SC coin keep dumping - :(

[currypto]

Some beautiful points here, think you should make a thread about the current competition and the current points stated about other coins.

I really can't wait for the coin to grow but the lower it drops the more investments im putting into it

Unfortunately I have nothing more to invest. I typically spread my Bitcoin among many alts, but because of the rise in Bitcoin, I figure the best bet is to put it into 1 alt that is strong temporarily - Sia.

If you send me some Sia I will do that write-up today and post it tonight. I will make sure to include citations. It will also give me a chance to dive deeper into Filecoin.

How does 3000 Sia sound (about $18 (https://coinmarketcap.com/currencies/siacoin/ price multiplied by 3000 ~= $18)) ?

Note: I will accept this from anyone else too. Hell...crowdfund the $18 :V

I will mention it was funded by you, heh. And hey, maybe we can +1 trust each other too (haven't had any chance to use this trust system on bitcointalk).

[elektibi75]

Any sign of Bitcoin rise going to stop any time soon?

I personally do not want to cash out my Sia. I truly believe in it, and will hold even if it ends up being worth nearly nothing.

At least I can turn my Sia into storage space...

I also love the project but there are so many competitors and even more of the coming. Filecoin, MaidSafe, Storj, etc. Honestly, I don't know which one will eventually survive.

I am going to have to write an article, because people seem worried about these "competitors".

Let me just do a quick summary, ok?

1. Filecoin does not exist and will not for 3 more frickin' years? Wow...have fun with that.
2. MaidSafe is trying to be too much at once. It is trying to do CPU sharing, storage sharing, and a few other things. The development is also ultra slow, and bogged down by office politics.
3. Storj is centralized, and basically dead. Filezilla integration was a last "hurrah". I looked at their code for that integration, it is not rocket science. All Sia needs is another Bounty  for this integration and bam, suddenly in-your-face to thousands of employees and students.

Who else we have?

4. Shift - not a direct competitor. Interesting is they use IPFS, so this will allow for temporary, fast storage, but not better safety than Sia. I can see this actually complementing Sia.

I think that's it.

And Sia? Well it has everything going for it.
1. Proven technology
2. Agile development team
3. Strong community with great people to explain how things work
4. Truly decentralized
5. Network security in the coming months with Obelisk
6. Integrate-able with MANY services. Imagine if you see an integration for GitHub? Facebook? Google Drive? Holy...See you later, I'll be on Cloud 9 while the rest of these day traders are on Poloniex sweating their money away.

Thank you for taking your time and giving such a detailed answer! Really appreciate it. Now Sia's future looks a lot brighter after you answered my questions

[-DarkByDesign-]

Some beautiful points here, think you should make a thread about the current competition and the current points stated about other coins.

I really can't wait for the coin to grow but the lower it drops the more investments im putting into it

Unfortunately I have nothing more to invest. I typically spread my Bitcoin among many alts, but because of the rise in Bitcoin, I figure the best bet is to put it into 1 alt that is strong temporarily - Sia.

If you send me some Sia I will do that write-up today and post it tonight. I will make sure to include citations. It will also give me a chance to dive deeper into Filecoin.

How does 3000 Sia sound (about $18 (https://coinmarketcap.com/currencies/siacoin/ price multiplied by 3000 ~= $18)) ?

Note: I will accept this from anyone else too. Hell...crowdfund the $18 :V

I will mention it was funded by you, heh. And hey, maybe we can +1 trust each other too (haven't had any chance to use this trust system on bitcointalk).

Haha, doing a write-up would benefit you if you are part of Sia and have Sia currently. - I'm not giving away free cash, You've already answered some questions that others had and thank you for that.

What I was thinking is if you post a detailed good post on here, may give some Investors something to consider and perhaps will help get Siacoin the right attention/publicity is deserves since Siacoin don't do much to publicize and make the coin more known-focused on.

[currypto]

Yes, I understand what you were thinking - that's usually the way these things go. "Im not giving away free cash", are you saying this because you don't believe in paying someone for putting their time into something? It isn't free if I'm working to earn it, haha.

