Ill be honest, when i see TRX suffer, that puts a smile on my face. Im not one of those guys that loves all crypto or thinks that every project can succeed and that we should all hold hands. I think thats a foolish thought thats shown to be wrong many times. Even now youre seeing it with Steem slipping towards no.100 in MC.
Why should i hold this token instead of that other one?
Its a simple question that clearly shows that holding hands aint possible. You can collab between chains, but those alliances are short lived and on wobbly legs. Its a doggy dog world and when i see and overvalued, overhyped token suffer, im happy, what can i say.
Anyways….
So what happened the other day is that some disgruntled protesters showed up at the offices of a partner of the Tron Foundation mad, yelling that Tron is a scam. Apparently some group defrauded some folks using Tron name and the video of the protest went online where it appears the offices were raided by police.
Now, that probably isnt true, it just seems that they have been watching the protest. Take a look for yourself.
It seems that this wasnt really anything of note that will bring the behemoth built on cheap hype down. I wanted to share this because its just fun for me seeing Tron in trouble. When Steemit inc layed off folks, that was probably the trigger for Steem to drop out of the top100 tokens. Dan Larimer gloated, EOS cockroaches crawled out to gloat, crypto influencers that tried and failed on Steemit hit Steem when it was down….
So what do i say when Justin has to do damage control and his shitty antics arent fooling anyone??
First, let’s start with a question – Do you hold any Bitcoin?
If the answers is no – then the road ahead is simple:
Only buy crypto once you’ve researched it and have some basic understanding of the tech.
After that if still interested – buy some Bitcoin.
Do not pass go and buy XYZ crypto.
Don’t run off to the charts (you likely only vaguely understand) and try to read the technical tea-leaves – buy a small BTC position when you feel comfortable doing so and hold it for the long-term.
This is the calculated risk you would be taking:
a) BTC succeeds in becoming an at scale player on the world financial scene. If a) then value of BTC = unknown but orders of magnitude higher than its current valuation (12k approx.).
Review the Bitcoin Historical Chart (2015-2019) -What pattern do you see?
To date, BTC has rewarded buyers and holders.
The Downside
b) BTC fails to gain traction or is superseded (much further into the future) -value falls to negligible level (sub $1000).
Effectively a binary outcome.
BTC will either become a recognized store of value and attract a piece of the global financial pie, its scarcity guaranteeing exponential return on investment or it won’t and will wither to naught.
All your capital is at risk.
The whole lot.
So, don’t bet the farm but do invest a small amount of disposable income in an asset that holds the promise of substantial returns (once you feel you understand it at some level).
Critically – XYZ cryptos are not in the same position. Without exception, they are still in the proof of concept phase. It’s all promise…Even Ethereum and EOS have yet to attract substantial numbers of active users to their deployed applications.
In addition, many crypto projects will succeed and yet accrue little value to the token.
Many, many more will fail. A select few will forge ahead and also accrue substantial value but picking these winners as a new investor is largely unnecessary – the champ is right here – right now – Bitcoin.
And…..should BTC itself fail – the door slams shut on a great number of these endeavours -their very existence hinges on Bitcoin.
The relationship is not reciprocal – each and every Alt can fail without affecting the store of value proposition of BTC.
So, if you have still to take that first step – do yourself a favour and ignore the punters bleating of the great riches to be found with XYZ and invest in the crypto most likely to deliver – Bitcoin.
Lastly -invest -means a multi-year horizon – even better a multi-cycle horizon 10 years or more. Sure, with time and experience you may finesse your interaction with the crypto market but start simple and go from there.
Read This
It’s your money – you worked for it – it was hard to acquire – don’t let the greedy monkey inside your head convince you to ‘over-invest’ in BTC or any crypto. Take your time and research Bitcoin and the market in general before you deploy any capital Only after a period of learning, and reflection should you purchase crypto. Always remember – risk high is not a concept – there is a high percentage chance of you losing everything you invest.
Shares of Apple (AAPL – Get Report) started off lower on Monday on the back of a negative analyst report. In midday trading, shares are still down more than 2%, just under $200 per share.
Analyst Jun Zhang of Rosenblatt Securities cut his rating on Apple to sell from hold, while maintaining his $150 price target. Based on Friday’s close, that would imply about 26% downside for the iPhone maker.
Zhang contends that Apple will undergo a “fundamental deterioration over the next 6 to 12 months.” He further adds that iPhone and iPad growth will be disappointing in the second half of 2019, while Apple’s other products won’t be meaningful enough to make up the shortfall.
We have been hearing this rhetoric for many months, ever since Apple said Apple announced on November 1st that it would no longer be reporting iPhone sales numbers…meaning iPhone units are no longer growing and will start to decline.
Nevertheless, this regurgitated newsflash was enough to send Apple stock down 2% for the day and cause the Smart Money to rush into some short term put options. Today the Smart Money bought over 35k of put options with a strike price at $185 that expire on August 2nd.
This means the Smart Money only make profits if the Apple’s stock price declines another 7%. Will the Smart Money be right, stay tuned?
This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
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