Will Justin Sun dump 33 billion TRX on New Year's Day?

target

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Quote from: Yaunfitda on January 05, 2020, 07:10:12 PM

I'm not a TRX holder, but it doesn't make sense for Justin Sun to dump 33 billion worth of TRX. And I think he already confirmed it here:

Quote

The CEO of the TRON Foundation, Justin Sun, has revealed via a livestream that the organization will not sell the 33 billion TRX tokens, worth over $400 million, on the market and plans to keep them.

https://www.cryptoglobe.com/latest/2020/01/tron-foundation-won-t-sell-its-33-billion-trx-justin-sun-says/

See, it will just create chaos for them, so it won't be good in the long run. Perhaps this is just to create FUD around TRX and it's good that Justin step up and confirmed that there will be no selling.

This thread should be lock by the OP.

Justin conveniently wait til the price drop before announcing they will not sell.
Someone should ask how long will they keep the TRX worth $400M because certainly this issue will not even end until its been locked again. There wouldn't be a purpose of unlocking it if its just going to lie around there like waiting to be activated and dumped.

nicster551

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This news was too much exposed and I dont think Justin Sun will dump his unlocked coin on the market straight away. He is a smart guy who loves to hype simple things. I think the news about this unlocking is already prepared, he knows to people get FUD and sell their holdings but Justin anticipated this event and I think he bought a lot of trx on the market and he will sell it when he starts to hype some things again.

DabsPoorVersion

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Quote from: Yaunfitda on January 05, 2020, 07:10:12 PM

I'm not a TRX holder, but it doesn't make sense for Justin Sun to dump 33 billion worth of TRX. And I think he already confirmed it here:

Quote

The CEO of the TRON Foundation, Justin Sun, has revealed via a livestream that the organization will not sell the 33 billion TRX tokens, worth over $400 million, on the market and plans to keep them.

https://www.cryptoglobe.com/latest/2020/01/tron-foundation-won-t-sell-its-33-billion-trx-justin-sun-says/

See, it will just create chaos for them, so it won't be good in the long run. Perhaps this is just to create FUD around TRX and it's good that Justin step up and confirmed that there will be no selling.

This thread should be lock by the OP.

Things have already been cleared about this issue.
It is clearly just to spread FUD and tried to drop its price.
But luckily it does not have a huge impact and there is a few holders who panic sell their investment.

Everything is clear now, so OP this thread can be lock now.

hello_good_sir

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Quote from: Aabcde on January 05, 2020, 09:36:35 PM

The fact that there is now no dump done by Sun means that this prediction or question is not proven. Regardless of whether Sun will dump or not, the fact is that tron is shitcoin. Gradually it will lead to nothingness.
I already sold tron when there was still a profit opportunity. Good luck who is still locked by Sun lol

I don't think that TRON is necessarily a worthless token.

There are already a lot of projects that have established themselves on the platfrom that TRON has provided and there is no denying of that. That alone offers a lot of utility for the TRON token, which means that TRON has at least some intrinsic value as opposed to the vapourware on offer that have none.

But I'm not the biggest believer either, especially with how centralized the supply seems to be as well as the influence.

Aabcde

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The fact that there is now no dump done by Sun means that this prediction or question is not proven. Regardless of whether Sun will dump or not, the fact is that tron is shitcoin. Gradually it will lead to nothingness.
I already sold tron when there was still a profit opportunity. Good luck who is still locked by Sun lol

Yaunfitda

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I'm not a TRX holder, but it doesn't make sense for Justin Sun to dump 33 billion worth of TRX. And I think he already confirmed it here:

Quote

The CEO of the TRON Foundation, Justin Sun, has revealed via a livestream that the organization will not sell the 33 billion TRX tokens, worth over $400 million, on the market and plans to keep them.

https://www.cryptoglobe.com/latest/2020/01/tron-foundation-won-t-sell-its-33-billion-trx-justin-sun-says/

See, it will just create chaos for them, so it won't be good in the long run. Perhaps this is just to create FUD around TRX and it's good that Justin step up and confirmed that there will be no selling.

This thread should be lock by the OP.

btc_angela

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What do you expect from Justin? He is really a shill god in a sense. So perhaps he really has some grand scheme behind saying that he will dum 33 billion TRX, which didn't happened.

