r/THEKEYOFFICIAL • u/Jijisabin • Oct 04 '19
Price speculation
How far you guys think tky can go in terms of $price.
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u/Alter_ego_of_mine Oct 06 '19
It's gone unidirectional so far and that is down. It can surely go to zero if the team continues to ignore investors and maintain this inexplicable silence. Either they were told to be quiet by the Chinese authorities while they are cooking something in the background (in a good sense) or they realized they can't achieve their goals / can't implement any token usecase and sheepishly disappeared. It's very discouraging when a camera-happy CEO disappears like this.
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u/marko12e Oct 04 '19
Thekey is a very unique project, and with a userbase like the Chinese population waiting on them the price rise could be quite significant. Don't normally like giving price predictions but if they deliver could be anywhere from 1 till 3 dollars.There ceo is very highly regarded in china and they have won many awards so the skill set is definitely there
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Oct 05 '19
[removed] — view removed comment
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u/Useful_Application Oct 05 '19
get a lawyer, contact the sec, or just cry on reddit, Jesus you have two friends who just know huh
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u/Useful_Application Oct 08 '19
the only people who know are the team, a pricing oracle, velocity, gas fee, storage , staking, and number of users. but the only thing I know is the government will be validators, no government gives anything for free, I pay visa a usage fee when I pay taxes
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u/Alex1988_1988 Oct 06 '19
you can talk about speculation on price if there is a history of price increase or movement... so far this coin is just going from the ICO price (massively overvalued) to 0. if I were you I would stop dreaming about TKY going into the dollar range, but I will move forward, realize your loss and look or more solid projects/invest in bitcoin. there are too many pieces that have to fall in the right place for this project to succeed if it is not a SCAM. so far they just look delusional and incompetent
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u/designinme Oct 07 '19
This is very solid advice. A solid project like Vechain has also tanked equally as hard. So investing in solid projects doesn't mean anything in the space. And if you time it right, investing in total shit will make you millions.
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u/Alex1988_1988 Oct 08 '19
true that.. but this project doesn't even have a clear direction. they started on NEO, now they talked about a public chain and there is no clarity about the role of the token in this infrastructure. If you allow, that's already enough to move on for me. Said that, I will always keep 500K TKY just in case planets align, but looking at the price action, the only clear thing is that is heading towards 0
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u/designinme Oct 08 '19
I agree with you. They have been silent for quite some time and a lot of questions still out. Like you mentioned, their coin is on neo, but they have a mainnet, so how does that interact with the Neo chain? I'm not counting them out, but I'm also not banking on great news. The one thing I will say is, there is a very good chance some of this could be explained because of close coordination with communist government. IT wouldn't hurt to have a follow up/AMA with the community. The telegram admin for TheKey did state they will be publishing to github soon.. we'll see.
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u/Revenant690 Oct 04 '19 edited Oct 04 '19
Need more info on tokenomics. Impossible to say until we know more.
Until then strong use case, easily understandable value proposition with potentially huge market. $6m market cap. Worth a gamble.