About a fortnight ago, I sarcastically congratulated owners of the crypto currency TRON #TRX for breaking through the billion dollar market cap threshold.
WELCOME TRON #TRX TO THE BILLION DOLLAR MARKET CAP CLUB, +112% TODAY. YOU'VE CERTAINLY EARNED IT https://t.co/gOC7cG9KtK
— The_Real_Fly (@The_Real_Fly) December 14, 2017
Today it’s up another ~150% to $13 billion. That’s more than 13x in a little more than two weeks.
The total crypto market is now worth $770 billion and Bitcoin is taking a backseat to alt-coins, placing it’s dominance at its lowest level ever, at just 32%.
I have a theory that I’d like to bring over from stocks to these coins. Certain thresholds tend to cause buying panics. I’ve long said the $100 roll is the easiest way to make money in stocks, which entails buying a stocks after it breaks the $100 plane for a quick 5%. Let’s see what these cryptos do after they break the billion dollar plane.
Last night I tweeted about VEN. It was nearing $930 million in market cap and I preemptively congratulated HODL’ers for the imminent breakthrough past $1 billion. Well, since then it has surged past $1b, up ~25%.
Congrats to VEChain for soon to be joining the billion dollar crypto club. #VEN
— The_Real_Fly (@The_Real_Fly) January 4, 2018
So let’s pick another one, shall we? This is pure psychological trading.
Golem is about to break the billion dollar threshold. Ticker is GNT for you home gamers and the cryptos is +8% or so over the past 24 hours. Clearly, this is poised for at least 10x over the next two weeks, no?
So simple it has to work.
You ain’t making any money until you book it. HODLers make no money. They are bedroom billionaires until they are not. They trapped themselves. What’s your exit strategy? ConBase is a fucking scam that locks up on ppl until the price moves against them. Classic hotel California. You can check out but you cannot leave. Buying cryptos is cumbersome, getting out with cash at your predetermined price spot is nearly impossible.
I find it ironic that people who dont use coinbase talk about its illiquidity. I use coimbase and i have not had any issues selling btc ltc or eth. Furthermore, i have not had issues moving fiat back to bank. What experience have you had with these dalys you mention? Just curious.
Do I need to touch a hot stove if 1000’s of ppl tell me that, from their experience, I’ll get burnt?
sarcrilege with moron post of the day… again. exit strategy ? how about exit with a monster gain
What happened to Coinspeak?
great question where is Coinspeak?
He’s liking his wounds after his dick got slammed at the small exit door to the USD shit coin. He’ll bounce back after his recovery.
*licking
You have issues. Seek help. No shame in it.
Who needs Tron (TRX), when you can buy the derivative play Tanzanian Royalty (TRX).. Jim Sinclair must be going, wow, this crypto thing is the best thing that’s happened to my company.. lol!! Hint: How many idiots are buying TRX stock thinking they are buying TRON.