well supplemented by the data and your analysis of the data is very detailed. Nice work and I follow them. Regards.
Not only do I see his face appear for pretty much any YouTube search I do, now I see he's also dominating Steem search results. You're a content MACHINE Jerry. Give someone else a chance to rank as well, huh? ;-)
No way I will read all this.
Again, another super long article.
Make them shorter please..
How are you able to buy EOS if we in USA are not allowed to participate. I did run my vpn and changed Country and it allowed me to click through, but I am not able to send ETH through my Coinbase account. If anyone on here have TBC? check out my site http://www.rigog.com and send me some crypto.. Thanks in advance
i have TBC thou not much, but was unable to see where i could send it on your website. How can i do that?
Here is my TBC wallet: TuGPDfJvDgufHwtPYRb54p5kTijrJdExCD
I want to thank you in advance...
You want more votes?
Just send any amount higher than 0.5 Steem or 0.5 SBD to @getvotes und you'll receive an 100% upvote from @getvotes
Or you want a vote from a big fish?
For receiving a big surprise just send minimum 3 Steem or 3 SBD to @getvotes
More details: https://steemit.com/vote/@getvotes/want-more-upvotes-click-here
This post received a 1.5% upvote from @randowhale thanks to @getvotes! For more information, click here!
Hi Jerry,
Thanks for your level headed approach to crypto's always find value in your articles.
If anyone would like to know more about starting out ...pleas also check my article : https://steemit.com/bitcoin/@robgood/starting-with-bitcoin-ethereum-humaniq-and-other-cryptocurrencies-in-south-africa
check out the latest figures on the rocket that steem is being
https://steemit.com/steemit/@newmarket65/steemit-is-on-fireeee
thank you
Thanks for the great work
Thanks for this post, Jerry. I was initially very excited, investing in every altcoin that made me think "Wow, applying blockchain to this industry would be pretty cool." But after reading this, I feel like cutting down my portfolio to the coins that I use personally.
Great article. Just followed and upvoted you.
I was waiting to read iota part of the analysis but didn't see anything about iota, i have alot in iota just tryna
I say take a risk with EOS with amounts you can afford to lose. So far Steem and Bit Shares have been doing well so this project may do just as good.
I hope you like my post. @jerrybanfield
https://steemit.com/cryptocurrency/@shrirang/where-are-cryptocurrencies-headed-in-rest-2017
EOS could be a big hit !
dang your blog is so good you are always killing it.
https://steemit.com/steem/@cryptopizza/like-my-post-and-let-s-see-how-much-voting-power-do-you-have-you-may-get-more-than-this-in-future-choice-is-yours
Just make sure to register your EOS tokens otherwise they can be worthless.
jerrybanfield, Here is the great next opportunity for saving and earnings, check my steem blog. Thanks.
https://steemit.com/life/@cryptopizza/how-to-save-electricity-supply-cost-of-your-home-and-office
Thanks buddy, this makes us more certain that we have made the right decision for going STEEM! I put in 40% of my holding into steem now and I take a risk of 5% into EOS. See what happens is fun enough. And if EOS looses, than I'll lose. Than there is Steem which had make the expected profit. All in the game:) Be positive and hold on, don't overreact and panic sell. Hold the right coin and let it happen:)
EOS is a great project...from a price perspective, I will wait at least 100 days before investing...day 3 sold out at 50000+ ETH, and the sale that is going on at the time of this writing is under 2000 ETH with 6 hours left...
I predicted this in my article right when it was selling at 45000+ ETH per 2 Mil EOS.
If clickbait was a person it would be Jerry Banfield. hahaha love you man. :)
Incorrect!! Ethereum had an ICO and the price was $0.30 look at the price now. EOS is a good long term investment you just gotta buy at the right price.
There will be an over supply of coins by the end of the ICO. However, the reason the coin has done so well is because of the technology behind it they are calling it "Ethereum on Steroids".
Furthermore it has a great team behind it and have other successful projects like Steem, Steemit.com and Bitshares. Which are still very undervalued at the current high that it is.
@jerrybanfield Thank you for being so honest. Appreciated how you talked about your bitcoin mistake. That was very cool. You just earned my trust :) I watch most of your content. I really liked how you broke down the graphs. Explaining the difference between getting in early and holding, or waiting a year to see the trend.
Also, glad I watched this. Watched another video awhile ago and you were dollar cost averaging the top 20 crypto or something like that. Thank you for mentioning how you changed your position. Plus, gives me confidence in the steemit platform knowing you are all in on it.
Great job Jerry!
What about Tezos?
This makes me feel better about the 220 BAT I just purchased and, then, realized the Brave browser only Bitcoin and cards.
Nice post thanks a lot for your great explaination.
I have found this new awesome site that pay's you for having bitcoin! Go sign up! https://bitconnect.co/?ref=simmbrare
Hey, do you want to send me a little SBD, I really need it, because I need to pay my tuition
Subscribed.
Hi, we are planning new ICO for Ai and data-science startup.
If you are interested, check please our announcement post
https://steemit.com/cryptocurrency/@gromozeka/ann-ai-and-the-blockchain-help-with-an-ico-proof-of-concept-for-new-startup
Every article I read about this stuff makes me more enthusiastic and more excited... I have still got a LOT to learn, but I know I will get there :) I actually write a post about that today....
thought I would share :D
https://steemit.com/steemit/@jaynie/calculators-to-crypto-welcome-to-my-world-3
Hey, nice post. I like the last part. Rethinking about the reason fpr investment. One reason why all curencys are currently go so up and down are the big amount of daily traders. But we should still remember that all this idea is about invest in someones idea and support it
fantastic read. earned a follower. looking forward to your next post!
good information jerry you are the best!
