Sirwin
Sirwin

Backing #EOS for a nice recovery.

By niallon11 | HIVE Blockchain | 18 Jan 2021


With crypto experiencing a slight bull run for the past couple of weeks and bitcoin driving the markets forward. It's a good time to play around with some profits and try to maximize them while the run lasts.

I have been buying and selling with some good and bad moves made already. Luckily there have been more good than bad and in the latter case it was selling a good coin too early. (Link and DOT). I thought the pump was finished but was obviously wrong as they have held up very well in the slight retracement a few days ago.
Anyway, it is just a case of opportunity missed but the run has been very good so far and there is more profit to be made before it ends.

The plan on my side has been very straight forward. After selling some long term investments of ETH and Bitcoin near the top. I have moved that into coins which have a real use case and a strong community behind them.

The lessons learned from the last bull run have left me a lot more cautious and trying to avoid backing shitcoins in the hope of a large pump. I would much rather back solid projects that can be held for a few years if the markets do disintegrate as fast as last time.

So far I have been backing some of the top coins on @coingecko and when they get a good run behind them I have been trying to take some profits at the top and move those into other solid coins to spread the risk and opportunity. Unlike the last bull run this one seems to be far more focused on defi and recognized coins so far but I'm sure that will change as people keep moving the money further down the chain to try and pump a few low market cap coins.




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My next buy is a calculated risk as EOS is a very well established name in crypto with a lot of development and a solid community behind it. It has lasting power and has attracted large scale investment in the past. There isn't a huge amount to show for this over the past couple of years but with the price taking a sharp dip after the resignation of @dan i think it's an opportunity to make at least a handy 50% gain from a long established project.

The fear is obviously out there that the project will lose direction with his resignation but I think that he is more of a visionary than a project leader. He sees the end result but somebody else will need to follow through on it.

I have worked with Brendan and block.one for the past 4 years and am proud of the EOSIO software I was able to create and launch with the help of an extremely talented group of engineers. Alas, all good things must come to an end. As of December 31, 2020 I have resigned my position as CTO of block.one.
I will continue on my mission to create free market, voluntary solutions for securing life, liberty, property, and justice for all. I do not know exactly what is next, but I am leaning toward building more censorship resistant technologies. I have come to believe that you cannot provide “liberty as a service” and therefore I will focus my attention on creating tools that people can use to secure their own freedom.
I wish block.one the best with their future endeavors.
Ref: My resignation

I took the chance on 1000 EOS at $2.78 and would love to see it hit at least $5 in the next couple of weeks.

As you can see from the chart above, the price was flirting with $4 before his news hit hard and it dropped to $2.50 but i think that it would have reached the $5 mark no problem in the current market and once the dust has settled that people will want to get back into the EOS token for it's potential and reputation.

When people are looking for top ranked tokens to invest into over the next couple of weeks then EOS will surely make some nice gains from it.

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niallon11
niallon11

Blogger and promoter of the HIVE blockchain. Follow me at https://peakd.com/@niallon11 or on twitter at https://twitter.com/niallon11


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