it is gambling, its not stocks
Cheery bye!
it is gambling, its not stocks
What I've done is based on economics and technical analysis. All knowledge.
It's known when supply rises the price drops. That was the case for Binance. I knew there would be an additional spike when Binance opened back up, and I knew there would be a flood of cryptocurrency coming into the space.
- World's largest exchange was down. = Cryptocurrency started moving upward because trading it became more scarce. Supply demand.
- This followed up on the April 1st event when a Russian investor bought up 60 million in BTC and pumped the price. ( This including the scarcity of cryptocurrency in the market is a dual layer on top of the underlying economics for market correction. The price will pump 100% plus fear of missing out. )
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It's a gamble if you don't pay attention to what's happening in the space. This also goes for the stock market.
Tron TRX is pumping.
So is Tron's BitTorrent token.
When things like this happen, it's expected to crash shortly after
In regards to trading on Binance, always make sure to refresh the screen, or punch in your asking price. Not doing this will cause the user to buy at the price the page opened on, it could be for more or less depending if the user sat around for awhile.
In the image below there is a sell order for 1 BTC. There I was able to fix the price, so as soon as BTC hits that price, it will go poof.
On the other hand I can easily sell it at it's current price but that would be a $70 loss. Also that chart is set for the BTT token, which I have to admit, I already missed out on.
This is not natural so it's wiser to leave it at this point. Or... If one does buy now ( since this pump is only 1 hour in ) then....
- Watch it for when it reaches a profit margin from where you bought in
- Create a safe sell order ( Same way I have that BTC chilling there )
- As it rises, cancel current sell order and increase the sell order.
To be honest this method is in theory as I've yet to do automatic sell orders for crashing prices. I just know it works on the way up. That being said selling for cheap will most likely make the coin vanish so...
- Disregard creating sell orders for crashing, and just do it manually.
I forgot to mention. BTT just smashed it's all time high.
The one thing that worries me is the volume of existing BTT tokens, which is just 10 billion short of 1 trillion.
However, the circulating supply is a more reasonable 212,116,500,000 meaning it can test the tides then burn away the locked supply which would scale it's supply for better value.
Pricing. Launched in January this year, it came out around $0.000516
May 12, 2019 = $0.000644
May 26, 2019 = $0.0013700 ( current pump price on live trading )
That's above 50% in gains. In June it will be a good idea to hold this coin cause that's when it goes live on the BitTorrent network.
Basically BTT's purpose is to spread mass adoption. Seeding on the BitTorrent platform will earn the seeder BTT. How much ? Don't know, but surely the more we seed, the more we make.
Also. The coin will be utilized on the network for faster speeds. A user can speed up a download using the BTT token.
In general this coin will strengthen the BitTorrent network as it will incentivize users to seed more.
Will it hit 1 cent ? If it does that will turn every invested $1 into $10.
It's hard for me to imagine this token tanking at this point. BitTorrent has over 100 million users at any given time, and bags will be created for them with "how to" instructions on how to use cryptocurrency. June will be interesting.
Sc is pretty boring.
TRX down $0.038 from 4 cents.
Today's news. Justin Sun is the winner of a charity lunch with Warren Buffet.
Every time Justin makes an announcement we see a price surge for TRX. This news is just in as TRX has been outperforming the top coins for the past few days. It's likely we'll see TRX spike just on this news today.
On the other hand Warren Buffet has expressed his disdain for Bitcoin and cryptocurrency so this pairing probably won't be very eventful.
Justin Sun said:"I officially announce I’ve won the record-setting 20th-anniversary charity lunch hosted by @WarrenBuffett. I’ll also invite #blockchain industry leaders to meet with a titan of investment. I hope this benefits everyone. #TRON #TRX #BTT #BitTorrent"
Justin Sun inviting blockchain industry leaders ?
This would be....
