I was informed yesterday that extensions have been made to two very attractive aspects of the KBC coin sale (The Karatgold Coin).
This is to reflect the delays that have occurred in application processing because the Ethereum blockchain has been under such huge pressure these past few weeks and transactions have been and are still, stacked up to the ceiling.
The Karatbars/Karatbank CEO, Harald, wants every signed up member of the family to get a chance to gain maximum benefit from this special Cryptocurrency. Expectations are high that this could be an extremely successful and profitable coin offering.
For the record, this past week has been one of the busiest weeks of all time on the Ethereum blockchain because of us and because of the movement of EOS and TRON off of the Ethereum chain. Then, of course, there's all the usual transactions and movements of Ether and the tons of ERC20 coins that goes on day to day as normal.
Fear not if all this sounds like double dutch to you. I understand it all so just ask me if you are unclear.
First Bit Of Really Good News:
The ability to purchase the coin using Cashgold and Karatpay at, effectively, €0.0068 has been kept open until at least Friday 15th June. So, if you were worried that you might be in danger of missing out, then, fear not, you have at least 9 days left.
Remember this can only be done by purchasing Cashgold, registering a Karatpay account for yourself and converting the cashgold to KBC. There is a video on each step here:
Now, of course, if you haven't even submitted your documents for KYC approval yet (remarkably there are still a few of you that haven't) then it still isn't enough time to keep putting it off. I will mention a little bit more about that later.
And don't forget that you have friends and family that might also want a piece of the action. I know that those people closest to us can often be the worst critics and it is easier on the mind to just stay quiet about what you are doing but giving them the opportunity might just be a way of doing them some good. That is the best you can hope to do.
It's human nature to think that a great opportunity always looks too good to be true so, my advice, if you encounter that from people, just ignore it. In the Internet age, everything is a scam until proven otherwise and you can always drag up some dirt on anything if you try harder.
Just look at goods for sale on Amazon - for every few glowing reviews, you will find someone who tells you the product is a rip off.
The Second Piece Of Really Good News:
Is that the 35% Christmas Coin Bonus is still active and will stay active until, also, 15th June. This is absolutely brilliant because this means that if, for example, you hold 100,000 KBC on 24th December 2018 that was purchased up until 15th June 2018, then you can claim (after 24th December) another 35,000 coins!
Three things to remember here -
1) This will be regardless of the value of the coin after 24th December, so, in the example above, if they were then worth (again for example only) 1 Euro a piece, that would be the equivalent of Karatbank giving you a €35,000 Christmas present!
Now, of course, I can't tell you what they will be worth on 24th December (it is quite possible that, by then, they could be worth more than 1 Euro each - it possible that they are worth next to nothing - this is cryptocurrency) but the fact is, providing you hold them until then, it doesn't really matter.
Would you be devastated if they were only worth €0.01? That would still be a €350 gift. And by the way, the 100,000 you purchased originally (if that is how much you bought) using the Cashgold/Karatpay route cost you around €680. They would now also be worth €1,000 and with the €350 bonus you'd have made €670, thus doubling your money.
And let us all remember that these crypto coins are going to be backed (already are, the process has begun) by REAL gold.
2) The second thing to remember is that this is only going to apply IF you are still holding them on 24th December. There's a very good reason why Karatbank are doing it this way. Normally when an existing new coin hits a big exchange for the first time there is a sell off.
It always happens. Those people that are in it for a quick profit who want to maybe just double or treble their investment will push and pump and dump quickly.
HitBTC (one of the world's top ten largest exchanges) retweeted the Karatbars announcement this past week, that they were launching KBC on the exchange. It is going to appear there any time now.
New coins tend to always get some instant purchase activity as well as the push, pump and dump. So it could be that the price goes crazy quickly and the temptation to sell your own holding may be huge.
Remember though that, once you've sold any of them, that 35% bundle of extra coins has gone for you.
Now, I have been asked to check how EXACTLY this works and I now have the answer.
If you sell ANY of your coins before 24th December you will not get the 35% bonus on any of your coin holding. They've put this in place to incentivize us to keep hold of them so that we do not all rush out and flood the market with them. Christmas is a mere 6 months away so it isn't asking much to hold for that short while.
However, if you don't want to hold and you see a good opportunity to sell at the exchange you can go ahead and sell but please just understand that you will not get the 35% bonus coins. Guess what I am going to do?
I am looking forward to Christmas more than I normally do this year!
3) And the third thing to remember is that the mechanics of this coin is completely different to the mechanics of just about anything else out there.
You will come across Crypto experts from time to time. You can always recognise them because they tell you they are Crypto experts! Rumour has it that I am one, ho, ho.
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