Maybe he is just hyping TRX, but then again we are still in the bear market, so I doubt that people are going to bite on it. Better wait till everything settles down a bit.

romanij

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33 million TRX coins is a huge amount. Most likely, JS has some grand plans. If this is the usual unlocking of coins, then this project is waiting for a very strong fall. TRON will lose a large number of investors and people will stop believing in it. Very sorry....JS started everything very nice and promising. But I'm not worried because I haven't invested in TRON.

Mallyx

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Quote from: Anonylz on December 31, 2019, 07:48:41 AM

Quote from: Mallyx on December 30, 2019, 10:17:54 AM

Quote from: target on December 30, 2019, 10:15:01 AM

Quote from: sureshnsnet on December 30, 2019, 09:03:46 AM

snip

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

I don't see share your view, because nobody will be willing to buy more trx knowing fully well that 33b more will be injected in the current circulation, am afraid this is not the type of announcement that makes people fomo to buy more rather i think this will have a huge impact on price, justin sun should know better than dump such a huge amount, am sure this is fake news.

Well, that's mostly a joke, they don't need to do that. But burning still can be a plan.

Anonylz

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Quote from: Mallyx on December 30, 2019, 10:17:54 AM

Quote from: target on December 30, 2019, 10:15:01 AM

Quote from: sureshnsnet on December 30, 2019, 09:03:46 AM

snip

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

I don't see share your view, because nobody will be willing to buy more trx knowing fully well that 33b more will be injected in the current circulation, am afraid this is not the type of announcement that makes people fomo to buy more rather i think this will have a huge impact on price, justin sun should know better than dump such a huge amount, am sure this is fake news.

justdimin

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First of all I didn't know Justin Sun had half of all Trons in the world, right now there is about 66 billion trons available and if he owns 33 billion of that, it means tron is faaaar faaar less decentralized than I assumed, dude could do whatever he wants to price of tron with that type of wealth.

However assuming it is true, if he actually goes up and sells 33 billion of it, he would crash the price which we all know but how much he would crush is not clear. Right now the whole volume is around 1 billion, and that is 500 bought and 500 sold, if he sells 33 billion that would first be faced with regular prices which he would make the most profit from but then it would go down as little as 10 satoshis and even lower, in which case Tron is as good as dead.

Ahimoth

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Quote from: luppecuppe on December 30, 2019, 04:35:09 PM

Justin Sun is a good investor. I don't think you'd do anything like that. The TRX price has already fallen. There are also many claims about Justin. I think he could do something different to raise the price.

Justin Sun doesn't want tron to fall that worst, and this is just a FUD for tron holders to influence any possible panic. This man is the creator of tron, and he won't allow this situation to fall at hopeless situation. Don't let this bad thoughts gather negative impact on us, much better if we can handle more stressful times but not on uncertain and non sense opinions.

adjed

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Justin would likely burn some portion of it and he would make sure he makes an announcement of an announcement of the burn, I don't think selling it right now is an option for them since too many eyes are on that 33 billion tokens and if he dumps such huge amount, those still left supporting the project would lose faith in it.

Who remembers Justin Sun's prediction about Tron being top 4 on CMC before the end of the year? Well we are in the last day of the year and people are trolling him on Twitter, below is an example Grin

Mallyx

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Quote from: Coin-1 on December 30, 2019, 02:07:37 PM

Quote from: Mallyx on December 30, 2019, 10:17:54 AM

Quote from: target on December 30, 2019, 10:15:01 AM

Quote from: sureshnsnet on December 30, 2019, 09:03:46 AM

I am sure the Tron team will have better plans to do after 33 billion unlock Tron coins, I think we have to wait for official news about that from the Tron team maybe they will give after unlocking Tron coin and my suggestion to Tron coins holders do not sell your coins in panic for any unofficial news regarding this.

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

If the TRON Foundation wanted to burn these coins, they would destroy 33 billion TRX as soon as possible, that is, immediately after TRON migrated from the Ethereum blockchain to its new mainnet. Perhaps they sought to encourage holders to exchange ERC20 tokens for TRX coins and raise investor expectations.

Alternatively, Justin Sun has not yet made any announcement in order to see how the crypto community will respond to this event. The current TRON price is $0.013, so 33B TRX cost about $450 million. According to CoinMarketCap, the total capitalization of this cryptocurrency is $900 million, so the unlocked amount of TRX coins is really huge.

