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Tron (TRX): Why Should I Hold Tron?

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Every Tron (TRX) HODLer keeps asking the same question, why should I hold Tron? We believe HODLers should focus not on the present, but the future.

We are jumping the gun a bit and time traveling to the fourth quarter of the year. The reason for doing so is that when we dwell too much on the current happenings in the crypto markets, we will most likely lose our focus and forget to remember the main reason we believe in our favorite crypto projects such as Tron (TRX). Many of us believe that these projects are the future, so let us head there and postulate how things will be in the crypto verse with a fully functional Tron Mainnet. The latter platform would have integrated BitTorrent into its network by this time.

Pornhub Is A Golden Goose

From a realistic point of view, the adult film industry is loathed as well as loved by many. So, let us put on our business hats and forget our morals for a bit. The adult film industry is worth $97 Billion annually. Pornhub and Traffic Junky – both of whom accept TRX as a form of payment on their platforms – are the industry leaders when it comes to online content in this industry. They are the Amazon and Apple of Porn and Tron is tagging along seated in the passenger’s seat of a very bright future.

Pornhub currently has a service where amateur performers can upload their content and be paid according to how many views their videos get. With time, this content will be too massive to store on Pornhub’s IT servers and this is where Tron and BitTorrent come in.

BitTorrent

The exact method of how the Tron foundation plans on integrating the BitTorrent platform is somewhat vague to many. But Justin Sun stated the following after the acquisition of the peer-to-peer file sharing platform.

“The project is in collaboration with BitTorrent, and will extend the lifespan of their torrents’ swarms, offer rewards to peers who seed torrents, infuse resources into the torrent ecosystem, and establish financial rewards in return. The project will transform the way people share and consume content, helping to re-shape the industry for the better.”

The seeds, or machines with the partial files on BitTorrent, can also store the content from Pornhub that is in excess for their local servers to manage.  TRX will be the standard form of payment of incentivizing the peers to keep their machines connected so content on Pornhub can be accessed quickly.

There is also the likelihood of decentralizing the music industry. Imagine paying for the next Kanye West or Eminem track using TRX.

Decentralized Applications

The Tron project has entered the most crucial stage after the launch of the Tron Virtual Machine. This phase is the DApp phase where the network will truly be used for applications. This means that the over 10 Million users on Peiwo and other Tron-centric apps, will eventually be migrated onto the network. There is the other 150 Million active users of BitTorrent who will also play a part in all this according to Project Atlas.

In conclusion, the current decline of TRX in the crypto markets should not be a cause for alarm for the many HODLers out there. The current value of TRX at $0.0195 is gut-wrenching given all the updates and developments evident with the project in the short time period of 1 year since its ICO. But with the future is looking bright as described above. Q4 of 2018 and 2019 will be a good time period for TRX in the markets. The project is on course towards solving the real-life problem of decentralizing the web. This should answer the question “why should I hold Tron?”

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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.

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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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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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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