At least we can all unite in our mutual disdain for fiat currencies and fractional reserve banking. It's always good to try and find common ground with people.

I really dodged a bullet with this one.

The original ICO setup seemed somewhat promising at the time: the premise sounded vaguely plausible, and the developer seemed like a somewhat trustworthy, technically-adept figure. After all, Sigwo had been involved in the Stratis project, which at the time of the first Darcrus ICO still seemed like an honest coin. Since then, Stratis has proven to be a pump and dump (on which I profited somewhat handsomely), but that things would play out this way was (probably) unknowable at the time.

In hindsight, I am just glad the I chose not to invest after the first ICO flopped miserably. I'd say Tyler's analysis is a absolutely spot on.

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, purely 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.

That's a nice average. And you haven't sold any along the way? Even when it was at 18,000?

There's no shame in taking some chips off the table, especially with an ROI above 700%.

Well, all I can say is that I've seen Chris saying he would have no qualms about banning anyone who spoke negatively about the project. So it's hard for me to to believe that was the only reason. Note that I'm not defending Papou. He shouldn't have insulted Krushang, but I have to admit it's frustrating when the price is plummeting and everyone just decides to bury their head in the sand.

Those are approximate figures. The exact average is 9,813 Sat.

Why don't you give us your average buying price? Did you buy on the way up and got left holding the bag?

'Negativity' is an uncountable noun, dumbass.


What time and energy? It took me 5 minutes to type that post.

I don't see myself as a messiah or anything, but I do believe in price discovery, be it in the marketplace or in the public forum. Stifling dissident opinions is one of the traits of authoritarianism and is anathema to the ideals of free market capitalism. Everyone should be allowed to voice their opinions without facing punitive actions like what happened to Papou who got banned from the Slack channel for expressing concerns over the course the project is taking.

I did not sell at the peak. I sold one third at 13,300 Sat.
I sold my remaining Strat (5,000 units) at 7,000 Sat. What a tragedy! Selling average is still close to 10,000.

You all sound the same so I don't exactly recall if it was you or one of the other shills who did, but if you bought on the way up you're probably only slightly above break even. This assuming you bought in during the ICO, of course, and in an environment with absolutely no buy support and a team that is all over the place.

I'll take buying at 5,800 and selling close to 10,000 over that anytime of the week!

I did too. Who are these 'service providers' you're referring to? I was surprised to see the price surge higher after the trading halt. I don't have much experience trading crypto currencies, but I've been making money in equities for a long time and I've never seen anything like it. It seemed like someone was propping up the price artificially.


That is incorrect. I'm here because I have invested in Darcrus and Sigwo is part of the Stratis team. Also, I'm curious what trajectory this project will take. I'm not looking to re-enter the market at any price level.


So, in other words, they failed to deliver a working product that met their self-imposed standards.

Now they're shifting toward the anonymity paradigm, which I find odd. Why try to do all these different things and spread yourself too thin? It's either a smokescreen, or Chris and his team genuinely don't know how to market their product.

Well, all the shameless, syncophantic fawning over Chris and the team, for one. Some idiot even posted the 'Ten Commandments' of Stratis, for crying out loud! Calls to buy Stratis at any price, not to mention the used and abused ”this is a buying opportunity. I'm here for the long haul” cliche are some othergood example.

The way these people write doesn't feel organic, more like they're using a template. Not just in here. They all use the same stylistic patterns, even in other threads.

Looks like my instincts were spot on when I sold everything at the end of November. They missed the deadline for Cloud Stratis but downplayed the whole thing like it wasn't such a big deal. This was a huge red flag for me. Thank god they weren't particularly subtle about it though, which is why I was able to offload my stack above 9,000.

You look at the daily charts and it has all the hallmarks of a pump and dump. It shows an almost perfectly symmetrical chart pattern peaking at 18,999.

The constant shilling doesn't help either. It's nauseating.

Maybe Stratis will be picking up some steam towards the end of the year, but things are looking dire thus far.

What would be the incentive for someone to buy towards the end of the ICO, though? It would make more sense to invest on day 1 and get the 50% bonus instead of chipping in at the last minute and get nothing.

Now it's China, apparently. I'm afraid Bitcoin might be next on the list of safe haven assets.

My understanding is that the Ethereum project is planning to move to Proof of Stake some time next year. That has been the plan for a while, and the move has been hard-coded into the source code through what is colloquially referred to as the 'difficulty bomb.'

Ethereum Classic, on the other hand, intends to remain on a Proof of Work scheme and have opted to diffuse the difficulty bomb to allow miners to continue operating profitably.

