Siacoin long?

[Himanshu111]

Siacoin is one of the good projects available in the market right now. The concept of decentralized cloud storage is very good and you can expect really fast growth siacoin in future. I think siacoin can be close to a dollar in 2 years.

[1715071177]

1715071177

[1715071177]

1715071177

[1715071177]

1715071177

[1715071177]

1715071177

[NaXxow]

I agree with you, Siacoin is a good project but there are competitors like STORJ that has been in a uptrend right now. It has been undervalue compare to others. If devs were not clear to their roadmap, might as well investors lose hope with Siacoin and change to other coins that offer same service.

[Riuzan]

This is a long term coin, just hold

[negancoin]

SC is now around 180 sat !!! who still believes in Siacoin.

[MrRig]

It's a good chance to refill your pockets 

[g___]

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

what kind of logic is this?

example:
5 years ago, 1 share of netflix was $9.10 (right now, it's $171.40, or almost 19x more).

did the price of a netflix membership go up 19x? no...

[PoorLad]

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

what kind of logic is this?

example:
5 years ago, 1 share of netflix was $9.10 (right now, it's $171.40, or almost 19x more).

did the price of a netflix membership go up 19x? no...

Thats not how any of this work...

Netflix stock price have nothing to do with monthly fee. It is just how valuable people think Netflix is. You dont use stocks to pay for streaming...

With Sia on the other hand you do use your "stocks" to buy storage.
It all go down to if amounts of coins change based on what they are valued, or if the amount of coins for like 300GB is fixed.


example:

Fixed. 1 coin is 2 USD, you need 5 coins to get 100GB.
Price: 10 USD - 5 coins.
In this case having high Sia price is bad.

Not fixed. 1 coin is 2 USD, but Sia dev's say you need 5 USD worth of coins to get 100GB.
price: 5 USD - 2,5 coins.
In this case it dont matter what the price is. This is how it will need to work if this coin shall blossom

[rooster2000bka]

I had 200 SC coin at the moment! If $1 per coin! I had $200! Not bad!

[carlisle1]

I had 200 SC coin at the moment! If $1 per coin! I had $200! Not bad!

well if you can wait so it will be profitable for you, maybe it will take some time or maybe longer than we think but it still possible
so sc really for long holders those who can wait and see the results but for day traders sc swing is really pain in the ass.

[AdamKapusta]

I had 200 SC coin at the moment! If $1 per coin! I had $200! Not bad!

Lol, I had 550 000 SC. If it jump to $1 per coin, kill me.

[Tafsirshakil]

I am newbie here.I hope siacoin has a great future & absolutely siacoin is long term coin.

[g___]

Thats not how any of this work...

Netflix stock price have nothing to do with monthly fee.

duh... read again.

[Filmmmakerr]

Sia has potential, they need to do some marketing and some more updating.

[Soutogu]

I wouldn't put too much trust in siacoin. It has a nice project and nice goals, but it's gonna take them YEARS to achieve what they're set out to do...and in years from now, i don't think what they're trying to solve is gonna be a problem anymore...

[Laneqwer]

I'm still holding SC and I have lost 50% of my account. I am very disappointed about it

[supertee]

I don't think Sia will fully recover... I've sold some, regret I didn't sell all of them... Then I would rebuy now...

[Higginbotham]

You can find other other currency for the first SC because I do not know that it does not we expected to the first times of we can we

[HardFireMiner]

Sold most of my SIA a week or two ago at $0.01.  Had some bought below and some above so kinda broke even with it.

I am glad I did it, it fell from that point to almost 50%, now around $0.006.

I knew the obelisk will be a disaster for the coin when it launched, only 1460 obelisks sold so far in almost two months, did not expect to be so big of a disaster in terms of time.

I expect now SIA to fall even more, we will see, I guess I will rebuy at $0.001-$0.002, if they wont give me that price, oh well, so be it, still have around 10% of my previous amount.

[MrRig]

It's not just SIA going down currently, it's the same for most of the altcoin market. Though SIA is going down a litte bit more...
I think it's due to the strong increase from bitcoin, around +50% in the last days.

So if a coin was to stay at the same BTC price it had a week before, it's value would increase by 50% too.
Ofc many people are realizing the profits in fiat or trading against BTC.

Well it seems we lost a battle, but if we loose the war will be determined in the future
I'll hold my SIA.

[inthelongrun]

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)

Yes they are dirt cheap and now they are even getting cheaper. But mind you, the team is working quite well and there are steps made with their project. So buying some SC is a good thing to do. But this requires a long term holding for the price to climb high.