I think the TRON Foundation should again lock these 33B TRX (or some part of these coins) and thus reassure TRON holders and investors.

Yup, the sum is too big.
Let see if they are greedy or not.

luppecuppe

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Justin Sun is a good investor. I don't think you'd do anything like that. The TRX price has already fallen. There are also many claims about Justin. I think he could do something different to raise the price.

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Quote from: Anonylz on December 29, 2019, 03:45:27 AM

One of the reason why am not a huge fan of trx is because of it's enormous supply, i always thought of this even though i hold some trx in my wallet, anytime they release new trx in circulation in the market it will often result to this type of panic, and how it will affect price, 33 billion is a huge amount which can definitely affect price a great deal, this is not a good news at all, i hope he will not do this.

You are right, One of TRX holders' concerns about unlocking TRX 33 billion in early 2020. Of course there will be panic, as in another thread ethereum CEO ETH sell in large quantities which was revealed recently, of course if this happened to Justin Sun, the TRX price would be lower than the current price. I guess we have to get out before this happens.

disconnectme

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It would be foolish on the part of Tron developers to try to sell the tokens or even move it to exchange, remember the tokens are already stained and people are monitoring it. I for one believe it is time these developers start burning these huge tokens they are sitting on just to return the investors interest, but something is telling me Tron could turn out to be Ripple 2.0

tabas

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I'm not a TRX holder and never liked this coin just because it's pretty obvious that all the marketing stunt he does is for publicity and to gather attention from investors. But I acknowledge his achievements and successes how he delivered those marketing and announcements he did and bought huge names like bittorrent. There is a possibility like what you all are thinking about dumping. They are developers and they have to make money out of their creation just like what Vitalik did.

Coin-1

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Quote from: Mallyx on December 30, 2019, 10:17:54 AM

Quote from: target on December 30, 2019, 10:15:01 AM

Quote from: sureshnsnet on December 30, 2019, 09:03:46 AM

I am sure the Tron team will have better plans to do after 33 billion unlock Tron coins, I think we have to wait for official news about that from the Tron team maybe they will give after unlocking Tron coin and my suggestion to Tron coins holders do not sell your coins in panic for any unofficial news regarding this.

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

If the TRON Foundation wanted to burn these coins, they would destroy 33 billion TRX as soon as possible, that is, immediately after TRON migrated from the Ethereum blockchain to its new mainnet. Perhaps they sought to encourage holders to exchange ERC20 tokens for TRX coins and raise investor expectations.

Alternatively, Justin Sun has not yet made any announcement in order to see how the crypto community will respond to this event. The current TRON price is $0.013, so 33B TRX cost about $450 million. According to CoinMarketCap, the total capitalization of this cryptocurrency is $900 million, so the unlocked amount of TRX coins is really huge.

I think the TRON Foundation should again lock these 33B TRX (or some part of these coins) and thus reassure TRON holders and investors.

ATSgrowth

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Maybe it is fake news or a another Justin´s marketing how to bring attention to Tron? I wouldn´t be surprised.
But we finally see what is bad on altcoins when team holds a big amount of tokens. Stop buying premined coins. Cool

X-ray

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Quote from: target on December 30, 2019, 10:15:01 AM

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

it's just a matter of time until they dump it although the might set some delay so that the market won't crumble but as you said the point of unlocking these massive amount of TRX is for sole purpose of dumping, if people think they won't they need to learn that it's real world where evereyone need money even though it might be for another purpose than accumulating wealth for themselves.

Script3d

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Quote from: target on December 30, 2019, 10:43:31 AM

Quote from: Mallyx on December 30, 2019, 10:17:54 AM

Quote from: target on December 30, 2019, 10:15:01 AM

Quote from: sureshnsnet on December 30, 2019, 09:03:46 AM

I am sure the Tron team will have better plans to do after 33 billion unlock Tron coins, I think we have to wait for official news about that from the Tron team maybe they will give after unlocking Tron coin and my suggestion to Tron coins holders do not sell your coins in panic for any unofficial news regarding this.

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

Well know see if it happens. An investors can always buy back if the team will burn this 33B TRX, they may be able to accumulate TRX after buying back because the price will still dip. Lucky are the ones who dumped last few weeks, few more days later it may not just be 180satoshis but just 80sats. This is cheap enough to double your bag if you truly see this coin going to go up.

