Future of SiaCoin

[yndye]

I do see some traders who are holding SiaCoin for the long term and they also have a product to offer so I think its price will rise up in the future. Its price is pretty cheap for now and it seems Sia is in accumulation stage right now and volume is getting higher so maybe sooner or later it will eventually rise up. After its pump last May, its price is getting lower and lower but the team behind is still active so it would be best to get some now before it explodes.

[RedX]

Siacoin is a long-term coin. This is very a good time to go shopping while it is on it's bloody days. I have acquired more than enough and only waiting for this giant to be awakened in the right time.

[Emperor of Man]

For now it's dumping (let it dump), but SC has a bright future. I'm hodling some, and I will be adding to it.  

Although these are low prices compared to June, but still waiting for it to dump more, so that I can average down to even lower prices ===> more ROI.  

I'm evil, ain't I?

[Vivisector999]

It doesn't matter if you have 1 person mining a coin with a single rig, or all the people in the BTC network mining.  There is not going to be "more" supply coming in because there are more miners.  All coins autocorrect their difficulty based on how long the last few blocks took to mine, and what their target time is, and adjust to keep the block time around the same time.  The block reward is set as well.  So no, the Etherium miners aren't making more coins which is dropping them in value.

Here is the current "problem" with Siacoin.  They announced ASIC miners a few months back, and since then the price has plummeted.  Most likely due to alot of people selling in order to pay the $2500 per machine.  The exact same thing happened when BTC announced their ASIC's and LTC as well.  If ASIC's can tank those large coins, it can tank a smaller coin like Sia just as hard if not harder.  In the past with those other coins mentioned, as few months after the ASIC's were shipped and they were paid off, the price came back up.   

[Himanshu111]

Siacoin is a project based on decentralized storage and it really really has a lot of potential to grow. Even the prices of the cloud storage is cheap and very competetive. You can expect high returns from the project in future.

[Sweetyfish]

Hi! My English so bad, excuse me. I am fully noob in this world, but have some money to invest. Can anybody explain me few simple things? I research couple projects and sia one of them. How Obelisk might increase a price in the future? This machine will give more coins. Right now circulating supply is 29,548,824,264. If the circulating supply is more, and the demand is the same as it can increase the price? Need to increase demand? The increase in demand for a coin will raise its price. But the advantage of this project is precisely that the price of a coin is low. What will be the meaning of this project, if the price for a coin is $2 or $3 (for example, any value is greater than the $1)? The competitive advantage over the same Amazon will be lost. Correct me, if not right. Thanks.

[cryptonianz]

I also believe in SIA Coin, it looks a real project with a real team that started on this year's ago. Let's see how it goes in the near future.

[cryptothreads]

Siacoin is a project based on decentralized storage and it really really has a lot of potential to grow. Even the prices of the cloud storage is cheap and very competetive. You can expect high returns from the project in future.

I bought SC in May and have had a lot of good returns and now is the best chance to buy SC because the price is very cheap now. I believe in this market will have good prices because they are always supported by many communities

[100degrees]

You just need some positive developments, the reality is it is really cheap, if you like the project throw a little its way and 3-6 months you may do very well. Never play with what you can't afford to lose

[OneUserOne]

As saw there is a huge marketing for SiaCoin(SC) in social media what do u think guys is for long term or its gona be another onecoin.

I think SC has a great potential to develop. Based on its decentralized storage technology, like google drive, etc., and the marketing campaign broadcast in social media it seems the company is aimed to move to another level of presenting its product and raising funds for it.

[khan149]

Also favorite siacoin..A few months hold then huge profit..Time to buy now because the market is down a lot.I hope as soon as possible siacoin is raising up.Many trader buy siacoin and hold, i also hold this.Because siacoin future is so bright.

[PowerfulGuerilla]

I would say that SiaCoin isn't a one-day thing, it has a lot of perspectives ahead. Thanks to its cloud storage innovation on the blockchain, it managed to reduce the usage costs significantly, which makes it even more attractive to invest into and address to.

[Vivisector999]

Hi! My English so bad, excuse me. I am fully noob in this world, but have some money to invest. Can anybody explain me few simple things? I research couple projects and sia one of them. How Obelisk might increase a price in the future? This machine will give more coins. Right now circulating supply is 29,548,824,264. If the circulating supply is more, and the demand is the same as it can increase the price? Need to increase demand? The increase in demand for a coin will raise its price. But the advantage of this project is precisely that the price of a coin is low. What will be the meaning of this project, if the price for a coin is $2 or $3 (for example, any value is greater than the $1)? The competitive advantage over the same Amazon will be lost. Correct me, if not right. Thanks.

