As if there is a ghost in the market, every time you think you see hope, it falls; and when you are left with only despair, it sympathetically gives you hope. BCH is like that. Out of the obsession that it was only a matter of time before it broke through to a new all-time high, I chose to silently endure the pain caused by the violent fluctuations in currency prices. But there is also a good side, that is, my mental endurance has been greatly improved. Therefore, I am less likely to choose to go to extremes because of misfortune in life. Even if possible, I will be much more cautious.
2018 was a nasty year. There were always more downturns than upturns, and there were countless sideways swings during this period. I, like everyone else, was struggling to stay afloat on the residual heat of the bull market. The strange thing is that even so, we always firmly believe that the darkness will eventually fade away and the dawn will eventually come. This shows that there is also a ghost in our thoughts. This ghost only said one sentence to us, and it said it repeatedly: leave the scene. But even though it is a ghost, it is difficult to judge whether it is good or bad. Because there seems to be nothing wrong with not being satisfied with the current income, and there is nothing wrong with waiting for the return of capital. In particular, the market enthusiasm brought about by the upcoming launch of the EOS mainnet makes us believe that the market may recover quickly at any time.
In a certain month last year, I heard the voice of "subverting Ethereum" for the second time. The last challenger was NEO, and this time it is EOS. Although NEO's thousand-fold increase has shaken my position on "Ethereum is invincible", I still believe that EOS will not be the force that overthrows Ethereum. How could Ethereum, which dominated the crazy bull market in 2017 and has a huge market capitalization of tens of billions of dollars, be easily surpassed? In my eyes, apart from Bitcoin, the only one that can surpass Ethereum is itself.
However, although I do not agree that EOS can surpass Ethereum, it does not mean that I will also deny it in trading. Because the lesson NEO taught me is still fresh in my memory, and I still remember Li, who held wrong views but still made a huge fortune. I know very well that acting entirely according to my own opinions and not paying attention to market feedback is not a habit that a qualified trader should have.
At the beginning, I asked people in multiple communities what they thought of EOS. Most of the responses I received were positive. They were keen to show their holdings and expressed their opinions on the future development of EOS, but there was a lack of content I wanted to see. , which is a systematic introduction to the EOS project. Later, I decided to search online. I read about three or two articles introducing the project, and each article introduced EOS in almost every detail, as well as its origins and the founders behind it. This gave me a clearer understanding of EOS.
To my surprise, the founder of EOS, Daniel Larimer (people like to call him BM), actually had contact and communication with Satoshi Nakamoto on the BitcoinTalk forum. Although he was ridiculed by people for complaining about the slow confirmation speed and high transaction costs of Bitcoin transactions, and was retorted by Satoshi Nakamoto, "If you can't understand, forget it, I don't have time to deal with you." However, his development talents have been recognized Highly recognized. Before the birth of EOS, this person had developed two projects, namely the world's first decentralized exchange-BitShares (Chinese name BitShares), and the first blockchain social media platform-Steemit ( Chinese name is Stim). Although these projects have lost their glory, they were all groundbreaking at the time, which also allowed BM to accumulate a certain reputation in the industry. EOS is his third project. Unlike the first two projects, EOS has not only been recognized by the community and industry, but also by capital.
Starting in June 2017, EOS conducted a year-long ICO financing, which did not end until June 2018. It has raised a total of US$4.2 billion, the largest amount of financing in the history of the blockchain industry. If compared with IPOs of technology companies in the global stock market, EOS's financing scale ranks among the top three in history, 2.5 times that of Google's IPO financing that year and 2.3 times that of Twitter. The heat is so high that it can be said to be unprecedented and unprecedented.
The financing method of releasing tokens during ICO (using an auction mechanism) allows the tokens to be released before the financing is completed, allowing them to be circulated and traded in the market. At the beginning of April, the price of EOS was only $5. By the end of April, the price had risen to $21, setting a new record high again. During the same period, tokens such as BTC, ETH, XRP, and BCH were all far below their all-time high prices. They had to rise by 110%, 100%, 330%, and 180% respectively to return to their all-time highs. At this time, the circulating market value of EOS has reached 17 billion US dollars, surpassing LTC and NEO, and ranking fifth in the market value rankings.
Somewhere in my ear, there seemed to be a powerful voice telling me: EOS may be the force that overthrows Ethereum. Almost immediately, I thought of my friends.
Duan said it’s not too late to buy now, Li said he had heavily invested in EOS two months ago, Zhao said he would buy it when the mainnet went live, and Zhang said EOS was his first shot back in the currency circle. In fact, I had already made up my mind before asking them, and their affirmation was just repeating what I felt.
At 8:10 pm on May 6, 2018, I pressed the buy button for EOS, and just a minute ago, I pressed the sell button for BCH. My cost price is $17 and my position is 95,800 pieces. I have no intention of calculating how much I have lost on BCH, because a new journey has already begun.
