Siacoin $1 this year

[Doctor.Strange]

Some of the experts are saying that Siacoin will hit $1 this year.

Is it possible with 32 billion circulating supply?

I want to stock it up.

[topesis]

It is a dream, I can't see it justifying that huge valuation. The price is not even close to 1000sat. The only thin SIAcoin as working for it is that it is one of the old coins in the space and have high number of people that have committed alot of hash power to its network

[cynical]

I think with further adoption of its technology it is possible.

I like the SIA project because it is an actual working project and it has ambitious plans that can be fulfilled.
The development team are very active and They are due to ship their own dedicated mining hardware called OBELISK [great name]
https://blog.sia.tech/november-obelisk-update-4216c77a5356

and on the topic of mining SIA there is also a rival miner announced by Bitmain, the Antminer A3 which will compete with the Obelisk,
im not sure if this is good or bad.

They are listed on 3 top exchanges Poloniex, Hitbtc and Bittrex so trading should increase as they will inevitably be added to more.

I think overall 2018 will be positive which should add to the overall value, hopefully.

  

[alaricoin]

in the crypto system everything is possible. what today is worth zero can get to the stars and what is worth so much can you dump to zero.
thanks for the tip.
I suggest you also buy something on our alaricoin project.
ALCO token far away on etherdelta and idex. today at a very low price .m
Alaricoin the maximum bid is only 1 million tokens

[nafantc]

The cloud storage market size was $30.70 billion in 2017, so if Sia will corver the whole market, it is something about $1 per coin. As for me, this cannot happen in 2018.

[Doctor.Strange]

The cloud storage market size was $30.70 billion in 2017, so if Sia will corver the whole market, it is something about $1 per coin. As for me, this cannot happen in 2018.

Well same thing was for ADA when it was 2 cents in Nov but it did hit $1+ on Jan 2nd.

[cakmabokgot]

Well, a lot of people say so on Twitter. I was fooled about it I guess... Had 0.2 BTC amount of SC, now it's worth 0.1. So pissed, holding till it comes back to 0.2 (I am absolutely sure that some whales will pump it ASAP). Then bye bye SC, no way SC can be $1 this year. Maybe $0.1

[hash512]

Well, a lot of people say so on Twitter. I was fooled about it I guess... Had 0.2 BTC amount of SC, now it's worth 0.1. So pissed, holding till it comes back to 0.2 (I am absolutely sure that some whales will pump it ASAP). Then bye bye SC, no way SC can be $1 this year. Maybe $0.1

I am sure you did not make a bad investment.  You just have to be patient.

[bigcash2011]

If your prediction gets right i will be very happy as im holding a good wuantity of siacoins, but personally i think it will not be easy with this large supply.

[Branko]

If your prediction gets right i will be very happy as im holding a good wuantity of siacoins, but personally i think it will not be easy with this large supply.

If it ever get wide adoption, its pretty possible that supply will actually DECREASE

[nafantc]

The cloud storage market size was $30.70 billion in 2017, so if Sia will corver the whole market, it is something about $1 per coin. As for me, this cannot happen in 2018.

Well same thing was for ADA when it was 2 cents in Nov but it did hit $1+ on Jan 2nd.

ADA isn't coin for decentralized storage, so it isn't correct to compare.

[Easy2Mine]

Çok zor bir ihtimal . Siacoin 1 dolar olacağını hiç sanmıyorum .Circulating Supply 32.359.252.497 SC .

[grumpy619]

Looking at Sia and its capitalization is hard to believe that it will reach the price of 1$ next year. it should then grow in 50-60 times..It might happen just if Sia made breakthrough and   became the main platform for cloud storage but in this field  it has too many competitor - Amazon, Google, Microsoft. Billions of dollars are required to enter this market.

[justin86]

It is very possible, Sia has been developed for a long time and it is one of the best projects in the market and it will be actually used by people. It will reach $1, this year or another but 100%

[dwarfik]

Personally I don't know why so many people are shilling SIA. Current price per TB is around 3 USD. There is 3x redundancy, so you need 3 TB of storage space to store 1 TB of user data. So many people have laptops today instead of desktops. I doubt that anyone has the laptop on the table running 24/7/365. Anyway, if I assume that a user has 500GB of storage space to provide. That means 166GB of pure user data (without redundancy) which equals to 50 cents per month (if your storage is fully utilized). Is this kind of profit really worth all this hassle? This can pay off only for large whales which does indeed make the storage rather centralized.

Even if SIA costs for storage will be equal to let's say Dropbox (10USD/month/TB), we are still talking about dollar fifty per month. And with dropbox, you can re-upload the files as many times as you want and you are not paying for bandwidth.

I do not want to FUD, I am just curious what you guys think about it. I am aware that the project has to have some time to grow but still, I don't believe that it is economically sustainable.

[linkybit]

I think it is not realistic for Siacoin to reach $1 in 2018 however it may cross $1 mark in few years.

[Tiennou74]

By 2022 might be Siacoin could cross 1$ . if Siacoin 's community do have potential then it might be but i dont think so if it could fly to 1$ this year !
But No one can predict accurately !!!

Happy Trading

Thanks
Regards
 

[lukey]

Sia can hit $1 in the next bull cycle.

Current ATH is 15 cents.

[drmarcobelli]

I don't believe this will happen. Like you said, that's $32B too much.
This aint ripple or something. It was hyped like almost a year ago, but I doubt it will hit $1.

[darth_cryptorider]

No, 1$ for SIA it's to much, better to look for coin with less circulating supply.