I don’t remember exactly why I decided to jump in on EOS, maybe it was FOMO from the big run Veritaseum had, maybe it was learning about Larimer’s goals for the project. I installed an IP spoofer so that the EOS ico system would not block me for being a U.S. IP.
For those of you who don’t know, the ongoing ICO for EOS involved 200million tokens being sold the first day, then 2 million every day for another 300 days (long ico). I threw 2 ETH into the first round where 200,000,000 tokens were released and wound up with 500. I sold 100 immediately for 2ETH on Etherdelta. I had a few smaller buys in the following days where 1 million were auctioned, and as the price dropped, I decided to sell another 100 for 1 ETH on Kracken. This put me about even for all my buys.
I took my eye off of EOS (one of my first ICOs) and got in on a few others including Pillar, KickICO, and the Commodity Ad Network. While this was going on, the Chinese Government put a halt on ICO investing. Due the fact that EOS is technically an ICO, it became off-limits to Chinese buyers who are a sizeable portion of the ICO market. The price of EOS was about 0.47 cents so I bought another 1500.
I started to get more interested in EOS as the Ethereum network slowed under the massive weight of the many ICOs. I hoped the OMG token might do 30,000% like Cliff High predicted, having bought in after its first big run (I am still down on that one), and planned to take all profits in EOS instead of BTC and ETH. EOS had more than doubled in ETH, so I sold 500, thinking it would dip back down, I never got that chance.
EOS Rockets, Sputters, Rockets
One day I looked, and the 2 ETH I still had invested in my 1500 remaining tokens represented 20ETH. Now I was afafraid take proffits and wait for a dip, but that dip came, taking the total value of the 1500 tokens down to 10, then back to over 21.
My Projection for EOS - Why I don't want to risk selling the peaks
I believe that EOS will at bare minimum trade at parity with Ethereum on a market cap basis. It’s Dan Larimer’s baby: the project he wanted to do more than his two big successes. Unlike Ethereum, users do not have to pay for gas to power smart contracts. Where Ethereum is à la cart, EOS is all you can eat. Ethereum has a total of around 100 Million tokens, while EOS has 1 Billion. At equal market caps, that would dictate a ratio of EOS to ETH of 10 to 1.
If you missed Ethereum for 10-100 dollars, you can still get EOS for that range equivalent. This could happen as early as 4th Quarter 2018, when the ICO will have been over for almost 3 months and the product should be ready.
Tequila connoisseurs and Chumbas everywhere are increasingly being alarmed and given a case of the jitters at the prospect of a tequila shortage.
As Reuters reports via the NYPost (which was ripped by Maxim, what kind of fucking journalistic standards are these, buy a damn Reuters license, Maxim) the increasing demand for tequila over the past couple years has driven agave growers in Mexico to harvest plants ahead of schedule to fill demand in a climate of increasing debauchery. The premature harvesting of agave, the source plant that is fermented into the intoxicating cactus juice, only aggravates the problem as now newly cultivated plants will take time to mature to harvest readiness, almost guaranteeing a shortage.
In other words, they pushed out an impending shortage as long as possible, perhaps not considering the ultimate ramifications, or perhaps they did so knowing they were shooting themselves in the foot. Either way, their crop management obviously has problems. Maybe there aren't enough Mexicans in Mexico to work the agave fields because they're all over here in the US working in the salad fields and drinking up all the tequila after laboring 14 hours in the sun? Wouldn't that be ironic.
Furthermore, if the shortage is real and the price shoots up for a prolonged period of time, this may cause damage to the industry in the long term as people will just switch to Moscow Mules and Blood Mary's for their spirit imbibement, leaving behind their margarita's reluctantly but with short-lived regret because, let's face it, the other stuff will get you drunk all the same. (Well, not entirely, there is something...mmmm, special, about tequila :P)
Whatever the deal, whether an actual shortage is looming or this is just a concerted ploy by the Mexicans to goose the price and sale of tequila for some short term profits, Chumba is gonna beat the crowd and go in on a case, cuz he likes him some tequila.
You all can feel the fear in the air. VIX derivatives took a dump recently, Crypto's are in pain. Europe took a dump overnight as well. Exchanges are going off-line due to increased traffic and fear, basically DDoS'ing each other with their own subscribers.
Did you all for a second think this party was going to go on to eternity? What caught most of us off-guard was the fact that it happened in February. The timing was somewhat accurate though, if you follow the business cycle.
"CAPE" stands for Cyclically Adjusted Price-to-Earnings. The concept is similar to a current (or "trailing") P/E (see here), but with an important difference. In the case of CAPE, the "E" takes earnings for the past 10 years (specifically earnings per share, or EPS), adjusts each for inflation up to the present, and takes an average (arithmetic mean: adds them together and divides by 10).
While not quite exactly in the 10/20/30 year cycles most are accustomed to, keep in mind the mantra is different this time.
So what is significant about this time, or what correlates?
FED out of ammunition with a remaining large balance sheet, and trying to tighten
Many Sovereigns are invested in US marketplace
Bonds are at all time low, albeit a big higher from the bottom
High P/E ratios
Could we imagine this time that this time is no different from the market euphoria we experienced with hot money and large liquidity in that last 10 years?
