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Karbowanec (KRB) Live Price Chart & History

Live KRB / USD Price Chart

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Risk Warning: Your capital is at risk

Price USD 1.41%
$0.537027
Price BTC
0.00006024
Volatility (7d)
0.84 %
Volatility (30d)
1.24 %
Market Cap USD
$3.1M
Market Share
Since launching at $0.00587758 on 12/08/2016 Karbowanec has achieved a price of $0.537027, falling -10.9% in the last week alone.

Karbowanec Price Analysis: Predictions and Forecasts

Why buy Karbowanec? What is it used for?

Karbo is a decentralized peer-to-peer exchange network and medium, that does not have centralized management or issuer and ensures privacy and anonymity of operations without intermediaries and regulators. Its units of exchange are cryptographically protected (encrypted) units of information. They are protected from copying and counterfeiting by the blockchain technology... Karbo is based on principles of the Austrian school of economics which emphasizes the spontaneous organizing power of the price mechanism and holds that the complexity of subjective human choices makes mathematical modeling of the evolving market practically impossible. Its scholars eschew what they consider "naïve" and pointless mathematical modeling of the economy, considering much of mainstream economics a form of economic charlatanism. Its proponents tend to emphasize the organic, subjective and evolving nature of market dynamics, advocating the strong protection of private property rights and the strict enforcement of voluntary contractual agreements between economic agents as the best way of facilitating economic exchange, and generally advocate a laissez-faire approach to the economy, arguing that the smallest imposition of coercive force (especially government-imposed force) on commercial transactions is the most effective way to secure long-run economic stability and well-being. In particular, they voice serious concerns about the distorting and damaging effects of government involvement in commerce, arguing that few government regulations in this area are necessary or desirable and often trigger a "ratchet effect" as problems associated with existing regulations are often blamed on the free market, thereby justifying further damaging, coercive incursions into the market. They are particularly critical of long-standing governmental incursions into the area of private money production, advocating instead the immediate abolition of all coercive legal tender laws and the return to full reserve - or free - banking, where the financial system is decentralized and not dominated or controlled by coercive monopoly government or a monopoly central bank. One of the most known scholars, Noble Prize laureate, economist and philosopher Friedrich Hayek it it's book The Denationalization of Money states that instead of a national government issuing a specific currency, use of which is imposed on all members of its economy by force in the form of legal tender laws, private businesses should be allowed to issue their own forms of money, deciding how to do so on their own. Hayek advocates a system of private currency in which financial institutions create currencies that compete for acceptance. Karbo is proposed as one of such free exchange medium – egalitarian, decentralized system with enhanced privacy, where value of its units is based solely on supply and demand in the market, emission depends on constant mathematical algorithm, where everyone can participate in emissions of karbos, receiving them as a reward for the provided computing resources of their regular PC to support the network. For mining expensive specialized equipment (ASIC) is not required.
Karbowanec was launched in 12/08/2016. It uses the Proof of work method of consensus, and is based on the CryptoNight algorithm. Karbowanec's goals include Karbovanets — is electronic cash, Ukrainian national cryptocurrency, just like Bitcoin but anonymous thanks to Cryptonote technology. The karbovanets has been a distinct unit of currency in Ukraine during three separate periods. Nowadays it is obsolete and replaced by Ukrainian Hryvnia. It is resurrected in digital form of cryptocurrency as people's electronic cash not connected to government or officials. No one owns or controls Karbovanets. Only you control your funds and are responsible for their security. You can send and receive Karbos without any intermediaries and authorities — everything works in decentralized and distributed computer network. You can earn Karbos as a reward for securing network providing your PC's recources..

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Risk Warning: Your capital is at risk

Karbowanec Trading: How To Buy + Trade KRB

Many of the 'long tail' of cryptocurrencies are currently only available at a handful of exchanges, many of which will not accept direct US Dollar, GBP or EUR deposits. In order to make a trade, you need to:
  1. Create a Bitcoin, Litecoin or Ethereum wallet
  2. Create a Karbowanec wallet to recieve your coins
  3. Buy either BTC, ETH or LTC at an exchange you trust, making a deposit by bank transfer or credit card
  4. Transfer the major coin you have bought to an exchange that trades KRB
  5. Exchange your BTC, ETH or LTC for an amount of KRB, depending on the current exchange rate
  6. Move your Karbowanec coins from the exchange to your private wallet to protect yourself from hacks or bankcrupcy at the exchange

The downsides of trading KRB on an exchange

As you can see, the process for trading Karbowanec is not entirely straightforward or without risks. Exchanges are notorious for bad security and there have been several major incidents of hacking or an exchange 'going bust' with the losses to coin holders in the hundreds of millions. It is not safe to keep coins on any exchange, yet moving between exchanges or from an exchange to your wallet will incur fees.

Furthemore, its not uncommon for exchanges to go offline during periods of high volatility - means should the price of Karbowanec crash you may find yourself unable to trade out of the currency and into a safe haven due to their site crashing.

What's the alternative?

