[SNT] Official Status Network Speculation

[feranenem12345]

I hope . I expect it to rise soon .

I do not believe this. Take a look at the order book and see how many bitcoins are in the sales order.
To get to 1300 sats you will need 75 bitcoins and to get in the 1400 sats you will need 180 bitcoins. I think the same person who toppled the SNT price is the same one who is spreading SNT all the way.
I am suspicious that it is the developers who are dumping the more than 3 billion SNT that they have that have not yet gone into circulation. I think they are doing without advertising. It makes no sense that this is a whale that will knock the coin to the point of killing it.

I just hope the clown who is doing this stops going out selling the SNT he has and that pulls out the sales orders by the end of this week because he is going to hurt everyone but he will get hurt too with a lot of sales order with everyone wanting to leave.

[tyKiwanuka]

Just be patient, guys. The Team is doing great work, cpryto-market is getting bigger day by day and SNT will get its share, when the time is right.

[RonMank]

2018 will be Status year.

[TheWolf666]

I've come to the conclusion that it's not a whale who is doing this. I don't know anyone who likes to throw serious money away or who wants to bulk sell at a low price. Professional traders buy low and sell high, not the other way around. I think that the price is being maintained between 0.00001100 & 0.00001200 to provide potential investors with a good entry point before the next update and price increase. At least that's my theory. I'm going to buy some more tokens and hodl until the next update which should hopefully take place within a few weeks.

Guys, when are you going to realize that the whole team doing Status, Gnosis etc... are scammers?
THEY are selling. They are making a project to please investors, doing fake video with friends and actors, and then they sell their tokens in exchange of your money.

Status will never exist or it will be a poor application. It would cost $20k to build such a small messenger clone. It has no feature apart from sending ETH. But what is the SNT used for?

SNT, GNO, EOS are pure scams, and you better get out before they get unlisted from the exchanges. Because at one point they will be. GNO at least should be, it is a dead coin.

[feranenem12345]

Okay. Now we're screwed. 1040 sat. Status has no more bottom.

[feranenem12345]

I've come to the conclusion that it's not a whale who is doing this. I don't know anyone who likes to throw serious money away or who wants to bulk sell at a low price. Professional traders buy low and sell high, not the other way around. I think that the price is being maintained between 0.00001100 & 0.00001200 to provide potential investors with a good entry point before the next update and price increase. At least that's my theory. I'm going to buy some more tokens and hodl until the next update which should hopefully take place within a few weeks.

Guys, when are you going to realize that the whole team doing Status, Gnosis etc... are scammers?
THEY are selling. They are making a project to please investors, doing fake video with friends and actors, and then they sell their tokens in exchange of your money.

Status will never exist or it will be a poor application. It would cost $20k to build such a small messenger clone. It has no feature apart from sending ETH. But what is the SNT used for?

SNT, GNO, EOS are pure scams, and you better get out before they get unlisted from the exchanges. Because at one point they will be. GNO at least should be, it is a dead coin.

36 bitcoins up to 1200 sat, 87 to 1300 and 190 to 1400.

I'm starting to agree with you that SNT is a scam.

If these sales orders are not fake, as I'm assuming they are not, SNT will not moon so soon.

[JaFa]

I'll just jump in and offer a little "encouragement" by saying there is always a bottom, and it's not 1 sat.  Even if the coin is a 100% scam, there will reach a point when it falls so low that a whale can come in and buy up most of the supply.  I've seen dead coins with no devs sit idle for months, only to explode for no reason.  The vast majority of coins, even the promising projects, are just for traders to flip.

Looking specifically at SNT, there does seem to be an unusual amount of selling, more than I would expect from people selling off at a loss.  It could be a whale trying to drive the price down to accumulate at a lower price point later on, but with a newer coin like this my eye would definitely fall on the devs.  Does anyone know how much they have?

[Tezcalitpoka]

what the hack is going on with status?


I started to think you guys lowering the value everyday, and collecting tokens from dip and sell them from high later on, is that the plan?

Status please advise!!!?

[feranenem12345]

what the hack is going on with status?


