[SC] SiaCoin Topic

[-DarkByDesign-]

Hi all,

Just wondered, I haven't seen a lot of speculations or thoughts on SiaCoin?

The coin grew to 0.0000800 at its peak, then went to an all time low in 8 months (0.0000287) because their platform went onto ASIC and the new of the ASIC miners being released next year.

What are your thoughts on this coin, it's future from news and the transparent developers progress is really good. Do you think this coin will reach $1 by 2019?

I have 200,000 SiaCoins at the moment and Holding for Long-Term Future? What do you think?  

[lokinator]

I would not expect Siacoin to reach $1 in 2019. I think it's a good idea to hold them, but I wouldn't expect them to exceed $0.50 any time in the near future...

[lukey]

This crypto will stay, It's a real product.  Dev's are active on slack.

Price wise imo i don't know cause this is crpyto and anything can happen 

Maybe will pass 1000 sats by the end of year.

[-DarkByDesign-]

I would not expect Siacoin to reach $1 in 2019. I think it's a good idea to hold them, but I wouldn't expect them to exceed $0.50 any time in the near future...

Any reason why you feel this way? Their platform offers a lot, storage facilities, new ASIC miners being released. All this is Cloud and Big Data Storage related.

Big Data technologies are successors of websites like Facebook, Yahoo and many other big companies, which now use Big Data as a huge form for gathering and creating new business
approach's and models for multi-billion dollar companies.

I feel when a lot of these companies start supporting the idea and the platform of using a much reduced cost and storage platform then  this would sky-rocket.

[BluRPie]

Circulating Supply 28 billions. Are you crazy? Do you really think that market capitalisation of SiaCoin will be around 30 billions dollars?

[lokinator]

I would not expect Siacoin to reach $1 in 2019. I think it's a good idea to hold them, but I wouldn't expect them to exceed $0.50 any time in the near future...

Any reason why you feel this way? Their platform offers a lot, storage facilities, new ASIC miners being released. All this is Cloud and Big Data Storage related.

Big Data technologies are successors of websites like Facebook, Yahoo and many other big companies, which now use Big Data as a huge form for gathering and creating new business
approach's and models for multi-billion dollar companies.

I feel when a lot of these companies start supporting the idea and the platform of using a much reduced cost and storage platform then  this would sky-rocket.

There is no doubt it is a good platform and has a great team supporting it.

The main reason is the circulating supply... 28 billion and counting. There is simply too many coins available and currently being mined for the value to increase to $1 within 2019.

[-DarkByDesign-]

I would not expect Siacoin to reach $1 in 2019. I think it's a good idea to hold them, but I wouldn't expect them to exceed $0.50 any time in the near future...

Any reason why you feel this way? Their platform offers a lot, storage facilities, new ASIC miners being released. All this is Cloud and Big Data Storage related.

Big Data technologies are successors of websites like Facebook, Yahoo and many other big companies, which now use Big Data as a huge form for gathering and creating new business
approach's and models for multi-billion dollar companies.

I feel when a lot of these companies start supporting the idea and the platform of using a much reduced cost and storage platform then  this would sky-rocket.

There is no doubt it is a good platform and has a great team supporting it.

The main reason is the circulating supply... 28 billion and counting. There is simply too many coins available and currently being mined for the value to increase to $1 within 2019.

Ohh I see what you mean, thanks. I'm still learning and trying to understand what information is actually useful and what is a load of BS.

So the circulating supply, how would you calculate it or understand it better for a newbie?

Is there a decent topic on: How to invest, like understanding Circulating amounts (Years) value and how it all works? I usually invest by reading news about what Platform what future development and developers of the coin and also some comments on here I find useful from reputable members.

[lokinator]

I would not expect Siacoin to reach $1 in 2019. I think it's a good idea to hold them, but I wouldn't expect them to exceed $0.50 any time in the near future...

Any reason why you feel this way? Their platform offers a lot, storage facilities, new ASIC miners being released. All this is Cloud and Big Data Storage related.

