[Crypto] Thoughts on EOS versus TRX !!steemCreated with Sketch.

in #cryptocurrency8 years ago (edited)

The 2 big blockchain projects TRX and EOS have dominated my market thoughts today, as we get closer to launch of both main nets in well, approx. over 30 days time.

What does this mean? Beyond just the Reddit ideas...
(and lots of people trying to get their heads around things in bullish displays of contradiction.)

Tracking the trends

It’s expected to see usual escalations and then a dive on the launch day or just before. But it'll be one interesting ride in any case.

But… just how will the coins fare before and after? Will they correct well or fall significantly?

This is the time to prepare your compass.

Traders will be adjusting their stop limits as they follow... the trends.

It’s worth looking back meanwhile at the chart history of another major blockchain rise, Ethereum. You can see that it rose in leaps and bounds, swinging upwards and downwards several times before catching the December hype spike in 2017.

EOS, at only test net stage is subject to a little hype yes, but it's quite well founded. The track record of experience in its team (Steem, Blockshares) is enough for a lot of folk, I'd say, to have a load of short and long-term confidence. Apparently the project is also coming together well.

Personally, I’d predict that EOS will rise, and also correct well, and possibly keep climbing much higher (if there are no tech issues) following the launch.

TRX, I’m not so sure, but I think there's a little less confidence. There is much less certainty surrounding this ambitious project while it's always been great at the hype.

Another factor to consider: BITCOIN and Mt. GOX.
If Bitcoin were to faulter, then this may (or may not) lessen the pre-launch rise in its tracks for a time (and present nice opportunities).

Overall, with these 2 major coins, people will want to see them do well, and want to hang on to them. Hodl! but maybe take a few staggered gains on the way up.


Since my last post, I consolidated more ok and with these 2 coins, still quite nice and early.

One problem with this strategy? It can fall apart quickly because consolidation leads to diversification. As soon as you make any significant gains in BTC, you want to start spreading them around in all the projects you‘ve been noticing in the interim.

However, this does expand and deepen the playing field once again: the cycle continues. Consolidating means you can make better gains, but it’s more risky, although easier to track the chosen few. Diversifying is more work. But you can take shorter gains and increase them.

Crypto is addictive stuff! Exciting times! Keep calm!

*Note: This is not financial advice, just some personal ramblings about trends and tactics I’m interested to share.

My related posts:


Q. If you had to consolidate into 5 long-term HODLs, which coins would you choose?!
What are the projects you’re really into, and understand the best?

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BTCBitcoin9386.950$2.17%6.67%
EOSEOS19.010$10.21%74.31%
ETHEthereum687.329$2.9%13.97%
NANONano7.420$2.33%4.28%
TRXTRON0.082$7.27%56.26%

This post has received a 0.76 % upvote from @booster thanks to: @ade-greenwise.

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