I know there is a lot of hype around this project. And I rarely say "This project makes no sense and will not succeed.", with a strong bias.
But when we look at the pricing and where we have seen bounces, we can clearly see that there is a long ways down to go. We have not found any real support yet. The WEEKLY Stoch RSI has started it's fall. It's going down.
But beyond technical's and pricing...
Let's be completely realistic here.
We have a project that committed copyright infringement on it's white paper. It was a copy and paste from other projects.
They have also built a token (BTT) on a token (TRX), for a business model of monetizing copyright infringement, i.e. BitTorrent. People are going to make money to by sharing copyrighted files? That sounds like an exposure to an insane amount of risk. There are millions of people in the United States who have made a stand to say they are against the intellectual property theft from China, and support a trade war over it. Yet, will support a project that's business model, monetizing BitTorrent, is based on profiting from intellectual property theft?
One can argue "Yea, but BitTorrent isn't just used to share movies, music and software". Well, what else is it used for? Because I've been around the block for quite some time, and know people who still use it regularly, and the only things I've ever seen it used, and still used for, are to obtain copyrighted movies, music and software programs.
I see a very poor future for the TRX price.
But when we look at the pricing and where we have seen bounces, we can clearly see that there is a long ways down to go. We have not found any real support yet. The WEEKLY Stoch RSI has started it's fall. It's going down.
But beyond technical's and pricing...
Let's be completely realistic here.
We have a project that committed copyright infringement on it's white paper. It was a copy and paste from other projects.
They have also built a token (BTT) on a token (TRX), for a business model of monetizing copyright infringement, i.e. BitTorrent. People are going to make money to by sharing copyrighted files? That sounds like an exposure to an insane amount of risk. There are millions of people in the United States who have made a stand to say they are against the intellectual property theft from China, and support a trade war over it. Yet, will support a project that's business model, monetizing BitTorrent, is based on profiting from intellectual property theft?
One can argue "Yea, but BitTorrent isn't just used to share movies, music and software". Well, what else is it used for? Because I've been around the block for quite some time, and know people who still use it regularly, and the only things I've ever seen it used, and still used for, are to obtain copyrighted movies, music and software programs.
I see a very poor future for the TRX price.