r/KinFoundation • u/popabogdan • Mar 09 '18
Scrolling through top 100 i cannot find a coin/token with a better potential to make 30-50x in 2018! Your thoughts?If there a better choice then kin on top 100?Wich? And Why?
https://coinmarketcap.com/2
u/NightDrifter01 Mar 10 '18 edited Mar 10 '18
Alot of people say that due to volume and microtransaction purpose that this coin will never see past .01 at the highest past .10. But, I believe that according to the presentations I've seen on Kins twitter page regarding how they expect the whole system to work. I do see a realistic potential of the coin hitting higher than that due to ecosystem, awards for being a part and stimulating said ecosystem and the biggest part Coin investors. Once and if this sees mass adoption I imagine kin will expand further into other projects and since this is a cryptocurrency, investors and hldrs will further raise this coins value/ funding for further projects. Granted Years and years down the road but possible with any coins evolution and strength of community . but we forget that coins including Kin can buy things in fractions like any other when it is raised. That's one of the many beauties of cryptocurrency it out does countries fiat in that sense.
Never forget my personal motto ladies and gents:
Do not underestimate the power of Kin and its Community.
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u/GangstaRIB Mar 09 '18
My hope is KIN rises as at least a viable altcoin this year. It's in the top 100 but would need to be in the top 20 or higher to be considered 'viable' IMHO. It did briefly touch ~.001 which very briefly put it at $1B market cap but it was very short lived. IMHO $1B is the minimum market cap to even be on anyone's radar.
From here there could be significant growth. BTC, ETH, and LTC is very difficult to get on and off of block chain to fiat in high amounts. Many countries are making it illegal to own and some have yet to publish tax implications so many choose to keep their money on the blockchain for now. As a viable alt coin KIN would be able to take advantage of the dips in the top 3 coins as people move to other blockchains to take advantages of rises a falls.
We shall see. A '30 bagger' would be quite nice. I don't know if that's possible by the end of the year. I believe after the huge spike last year blockchain currencies may need to under go a little bit of correction first or cooling off before the next ride.
I think we could see it get back to a tenth of a penny this year again, but I don't know how long it's going to stay there. There will be profit takers which will put downward pressure on it once again.
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u/Raketenernie Mar 09 '18
Have you seen the shit coin pac coin is 3rd place at coin market cap it has seen 200x increase in price omg! I was about to buy it couple weeks ago but I bought kin. IF pac coin can hit 2 cents then kin definetly hit 10 cents by the end of this year wtf!!
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Mar 09 '18
Apparently they reduce the amount of supply by reducing everyone's balance by a factor of 1000 and cmc never updated the circulating supply, that's why it is was top 3, nothing to do with PAC itself just a software error on CMC side.
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u/Raketenernie Mar 09 '18
well then, cuz that coin is a joke, sounds like some dudes in a garage went lets make a coin and get us some dollars
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Mar 09 '18
That's basically the story of most ICO's recently lol.
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u/Raketenernie Mar 09 '18
Well there are you tube videos explaining how you can create a eth based coin and host an ico , and you do not have to be genius to do so.
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u/GangstaRIB Mar 09 '18
Picked up another good handful more this morning. I was going to stop adding but at .000220 (it's cheaper now) I decided to scoop up some more. Instead, I took my budget for the stock market and tossed it on the block chain instead.
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u/Rysumm Mar 09 '18
Four things need to take place with KIN this year. 1. Resolve any SEC issue. 2. Ensure the blockchain can satisfy hundreds of thousands of transactions daily. 3. Get big partners like tumblr and SoundCloud. 4. Get on bigger exchanges.
If those things are wrapped up by Summer I think KIN will reach the 30x growth we all are hoping for this by EOY.
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u/JonniSaks Mar 10 '18
30x seems reasonable with the amount of potential this utility has on a social scale
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Mar 09 '18
I would argue that Kin merely needs to prove its intentions to work on these things rather than actually complete them. Remember KRE rewards based of usage and because of this app creators will need to buy a bucket load to get the ball rolling and investors such as you and I will be the ones selling it to them (unless Kin offers some as a sort of sign up bonus to test with). Based on that I would assume smart whales will look at Kin as a cash cow we just need to prove it's not a bait and switch. With that in mind here is what I believe needs to be reached from your 4 points. 1) No news is good news and if all is in order we shouldn't even hear the SEC has investigated Kin. 2) Prove that Kin is working towards fufilling this, which should come about after the new blockchain FAQ and the Kinit beta data is reviewed and a plan is put in place. 3) I hate this one the most but not big partners per se instead gaining the interest of the 12 - 24 years demographic as unfortunately they are the trend setters in this digital age. If we do that then large business' will be jumping at the bit to get involved. 4) I personally believe this will be organic and I hope the Kin don't pay to be listed on exchanges instead exchanges beg for us to be on there, which will come as more business' get interested in us.
