FW by John Gannon: Ignore everything in the market right now because unless another bitcoin fork comes around in the future, it isn’t likely going to happen again.
The fork has basically tilted every coin, including ethereum, out of focus. Bitcoin presently is holding a 61.3% market dominance with over 90% of all investments resting within the top 10 coins.
Ethereum isn’t dead, neither are any of the altcoins which have lost massive percentages over the past couple months. They’re just not being focused on at the moment.
That can change in an instant.
Buy and hold. That’s the advice. Get in at a price you’re comfortable with and simply ride it. After November, we are going to see some serious shit.
2017 was the year of bitcoin.
2018 will be the year of crypto.
Invest now. Invest wisely.
Tron is the brainchild of millennial Chinese entrepreneur Justin Sun. Instead of erecting yet another blockchain protocol aimed at unseating Ethereum, Justin took aim at the Internet itself and set out to create a decentralized version of the Internet with entertainment and gaming apps as his chosen niche. Hollywood could not have cast this movie any better: Justin is a protege of Jack Ma, the founder of Alibaba, and has recruited senior Alibaba programmers to the Tron cause. Justin’s investors are the who’s-who of China, including other prominent businessmen supported by Jack Ma.
It is my hypothesis that Jack Ma is either incubating the token to be used by Alibaba (the company that had a better year than Amazon and is racing toward a $500 Billion market capitalization), or he is more discreetly supporting Tron as an advisor or silent partner to Justin. Jack Ma has openly stated that he is not a fan of bitcoin, and humbly admits his lack of knowledge of the blockchain. But he does want to see wealth distributed more equitably and would naturally get behind a token such as Tron if it took off. A lot rests on Justin Sun’s shoulders and his ability to execute and bring honor to his Chinese backers. A lot also depends on the Chinese government and its loosening of Crypto trading regulations in China (something which I believe is inevitable).
So far, Justin Sun has shown an incredible resilience and commitment to his project (much like a Chinese Mark Zuckerberg). This past fall, his ICO got caught in the crossfire of the Chinese clamp down on ICOs and cryptocurrency exchanges, setting him back several months. But he pulled himself up by his bootstraps and with the help of exchanges such as Binance (known for supporting Chinese tokens), he re-launched Tron in Q4 of 2017. He has cut several partnership deals, bringing in millions of prospective customers, and has been working on a dog version of Cryptokitties (the popular virtual pet game that actually slowed down the Ethereum network). His flair for marketing and Twitter self-promotion (which may be off-putting to some in the West), is in fact an incredible asset over the long haul as mass awareness of his token — using all means available — becomes far more important than style points and message discipline. This is especially true for Justin’s asian and international fanbase, which doesn’t really care if he compares himself to a digital knight “tilting windmills” with CGI dragons. They just want him to continue being Justin and make Tron a big success.
With respect to how much TRX will be worth in a year, my guess is anywhere from $1 to $10. It may, in fact, go higher than this and confound crypto market watchers and analysts. I can see how $10 might seem totally implausible to some given the current circulating supply, total supply and market capitalization. But price is ultimately a function of supply and demand, and I think we will see Tron’s price be much spikier than everyone expects, especially if there is mass adoption in China and Asia by the end of 2018.
Following are some of the factors that could help Tron break out:
Justin Sun locks up (escrows) more tokens. Already 34251807523.9 TRX held by the Tron Foundation had already being locked up until January 1st, 2020. If more tokens are locked up and there is no perception that the management team is cashing out behind the scenes, Tron should continue to rocket upwards.
Coin burning is implemented and investors see it actually working.
Major partnerships are announced that give Tron a monopolistic advantage, especially in China and Asia. If Alibaba, for example, indicated that it was going partner with Tron, this would have a massive impact on price.
The technology is benchmarked by some real world uses cases and shown to scale.
China reverses its ban on crypto exchanges. That’s 1,412,435,000 people (as of January 10, 2018), which is 18.6 % of the total world population. If even a fraction of the Chinese population invests, Tron will shoot up in value.
Tin hat types who wring their hands every time someone calls Tron a scam should not invest in cryptocurrency. Bitcoin, Ethereum and Ripple have all been called scams (many many times). All three of these major coins have been criticized, dumped, and written off during their climb to the top. Tron will become one of the world’s leading cryptocurrencies, especially in the entertainment and gaming space. Invest early and hold. Ignore the FUD.
Operating on the basis of Tron being a method to cryptographic-ally sign original content - I have a question for you -
When someone creates original content on the tron network they are given a token (a coin) that signs that content with the unique id of that coin right?
Thereby validating the producer of that content with the integrity of the block chain.
And the signing for that token COSTS X amount of TRX and then those TRX are burned as a result of that transaction?
Do I understand that usage correctly?
anyone can help with some tokens? I just want to be in the crypto field.
i will be rude and send this message to any group and everywhere hoping to get some tokens, i create this ethereum wallet for this purpose:
Sorry and Thank you
「harry warmerdam：@all Team Tronics is happy to announce a partnership with the leading crypto payment provider HummingPay. This platforms gives small and big companies the ability to accept any kind of crypto.
Please support them, follow them on twitter and Lets make this huge all together!
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Team Tronics很高兴宣布与领先的加密支付提供商HummingPay建立合作伙伴关系。 该平台让小型和大型公司能够接受任何类型的加密支付。