Roozy
Newbie
 Offline
Activity: 43
Merit: 0
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September 03, 2015, 04:40:54 AM |
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Good. More SIA for me!
I actually happen to think this is a great investment... it's just that it isn't going to explode overnight. This is going to take some time but it will be well worth it.
The price of SIA is intrinsically tied to the price of storage/bandwidth and decentralization of data... What people are willing to pay for those is what the price of SIA will end up being.
This project has amazing potential and I for one believe it's going to be the next big thing.
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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powersup
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September 03, 2015, 05:59:31 AM |
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Don't stress too much about the price. I think current trading reflects that of a relativity small group aware of the project. Personally I glanced over the OP back in May and thought of it as a game changer, but admittedly I was skeptical at the time. Sia only recently popped back on my radar after being mentioned on another site I visit frequently. Ive now jumped on board after seeing the great progress made. It's only a mater of time before other traders and investors become aware and see the potential in this project.
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chrysophylax
Legendary
Offline
Activity: 2814
Merit: 1091
--- ChainWorks Industries ---
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September 03, 2015, 06:19:47 AM |
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Why is the price being hit so hard  People are running away from Sia like it's a toxic investment, I just don't get it. dumpers taek - dumpers ... dont worry - its not all that its cranked up to be with 'price' ... the value of sia is in the project - and the project is all about you and the team ... keep at it mate - there will be accolades coin time later ... #crysx |
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tricass
Sr. Member
Offline
Activity: 394
Merit: 250
Crypto enthusiast
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September 03, 2015, 08:02:35 AM |
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Why is the price being hit so hard People are running away from Sia like it's a toxic investment, I just don't get it. dumpers taek - dumpers ... dont worry - its not all that its cranked up to be with 'price' ... the value of sia is in the project - and the project is all about you and the team ... keep at it mate - there will be accolades coin time later ... #crysx good chance for those who are finding it hard to mine sia to pickup some and at cheaper prices. i'm finding it difficult to mine so i'm forced to buy. the one block i supposedly found is no longer showing up as mined. the other thing that is also impacting price is the inflation model. looks like about 280k sia per block so even at 10 sat that's around 4 btc per day that needs to be spent. it's held up but you'll need more buyers and that will come with time as word spreads. agree with the others that you should focus on the project and leave the market to price sia accordingly. |
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ol92
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September 03, 2015, 08:40:07 AM |
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Why is the price being hit so hard People are running away from Sia like it's a toxic investment, I just don't get it. On the one hand, even good coins have highs and lows, pump and dump periods. On the other hand, the unit of acount is on the low side (like coins such as mintcoin for instance : when you have total number of coins in few years more than the 10 billion range) : when the price is low it can go down to the 10 sat range. In this situation you have 10% difference at least between bid and ask for most exchage where the smallest unit of price is a satoshi, which is not healthy (for mintcoin there was some days when price was 1 satoshi : traders can manipulate the price and have huge profits : 100% difference between bid and ask!). To my opinion, before sia became highly used and popular (therefore with a high price), it would be better to have exchange price in kilo sia instead of sia : with current price it would be around 10000 sat for a ksia : you will have a minimum difference of 1/10000 between bid and ask instead of 1/10! |
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Israel_EXventureCAP
Newbie
Offline
Activity: 1
Merit: 0
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September 03, 2015, 09:42:05 AM
Last edit: September 03, 2015, 10:01:43 AM by Israel_EXventureCAP |
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Definitely this will be the invest of the year. Feel sorry for those miners who are dumping gold for two bucks. SIA will easily rise to +1M $ market cap in the next two-three months ONLY with rumors and speculation. If Taek keeps working hard (we all expect so), we could see SIA at +10M $ cap or more in just a year. It's not an investor irrational dream, these are facts. If SIA works like it has to be, we all will get filthy rich. Please Taek keep going with your good work and don't worry about the price. Smart investors are behind this and we are just accumulating at a minimum cost (thanks to some miners, of course). For those afraid investors: Look at mkt cap: 100K $.  Do you really think that this is the real value of SIA? What a joke! 1+M $ mkt cap in 2-3 months. Mark my words please.  |
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mishax1
Legendary
Offline
Activity: 2898
Merit: 1017
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September 03, 2015, 10:27:57 AM |
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Definitely this will be the invest of the year. Feel sorry for those miners who are dumping gold for two bucks. SIA will easily rise to +1M $ market cap in the next two-three months ONLY with rumors and speculation. If Taek keeps working hard (we all expect so), we could see SIA at +10M $ cap or more in just a year. It's not an investor irrational dream, these are facts. If SIA works like it has to be, we all will get filthy rich. Please Taek keep going with your good work and don't worry about the price. Smart investors are behind this and we are just accumulating at a minimum cost (thanks to some miners, of course). For those afraid investors: Look at mkt cap: 100K $. Do you really think that this is the real value of SIA? What a joke! 1+M $ mkt cap in 2-3 months. Mark my words please. You forgot to calculate the 250million sia mined per week.. |
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souljah1h
Legendary
Offline
Activity: 1092
Merit: 1000
Hyperspace snail
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September 03, 2015, 10:34:22 AM |
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GUI Client not working here. Comes up as a flash and poof its gone.
Tried these 3
Sia-UI-v0.3.3-beta-win32.zip
Sia-UI-v0.3.3-beta-win64-CPU.zip
Sia-UI-v0.3.3-beta-win64.zip
All the same..
