Siacoin long?

[PoorLad]

Got some siacoins and thinking of ditching it...

Realisticly, what can we expect from Siacoin in a year or two?

To be honest I dont see a coin like this go high. It is a coin I bought after Googling for long investments as a total newbie. So ditch or stick? It is 15k coins(They are dirt cheap)

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[CryptoBagHolder]

I'm still holding SIA!!  I think they're a good coin for long term holding!!!

[PoorLad]

I'm still holding SIA!!  I think they're a good coin for long term holding!!!

But why? I imagine the founders want to have the coin price as low as possible. I skimmed trough this page and you get storage based on amount of SC. Having a high price mean they cost more than competators.

https://blog.sia.tech/getting-started-with-private-decentralized-cloud-storage-c9565dc8c854


If anyone got any good points to what might increase the value Id like to know Is there a hard cap on amount of coins? Or can they just dump in alot of coins if needed?

[Metros]

I'm still holding SIA!!  I think they're a good coin for long term holding!!!

But why? I imagine the founders want to have the coin price as low as possible. I skimmed trough this page and you get storage based on amount of SC. Having a high price mean they cost more than competators.

https://blog.sia.tech/getting-started-with-private-decentralized-cloud-storage-c9565dc8c854


If anyone got any good points to what might increase the value Id like to know Is there a hard cap on amount of coins? Or can they just dump in alot of coins if needed?

That's interesting, wonder if some one that is more in this coin got better insights..

[Cryptotrader1]

The value of the coin does not play a role in the cost of service guys. If the coin is worth $10 you would send a fraction of it to cover x amount of cloud storage, so that has no effect on the coin price. Make sense?

[lakimens]

I don't think it'll grow. I've thought about it and I too think it's better for the coin if the price stays low.

[jmigdlc99]

Newbie accounts spreading FUD about siacon.. Probably from siacoin competitors.

Anyway, siacoin is a great coin to hold right now. Contrary to what the FUDders have been saying, no devs would want the value of their coin to go down. Having a high siacoin price would mean the amount of siacoin needed to transact/pay-for-storage would be less.

Siacoin is down right now because of the surge in bitcoin price, as all other altcoins are. It will surely go up once bitcoin price stabilizes.

Siacoin has the potential to bring you exponential returns because its value is down at the moment. The devs of siacoin are active and constantly developing the coin, check out their blog at sia.tech. Its up to you if you want to pass this opportunity up. Good luck.

Siacoin is a great investment in 2017.

[lakimens]

I'm not spreading FUD, SC's price has been 300-400 SAT, except for the pump.

[kelnel]

SIA is one of the best coins out there. If you ditch them now you will regret it hard in 2 years. The road map is solid, the code is beautiful, the devs are working hard.

It will outperform many other coins out there.

[Coin Curse]

Was wondering this too but figured hold. Seems a lot of altcoins have been pumped and Sia has been largely ignored for some reason.

[currypto]

As others have said, the price of SC does not affect the price of storage. Hosts will adjust their SC prices in accordance with their value.

Sia is going to give me and others like me an early retirement. Can't wait to see a huge company like Amazon or Google make use of Sia. Then kaboom, see you on Mars.

Honestly though the technology is great, I could talk about it all day. In fact, if you sign up to be the first member of my service, you can read about it *nudge nudge*

[solarrobot]

Was wondering this too but figured hold. Seems a lot of altcoins have been pumped and Sia has been largely ignored for some reason.

SIA has a practically non existing promotional budget (or they haven't been promoting). I think it's a small team, but they have really proven themselves, and are building a really strong base. As a service, i guess we will see what is most effecient, but it is the most decentralized distributed storage model out there and it's fully operational.

Right now they are building up API's and creating more usability by enterprise applications (like amazon server storage). Next feature on the stack if i'm not mistaken is shared storage (drop box, google drive) but might be more along the lines of shared downloads at the moment.

The cost of storage is bid on by the "farmers", the nodes providing storage space, they try to outbid other farmers by reducing their fees and proving their reliability. The price of SIA doesn't depend directly on cost of storage. However the network-wide total used storage as well as the Capacity/used ratio does affect price as the SIACOIN token is integrated into the contracts between the farmers and the renters. SIACOIN gets locked up in agreements for months! As the network gains users, the price will go up drastically, because not only does it take sia to rent storage, it takes sia to farm storage. Farmers must place collateral in contracts in order to assure renters financially that they won't break their contract (supply a service of cloud storage). This promotes healthy nodes, as a network creating a working service.  The farmers recieve their own collateral + the renters Fees at the end of the contract.

Essentially each node will have large chunks of SIA locked up much like a masternode, but proportional to the amount of disk space they provide.  It might be a some months down the road, but SIA is on course to boom in my book. I think i just convinced my self to buy more (yikes).

[White sugar]

I don't know Siacoin, but good luck with your investment

[AgatioX]

After some dev from Microsoft moved to Siacoin I became much more confident in Siacoin's bright future.
I think this coin worth holding for midterm.

[JessyMatt]

I had some siacoin and ditched all of them. They will NEVER grow because they MUST keep the price of the coin low so storage fees can stay low. If the price of Siacoin gets high, it defeats the purpose of the service. My 2cents

[berrygood]

That fud about price is totally wrong, and I believe Sia coin is the one of the bests for long term investment. I have no sia coin but I really want their company to succeed in the data storing & cloud industry.

[nicster551]

I holding some siacoin because I believe siacoin is one of the best investment they offers a cloud storage that enables us to secure our data at the very affordable price even the price not growing up fast I think they have a greater plan at the future

[FelixTheHat]

Anything could happen. However, just reading the misinformation and FUD in this thread by Siacoin holders makes me want to buy more. It tells me that even people who have looked into the coin and "thought it over" still don't get it.

For one, there is no relationship at all between the coin price and the cost of storage on SIA. This is noted prominently for anyone who has bothered to read the details.

The team strikes me as serious and competent people with good intentions. I like that. Whether they will achieve what they have set out to do is anybody's guess. The SIA software is not exactly easy to use at this point. I can't even install it without errors. That's a black mark. And whether Amazon will run a steamroller over SIA or buy them out is another gamble.

But I think the coin is a pretty good bet at the current low price. In 2 years or so, it could bring a solid return. Or not. But I think it's a decent long term bet.

[ziiip]

  LOL so much FUD in here. Siacoin is here to stay, just enabled file sharing and network performance is top priority according to dev.

I'm one of the larger Sia hosts out there and it's true, we change our prices pretty often to stay competitive.

[ChinkyEyes]

Bought sia during the last pump in march, sold them with a loss but made money back with different alts. Maybe picking it up in a month or a couple of weeks from now. If you are going to hold Sia, you should hold it for at least 1-2 years in my opinion.