I keep buying the dips and this coin burns me every time
. This coin is very good at dipping and making new lower lows beyond expectations
It may seem like those "lows" are dips, but that is because EOS was hyped and pumped from the beginning thus gaining an unnatural & unsustainable valuation that had to correct itself. And even now the price is too high in my opinion. It still can and probably will dip more when 0.5$ breaks. There is just too much inflation with this ICO model. And remember there will be no EOS blockchain for a long time, and there is no guarantee that there ever will be one. That adds a lot of risks to investors in addition to the high inflation.
Id' rather bet on Bitcoin, as it is still cheap considering what it can be worth in the future. Also OMG seems to be promising, especially after it dipped recently.
A good way to tell whether or not it hit a low is to always check the market depth chart for major walls and place your orders there. With this model it's best to spread out your buy orders over time and not buy all at once while repeating the same process I just mentioned.
I would have to disagree that $0.50 is too high for a few reasons. First, there are probably a lot of big investors that bought into the project from the very beginning and are holding for a very long time thus limiting the supply for others. Second, the volume is consistently extremely high even though the price has been going down. High volume means a lot of orders being placed. If you look at the market depth chart on Bitfinex, the walls are too high for the price to drop that fast. There will have to be enough people willing to sell for such a low price and fill those buy orders. And finally, this is a very ambitious project. It took years for Ethereum to take off and it still has problems. Waiting just one year (maybe less) for a blockchain to get released that's from the very start superior to Ethereum shouldn't be a problem, it give you more time to collect
. On top of that, they're already working with major companies and building their business before they have a product. Ethereum didn't do that until after the product was released and the word spread.
My suggestion, buy in small increments where there's strong buy support (again, look at market depth chart), keep your tokens in a separate wallet, and wait until the blockchain is deployed. If something goes wrong, you will see it in the market orders before the price even changes. People underestimate that chart, when in fact that's the first place they should look before considering to place an order.