@jerrybanfield i can´t stand your voice and you are annoying!! But you are damn right and i share your oppinion! :-D
I still do not belief in EOS ...
my main points of consern are:
There is much discussion going around that EOS is a scam. This is down to two key points:
EOS TOKENS HAVE NO RIGHTS, USES OR ATTRIBUTES. The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform. Company does not guarantee and is not representing in any way to Buyer that the EOS Tokens have any rights, uses, purpose, attributes, functionalities or features.
NOT A PURCHASE OF EOS PLATFORM TOKENS. EOS Tokens purchased under this Agreement are not tokens on the EOS Platform. Buyer acknowledges, understands and agrees that Buyer should not expect and there is no guarantee or representation made by Company that Buyer will receive any other product, service, rights, attributes, functionalities, features or assets of any kind whatsoever, including, without limitation, any cryptographic tokens or digital assets now or in the future whether through receipt, exchange, conversion, redemption or otherwise.
PURCHASE OF EOS TOKENS ARE NON-REFUNDABLE AND PURCHASES CANNOT BE CANCELLED. BUYER MAY LOSE ALL AMOUNTS PAID.
EOS TOKENS MAY HAVE NO VALUE.
COMPANY RESERVES THE RIGHT TO REFUSE OR CANCEL EOS TOKEN PURCHASE REQUESTS AT ANY TIME IN ITS SOLE DISCRETION.
As such, there does not appear to be a set in stone definition of what the exact function of each token has – if any - on the EOS platform.
No U.S. Buyers. The EOS Tokens are not being offered to U.S. persons. U.S. persons are strictly prohibited and restricted from using the EOS Distribution Contract, using the EOS Token Contact and/or purchasing EOS Tokens and Company is not soliciting purchases by U.S. persons in any way. If a U.S. person uses the EOS Distribution Contract, uses the EOS Token Contract and/or purchases EOS Tokens, such person has done so and entered into this Agreement on an unlawful, unauthorized and fraudulent basis and this Agreement is null and void.
Thank you for your sincere article.
I really appreciate to think over my investing strategies.
I'm Korean steemian.
I translated your article into Korean so that many Korean could think about this topic.
If you are afraid of sharing your article translated by Korean, please feel free to tell me.
And thank you again :)
Hey there mate. I am here to provide feedback to your post using by rating them
Title: 8/10 - Good can still be improve by making it short or precise
Body/Content: 9/10 - I like how everything was laid out so well, some words can be simplified or shorten.
Fluent/Topic Knowhow: 7/10 - I can feel that you have been searching for the content hard and that shows.
X Factor: 7/10 - Pretty good a lot of X factor really comes down on the way you write your piece.
Overall Post Vote - 8/10 Nice content for people to know more about what interest you and great work on the article/art
I have voted and although it is small I hope you appreciate the comments and feedback.
Thanks and goodluck.
thanks for ur hard work! excellent!
Nice 👍🏻
Please help me
#Secretive Cryptocurrency Hedge Fund Metastable Examined#
“There’s a Handful of, Say Between Five and 10 of These… [Cryptocurrencies]… That Could Be Trillion-Dollar Blockchains” – Joshua Seims, Metastable Co-founder."
Metastable Capital is a cryptocurrency hedge fund that has attracted investment from many top venture capital firms despite largely shunning publicity since its inception in 2014. Metastable was co-founded by Angellist CEO, Naval Ravikant, cryptography expert, Lucas Ryan, and former angel investor, Joshua Seims.
Fortune has reported that Andreessen Horowitz, Sequoia Capital, Union Square Venture, Bessemer Venture Partners, and Founders Fund are among Metastable’s major investors – all of whom participated in Polychain Capital’s fundraiser earlier this year.
Metastable takes a long term perspective when assessing the markets, aiming to invest in projects that it expects will be profitable over the course of at least a decade. “There’s a handful of, say between five and 10 of these major use cases that could be trillion-dollar blockchains,” Seims told Fortune. “It’s all very long-term focused, and we think we’re in super early days right now. It really comes down to which do we think is the strong enough technology, that we think can win.”
Source : - https://news.bitcoin.com/secretive-cryptocurrency-hedge-fund-metastable-examined/
yes Jerry i am going to buy steem
Hello, jerrybanfield , I am a newbie and glad to meet you .Your article is an eye-opener for me , objectives, preciseness.I am learning english and using it to improve my spoken english,abilitly of writing.so,I wish to translate your article ,and get your authorization.looking forward to your repley. by the way ,I have voted for you,thank you a billion.best wisher for you.@jerrybanfield.
Hello, jerrybanfield , I am a newbie and glad to meet you .Your article is an eye-opener for me , objectives, preciseness.I am learning english and using it to improve my spoken english,abilitly of writing.so,I wish to translate your article ,and get your authorization.looking forward to your repley. by the way ,I have voted for you,thank you a billion.best wisher for you.@jerrybanfield.I am a chinese.
Wonderful thank you for reading!
Thank you for your reply. I am very happy.
been watching your videos on youtube... so you are working hard on converts... good to see... when I actually have something worthy to add... I'll shout out to you....
This is the best time to buy cryptocurrency, if you're looking for some guide that deals with buying crypto this might interest you