If you plan to trade, rather than buying to hold, we recommend trading with a CFD or forex broker. It may limit your choice of currency, but has considerable advantages:

  • The brokers are established and regulated by financial conduct authorities
  • Brokers regulated in Europe offer deposit protection: if they go bust your deposit will be refunded by the goverment (though not your open trades!)
  • Deposits and trades can be made directly in a currency you are comfortable with - USD, EUR or GBP. No need to calculate multiple exchange rates to know your profit.
  • Forex brokers are accustomed to high volatility and are better prepared for spikes of traffic. In a bear market, you should have a better chance of closing trades and getting your money out before Karbowanec goes to zero

You can see our list of featured trading platforms here

Will the price Karbowanec fall continue to rise?

It's impossible to predict for sure if Karbowanec is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days Karbowanec has fallen by -10.9%
  • In the past month it has lost -9.2823162420331%
  • In total it has appreciated by $0.53114942 since its inception, a change of 9,136.87%

Can Karbowanec reach, replace, pass or overtake bitcoin?

At present Karbowanec is trading at 0.00006024 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 1,660,026.6%. If we assume Karbowanec continued to as it has in the last month - with a price change of -9.28% it would take -8.7573867222335 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of KRB is going to take off and increase in price to a higher level we've done the math for you.
In order for Karbo to reach $1.00 it needs to increase in price by a factor of 1.86x. Given its present growth rate of -9.28% per month, it could take just 3.1 months to hit a price target of $1 USD

What is the probability of hitting $1.00 over time?

Time periodChance final price > $1Chance final price < $1
1 week0%99.9%
1 month3.9%96%
3 months15.5%84.4%
6 months23.7%76.2%
1 year30.7%69.2%
2 years36.1%63.8%
3 years38.5%61.4%
4 years40%59.9%
5 years41.1%58.8%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Karbo to reach $5.00 it needs to increase in price by a factor of 9.31x. Given its present growth rate of -9.28% per month, it could take just 11.2 months to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months0.5%99.4%
1 year3.5%96.4%
2 years10.1%89.8%
3 years14.8%85.1%
4 years18.3%81.6%
5 years21%78.9%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Karbo to reach $10.00 it needs to increase in price by a factor of 18.62x. Given its present growth rate of -9.28% per month, it could take just 1.2 years to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%99.9%
1 year0.9%99%
2 years4.7%95.2%
3 years8.6%91.3%
4 years11.8%88.1%
5 years14.5%85.4%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Karbo to reach $15.00 it needs to increase in price by a factor of 27.93x. Given its present growth rate of -9.28% per month, it could take just 1.4 years to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%99.9%
1 year0.3%99.6%
2 years2.8%97.1%
3 years6%93.9%
4 years8.9%91%
5 years11.4%88.5%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Karbo to reach $25.00 it needs to increase in price by a factor of 46.55x. Given its present growth rate of -9.28% per month, it could take just 1.6 years to hit a price target of $25 USD

What is the probability of hitting $25.00 over time?

Time periodChance final price > $25Chance final price < $25
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%99.9%
1 year0%99.9%
2 years1.4%98.5%
3 years3.6%96.3%
4 years6%93.9%
5 years8.2%91.7%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Karbo to reach $50.00 it needs to increase in price by a factor of 93.11x. Given its present growth rate of -9.28% per month, it could take just 1.9 years to hit a price target of $50 USD

What is the probability of hitting $50.00 over time?

Time periodChance final price > $50Chance final price < $50
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%99.9%
2 years0.4%99.5%
3 years1.7%98.2%
4 years3.3%96.6%
5 years5%94.9%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Karbo to reach $100.00 it needs to increase in price by a factor of 186.21x. Given its present growth rate of -9.28% per month, it could take just 2.2 years to hit a price target of $100 USD

What is the probability of hitting $100.00 over time?

Time periodChance final price > $100Chance final price < $100
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%99.9%
2 years0.1%99.8%
3 years0.7%99.2%
4 years1.7%98.2%
5 years2.9%97%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Karbo to reach $200.00 it needs to increase in price by a factor of 372.42x. Given its present growth rate of -9.28% per month, it could take just 2.5 years to hit a price target of $200 USD

What is the probability of hitting $200.00 over time?

Time periodChance final price > $200Chance final price < $200
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%99.9%
3 years0.2%99.7%
4 years0.8%99.1%
5 years1.6%98.3%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Karbo to reach $300.00 it needs to increase in price by a factor of 558.63x. Given its present growth rate of -9.28% per month, it could take just 2.6 years to hit a price target of $300 USD

What is the probability of hitting $300.00 over time?

Time periodChance final price > $300Chance final price < $300
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%99.9%
3 years0.1%99.8%
4 years0.5%99.4%
5 years1.1%98.8%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is Karbowanec a good investment? Is it safe to put my money into KRB?

No, it is not a 'good investment' to buy Karbowanec, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading Karbowanec as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of KRB - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

Karbowanec Development + Team

There are @research_team_dev_size developers coding the source behind Karbowanec There are no sales or marketing staff on the team which could impede the coin's growth.

Karbowanec doesn't publish bios or social profiles of their team members, making it harder to understand who is behind the project.

The team is not active on the social media channels, which can be a troubling sign. Their blog is not regularly updated, making it hard to track progress on their work

.

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