Oldfag tip of the day. Actievley trading crypto since 2013
EOS daily round is finishing in 2h (I won't be speaking of the «fundamentals of this scam here, just daytrading opportunities)
At the moment, only 16k ETH were collected, it means that ETH buyers are getting EOS tokens for 1,95$ / 0,00074 BTC
Market price is twice as high (overvalued)
Since it's well known that EOS is at the moment a vapourware, you have to know that you are not investing but gambling on this one. If you hold a bag of this shit, I advise you to lighten it a bit before the end of the round, while keeping a close eye on the ETH collected.
> 15k = $1,86/EOS
> 20k = $2,48/EOS
> 25k = $3,10/EOS
>30k = $3,72/EOS
You can always buy later if you want a bag of this shitcoin
If you can short this piece of shit, now might be the right moment (AFAIK I can't on kraken, but maybe on bitfinex?)
Do not short if ETH collected reaches 30k. It does not guarantee that the price will climb but it will become too risky.
Tips Chancoin only:CdstYiGcsnejpkaFfwFRTDTwAKW8A8Hus3
Big buyers arrived on this round
23592 - $2,94
Meanwhile, price on market has tanked to adjust.
Keeping a close eye on this one
>>2701619
Same here man, hodling since $1.43
I advise we make our EOS discord, will post a link
I made a mistake in my calculations, prices are these
> 15k = $2.12/EOS
> 20k = $2.83/EOS
> 25k = $3.54/EOS
>30k = $4.25/EOS
Currently 24158 ETH are collected
That's $3,42 /EOS
Currently $3,73 on the market.
Spread is too narrow to predit anything, and since some ETH could arrive til the end of the round, no real arbitrage could be done.
Beware of the dump if market price is above round price at the end of the daily sale.
I made some nice profits daytrading EOS yesterday, but I actually pulled out last night. It's a bit too high risk for me.
update:
prices are aligning
> current round : 25490 ETH = $3,61/EOS = 0,00138 BTC/EOS
Market prices are more or less the same
Looks like the ICOtards have learned their lesson and are not paying an insane price like yesterday
EOS is really playing their scam well. I wouldn't be surprised if they push the proce in the morning to attract ETH before the end of the round.
For tommorrow, it might be a nice idea to ride this quick pump (happening 2/3 hours before the end of the round)
For the rest of the day, I can't tell if will go up and down so my adivce would be to stay away for the moment
>>2702081
Well, logically speaking it has such a high inflation rate and so few to show for compared to coins with a similar market cap that it should go down. But a speculators market can also run on hype instead of logic. And EOS has some proper pre-release hype.
info for tomorrow
Pre pum seems to happen between 6:00 and 7:30 GMT
Dumping has started, probably the devs cashing out their fake volume
see you tomorrow @ 6 GMT for more adventures
>>2702134
see ya tomorrow, sold my bags, hopefully you are right.
>>2702194
Well done anon, price is tanking
Glad I sold my bags of EOS too
>Eos
Bancor-tier scam. It can literally crash down at any moment since it's build on a huge bag of nothing that keep being inflated.
>>2702700
It's a day trading thread, faggot.
Of course it's a scam, like 99,99% of everything here.