TRON / BitcoinLong
Blood in the streets! It's buy time.
Updated
Cryptoland has been brought back to reality.
I'm in buying mode.
Fundamental
Tron has never been my favorite coin, as some of you may now. I believe this is the first time I am touching it, atleast for more than a day.
I don't know that much about Tron, and I have always felt it was overvalued. Though I still think its overvalued and would have liked to get a better entry, I believe today is a good day to buy TRX.
I am looking to double the money I put in here, and get out.
So therefore I'm rather gonna write about the overall market in this idea, because that's the reason I am purchasing some TRX today, not the coin itself.
And the overall market has been bad. The marketcap of cryptoland has been sliced in half!
I did not see it coming the way it did, but it's far from surprising. We have had constant gains across the board for a year, with only minor corrections.
Nothing continues to go up forever, and we have been brought back to reality.
Some of you might wonder why I have stayed bullish all the way through this crash, and never sold out anything.
If you are a member of Koinworld you may have seen that I bought a house just recently. And this is the reason for the permabull in me.
I took out 80% of my cryptoholdings, and put the rest in a 20 coin portfolio with no cash reserve. When I did so, I also decided to always stay bull with the portfolio. Always hold 20 coins.
So I got really lucky this time, but I would like to note that I would have done things completely different the last months if I still had 100% of my cryptomoney.
Anyways, so, where are we going from here?
I think we are finished with the crash (or atleast not far from it), so today I have injected some capital and picking up 5 coins on firesale!
TRX is one, and I'll post the other 4 for Koinworld members.
There is never any guarantees, but I can assure you that today we are getting some good risk/reward buys :)
Buy when there's blood in the streets.
I'll try to get some of my trade ideas updated today as well :)
I'm in buying mode.
Fundamental
Tron has never been my favorite coin, as some of you may now. I believe this is the first time I am touching it, atleast for more than a day.
I don't know that much about Tron, and I have always felt it was overvalued. Though I still think its overvalued and would have liked to get a better entry, I believe today is a good day to buy TRX.
I am looking to double the money I put in here, and get out.
So therefore I'm rather gonna write about the overall market in this idea, because that's the reason I am purchasing some TRX today, not the coin itself.
And the overall market has been bad. The marketcap of cryptoland has been sliced in half!
I did not see it coming the way it did, but it's far from surprising. We have had constant gains across the board for a year, with only minor corrections.
Nothing continues to go up forever, and we have been brought back to reality.
Some of you might wonder why I have stayed bullish all the way through this crash, and never sold out anything.
If you are a member of Koinworld you may have seen that I bought a house just recently. And this is the reason for the permabull in me.
I took out 80% of my cryptoholdings, and put the rest in a 20 coin portfolio with no cash reserve. When I did so, I also decided to always stay bull with the portfolio. Always hold 20 coins.
So I got really lucky this time, but I would like to note that I would have done things completely different the last months if I still had 100% of my cryptomoney.
Anyways, so, where are we going from here?
I think we are finished with the crash (or atleast not far from it), so today I have injected some capital and picking up 5 coins on firesale!
TRX is one, and I'll post the other 4 for Koinworld members.
There is never any guarantees, but I can assure you that today we are getting some good risk/reward buys :)
Buy when there's blood in the streets.
I'll try to get some of my trade ideas updated today as well :)
Note
There we go :)Note
Tron is the big winner today! Doubled against the dollar :)Still some room for profit I believe, but selling out on a 100% gain for the day is never a dumb thing!
Note
Tron looking ready to pop! Let's see what happens this weekHave increased my target area a bit :)
Note
It did not! Want to get out of TRX, preferably in the green:Note
Just sold TRX at 0.0515 USD. Barely in the green, up 3%.Not that into it, should have sold when it doubled. Live to learn :)
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