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You can buy TRXDOWN on binance. It's +36% during 24h
I already bought 6 TRXDOWN. Its not much but I hate trx.
It's different this time! This time I have a bag of stables prepared and TRXDOWN on my dashboard
Binance Biggest Losers List as of right now... 1. SUSHIDOWN, - 40% 2. ADADOWN, - 32% 3. XLMDOWN, -31% 4. DOTDOWN, -30% 5. TRXDOWN, -29% 6. LTCDOWN, -29% 7. UNIDOWN, -29% 8. ETHDOWN, -27% 9. EOSDOWN, -26% 10. LINKDOWN, -25% Down Is The New Up.
Some options that I think could easily drop 90%: EOSDOWN LTCDOWN TRXDOWN FILDOWN
"To provide a better trading experience for our users, TRXDOWN will undergo a 100,000-for-1 reverse token split"
>TRXDOWN This was just a reverse split. No gain there. They just adjusted the amount. By taking away coins and increasing the price the overall stays the same.
Has anyone seen the TOKEN TRXDOWN on coinmarket cap? If I understand correctly, someone is going very short against TRX. Does someone with knowledge explain?
Some background, that price increase is not an error, or caused because it's a new token. Binance sometimes consolidates tokens, meaning they slash zeroes. Think of it what countries with hyperinflation do. Venezuela, Bolivia, etc, once their currency becomes worthless, sometimes they slash 4-6 zeros from it. What Binance does, it's similar. What used to be 10000 TRXDOWN tokens became 1 TRXDOWN token. The tracking websites report this as a price increase, and technically it is. But if you held that token, you would get those tokens replaced at a ratio of 10000:1. TL;DR Token reversal split makes tokens more rare and thus increases price.
TRX, I made more buying TRXDOWN on binance than holding it an staking since January. Finally got rid of all my TRX and bought ETH this week.
What’s the best leveraged short token on Binance? Eyeing up TRXDOWN
If you're really afraid of a bear market just throw a chunk into some TRXDOWN or whatever. Either way you'll win
Fellow Binancians, To provide a better trading experience for our users, YFIDOWN, UNIDOWN, ETHDOWN, TRXDOWN, LTCDOWN, XLMDOWN, FILDOWN will undergo a 10,000-for-1 reverse token split.
This doesn’t effect me or maybe most of us but seeing as how leveraged trading has caused some rektaged the last few weeks I thought I’d post this here. Binance has announced that the following tokens will undergo a 10,000-for-1 reverse token split: YFIDOWN UNIDOWN ETHDOWN TRXDOWN LTCDOWN XLMDOWN FILDOWN
Personally i don't have an issue with paying taxes. For me, taxes are there to help the kind of people in extreme poverty this thread is about. It is not like i have worked 9-5, 5 days a week for this profit, and i'm quite happy paying tax on my normal job. If you are concerned though (not sure what the rules are in your country) there might be a tax-free proportion you could take out? Or you could buy a few leveraged tokens like XRPDOWN and TRXDOWN to hedge against a crash.
Thanks for the input! Last crash took a year from peak to trough, so do you know how this would affect me holding something like TRXDOWN for that long? It's something i need to research more.
Okay so i lost 95% of my stack my holding through the last crash, so my initial plan was to scale out in chunks this year, be 100% out and then buy back in a year from the top. Then i thought if i'm confident that the market will tank i should at least invest a small amount into derivatives when i feel like we are close to the peak ( you know, Bitcoin dominance under 35%, RSI on all coins above 90%, most alts going up 50% day upon day). I'll pick say 2 or 3 of the scammiest looking coins that Binance offer derivatives for and essentially short them. I'm thinking XRPDOWN and TRXDOWN could play out quite well. These are leveraged so any gains or losses are amplified, so i'd never chuck my whole portfolio value at it. I think 10% is a decent play.