Bought 66k Siacoins

[ImThour]

Hey,

I have bought 66,107 Siacoins for 0.00495 each resulting in 327.21975 USDT.
What do you think of this investment, is it going to be +ve or -ve in the long run or in a month?
Link: https://coinmarketcap.com/currencies/siacoin/

Genuine feedback will be much appreciated.

[Coin_trader]

Hey,

I have bought 66,107 Siacoins for 0.00495 each resulting in 327.21975 USDT.
What do you think of this investment, is it going to be +ve or -ve in the long run or in a month?

Genuine feedback will be much appreciated.

You FOMOed right? The RSI and Stoch shows that it was close for being overbought. But there is still some space for price growth. I’m a fellow investor of $SC before but I decided flip when the project become stagnant last 2018. The price might suffer some major correction soon and I think that is the perfect timing to enter on this coin but if you are planning to hold it for long time then it’s OK.

[ImThour]

Hey,

I have bought 66,107 Siacoins for 0.00495 each resulting in 327.21975 USDT.
What do you think of this investment, is it going to be +ve or -ve in the long run or in a month?

Genuine feedback will be much appreciated.

You FOMOed right? The RSI and Stoch shows that it was close for being overbought. But there is still some space for price growth. I’m a fellow investor of $SC before but I decided flip when the project become stagnant last 2018. The price might suffer some major correction soon and I think that is the perfect timing to enter on this coin but if you are planning to hold it for long time then it’s OK.

Sorry, I am not sure what FOMOed means.

Is it possible if this coin can even touch $0.1 or something? And about long time, what is your expected duration?

[casperBGD]

i also have SIA coin, they just released SiaStream application, and it seems that development is getting some pace, but price have already risen and one should expect consolidation, but in the long term, i expect SC to go up
of course, you should think for yourself, this is just my point of view, not financial advice

[ImThour]

i also have SIA coin, they just released SiaStream application, and it seems that development is getting some pace, but price have already risen and one should expect consolidation, but in the long term, i expect SC to go up
of course, you should think for yourself, this is just my point of view, not financial advice

I am not sure if i did the right thing by investing in this, I was previously holding ETH.
I hope this decision will be right and I am willing to wait till the end of 2020.

[palle11]

I hope this decision will be right and I am willing to wait till the end of 2020.

This is a short time to expect such profit for that investment except the expected bull starts happening. I think the coin is showing overbought maybe a correction might come first but be hopeful.

[btc_angela]

i also have SIA coin, they just released SiaStream application, and it seems that development is getting some pace, but price have already risen and one should expect consolidation, but in the long term, i expect SC to go up
of course, you should think for yourself, this is just my point of view, not financial advice

I am not sure if i did the right thing by investing in this, I was previously holding ETH.
I hope this decision will be right and I am willing to wait till the end of 2020.

It looks like you need to learn more, FOMO means Fear of Missing Out. How do you come to the conclusion to shift your funds from ETH to Sia? There is an old thread: What do you think about Siacoin?. I guess the best thing for you right now is just wait, maybe down the line it will experience a growth in the next two years or so. Best of luck to you,

[Jating]

It's already listed on some reputable exchange like Binance so I wouldn't say that it is a shitcoin and there's a lot of promise on Siacoin before. And it is still cheap right now, and it seems it is gaining some steam as it is up by +20%. But I do agree that it is already in the overbought zone, meaning it is already in a bubble phase.

So I wouldn't be surprised if there will be some corrections going to happen to in the next couple of days. I don't know what price you buy this coin, but if you are looking for a long term hold then I would say go for it and let's see if your gamble paid off in the future.

[ImThour]

So I wouldn't be surprised if there will be some corrections going to happen to in the next couple of days. I don't know what price you buy this coin, but if you are looking for a long term hold then I would say go for it and let's see if your gamble paid off in the future.

I am willing to go for long term hold, no issues. Hope it pays off haha.

[Coin_trader]

Hey,

I have bought 66,107 Siacoins for 0.00495 each resulting in 327.21975 USDT.
What do you think of this investment, is it going to be +ve or -ve in the long run or in a month?

Genuine feedback will be much appreciated.

You FOMOed right? The RSI and Stoch shows that it was close for being overbought. But there is still some space for price growth. I’m a fellow investor of $SC before but I decided flip when the project become stagnant last 2018. The price might suffer some major correction soon and I think that is the perfect timing to enter on this coin but if you are planning to hold it for long time then it’s OK.

Sorry, I am not sure what FOMOed means.

Is it possible if this coin can even touch $0.1 or something? And about long time, what is your expected duration?

0.1$ is too high as target take profit considering Siacoin has a 41.8B circulating supply and the ICO madness was already which is the only reason reach 0.11$ that time . Maybe 0.01$ to 0.05$ is possible to achieve for a long term investment but don’t expect that much since this coin just recently finish the elliot wave cycle which means it’s on retest. If this coin didn’t break the 52sats resistance then it suffer a major correction. Watch out on that price level.

[ImThour]

Hey,

I have bought 66,107 Siacoins for 0.00495 each resulting in 327.21975 USDT.
What do you think of this investment, is it going to be +ve or -ve in the long run or in a month?

Genuine feedback will be much appreciated.

