RE: What The FUD Is Really Going On?
A very good read, and thank you. IMO, I mostly agree with you, but I also see that maybe the time is coming to where altcoins need to focus their development and marketing teams to get on exchanges that deal directly to a USD trading pair (Not USDT Tether.) With the explosion of new altcoins on the market and so many new people having come into cryptocurrencies over the last three months, and since many of them, like myself, cannot afford to just simply buy one whole Bitcoin, it's time for the serious players, the serious currencies with a real product or a real product on their road map, to become more independent of Bitcoin. I mean no disrespect to the original that started it all, the mighty Bitcoin, but am merely saying that the few alts that step up to the plate and separate themselves more, just might take on growth projections that we cannot yet even fathom, or guess with any accuracy. Some may laugh at me for the next thing I will say, but I believe that the enormity of the team that Justin Sun has put together with Tron TRX, means that he very well knows this, and I truly believe his vision is long term, and HUGE! He's not trying to build the next Bitcoin, he's building the only TRON. This will not happen over night, and he knows this, and thus the rock bottom prices right now are basically irrelevant, because like a game of chess, he's ten moves ahead of the game, and sees the "T" word in market cap in a few years time. So what does this all mean? Well, nothing. Simply my gut feeling, and sharing my two cents on your great post, but I will conclude by saying that the biggest unknown in this game seems to be "time." Traders may have big wins in the short term, but patience might build dreams.
Wow, great feedback! You've brought up some really important points, especially about the need for these altcoins to start separating themselves more from BTC and working to develop legitimate projects with a solid purpose. And I have to agree about it possibly being time to start looking to another coin or token that could very well topple the 'almighty BTC' from it's throne. BTC is great and it started something HUGE, but maybe it's time to think about projects with a purpose and realizing that BTC does have it's downsides (for instance, high transaction fees for small transactions, and slow transaction times). Justin Sun is a very motivated and intelligent individual- and yeah TRX is down quite a bit right now, but I still hold my position in Tron with no plans to sell out. I try to focus more on long-term investing than making quick day-trades for fast profit. I really enjoyed reading your reply and I appreciate you taking the time to divulge all this info! Thank you!