Anyway, I will do it regardless solely because there are tons of these types of threads, and a simple link will help rid of them while spreading some good news.

No worries

[jmigdlc99]

I am going to have to write an article, because people seem worried about these "competitors".

Let me just do a quick summary, ok?

1. Filecoin does not exist and will not for 3 more frickin' years? Wow...have fun with that.
2. MaidSafe is trying to be too much at once. It is trying to do CPU sharing, storage sharing, and a few other things. The development is also ultra slow, and bogged down by office politics.
3. Storj is centralized, and basically dead. Filezilla integration was a last "hurrah". I looked at their code for that integration, it is not rocket science. All Sia needs is another Bounty  for this integration and bam, suddenly in-your-face to thousands of employees and students.

Who else we have?

4. Shift - not a direct competitor. Interesting is they use IPFS, so this will allow for temporary, fast storage, but not better safety than Sia. I can see this actually complementing Sia.

I think that's it.

And Sia? Well it has everything going for it.
1. Proven technology
2. Agile development team
3. Strong community with great people to explain how things work
4. Truly decentralized
5. Network security in the coming months with Obelisk
6. Integrate-able with MANY services. Imagine if you see an integration for GitHub? Facebook? Google Drive? Holy...See you later, I'll be on Cloud 9 while the rest of these day traders are on Poloniex sweating their money away.

Exactly.

Nice points you got there sir. Sia has really got it all when you come to think of it. Also, if its any consolation, I believe some of the team are from Harvard as well. Now all they need is time.

Anyway, looking forward to your article. Congrats in advance to us sia hodlers!

[traderethereum]

by the way, i still hold sia and i don't know why, somehow my feeling telling me to hold sia as long as i can. i don't know about their project and i am not yet read about their project too. i only following my feeling and now the price is still in bottom so i can think i can make buy again to increase my sia amount. i hope the project is success and sia price will be increase too like the other coins.

[shirazteam110]

Just Hold Now time to start pumping just chilled and Keep Buy NOW !!

[nairb131]

Do you know any reasons why SC price keep going down? Is it good for long-term investment? I like this project but about SC coin, I feel doubting about its future

I bought SC at 12 sats on poloniex and sold at 400 sats, the fall on the SC price have a lot to do with the current btc price, the drop affects a lot of altcoin and not only SC even Doge have lost some value greatly.

This might be corrected once btc price become stable.

[-DarkByDesign-]

Ohh got to love the jump from 150 Siacoin Satoshies to 220 Siacoin Satoshies!

That jump went from - to profit in no time. With the Rise of Bitcoin the overall price is staying stable of investment anyway.

I can't wait till Siacoin goes back and goes over 1000 Satohies and hopefully by that time, BTC will be worth 6000USD+. Meaning almost 500-800% Profit from investment for me ! ^_^ Happy days


HODL! HOLD HODL! All the way, I think May 2018 is going to be a right good year>

[elektibi75]

Don't you guys think enormous supply of SC will badlu effect its possible growth? I love everything about this coin, especially after having read this thread, but supply is really really huge...

[lokinator]

Don't you guys think enormous supply of SC will badlu effect its possible growth? I love everything about this coin, especially after having read this thread, but supply is really really huge...

Don't start bringing logic into this discussion. The SC groupies don't want to hear it. ASICS are coming out soon and SC already has 60 bajillion-famillion-tragizillion coins. These coins can't possibly increase in value much or the market cap would skyrocket. The only way you're going to make good profit on this coin is if you hold 6 million or so coins. 

[Altcoinster]

Never sell with a loss. When bitcoin is going to correct, the altcoins are going to pump hard.

[shintosai]

Do you know any reasons why SC price keep going down? Is it good for long-term investment? I like this project but about SC coin, I feel doubting about its future

I bought SC at 12 sats on poloniex and sold at 400 sats, the fall on the SC price have a lot to do with the current btc price, the drop affects a lot of altcoin and not only SC even Doge have lost some value greatly.

This might be corrected once btc price become stable.

well who thinks that the value will jumped to that high but we witness it before and for sure it will repeat itself just better to keep holding
and try to buy more when you see more dip and just wait till the price pumped up again.

