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Tron for Non-Cryptos….

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Tron
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Many of you out there may be wondering about where or what is Tron?  You may have seen it in the news, heard about it from some of your millennial, geeky friends. Seen it flash up on Twitter.  But, for those of you who know nothing about Tron, we at Global Coin Report plan to change this.

Why?  Well, Tron is potentially one of the biggest things to hit the internet in perhaps the last 25 years. Yes, that big folks!

Every now and then something groundbreaking comes along to change the status quo.  It could be a new technology, a new political narrative or a new religion.  But, the primary concern here is that it most certainly changes things.  Usually for the better, otherwise people do not adopt it or want it or indeed pay for it.  So, why is Tron featuring within this lofty band of world-changing themes?  Well, its CEO, a young guy called Justin Sun, has set out to do just that.  He wants to change the way we consume the internet.  Change the way we interact with the internet.  Change the way we pay for and get paid by the internet.  In short, he wants to take on the big boys. And I just love that.

For too long now, America, Americans and the American investment community have owned the internet.  Think about it. Apple, Google, IBM, Spotify, Netflix and many more determine what we see and hear, how we see and hear it and what price we pay.  It’s actually ridiculous if you stop and think about it.  Why should this small select band of American tech giants own so much of us?  And all for profit.  Let us be 100% clear here.  It’s a closed club and others are not truly welcome.  And this is where Tron comes into play.

Tron, albeit a cryptocurrency funded organization and initiative, wants to give you and me more control over what we interact with on the internet.  Let me give you an example that will make things simple for you.

Currently, if I want to listen to my favorite artist, I can, for example, pay a monthly fee to Spotify, who will then allow me to steam it to my tablet.  Spotify, in turn, will then pay a small fee to my favorite artist.  What Tron will do is open his up.  My favorite artist can place her music on the Tron Blockchain platform and I can get access to it here.  I can buy it straight from my artist’s account.  Thus cutting out the “middle man”.  This is a lot fairer on my artist and I will get better bang for my money or Tronix coin.

There you go, a simple way to change how the internet is used.  But, alas a lot more will be needed before it all goes this smoothly.  Expect a great deal of mud to be thrown at Tron as it disrupts the current tech ecosystem.

In the coming weeks and months in this column, we will explore what is going on with Tron and delve into the potential upside for anyone who wants to invest in them in the medium and long-term.

Jim Duffy MBE

We will be updating our subscribers as soon as we know more. For the latest on cryptos, sign up for our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Ken Lane via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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