Today i go over the recent FUD about the Tron TRX coin. Let me know what you guys think will happen with the coin burn and if you are invested in TRON!
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There is a confusion between coinburn and coin redemption. Tronix is having a coin burn! Paccoin is having a redemption! Only the 1:1000 ratio is being applied to the Paccoin. Tronix is having a burn of Tokens involving no redemtion process. EG the current supply is 100,000,000,000 TRX this will be cut by 10%-20% or whatever they decide to burn of floating avaiible tron leaving a smaller supply thus making the token more valuable. Paccoin is making its coin 1000th the value so you can trade more ealiy against the price of satoshi at the moment 1 paccoin is 0.000031 cent(usd) after redemtion that will be worth 3.1 cent making it far greater in value and easier to trade agains satoshi.
Same feels man, it sucks to see it drop but it happens. Good thing is that TRX isnt a pump in dump like most coins. If it is, then why did it jump from 200th place to the top 20 in a week, and how in the world did it HOLD its place in the top 20 amidst the whole crypto market crashing.
Telling you man, this is a gem. Prosper we shall!
CryptoRebel YESSSS. Finally I get to meet someone who did the same thing as me and suffered the same emotional turmoil. When tron was mooning I was watching and couldn’t explain what a feeling it was to see 3 years of work be made within minutes.
I did the same thing you did. Didn’t sell any of my holdings. And even though a side of me definitely regrets it, i actually don’t regret it at all. Two reasons.
1. In the state of Florida if you hold a coin for 1 year or more and than decide to sell you don’t pay ANY taxes. That’s right 0% to the government and 100% to you. That’s fucking insane. If I would’ve sold my tron at .31 I would have a lot but I would also have to pay 40% of that profit in tax. If I wait it out and look at this as an investment and not a quick flip, tron could easily grow past it’s all time high.
2. It was a great experience that I am so glad I felt now because like you said, next time I see a 100x profit margin I will not act upon emotion and make the right decisions on the spot to the TIT.
Let’s prosper my friend.
Just gotta be quick to sell around the 90c range if that does happen. Once people realize they are all millionares, it will most likely trigger a MASSIVE sell off. I was a fool for not taking enormous profit i made when the coin hit 30c But I will never make that mistake again lol
Coin burn... I don't think you have got the way the burn will happen right... They will burn what they own... they cant burn what they don't have... Please do more research on the coin burn they want to do they same a rippile.
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If there will be a coin burn is there a specific wallet that we need to keep our coins in for an automatic transfer? or do we transfer back to the exchanges to initiate the process manually? Thanks in advance @BradsCrypto
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