We know that this move is gonna scare some investors, they'll probably gonna sell their holding and never come back and while the smart ones are gonna take advantage of the dump and buy more holdings for the upcoming possible bullrun. Man i wish i had some money here if the dump is actually gonna happen i will probably buy alot of coins for myself.

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Quote from: Mallyx on December 30, 2019, 10:17:54 AM

Quote from: target on December 30, 2019, 10:15:01 AM

Quote from: sureshnsnet on December 30, 2019, 09:03:46 AM

I am sure the Tron team will have better plans to do after 33 billion unlock Tron coins, I think we have to wait for official news about that from the Tron team maybe they will give after unlocking Tron coin and my suggestion to Tron coins holders do not sell your coins in panic for any unofficial news regarding this.

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

At least that will be traceable and everyone can see where it will be going on in the future. if that scenario happens and so many people will be tracking it to know where the money will be going on.
If he lies with us and the reputation of tron will be destroyed instantly.

target

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Quote from: Mallyx on December 30, 2019, 10:17:54 AM

Quote from: target on December 30, 2019, 10:15:01 AM

Quote from: sureshnsnet on December 30, 2019, 09:03:46 AM

I am sure the Tron team will have better plans to do after 33 billion unlock Tron coins, I think we have to wait for official news about that from the Tron team maybe they will give after unlocking Tron coin and my suggestion to Tron coins holders do not sell your coins in panic for any unofficial news regarding this.

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

Well know see if it happens. An investors can always buy back if the team will burn this 33B TRX, they may be able to accumulate TRX after buying back because the price will still dip. Lucky are the ones who dumped last few weeks, few more days later it may not just be 180satoshis but just 80sats. This is cheap enough to double your bag if you truly see this coin going to go up.

Mallyx

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Quote from: target on December 30, 2019, 10:15:01 AM

Quote from: sureshnsnet on December 30, 2019, 09:03:46 AM

I am sure the Tron team will have better plans to do after 33 billion unlock Tron coins, I think we have to wait for official news about that from the Tron team maybe they will give after unlocking Tron coin and my suggestion to Tron coins holders do not sell your coins in panic for any unofficial news regarding this.

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

1. Let people believe 33b will be dumped
2. Buy a lot of TRX
3. Make the announcement of the announcement that 33b TRX will be burned

target

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Quote from: sureshnsnet on December 30, 2019, 09:03:46 AM

I am sure the Tron team will have better plans to do after 33 billion unlock Tron coins, I think we have to wait for official news about that from the Tron team maybe they will give after unlocking Tron coin and my suggestion to Tron coins holders do not sell your coins in panic for any unofficial news regarding this.

Yes their plan is to dump. You can always think of something else but why unlocking these funds if it won't be put to use and this is when you see how practical it can be for them to dump than hold it. One possibility is they will distribute it to the dapps developer who does it with TRON for cheaper price which will still end up dumped. Its just two days left but Sun hasn't announced anything yet.

oktana

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Quote from: Coin_trader on December 30, 2019, 09:08:03 AM

Quote from: sureshnsnet on December 30, 2019, 09:03:46 AM

I am sure the Tron team will have better plans to do after 33 billion unlock Tron coins, I think we have to wait for official news about that from the Tron team maybe they will give after unlocking Tron coin and my suggestion to Tron coins holders do not sell your coins in panic for any unofficial news regarding this.

Justin Sun didn't announce it yet so obviously he has no idea what he will gonna on it besides on giving away it on his twitter to gain more attention. This 33 Billion trx token will result to massive dump even he will not sell it because it will create a psychological effect on all trx holder. Its better to burn if they don't have plan to use it since they already have too much shares on the token.

what they do is stick to transparency and fairness.

Justin Sun always does something extraordinary, I hope he does it again. If it finally burns the token supply again, this coin will surely skyrocket with a very strong market valuation, but currently only limited to speculation of inter-community tensions, no one really knows what will happen to the tron in the next few days.

Coin_trader

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Quote from: sureshnsnet on December 30, 2019, 09:03:46 AM

I am sure the Tron team will have better plans to do after 33 billion unlock Tron coins, I think we have to wait for official news about that from the Tron team maybe they will give after unlocking Tron coin and my suggestion to Tron coins holders do not sell your coins in panic for any unofficial news regarding this.