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_@/'
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nextgencoin
Legendary
Offline
Activity: 1106
Merit: 1000
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September 03, 2015, 10:48:51 AM |
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Definitely this will be the invest of the year. Feel sorry for those miners who are dumping gold for two bucks. SIA will easily rise to +1M $ market cap in the next two-three months ONLY with rumors and speculation. If Taek keeps working hard (we all expect so), we could see SIA at +10M $ cap or more in just a year. It's not an investor irrational dream, these are facts. If SIA works like it has to be, we all will get filthy rich. Please Taek keep going with your good work and don't worry about the price. Smart investors are behind this and we are just accumulating at a minimum cost (thanks to some miners, of course). For those afraid investors: Look at mkt cap: 100K $. Do you really think that this is the real value of SIA? What a joke! 1+M $ mkt cap in 2-3 months. Mark my words please. You forgot to calculate the 250million sia mined per week.. Marketcap is Marketcap....doesn't matter if there is a bazillion coins, the total value is around $100,000 i.e. silly cheap. |
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bitcoinrocks
Legendary
Offline
Activity: 1372
Merit: 1000
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September 03, 2015, 11:13:46 AM |
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How quickly will SC be emitted? I've read total supply will be over 14,000,000,000 in less than a year and is only ~4,000,000,000 now.
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nextgencoin
Legendary
Offline
Activity: 1106
Merit: 1000
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September 03, 2015, 12:07:25 PM |
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Why is the price being hit so hard People are running away from Sia like it's a toxic investment, I just don't get it. its two things. Some think Storj has already done this so it can look just like a copier, the fact that in may way SIA is first to market needs to be emphasized. But I think the major one is lack of clarity to what the total coins will be. I'm hearing 4 billion and then a continual 30,000 added. But tohers are quoting larger numbers. |
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TruthBear
Member
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Activity: 100
Merit: 10
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September 03, 2015, 12:08:44 PM |
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How quickly will SC be emitted? I've read total supply will be over 14,000,000,000 in less than a year and is only ~4,000,000,000 now.
That was a rookie error by the dev if is this is true. I'm not sure why the dev is puzzled by the price when the emissions are so high, so early on. |
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souljah1h
Legendary
Offline
Activity: 1092
Merit: 1000
Hyperspace snail
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September 03, 2015, 12:14:07 PM |
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Maybe Taek can shine some light on this
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_@/'
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liondani
Member
Offline
Activity: 97
Merit: 10
Inch by Inch,Play by Play
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September 03, 2015, 12:34:10 PM |
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Sia only recently popped back on my radar after being mentioned on another site I visit frequently.
Which was?... (just curious  ) |
Inch by Inch, Play by Play
Bitrated user: liondani.
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liondani
Member
Offline
Activity: 97
Merit: 10
Inch by Inch,Play by Play
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September 03, 2015, 12:37:04 PM |
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Why is the price being hit so hard People are running away from Sia like it's a toxic investment, I just don't get it. maybe miners that sell as soon as they get the coins (not really supporters) |
Inch by Inch, Play by Play
Bitrated user: liondani.
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Taek (OP)
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September 03, 2015, 12:45:10 PM |
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But I think the major one is lack of clarity to what the total coins will be. I'm hearing 4 billion and then a continual 30,000 added. But tohers are quoting larger numbers.
I wrote a script to tell you how many coins there will be at block height X, and then give a rough approximation of what date that will happen. http://play.golang.org/p/h_UftCe8-3It would be nice if someone could turn this into a graph That was a rookie error by the dev if is this is true. I'm not sure why the dev is puzzled by the price when the emissions are so high, so early on.
Perhaps so. Right now there are 4.7 billion coins. Exactly 1 year from now, my script estimates that there will be 19.6 billion coins. And 2 years from now, 31.0 billion coins. The inflation curve is much less than Bitcoin's inflation curve for the first year. But at the same time, the first year of bitcoin's were worth almost exactly nothing and were owned by 1 or 2 people total. To keep the price steady, Sia needs to grow by 4x over the next year. That seems virtually inevitable to me. This week alone Sia grew by about 15%. (despite the price crash) I'm guessing the supply of coins will also drop fairly substantially one a mining pool is out. There are a lot more people who will be happy to mine on their home rigs and that will push margins down for the giant farm miners, which will send many of them to other coins. People mining on home rigs are less likely to dump. |
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bitcoinrocks
Legendary
Offline
Activity: 1372
Merit: 1000
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September 03, 2015, 01:11:48 PM |
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To keep the price steady, Sia needs to grow by 4x over the next year.
Your goal is to prevent the price from rising? |
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Taek (OP)
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September 03, 2015, 01:18:02 PM |
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To keep the price steady, Sia needs to grow by 4x over the next year.
Your goal is to prevent the price from rising? prevent it from dropping lol. If we grow by more than 4x over the next year, the price should increase substantially. I believe that we will easily grow by more than 4x over the next year. |
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bitcoinrocks
Legendary
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Activity: 1372
Merit: 1000
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September 03, 2015, 02:16:20 PM
Last edit: September 03, 2015, 03:43:10 PM by bitcoinrocks |
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If we grow by more than 4x over the next year, the price should increase substantially.
It looks like the number of coins will increase 4x over the next year so there will need to be 4x the holders just to keep the price from dropping. |
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Tobo
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September 03, 2015, 03:22:32 PM |
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Why is the price being hit so hard People are running away from Sia like it's a toxic investment, I just don't get it. The price was about 10 sats before Polo added Sia. It is not really a hard dump. It is just not raising up as we expected with the new exchange and new client and a planed marketing campaign which is on hold now and has not started yet. I think it might have something to do with the new 0.4.0 client which did not meet the expectation. With a better client (UI client as well) and a marketing campaign, we should get some new users and see better price. |
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