An Honest Truth about TRX & skewed view of Bitchy Crypto TradersGood afternoon TradingView Family! LET'S GET THIS CHART INTO THE ALL TIME HIGH'S FOR TRX<3
Tron made a great run up :) I messaged my TG group to buy TRX sub 400 satoshi and anything between 350-300 is a solid long-term position = bottom of the market on the daily. Right now TRX is having a huge run up and I think this is a market reaction to being oversold. Total of 44% from buying bottoms. Obviously, it would be difficult to capture all of the current returns, I personally generated 10% from a one-day HODL, funds were in a BTC trade.
Right now the most important thing is market positioning. Trx should have a market pullback in its price and we can easily anticipate it to come back down towards the 410-360 satoshi levels. Again, everything is about perspective. TRX is poised for a great long term return because of several things.
1) Niche market (Applications & Gaming) - Mobile Market is to grow with Video Games anticipating to grow 270% to $189B by 2020 with of 55% of the global market comprised in gaming. Mind you E-Sports is now a thing and expected to grow. Most major Youtubers are gamers, however, we are seeing a shift now to reality idiots like Jake & Logan Paul. I see this as a HUGE opportunity. Any Tron naysayers are haters and blind, they will follow when the $$$ starts flowing in.
venturebeat.com
2) I believed and called Litecoin price action well before the market ever realized its full potential. Everyone called it a test net and a clone of BTC. All those haters disappeared when it went from $50 -> $100 then to $420 ATH. All price points I have called in my previous TA's and private groups. The reason why I can see this is because I INVEST in coins I believe in. I TRADE coins I can go long in. If you come from an investment perspective which I did for stocks (EA, TTWO, ATVI, AMD, NVDIA, FB, BABA, ACBFF, etc.) all of which were cheap in the $20's and all have hit 5-10x in a year. Its about seeing the opportunity and where the future resides.
3) Tron will survive because the target market is HUGE and will continue to grow + most app developments come out of China. It has strong leadership, albeit, Justin hasn't knocked the ball out of the park in its marketing department. BUTTTTT people were saying the same shit to Charlie Lee. The TRX team will continue to grow and if its something I know, Chinese people love respect and to save face. No wonder child of famed Jack Ma's will put his face on the global market only to fail and create a pump and dump project.
4) Be glad it's cheap! Because there is news coming along to feed this coin. It originally had a long-term goal set in stone. It wasn't like a lot of ICO's with get rich quick schemes. The has a 10-year plan. So why are we shooting for the moon when it's goal was a slow and steady development? I think it is the bane of crypto and human greed. Everyone here chases profits with highly unrealistic views of how real-world markets work. We are in the great frontier of financial wealth generation. So many people think there are get rich quick schemes when there isn't any. I have dealt with my fair share of "cryptoBabies" who cry about not being millionares and losing all of their $$$, on buying at ATH's, and thinking 10-5% profits are not good enough. Give the coin time to grow. I remember when everyone bashed on Netflix at $50, and it went as high as $800 in a year :P If you cannot handle the wait or patience then you do not deserve the profits.
Netflix Chart:
goo.gl
Everyone has claimed oh i wish i bought BTC back when it was $0.10 cents or $1000 now I can't. Should Have Would Have Could Have is the common language of followers. Visionaries can see the unpaved path and the hidden potentials.
Happy Hunting,
Reg
