Bitcoin Forum

Some of the experts are saying that Siacoin will hit $1 this year.

Is it possible with 32 billion circulating supply?

I want to stock it up.

It is a dream, I can't see it justifying that huge valuation. The price is not even close to 1000sat. The only thin SIAcoin as working for it is that it is one of the old coins in the space and have high number of people that have committed alot of hash power to its network

I think with further adoption of its technology it is possible.

I like the SIA project because it is an actual working project and it has ambitious plans that can be fulfilled.
The development team are very active and They are due to ship their own dedicated mining hardware called OBELISK [great name]
https://blog.sia.tech/november-obelisk-update-4216c77a5356

and on the topic of mining SIA there is also a rival miner announced by Bitmain, the Antminer A3 which will compete with the Obelisk,
im not sure if this is good or bad.

They are listed on 3 top exchanges Poloniex, Hitbtc and Bittrex so trading should increase as they will inevitably be added to more.

I think overall 2018 will be positive which should add to the overall value, hopefully.

  

in the crypto system everything is possible. what today is worth zero can get to the stars and what is worth so much can you dump to zero.
thanks for the tip.
I suggest you also buy something on our alaricoin project.
ALCO token far away on etherdelta and idex. today at a very low price .m
Alaricoin the maximum bid is only 1 million tokens

The cloud storage market size was $30.70 billion in 2017, so if Sia will corver the whole market, it is something about $1 per coin. As for me, this cannot happen in 2018.

Well same thing was for ADA when it was 2 cents in Nov but it did hit $1+ on Jan 2nd.

Well, a lot of people say so on Twitter. I was fooled about it I guess... Had 0.2 BTC amount of SC, now it's worth 0.1. So pissed, holding till it comes back to 0.2 (I am absolutely sure that some whales will pump it ASAP). Then bye bye SC, no way SC can be $1 this year. Maybe $0.1

I am sure you did not make a bad investment.  You just have to be patient.

If your prediction gets right i will be very happy as im holding a good wuantity of siacoins, but personally i think it will not be easy with this large supply.

If it ever get wide adoption, its pretty possible that supply will actually DECREASE

ADA isn't coin for decentralized storage, so it isn't correct to compare.

Çok zor bir ihtimal . Siacoin 1 dolar olacağını hiç sanmıyorum .Circulating Supply 32.359.252.497 SC .

Looking at Sia and its capitalization is hard to believe that it will reach the price of 1$ next year. it should then grow in 50-60 times..It might happen just if Sia made breakthrough and   became the main platform for cloud storage but in this field  it has too many competitor - Amazon, Google, Microsoft. Billions of dollars are required to enter this market.

It is very possible, Sia has been developed for a long time and it is one of the best projects in the market and it will be actually used by people. It will reach $1, this year or another but 100%

Personally I don't know why so many people are shilling SIA. Current price per TB is around 3 USD. There is 3x redundancy, so you need 3 TB of storage space to store 1 TB of user data. So many people have laptops today instead of desktops. I doubt that anyone has the laptop on the table running 24/7/365. Anyway, if I assume that a user has 500GB of storage space to provide. That means 166GB of pure user data (without redundancy) which equals to 50 cents per month (if your storage is fully utilized). Is this kind of profit really worth all this hassle? This can pay off only for large whales which does indeed make the storage rather centralized.

Even if SIA costs for storage will be equal to let's say Dropbox (10USD/month/TB), we are still talking about dollar fifty per month. And with dropbox, you can re-upload the files as many times as you want and you are not paying for bandwidth.

I do not want to FUD, I am just curious what you guys think about it. I am aware that the project has to have some time to grow but still, I don't believe that it is economically sustainable.

I think it is not realistic for Siacoin to reach $1 in 2018 however it may cross $1 mark in few years.

By 2022 might be Siacoin could cross 1$ . if Siacoin 's community do have potential then it might be but i dont think so if it could fly to 1$ this year !
But No one can predict accurately !!!

Happy Trading

Thanks
Regards
 

Sia can hit $1 in the next bull cycle.

Current ATH is 15 cents.

I don't believe this will happen. Like you said, that's $32B too much.
This aint ripple or something. It was hyped like almost a year ago, but I doubt it will hit $1.

No, 1$ for SIA it's to much, better to look for coin with less circulating supply.

What was same with ADA, can you please explain in few sentences. What was the same.


