Tron is up 25% - Time to sell out to Rebuy when the price drops - Free TRX #462
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Converting Trx into USDT from metamask wallet to Binance
In this trade i am hoping to gain between 10-20% extra tokens. I have cashed 5000 tron tokens in the hope to get back 5500-6000 when are if the price drops. I have sold at pretty much exactly 5 cent and my buy back target is 4 cent. If i am thinking about it to much and it is annoying me, i will buy back in any profit will considering withdraw fees. I think we will see 4 cent Tron again
Here is my view when i began the trade
This is a 7 day view
I am going on the hope that the peaks i have circled in blue will repeat the peak circled in red. I dont do charts and really only check the total total marketcap value everyday. All i know is what goes up must come down and when something jumps 25% in a day, it is likely to drop 10-20% in the days to follow. This is not advice and is just what im doing.
I have selected Binance because it's the biggest trader for Tron, i have an account and it's interface is piss easy to use. Well done binance, you nailed it
First off, you can not send your tokens directly from a metamask wallet to an exchange. That would be to easy, no,no. There are other things you need to do first. You need to visit myetherwallet and set up a new wallet, then sync that wallet with you metamask wallet. I know that sounds messed up but all your doing is linking 2 accounts together, it very simple and takes 2-3 clicks. From there you send your tokens out of your wallet through myetherwallet
After you hit the 'generate transaction' button your matamask wallet will spring into live and you will get a pop up asking to confirm the transaction
I get this pop up from the i think Tron newtwork. It is too small for you to read but it is basically asking me to confirm the transaction with 1 tab, and other tab is for viewing the transaction on the blockchain
Over on Binance, i go and check my depositing history. I had 10 confirmed's after about 3 minutes and it completed in around 7-8 minutes so no complaints there from me.
We then jump to the BTC/TRX market and sell the 5000 at the coming rate for speed. Im not into checking and rechecking a trade all night to gain a few cents. Get her done and dusted, i received 0.029 BTC for my troubles
After this i visited the BTC/USDT market and converted the bitcoin into tether as it is more stable. I have put this in blue. I would like to ask why i have ONT and GAS in red when i have never traded any? The Neo is leftover from a buy but i have never one time traded the other 2. Just wondering is all?
What next?
I play the waiting game and lay low. Wait for the price to drop to between 4 and 4 and a half cent. It is sitting on 4.7 cent at the time of writing but i need to consider the 150 withdraw fee from binance also. I hope to with a postive result from this and will make a rebuy update post when i convert the USDT back into TRX. Wish me luck :D
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Best of luck to you man! I hope it goes down for you so you can buy up a whole lot of them. It looks like you have been watching that markets closely and know what your doing.
lol, i never watch the markets. I see something i own goes up over 20% in a day and i cash it out to buy back more when the price corrects. That the method to my madness
It's
I still have about a 3% understanding of this crypto stuff. My god am i behind. Good luck my friend👍
I sold 5000 for 5 cent each am holding the funds in USTD which is always prices at $1.
When tron falls to 4 cent each, i will buy back 6000 and back to hodl mode.
If he price goes up and never touches 4 cent again then, big whoops. Im betting im correct, more like praying
You're ok parking your value in USDT? I've always been suspicious of that currency. I trust Binance though... What do you think about parking value in BTC instead? Freaking volatile cryptos :P
I dont like USDT, but im sure it will be fine for a few days.
Im betting on the dollar price so tether i think is the best parking place for me even if i dont like