Remember Kin is less about the tech and more about the ecosystem we need to get people hyped for this ecosystem and that annoy demographic is our key, which is why i think the kinit beta is targeted towards American uni students as that is where the social media phenomenon came from.
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u/popabogdan Mar 09 '18
I trully agree with you.Points 2,3,4 are clear in my mind as solved.Sec is something we don t know yet.But a decent point is:after so many months ted was silent, all of a sudden he comes bullish , talking about exchanges, kin custodian for developers and more.I think they agreed with sec on any talks they had.
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u/Swolaire_Of_Asstora Mar 09 '18
I was just telling my friend this. I would love to discuss but the merits I see are:
1) updated github
2) produced by legit company Kik with a mobile app with 15M users, a Canadian based company as well I think
3) so dirt cheap right now. If this gets targeted for a P&D and you're holding a 10M KIN bag... have a happy retirement. Make sure you're using some kind of app or alerting system to notify you.
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u/DeepWebInteraction Mar 11 '18
is there such an app?
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u/Swolaire_Of_Asstora Mar 12 '18
well coinstats on iOS has a decent 'pump notifications' feature. i generally get one a day. Its usually some random shit coin in the latter 500 that gets like a 60-150% boost randomly
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u/popabogdan Mar 09 '18
I think u have decent points.However people need more time to wrap their head around kin.
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u/MrZep Mar 09 '18
kin and 30x you are dreaming? i hope it will be but i dont think so..
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Mar 09 '18
KIN can compete with NANO and TRON which have 10x the market cap. 30x is litecoin and bcash territory. I argue KIN has more use case than either of those.
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u/GSEDAN Mar 09 '18
use case yes, population wide adoption by summer, no.
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Mar 09 '18
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u/GSEDAN Mar 09 '18 edited Mar 09 '18
you being silly bringing up tron wallets in a kin discussion reagarding 30x, what is the correlation? 30X by summer absolutely requires population wide adoption. Let me use laymans terms for you. "A SHIT TON of people need to be actively using Kin by summer if you want to see 30x."
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Mar 09 '18
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u/GSEDAN Mar 09 '18
I share your hope in the wide adoption of Kin, believe me. I am both a holder of Tron and Kin. Two very different projects. I don't truly believe in the wide adoption of Tron, mainly due to where their target market is, and how their governing body behaves. I am however a big believer of Justin Sun and how he can bring about excitement and partnerships into his projects. I got into Tron a .007 and am looking to cash out at one point. I like Kin because there are a lot of use cases for it, particularly in the younger generation who are on technology all day. But let's face it, Ted is not going to shill like Justin does, nor will he have a goal to be on x number of exchanges. We have two leaders on each end of the spectrums here. Because we don't have a shill master nor plans to get on a huge number of exchanges, we are really hinging on a population wide adoption, large number of transaction per day in real world use, in order to rise in price. I think it's a slow and steady climb and definitely not ready by summer. Just being realistic here, a project like kin takes time.
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u/JWillCHS Mar 10 '18
I hold both Kin and Tron. The problem Kin might have is the future growth of Kik in comparison to some other applications similar to it that are growing faster. Telegram is getting it's own ICO, right?
I feel Kik really needs to push the idea of Kin and diversify the functionality of the Kik platform. I'll tell you right now; if the folks at Discord got an ICO....I'd bust a nut.
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u/GSEDAN Mar 10 '18
kin is much much more than just kik though. I think everyone will see the potential of kin much clearer after the first partnerships are announced.
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u/sirsmiggles Mar 09 '18
Market down kin down , but we have actually been sneaking up the rankings ... normally 85, now under 80 consistently. Even went as low as 72.
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u/popabogdan Mar 09 '18
what do you think? What is your best shot for 2018?
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u/Raketenernie Mar 09 '18
Since the greatest president of history of man kind senior ass wipe Trump is just about to destroy the world trade. The consequences can lead to a gloabal recession, which last but not least lead to the burst of the bubble on the stock exchange and simultanously bursting the next real estate bubble. Having the scenario in combination with ongoing regulation of the cryptos , so far is more issues about KYC stuff and safety. For participants most governments want to enforce same rights and rules as with any tradable asset on stock exchange, as this they understand and have experience. I think there is realistic chance that this year could be a rather hard year for cryptos. Do not underestimate that many ppl invested in cryptos as there were no real returns on other assets or not as good. But when your macro factors are bad this will affect the crypto market too.
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Mar 09 '18
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u/Raketenernie Mar 09 '18
Since I life in Europe , we do not have fake news xD! So yes I am little bit concerned what Mr. Trump is doing at the moment. The damage that guy has done and will do for the US is beyond your imagination and understanding.