SiaCoin is stable coin which will stay in Cryptospace even when big crash happen and wash out 90% of coins, maybe even your ADA.   Why would such stable coin gain value x50 in less then a year?  I can reassure you it will nor lose value 50 times and will not gain value 50 times.  I dont know what will happen in 2019 or 2020. But we are talking about 2018.

so achieving 0.5$ would be a great success for siacoin

i bought siacoin at 0,06 and form then the price kept falling costantly, obviously i'm holding till it will come back to a higher level, and it will, we have just to wait. but said that 1$ with this capitalization would be a lot!

As I have said before, to achieve this capitalization SIAcoin would have to come with something more innovative than the current concept. Current money which is paid to hosts is extremely low and in case someone uses dedicated computer to become a host, SIA won't even pay for the hard drive even in 10+ years, not counting electricity etc.. However, by increasing the price, they are going to lose customers. Scaling up won't help here, a customer will want to pay certain amount of money for certain amount of storage regardless of the size of the SIA network. In current state, the SIA will fail in my opinion, sooner or later.

When we will see new Obelisk circulation supply will have huge growth. And for developing SC as coin with PoC not required big price because it can be too expensive for service customers. I think all understand that any coin designed for a specific task not for holder's profit?

It's impossible. If siacoin reaches 1 dollar, can you guess what will the siacoins marketcap? There is no need to talk about impossible things.
There is nothing to be discussed or thought about ;)

In my opinion we can see siacoin at this year somewhere at $5 if bitcoin will be back at his awesome value $25000 . If bitcoin is still going down or he will stay at the same price 8-9k then all altcoins will be stopped from growing . I hope bitcoin will be back so siacoin will go up . By the way I saw a youtuber that he put almost 150k in siacoin

Maybe by 2020 it's possible. Still long way to go

How you define the siacoin will be bumped to 5 USD. I know many people mining the siacoin and holding it for long time. We need to check the project will be long lasting or dead soon. We have to check the marketplace movement on this coin all the time.
You mean you have invested 150K USD on this coin. I really amaze how did you understand this coins will be bumped more in the market.

$1 is quite unlikely it will definitely raise but I don't think it will raise that much.

Not this year. I thought that Siacoin will jump earlier, but it didn't. I guess they are still working on some things.
1$ is to much now, but it's not impossible in the future.

Its possible. People were once wondering if ripple will ever go to 1$. It went till 3.80$,and then the aftermath of it was a long awaited dump. Siacoin is a  coin which gets pumped and dumped very often. It can go to 1$ but the probability is too low. But don't keep your hopes down cause hey it is crypto. ;)

I do not think it would be a very imaginative approach to expect Sia to come for the $ 1 price for the future. As Sia's price increases, Sia's price will increase as Bitcoin price increases.

Anything is possible in the world of Crypto and one day it could well reach $1 or more but this year is a little optimistic.

I believe Siacoin can reach $ 1 this year. Investors in the cryptocurrency market are particularly interested in crypto coin worth less than $ 1 and invest heavily in it. Like the XRP, I believe that SC can reach $ 1 this year as well as I am buying SC for a long time.

Sia is a good project in my opinion. Of course, at a dollar level. However it is hard to predict when this happens. The market has already been shaken. Even stronger projects are set off from their goals.

i can't imagine situation where sia reaches the 1$ this year, it must happen something  fabulous, what makes the price grow in 50 times ..if only SIA will become the coolest project providing the service of cloud storage and will kill all competitors  ;D.

The $ 1 price level for Sia is far too far. Sia seemed to be in good shape last year in June. Later he suffered a great decline. The restoration will be this year.

$1 for Sia needs more years to achieve, they have so much coins supply.

Nope... The all time high previously was around 0.07 USD only. You'd be looking at a 15x gain if you want it to be $1, from the previous all time high. It would have to be some Verge level stuff if that happens.

I wouldn't put money on it. Siacoin usually gets hyped and then very quickly the hype dies off and price regresses to around $0.01 or so.

Right now SC is bearish and it should continue to be that way for a few months to come, and even in the best case scenario I really do not see Sia breaking half a dollar, since that would mean it would have a 16 billion market cap, which is crazy.

Siacoin is already an advanced project, no longer a simple idea. Has been traded on the market since Aug 2015.
The idea itself, has demostrated how a good project can lead to a good currency. Prices are extremely profitable, because a terabyte of saved data costs one tenth compared to centralized competitors.
Despite these premises, I think that 1 usd is highly unlikely. That means 32 billion market capitalization, and compared to other projects it seems too much, at least for the next 2/3 years when hopefully the total market capitalizations would be around 2000 billion

there're a lot of things that we need to consider before investing into it,
even though it has a 'decent' network,
it won't change the fact that it has a lot of coins on circulation and some of them bought it at the bottom,
just like what people said,
the best/peak that we ever reached was around $0,07,if we're talking about its potential.
we can say it may hit $0,5 in the future(quite many in my opinion,but lets dream about it),
but bear it in your mind,it's totally different compared to Bitcoin.

