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Johny101010 (OP)
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September 22, 2017, 06:38:22 PM |
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What is happening with SIA coin.    It has been going down and down. Is there a bottom. Are the devs still alive or are they packing now that they got the BTC for the asci machines? This trend scares me. Am I wrong, should I sell out or will it start moving up again? |
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Vivisector999
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September 22, 2017, 06:51:59 PM |
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Devs are still alive and active. Problem is 2 fold. All coins are dropping, and alot of people are dumping their coins to help pay for their $2500 Asics they ordered. 1 thing I can promise is when ASIC's went live for both BTC and LTC this exact same problem occurred where the coin price was trashed until people had paid off their ASIC's and then held onto their coins for a while to sell gradually to make a bit more money from them. Guessing if it can take the big guys out, it will do the same for Sia. That being said, I don't see the price growing for a while yet.
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CarlOrff
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September 22, 2017, 06:58:52 PM |
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What is happening with SIA coin. It has been going down and down. Is there a bottom. Are the devs still alive or are they packing now that they got the BTC for the asci machines? This trend scares me. Am I wrong, should I sell out or will it start moving up again? Siacoin price is falling down sine weeks now. I think one of the reasons is Siacoin is one of the coin mineable in dual mode with Claymore'd dual miner. And with nVidia GPU, this dual mining has no effect on the principal mining (Ethereum). Then, nVidia miners earn a lot of Siacoin without spending more money. |
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gedor
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September 22, 2017, 07:04:04 PM |
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I want to know also how fast its supply is increasing. It may also affect the price much last time I looked at its supply it was 27 billion, now 29 billion.
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Itjoker
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September 22, 2017, 07:04:18 PM |
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I think the reason for the fall in a relatively large number of coins and easy mining.
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100degrees
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Activity: 108
Merit: 10
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September 22, 2017, 07:05:21 PM |
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The ASIC mining will help bring the price back up, how much no one can really say. You have to think that throwing .1 BTC at it might work out for you in the next 6 months or so. Of course if you are a day trader, you might be able to make more.
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Samarkand
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September 22, 2017, 07:54:44 PM |
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I want to know also how fast its supply is increasing. It may also affect the price much last time I looked at its supply it was 27 billion, now 29 billion.
https://forum.sia.tech/topic/161/about-siacoins-calculation-and-supplyIn July of 2020 (3 years from now) there will be roughly 44 billion Siacoin. At the moment the outstanding supply is roughly 29 billion Siacoin. You can check this for yourself at: http://explore.sia.tech/After 2020 the annual new supply will be roughly 1.5 billion per year, which is a rather low inflation. |
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Piston Honda
Legendary
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Activity: 2702
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Juicin' crypto
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September 22, 2017, 08:07:21 PM |
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SC coin? lol nothing. good tech concept but coin overkill...so will just be PnD for a lonnnnnggg time.
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$ADK ~ watch & learn...
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infer
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September 22, 2017, 08:17:45 PM |
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every coins are decreasing their prices and I think there is no big problem in this issue. Therefore, just hold your coin brother, I believe that SIAdcoin will soon increase back to normal. After the next hardfork, bitcoin will become more stable as well as other altcoins, too. Bitcoin has affected most of the cryptocurrency around here
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Johny101010 (OP)
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September 22, 2017, 09:18:34 PM |
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Thanks everyone. Great info.
I only have about 100k and would love to get about $0.01 or 0.000002 Btc. Hopefully it gets there in the next 6-9 months.
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magiccarpett
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September 22, 2017, 09:23:25 PM |
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Don't forget that the devs or the team doesn't want that siacoin will be expensive. Siacoin should be cheap so customers will use services. Who want use expensive services behind technologies?
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hammo
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September 22, 2017, 09:23:53 PM |
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It was already overvalued and it is correction price. Don't listen anyone before invest.
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monkfishy
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September 22, 2017, 09:29:58 PM |
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There are a few competitors as well, which may steal some attention (rightfully or not). For Sia to sharply rise, I suspect there needs to be reports of more usage. It probably has decent potential, but atm there's not a lot of service on the platform.
It's a working product though, which is more than some other projects has.
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Wyre08
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Activity: 84
Merit: 10
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September 22, 2017, 11:34:33 PM |
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Does anyone know if this paper wallet is safe? If the price drops a little more I might buy a little on the off change it goes up in the future https://siapaperwallet.co/ |
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reputation
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September 23, 2017, 12:06:16 AM |
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i think there may be too many of the same types of products in the market, like storj, ipfs, genaro and so on, siacoin price already increased a lot in the past months, it need a correction to back to its real value
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Johny101010 (OP)
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September 23, 2017, 10:30:44 PM |
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I need is real price to be around $0.01 lol.
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949miner
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Activity: 448
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Stake & Vote or Become a IoTeX Delegate!
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September 23, 2017, 10:44:31 PM |
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Yes i am looking everyday at siacoin charts, and it is incredible how much it dropped in the last month. It was more than $0.01 a few weeks ago, and now it is less than half a cent. I think this is a horrible situation for those that are holding siacoin. I had more than twenty thousand of it, but i dumped my sc because i knew from the beggining that this coin was only for dump/pump.
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Cicada1033
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September 23, 2017, 10:47:48 PM |
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Don't forget that the devs or the team doesn't want that siacoin will be expensive. Siacoin should be cheap so customers will use services. Who want use expensive services behind technologies?
They are playing with fire here. They don't won't the price of their coin so be high but that will really keep away investorys. If no investors pay attention to the products it's hard for them to survive until they got their product going.  |
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brie-oi354
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September 24, 2017, 12:45:01 AM |
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Don't forget that the devs or the team doesn't want that siacoin will be expensive. Siacoin should be cheap so customers will use services. Who want use expensive services behind technologies?
They are playing with fire here. They don't won't the price of their coin so be high but that will really keep away investorys. If no investors pay attention to the products it's hard for them to survive until they got their product going. Can the investors be like "yo dev team, buy back my tokens"? If the tokens drop to 1 satoshi, or whichever satoshi value where existing token holders collectively say "screw it, i'll just hold it", it doesn't exactly affect the project's current financial standing, would it? Can potentially be detrimental to future stuff where they need to reference their market value (i.e., pitching to future investors), but not the actual business itself, right? How I see it, they can still sell their services like a regular business with the twist of needing to purchase Siacoin for the service. Usual means of marketing/partnerships/selling/etc. etc. |
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jindajin
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September 24, 2017, 12:50:57 AM |
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SC coin? lol nothing. good tech concept but coin overkill...so will just be PnD for a lonnnnnggg time.
I really think so too..... |
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