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 :)
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There we go :)
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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!
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Tron looking ready to pop! Let's see what happens this week Have increased my target area a bit :)
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It did not! Want to get out of TRX, preferably in the green:
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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 :)
NO, NO, NO!!! When will you ever learn? You have never made a short call on here. You're consistently wrong. Whenever I hear you pumping, I know it's time to short more. This selloff won't end until Bitcoin touches down to $8000/$7600 area. Not done yet, and South Korea is about to lay down the hammer for the last leg down on the 20th, they are implementing real face verification and the biggest exchanges might shut out foreigners. It's not safe yet to buy, not even close. I would currently be in 70% cash/30% short if I were you. Bitcoin and alt coins are not done selling off yet. Not until February. Bitcoin might even crash to $5000 or lower area so I'd sit pretty in cash for a while. Plenty of opportunity in the future and plenty of good ICOs coming. No need to rush your purchase now when you can buy much lower in a few weeks.
Kryptokelly
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@josephtse, Well I have made a couple short calls. And if you read the description you can see the reason why I have been constant bull.
You think I pump TRX with a marketcap of 3 billion?! lol :) And I also wonder how you short these coins I am pumping, my latest coins have been low cap coins. No margin.
Learn? Been in here forever and ended up selling at the top (though I admit that was a bit lucky).
I'm in good shape mate ;)
Kryptokelly
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@Kryptokelly, Ohno Joseph. How's your cash and shorts doing today mate?
When will you ever learn? Better listen to people who have been doing this a lot longer than you.
It never pays to be as confident as you are. Be open to everything, and move with the market :)
Acel
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Team HOLD reporting in! I think its a great time to buy if you have fiat. Chances are this is the lowest you can get them. Well maybe 5-10% cheaper at best, but still its a good risk/reward even for the short run.
Kryptokelly
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@Acel, So true Acel.
This is why I always recommend to take profits of table and keep a portion of portfolio in cash :)
Acel
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@Kryptokelly, You are right. Unfortunately i joined in late and 10% profits were not worth it. I was expecting it to go down but not that much!
Either way, you have mentioned to keep feelings out, so i was a good student and didnt even log to sell with a loss. Did i pass the first test? haha
Just watching the panic selling Round 2 and drinking my coffee. :)
bigLITTLE
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Agreed. I don't publish my chart :# was too late to notice it.