Bitcoin Forum

I guess you guys already heard about Wall Street Bets vs Melvin Capital and how a group of people at Reddit bought up GME while Melvin Capital had a huge short position on it...?  If you live under a rock, go look it up.

Justin Sun is gonna buy the stock too.  TRX is being bought up by Wall Street Bets in return.  Fun times we live in.

https://i.imgur.com/c1UbcUb.jpg

*okay, we'll see a bullish Tron again...
I joined a telegram group and many reported they were stuck at high prices during the Dogecoin bulls. getting stuck in bullish is annoying. I hope Justin can keep Tron prices stable. *btw, I HODL a few thousand Tron, hopefully, it will give me a big profit. thanks for this good news

These kinds of stuff are working once, like the Black Toilet Paper. And the crypto is not like WS.

TRON price will move with much. DOGE price is normalizing. I even made a risky bet that paid off - shorted DOGE this afternoon @ 3x Cross Margin and now closed the position on a hefty profit.

Stick to your normal trading routines and discipline, and do not blindly follow every 'tip' and tweet.

OMG this guy is so fucking crazy, he was always joining at the late game. he will be using his money from selling his tron lol.  :D

He was creating it to give more exposure to the WSB traders about tron. I do believe he was hoping the WSB traders on reddit can try to pump tron after doge

It's so fucking funny.
I like Justin is not caused by he was an important person in TRON but he likes to trolling his community.

If Tron pumps really happen, I am sure many people who held Tron from a long time ago will prepare their coin to be sold at the market with their own target price sell.
It can give them good news for the Tron's holder to wait for that time, and I am sure they will not have a problem waiting for a while.
This year will have much good news for the coins holder since the altcoin season will come soon.
But always be careful with that news because we never know if that will happen soon or not, and we should be patient for more.

What I see in this guy is a very opportunistic and visionary person about what he does. You are thinking the same way, indeed if what is happening then there is a high chance that TRX will pump in the near future. I love this and hope it happens because I also have a lot of TRX. :)

I think that no one has any doubts that Tron will rise in price, since the coin and the platform itself are in great demand among gambling and app developers, and at the same time, cheap transactions within the network must be taken into account. But I am wondering, What predictions can be made for the price of Tron in the most optimistic mood in the altcoin season?

Im buying at 0.3 and my target is at least 0.5 to sold some of them.
I have bad experience trading with TRX because i buy it on the peak, hope its not happen twice at this time.

I agree with the first part Justin Sun is opportunistic and will jump on to something to gain attention and he has done that all the time and he is talking about purchasing GME and promoting his token hoping that the team behind the pump will give him the profit he is looking for to dump his holdings as well and i checked the market and the price is down and lets see whether his tactic will work as he desire  :D.

Looks like you are twice unlucky as the market went down after a few hours of gain. The risk is higher if you are planning to ride these pumps as you never know when these groups will book their profit, the best option is to invest when the price reaches the average valuation and then wait for the pumps and then book your profit. You need to have the patience and you cannot make money instantly all the time.

I've missed this news, so, did Justin Sun did what he said? This is another chance for him to get the attention of the public and take advantage of it to get some pumps for his beloved TRX and probably with other coins that he's affiliated with like BTT.
That's nothing new for the guy.  :P

Wonder if he really did buy GME. He always wants attention. Maybe he wants to follow the path of Elon Musk, but they are different. Elon is tweeting something because he wants to share what he thinks. But Justin Sun, he tweets something because there's business behind it. As usual, he wants to promote his platform. Nothing more than that. People should be vigilant these days.

he was saying will try to buy GMEworth of $10 million USD.
https://twitter.com/justinsuntron/status/1355163433700745220


All of coins were affiliating with tron already pumped and that's it how the connection will be dictating the market. I have been joining in WSB telegroup and yesterday the WSB community was pumping SUN token too.

That's what I'm asking too. He don't want to follow Elon's path, he's just used to be an attention seeker even years ago. That's what he's been doing just to give attention to himself and also to the coin that he owns.
It is a publicity for Tron as you what you can read, it's included in what he have said.

I think that you should watch his tweet again about GME and he was adding more amounts to be invested into the GME stock. i don't like this guy as he is not even having a good vision for his platform.
That being said if justin is always shilling his coin. he only cares about his money and no more.

I reckon much of us are misinformed on this story behind GME. The mainstream media always creates exciting storyboards for more clicks hehe. The real story is this pump was started by Michael Burry. It only begun a domino effect from there.



Burry's hedge fund Scion Asset Management spent nearly $15 million to purchase 5.3% of ailing video game retailer GameStop at between $2 and $4.2 a share. According to Forbes, Burry's play was to convince GameStop to use its cash to buy back stock – thereby retiring about half of its shares outstanding.

Burry, who was dramatized by Christian Bale in "The Big Short", called for GameStop to exhaust its $300 million buyback authorization in a sharply worded letter to its board of directors. The company's entire market cap at the time of his letter was just $300 million. Burry's play reportedly sparked one of the most out-of-control trades in financial history, resulting in billions of dollars in paper profits for some investors – including quite a few amateur speculators. In turn, this caused billions in losses for some of the world's biggest hedge funds.

