I will explain the Hong Kong visit and how you can get there further on...
I know this will not be of interest to all - personally I love Hong Kong and any excuse to get back their suits me fine.
In my last communication regarding all things Karatbars I gave you my early take on what I thought the new kCb coin was all about. Well, it appears I wasn't too far out with my speculation.
I used this Ethereum example to explain kCb last time...
"The Ethereum network is a platform. It has a currency called ETHER and ETHER is a Crypto. But the ETHEREUM network is multi-functional and does a lot more than simply move ETHER around from place to place. But everything that happens, be that a simple calculation, or the introduction of a new smart contract on the network and so on, has a computational cost. This cost is represented in something called GAS."
The fact is, that was pretty close if we insert "mathematical cost" instead of "computational cost". kCb appears to be the "current" that will flow around the internal Karatbars/Karatbank network.
It has two main purposes at the start though:
A) Raise more cash for the Karatbank so that it can increase its share capital. In a round about way, owning kCb is similar to owning shares in Karatbank because the direct and immediate value of the bank will impact on the value of the kCb coin.
B) As a result of more income flowing through the bank, more gold will be vaulted and allocated to the base value of the original KBC Coin that we got stuck into earlier in the year and are all (hopefully) going to hold until at least after Christmas.
There is no doubt that long-term growth on KBC will come from the overall acquisition and vaulting of gold.
I've seen people comment already that they are alarmed that KBC is not growing on the Crypto Exchanges so I want to share a little bit of my own knowledge with you on that subject before I go on.
I am regarded as a Crypto Expert so you might think that what I have to say on the subject is worth hearing. Alternatively you could just follow a few of the dunder heads on Facebook.
NO CRYPTO - not even Bitcoin is growing at the moment. They have all been under immense downward pressure because of what is happening in Crypto markets generally. When Bitcoin goes on a slide (and it is on one at the moment) everything Crypto is affected.
Most of the most recent BEAR market sentiment has come about because a Bitcoin ETF approval was expected and did not happen. The Winklevoss twins (owners of the Gemini Exchange) were declined an ETF application by the US SEC for the second time in late July.
This reversed what could have been the beginning of a Bitcoin recovery. The fact that I am even talking about a Bitcoin recovery is ironic in itself, this time last August it was worth $3,350 and right now it is $6,407! Bitcoin is hardly in trouble...
In each year since and including 2015 it has rallied big time during the period between October and end of December. On all 3 of those years to date, Altcoins (other Cryptos) have all gone BULL market with it. So anyone getting the least bit depressed about the performance of KBC at this early stage is - well, absolutely missing the point.
So, all in all, there has been major downward pressure on Bitcoin and all other Cryptos, mostly because that is what seems to happen during this time of the year but for other reasons as well.
But, be assured, Bitcoin will rally and go full out BULL market towards the end of the year and with it other Cryptos including KBC should follow.
A Crypto with real gold backing will do well in that environment and, besides, KBC is still holding at a price at or slightly above what we paid for it. It has performed better than most other Cryptos and it also pays to remember that we aren't even looking to sell (are we?) until at least after Christmas unless we're mad and want to concede our 35% bonus coins.
Also, KBC is still only listed on one major exchange (HitBTC). When it goes live on Coinsuper (15th August I believe) then we might see some price action on top of an end of year rally.
Personally, I will not even be tempted to sell my own KBC until it has a value of $1 or $2. If I have to wait 3 to 5 years or more for that, I am happy to do so. I already hold other Cryptos I've held for 3 years!
Now moving on to the future and why the Karatbars environment is likely to be a very healthy place to be.
Here is a reasonable potted explanation of where we believe we are and are going:
There are going to be two blockchains running together that cross over and link (we can call them kCb chain and KBC chain for ease) - the technicalities, the how it all works, has yet to be fully revealed.
kCb will be sold at: to the public at €0.14 euro cents through a standard ICO type arrangement.
kCb will be sold (is being sold) to Karatbars affiliates at a discount down as far as €0.087 cents. based on how much kCb you acquire. If we all push for the success of kCb this will help to have a direct impact on the value of KBC for reasons I will come on to.
As an affiliate you can of course, buy directly, sell directly (by promoting the kCb site) or, acquire through the purchase of an affiliate business package. This makes more sense than you may realise because of what is going to happen very soon with Cashgold.
Right now, if you are still holding Cashgold, I would highly recommend you use it to buy kCb - Cashgold will go down in price soon for reasons that are sheer music to my ears.
Remember the old argument about people not buying gold because the prices they can buy at are all so inflated? Well, Cashgold is going to be very closely linked to the LBMA spot price in the very near future. So if you are holding Cashgold right now you can still exchange it for kCb at the current higher price.
As an affiliate you will be able to soon sell Cashgold at a price that should stop the "it's too expensive" arguments - but more on this another time.
After 12 months the kCb coin will be listed on the Karatbars Exchange (it may be called something else of course) at whatever price it is then. Projections coming from the leadership meeting yesterday put it at €0.40 cents maybe plus.
The idea is that between now and then the share capital/value of the bank will increase from its current $100 million.
By the way, try to find a home based business opportunity anywhere - where the company owns its own bank with a share capital value at $100 million! let alone its own goldmine!
Therefore with the increasing share capital value of the bank the value of kCb should increase also.
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