You FOMOed right? The RSI and Stoch shows that it was close for being overbought. But there is still some space for price growth. I’m a fellow investor of $SC before but I decided flip when the project become stagnant last 2018. The price might suffer some major correction soon and I think that is the perfect timing to enter on this coin but if you are planning to hold it for long time then it’s OK.

Sorry, I am not sure what FOMOed means.

Is it possible if this coin can even touch $0.1 or something? And about long time, what is your expected duration?

0.1$ is too high as target take profit considering Siacoin has a 41.8B circulating supply and the ICO madness was already which is the only reason reach 0.11$ that time . Maybe 0.01$ to 0.05$ is possible to achieve for a long term investment but don’t expect that much since this coin just recently finish the elliot wave cycle which means it’s on retest. If this coin didn’t break the 52sats resistance then it suffer a major correction. Watch out on that price level.

Do you suggest me to withdraw from this decision or wait for atleast a month? Not sure when the correction will occur.

[Desscount]

In my opinion there is still a potential return to $ 0.02, but that is also not certain because if you look at the ROI SiaCoin is very profitable for investors,
just realistically, you can sell it when you are profitable

[livingfree]

I see it.

Siacoin is pumping and is 19%+ currently.

Don't wait for too long and don't think for bigger returns if you want short term. But for long term, we can't determine it however, I saw siacoin has been one of the altcoins that's been stable on its ranking.

[Sword555]

It's not so good idea to invest all money in one coin. You should think about devirsification

[Retainly_Collie]

Hey,

I have bought 66,107 Siacoins for 0.00495 each resulting in 327.21975 USDT.
What do you think of this investment, is it going to be +ve or -ve in the long run or in a month?

Genuine feedback will be much appreciated.

You FOMOed right? The RSI and Stoch shows that it was close for being overbought. But there is still some space for price growth. I’m a fellow investor of $SC before but I decided flip when the project become stagnant last 2018. The price might suffer some major correction soon and I think that is the perfect timing to enter on this coin but if you are planning to hold it for long time then it’s OK.

Sorry, I am not sure what FOMOed means.

Is it possible if this coin can even touch $0.1 or something? And about long time, what is your expected duration?

SC's current price is $ 0.005, but its ROI has gone up to more than 9000%. So I think it's too hard for it to go up $ 1 as you would expect, even the price could crash any time at current prices.

[mohucool]

It will depend on many factors , but also if you gonna use there service ( Sia)

There are many competitors in Decentralised storage market

1- Sia
2- Storj
3- Filecoin/IPFS
4- Arweave
5- Tron/BTFS

So if Sia is able to compete with these and able to get a sizable market share it will definetly be good statement. I think specially in utility coins ,try to invest only if you yourself will use that service as you will be able to better judge it's potential. For e.g BNB got very successful for it's utility to traders and investors. So if you are distributed  storage provider or can know about that market then you  will be able to judge the return in long term.

I think Sia is making progress and in next two three years they will have many applications launched but it will have the traction or get userbase that can't be predicted as crypto as a whole sector is very niche for now and dapps and services usage are very low.

[iTradeChips]

If your main purpose is to hold the coin for a long long time then that should not be any problem. Many altcoins are handpicked by most cryptocurrency enthusiasts for long term investment and many examples of the results of long term investments is well known to attract many people to emulate what these lucky investors have done in the past. So continue buying low priced coins and wait a few years before you will be able to reap the benefits of your investment.

[dataispower]

SIA is a good coin, been trading it mid term since it usually requires a lot of patience trading  it, due to low sat. I admire the product of siacoin project, cloud storage but it doesn't compete with the mainstream cloud storage closely, still has a long way to go in terms of acceptability like google drive. Not my spec for long term though, but overall it's a dope project with lower risk investment.

[robattfield]

Hey,

I have bought 66,107 Siacoins for 0.00495 each resulting in 327.21975 USDT.
What do you think of this investment, is it going to be +ve or -ve in the long run or in a month?

Genuine feedback will be much appreciated.

You FOMOed right? The RSI and Stoch shows that it was close for being overbought. But there is still some space for price growth. I’m a fellow investor of $SC before but I decided flip when the project become stagnant last 2018. The price might suffer some major correction soon and I think that is the perfect timing to enter on this coin but if you are planning to hold it for long time then it’s OK.

Sorry, I am not sure what FOMOed means.

Is it possible if this coin can even touch $0.1 or something? And about long time, what is your expected duration?

The ATH of this project is $ 0.11, so it is fully possible to go up again if the bull run comes. This project is in the top 100 coinmarketcap so I believe it is a good one and even they are listed at Binance. Try to hold them in the long term and wait for the profits to come to you

[mersal]

Hey,

I have bought 66,107 Siacoins for 0.00495 each resulting in 327.21975 USDT.
What do you think of this investment, is it going to be +ve or -ve in the long run or in a month?
Link: https://coinmarketcap.com/currencies/siacoin/

Genuine feedback will be much appreciated.

In the past this coin was expected to have huge potential and traded actively by the day traders but now things changed because shitcoin hyoe doesn't get longer, but it could be a profitable one in long term and the capital is also not too huge so worth for holding in long term since you already bought it.