Kin opinions and predictions

[HighArT]

March 19th, $0.000072 USD

March June 11th, $0.000022 USD

Thoughts on Kin's future? Volume is dropping so hard.

[Priceslide]

Why Kin Sucks:

• SEC is suing Kik for an unregistered securities sale
• 10 Trillion total supply (could potentially be a good thing)
• No good exchanges (delisting from bancor tomorrow, delisted from HitBTC last week)
• DPoS only has 8 nodes (pretty "centralized")

Why Kin is Awesome:

• 2 Million people earned Kin in the last 30 days. Stats here: https://public.tableau.com/profile/kinfoundation#!/vizhome/Kinecosystemstats/Kinecosystemstats
• 46 Apps and quickly growing have integrated Kin, 20 of which have over 100 active kin users. 6 of which have over 40,000 active kin users.
• Only cryptocurrency already being used by millions of normal people.
• iOS, Android, NodeJS, Python, Unity SDKs are all available right now, with more helpful developer integration tools being created every day.
• Only cryptocurrency whose whole inflationary model is to pay developers to get users using the currency.
• Mainnet migration finishes by July 31st for all apps
• You can visualize how active the Kin network already is here: https://kin-bubbles.herokuapp.com/
• The preconceived calculation of Kin's price potential is here: https://imgur.com/xLgWVKN as of today we have 100k DAU and 1.5 trillion in circulation and that is the exact price according to our shitty exchanges.

So. What else does that chart tell us? With 2 million DAU, the price of kin will be $.00188 which is a 100x increase from our current price today, and only a 20x increase in Daily Active Users. The ecosystem is going online now, as the team has been building constantly the last 2 years to make this all come to fruition.

December 31st 2019: 1 million Daily Active users - price $.000666
May 31st 2020: 2 million Daily Active users - price $.0014142
July 31st 2020: 10 million Daily Active users - price $.01581
December 31st 2020: 50 million Daily Active users - price $.11785

[thecodebear]

I participated in the Kin ICO. Made a decent amount of ETH off of it. Sold a bunch on the way up on that initial 4x burst above the ICO price two or three months after the ICO. Then continued to trade it and hold because I thought Kin seemed like a legit idea, an actual company with millions of users making a crypto. Then I rarely ever heard anything about Kin throughout last year, finally got fully out on a surge in price maybe around the beginning of this year or something. And now I see with the SEC issue the price has been decimated recently.

Kik promised all this integration and whatnot and hardly any real news followed for well over a year after the ICO. I think it was basically a fundraising scheme without perhaps a clear idea of how to make their idea succeed.

I think Kin doesn't have much future at this point even if it makes it through the SEC because I don't think Kik has much of a future.

And now we have facebook, a social media platform like 200 times bigger than Kik making a crypto so Kin is at this point old news that nobody cares about outside the company except for those who still own it and have unfortunately become bag holders for something that is now essentially worthless.

[Priceslide]

And now we have facebook, a social media platform like 200 times bigger than Kik making a crypto so Kin is at this point old news that nobody cares about outside the company except for those who still own it and have unfortunately become bag holders for something that is now essentially worthless.

Kin mainnet conversion is complete this week and facebook hasn't even released a whitepaper. KRE payouts are weekly, and can only grow in value from here - we already have 46 apps, imagine how many we'll have when the daily payouts are tens of thousands of dollars!

[WannaCry]

i have bought kin before, but no plan in selling.. i would just display it in my wallet as volume and price is going down everytime 

[Cnut237]

It's difficult to see which way it will go with Kin. On the one hand, when there is bad news then prices often become more enticing for buyers, but that is obviously conditional on them riding out the bad news and recovering quickly. The thing with Kin is that this scandal is particularly bad and involves the SEC. This has the potential to bring down the whole company. So the Kin price looks more and more appealing at the same time that it looks more and more of a gamble.

[mirawantirinjana]

March 19th, $0.000072 USD

March June 11th, $0.000022 USD

Thoughts on Kin's future? Volume is dropping so hard.

at the moment the price of KIN is very down ... I can't predict it well, maybe this coin will soon die after some exchanger delist at KIN

[Psynthax]

I have sold my KIN in march.
But this time the problem that already faced by KIN to be battle with SEC and that will be a big bet. Caused by this news and more platforms are not interested again to trade kin. Some of them have started delisted it. Forget about the product and that doesn't important when you are facing a legal problem.

[krisnajsadrak]

i have bought kin before, but no plan in selling.. i would just display it in my wallet as volume and price is going down everytime 

just hodling without selling, are you serious ?
i think with 756,097,560,976 KIN in circulations its too hard for kin to grow my friend
but who knows ? this is crypto, everything is possible
anyway good luck buddy

[HighArT]

Yea currently Kin looks so shaky, it's future looks very bad.

How can they even battle vs Facebook (which plans to do it's own crypto soon?)?

[Baofeng]

Guys haven't you heard of this?

https://www.sec.gov/news/press-release/2019-87

Most likely it will be hard for Kin to recover after you have been sued by the SEC, and they could probably lose the case here.

You can also follow discussions in this thread, https://bitcointalk.org/index.php?topic=5152525.0

[HighArT]

Yes, i cant see Kin recover from that, at the moment...

Does that mean Kin is dead and their currency will lose 100% value?

[Baofeng]

Yes, i cant see Kin recover from that, at the moment...

Does that mean Kin is dead and their currency will lose 100% value?

If they lose their case then obviously it's possible that it will be worthless. And based from what I read, the case is air-tight so I don't know how they manage everything is they loses their case against SEC. So for KIN investors, this is really a narrow road ahead.

[Easteregg69]

Jumping chain to kick of old byers. Scam!

You KIN dick shit. You better get yobit on chain.

Yes, i cant see Kin recover from that, at the moment...

Does that mean Kin is dead and their currency will lose 100% value?

If they lose their case then obviously it's possible that it will be worthless. And based from what I read, the case is air-tight so I don't know how they manage everything is they loses their case against SEC. So for KIN investors, this is really a narrow road ahead.

I hope they get lifetime.

[moderator's note: consecutive posts merged]