Hey guys. Wrapped up Token Summit today.
Met the Sia team and know them all pretty well at this point.
Here's my advice.
1. Have goals to guide your investing decisions if you're using tokens as a way to make money. This will not only guide which projects you put your money behind, but even more crucially helps you decide when to sell. It's easier for most people to buy at a dip then to sell at the top. Having goals that directly tie to a specific action limits the likelihood that greed gets the better of you.
2. That said, Sia got a good amount of attention. There was an entire panel and session related to blockchain storage. Blockstacks, Filecoin (IPFS), Storj, and Siacoin all had their founders on the panel.
3. Siacoin is considered a project that exists in reality, like Bitshares, Ripple, and a few others. This unlike the majority of projects that are still more conceptual than anything. Given such a high profile summit of very important people, from all over the world, are giving this kind of platform to Sia convinces me that it still has a lot of room for growth. Hedge fund guys I talked to are bullish on it. Realistic valuation in the future could see Sia hitting a price of $0.50. I think Siacoin is still very cheap and I will actually scale out of many other altcoin investments to put even more down on Sia. Keep in mind that although we would love to see Sia succeed as a project, that isn't a requirement for making money from its tokens.
I got a free Sia t-shirt from the founder
Also, for those of you having issues with withdrawing Sia from Poloniex, it's actually an issue that is in Sia's court to resolve. They made a mistake in fee estimation for Poloniex. I assumed it was a Poloniex error but that's not the case.
Either way, I'm even more bullish on Sia after the conference, which I didn't think was possible. Hold onto it until it hits a price you're happy with for taking out profits would be my advice. PM me if you have any questions about Sia or other altcoins.
Happy trading!