Bitcoin Forum

As saw there is a huge marketing for SiaCoin(SC) in social media what do u think guys is for long term or its gona be another onecoin.

Looks like the coin is just going to keep tanking in value, its severely under performing compared to other crypto.

Especially with some Miners that are build only for mining SIA, the Volume will increase dramatically over the next few month - just my humble opinion

FileCoin is a good competitor for SiaCoin.

Siacoin is the project of Nebulous. Nebulous and other early backers control another coin called SiaFunds. Fees from generating contracts on the Sia network accrue to holders of SiaFunds, not Siacoin. We prefer to hold coins where the value from the network or service accrues to the coin holders, not just insiders.

Siacoin is hard to tell. If you just look at the graphs one would say it is quite undervalued, compared to a former price of 0.02$/coin. Now it is <0.004$ again but doesn't show any signs of recovery. I guess the hype is over. It was absurdly overpumped and will not move anywhere for a whole while in my opinion, especially when Filecoin as a competitor is extremely over-hyped atm. Also Storj as a competitor tanked really hard. The Chinese panic doesn't make things easier for a Chinese coin as well.

Chances are, you may never get it cheaper again when the dust settles and new money flows into the market in 3 months. But there is also a solid chance that maybe Siacoin never gets any traction ever again.

You cant compare Siacoin with Onecoin. Even if Siacoin never becames successful. Onecoin was a straight-up scam, a ponzi. Sia is a legit project, with real world use cases. I do think this coin has a bright future. However I highly doubt the price will rise to about $100 any time soon. Its one of those coins that need to keep their prices low. But theres lots of opportunities to profit from this coin.

Yes the price of Sia is cracking down and down to its real value. If you look at the chart last year then you can clearly see that the value of Sia was always under control until this may - june the youtubers pumped this like shit! So it went to the moon in a short span of time and now it's back to the Earth so everything is normal.
The technology is good but I'll use Google cloud instead of sia for obvious reasons.

i excited for siacoin, i see reach good rank in https://coinmarketcap.com/currencies/siacoin/ . i think good for trading, maybe i will wait and see then buy and take profit from siacoin

I once bought siacoin some time back and sold it for a loss. However, I wasn't willing to hold it for long term, that is the one reason I sold it. You wouldn't make quick profit from investing in siacoin. I see a lot of similarities between sia coin, doge coin, redd coin. They are good coins for investors who are willing to hold long term, with high chances of not reaching $1.


Indeed the future is very bright, siacoin ranked under top 20? ::)

I really trust siacoin's future. I believe its going to have bright working project. But I don't expect them to hit sky. Why? Cloud services cannot be more expensive than competitors.

On a continuous downtrend, why would you put money in?

I dont think you can legitimately take a coins marketcap or trade volume and say "that coin will go to the moon soon!" A lot of coins are just used for little pumps.. Cant see SC going anywhere soon as its downtrend is just too consistent ..

The concept of monthly pay and various/cheap cloud offers just spreading everywhere is giving this coin a hard time imo.

Siacoin is going to be huge in the future i would recommend everyone to grab as many as possible or if you want to save more then wait for it to drop further by end of this year it will surely be 1000 sats or even more if any external factors don't occur.
Just remember in short term it will fall this is more like a long term hold

I don't really know where this one's going to go. It's a good idea, but the implementation is very difficult for some people. Combine that with the fact that the payouts are a little bit hard to understand and you have something that the layman it is not going to go very far with. If it was made easier and it was more self-explanatory then it would have a lot more success.

From the beginning I think Sia is solid. At least there's a working software that everyone can use.
Although they seldom update their development progress, but I still trust they are working on making the product great.

Its future can be bright, but they still have a long way to go!