I think that SC will not reach 1$ till the end of this year. Because there is too big supply of it and it continue to grow with the the mining of it.

Because of mining, price will not go up as much, but it will continue to grow, maybe in a few years. we will have to wait for it.

Extremely profitable for whom? For someone who stores his data on the network - yes. But for storage providers, it is an economical suicide (or charity). Both sides have to profit. Sia will sooner or later fail due to this. What is the motivation for someone to rent his HDD space and run his computer 24/7 for couple of dollars per month (hundreds of GBs fully utilized for Sia)?

I believe in the project and its quality, should not be underestimated, but I will make a slight comparison with Ripple which has large institutions and similar supply,looks at the fight to stay at $ 1, everything will depend on investors and the commitment of the Siacoin team. Yet it is only my point of view.

what a silly title. first supply is too much. I need to increase it 50 times in order to get 1 dollars. this is so hard.

Sia coin is a good coin and also the project is really good compare to other sharing HDD but for going to $1 i must say it is almost impossible because of the coin in circullation is pretty big maybe in ten year or maybe not touch that price at all. It is arround 20 billion coin in circullation right ?

Could you please elaborate? I saw numerous times that this project is really good and storage prices are very low but why it should be profitable for storage providers? Current prices almost even do not pay for the electricity consumed due to 24/7 operation.

maybe you didn't check lately how much electricity average HDD uses? :D

On topic, I don't think its possible until network is fully operable and get some major company use it for storage (Netflix, for example)

OK, two possible scenarios (based on real-life usage):

1) I have a regular PC or laptop running. I use a computer a lot and my PC is running basically for 16 hours a day. I have spare storage that I want to use for SIA. Thus, my electricity costs directly caused by Sia are a PC running for 8 hours per day. My PC (old Intel C2D E8400) consumes about 80 watts when on at idle. Let's assume 20 watts in case someone uses his laptop. 8 hours 365 days a year at 20W will give me about 14 dollars per electricity (Europe). If I let Sia use 1TB of storage, from my understanding of Sia, ~340GB can be effectively utilized for (the rest is redundancy). I earn 10.24 USD per year (current price of 2.56 USD/TB/month).

Result - loss of ~4 dollars per year.

2) I will use a dedicated hardware (let's assume something like Raspberry Pi) and 1 TB drive. RPi consumes about 1W of electricity. Let's assume SSD drive which consumes 0.05W in idle. So that means about 1W of power. Yes, then we have the electricity "for free". But your RasPi which is 40 dollars will get paid in more then 3-4 years, not counting the cost of that damn drive. Or you have spare 1TB SSDs for free?


I don't know - try to explain it to me - why is it actually worth for someone to rent its hard drive space. Even if the rewards were 5x that big. Even if I had electricity and the hardware (1TB drive) for free and the prices were x5, I would receive mere 5 USD per month. That is one hour of dishwashing somewhere in the pub like work in my country. And your space has to be 100% utilized which is clearly not the current state of Sia.

Yes - it may make sense for big server players who have hundreds and hundreds of GB spare. But then we are getting closer to centralized storage and not decentralized.

How about 3rd possibility? because 1st one you mentioned won't work at all, you need 99.9%+ uptime to earn good money

So...how about four 8TB disks for 32TB overall (about 220kWh per year plus maybe 200kWh more for Intel Atom-like PC) for about $1000 per year minus electricity?

That would about 1y ROI, but since whole market is low atm, so is sia coin...not too long ago that would be more than $3000 a year


Of course, I took best case scenario, and truth is somewhere in the middle...point of the story is, you can forget using laptop, or anything non-dedicated...you need dedicated
rig, same as with GPU mineable coins

I am sure about that Sia will rise in value in the long term, but to predict its price, we should also have an idea about the rise of the market. Another bull run can make it even $2.

as others said before : to much supply to get to this price (1$).
I dont see any chance that sia is going to have 10% share of the world wide cloud market.

Also my opinion is that hardware prices and storage prices for 1 TB sia are too low.
ROI is terrible, uptime must be 99,99% percent what is not possible to run that on a home pc system.
internet providers don´t provide 99,9% uptime, why should they ? thats only possible in data centers where the infrastructure is way better than copper or fiber to home wires.