Justin Sun didn't announce it yet so obviously he has no idea what he will gonna on it besides on giving away it on his twitter to gain more attention. This 33 Billion trx token will result to massive dump even he will not sell it because it will create a psychological effect on all trx holder. Its better to burn if they don't have plan to use it since they already have too much shares on the token.

sureshnsnet

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I am sure the Tron team will have better plans to do after 33 billion unlock Tron coins, I think we have to wait for official news about that from the Tron team maybe they will give after unlocking Tron coin and my suggestion to Tron coins holders do not sell your coins in panic for any unofficial news regarding this.

Teraboy

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Quote from: veilmoil on December 30, 2019, 04:02:56 AM

if he dump with 33B TRX i think TRX will Exit scam and he might raided again. i just have 2 speculation
1. he will burn (maybe not all of it) to increase TRX Price
2. he will lock again but with different value

You can't expect if that will be the next exit scam. i suggest you to take a look at XRP and how much billions worth of ripple that has already dumped to the market and none call it as exit scam.
he will never try to burn such a huge amounts of money. If he will be locking it again and how is it possible to get the different value?

slaman29

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Quote from: Barbut on December 29, 2019, 06:42:53 AM

It would be insane from them to dump all at once and for nothing! I think they are more reasonable than that! Tron is doing good with all their DApp's created this year, and why would they ruin the entire system with dumping that huge amount of coins?
Anyway, this is a piece of new information for me, I didn't know about these coins locked after migration. We should monitor the situation and what Justin plans to say after they unlock those coins.

Insane and yet still this is a possibility. When you talk about money, people will do anything. They don't care about sustainability. They don't care about their community and the long term future. They want their millions as soon as possible. If waiting a bit more can get them even more millions, then they'll wait.

Bharathi13

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Quote from: xvids on December 29, 2019, 03:19:38 AM

I don't think that he would really dump it because many investor could lose interest and leave the project.
If that massive amount would be dump the price would crash down big time it is already low so it could destroy it.

Obviously he wont be doing that, Justin sun have good hand in marketing & may be he will use & allocate maximum amount out of this unlocked 33B token for TRON Platform development & there will be some token burn as well out of 33B TRX Token.

xZork

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Well, I guess if that number of TRXs hit the market the price will drop significantly.
But I think they will have a specific plan, they certainly understand that this amount of TRX will greatly affect investor confidence in the project. Perhaps they will release it slowly or release it free of charge to TRX holders.

piebeyb

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I think it will be useful if it is sold for better development in the future for TRX, if there really isn't anything important and needed funds for development should lock it back up, it can prevent people from panicking throwing away the worry of a dump, even though they're not sure about a big dump from TRX, I might only buy it cheap if there is a dump at the price of TRX for their development costs, so let's look at it, 33 billion is not a small amount of money especially when many people who know about it worry they will panic

Divinespark

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Quote from: StephenieDuong on December 30, 2019, 05:13:46 AM

I dont think they will sell all 33 billion TRX unlocked immediately. As we know that TRX can be push to high price easily and they have no reasons to sell their TRX with low price. I think this unlocked token is the preparation for the next bull run, whales know what they doing and they will never missed their big profit.

I think the same way, Justin sun did a lot of work in 2019 to help TRX stay in the top 10 at coinmarketcap, so he won't easily dump everything when things are still at the bottom. Surely there will be a strong growth in 2020 for TRX and maybe we should buy some and wait

StephenieDuong

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I dont think they will sell all 33 billion TRX unlocked immediately. As we know that TRX can be push to high price easily and they have no reasons to sell their TRX with low price. I think this unlocked token is the preparation for the next bull run, whales know what they doing and they will never missed their big profit.

VanDeinsberg12

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Quote from: knuckey on December 29, 2019, 04:58:46 AM

I don't think there is an overreaction from the TRX holders and they also know that unlocked tokens will not be dumped without any purpose for development or tron needs themselves, but this was recently one of Tron Twitter accounts that made a poll.

