bachmanity

Anyone who wants to actually sell ~$5 million of crypto does it on an OTC exchange. Orders like this are done all the time to try and manipulate and scare traders. Many times they are spoof orders and then are removed before the price actually hits that level

Disclamer: I dont own any TRX, i previously did but have since gone 100% XRP for now for several reasons Despite what BitTorrent said in the past, they are now under new ownership, Justin Sun. However, he has been very quite about what his plans are and how it will integrate with Tron/TRX. I would wait till he discusses his plans before making too many judgements. You might want to look up and see who actually uses BitTorrent, its more than you think. Your assumption is like people saying that crypto is only used for drugs and money laundering. https://en.wikipedia.org/wiki/BitTorrent "In early 2015, AT&T estimates that BitTorrent represents 20% of all broadband traffic." From 2014: "As of January 2012, BitTorrent is utilized by 150 million active users. Based on this figure, the total number of monthly BitTorrent users may be estimated to more than a quarter of a billion." "Blizzard Entertainment uses BitTorrent (via a proprietary client called the "Blizzard Downloader", associated with the Blizzard "BattleNet" network) to distribute content and patches for Diablo III, StarCraft II and World of Warcraft, including the games themselves." "Florida State University uses BitTorrent to distribute large scientific data sets to its researchers." "Facebook uses BitTorrent to distribute updates to Facebook servers" "Twitter uses BitTorrent to distribute updates to Twitter servers" And many more Thoughts on some ways they could integrate a token: https://medium.com/@jbackus/what-if-bittorrent-had-a-token-13d62a590aa7 BitTorrent also has 2 patents that were awarded in 2018 for P2P live streaming and secure messaging. https://patents.justia.com/search?q=rainberry

I think if you have verge coin that you can watch a video about Alipay's monstrous penetration

why do we really care what Jordan Belfort has to say? He was not an amazing technical trader or fundamental analyst. He was a scam artist and probably a great salesman (in the worst sense). His opinion really means nothing to me

the code for tron is starting to pick up a lot of FUD. Seems large chunks of it could be plagarized. Anyone thinking problems when mainnet launches? Freezing like EOS? https://medium.com/@DAR_crypto/trx-we-found-new-instances-of-code-copy-without-attribution-but-these-pale-in-comparison-to-the-305aff860f8b

I would wait until Justin Sun comes out and shows their plan on how theyre going to use and incorporate BitTorrent and Tron. Sure this could be a crash and burn, it could also turn out to be a huge boost from Tron Here's some quotes from wikipedia: https://en.wikipedia.org/wiki/BitTorrent " In November 2004, BitTorrent was responsible for 25% of all Internet traffic.[2] As of February 2013, BitTorrent was responsible for 3.35% of all worldwide bandwidth, more than half of the 6% of total bandwidth dedicated to file sharing.[3]" "As of January 2012, BitTorrent is utilized by 150 million active users. Based on this figure, the total number of monthly BitTorrent users may be estimated to more than a quarter of a billion.[9]" Thoughts on adding a token to BitTorrent https://medium.com/@jbackus/what-if-bittorrent-had-a-token-13d62a590aa7

Spoken too soon, much like your disparaging XRP comments will be by the end of summer.

In short, its a bit of a mess right now: To the IRS, all cryptocurrencies are property Seems like FinCEN called XRP a currency SEC said BTC and ETH are not securities, which would seem to make them a commodity. But many other cryptos are probably securities but could transition over time to stop being securities CTFC is allowing bitcoin futures which seems to definitely agree and make BTC a commodity and rumors ETH will soon have a futures market

This seems to be the end of the rabbit hole. @PunishmentOfLuxury's quote clearly states that the settlement "does not bind any other federal agencies ... or regulatory agencies"

Seems that Justin wants to keep quiet about BitTorrent for now https://medium.com/@cryptonatorFR/justin-sun-was-on-huobi-talk-4d322a8bf372 "Host: Yesterday,news reported that you acquired bittorrent. A blockchain company acquired a very popular traditional leading software company,which shocked everyone,what is your strategic intention? Justin: I have full respect for bittorrent.It is a decentralized information transmission protocol. It may be the first time that humans have used a large-scale decentralized peer-to-peer communication protocol.It was Invented in 2001 and then was formally commercialized in large-scale in 2003.Its concept is very much in line with our blockchain world, and it is decentralized. At the same time,it has integrated into the real economy includes making the Internet faster by decentralizing.There are many technical geniuses in this company,this is our wealth. Regarding how we can unite with bittorrent,I will keep it secret first.In July,we will have some activities with bittorrent,please pay attention to that,thank you."

I dont see any reason why whales, wallstreet, hedge funds, whoever you think the big players are, would want to kill bitcoin. It is/can be a huge money maker. Why would they want to suffocate it to the point where its not even profitable for miners? I can definitely see them using futures to profit off of short positions and manipulating the price as it gets close to expiration dates. Its been done in other commodity markets for decades. Yet they dont want to completely kill the markets

I like the BitTorrent buy. I think it just furthers my view that Justin Sun is a smart and aggressive business person which is rare in the current crypto landscape Im a little concerned that other have tried to use BitTorrent in a similar way that Sun is going to and have failed, but I guess there is no comment from Tron or Sun as for their plan yet so maybe they have a different angle at it and maybe now joining with crypto will change everything

I think it depends on your time frame. Nearly every chart right now has a positive divergence on the 4 hour chart between price and RSI. And RSI is looking oversold. Nobody knows but I'd say your too late right now. My best guess is that the bear will cool off and price will hold stable or rise for the next couple 4 hr candles. Your guess is as good as mine after that

I think its very possible BTC could hit those numbers but i dont like that the whole premise of that chart is, well this is what happened in 2014 so that where were going again. The market dynamics are very different now then they were 3-4 years ago.

This is one of the best charts that ive seen posted. Its been right on so far. Well done @sneaks. By the way, can you publish this on trading view so people can follow along on the progress in real time? Lets hope for that upwards movement in July