Topic: What's Going on With TRX? (Read 515 times)

Well the testnet probably has something to do with it . But i really dislike the ceo of this coin , for me a big reason not to invest.

There is really nothing with TRX now, some other coins also pump but they dump again due to the bear market. I think as all coins are about bottom, some people fill their bags now.

TRX volume and price movement is really weird
suspicion lots of maker in this
https://www.coingecko.com/en/coins/tron

One thing I have noticed is, you have to do good amount of research on what a particular token is before you invest in it, and you need to find the right investment in order to multiply your investments. For example: Ripple (XRP) was $ 0.01 in March 2017. By December 2017, it was trading at $1.2, a person who found it, trusted it in March has definitely multiplied his/her investments by 100 times. The key here is to invest what you can loose (your life or peace of mind should not be disturbed even if you completely loose the money you invested in.) choose the right crypto by doing enough research about it, HODL (Hold On for Dear Life) as long as you can.

I cannot predict the exact value but I can share my views. TRON is a steal at the current price ($ 0.042) as I write the answer today. Before you think about jumping on the ship, (one easy way listed at the end) do your research, risk only what you can afford to loose. I am listing out the points that I have observed, read from various sources online.

From their website: TRON is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology. The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem. Peiwo App with over 10 million users will become the first TRON-compatible entertainment APP.

I believe the concept of TRONIX would be a great move if the net neutrality is curbed. It is created for distributed storage and allowing the content creators to be the actual owners of the content and they would be having the control over the content. The current content holders/hosts like facebook and google kind of own the content created by the creators and they decide who is going to wantch what and influence the public, once TRON network succeeds, The internet would be a free place with proper owner ship of the content being given to the actual creators. Plus the Founder of TRON, Justin Sun has many projects and news lined up. You can watch the video over here. Having said that, I believe TRON(TRX) is going to be huge but not overnight. It has shown promising raise in the value within its first few weeks. Once the decentralized TRONIX Network is deployed and used by everyone, I believe it is going to change the internet as we know it today. Justin Sun also mentioned in the video call that they might be implementing some coin burn as well which would in turn reduce the number of coins in circulation. Looking at all these, TRX might be $1 one day but you got to hold on for a while.

I think that the TRXwill still grow. I am glad that TRX grows with a general fall.

The reason for the upsurge is the Korean investors. But the increase in tron does not last long.

But i think normal trader wont have bought on low and sold on high, this all trading are done by insiders or whales and they wanted to push the price down before going for high price. so this wave is to get small traders to sell it and then they will push the price above 1k back.

This is just normal day trading. Nothing special. If you are doing day trading it is profitable if you buy/sell at the right time.

Here's the thing about crypto...  There's lots of name calling and FUD.  Sure a project may or may not be a scam but we're here to trade and earn BTC.  I remember even Chris de Rose was calling Ethereum a scam back in the day.  I respect the guy, but if he traded in and out of it he would have earned lots of Bitcoins.

Now here we are with the likes of Tron...

Nothing special, someone filled a large sum of money in TRX and began to grow demand. This is a standard speculative practice that has provoked growth.

I think the coin's done. But you may never know it will start from scratch again until they become known and doing good again.

I am pretty sure they keep pumping and dumping tron. Its like scam scheme right now. Noone even tries to invest into tron because they liked the idea. Its so much basic human greed scheme in my eyes so I would never invest.

price has been pumping because of test net. it is expected to be pump and dump as soon as the event is finished. Now everyone is waiting for the main net to be released.

whales taking advantage on announcement, thats what https://www.coingecko.com/en/price_charts/tron/usd

many bury the object because of its bloatedness. Technically, we are now in wave 2. Ahead of us is waiting for the longest wave 3

And I can not believe that this coin will be pumped up after the recession. And the prospects are still vague, so I would not risk having a tron, there are more reliable investments.

I suppose TRX went against the general trend just because of news about the coins burning and the testnet release. But currently it has fallen just like any other coin...

Isn't the founder supposed to be the protege of Alibaba CEO Jack Ma or something...?  I don't think he's a 'scammer' the same as the Bitconnect guys.  Maybe he's just a guy who doesn't know he's scamming yet and still thinks 'blockchain' is the answer to all the world's problems.  LAWL!

You got out in time, now it's only worth 520 sat and it's the only coin in red on coinmarketcap. The ceo of this project is too shady I don't think Tron is a good long term hold but it can be profitable for short term trade.


Sure thiung he got out in timeee

i think that's normal, for most of altcoins are also down
as we know btc is cause why alts are down including trx