Am I even correct in my basic analysis of the market?

Were they communicative up front?  

Is communication prompt and reliable, K1 delivered on-time?

I vetted you 2+ years ago, after hearing your affiliation with Avery Carl's STR nonsense if I am remembering correctly-- I dropped all interest. 

I do know the last mass communication was 9/16 and that Marco promised communication every 2 weeks.

The answer is it depends - if there is no more settlement then they are correct you probably do not need piers at this time, if it continues to move then you need to do something.

If that transaction would destabilize the bitcoin market I would have already cornered the market gotten rich and then popped the bubble because I am tired of hearing about bitcoin.Let me correct a few things.1)  bitcoin is not a currency.2)  There fact you cannot simply take a loan in dollars against your bitcoins might be a sign of a problem.3)  bitcoin is not taxed like a currency.  

I just keep hearing over and over again to just take action and course correct from there. 

Our architect has been slow to communicate and get the work done.

As important as due diligence, analysis, knowledge of the property type, track record of the syndicator, correctly predicting economic trends, and timing is, the number 1 way to avoid a devastating loss is NEVER INVEST MORE THAN 10% OF YOUR INVESTABLE ASSETS IN ANY ONE DEAL.