[-DarkByDesign-]

Don't you guys think enormous supply of SC will badlu effect its possible growth? I love everything about this coin, especially after having read this thread, but supply is really really huge...

I agree, but the same was with XRP and other coins.

I feel the whole thing is going to be more on the development of the coin and there-for will be good investment and attract a lot of attention.

People are mining for a reason they know that this will grow and it doesn't always depend on the Marketcap and supply.

[ifyousmell]

x 16 since march 2017 in BTC
=
x 30 in fiat in only 4 month

Is this not enough for the moment ... ?

agree, sia coin is one of the coins that perform really good since 2017, the correction may happen, but should be a good long-term investment choice.

[shirazteam110]

x 16 since march 2017 in BTC
=
x 30 in fiat in only 4 month

Is this not enough for the moment ... ?

agree, sia coin is one of the coins that perform really good since 2017, the correction may happen, but should be a good long-term investment choice.

If bitcoin stay at 4200 or 4000 $ then might be SC will start pump up soon but the problem is Bitcoin still rising and rising so most altcoin effect due to bitcoin .. let wait sometime might be some good news after August or last week of the week 

[rebal15]

I am going to have to write an article, because people seem worried about these "competitors".

Let me just do a quick summary, ok?

1. Filecoin does not exist and will not for 3 more frickin' years? Wow...have fun with that.
2. MaidSafe is trying to be too much at once. It is trying to do CPU sharing, storage sharing, and a few other things. The development is also ultra slow, and bogged down by office politics.
3. Storj is centralized, and basically dead. Filezilla integration was a last "hurrah". I looked at their code for that integration, it is not rocket science. All Sia needs is another Bounty  for this integration and bam, suddenly in-your-face to thousands of employees and students.

Who else we have?

4. Shift - not a direct competitor. Interesting is they use IPFS, so this will allow for temporary, fast storage, but not better safety than Sia. I can see this actually complementing Sia.

I think that's it.

And Sia? Well it has everything going for it.
1. Proven technology
2. Agile development team
3. Strong community with great people to explain how things work
4. Truly decentralized
5. Network security in the coming months with Obelisk
6. Integrate-able with MANY services. Imagine if you see an integration for GitHub? Facebook? Google Drive? Holy...See you later, I'll be on Cloud 9 while the rest of these day traders are on Poloniex sweating their money away.

Exactly.

Nice points you got there sir. Sia has really got it all when you come to think of it. Also, if its any consolation, I believe some of the team are from Harvard as well. Now all they need is time.

Anyway, looking forward to your article. Congrats in advance to us sia hodlers!

never invest in coin with big supply.

[currypto]

I thought about the supply "issue" all week. Here is what I think:

1. SC has to be of certain value, otherwise the Sia developers and Siafund holders make no money.
2. SC value rises -> more coins are produced -> but people never mention that coins CAN BE BURNED -> so price either stablizes or increases. No worry about perpetual price decrease.

Burning coins doesn't make sense with Bitcoin, because there is a finite supply.
It only makes sense to burn coins where there is an infinite supply; death and birth of new coin. This consequently doesn't affect value.

Lets think of it this way:

1 coin in -> 1 coin out

1 coin = $5

In theory, there actually IS a supply limit.

There are many possible ways of "correction" or "balance":

5 coin in -> 2 coin out
5 coin in -> 8 coin out


Total coins in/created/mined: 10
Total coins out/burned/destroyed: 10
Total increase/decrease in supply: 0

Boom.

So what is the supply in this case? It would be 10, since we've reached a maximum creation. Now obviously in reality it will be WAY higher than that, but you get the idea.

[prabakharras]

Sia just went up way too fast https://www.coingecko.com/en/price_charts/siacoin/btc
so it is usual for it to have to fall as well. Frenzy moment now, when the dust settle, this will look promising again

[ifyousmell]

it also worries me, is there any positive or exciting things that are comming for sia project? sia have a decent volume in polo and bittrex back in April and May, but not now