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passiveaggressive

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  1. Like
    passiveaggressive reacted to Hotnhigh in Kinesis Gold and Silver currency   
    The spreadsheet is worth it’s weight in gold, pardon the pun. It’s a great tool to change velocities and also market penetration rates for various markets and to see the impact on kvt returns. 
    I look forward to kinesis getting up and running. I don’t presume that velocities will be anything extravagant and have adjusted the sights accordingly, but I do see a bright future for the model. 
    I tried to see the major negatives or failings of the project. Yes velocity is the key, but I’m happy even if kinesis only hits a very small percentage of some of the assumptions to begin with. As the classic commercial says, it won’t happen overnight but it will happen. 
  2. Like
    passiveaggressive reacted to Groundup in Kinesis Gold and Silver currency   
    That's the spirit son one more posative question answered.
    Keep them coming.👍.        I trust you checked the kinesis telegram site out.There are many professional people on there, from all professions faithfully  scrutinizing kinesis.money. 
  3. Like
    passiveaggressive reacted to mr1030 in Kinesis Gold and Silver currency   
    I would agree if the aim was just to go after the tether market.  What I find interesting is that their system can appeal to a wide variety of markets.  Stable coin that pays yield for crypto traders.  Fee-less bullion storage that earns yield for bullion banks, retirement funds, hedge funds or anyone that currently vaults their bullion for a monthly fee.  Banking via mobile for those without convenient banking in their area.  Preservation of buying power in those countries that have run away inflation or otherwise crappy currency.   The convertability via the debit card to local currency at point of sale makes it easy to use.  There are many different use cases that it could appeal to people.  Just like any new system, wide spread adoption would take time, but even if their velocity is a lot less then projected, the % yearly return on KVT purchase price should be good.  One of the Ambassador's on the community channel programmed a spread sheet to calculate KVT returns based on any velocity  % value you want to enter.  Even much lower velocity numbers gives nice returns.  The system as a whole can be hard to take in and comprehend in just one sitting.  I had to go back and look at the blue print and follow the questions that were raised in the Telegram channel for a while before I was able to appreciate just how big a system these guys were creating and the potential it has.
  4. Thanks
    passiveaggressive reacted to sixgun in Kinesis Gold and Silver currency   
    Currently 60 648 KVT's have been sold. i bought some KVT's when they first went on sale almost a year ago. So Kinesis has raised over $60 million. As far as i know this is the biggest initial offer there has ever been. The topic of KVT sales was touched upon in the last video i posted. Tom Coughlin brought it up. He seemed to suggest 'people' had (negatively) commented on the number of sales and i know this has been covered a few times before. The price of one KVT is high - as initial offerings go, it is very high. This means some people cannot afford to buy one, they are not prepared to take the risk, they are not sufficiently interested.......... Tom said the high price was deliberate b/c they have to do KYC (Know Your Customer). There is a cost in this and if tokens were $5 each and there were lots of applications for the KVT's, then Kinesis could end up processing lots of applications, createing lots of costs and raising less money. So the price was set high.
    The issue of larger organisations was also covered. i can see in the responses of those with Kinesis and their body language those in charge are reluctant to sell big tranches of KVT's to a small number of investors. They feel it would put influence in the hands of a small number. For some time they have said they have enough cash to launch and develop Kinesis. Obviously more cash means they can do more but they have enough. So there is no necessity to do heavy advertising and there has not been much. There have been a very few paid video interviews and King World News does a promo. Not much, one might say next to none. It has been word of mouth.
    So i am not sure how many they will sell to bigger organisations or what the distribution will be amongst bigger buyers. The message i get is there are willing big buyers but as Kinesis has enough cash and is busy making deals and developing the network, they don't seem to be in any rush. Any unsold KVT's will be held by the company and the income retained by Kinesis. There may well be future sales. i get the impression there will be some says at the end and or after the public sale is closed.
    Yes it is complicated. The KVT's are easy. You buy them and then you get 20% of the top line income of Kinesis paid in Kinesis coins at the end of each month. i will be concentrating on this. As the coins appear i will be selling these on the exchange, pulling some cash out so as to get all the initial investment out so it is free money in the end and then using the remaining cash to mint more KC. I will then develop two income streams, one from the KVT's and the other from the coins i have minted.
    So it is complicated - it might get even more complicated if other asset classes appear to back coins but that is Kinesis.
    There are a lot of acronyms - you get used to these, i don't like them, i think the system is complicated enough without those to deal with. i don't like some of the language. It is an unnecessary language ecosystem 😀and i wonder who wrote it. i wonder if the abbreviations and flowery language haven't put some people off. i expect everything you mention here and the high price of the token has put a lot of people off. If i had been an advisor i would have cut all this sort of language out and perhaps cut the price of a KVT to $100.
    To be honest i don't know what is in this category. They talk about strategic partnerships with exchanges and financial institutions. i would need to ask - and they might well not want to say as some of this is not coming out until they need to let out it.
    i agree the returns are big. i know several ambassadors have done the number crunching and come up with similar and sometimes even bigger numbers. Now you could rightly say if the returns are not well founded they should not be making these projections - and i agree. i have done more than a double take on these. The way i see it, is several investors i know have crunched and recrunched the numbers and they work - personally i think, what if the return were level after the first year and 1/10th of the projected amount? So $270 a year. How is that? It's a 27% return. So how about level and 1/20th the return projected? 13.5% return and so on. Am i happy - i am happy, i wish it were more but i am happy.
    As i see it the numbers have been crunched - the idea is sound - the people involved are sound - it is more than capable of working and even if it performs at a small fraction of the projected amounts i will get more money back and then it is free money.
