Topic: [ANN] Sia - Decentralized Storage - page 196. (Read 1382196 times)

It won't.

-needs more space

-it's slower, you can't expect people sharing their free space to have good connections to make anything even closely resembling real time or near real time applications

-it's not user friendly as standard cloud solutions

-you can't give a siacoin bill to accounting

-price fluctuations make adopting siacoin as an enterprise solution impossible

I just don't see any real use case for Sia.

This coin is just a scam for the holding company to sell miners.

You can all masturbate and try to pump it with positive posts all you want, but Siacoin is a weak coin without any use case.

I'd argue you could make much better ERC20 tokens for the same use case.

I expect it to soon go below 100 sats and I can hardly see a situation where it will go over 250-300 ever again, especially with the current Bitcoin's price.

Maybe SIA should think of doing some fundraising on fundagoal. Everything else they're trying to do doesn't seem to be working out for them.

That's a low price, lower than my average. I bought about half my coins at 119 average.

And I plan on either selling off half on the next big pump and rebuying once it drops, or holding long term.

Since I first invested in Sia, the thinking was always long term, because the potential for this coin is high.

I reckon 2 to 3 years and the coin will be widespread.

i am wondering also if SIA is a real slow burner?
this thread seems very quiet with very little updates.

I think there are a lot of people hoping that work is
progressing in the background.

There were plans for new software version in September, but postponed to November, there should soon be out
NAS based on SIA, and in about half a year there will be ASIC out

Whats funny is that this dramatic fall coincided with Duplicati integration...usually news like that drive price up

If SIA makes progress as the storage protocol of the Internet, expect big things from SIA. The run up it had was excessive and it has gone back to May levels just like many other coins. I am holding for the long term (2+ years).

I couldn't agree more, and  i have a feeling we haven't seen the last of sia.

is it possible that SIA will be back? which plans on dev?

Usually when I am losing 70%-80'% on any assett I stubborny hold, since the risk of losing the last 20%-30% of my money is a letter pain than the risk of not getting back my vanished 70%-80'% if/when price will be up again.

I bought too got excess of over 1million + SC and my average break even is 566 Sats :| bought it around July time

Looking at the chart it hurts bad!

I am tempted to either

a) Buy more to bring my average down so i can try and either minimise my losses and exit quicker (Once price increases which no doubt i am confident it will)
b) Just wait and hope

I am probably going to do both, I see SC doing what DGB did last January completely flopped and went to a really all time low  for a few months- remember DGB at 20 sats last january 2017 before rallying to 2000+ few months later

I am in a position where i can afford to hold long term ( I am a long term holder for all my coins ) Held DGB for 15 Months and paid off really well in the end.

Tough i know and at times i have been tempted over the past few weeks to dump it all and try and recoup the losses by flipping on other coins, however though I have a lot to lose and not in a position for this to be a really bad trade

So I will just Hold Hold Hold till the price increases which i believe it will When is another question but i am prepared to wait another 6-10months with this coin lol

So for now i will accumulate more to try and bring my average down and hopefully once i hit breakeven and my average or bit above then i will exit

Someone dumped huge amount on Poloniex?

Hi
So should I sell or hodl my SC? I bought at 125

Good news. New pool with 10% profits going to devs.

By mining with Luxor, you are directly supporting the Siacoin ecosystem. We have agreed to a partnership with Nebulous Labs to donate 10% of our profit directly back to the developers.

https://medium.com/@nitronick600/introducing-luxor-mining-31b8cb83e21f

In Fiat terms it seems to have hit bottom Sept 15, so it looks fine too me, give it some time.

Make a plan for yourself, looking every day wont help. Look again in 2-3 years.

Seriously, do you know how to read a chart? I am up 12x in USD because I bought in February.

I did read the white paper on that, but it was above my head...

I believe that the UI only needs to be running to reupload your data in order to maintain redundancy should a host disappear.

EDIT: Forgot to mention that you need to back up a certain SIA folder I believe, in order to retrieve your uploaded data/contracts. So should your sia pc lose it's data, you have no way of downloading your backups.

This will change in the next version to seed based recovery, so that problem will be eliminated. Important step right there. Coming out within the next 2 months I believe.


Asides from collateral being burned when hosts go offline, as well as the future proof of burn implementation, consider the fact that coins will be locked up in contracts as collateral. Hosts will need to hold a stockpile of coins just to offer their services. A high collateral means that a host is serious about fulfilling their contracts, thus they could gain more clients as they would be deemed more trustworthy.

How can you be x5 of your buy price?
I mean, now siacoin is being traded at around 100 satoshis which is probably the all time low since it has been announced.
I am pretty much disappointed as I firstly purchase the coin when it peeked up at around 400 sat/sia which was a wrong move by me.

I'm predicting a nice rise in price soon...