Bitcoin Forum

What is happening with SIA coin.  :'( ??? >:(
It has been going down and down. Is there a bottom. Are the devs still alive or are they packing now that they got the BTC for the asci machines?
This trend scares me. Am I wrong, should I sell out or will it start moving up again?

Devs are still alive and active.  Problem is 2 fold.  All coins are dropping, and alot of people are dumping their coins to help pay for their $2500 Asics they ordered.  1 thing I can promise is when ASIC's went live for both BTC and LTC this exact same problem occurred where the coin price was trashed until people had paid off their ASIC's and then held onto their coins for a while to sell gradually to make a bit more money from them.  Guessing if it can take the big guys out, it will do the same for Sia.  That being said, I don't see the price growing for a while yet.

Siacoin price is falling down sine weeks now.
I think one of the reasons is Siacoin is one of the coin mineable in dual mode with Claymore'd dual miner. And with nVidia GPU, this dual mining has no effect on the principal mining (Ethereum).
Then, nVidia miners earn a lot of Siacoin without spending more money.

I want to know also how fast its supply is increasing. It may also affect the price much last time I looked at its supply it was 27 billion, now 29 billion.

I think the reason for the fall in a relatively large number of coins and easy mining.

The ASIC mining will help bring the price back up, how much no one can really say. You have to think that throwing .1 BTC at it might work out for you in the next 6 months or so. Of course if you are a day trader, you might be able to make more.

https://forum.sia.tech/topic/161/about-siacoins-calculation-and-supply

In July of 2020 (3 years from now) there will be roughly 44 billion Siacoin.
At the moment the outstanding supply is roughly 29 billion Siacoin.

You can check this for yourself at:
http://explore.sia.tech/

After 2020 the annual new supply will be roughly 1.5 billion per year,
which is a rather low inflation.

SC coin? lol nothing.  good tech concept but coin overkill...so will just be PnD for a lonnnnnggg time.

every coins are decreasing their prices and I think there is no big problem in this issue. Therefore, just hold your coin brother, I believe that SIAdcoin will soon increase back to normal. After the next hardfork, bitcoin will become more stable as well as other altcoins, too. Bitcoin has affected most of the cryptocurrency around here

Thanks everyone. Great info.
I only have about 100k and would love to get about $0.01 or 0.000002 Btc. Hopefully it gets there in the next 6-9 months.

Don't forget that the devs or the team doesn't want that siacoin will be expensive. Siacoin should be cheap so customers will use services. Who want use expensive services behind technologies?

It was already overvalued and it is correction price. Don't listen anyone before invest.

There are a few competitors as well, which may steal some attention (rightfully or not). For Sia to sharply rise, I suspect there needs to be reports of more usage. It probably has decent potential, but atm there's not a lot of service on the platform.

It's a working product though, which is more than some other projects has.

Does anyone know if this paper wallet is safe? If the price drops a little more I might buy a little on the off change it goes up in the future

https://siapaperwallet.co/

i think there may be too many of the same types of products in the market, like storj, ipfs, genaro and so on, siacoin price already increased a lot in the past months, it need a correction to back to its real value

I need is real price to be around $0.01 lol.

Yes i am looking everyday at siacoin charts, and it is incredible how much it dropped in the last month. It was more than $0.01 a few weeks ago, and now it is less than half a cent. I think this is a horrible situation for those that are holding siacoin. I had more than twenty thousand of it, but i dumped my sc because i knew from the beggining that this coin was only for dump/pump.

They are playing with fire here. They don't won't the price of their coin so be high but that will really keep away investorys. If no investors pay attention to the products it's hard for them to survive until they got their product going.  :-\

Can the investors be like "yo dev team, buy back my tokens"?

If the tokens drop to 1 satoshi, or whichever satoshi value where existing token holders collectively say "screw it, i'll just hold it", it doesn't exactly affect the project's current financial standing, would it? Can potentially be detrimental to future stuff where they need to reference their market value (i.e., pitching to future investors), but not the actual business itself, right?

How I see it, they can still sell their services like a regular business with the twist of needing to purchase Siacoin for the service. Usual means of marketing/partnerships/selling/etc. etc.

I really think so too.....

I think that overstates the importance, unless they become in need of more funding it doesn't make a big difference.

If the technology becomes a success or not is the crucial element, and that hardly depends on investors atm.

What is happening with SIA coin? :'( :'(
Sia coin price falling down very much.I don't know what I am doing now.Because i have many Sia coin.I buy it per sia coin at 0.00000283.But at present sia coin price is 0.00000129.I am not sure when sia coin go back its past price.Because i need loss recover.