Look here, Poll regarding 33b #TRX unlock

That's just a poll and the decision can be changed anytime based on various factors.

in the poll said that majority of people vote for the burn but i don't eve think if that will happen. I just believe if justin will keep his coin and do nothing until he needs money and he will be dumping it to the market.

justin said he has no plan with it but it doesn't mean if that token will be burned by him. Keep it for the future needs look become the main choice right now.

coin-investor

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Quote from: cheezcarls on December 29, 2019, 03:13:53 AM

TRON (TRX) will be unlocking 33B TRX on Jan 1, 2020. What these tokens will be used for has yet to be determined.

TRON will be starting 2020 with a massive token unlocking which will increase its current circulating supply of 66B by 50%. 33B TRX will be unlocked on the first day of 2020. The TRON Foundation locked the funds months after it migrated from Ethereum to its own mainnet.

Source link here

Even if they say that they have no plans on what to do with 33 billion TRX, I would honestly don't believe that in an instant.

Anything can happen within or after January 1, 2020. If they say that there's no purpose, they should have remained it locked until they have a valid reason to use them for future developments.

There could be chances that some of the TRX will be dumped to fund for their development, or will be moved to another TRX or so. I don't know, but we'll see what happens after January 1st.

To all TRX fans and holders out there, what is your reaction about the recent decision of TRON to unlock the 33 billion TRX? Hmmm....

It will have a negative impact, they should only release a small percentage and they should be stated what are these for, I'm sure it will be dumped in the market, 66 billion is just too much for a coin that is just starting out, I haven't read about the roadmap and their condition of the unlocking, but it will have a negative impact.

veilmoil

jr. member

Activity: 56

Merit: 12

if he dump with 33B TRX i think TRX will Exit scam and he might raided again. i just have 2 speculation
1. he will burn (maybe not all of it) to increase TRX Price
2. he will lock again but with different value

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: pikkie on December 29, 2019, 05:05:43 AM

Quote from: Taskford on December 29, 2019, 04:58:42 AM

So far I don't think he will destroy the reputation of TRX since if he do that most provably the old and big supporters will gone and he will lose more money for that since imagine if he keeps the project on the good track he can possibly earn more rather than giving some shit right now, maybe he will dump but for sure just for personal or business expense.

therefore the CEO of Tron will not be able to raise the price of TRX, at least he should be able to trigger investors and traders to buy tron so that many will buy tron and will make the price of tron go up, I think only that way to be able to raise the price of the tron safely.

It's not about how they raise the price since if they do those for sure there's no organic growth will happen and that would be a waste of resources for the trim Dev if they will pump on their own so maybe they need their supporters help for that and the only thing dev needed to do is constant development so that a huge number of supporters will come and the old will stay.

target

legendary

Activity: 2282

Merit: 1041

I'm a TRX holder and would wanna dumped this bag of mine if the tokens are going to be unlocked. With 33B TRX dumped, its not going to have a better price in more than 5 years. Of all shits coming out of Suns mouth, its without having a plan of this 33B TRX that is the shittiest of all. Holders going to be fucked sixways to sunday so dumped now before its price sinks to the bottom to 1 satoshi.

DabsPoorVersion

sr. member

Activity: 1260

Merit: 315

www.Artemis.co

Quote from: Thomas-s on December 29, 2019, 07:13:34 AM

if Justin Sun really starts to do this, it could lead to a serious drop in the price of TRX. Now everyone expects that the price of bitcoin will go down, and if this will be at the same time with an increase in the number of TRX in circulation, then the price can drop very deep. Therefore, I recommend everyone to place purchase orders at the level of 120-130 Satoshi. maybe lower. Who knows Grin

Not only that, it might be the end of it, we are in the bear market and if he really does this we should expect the worse of it. But I don't think that Justin Sun will do something like this to destroy the good image of TRX, all their hard work will be put to waste.

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

I doubt it very much. Justin Sun is very sensitive and careful about his offspring. It will rather provoke a fictitious growth of the coin through the news background than vice versa.
Especially considering the fact that he had been annoying until 2020 to bring the coin to top 5. There was very little time left for this.

miklesm

member

Activity: 1078

Merit: 10

As for me, I am not a holder of Tron tokens, but this event might have a big influence on the TRX price. It might be a good idea to take a short position with some leverage to try to make profit on it.