Sia hosting is profitable when you have acess to:

cheap hardware without VAT
cheap electrical costs or solar energy at home
good internet connection which states that you have a expensive contract with a internet provider.

so hosting is only possible as running as a business, otherwise its really gambling. And for that there are better cryptoassets to speculate out there with better ROI and sharp ratio.

So the only possible way for Sia to work is to be dependent on a large number of individual large-scale (tens of TB at least) providers which will own the hardware? Well, my opinion is that this won't end well. Sia markets that everyone can rent his free hard drive space for Sia customers. We have concluded that this is not profitable and users have no reason to do that.

How are you calculating the Sia rewards? The redundancy is x3 so either only third of space of is used effectively to store user data or the user is charged 3x as much for the data storage. Personally I don't know - do you know how this works? The redundancy must be stored somewhere. That means not 1000USD per year but one third of that which makes your ROI about 4 year-ish counting the electricity. Still not very good.

If the price of storage will rise to 3x current cost, the cost advantage against let's say Google Drive or Dropbox diminishes. Then it will be almost solely about speed, apps developed on top of the storage and marketing.

I think Sia is worth $ 1. I would not say impossible, but it is a very remote possibility. If the price of bitcoin goes up a lot higher, then I think it might be.

This is soo hard, about 35billion market cap, but if it would be so last year - it very well could be.
I think SC will cost about $0.45 by my prediction..

 may be no, if bitcoin market not crash and stable for months Sia coin will worth about 0.5 $ or more in this year.

It's 0.023 cents. It needs to increase 40-50X to be a dollar. Very difficult in the market conditions.

That's what even I am also thinking because with the supply it has and it is very difficult to reach the 1$. In the coming days it will reach to 1$ but this year it is not possible to reach 1$.

I wouldn't even call it very difficult or unlikely. It is pretty much impossible in current long lasting trend. Realist price target should be around 0.05 to 0.1 and even its very unlikely in bear trend.

This is really a good coin for the future. And its growth to 1 dollar during the year is a real assumption, but most likely not achievable. So you can safely invest in it and expect a miracle.

I like your username , and speaking about your question yes it is possible but it will take lot of time maybe 1 year and siacoin is same like doge for me I trade it to increase my bitcoin reserve and not usd value , I would suggest invest in some other coin for usd increase sia isnt the perfect choice

I think that's very difficult this year to reach $1 with 32 Billion supply,but it will be possible in next 2-3 years to reach $1 with good coin like Siacoin

I think it's not possible. SC will rise to 1000 satoshi as network difficulty will become harder because of high count of ASIC, but 1$ may be real only if BTC fly really high.

I own some SC, so of course i would like to believe that 1$ is possible.
 But to be realistic, with this huge coin supply of 32 billion SC- i would be happy if the value of  SC would be even 0.2$

If the SC goes down to $ 1. Many people can make good money. I think that there will be many people who are waiting for Sia. Market volume is very low.

Siacoin is $ 1 means rising to the 4th place. It seems like mathematically possible but I think it will not be like that

SC is too cheap now but naking it to $1 seems impossible for me because that was quite high to reach. In any ATH of it i will go sell and hold only the for long holding. Many good coin like this has a good cycle and may come to end and dump in the coming bearish season of crypto's.

For this year? I think no, they have a lot of supply. Maybe it can take about 2-5 years to reach $1.

For me, it's impossible to hit $1 in near future. It will take 3-4 year more to hit more than $1. It's my expectation only But who can say what can happen? After all, this is crypto market and nothing is impossible here.

I think it might just happen but not for this year looking at the price of the current siacoin, I see a more potentially digibyte to go up to $ 1, it's my opinion

SC never will be $1. It's impossible because then distributed storage will be too expensive for clients. Not for miners and traders - they will be glad. But coin not for trade. It have own goal and mission. Not for $1 per SC

This is a utility token, used in system. For Sia devs there is no sense to grow because it will be expensive to use their system. To start work with system you need 2000 sia. If it will be a dollar, who will start work with system. Now there was asics created and it can be pumped,  or it was already pumped:)

I had high hopes for Siacoin when I bought this coin! But while he did not live up to my expectations! But I'm not upset! Siacoin lies in my purse, and waits for his time!

Thanks for your opinion i read why it was not grown successfully, in despite of that siacoin technology can be used and it may lower the costs if that will change in the future we can saw a $1 price.