gsoop

new outlook - may not be great for TRX

BINANCE:TRXBTC   TRON / Bitcoin
Really not sure what to think here, maybe the asian news really hit hard. based off current chart readings we sit and wait not a good place to buy or sell atm

Comments

Do you think that there will be another panic dip? A lot of Traders are saying this is as low as it will go?
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gsoop Jmason222
@Jmason222, unless something new comes up regarding Tron, i highly doubt it.. this is my opinion. When price struggled to go higher or lower around Jan 9 i had already expected that this coin would fall, but it is also around the time that China has awarded Tron for it's technology, showing a huge backing of this coin. we all know the population of china is huge, this also means that the amount of users are in the masses of millions. i forgot the app, but there is a chinese version of netflix which they had partnered with and already with Peiwo. this coin can't drop any lower and if it does there's something that we as the public don't know
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Lots of price manipulation going on right now. As far as the price is concerned it is still LOW. You can still wait for the next big panic sell dip though
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gsoop mezase
@mezase, there is no reason why this coin should see anything lower than what we've seen thus far. based off technicals, one can say that we will expect a downtrend potentially towards 600, if not lower. now i'm not huge on fundamentals, nor am i a well seasoned trader, but as far as the news we've been hearing about Tron and their partnerships, i can't imagine this coin not being able to break it's all time high of ~2000.

Crypto currencies are too fresh for the general public, especially all these new coins everything at this time is skepticalism... no one really knows what kind of trends this coin reacts to. if you look at forex, there are several pairs that repeat the same reversals, same set ups time and time again.

it's all a waiting game from here
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mezase gsoop
@gsoop, ADA, XLM, XRP and TRX graph are practically identical. And ADA just broke out a few mins ago.
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gsoop mezase
@mezase, similar, yes, i agree but you can't go by that, the technology behind these coins are not for the same purpose. in my opinion the similarities are from traders like me, who have some sort of analytical knowledge trying to make a buck. especially with coins that are less than a dollar, it's very easy for investors to buy a large amount of coins in hopes for an explosion like bitcoin.

another opinion i have about XLM and XRP in particular is that these are relatively old, XLM came out with basically the same idea as XRP except XLM focuses on peer to peer transactions, as XRP is focused on big corps and banks. now, the whole idea of crypto was for anonymous and decentralized market, the reason why i think XRP will eventually be phased out is because once VERGE becomes more known and people actually do research about it, they will see that VERGE has the goal of what we all wanted from cryptos at the same time offering big corps to be involved as well due to it's option whether to be ghost or not.
i haven't really looked into cardano but i'm sure the same can be said.

so back to Tron lol this coin is for data storage of all sorts of media, guaranteed once the world realizes where this is going, i'm sure google will try to get in on it, as in, instead of provided google cloud, it's possible that they will convert to data storage on the blockchain. <- if this happens, keep in mind the amount of money google has and how many coins they would be able to purchase causing a huge huge increase in price.

HODL my friend, tron and verge are the future
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