Is Tron Worth Investing In?

Is Tron a Good Investment? 3 Interesting Facts to Consider!

Tron has gained so much popularity recently in the social media and cryptocurrency circles. It has even won some Gallups of the most potential cryptocurrencies in the world. The price became 10 times higher in a few weeks during December 2017 and probably new millionaires were born.

What is Tron? Is Tron a good investment? Who are behind this project? Does Tron have a future? If you are looking for answers to any of these questions, you have come to the right place. I hope you’ll find my article informative and it will help you to understand more this project. If you have any questions, feel free to ask them below and I’ll be more than happy to answer all your questions personally.

What Is Tron?

Tron is a cryptocurrency created by a famous Chinese entrepreneur called Justin Sun. You can take a look at the whitepaper of Tron to find all the details about their project. It’s very thorough and explains their philosophy in a great detail.

The ICO (initial coin offering) of Tron was so popular that Binance crashed. Binance is one of the most popular cryptocurrency exchanges in the world. I’ll publish a review of it soon to tell you more about their services.

1. The Value of Tron Coin Became 33 Times Higher in 15 Days

The value of Tron really jumped to the sky in December 2017. 6th of December people were trading it for 0,2 cents (=$0,002). The value started rapidly rising and Tron hit its peak back then in 21st of December. The value of one Tron coin has become more than $0,67. That’s a pretty big jump, huh? I wish I would have been part of that lol!

Let’s imagine that somebody invested $33,000 in Tron in the beginning of December. Now he would be a millionaire. That’s crazy. If you think that $33,000 is a huge amount, let me tell you that I gained +$50,000 with cryptocurrencies in less than two months and one of my best friends made +$1,000,000 in two days. So yes, people are really putting in lots of money and gaining as well.

2.Tron Is a “Real” Cryptocurrency

There are some so-called cryptocurrencies that are just scams, Ponzi schemes or something like that. Then there are real cryptocurrencies and projects that provide real value and try to improve the world. Some of the most famous crypto scams are BitConnnect and CoinSpace. Gladly, Tron isn’t one of them because it’s a real project by a strong team of developers.

• Decentralization

There are two kinds of cryptocurrencies: Decentralized and centralized ones. The idea of decentralized cryptocurrencies is that nobody is running the show. Compare it, for example, to the current financial system. Big banks and governments are running the show are deciding what happens, how much money there is, etc. One of the first ideas of cryptocurrencies was that it wants to take the power away from the banking system that has too much power.

3.Tron Gives Credits for Creators

The goal of Tron is trying to build a platform/technology that gives rewards and credit directly to creators. Actually, Tron is trying to build something else than just a platform. It tries to build a whole “Internet” where creators can get rewards for their work.

Conclusion — Is Tron a Good Investment?

Based on the factors that I explained in the article, I believe that Tron has a good potential. I can’t guarantee the growth but I’m pretty convinced that the price will grow at least in the short- and mid-term compared to fiat currencies.

At the moment I am personally investing mostly on the biggest cryptocurrencies but I may put a small amount of my portfolio to smaller coins like Tron. If you find the most potential coins, you’ll make a fortune. I have researched tons of different cryptocurrencies and many of their prices have gone up 10, 50 or even 100 times in a year. If you invest $1,000 in a coin that goes up 100 times in a year, you’ll have $100,000 when the year ends. Not bad, huh?

That being said, there’s risk with any kind of investing and you should also take that into account. I usually like to mention about proven ways to make money online as well. You probably know that you can make some money with cryptocurrency faucets and by mining but the rewards are so small that it’s not worth it.

HOW CAN YOU BUY TRON?

To purchase TRON coins, you need to have Ethereum, Bitcoins, or any other top altcoins. It is better to buy Bitcoins or Ethereum in the market and then you can easily use it in Binance to purchase TRON crypto coins.

• The first thing you need to do is you need to buy Bitcoins from websites likeCoinBase, ZebPay, BlockChain (UnoCoin). All these websites would ask you to verify your account with your real identity. So signup and immediately upload your verification documents. I personally use Coinbase as it is very easy to use and it is widely recognized wallet.
• Once you received your bitcoins, signup on Binance.com which is an Official crypto exchange website. This is one of the most popular websites for crypto trading. TRON is only available on Binance and Bitfinex websites as this is a new cryptocurrency. Click here to signup on Binance to buy IOTA cryptocurrency at the best price.
• Now go to the “Deposit Withdrawal” section and click on the Bitcoin (BTC). It will show you a unique BTC address. You need copy this and go back to your wallet where you bought bitcoins/etherium. Now, send an amount of BTC you would like to transfer to Binance.
• Once you have completed the transaction, Added BTC will show up in your Binance account within an hour. Yes, it takes some time to complete the transaction.
• Check your account after around an hour and you will see your BTC in your Binance account. Now click on the Exchange “Basic” and search for TRX/BTC exchange. There are hundreds of other cryptocurrencies also listed over there.
• Enter the amount of TRON coins you want to purchase and it will show the total amount of BTC in the column below. Once you click on the Buy button, amount of TRON will instantly get exchanged from your Bitcoins and you can check this on Funds –> Deposit Withdrawal option again to make sure you have received the TRON coins.

Well, this was all from my side, hope you guys enjoyed reading this answer and have started thinking of investing in TRON cryptocurrency. Share this article with your friends and if you any comments and suggestions feel free to write them in the comment section.

Cheers.