time to wake up and get out from the cellar, don´t ruin a good idea!
everybody knows how this could end (nxt, supernet and so on, Jk777 is a good example)
Very eloquently put.
There has been a very discernible shift in sentiment over the past month or so. Back when I first decided to invest in Stratis in mid-September, the price was somewhat static, but market sentiment was undeniably bullish and one could make a reasonable argument how the completion of specific milestones outlined in the road map could lead to significant gains over, say, a 6 month time horizon.
None of that holds true anymore, as the market has largely discounted the release of the full node framework later this month. The addition of -- in my view, gimmicky anonymity features -- has correctly been identified by market participants as a mere stop-gap, diversionary measure, and the price reflects this.
As things stand now, the only hope for salvation is real world institutional adoption, which is a long shot. If history is any guide the project will fail to gain any traction and the price will slowly trend lower towards oblivion as funds run out and the team moves on to other projects.
De Selby, You mentioned you were new in the crypto space in a post when you were considering buying Stratis.
Let me help you a little in the Crypto world.
No crypto ever none, not a one - no single crypto ever gains price from roadmap milestones. None. They are markers for speculators to pump the price and take advantage of positive sentiment. Once they are met it supplies enough liquidity for these manipulators to sell off at a good price.
Maybe other coins get a positive spike for a few days after but every one of them retraces. Every single one.
That being said it is very very rare in crypto to remain above the ico price, let alone x6. Very rare I can't state that enough.
This is a good team and a good coin.
There is basically one coin outside of BTC that has what you call real world value it's FTC, they don't even update people on their bitcointalk thread when they ink deals with huge companies. Because btct is a troll pit.
People find out about FCTs real world partnerships from the other companies press releases. To put 'real world' in perspective were talking yhe Deparpment of Defense in the U.S.A.
So be thankful Stratis lets us know about every little thing, they are doing an unbelievavle job in relation to other crypto coins at keeping investors informed. If your new here believe me this is out of the ordinary.
Imagine you work night and day, keep everyone informed and still have to hand hold tlnervous investors. It's frankly insane that we expect so much constantly. In traditional stocks they have quarterly meetings, news is released at the meetings then the stock jumps. Crypto is the opposite, news pump - release dump.
Watch the long term trend line, sell on parabolics if you believe in the project buy back on retrace. Win all day and night with this formula.
Excellent write up and great point for those new to the crypto world. I'm looking forward to the weekend conference news from the stratis team.