A move to PoS for Ethereum means all current mining equipment will become obsolete, so it's expected a major portion of the hash-rate currently supporting the Ethereum network will shift to Ethereum Classic, cause a massive surge in price. Nowhere near $100, but several multiples of what it is currently trading for.

Can anyone confirm any of the above? I've looked around a bit, but accurate information is somewhat sparse and somewhat convoluted.

Yeah, but I got rid of everything last night. The smart way to play these situations is to selling a fixed fraction of one's holding as the price goes up.

I would have held on longer, but you even a cursory look at the order book reveals there is virtually no buy support for Stratis anymore. In hindsight, I should have sold everything at 13k.

I don't even know how to respond to that. I do intend to buy back if it falls below 3,000 Sat, though.

Of course. Not liquidating 75%-90% of one's position after a 1,500% move up is just plain delusional. Sell 1/10 of your investment for every 100% increase in the price, if you have to.

Oh, get over yourself already! Stratis isn't changing the world. Bitcoin might one day stand a chance to make a meaningful impact in the world economy, but Stratis represents just of a tiny sliver ($6 M) of that. Sure it might introduce some interesting features through the use of sidechains, but in the greater scheme of things, it's nothing but an ambitious project in an incipient market.  

I think someone (Krushang, perhaps?) debunked that theory already. I could be wrong, but if memory serves me correctly, the bug wasn't actually directly related to rat4's Blackcoin code.

Well, the bug had to do with Stratis, right? Who cares if it was the interim wallet or not? All I care is the fact that trading was suspended for 72 hours for this token.

They could have chosen to do a number of things, sure. They could have chosen to embezzle the funds. Your point being? That I should be thankful or something? I'm here to make money. All I care is about reducing risk and making money. I feel no sense of loyalty or gratitude towards any of these people, and I think it's somewhat strange if someone does.

I wish you best of luck on your investment, I really do. I'm going to be focused on Darcrus now, which I feel has more upside than Stratis at these price levels. I bought in on day one of the ICO, so I hope I'll be able to flip it for a nice 500% profit shortly after the crowdfund ends. More, if possible.

There used to be a buy wall at 10k. Then it was moved to 9k. Then 8k. Now currently at 7k. It would be suicidal, on a risk adjusted-basis, to buy at these prices.

But I guess there's no reasoning with some people. To them, no price is ever too outrageous. Whether it's trading at 10k, 14k, or even 16k! It simply doesn't matter.

You're obviously entitled to your own opinion, but I think you're reasoning is somewhat fallacious.

Just take ZEC, for example. Trading was frantic in ZEC futures before the token went live on Poloniex. ZEC was changing hands at absurd prices, and yet it crashed and burned as soon as it hit a major exchange. It went from an intraday high of over 3,300 BTC to a fraction of one Bitcoin now.

I expect GNT to follow a similar (if somewhat less extreme) trajectory.

Also, as far at the actual tokens are concerned, the price is going absolutely going nowhere on Liqui. It's currently trading at 1,680 Sat....hardly a stellar performance, if you ask me.

I have interacted with Chris Trew on Slack before, yes.

I am (or at least was) on Slack, yes.


Non-sequitur, much? The release of the full node framework has been priced in by the market for quite a while now. It might go up, but I don't see it breaking new all time highs anytime soon. Just look at Waves. Price went up in anticipation of the full node release, and then it immediately dumped on it came out last week.

As far as I'm concerned, the momentum was lost after the future drift bug. I wouldn't mind buying back some at some point in the future, but I'm going to need a better entry this time, definitely below 5,000 Sat.

Stratis is better than most other alt-coins, I'll give you that. Also, I don't think Chris Trew and his team are actively trying to swindle investors.

With that being said, the potential for appreciation is no longer there for Stratis. In fact, I've just liquidated my remaining Stratis at 7,000 because I determined the aggravation simply wasn't worth it. All momentum was lost in the aftermath of the future drift bug.

Instead of focusing on meaningless 'Hackathon' events, Chris' team should have done more to promote the release of Cloud Stratis Beta. It was supposed to come out in November, but today's the 27th and we still haven't heard so much as a bleep from them. Markets just aren't buying it that Stratis is a viable project, at least mid-term.

You can shill all you want, but you can't turn the tide. You can't fight the law of financial gravity.

LOL. Spot on!
GNT is going to crash and burn the moment it hits the exchanges. The problem is, the developers have swindled so much money that they can't seem to even be bothered to give the impression they're actively developing the project.

They'll be dumping at the first opportunity and abuse investor funds for as long as legal and physically feasible, all the while churning out pseudo-updates to their over-funded vaporware project.