My SiaCoin value just left 1/4 compared to the time I bought , I bought it after I study about the project and the team
The current dramatic crash I think one of the reason is due to a few strong competitors like FileCoin and the application itself cannot prove how can they compete with big company like AWS
Btw the team doesn't care about the investor's concern nor the price of coin
All these reason had bring it real low and I don't think tis is the rock bottom

The devs do need to have the coin though. Without the coin reward the people would have no incentive to support the network.
I bet all the people that bought the ASICS right now for SIA only are sweating it.

Hey there, i am going to buy some Siacoin (SC) today but i am worried right now seen this topic. i select this coin because its dump now.
now i am confused. what should i do..?

Don't be scared. And do not sell your Siacoin when you are at a loss. I think you did your reading about the Siacoin project before jumping to invest some to it. Trust the project and trust the team. Both are very solid. SC is a force that is accumulating power.

Just buy it as long you are not spending money that maintains your daily live expenses, as SC is really low now , I don't it can go any lower
Even it is able to go even lower , the potential return vs loss is very good in shape right now , you can expect a possibility of 10 fold in profit but there's almost impossible a 90% loss as for now

I didn't know about this dual mining possibility. Have to take note. However, now that it has lost so much value I'm personally holding. It may take years to recover, but it will. It would have been wise to sell earlier, now it makes little sense to me, I'm just forgetting about that money until it will eventually reappear again.

The price can go higher if viewed at a long term perspective. I would also wait for a dump to happen so I can get some SIA coins.

what you are complaining about with the SIA coin, I suggest continue to be patient, maybe dev is not active, let's look for the information and always hope that SIA coin will rise again, it is same as PBT because it goes down, the price when ICO is different from now.

that's right, well what you suggest, do not sell Coin when you are confused, because if you sell the moment with confusion later you will regret, hopefully the price will back up.

SIA was one of the most promising coins a few months back, sad to see how much its plummeted. I hope that they come out with some great news soon.

Yeah man, Siacoin was one of my favourite coins in the list of cryptos. SC was at 500 staoshis when I started trading but I feel really bad when I look at its price now. I had bought SC st those prices and was fortunate enough to sell it back at those prices. I never knew SC would go this down and stay in the same position for months. It has been a very long time now since SC has crossed 300 sat . Feel bad for you that you are holding so many Siacoins from a long time.

If you understand how market works you will know that there is nothing wrong with sia.  Cryto-curreny Market is cyclical in nature. There will always be boom and bust. Your duty is to know your exit price even before you buy

I agree so much with this. I wish more people would stop focusing so much on the price and more on the developments. SC has a lot going for itself compared to it's competitors. It's definitely not a coin for the short term. Everything may not be perfect yet, but things will get better in time with SC.

Yes, SIA is good project with hard working team. Sia coin fluctuations had been similar lately, dont lose hope and keep holding.
You never lose money unless you sell your crypto at low!

Yeah I guess the decrease in value is not found only in SIA coin but also on other great coin in the market. I hope sooner evrything will be the same again in SIA. I chose the coin because it has a really great idea and platform. I will just keep on holding in this coin. I think there is nothing wrong in hoping on this coin until the end of this year. :)

I really liked the idea behind SIA and I am supporting it.
But there is competition in this scene with other coins so devs should work harder.

Sia is a good coin, so is her team and product. For the last time it has subsided. Well, I think we are waiting for something cool, I think soon there will be serious news on this coin.

That's true. I believe people are scared and have been pannicking, therefore they put huge sell walls at low prices.

Here's some good news for you SIA holders. Looks like theres actually a bright future for SIA.

Pic:
https://pbs.twimg.com/media/DKrgXx0XkAAXbNe.jpg

You can find this picture along with other new developments on sia's blog or twitter account. Just HODL guys. Potential upside soon.
For more info: http://sia.tech

be patient and sia will come back :) this is normal all coins has up and down times now is the time  for good news and we are going to sky :))) ;D

i think sia will grow in november with the next update

Check out my post....a cautionary tale on getting 5 obelisk sc-1 machines

ouch, ouch, ouch!


https://bitcointalk.org/index.php?topic=1976753.msg25843156#msg25843156 (https://bitcointalk.org/index.php?topic=1976753.msg25843156#msg25843156)

don't be me

hell, don't even look at me

heck, don't even look like you are looking at me or this post

run away! before it is too late!

(they will eventually ROI right?) :(