EOS - Why I Dont Buy These Old Coins

7 thg 7, 2022

Chart request for maverick1239

EOS is a good example of a chart I want nothing to do with and i'll briefly explain why.

I have overlaid BTC and so you can see the compared performance.

Imo a good alt should easily outperform BTC.

If it is not then you are taking on more risk for less return.

EOS was only a good name to be long from 23 Oct - 9 Jan.

It took 9 weeks to go from the low to the BC Buying Climax and then there was a slightly high high after a big drop but it was effectively finished at BC.

So it was only good to hold for 9 weeks out of 5 years!

Thats not good odds, and not a good record.

And if you look at the overlaid chart, BTC (a.k.a The Lorry) has been up 250% since 2017 highs and it now sits at the 2017 top.

If EOS was to be equal with BTC now it would be up at UT.

But in all this time EOS has been range bound of those 9 weeks and has now fallen below 2020 low and below and getting close to ATL.

So EOS similar to other old names - XRP, BCH, XLM, DASH did not have a 2021 bull market. It was volatile but it was a retracement in a downtrend.

EOS has been in a downtrend since 2018.

And thats not what I want to buy.

Not advice.