What happens next?
PPT (Plunge Protection Teams) will step into place, world wide
Some derivatives blow up and liquidate
Tons of capital exterminated
While it feels to some of us like a correction, and not "the big one", surely many retail investors will get hurt which will put a damper on the market. Will the Bears come out and play now? Institutions already smelled this coming, BofA and many other already issued warnings.
But, perhaps, it is different this time.
Think about all the man (people) hours that had to go into grading tests before the scantron machine for multiple choice tests was invented and implemented. It saves literally millions of hours of man power per week. Or, think of all the real estate that had to go into saving hard-copy medical records, which can now fit on a hard drive the size of a pocket U.S. Constitution.
The point is that technological advancements should be making life cheaper and easier (especially Education and Healthcare), but it in fact has become more time consuming, expensive, and complicated. This is mostly due to the fact that government sticks its tentacles into things with subsidies and bureaucratic regulation as a form of social control and experimentation. Parasitic entities like insurance companies bid up the costs of healthcare to ridiculous unaffordable prices. Formal Institutional Education has become a subsidized black hole of unproductive nothingness. Corporations, while having the rights of a person, are soulless, greedy, and cumbersome. Everyone knows the frustration of trying to get customer service while talking to a phone recording. And if you do get a person, your request goes down a black hole.
Does it have to be this way? Is it intentional or just some coincidence? Most people over a few decades old and with a few brain cells acknowledge it, but no one seems to wonder why. It is this way because our globalist oligarchs are narcissistic control freaks, so it has to be this way. When O'Brien was "breaking" Winston in ‘Nineteen Eighty-four' he explained the purpose of their system.
O’Brien: How does one man assert his power over another, Winston?
Winston: By making him suffer:
O’Brien: Exactly. By making him suffer. Obedience is not enough. Unless he is suffering, how can you be sure that he is obeying your will and not his own? Power is in inflicting pain and humiliation. Power is in tearing human minds to pieces and putting them together again in new shapes of your own choosing. Do you begin to see, then, what kind of world we are creating? It is the exact opposite of the stupid hedonistic Utopias that the old reformers imagined. A world of fear and treachery and torment, a world of trampling and being trampled upon, a world which will grow not less but more merciless as it refines itself. Progress in our world will be progress toward more pain.
If you feel like you are overworked, over-stimulated, that your time is wasted, that everything is inefficient, and that you are metaphorically suffocating stuffed in a box, then, Congratulations! You are lucid. One cannot expect to escape his bars if he cannot see them.
It can seem confusing why people with so much money want more. The answer is that it’s not about them having more, it’s about us having less. Projecting people like Zuckerberg, Gates, and Bezos in the media is just another form of social conditioning to make you angry and jealous, and thus, your suffering (their power control mechanism) is increased. By the way, compared to the real “old money” in this world, those guys are nickel and dimers. Once one has enough money, then one has complete power and control over hiding one’s money. That is about the point when one attains temporary godhood at the cost of one’s eternal soul.
Hillary practiced being obnoxious in the mirror. She watched recordings of herself and made adjustments. Her purpose was to extract negative emotions out of you. Let’s face it, she did a great job. She’s a great actress. They feed off hatred because it fuels their control mechanisms. All these ridiculous “leftist snowflake stories” in the so called “alternative media” about airplane comfort animals and bearded-lady SJW freaks with all kinds of demands are just there to trigger the so-called “woke right.” The global oligarchs are hands-on and all powerful when it comes to media. If an outlet that doesn’t adhere to the construct gets too big, it gets silenced or forcibly modified.
The more time you focus on Hillary, the less time you have to focus on the real heroes: the standup men and women who work hard actually producing for a living (and no, flying halfway across the world to shoot people on camels and guard poppy fields is not productive). The more you hate, the less you love; and the more you suffer, the more their power grows. Please see my related article: Do the 'Proles' deserve 'Big Brother'
Furthermore, Hillary is not the problem. She is a symbolic projection of the problem. Railing against Hillary is like railing against an object, like a crucifix. You might as well get mad at a picture of a hammer because it won’t drive a nail.
“Art”: Andres Serranos’ Piss-Christ
It's difficult to avoid falling into the unproductive negativity trap. I still do it even though I know I'm doing it, but I'm getting better at avoiding it as I get older. Social conditioning habits take time and conscious effort to break.
I will leave you with a haunting and daunting quote from the from the 2003 Television docudrama "George Orwell - A Life in Pictures":
In our world there will be no emotions except fear, rage, triumph, and self-abasement. The sex instinct will be eradicated. We shall abolish the orgasm. There will be no loyalty, except loyalty toward the Party. But always there will be the intoxication of power. Always, at every moment, there will be the thrill of victory, the sensation of trampling on an enemy who is helpless. If you want a picture of the future, imagine a boot stamping on a human face-forever. The moral to be drawn from this dangerous nightmare situation is a simple one: Don’t let it happen. It depends on you.
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