Thomas-s

hero member

Activity: 1274

Merit: 500

Proof-of-Stake Blockchain Network

if Justin Sun really starts to do this, it could lead to a serious drop in the price of TRX. Now everyone expects that the price of bitcoin will go down, and if this will be at the same time with an increase in the number of TRX in circulation, then the price can drop very deep. Therefore, I recommend everyone to place purchase orders at the level of 120-130 Satoshi. maybe lower. Who knows Grin

Barbut

hero member

Activity: 1694

Merit: 502

★Bitvest.io★ Play Plinko or Invest!

It would be insane from them to dump all at once and for nothing! I think they are more reasonable than that! Tron is doing good with all their DApp's created this year, and why would they ruin the entire system with dumping that huge amount of coins?
Anyway, this is a piece of new information for me, I didn't know about these coins locked after migration. We should monitor the situation and what Justin plans to say after they unlock those coins.

Landak

hero member

Activity: 1386

Merit: 503

surely they already have a plan, it is impossible without thinking about the bad effects. in my opinion, there will not be a massive dump even if it happens it will definitely have an amazing effect (I'm not sure this will happen), justin sun must have a plan.
advice for investors, be careful of the worst possibilities, I myself also have trx but not much.

joinfree

sr. member

Activity: 1274

Merit: 260

1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL

That's a huge amount and is likely to generate a stir in the market to cause people to panic sell. To be honest if they really don't have any idea or developmental growth upon which they want to spend such a huge amount then it would be best to keep it locked. TRON has never been my favourite altcoin to hold especially not in this bear market season so it doesn't really affect me much. I hope Justin really updates his community about this issue as soon as possible.

pikkie

sr. member

Activity: 924

Merit: 256

Quote from: Taskford on December 29, 2019, 04:58:42 AM

So far I don't think he will destroy the reputation of TRX since if he do that most provably the old and big supporters will gone and he will lose more money for that since imagine if he keeps the project on the good track he can possibly earn more rather than giving some shit right now, maybe he will dump but for sure just for personal or business expense.

therefore the CEO of Tron will not be able to raise the price of TRX, at least he should be able to trigger investors and traders to buy tron so that many will buy tron and will make the price of tron go up, I think only that way to be able to raise the price of the tron safely.

knuckey

sr. member

Activity: 1260

Merit: 251

I don't think there is an overreaction from the TRX holders and they also know that unlocked tokens will not be dumped without any purpose for development or tron needs themselves, but this was recently one of Tron Twitter accounts that made a poll.

Look here, Poll regarding 33b #TRX unlock

Taskford

hero member

Activity: 2520

Merit: 783

So far I don't think he will destroy the reputation of TRX since if he do that most provably the old and big supporters will gone and he will lose more money for that since imagine if he keeps the project on the good track he can possibly earn more rather than giving some shit right now, maybe he will dump but for sure just for personal or business expense.

killerfrost

sr. member

Activity: 1988

Merit: 254

PredX - AI-Powered Prediction Market

Well, what if all these TRX numbers were sold after unlocking? I think the price of TRX will fall to the abyss and never recover. But for an intelligent person like Justin Sun, I believe this will never happen, he will make the development project and the price of the token will go up before he intends to dump price, It is not wise to start dumping everything at such a low price

lolgato1

sr. member

Activity: 793

Merit: 250

That would be amazing! Who else will continue with dumping its own coin? Vitalik, Wilcke and Justin Sun. My next tip is Charles Hoskinson. What is yours? Cheesy

Pamadar

legendary

Activity: 2982

Merit: 1028

It's business. No one knows what this person thinks about how he will manage to maximize his profits if he see opportunities then expect this might happen. But I doubt he will do that in a quicker ways instead he will try to observe and make his decision final when he's convinced doing so.

fuer44

sr. member

Activity: 1652

Merit: 262

I think that's too much. for tokens such as tron, they shouldn't need to open that much, open a small amount first because the most important thing is the liquidity of the token so that you can get high volumes. after that, the supply can be added later.

alicecrowl966

newbie

Activity: 30

Merit: 0

He is not mad person to just dump trx with this incredible amount. In my opinion, they will just hodl majority of this

DaMut

sr. member

Activity: 1274

Merit: 263

as the article said, they want to increase the total coin in circulation. that means they want to increase the liquidity, if it is true this also means there will be another exchange coming up in the near future. I do not think justin will dump the market after painstakingly shill his project to increase the value of the coin.