- CZ of Binance ( crypto billionaire )
- Vitalik Buterin of Ethereum ( Holds 365,000 Ether. Also is known to but heads with Justin so this would be epic )
- Roger Ver of Bitcoin Cash ( est. Net worth $400,000,000 )
- Craig Wright of Bitcoin Satoshi Vision ? ( Meh.... Probably not. Him and Roger's feud would ruin the event, plus he's widely despised for not proving his claims to be The Satosh )
- Chris Larsen of XRP ( Before the market crash of 2018 this Ripple co-founder was the richest man in the world for a short time )
- Jack Ma of Alibaba ( Though Alibaba doesn't confirm any alliance with any cryptocurrencies, they hold a record breaking 45 patents for blockchain technology as they are a believer in the power of blockchain.
- Zuckerburg of Facebook ..... ( Surprised ? Mark plans on releasing Global Coin in 2020, a stable coin backed by the USD, so might as well invite his ass too )
Justin Sun knows the success of other coins is important for the space so he'll probably bring the Monero's and LTC and Dash and ADA and all of them. Millionaires and Billionaires in a growing industry to meet Warren.
Like damn.... This is billionaire fomo... Mike Novogratz will probably ask if he can attend just to rub auras, Mark Cuban would want a piece of this considering he accepts Bitcoin payments. I think Bill Gates will smell what's cooking which is possibly a Warren Buffet intervention LOL, but interesting none the less. Bill is also a friend of Warren's and if this turns into a business success show, Bill himself might get turned on and bring cryptocurrency to Windows and Xbox.
- JP Morgan would want a piece of this, as they are the first bank to create their own cryptocurrency using the Ethereum blockchain. Tron will say come and join us.
Or..... It could be just Justin Sun kissing the ring and getting a pat on the head, while Tron will make Justin Sun one of the richest people on the visible list.
Best guess tomorrow TRX will be the #1 trending cryptocurrency again.
BTC crashes after a whale dumped 25,000 BTC ( Currently $7814 and moving down slowly )
The move was 215 million dollars. The Whale then bought back the same amount of Bitcoin at a lower price and pocketed 15 million. Sweet.
This creates a blockage where a lot of traders will hold and wait for the price to rise back. Then many well sell at a profit or at a break even point, while some will brave out the bearish trend and continue to trade in an effort to either redeem themselves or carry on with their daily profits by selling the highs and buying dips.
Of course the entire market went down with Bitcoin, but this also unveiled the state of the coins.
TRX is holding strong at $0.035 with lows of $0.033. In short TRX current price is staying where it was when BTC was 8.5k USD. After the market correction, TRX will see 0.045 easy. On a personal note I'm anticipating BTC crashing more toward 6k, whatever TRX falls to by that point I'll get. ( I do not advise selling TRX at this point if holding it, cause it might not fall lower, or, you might not buy the bottom before the spike )
Justin Sun on CNBC Squak Box
He already invited CZ while his response was "I can't go, it's too far" but he did recommend Justin 7 people to bring along.
Sun is a master promoter, it was him that put XRP on the map, and now he has the mainstreams attention. This stunt will push adoption into crypto. Almost every day I'm shouting at the TV when watching Fast Money telling them to say Tron, but they do not. Only once it was mentioned.
In the end, it's okay if Warren gives crypto the thumbs down, so far it's a job well done and other investors will emerge from the shadows. 4.5 million for lunch paid for in crypto is not a joke. Maybe they will finally start paying more attention to TRX while it's on the rise. If they don't it could hurt CNBC's reputation as business news, as 2 of their panel hosts are penny stock millionaires.
If Warren gives the thumbs up.... That would influence old money to invest in crypto, and that would most likely cause companies to emerge that will handle cryptocurrency for people for a fee so more people can buy and sell. I can see Warren getting his feet wet then going ape shit with pumping the living shit out of the market and becoming richer than Jeff Bezos in a few days, then other top billionaires will follow and this would put BTC at insanely unheard of prices causing the entire space to boom. Not to mention the existing market.