I'm in buying mode.
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 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 :)
Still some room for profit I believe, but selling out on a 100% gain for the day is never a dumb thing!
Have increased my target area a bit :)
Not that into it, should have sold when it doubled. Live to learn :)
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My thoughts are hype and target reach, have not looked deeply into it.
100k? Wow, maybe I should pop in as well :)