I started to think you guys lowering the value everyday, and collecting tokens from dip and sell them from high later on, is that the plan?

Status please advise!!!?

I am not in their Slack, if there is anyone here who is and could ask if they are dumping the more than 3 billion tokens in the exchange, which according to the coinmarketcap have not yet gone into circulation, would be great.

Honestly, I can not see any other explanation other than being the developers who are doing this. It's not just the absurd amount of tokens that are being sold. It is also the amount of tokens that is in the sales order. Virtually every sat has a sales order making a huge volume of tokens being sold preventing SNT from going up.

What whales usually do is lift a wall and accumulate and after they are satisfied they tip the wall and let the currency rise, I have never seen one acting in this way selling so much by destroying the coin.

[feranenem12345]

I'm taking a look at the asks list in the book order and I'm convinced that whoever is doing this is the developers.

For Status Network to reach 2500 sat it will need more than 1000 bitcoins, that is, over $ 4,571,501.72

The current marketcap is $ 177,131,410.

They are dumping the more than 3 billion tokens they have in exchange. They are using bot for this.
Most sell orders are small but steady volumes. Each of these being carried out every 10 seconds on average end up turning into large volume.
The bots provide small amounts also in each sat. Anyone who is doubting can log in to Bittrex and see all the sats in the asks of the order book. Practically everyone is filled with some request.

First time I see something like that and I do not believe it's a whale.

[khufuking]

Today I managed to get out close to break even . While I totally have no problem for waiting for a coin/token to takeoff something in the ask orders did not seems okay for me that is the first token ever that I saw with ask orders in every sats there is almost no space to make new ask order  . I will evaluate this token and may rebuy it later when things get clear . for who was asking I am in there slack channel and dev seems active there . But do you really think that if they are really dumping they will admit it to anyone asking !!! (I do not think so )

[feranenem12345]

I'm off the Status Network.

For me it is clear that it is the developers who are doing this and that this coin is a scam.

[sweetbet]

According to a message posted by a user on the Slack channel , developer tokens are locked until 6 months pass and even then they can’t move them all, they are allowed to move them little by little until 2 years have passed. after 2 years pass, only then they can move the entire tokens given to developers.

So I guess this rules out the devs !!

[Tezcalitpoka]

Well im telling you guys, for now stay away from SNT, there are tons of other coins to buy and wait for increase

Sold them all.

[feranenem12345]

Everything I sold in SNT I put in GNT.
I looked at the order book and it is not handled (at least as I write it), the technology is good and on the 7th they will attend a conference with OMG.

Everyone who does what they please with this information that I am giving.

[mangrooooo]

I've come to the conclusion that it's not a whale who is doing this. I don't know anyone who likes to throw serious money away or who wants to bulk sell at a low price. Professional traders buy low and sell high, not the other way around. I think that the price is being maintained between 0.00001100 & 0.00001200 to provide potential investors with a good entry point before the next update and price increase. At least that's my theory. I'm going to buy some more tokens and hodl until the next update which should hopefully take place within a few weeks.

Guys, when are you going to realize that the whole team doing Status, Gnosis etc... are scammers?
THEY are selling. They are making a project to please investors, doing fake video with friends and actors, and then they sell their tokens in exchange of your money.

Status will never exist or it will be a poor application. It would cost $20k to build such a small messenger clone. It has no feature apart from sending ETH. But what is the SNT used for?

SNT, GNO, EOS are pure scams, and you better get out before they get unlisted from the exchanges. Because at one point they will be. GNO at least should be, it is a dead coin.

It's hard to admit, but unfortunately I have to agree with you. It seems that we will all lose the money that we have invested in SNT, or it will be worthless. There are happening too many weird things that would be accidental.

[kiyuan]

it's weird.. too many people sell in loss 

[cooly78]

989 sat.....it's time to buy!!!! 

[prabakharras]

if what you say is correct, then at $0.04 https://www.coingecko.com/en/price_charts/status/usd
isnt it a good time to get in? what you think?

[Intellium]

This is a long-term investment.
I`m pretty sure this Coin could make x5 at least.