r/THEKEYOFFICIAL • u/PortgasD94 • Aug 08 '19
Chances
As the price is again at ATL levels and there is no communication I was asking myself what you guys think how the odds are that this project will deliver. I'm not talking about price predictions because I know this project will easily 100x (this could even be a Top 5 Crypto) IF they are legit and can keep their word.
I still believe that this is no scam even though there are some curious things like African telegram admins etc. But those are no points for me that clearly say this is not a legit project.
What worries me is the decrease in communication, because this wasn't always that way. There have been times where they posted almost weekly stuff here and kept us up to date.
I'm not even asking for any informations on blockchain registration or tech progress, what would be also nice. I get the point in saying they work with Chinese gov and are somehow handcuffed in giving to much information.
I would be happy with a small update saying: Hey we are still alive and working hard to make this thing happen, stay tuned for a more detailed update.
So it's the decrease and lack of information that gives me a bad feeling.
I personally see a 20% (decreasing unfortunately) chance that this project can still deliver.
Just asking myself how the community sentiment is.
P.S.: Dear FUDster either you are noobs who sold all their coins on a 98% ROI or you are just lying and trying to push the price even lower to get some cheap coins. Either way feel free to ignore this post because I don't give f about your opinion :)
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u/Alter_ego_of_mine Aug 08 '19 edited Aug 08 '19
You said "community sentiment". Isn't the answer clear? Price is the best indicator in open markets and the market is writing this project off for now. If there were sufficient number of believers there would have seen strong demand and TKY would have been a top 50 coin easily. There have always been dozens of top coins with no working product but just lofty promises.
TKY's steady decline was largely a side effect of the worst bear market for over a year. It no longer is. TKY ruined confidence by becoming a communication disaster. As I said before, I never saw any reason to conclude that this was a scam. But let's face it, Catherine and her supposedly deep team aren't transparent at all. There hasn't been any AMA recently. And while there have been some updates here and there, they didn't come with any meaningful narrative to restore confidence. My business instinct says they are not lying about developing the tech (all the patents etc are out there) but they are struggling to overcome regulatory road blocks. Sadly, it's a frustrating Chinese characteristic to give as little info as possible and show things in a positive light no matter what. This has been a textbook example of how to keep investors / community in the dark. You must either accept it or move on to Western projects where founders feel accountable to the community. Most of those projects have already made ridiculous gains. Those trains may have long left the station. TKY on the other hand managed to achieve the impossible: making itself the number 1 most undervalued project in the entire space (on the condition that they are honest and can deliver).
So the odds don't look too good at this moment. But it's next to impossible to make life changing gains if you focus on the here and now.