Since Sia can be dual mined with Eth with no impact to the amount of eth mined, Sia supply is getting larger than the demand

Still holding on to my Siacoin. The trend is still downward, but I do believe Siacoin will do well long terms. That's why I'm not panicking. If you don't own any Siacoin now is a great time to buy or accumulate. GL

sia coin future is the best.it is good time to buy now and just wait for 6 month to got the 500% time growth. once a day i had seen this coin at 800 satoshi and now it going on 140 satoshi.don't ignore it and buy at any price near about this price.

more like 120 sats. I think the constant increase in supply seems to be a huge problem to this coin. There isn't enough adoption yet, but the supply is growing drastically. There will be a drastic increase in supply when Obelisks hit the market next year. There should be some saturation for the price to be stable, if there aren't major announcements/progress constantly.

Honestly I read about some guy who made a lot of money with Siacoin, I am talking about a lot of money... however at the end of the day I do not see it succeeding in the long run. Just too many coins out there. I think we see another rise of Bitcoin, but after it crashes for good all these ICOs and such are going to disappear for a few years.

i think Siacoin have good future. Now the price is low so that good to make investment on Siacoin. i already make investment on SC with 20% of my Crypto. ;D

SIA coin is a long term coin. If you are not in it for the long haul this coin is not for you. Right now is a great time to get in tho.

Sia is being delisted from Cryptopia,withdraw your coins.

Too many coins generally, or too many file-sharing coins?

Bought few way back in May, still holding on to it as i believe this project has huge potential and practical use case apart from tons of shit coins which are solely  used for pump and dump.

I hope ther will be a future for siacoin because I'm still holding some sia (not a whole lot though). As you probably already figured I'm quite a bit in the red like most holders I suppose. I will probably forget about it and hopefully sell for a profit when sia becomes relevant again.

sia and storj (both file sharing coins) have both taken a beating, but i think this type of coin has got a bright future.

Reminds me of the series that series with pied piper.

siacoin have a bright future.

they offer storage 90% cheaper than microsoft or amazon.

the only probleme is the huge supply of sia tokens  :(

The market cap is more important than the supply. Sia will rise in the future. Just be patient.

Sia will go up again bet need some time
It have Target @ 800 sat in long term
but may it fall under 100 sat in short term
wait after 30 september will be good wise

We can't really assure the success of siacoin to pump and the risk is their! for me it is 50/50 chances to pump or not but it is good habit to hold alt-coin for long term.

Siacoin is hard to talk about. If you only see the graph that will be said to be quite undervalued, compare with the previous price of 0.02 $ / coin. Now <0.004 $ again but showing no signs of recovery. My guess the hype is over. It does not make sense overpumped and will not move anywhere for long while, in my opinion the possibility of Filemoin as a highly over-hyped atm competitor. Also Storj as a competitor is very hard hit. The unrest of the Chinese does not make things easier for Chinese coins.

Honestly.  I really believe in Sia team with their technology.

But.. 29,514,877,880 SC on the market. How the hell can its price reach higher?  :'( :'( :'(
BTW, they are mining using Obelisk right now, we will have tons of new coins mined every day guys.

Look at the average price of those coins that have more than 10B supply.  :'(

I think the future of Siacoin is bright, but need time to go,after 1~2 years, I think the price will be at least 10X.

For sure, Siacoin is not another Onecoin. Siacoin is not a shitcoin. The purpose and use of the coin is properly maintained. Decentralized cloud storage is one great vision of SC. I think this coin will become even greater in the future so long term holding is advisable.

Risky investment.

Lots of big players in this market, Amazon being the main concern.

Does the project have potential - yes. Can the project keep up with demand and server hosting requirements for a huge audience - no.

Be alright to keep an eye on.

Big competition from other coins, big supplies, as said above. Plus, it might be me who misunderstood the whole thing, but I am under the impression that an expensive Siacoin kinda defeats the purpose of Siacoin in the first place.

I've seen a lot of people praising this over the last months, because basically, yeah, the project and technology is good, and it might all work in the long run, but I don't see it going anywhere for the time being.
This really needs time, I think.

I think Siacoin has a good future ahead of it. Sure, the price is down at the moment but Sia has an actual product compared to competitors. Whether or not Sia will suceed at the enterprise level has still yet to be seen. I think once they iron out a few kinks it'll take off. However Sia is definitely a coin for the long term and not for one looking to make a quick return on investment.