Big Data technologies are successors of websites like Facebook, Yahoo and many other big companies, which now use Big Data as a huge form for gathering and creating new business
approach's and models for multi-billion dollar companies.

I feel when a lot of these companies start supporting the idea and the platform of using a much reduced cost and storage platform then  this would sky-rocket.

There is no doubt it is a good platform and has a great team supporting it.

The main reason is the circulating supply... 28 billion and counting. There is simply too many coins available and currently being mined for the value to increase to $1 within 2019.

Ohh I see what you mean, thanks. I'm still learning and trying to understand what information is actually useful and what is a load of BS.

So the circulating supply, how would you calculate it or understand it better for a newbie?

Is there a decent topic on: How to invest, like understanding Circulating amounts (Years) value and how it all works? I usually invest by reading news about what Platform what future development and developers of the coin and also some comments on here I find useful from reputable members.

I like to follow coin market caps on www.coinmarketcap.com. Coins are ranked by market cap. You can also see current price, circulating supply, volume, etc.

Essentially when making long term value guesses/assumptions you always need to take circulating supply and total market cap into consideration. If your suspected future value (in this case $1) multiplied by the circulating supply ($1 x 28 billion = $28 billion market cap) exceeds the market cap of superior or much more widely held/praised coins (in this example, $28 billion surpasses everything except btc), it is highly unlikely that your guess or assumption is even remotely possible.

Hope that helps you a bit with your decisions ...

[Chiraag001]

So let me give you guys another way of looking at something.

The cloud storage market size is estimated to grow from USD 23.76 Billion in 2016 to USD 74.94 Billion by 2021, at a CAGR of 25.8 % from 2016 to 2021.
Cloud market cap to pass $500 billion by 2020.


Ok - so let us say Sia cloud services are the best and cheaper than competitors.
What percentage of the market can they aquire and pull from these giants.
If they can acquire 0.5% of the market then they would acquire a 2.5 bill market cap.
If its 1% then thats 5 billion.
If its 5% then that 25 billion.
And so on.


I am not invested in Siacoin but the future could be absolutely friggin huge if you believe they can tap into the revenues of these giants.
What are your guys thoughts?

[lokinator]

So let me give you guys another way of looking at something.

The cloud storage market size is estimated to grow from USD 23.76 Billion in 2016 to USD 74.94 Billion by 2021, at a CAGR of 25.8 % from 2016 to 2021.
Cloud market cap to pass $500 billion by 2020.


Ok - so let us say Sia cloud services are the best and cheaper than competitors.
What percentage of the market can they aquire and pull from these giants.
If they can acquire 0.5% of the market then they would acquire a 2.5 bill market cap.
If its 1% then thats 5 billion.
If its 5% then that 25 billion.
And so on.


I am not invested in Siacoin but the future could be absolutely friggin huge if you believe they can tap into the revenues of these giants.
What are your guys thoughts?

That is a valid point and the reason, I believe, that Siacoin has such a large following...

I hope that Siacoin will be huge as I am holding a moderate supply of it.

But I just don't see it holding a significant value on a per coin basis (such as $1). Even $0.25-0.50 would be "friggin huge" for a coin that will have a circulating supply of well over 30 billion in the near future.

[PgTower]

Statement: I think having specialized mining/hosting hardware for Siacoin is a great idea.
Explanation: People new to blockchain technologies will have more confidence in storing their data with specialized hardware instead of a large and general population of miners like other coin.

Just imagine all the uninformed people writing blogs and articles in the future with titles like, "Anyone can make money mining other people's cloud storage." I know this seems far but anything Siacoin can do to stress security will be very helpful as large groups of people start adopting the Blockchain.

I have high hopes for Siacoin in the future. Looking forward to seeing it's growth.

[-DarkByDesign-]

So let me give you guys another way of looking at something.

The cloud storage market size is estimated to grow from USD 23.76 Billion in 2016 to USD 74.94 Billion by 2021, at a CAGR of 25.8 % from 2016 to 2021.
Cloud market cap to pass $500 billion by 2020.


