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Let's look at Tron and what happened.
All the hype, all the buzz. Perfect marketing with a nostalgic cool pop culture brand. A golden boy CEO.
Support from Alibaba. They hype is strong with this one.
But at some point an outrageous valuation must meet it's maker. When does the production start to matter.
The catalyst for Tron's epic fall, was their CEO Justin Sun doing a half-ass live stream where he came across like a teenager updated his Instagram fans. WTF? We gave this guy a billion dollars?
He's doing a garbage update selfie with giving no real facts.
He should have had a million dollar press conference. Floated in on a golden hang glider. Thousands of cheering fans. He could hit 3 main bullet points. Take a few questions from shill-reporters , and been whisked off by 20 security guards into an electric car made to look like a TRON vehicle.
That would have pumped the price.
Instead he pointed his camera at himself with a poor and angle and rambled on about nothing for almost an hour.
Say what you want about the current state of the investment community, but you should know your audience. It shows an out of touch with reality approach. Thank god alibaba is rumored to have his back.
Without the support of Alibaba, Tron will go to zero. With Alibaba we could see a brilliant recovery... but they'll need to start delivering asap.
Million dollar press conference? Really? That is a reference to a time of extravagance and waste. That is not how todays business will thrive. All of the crypto companies utilize online marketing including crappy web cam interviews and podcasts. It is efficient communication, the time and money wasted on a big show is not value added to the company. Justin Sun uses his time and money efficiently and that is a good thing. Tron has the ability to be a large player in China and soon China will unlock the crypto exchanges allowing Tron to grow in market cap even more.
https://www.inverse.com/article/39961-tron-trx-cryptocurrency-ripple-bitcoin
6 billion dollar market cap is silly. Likewise a million dollar press conference is only fitting.
I agree with you money shouldn't be wasted on extravagance. What I was suggesting was simply hyperbole.
The main point is that he should put a lot of personal time planning. Justin Sun should put the time and effort preparing for a address that a 6 billion dollar market cap deserves.
Grabbing a camera and doing a bad selfie talk where he reveals very little information in a long drawn out, self indulgent self interview is bad.
That is why his company plummeted billions of dollars moments after he spoke. He revealed himself as incompetent.
Thanks for tron's information @steem-marketing ,but I guess I need to have some more information..