I do see some traders who are holding SiaCoin for the long term and they also have a product to offer so I think its price will rise up in the future. Its price is pretty cheap for now and it seems Sia is in accumulation stage right now and volume is getting higher so maybe sooner or later it will eventually rise up. After its pump last May, its price is getting lower and lower but the team behind is still active so it would be best to get some now before it explodes.

Siacoin is a long-term coin. This is very a good time to go shopping while it is on it's bloody days. I have acquired more than enough and only waiting for this giant to be awakened in the right time.

For now it's dumping (let it dump), but SC has a bright future. I'm hodling some, and I will be adding to it.  :)

Although these are low prices compared to June, but still waiting for it to dump more, so that I can average down to even lower prices ===> more ROI.  ;D

I'm evil, ain't I? http://www.getsmile.com/emoticons/smileys-91853/aiw/diablo.gif

It doesn't matter if you have 1 person mining a coin with a single rig, or all the people in the BTC network mining.  There is not going to be "more" supply coming in because there are more miners.  All coins autocorrect their difficulty based on how long the last few blocks took to mine, and what their target time is, and adjust to keep the block time around the same time.  The block reward is set as well.  So no, the Etherium miners aren't making more coins which is dropping them in value.

Here is the current "problem" with Siacoin.  They announced ASIC miners a few months back, and since then the price has plummeted.  Most likely due to alot of people selling in order to pay the $2500 per machine.  The exact same thing happened when BTC announced their ASIC's and LTC as well.  If ASIC's can tank those large coins, it can tank a smaller coin like Sia just as hard if not harder.  In the past with those other coins mentioned, as few months after the ASIC's were shipped and they were paid off, the price came back up.   

Siacoin is a project based on decentralized storage and it really really has a lot of potential to grow. Even the prices of the cloud storage is cheap and very competetive. You can expect high returns from the project in future.

Hi! My English so bad, excuse me. I am fully noob in this world, but have some money to invest. Can anybody explain me few simple things? I research couple projects and sia one of them. How Obelisk might increase a price in the future? This machine will give more coins. Right now circulating supply is 29,548,824,264. If the circulating supply is more, and the demand is the same as it can increase the price? Need to increase demand? The increase in demand for a coin will raise its price. But the advantage of this project is precisely that the price of a coin is low. What will be the meaning of this project, if the price for a coin is $2 or $3 (for example, any value is greater than the $1)? The competitive advantage over the same Amazon will be lost. Correct me, if not right. Thanks.

I also believe in SIA Coin, it looks a real project with a real team that started on this year's ago. Let's see how it goes in the near future.

I bought SC in May and have had a lot of good returns and now is the best chance to buy SC because the price is very cheap now. I believe in this market will have good prices because they are always supported by many communities

You just need some positive developments, the reality is it is really cheap, if you like the project throw a little its way and 3-6 months you may do very well. Never play with what you can't afford to lose

I think SC has a great potential to develop. Based on its decentralized storage technology, like google drive, etc., and the marketing campaign broadcast in social media it seems the company is aimed to move to another level of presenting its product and raising funds for it.

Also favorite siacoin..A few months hold then huge profit..Time to buy now because the market is down a lot.I hope as soon as possible siacoin is raising up.Many trader buy siacoin and hold, i also hold this.Because siacoin future is so bright.

I would say that SiaCoin isn't a one-day thing, it has a lot of perspectives ahead. Thanks to its cloud storage innovation on the blockchain, it managed to reduce the usage costs significantly, which makes it even more attractive to invest into and address to.

Obelisk will NOT create any more coins than are currently mined now.  All ASICs do are allow people to pour more money in to get a bigger piece of the coins that are being created now by increasing their Hashpower on the network.  ASIC's are good and bad for a coins network security.   On 1 hand it generally increases the Hashpower on the network, thus creating less of a chance of 51% attack on it.  On the other hand, generally ASIC's create is own problem where the majority of the hashpower is controlled more by companies then by individual users, and in alot of cases actually creates a virtual 51% attack, as these companies can hold over 51% of the hashpower for a continued amount of time.  It's saving grace is an ASIC (the Obelisk) can only do 1 function.  And since Siacoin uses its own algorithm, anyone destroying Siacoin with their Obelisks would in turn destroy the only thing their machines they spent tons of money on can do.  Thus costing them their entire investment.  