Source https://meaww.com/michael-burry-game-stop-scion-hedge-fund-honcho-minted-millions-2008-crisis-again-covid-19-pandemic

https://fintel.io/so/us/gme/scion-asset-management-llc

Lol  ;D ;D Made me Laugh but worth the message.
I am also lucky in Doge as i have gather some good amount last year  but manage to maintain in my wallet as the gambling site that i use to love playing closed so i stopped using my doge that time.
I don't know why coincidence becomes connected to These people , Doge to Elon Musk and now Tron to this one Justin Sun.

This guy is not stopping yet to create more and more sensation. I do believe if he wants to spend a lot of money to pump its own coin lol.
All of the coins on TRX ecosystem already pumped even if that's a short-term pump.
It looks like he will be creating another sensation again to attract the WSB followers to join the tron platform. It's not something new in the crypto when CEO of the company is always spending money to make its coin gets more exposure.

It was very weak move I was expecting a much better pump but it was limited.
I guess we will see bigger pumps for TRX this year. People are focusing on DOGE and XRP more right now.

Well, just for the fun and a bright side of this there's also a share with the ticker of TRX that has been pumped, look at the quote below and the link.

https://www.coindesk.com/gme-dogecoin-bitcoin-china-fomo

That was a no brainer for those who hold some of this Tanzanian Gold Corporation (also TRX) asset, lucky for them.

Not really the TRON (TRX) but the Tanzanian Gold Corporation (TRX) that's deceiving.

Justine really knew how to find attention and affiliate himself to. Although its not surprising, his TRX is just as trash as he can become. Wallstreetbet didn't know who they were dealing with yet but once they find out, they could really be dumping this TRX. 

I guess people wanted to pay it forward. Sure it is not a sustainable thing and the price already dropped like 8% today but on 7 day avarage its over 11% increase or so. Justin Sun is sooooo rich thanks to this that you wouldn't believe it, even 1% upward movement creates millions of dollars profit for him. Not only he makes profit from the Trons he owns (yet claims he doesn't own too much but we all know he has a ton) but he also has tron related business as well, like merch and other stuff based on it, that means the more tron is hyped the more this dude earns.

At the end of the day this was a great way to do PR and he could have done, this is marketing at best, he spent 1 million dollars but he has probably gained more people interested in tron than he could have with 10 million dollars, plus if he gets in with 1 million on long for GME and gets out when price reaches to 400 dollar levels, he could get out making a profit while still getting people interested.

Justin sun is always waiting to find out something trending so that he can use it to pump his TRX. After this news came out, there was a pump and dump in TRX. Even that pump and dump group justin sun posted on his Twitter! He is dangerous for the crypto community and especially for newbies. Dogecoin being a pump has created a rush among traders to catch the next pump in advance.

He's just having a problem.. He needs our attention all the time, that's why he does that. Remember the lunch with Warren Buffett? The tweet about Kobe and niTROn Summit exactly after his death? All these stuff that he posts? He is just seeking for attention.  :-X

@GreekCoiner. I agree and disagree. Yes he is only seeking for some attention to promote Tron, however, he also really bought those stocks he mentioned. But it appears he was the person who was scammed by Wallstreetbets hehehe.

https://i.ibb.co/x3Jbv79/F043-F24-A-7335-47-B6-8-DBD-2506-B4-C30-AF5.jpg

https://i.ibb.co/NNk4bYy/8-DCB726-F-D8-F6-44-F4-BBBF-74-B6628-BF2-FF.jpg

Source https://twitter.com/justinsuntron/status/1356267102689140737?s=21

^  Rofl.  He just lost more than 50% of his investment gambling in GME.  What an idiot!  :D

https://i.imgur.com/Y9dYhHX.jpg

Ded.

That is really not the point here, that is really not the reason why any of this is happening neither. People assume this is the reason but we are talking about people who have been holding this for years now, there are quite literally people who have hold it for over a year, nearly a year and a half right now, all from reddit. This was all stemmed from r/wallstreetbets and nothing more, not scion, not burry, nothing else and you can't just put all the credit on some hedge fund manager when the whole thing started because we were against the hedge funds to begin with.

If he did a good trade at the time good for him, having a good trade before this started doesn't mean that he was the one that started it. That wording of "burry's play reportedly sparked one of..." part, NO it wasn't burry's play and it wasn't because of him, it was u/deepfuckingvalue and that's it.

@lixer. It was Michael Burry who made the pump began, however. He told Gamestop’s board of directors to buy back $300 million in GME stock and the company did this. This gave the stock a bullish signal.

Also, you should include the sources of my post.

https://meaww.com/michael-burry-game-stop-scion-hedge-fund-honcho-minted-millions-2008-crisis-again-covid-19-pandemic

https://fintel.io/so/us/gme/scion-asset-management-llc