Quote from: MysticMelody on August 23, 2018, 03:43:29 PM

I know it is somewhat controversial coin. Some love it some hate it. I personally like an IDEA. But as we all know "all good intention lead to hell"

Having said that, I am still thinking to invest small amount in eos coins.
Therefore, I am curious if EOS coin will depreciate further . At the present time it is trading around 4.5$ . However with a market going down. i THINk it will reach lower bottom of 1.5-2$ pc (per coin). what do you think?

Declaimer: I am new to crypto and I am still on a learning curve (but i have general understating of blockchain technology, "general" is a key word ). What I lack is understanding of how crypto market works . To apply usual stock market patterns is not working here (or at least they are NOT THAT reliable in my opinion )it is unbelievable how fast and volatile it is. (seriously "in a blink of an eye" would be a right expression here).

You cannot apply technical analysis to most coins because one of the things you need is a market big enough that is not subject to heavy manipulation and sometimes not even bitcoin fits that definition, that is why many prefer to trade the news, now about EOS, to me even if it sounds unpopular it is just another coin that has been pumped a lot, so I do not think it is a good idea to buy now.