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.
It sounds like you are the one who is misinformed. Ignorance is not your friend, you should be sure of what you are saying before posting for others to see. Read all the TRX content before putting your limited knowledge assumptions out for everyone to read.
SecludedJ
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Looks like the TRX FOMO bots showed up on March 23.
VS29DragonFire
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@SecludedJ, Negative, as a matter of fact one of my analysis on Tron shows a possibility to retrace back down to roughly $0.0065 This is simply technical analysis, not the strong fundamentals that Tron has accumulated. If a company is doing all the right things, price will eventually follow. I set up my stop loss and buy orders like any good swing trader, as should anyone else. I am also not a fan of FOMO. FOMO is based on emotion, not facts.
BitcoinJesse
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New BitTorrent Live Streaming App Feature Set to Launch in 2019
Oh please, this is why TRON is such a good buy. People are completely and utterly clueless. An amazing purchase for investors doing real research.
SecludedJ
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Looks like the TRX FOMO bots showed up on March 23.
BitcoinJesse
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@SecludedJ, Half your post is about how Tron is monetizing BitTorrent to profit from intellectual property theft. No mention of a decentralized streaming service because that wouldn't fit your narrative. At least you were honest in asking "Well, what else is it used for?"
Yet, still a troll response even when the question was answered, "TRX FOMO bots showed up".
SecludedJ
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@BitcoinJesse, Just saying... this post has been up for 1.5 months, and both of you show up on the same day, 45 days after it has been on here. Also, the bullish move occurred during the BTT hype. All that hype has died down, and so has TRX.
BitcoinJesse
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@SecludedJ, That's how any user posted content site works, charts with new activity make it into the "hot" section of tradingview. I laughed hard at this chart and just knew when I checked your chart posting history there would be a bunch of butt hurt long predictions.