ronaldo40

legendary

Activity: 1554

Merit: 1014

i think he will not dump his token because 33B TRX currently worth more than 400M$ which can make a huge impact on the price of trx.
And if he did that i think many users will be disappointed with this decision

Blowon

hero member

Activity: 1932

Merit: 511

Vave.com - Crypto Casino

There must be a plan for that. I just confused it could be good moment to hold ot not. at other side, Justin like control our money Roll Eyes

IvugeoEvolutionCoin

sr. member

Activity: 952

Merit: 267

Vave.com - Crypto Casino

After going through the beincrypto source link attached, i saw a postulation that the 33B TRX to be released might be used to boost Poloniex exchange which was recently acquired by Justin Sun. There is some sense in that speculation but no proven evidence yet. However, I think we should just wait and get official info from TRON foundation with regards the unlocking of the coins and reason for unlocking that huge amount (if and only if it will happen).

cutesgirl

sr. member

Activity: 938

Merit: 251

Quote from: cheezcarls on December 29, 2019, 03:13:53 AM

TRON (TRX) will be unlocking 33B TRX on Jan 1, 2020. What these tokens will be used for has yet to be determined.

TRON will be starting 2020 with a massive token unlocking which will increase its current circulating supply of 66B by 50%. 33B TRX will be unlocked on the first day of 2020. The TRON Foundation locked the funds months after it migrated from Ethereum to its own mainnet.

Source link here

Even if they say that they have no plans on what to do with 33 billion TRX, I would honestly don't believe that in an instant.

Anything can happen within or after January 1, 2020. If they say that there's no purpose, they should have remained it locked until they have a valid reason to use them for future developments.

There could be chances that some of the TRX will be dumped to fund for their development, or will be moved to another TRX or so. I don't know, but we'll see what happens after January 1st.

To all TRX fans and holders out there, what is your reaction about the recent decision of TRON to unlock the 33 billion TRX? Hmmm....

I think better you give source link about Justin Sun will unlock about 33 billion TRX, how ever will give positive way to make TRX have higher price after burning their coin supply, but where source your discussion topic come from, you have put your source link and never make many people panic for buying TRX without get correct information.

Furious 7

hero member

Activity: 2856

Merit: 644

https://duelbits.com/

33 billion TRX is a large amount. I am afraid that the tokens will be wasted to get funds for the foundation for development project in 2020. I want to know until the first new year what happens with tron.
If you already know like this I am sure investors will be anxious to see news like this so, while January 1, 2020 is a few days away ,.

Anonylz

hero member

Activity: 2562

Merit: 577

One of the reason why am not a huge fan of trx is because of it's enormous supply, i always thought of this even though i hold some trx in my wallet, anytime they release new trx in circulation in the market it will often result to this type of panic, and how it will affect price, 33 billion is a huge amount which can definitely affect price a great deal, this is not a good news at all, i hope he will not do this.

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

After the release of new TRX token the value of 1 TRX will go below the existing price. If he sells more TRX then this token will not have any value in the market. I do not think he will dump those new tokens.

xvids

sr. member

Activity: 1176

Merit: 301

I don't think that he would really dump it because many investor could lose interest and leave the project.
If thatmassive amount would be dump the price would crash down big time it is already low so it could destroy it.

cheezcarls

hero member

Activity: 2282

Merit: 659

Looking for gigs

TRON (TRX) will be unlocking 33B TRX on Jan 1, 2020. What these tokens will be used for has yet to be determined.

TRON will be starting 2020 with a massive token unlocking which will increase its current circulating supply of 66B by 50%. 33B TRX will be unlocked on the first day of 2020. The TRON Foundation locked the funds months after it migrated from Ethereum to its own mainnet.

Source link here

Even if they say that they have no plans on what to do with 33 billion TRX, I would honestly don't believe that in an instant.

Anything can happen within or after January 1, 2020. If they say that there's no purpose, they should have remained it locked until they have a valid reason to use them for future developments.

There could be chances that some of the TRX will be dumped to fund for their development, or will be moved to another TRX or so. I don't know, but we'll see what happens after January 1st.

To all TRX fans and holders out there, what is your reaction about the recent decision of TRON to unlock the 33 billion TRX? Hmmm....

Topic: Will Justin Sun dump 33 billion TRX on New Year's Day? (Read 725 times)