Ok - so let us say Sia cloud services are the best and cheaper than competitors.
What percentage of the market can they aquire and pull from these giants.
If they can acquire 0.5% of the market then they would acquire a 2.5 bill market cap.
If its 1% then thats 5 billion.
If its 5% then that 25 billion.
And so on.


I am not invested in Siacoin but the future could be absolutely friggin huge if you believe they can tap into the revenues of these giants.
What are your guys thoughts?

Very interesting, but very possible. - I feel and hope this is the future, I just see SiaCoin are taking the reigns in the department of Cloud Storage, like any other company which adopts the future technologies always comes out on top. Will have to just wait and see but either way I can only see this coin moving up. Even if its a small fraction os 0.25cent. That's still a heavy profit from investment.

[lokinator]

So let me give you guys another way of looking at something.

The cloud storage market size is estimated to grow from USD 23.76 Billion in 2016 to USD 74.94 Billion by 2021, at a CAGR of 25.8 % from 2016 to 2021.
Cloud market cap to pass $500 billion by 2020.


Ok - so let us say Sia cloud services are the best and cheaper than competitors.
What percentage of the market can they aquire and pull from these giants.
If they can acquire 0.5% of the market then they would acquire a 2.5 bill market cap.
If its 1% then thats 5 billion.
If its 5% then that 25 billion.
And so on.


I am not invested in Siacoin but the future could be absolutely friggin huge if you believe they can tap into the revenues of these giants.
What are your guys thoughts?

Very interesting, but very possible. - I feel and hope this is the future, I just see SiaCoin are taking the reigns in the department of Cloud Storage, like any other company which adopts the future technologies always comes out on top. Will have to just wait and see but either way I can only see this coin moving up. Even if its a small fraction os 0.25cent. That's still a heavy profit from investment.

I believe this is a great coin to hold. Just have reasonable expectations... $0.25 is entirely possible in the long term (6-12 months) imo. But only if people start using it as a service instead of simply an altcoin.

[Veseloff]

Undoubtedly the future of the cloud services, even in our time it is becoming increasingly popular! A decentralized cloud storage, this is something that people and companies do not have at the moment. Therefore, the growth prospects for this coin are also large, and technology will sooner or later be applied in the real world!

[unusualfacts30]

Hi all,

Just wondered, I haven't seen a lot of speculations or thoughts on SiaCoin?

The coin grew to 0.0000800 at its peak, then went to an all time low in 8 months (0.0000287) because their platform went onto ASIC and the new of the ASIC miners being released next year.

What are your thoughts on this coin, it's future from news and the transparent developers progress is really good. Do you think this coin will reach $1 by 2019?

I have 200,000 SiaCoins at the moment and Holding for Long-Term Future? What do you think?  

my personal opinion on SiaCoin is hold and forget for few years to see where it lands. I don't see it'll reach $1 anytime in 2019 as so many other alts offer similar services but it's a good one to hold for long term and offcourse I could be wrong and it might reach $1 although it may seem impossible as of now.

[aziernest]

for sia to be $1, bitcoin has to be $100,000 and crypto has to be adopted for their real life usages, instead of buy, hold, sell, take profit etc :-)

[longminh123]

for sia to be $1, bitcoin has to be $100,000 and crypto has to be adopted for their real life usages, instead of buy, hold, sell, take profit etc :-)

I accept the price of a siacoin is cheap. But is it sufficiently attractive to investors by price? I think the answer is no. Instead of introducing prices, you should introduce them to the technology and the altcoin staff. That will be attractive to many people and will make your altcoin grow. Hope you will agree with my opinion.

[Caesar-Giulius]

I am a holder of Siacoin too, but I don’t think the price will go to $1 by 2019 unless something major happen. My personal prediction is $0.20 to $0.30 by 2019.

[yonnymen]

I bought into SIA a long time ago, one of my best gainers.

[Skyizz]

The future of cloud services is becoming more popular and in demand. Decentralized cloud storage is something that ordinary people now lack. Therefore, the growth prospects of this coin are also great, and sooner or later technologies will be applied everywhere. But the price of $ 1 for Sia, it's too much.