Through the time I have spent investing in crypto I have learned that it is not always best to HODL. Yes this is a game of riding the wave, and a constant hope that the future will bring greater returns. Being informed and staying in the loop is a lifestyle when it comes to reading up on the platform of any coin. Partnerships, endeavors, future plans, and technological advancements all play a part. Specific coins can easily become obsolete if their utility/mission statement ends up getting wiped out by a better service. Or if innovation produces no need for a coin. An example that I can think of that I personally invested in was DENT. I jumped into it without really doing my research, and ended up having to sell at a loss (could have experienced greater loss). I really believed in this company and had high hopes. I could still be wrong since a company can pivot and expand at any point. Adapting and evolving with the changes of technology and society. But eventually after seeing no growth it got me thinking. In the future will we really need to be selling phone data from peer to peer, or to others in less fortunate countries? I don't think so. With more satellites going to space and more people experiencing the internet, I believe cellular technology will eventually become cheaper if not free to a certain extent. Without getting carried away another example I could think of where I missed out by selling too late was Ripple. Without speaking on it too much I should have sold when it was above $3.00... I honestly had high hopes of it reaching $5-10. I bought in when it was around .50 cents and sold at $1.33. Yes I hate myself for delaying on this! I could have cashed out...
Anyways to get back to my point, what are your guys' thoughts on Tron? I have been holding on to it for a few months now, and in the midst of a decline. I still don't know why they are continuing to offer their coin on more exchanges. SCARCITY 101. Less is more in anything. Why I continue to hold on is the hopes I have for their Asain market, as well as their coin burn "which is said to happen in the First Quarter (Q1) " so anytime now. Patiently waiting to hear the news and see the outcomes. Would like to hear what you guys think, preferably those holding on to it.
Thank you my fellow Steemians.
Im holding. Unfortunately, I got in at .12 usd and hope that the asian markets and coin burn helps. Im not looking for a boom, though that would be nice. Its a long term deal in my eyes.
Thanks for the reply. Yeah I'm not looking for anything crazy, will most likely sell around .20 usd unless I see momentum. I agree a boom would be nice. Going to ride it out and see if there's anything in the near future that expands business or creates value. Hopefully the burn catches flame. @krazed98
coin burn will be over time, price won't be affected immediately... it would be an algorithm based coinburn over time... like for example burning a percentage of transactions or something. in the long run a coin burn is Always good imo, less stash with same demand, price goes up... now i'm not an expert just common sense and that's what i could find of information...
-and also a trx hodler, bought in at 0.3, 0.4 and 0.6...-