Since you are most likely not a miner.  I will explain like this.  Mining is NOT like mining for gold.  Where the more miners you have in the ore vein, the more Gold will be mined in a given amount of time.  

Instead it is like if you had 1000 people in a room where a set amount of pennies drop a minute.  For ease of Math lets say 1000 pennies fall from the ceiling each minute.  GPU miners would be the people buying in to pick up pennies with a small gardening shovel, where the ASIC miners pay 100X more to get in the door and they get a large net.  Eventually as more and more ASIC miners are sitting in the room with their large nets, the GPU miners will give up and leave as they are only able to capture a few pennies here and there per day that are missed by the people nets.  But if all 1000 people switched to Large nets, They would all have to pay 100X more to get in the room, and would all average the same 1 penny /minute they could have gotten if they all stayed with the small shovels.  The room will never switch to 2000 pennies falling per minute because everyone is in the room with expensive nets.  Hope that was a good enough analogy.

Thanks for explaining. After your post I have learned a few important things

I don't understand this shilling about how siacoins future is so bright, I see very little happening in terms of actual development on their network. How exactly is siacoin better than storj or filecoin?

The SiaCoin Future is a Awesome . It is now low price but any one can buy this coin and his life will be a awesome in a few days later. SiaCoin is a most value able and great coin in this world . It is a big future in front of 2018

Their big future, and their current problem are both tied to the ASIC miners they announced a few months ago (Obelisk's)  This should eventually stabilize the network, giving more people a feeling of safety to then purchase their cloud storage.  Also should increase the feelings of safety for the investors of the coin.  And once they start mining with the Obelisks, and pay them off, the pressure to sell will go down, and the price should gradually rise as well.  It's not saying Sia will go to the moon, just that it should stabilize and start an upward trend.  To where, who knows.

And not to say Sia is better than those other 2 cloud storage coins.  But that Sia is better then 99% of the coins out there that don't really have a business plan or even a real reason for existing.  3/4 of the coins now seem to try to fill a niche market, but I don't even know why anyone would want that.  "This coin is for buying cookies", and "this coin is for buying milk."   Neither dev is pushing a business plan to actually sell cookies or milk with their coin.  Plus why would a consumer want to open 19 wallets everytime they bought groceries?

Siacoin will never, EVER reach $100 a coin. You have to look at its total supply to see what its max limit it could possible reach. With a current circulating supply of 29,565,168,549 Siacoins, if it reached $100 a coin that would mean its totalmarket cap would be $2,956,516,854,900. Thats an almost 3 trillion total value, and they are adding more coins. No way it will ever reach that value, it would be one of the most lucrative assets in the universe.

Every coins has its ups and downs, Siacoin is offering a real product that is needed to the market, it is not another ICOs like monaco with Zero product.
Its price will go again high for sure

I think SC will disrupt file sharing services in the future. I would not worry about the current price. It will rebound back and do well in the future.

I agree with you SiaCoin is the most amazing altcoin at this moment because if you do not invest right now you will definitely miss a lot of big profits. I am sure in 2018 will be the best development period of SiaCoin.

Cool concept, honest team behind it, but I am concerned about the business model, not user friendly enough considering all the competition out there. The average user does not care if cloud storage is on the blockchain, they want easy to use.

Because the Chinese traders had to withdraw their coins from exchanges like Yunbi, it resulted in much too much supply compared to the demand over the last 2 weeks.
Even though SC is not ready with their product, a bag wouldn't hurt.

Siacoin isnt worth it. They focused on bringing a ASIC miner to market over developing their project more. Filecoin will be the winner eventually.

My take on coins such as SiaCoin is that they have a very limited set of real world applications and that decentralized data storage is always going to be more expensive. As of now, none of the "data coins" is easy to use in spite of their explosion in price that is likely driven by speculation.

some support at 130 at the moment, moon time  :P