People did not learn from Bitshares, or from Steem (Both co-founded and then left by Larimer), why should it be different this time. I still feel bad for the noobs who got talked into EOS, but not for the people who sold it as the "ETH killer".
So, EOS raises 4 billion dollars, which was developing a game changing big secret project called "Voice". Then we find out that Voice has nothing to do with the EOS network. When ask what he is doing for EOS, Dan responded with "I just build tech" all the while they were swapping coins from the ICO for BTC (worth billions). He now exists on a bull cycle to pursue " building more censorship resistant technologies ". More like rats jumping off a sinking ship.
I can only assume he is building yet another scam coin. Well that is enough from me, I will sell my onion bags and I will never touch another toxic project from Dan again or support him in anyway.
I was huge fan of EOS but fortunately I dumped it right away after mainnet launch in 2018. As soon as I saw fiasco with governance when bunch of people took money from ICO and run away, I knew something is wrong. They all knew it's crap.
Back in 2017/18 many have warned us he will dump EOS. Oh boy ... I wish I could travel back in time and show this to people on reddit.
Read my other posts. I am still up 10% (prob closer to 14%) and sold the minute i found out this guy resigned. I saw this going to $5.6 based on my analysis.
Either way I probably make more than you on 1 trade than your entire portfolio is worth. Hahaha
I never thought he was a hero. Lol Ive been invested for a week and it was because the chart was bullish. My suspicions were right as it went up 40% from my entry. Still got out at 10%, that is fine for me
This!! A million times this!! I had been waiting all weekend for the last of my EOS to unstake this morning and went to bed last night looking at a decent $3.85. I was not expecting to wake up to this bloodbath. Only thing I can hope for is that I'll make this loss back (and then some) when I put the proceeds into ADA.
So long, EOS. It's been real, it's been fun, but it hasn't been real fun...
don't sell here mate. put some stop loss, and wait bit more. This drop was a real possibility on charts with or without the news. 1day and longer timeframes are still very bullish. If we survive through today, there might be some great gains on eos soon. I think we've just finished or are finishing the wave 2 of 3rd wave. There is nothing better than wave 3 of 3 if I'm right.
I don't disagree with your short term analysis, but this is it for me. I'm 100% done. I simply don't believe in this platform anymore, and I'd rather park my money on a different blockchain and take my returns from there. Good luck to you, though. I hope you're right and you get a nice little return over the next few days.
The worst part for me here is that Blumer just doesn't give a shit. Anyone with half decency and empathy for all people that made him filthy rich, would already had a post uploaded somewhere, to bring some piece to eos investors, rest them assure things are going well in the back with or without Larimer. To calm down the market and try to stop further dumps. But he just couldn't care less.
Dan once made a promise to the EOS Community, that EOS was the Blockchain that he can build Amazing sensor resistant Dapps. That it was powerful and expansible to achieve this. And that's it. No more abandoning projects.
Is that what he's going to do? Not sure, but EOS has been quite active, with highly innovative wallets and interaction. And with lots of clever Dapps built by the community.
That said, B1 and Dan being quiet for years caused a lot of speculation that painted a negative picture about EOS.
Interacting with EOS Dapps versus say Ethereum Dapps is like Night to Day. EOS is IMO far superior.
Dan is being very diss honest if he leaves EOS. Nobody will ever take the man seriously anymore, despite him being a genious and a visionary.
I still believe in EOS, the tech is just one of the best in this space based on my many years of interacting with Block Producers, Wallets, Dapps, and the like.
Its just too bad Dan had to leave like this, because his vision of Censorship Resistance he wanted for EOS is not the way Block One is moving forward. I mean can we really do things without some sort of "Regulation"? I don't think so.
Dan did promise he would build amazing Dapps on EOS mainchain for +10 years. He abandoned that promise unfortunately. I wish I had his exact words for you lol
Oh well, I'll hold a small bag just in case, and see where this takes us.
it's million dollar question. When I look at charts, anything above 4-6 hours timeframes, it's still strongly bullish sight. But perception is everything in crypto and this news haven't added one iota of good one to eos. I am worried if it will stop the strong bullish momentum that was just starting.