Sir may question po ako regarding sa EOS long term trade nyo po. paano nyo po nasabi na magiging 100 USD sya? Halos 1 year po ang ICO period nya then napaka laki ng fund na gusto nya ma achieve. although maganda ang product at gusto nilang mangyari (blockchain scaling) pero hindi pa sya gumagana. puro public test palang wala pang running product.
Parang ang hirap naman po ata mag invest kung wala pa silang gumaganang product in commercial. Tapos yung EOS token ay nag rurun using ERC 20 din naman (Ethereum Platform). kaya anung special sa kanya?
good question sir and good thing na you want to know what is special sa kanya. so let me explain it from what i know and from my point of view. this may not be true and i dont guarantee any outcome from this token.
si bitcoin ay ang blockchain 1.0 then nakita natin na may problem sya sa scalability meaning it can only handle several transactions per period of time. hindi nya kaya sabayan ang bilis nila VISA at MASTERCARD sa pag process ng transactions. kaya kita naman natin na laging may backlog sa transactions. Because of this need to scale up here comes ethereum which is blockchain 2.0 to address the weakness of bitcoin in terms of scaling. Now ethereum can handle so many transactions and much much more than bitcoin and with added features like smart contract. Now by using this smart contract several platform were developed that runs on ethereum network. So imagine how ethereum address the problem of scalability that bitcoin failed to do and still trying to address it by implementing several forks or upgrades. one of which is the segwit and the upcoming lightning network. Now since mass adoption is coming and a lot of people are now going into cryptos and more and more new platforms are still coming to run on ethereum network, now we can see that even ethereum is having its scalability problem for ethereum network is now congested with transactions. scaling ethereum network to the next level is still in the planing stage, vitalik is looking to use shards technology to spread the load of the network to different network. its like having multiple universe within the universe according to him but this is still a plan and not sure if it will work.
so what is the role of EOS? EOS is the blockchain 3.0 which was designed to solve all this scaling problem which can handle up to millions of transactions compared to its predecessors bitcoin and ethereum. they already released EOS dawn 2.0 on time, and this is the testnet of EOS platform which the application developer can use to develop their decentalized application which will run on the EOS platform. EOS is different from the other two, one particular of which is that it is free to use EOS network and the user will not pay any fee to do transaction. if you sent tokens there is no need for you to pay for gas. its the same concept of using facebook for free. if you send coin using bitcoin or ethereum then you need to pay for gas, but if you will send using EOS then you dont need to pay for anything.
bakit mura pa si EOS ngayon? kasi nga nasa ICO stage pa sya pero nilabas na nila ang testnet so developer can use. so as we speak now several applications are now being developed to run on EOS and its a race to the finish line now. pag ilabas na nila ang mainnet sa June 2018 hindi na mura ang price ng EOS.
the man behind EOS is the same person who developed bitshare and steemit. these two are also known in the crypto world and they have changed the game as well in their intended application.
pano ko nasabi na magiging $100 sya? that amount is my personal target and i can say that it is still conservative. if it will kill ethereum then its better than ethereum and it can easily reached what the current price of ethereum. ethereum can go to as high as $1000 price with its current scalability then how much more for EOS which will handle millions of transactions per second.
I may not be correct on this, but who knows. right now what I can tell you a solid proof that EOS will bring me profit is that i have 1,000 EOS and I bought it in the early stage at $1, now the price of EOS is $7.8 (all time high at $8.7). i have seen and studied different coins based on my experience and most of the time is that im correct. I also used this skill of identifying coins movement for my trading and so far everything is good and working. This may not be true a few years from now for many things can change. But what i can guarantee is that i will continue to study and evolved on what will be available in the future in order for me to survive on what the future will bring to me.
Im not only investing in cryptos right now but im also investing to develop a small community like this so we can help each other in our own small ways.
Please take this as a grain of salt and not a financial advice. Always do your own research and seek for a second opinion. You will be investing your own money and not mine. Only invest the money that you are willing to loose.
Let me know if you still have some clarification.
Happy trading guys!
