rektkid

$EOS, $ETH and the grand Fibonacci sequence.

BITFINEX:EOSUSD   EOS / Dollar
Measuring fib extension of Ethereum in 2017 gives a really nice price map, with many interactions at key fib levels.

This is a 'grand fib' - it is simply the Fibonacci sequence integers.

As they have such similar charts, I am seeing whether or not EOS will have similar interactions with these key fib levels.

A note to those who say "Oh buy EOS has 10x the supply of ETH!" - The crypto market cap when ETH hit $300 was only $100bn. The crypto market cap when EOS hits $300 more likely to be $1tn.

There is 10x the supply, but there is also likely to be 10x the amount of money in crypto.


rektkid imfamousrajat
@imfamousrajat, Yeah, very binary...
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I like your AT. But you got completely wrong what I said, I indicated the count of 8x supply in your previous analysis for other (analysis wise) reason, but market cap is only estimation though. The reason is if we compare 18$ as ETH price to EOS we could also divide price of EOS by 8. Why? Because EOS price might growth in unrelated strength to ETH, why? because volume matter. Though scheme of bull run on ETH, BTC, GOLD etc is everywhere similar. I also believe crypto market cap will be up to 40$ trillion by 202X
+1 Reply
I agree there is a strong similarity between these coins, but remember ETHUSD's development was not isolated from the rest of crypto - it was influenced by many other changing factors, not least BTCUSD!
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you should compare them when eth had no product
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rektkid Doc-al-Citadel
@qdoc, did you know the EOS testnet can run Ethereum inside a single smart contract?
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@rektkid, if it hits your targets this year i'll go find john mcafee
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BarclayJames Doc-al-Citadel
@qdoc, buy it
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Doc-al-Citadel BarclayJames
@BarclayJames, here he is... Ok the emperor wants me to go look at some new clothes he's got first.
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BarclayJames Doc-al-Citadel
@qdoc, dont"t stare bro - I just think you need to see that the majority of this market is hype anyway - regardless of coin (or token ;))
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