I have not been able to keep up on things. I just had the chance to write so here you go. I seriously doubt that the delay will be of consequence. Just like everything else that has been thrown into the mix, this too shall pass. It is not uncommon AT ALL for delays in creation of tokens and coins.
This is on my mind. The crypto world AND the general investment world is STARVING for coins and tokens. If you think that the crypto (tokens and coins) world is a bunch of crap think again. Lets compare a few things.
The world wide crypto market cap right now as I type this is 689,666,322,176.08. And, as best I can make out there are about 2300 coins and tokens. Compare this to the rest of the traded world...
The world wide bond market right now is 33 trillion.
The world wide security market is now 33 trillion. There are 210,000 stocks traded around the world.
I can keep going. The futures markets. The commodities and derivatives are INCALCULABLE!!! Virtually (and I use the word literally) a hundred trillion dollars is represented here world wide.
I am playing with you a little. TRIPLE the numbers above and you will have the correct numbers. No lie! TRIPLE them! 100 trillion bond AND 100 trillion stock market. HUNDREDS of trillions in commodities, derivatives and futures. And the crypto market sits at 689 billion.
The crypto market is a PUNY ITSY BITSY 700 billion dollar market cap. I say again that the fiat currency world is starving for the crypto market to succeed. My premise is that we are at the VERY BEGINNING of the move into crypto currencies. How do I know this? Lets look deeper into the crypto world.
The top ten coins and tokens have a 582 billion dollar market cap. Let that sink in. That leaves 110 billion for the rest of the 2290 tokens and coins. MOST of them are so over priced it is not funny. I have been watching the total market cap of cryptos for the past few weeks along with the market caps of the coins and tokens individually. We hit 800 billion total market cap a couple weeks ago. Since then we have been between 630 billion and 750 billion market cap in total. Let me assure you of this...Ninety five percent of all crypto currencies are WAYYYY OVER PRICED!!!!!! WAYYYYYYYYYYYYY over priced.
Little worthless nothing companies have coins or tokens are worth BILLIONS. Unreal. There are three tokens and coins I would hold. First is Litecoin second is Bitcoin third is Ether. There are some very good start ups that are good to hold UNTIL the masses move in and bit it up way beyond recognition. The rest may go up but will come down UNLESS the underlying company has a value that can either grow into the market cap of the coin or already is there. Some go up hard then come down hard. If you remember when I first got into cryptos I said it is pure LOVE. I said that the chart patterns actually WORK unlike the computer traded stock market. I stand by that emphatically. Thus there is danger ahead. The entire crypto market is draining. And it is not going to stop draining until valuations look a lot better. This could take months, probably not a year. The entire crytpo market has moved WAYYY ahead of itself except in a few instances.
In the real world will a company on the stock market have a two billion dollar market cap if the company itself is only worth about six million if that? NO WAY! This is the case with many crypto's but I am using XVG as an example. AND XVG is DOWN about fifty percent from its high at the moment. This is the case with crypto after crypto and I have studied about two hundred of them. Almost anywhere you look you find absurd over valuations and you see the crypto shoot up and BLOW OFF ( seek the term so you understand) and then come crashing down or "drain" down slowly. Either way it is torture.
The crypto market and investment market is STARVING FOR MORE COINS AND TOKENS!!!!! STARVING!!!! Iff more companies do not also offer tokens or coins or they accept someone else's crypto, there is a possibility that the crypto market may become very very sick for a long long time. It took almost ten years for CNBC to have a semi serious discussion about cryptos. I would hate to see ten more years go by simply to build up the crypto market. Right now, about 90% of the crypto market is BLOATED like a fated pig!! Unfortunately for recent buyers, there is no way they will return to positive if they keep buying the "popular" coins that are touted by idiots who simply need to get the hell out of the coins. I get calls and texts all the time to look into this one or that one. I just want to be sick to my stomach because so many people are going to or are getting stung so badly.
PLEASE do not buy into popular cryptos, at least not without checking the market cap of each. If the market cap is reasonable and you can see the company growing into it or like I said if the market cap is on par with the company then BUY BUY BUY!!! One good example of an actual company that does something is Populous. Look it up. Another is OmesiGo. I think Litecoin is the absolute best long term coin to buy into at this time. I think Bitcoin and Ethereum are as well but with a caveats. Bitcoin is going to be great again and even greater than you can imagine but not until confidence is restored in the crypto market. Bitcoin is going down because everything else is. Bitcoin is simply a fiat currency which cannot be diluted. That is fabulous and will become mainstream crypto again. Lite and Ether have their specialties and are also real companies ( understanding that we all own the company by default since they are both decentralized on their blockchains).
I want to say something else that is critical to understand. Smart money wants IN to cryptos. But there is not enough of a legitimate market cap for this to happen. I suspect that the crypto market has a dozen years ahead to grow. Most likely fifty years if we still need a currency by then. And as the crypto world grows and there is more space to shove money the better we will be. Tautachrome has a challenge ahead. I want so badly for TTCM to have the coin like Populous or OMG. And my assessment is this...the KLK can easily be one of the top coins in the crypto market. Easily. The smart money is watching the market cap of the cryptos. That is why some say it is a bubble and rightly so. But it is a bubble that is correcting itself. This correction will look like a tiny hic-up as time goes on. Smart money is looking at the underlying currencies.
Dr. Jon and company has played their cards right the entire year I have been in the stock. I have watched as TTCM has made strides from patent approvals to design of KlickZie. I have watched as they were frugal with any outlay of cash. I have watched so many aspects occur and now we stand at the beginning of real promise. The KLK could easily have a ten million dollar market cap right now and that would not be out of line in my opinion, for major money to come in and buy KLK's. But I would stop it there until the company has the next phase in place. That is a fully working KlickZie operating system or at least getting close to that. The smart money wants a place to go. We have to offer that to them. Dr Jon has NEVER played against shareholders. This in itself is a big part of the reason we are here today.
Do not turn your back on the USD either. It is going to take years and years for any replacement to the paper dollar. But it is coming for sure in my mind. I have told many whom I have encouraged to buy TTCM that you will be rich faster off the stock than you will off the token...for now. You can buy stock for under three cents but the tokens will be .3. But that will be changing very very soon.
I completely trust in Dr. Jon and crew to continue doing the right things.
PEACE
