Post
Topic
Board Announcements (Altcoins)
Re: | STRATIS | The first blockchain developed for businesses |Full POS
by
kadscuk
on 11/07/2017, 00:56:30 UTC
Here are my thoughts on this current saga.

The only reason Stratis is dumping is because of the mentality that exists on Poloniex, and which we've seen time and time again

Stratis as a crypto lacks liquidity and is dependant on Poloniex for most of its volume. This is not good and is going to cause Stratis and other cryptos problems.

As we all know, Poloniex is a lot of the time about pump and dump. It has a certain mentality where FUD and SMA/EMA curves sloping downwards will cause people to panic and sell.

We see so many times in Poloniex....coins being pumped out of nowhere and then dumped. Or being dumped unnecessarily when people panic sell but rebounding again later.

Poloniex is the cause of this problem, and Stratis really needs to get onto more exchanges to stop this type of dumping and bring more price stability.

Another thing: Since Polo disabled its trollbox, I've noticed the level of crypto market fluctuations has increased massively. I honestly think there's some sort of a correlation here. The trollbox brought excitement and enthusiasm for a lot of techs to noobies, who otherwise dont have a clue. Now that its gone, FUD for noobs reins supreme.

So, the bottom line is: Poloniex with its monopoly in volume is a huge problem. Other exchanges need to up their game and become stronger and take market share