What May Happen With Tron, Safe Long, Fundamentals
Updated
There's something about TRXETH that makes me very excited about the near future but also skeptical. I'm just going to post various scenarios for the next couple days to weeks before the MainNet Launch. Many people have been looking for a meteoric rise for the weekend but in reality, many traders are looking for a quick flip this coming Saturday. I think that many people are blindly hoping that the price will rise 50-100% this weekend but at the same time are looking to sell their own share. A problem I find with this idea is that if you are thinking that, then many others are probably thinking the same as you and are looking to sell. Another thing that people might not understand is that THIS IS A TEST-NET. It can't be stressed enough that INSTITUTIONAL INVESTORS and the MARKET as a whole has not yet forgotten about December and the fall we all sustained because people called TRXETH Vaporware. Even though I don't believe this, I think it could take until we see May 31 for there to be a MASSIVE rise in price. It would also be in May that I assume the entire market will hopefully start picking up which would be very good for TRXETH as well. Because there may not be a meteoric rise, there could cause a short-term sell-off in TRXETH if market expectations are not reached. Other than that, however, if the market does go up 50% and then subsequently drops 25-30% I would consider that a very good outcome for our long-term view, namely May 31.
Secondly, during the month of April and the beginning of May we may run sideways with no clear path, given that the hype will have subsided until people coming really looking at TRXETH for the May 31st SEPARATION (thank god) from ETH and a REAL launch of the crypto-currencies USE. Personally, I can't wait for May 31 because it will be the day I could look at the FUDsters and just give them a big FUCK YOU. But anyways, I think that non-substantial news of failures or bugs but also of successes and practicality issues will be expressed on TRX's BETA code which could lead to some wild ups and downs. Another Worst case scenario would be experts coming out and straight up saying the code is garbage. Another bad thing would be if there is obvious plagiarism in the code with NO CLEAR CITATION. I know how coding works and I know that hackers usually take code from the internet because it's useful to not re-write whats already been written. However, I'm sure that the TRXETH team is very aware of this and their previous mistakes and will do well to cite their work.
Side note, I'm not great with charts but for a long time I feel like I'm seeing a big cup and handle forming but I think we may need to see more volume on the upside for that.
Anyways, this has been your humble review of a great coin.
Comment for a constructive conversation.
Secondly, during the month of April and the beginning of May we may run sideways with no clear path, given that the hype will have subsided until people coming really looking at TRXETH for the May 31st SEPARATION (thank god) from ETH and a REAL launch of the crypto-currencies USE. Personally, I can't wait for May 31 because it will be the day I could look at the FUDsters and just give them a big FUCK YOU. But anyways, I think that non-substantial news of failures or bugs but also of successes and practicality issues will be expressed on TRX's BETA code which could lead to some wild ups and downs. Another Worst case scenario would be experts coming out and straight up saying the code is garbage. Another bad thing would be if there is obvious plagiarism in the code with NO CLEAR CITATION. I know how coding works and I know that hackers usually take code from the internet because it's useful to not re-write whats already been written. However, I'm sure that the TRXETH team is very aware of this and their previous mistakes and will do well to cite their work.
Side note, I'm not great with charts but for a long time I feel like I'm seeing a big cup and handle forming but I think we may need to see more volume on the upside for that.
Anyways, this has been your humble review of a great coin.
Comment for a constructive conversation.
Note
Another thing that I tried to mention but wasn't able to edit quickly enough is the issue of volume. In my post, I write about how Institutional Investors may not invest in TRXETH until they see a successful MainNet release, however, this DOES NOT mean no big investments will be made. With Coin Burn also being released with the release of the TestNet, there is another reason for money to flow into TRXETH. I believe this because, lest we all forget, one of the biggest reasons we saw such a major drop from our ATH was because of the enormous circulating supply we had on the market. Thus, I believe that the release of Coin Burn is a monster of its own and that Institutional Investors will start eyeing TRXETH as a solid long-term investment, if they haven't already. I also believe that the Coin Burning process, namely the methods in which the coins get burned, will be fine and pragmatic because seeing as Justin Sun previously worked for Ripple, he should know how to implement a proper system.
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