Bitcoin Forum

Siacoin this with many news will be that we are about to have a great opportunity of gains?

Well for this one I have not got much information about ICO and others. if it is true we will get a good profit, surely they really need full support to succeed the ICO. we should look forward to just what concept they will use to smooth its ICO.

as i know siacoin is an old coin and born at 2015, so this is not an ICO from new project
and listed on poloniex and bitrex too
https://coinmarketcap.com/currencies/siacoin
and this coin is good for long term hold, because the team always development this project

Well, at 52 satoshi's, roughly .3 penny per coin, it can't go much lower.  Crazy to think that it's gone from 850 satoshis down to 52, over 90% drop in price.  I don't know the logistics of delisting coins but can it go lower and still be exchanged?  I don't really see a reason to put money here as there are so many other places to invest.

Siacoin running from last 2 years. and this trade in big exchange poloniex, bittrex and hitbtc etc. now siacoin in very low rate.  Last three month this coin rise 70 satoshi to 1000 plus satoshi in only three month chart. so this is big profit coin and rise 1000% to 2000% anytime. buy now this low rate and hold for some time and earn huge profit. Siacoin is best Opportunity in crypto.

What happened to make it drop that much? Although other altcoins are dropping since the last high, but 90% drop is pretty huge.

I think siacoin is a very good project in which you should surely invest. The idea behind the project is of decentralized cloud storage and it was the first project based upon this idea. The project was launched way back in 2015 and is a very popular altcoin available in the market. The team of the project also seems pretty strong and promising.
Currently, the project has a market capital of more than 100 million dollars and you can expect good amounts of growth from it. You can expect it's value to be around 0.01$ within 2-3 years for sure.
The biggest competetors of siacoin Andre STORJ and FILECOIN but siacoin is the oldest of them all and is more capable.

indeed sia is a good project,
but it has a lot of competitors out there,also its supply is very high compare to others.
because of that the price of this coin is very low.
plus if we're looking at our current price and its price before the dump,we should see it's doubling its price.
so i do not think we will see it at the moment at least.
but i hope for a long run it has a lot of future.

Yes- Sia was overvalued for awhile due to hype.  Its potential is great but what people don't realize is that it is still in early stages of development and is not yet intended as a fully functioning product.  So when things started to cool off and Filecoin and Storj were getting hyped there was a huge crash.  Even then it is still worth a lot more than two years ago.

Decentralized storage in general (and not the pseudo decentralized cloud stuff) gets a lot of hype because it has so much potential but will still take months or years to become mainstream.  Of course this is not always the case.  The coin I am rooting for currently, Oyster, has a great take on decentralized storage use but could use a little more support.