CuriousWon, >> KIN <<
I was wondering where you can see a chart for KIN? The site I use only has the bigger cryptos, and nothing comes up for the symbol 'KIN'. Also I'm curious why you see KIN as especially attractive? Thanks
I figure the sector could have an oversold bounce soon, but being in a downtrend the 'rule' is to wait for a trend reversal (after putting in a true bottom) prior to going long again. I figure it'll take some time for the sector to really bottom out.
I wonder if the speculative psychology for cryptos has been broken due to the recent carnage? Tough to say, but it's also possible the big players like Goldman will just run them up again for another round of profits.
It's becoming clear that these independent cryptos are just speculative vehicles with (at best) very limited utility as actual currencies. Blockchain technology itself will be widely adopted by corporations and governments, but the real 'crypto' currencies will be issued by nations and the IMF.
The globalists are drooling over blockchain because it means all financial transactions will be digital (no cash) and recorded forever. Their dream is for a cashless society where all transactions can be tracked and taxed. If anyone steps out of line, they can just freeze your account. Blockchain combined with an official trusted 3rd party (ie the government) is a control freak's dream.
The other big appeal for cryptos is from Russia, China, and the BRICS as they try to get away from the US dollar/SWIFT system which allows the US to impose sanctions. But what these countries are setting up are their own official cryptos, which have nothing to do with Bitcoin, Litecoin, etc. The little independent cryptos, the ones that survive, will be relegated
to shady nefarious transactions on the Dark Web like they were before.
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