Hello! Everybody asking, when TRX stat to move... Check this to get the point: We have there similar Pattern, and similar flat moving price, and then BOOM! Hope yall got it Good luck! Fell free to ask, I'm reading every commentary
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Investors wants to buy cheap TRON, if you in huge loss, think, and use capital management
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Investors wants to buy cheap TRON, if you in huge loss, think, and use capital management. Market Emotions Cycle:
The reason why we are experiencing 2 back to back red days leading up to the biggest 9 weeks of conferences in blockchain history. Within 2 weeks we have the North American BTC Conference, in Miami, and that same week the London Blockchain Summit. The market should be as bullish as ever (and will be in 2-3 days if not tomorrow). However, what is going on right now? There are 2 major events impacting blockchain negatively in Asia right now. There is a “lockout” of sorts in South Korea as they get their regulation in order and taxation underway. This caused a minor panic in the Korean market. This was the main factor contributing to yesterday’s red day, the Korean’s trade more than anyone and now they are in a holding pattern until Jan 20th. However, once their trading opens back up fully between now and then there should be an exponential price increase in all alts. The second issue impacting the markets is China hinting at regulating BTC mining. This doesn’t surprise me as most countries with a very low cost of electricity ban BTC mining. However, these two pieces of news, which will be resolved shortly, dramatically impacted the value of BTC and alts over the last two days
thebumtrader
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@Samujjal, Hi there! Thanks for this info, but can you site your source please? It would be greatly appreciated. Thanks!
A.C.
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Ok, first I would like to thank a.shevelev002 for sharing and helping to other to understand the market and potentially make money, if you're a smart investor. Also, I would like to say please everyone stop with the pump and dump comments. According the CoinMarketCap TRX has a marketcap of $12,487,619,945 This is no pump and dump group that has the firepower to move a coin with $12,487,619,945 in market cap. It simply can't be done. It if from market sediment, institutional money coming or going out. It's not a p-n-d group. Words like that simply cause mistrust in the cryptomarket and especially with all of the new money flowing in. Please be responsible and think about what you are posting. Again with a marketcap of $12,487,619,945 it simply can't be done.
adassumpcao
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@a.C., well, if you analyzed the order book during the weekend it is super easy to spot price manipulation by bot automation. When you just put 100 btc on top and bottom of a specfied limit, the value only oscilates between those values. If you move thes limits you can move the overall value. This happens everyday on binance, you look carefully and you’ll see it. On other platforms you don’t see these, at least so clearly.
Regera
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@a.C., The market cap is irrelevant if a bunch of manipulators paid next to nothing for a coin, pumped it up and sold at the peak which gives them more than enough capital to reenter at the lower pricepoint and pump it again. It's easy to sell at the top and reenter at the bottom when they're the ones setting both limits.
Why #RedDay ?
The reason why we are experiencing 2 back to back red days leading up to the biggest 9 weeks of conferences in blockchain history. Within 2 weeks we have the North American BTC Conference, in Miami, and that same week the London Blockchain Summit. The market should be as bullish as ever (and will be in 2-3 days if not tomorrow). However, what is going on right now? There are 2 major events impacting blockchain negatively in Asia right now. There is a “lockout” of sorts in South Korea as they get their regulation in order and taxation underway. This caused a minor panic in the Korean market. This was the main factor contributing to yesterday’s red day, the Korean’s trade more than anyone and now they are in a holding pattern until Jan 20th. However, once their trading opens back up fully between now and then there should be an exponential price increase in all alts. The second issue impacting the markets is China hinting at regulating BTC mining. This doesn’t surprise me as most countries with a very low cost of electricity ban BTC mining. However, these two pieces of news, which will be resolved shortly, dramatically impacted the value of BTC and alts over the last two days