    The ABX has been running a precious metal bullion platform for several years. There are vaults in the various centres around the world. i have bought and sold bullion through the ABX using the Metaldesk platform which forms the basis of the Kinesis trading platform. i have never taken delivery. i have bought bullion in New York, Dubai, Hong Kong and Australia. Kinesis is in effect simply an extension of this.
    i would recommend everyone has some bullion in hand. If you stored bullion in the Brinks vault in Hong Kong to keep it secure and outside the UK, i am pretty sure you would be storing it in the same vault Kinesis and the ABX is using in Hong Kong.
    i agree there is the axiom that if you don't hold it you don't own it. You have to decide if you want to have (some) of your gold in someone else's vault. Usually you have to pay for this. With Kinesis the gold is 'working' there are no vaulting fees so you can get an income on top.
    i have 100g of gold in the ABX system in Dubai at the moment. i have this much as it is the minimum to mint with. So when Kinesis kicks off and minting starts i will be able to get involved straight away. Then i will wait for the KVT income - pull some cash out and mint with the rest. i would hope to withdraw everything i put in and hold that myself as gold in hand and then mint with the KVT + minting income stream.
    You have to decide for yourself. If you want to hold all your gold yourself then you can't get seriously involved in Kinesis. You might still use Kinesis as a currency system and not get so committed. It is up to you.
    What i know is the gold/silver etc is third party audited. I don't know about a ' Certificate of Currency '.
    Yes anyone wanting to receive Kinesis coins will need a Kinesis wallet. The same goes for BTC or LTC. The same goes for bank accounts. They need an account.
    The Kinesis coins will appear in THEIR wallets. The employer will send the coins to the wallets. They can then spend, send, save, or sell these coins. What i have seen is it will be the same as online banking. You can use a url or app. You will log in - you see your Kinesis coins, crypto and fiat. You have your Kinesis debit card. You can spend, send, save or sell the KC. So you could spend the KC through your Kinesis card or exchange them in your wallet for AUD.
    From the point of view of an employer it is great. If the payroll comes to $20 000 a month, then $20 000 of KC are minted and the employer will get the income stream from that many coins in future. Eventually this will mount up and offset the payroll bill.
    If you are an employer and you are considering this you should speak to Kinesis for the details. It might not work for everyone you employ but the more coins you mint the more you can potentially make.
    For a large proportion of the world Kinesis is very compelling as it is Sharia compliant. Kinesis has made some big inroads in Indonesia. Kinesis is courting Gulf Royalty. Gold, silver and Sharia compliance are very compelling to quite a few people on the planet. 
    Probably most of the people in the US and UK have little idea where Indonesia is or much about it (Australia may be different). It has a huge population and on a completely unconnected video i watched yesterday it said Indonesia was the richest? Muslim country in the world, it has the biggest population. Many are unbanked and many work overseas and send money home. Kinesis and the Indonesian post office are in a deal to enable the transfer of 'money'. Many currently use Western Union. It works out more expensive for them - so a cheaper Sharia compliant money transfer system based on gold and silver through the local post office for unbanked people is pretty compelling.
    More and more of the world is moving away from the USD. The majority of humanity sees gold and silver as true value and distrust or potentially hate the dollar system - if they can get into a gold currency they will.
    We see currencies devaluing - we saw gold against the AUD at all time highs at the end of 2018 and isn't far off that now. Do you want to hold your value in AUD or in gold which is instantly convertible into AUD? There are plenty of currencies in a bad way - would you hold and take Kinesis or a currency going to zero?
    You can have a drawer full of gold coins - great way to save your value but not easy to spend. With Kinesis you can hold more value in gold as you can spend it. So it can be a current and savings account. You cannot do that with any of the systems you mention. We are heading into turbulent times. If you are living hand to mouth perhaps it is not for you. i see people on the forum selling gold coins b/c their boiler blew up or their car is in for repair. They have to sell whole coins. They might not get the best price but they have to get the cash. Now what if their savings were in Kinesis gold coins? Now sweat. Pay the garage on the debit card.
    i sell products on the internet. i use Paypal - it is something like 3.4% charges for me. i have to factor this into prices. If there were a cheaper way i would offer this. Under EU legislation you can't offer a lower price for using cash over a credit card - but i expect you could offer a lower price in Kinesis as it is a different currency.
    There will be other advantages. You take and use the advantages that apply.
    A concerted cyber attack would take Kinesis down? Would it? Would it take Bitcoin down? A run on Northern Rock took that bank down. The banks look rocky, they might bail you in, there are looks of problems with the system as it is. You assume countries aren't getting involved. As i say Gulf Royalties are interested. Indonesia is signing up. Kinesis is signed up with the German stock exchange, the wholesale coins KWG (1kg gold) and KWS (1000oz) will be traded on this stock exchange. Kinesis is signed up with the Indonesian commodity exchange.
    Perhaps we should talk about a DOS attack on NatWest or the Commonwealth Bank of Australia - every system can potentially be broken. Kinesis is not friendless and won't take the USD out in an afternoon. So i am not ignoring this issue but i am not losing sleep over it.
  5. Like
    passiveaggressive reacted to Groundup in Kinesis Gold and Silver currency   
    Yes I believe this to be true
    Any unsold KVT's from the current public sale would be locked up for 1 year. 
    If these are then offered after the lockup period, they would be at market prices.
    Those market prices could be substantially higher than the current offer price of $1,000.
    My thoughts are that the yields on any unsold KVT's, plus the reserve fund KVT's will fall through to Kinesis to fund future expansion.
    This would certainly bode well for funding of the project after May.
    KVT's will have a market price driven by the developing yield track record and expectations of future yield (rate of growth should factor into this).
    It would be cumbersome to be selling a KVT with accumulated yields at a different price to those that initial buyers might be already trading (selling) in the secondary market.
    Thoughts from kinesis telegram member.
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