Obelisk will NOT create any more coins than are currently mined now.  All ASICs do are allow people to pour more money in to get a bigger piece of the coins that are being created now by increasing their Hashpower on the network.  ASIC's are good and bad for a coins network security.   On 1 hand it generally increases the Hashpower on the network, thus creating less of a chance of 51% attack on it.  On the other hand, generally ASIC's create is own problem where the majority of the hashpower is controlled more by companies then by individual users, and in alot of cases actually creates a virtual 51% attack, as these companies can hold over 51% of the hashpower for a continued amount of time.  It's saving grace is an ASIC (the Obelisk) can only do 1 function.  And since Siacoin uses its own algorithm, anyone destroying Siacoin with their Obelisks would in turn destroy the only thing their machines they spent tons of money on can do.  Thus costing them their entire investment.  

Since you are most likely not a miner.  I will explain like this.  Mining is NOT like mining for gold.  Where the more miners you have in the ore vein, the more Gold will be mined in a given amount of time.  

Instead it is like if you had 1000 people in a room where a set amount of pennies drop a minute.  For ease of Math lets say 1000 pennies fall from the ceiling each minute.  GPU miners would be the people buying in to pick up pennies with a small gardening shovel, where the ASIC miners pay 100X more to get in the door and they get a large net.  Eventually as more and more ASIC miners are sitting in the room with their large nets, the GPU miners will give up and leave as they are only able to capture a few pennies here and there per day that are missed by the people nets.  But if all 1000 people switched to Large nets, They would all have to pay 100X more to get in the room, and would all average the same 1 penny /minute they could have gotten if they all stayed with the small shovels.  The room will never switch to 2000 pennies falling per minute because everyone is in the room with expensive nets.  Hope that was a good enough analogy.

[Sweetyfish]

 Hope that was a good enough analogy

Thanks for explaining. After your post I have learned a few important things

[xenolith]

I don't understand this shilling about how siacoins future is so bright, I see very little happening in terms of actual development on their network. How exactly is siacoin better than storj or filecoin?

[ukboss]

The SiaCoin Future is a Awesome . It is now low price but any one can buy this coin and his life will be a awesome in a few days later. SiaCoin is a most value able and great coin in this world . It is a big future in front of 2018

[Vivisector999]

Their big future, and their current problem are both tied to the ASIC miners they announced a few months ago (Obelisk's)  This should eventually stabilize the network, giving more people a feeling of safety to then purchase their cloud storage.  Also should increase the feelings of safety for the investors of the coin.  And once they start mining with the Obelisks, and pay them off, the pressure to sell will go down, and the price should gradually rise as well.  It's not saying Sia will go to the moon, just that it should stabilize and start an upward trend.  To where, who knows.

And not to say Sia is better than those other 2 cloud storage coins.  But that Sia is better then 99% of the coins out there that don't really have a business plan or even a real reason for existing.  3/4 of the coins now seem to try to fill a niche market, but I don't even know why anyone would want that.  "This coin is for buying cookies", and "this coin is for buying milk."   Neither dev is pushing a business plan to actually sell cookies or milk with their coin.  Plus why would a consumer want to open 19 wallets everytime they bought groceries?

[CaliforniaCrypto]

As saw there is a huge marketing for SiaCoin(SC) in social media what do u think guys is for long term or its gona be another onecoin.

You cant compare Siacoin with Onecoin. Even if Siacoin never becames successful. Onecoin was a straight-up scam, a ponzi. Sia is a legit project, with real world use cases. I do think this coin has a bright future. However I highly doubt the price will rise to about $100 any time soon. Its one of those coins that need to keep their prices low. But theres lots of opportunities to profit from this coin.

Siacoin will never, EVER reach $100 a coin. You have to look at its total supply to see what its max limit it could possible reach. With a current circulating supply of 29,565,168,549 Siacoins, if it reached $100 a coin that would mean its totalmarket cap would be $2,956,516,854,900. Thats an almost 3 trillion total value, and they are adding more coins. No way it will ever reach that value, it would be one of the most lucrative assets in the universe.

[wordspavovv]

Every coins has its ups and downs, Siacoin is offering a real product that is needed to the market, it is not another ICOs like monaco with Zero product.
Its price will go again high for sure

[vuvanle120]

Every coins has its ups and downs, Siacoin is offering a real product that is needed to the market, it is not another ICOs like monaco with Zero product.
Its price will go again high for sure

I think SC will disrupt file sharing services in the future. I would not worry about the current price. It will rebound back and do well in the future.