Sun is literally a master marketer.
Honestly, so far, all I've seen is utterly atrocious marketing on his Twitter. The contradictory information and lack of actual communication on Steem itself has been enough to drastically tank any actual NYSE listed company's share price beyond repair, for certain. But, this is crypto and he's given a free pass.
Haven't you heard the phrase, "any press is good press". He has that down to a "T".
He keeps his name and Tron in the press very well and that is what matters in crypto.
That being said I do agree that the communication around the steemit acquisition has been pretty terrible. Hopefully that changes in the days and weeks to come as we get more clarity on things.
Overall though, I still think he does a great job of keeping his project in the headlines which is very important in a speculative driven market.
Well .... Steem was .11 cents before TRON rumours and went up to .33 cents after the News ... This is rare .... it is usually Buy the Rumour Sell the News. This is a 200 % gain. Not too shabby. I'll take that press any day. People who sold the Rumour at 11 cents are hurting.
Let's not forget the fact that Steem was showing signs of having bottomed out and regained some strength prior. In addition to Bitcoin finally breaching 10k again, then falling back below, then rising above it, again.
I'd say the news has actually had very little impact on market price since the announcement, and that'd be mostly down to the sheer amount of confusion surrounding the contradictory information being released.
The above image is a Weekly chart of the Steem/BTC pair on Binance. "W" for Weekly. We were oversold and began to show upward momentum in late November and December. What we've been seeing is, for the most part, natural price movement alongside Bitcoin making moves.
Yes I would agree that steem had already bottomed and almost doubled before any Justin Sun/Tron news started to really leak out.
Well .... then like all things @NED he was just very very unlucky and Sold at the Bottom. I have made the same mistake many times. It's all crystal clear when looking backwards in Time with 2020 Vision....
I don't think Ned really gave a shit for a long time anyway. It was evident when he said he was making something new and distancing himself. He could've kept on and waited for the next bull run but who knows when that could be? Better to just finally cash in and know you're capable of living comfortably and supporting your next venture.
But yeah, in short: always keep an eye on the charts, especially higher time-frames, to get an idea on whether fundamentals are really playing a significant part in price direction or not. To dismiss the potential that this news has influenced the price to some degree would be dumb, given all fundamentals play a part, but the charts say that it certainly wasn't the leading cause to movement.
Who knows.... Best to always convert a little to Cash (via Ethereum on Blocktrades) Every spike provides an opportunity to sell a little liquid Steem and SBD if you have any...