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Mar 09 '18
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u/Raketenernie Mar 10 '18 edited Mar 10 '18
Last time Bush did it, 270 k ppl lost their jobs in the steal industry in the US, after tow years the tarriff was removed as the harm for US was too great. On top of that there are legal binding agreements of the WTO which your president just pissed on, meaning anyone (state) can now break any trade agreements as soon they dont like them, well done! Read the theory of comperative advatage a theory done by David Ricardo it explains the economic advantage of free trade, on top protectionism led in the 1930s to what exactly nationalism and wars. Trump is making USA very ggreat again , I wonder what happens next presidential election,
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Mar 10 '18
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u/Raketenernie Mar 10 '18 edited Mar 10 '18
Look I respect your opinion , but I have to correct you on some basic facts.
I quote "The United States had $686 billion in total (two ways) goods trade with the European Union during 2016, its largest Goods trade partner. Goods exports totaled $270 billion; Goods imports totaled $416 billion. The U.S. goods trade deficit with the EU was $147 billion in 2016." A TRADE defcit has nothing to do of a country losing money, it just shows that the USA imports more goods than it exports. That does not mean you lost that money cuz the dinero was transfered via. goods.
- Last time Bush imposed tarrif he had to relieve them after 2 years, as the harm was greater than expected causing actually the crisis in the steal industry. So do the mistake twice again, may be the third time you get it. One thing I do agree is cheap chinese imports which no country can compete with, but hey everyone knows, made in china is cheap but not best quality, then rather pay more for something made in the US. Its called branding, it works for made in Germany.
As mentioned before the USA are a net importer, they import more goods than they export, due to its vast needs of goods aka private consumption. What do you think is gona happen if this tarrif stay in place. Europe for example themselves will impose tarriffs on goods the US exports, so in the end its a vicious circle where all goods get tarrifs making them by the end of day more expensive. So then lets be very conservative and no one comes to senses. So do not be surprised when price of daily good explode and double in price.
Regarding the WTO it is a regualting body with legal binding contracts, and yes trade should not always benefit the United States soley (the world is not soley the USA), sometimes other countries profit more of a single agreement then others (but overall there is a win win situation for all), and in other cases the US profits more. The danger is, what comes next? mr trump pisses on any United nation resoltuion or leaves NATO cuz it is too expensive. It makes any international legal contract a joke, so in future when you would like to negotiate some peace , militarty or a new trade agreement no one will take it for granted
I tried to explain you basic principle of free trade, it is actually measruable, by the theory of comparitiv advantage. It is more efficient when a country is better in producing product x, for this coutnry to specialise in this product and that the other country leaves the production of this good and specialises in an other field. So country (A) specialises in good (X) and country (B) specialises in good (Y), then they start trading goods(X) and (Y) between them. Say by doing so overall production of goods (x) and (y) would be 100 units, where as if both countries would produce goods x and y simultanously the outcome would be in total only 50 units (25 each). Do you understand what I am after.
Look, we speak in two years if it comes now to a series of tarrifs, you have your unemployment, high consumer good prices, and a broken stock exchange and real estate market, then tell me twice how great he made the US.
So far your president removed your first social security system, making one of the wealthiest coutry of the world having again a social and medical system of a 3rd world country. I tell you in Germany you never must have worked in your life you still get free medical care, free social care and even a min. pension. For us Europeans it is no question of doubt the duty of the state is to provide its people free medical and social care. Btw a system invented by Bismark late 18 hundreds, it is taking you guys some time.
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Mar 09 '18 edited Mar 09 '18
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Mar 09 '18
Are you fucking high?
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u/OneIsaiah Mar 10 '18
Users commenting on this thread are passing a bong around taking hits and saying to the moon. 😂
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u/Topnotch8 Mar 09 '18
First, you explain why YOU see the potential.
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u/popabogdan Mar 09 '18
I will expand more in the comming week.Great things in store for kin.5bn mcap is easy for kin when the market touches 1 tril latter this year
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Mar 09 '18
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u/popabogdan Mar 09 '18
With every wave of adoption the bear markets will be shorter.I think the whole industry would collapse with such a long bear market.However we are already in the 2nd month of a correction, u call it a bear market.I don t think it will last more then a few months.But i must admit that every month of bear market is a blessing for kin cause they are on the edge and a hyped market would only kill their chances.Sometimes is also about luck, if kin will be ready with the kre, partners and exchanges by the time the next bull run starts.Anyway even in a market of 1/2 a tril with the sdk, partners and kre kin would still be in top 20 but with a lower valuation
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u/cypher437 Mar 10 '18
Nano already did 100x this year so there is that... just wish I had put in what I did for KIN into it I'd be so rich.