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Topic: [ANN] Sia - Decentralized Storage - page 209. (Read 1382228 times)

newbie
Activity: 56
Merit: 0
September 01, 2017, 09:38:43 AM
I invested in SIA on June 18th when it was 0.018$, I invested 7 BTC which is worth now 1.75 BTC and I got 1M sia. I am just too disappointed in SIA that this coin has not been going up like all others even things they implemented like ASIC miners for next year, This was a utter failure on their end but once again I am a bag holder due to SIA and cannot sell unless I break even which I don't see anytime this year but u make mistakes and you learn from these mistakes. I learned it the hard way, Hope sia bring out something big or new which would increase its prices. I hoped to invest in SIA that if it ever touches 1$, I would have 1M$ in my pocket but 1$ seems impossible for this coin due to their current progress. SMH!

Sorry to be a D**khead or so but reality is that it was something new that had to prove it self. You probably chased the hype around this coin until reality hit and people realized that the devs can't deliver. If you are unexperienced trader learn this not to jump on board the first 6 to 12 months. Let the market decide what they think. it is not you nor me who will decide the price of Sia but the market. And now, if you look at the chart, every uptick is being met with more sellers. This means that the market doesn't give shit anymore about the devs of SIA. if they did you would have seen prices going up and not down. So basicly, the devs of SIA are working for nothing right now and have no future. Probably can go back to work and become wagecucks again. Not that I care since they don't care about the price neither. So let them proof us wrong but the odds are pretty much against them. Better buy some litecoin or ethereum classic or waves or whatever. Buy what the market supports. Not some faithless coins.
jr. member
Activity: 73
Merit: 2
September 01, 2017, 09:31:11 AM
I invested in SIA on June 18th when it was 0.018$, I invested 7 BTC which is worth now 1.75 BTC and I got 1M sia. I am just too disappointed in SIA that this coin has not been going up like all others even things they implemented like ASIC miners for next year, This was a utter failure on their end but once again I am a bag holder due to SIA and cannot sell unless I break even which I don't see anytime this year but u make mistakes and you learn from these mistakes. I learned it the hard way, Hope sia bring out something big or new which would increase its prices. I hoped to invest in SIA that if it ever touches 1$, I would have 1M$ in my pocket but 1$ seems impossible for this coin due to their current progress. SMH!
newbie
Activity: 13
Merit: 0
September 01, 2017, 09:07:37 AM
Sia really has failed. The first mistake was that you need to have atleast 2000 sia to sell your storage. That would have scared some people away. And people list it in one of the best coins to invest in.
newbie
Activity: 56
Merit: 0
September 01, 2017, 08:53:18 AM
Looking at the price of Siacoin it is pretty obvious that the devs have failed miserably.
So they can do whatever they want now but the common people and investors gave up on this coin.
proof me wrong, if this was a good project with reliable devs and future, then price wouldn't be down here.
So when faith is gone they can release and do whatever they want with their worthless coins because investors won't trust this project anymore.
newbie
Activity: 50
Merit: 0
September 01, 2017, 08:48:55 AM
Thanks Hakkane for all your replies Smiley
I also have a question ! Uploaded files are encrypted and split, is this process done by the client ?
full member
Activity: 756
Merit: 103
September 01, 2017, 08:38:44 AM
I have a question and maybe it's a bit silly, I don't know. As far as I've read, Siacoin is an interesting solution for storage because it's decentralized, encrypted and secure AND because it's cheap. But, if I'm right, it's cheap because Siacoin's price is low. So, if this coin skyrocket, wouldn't be a sort of marketing suicide ? The storage cost would explode and it'll be way more expensive than Amazon and others. But, again, maybe I'm wrong. I know some people are really concerned by the decentralized part, I'm also concerned about the price ^^

Hello. You are missing something very important: each host decides his own pricing. And as hosts are competing with Amazon and other services that charge in dollars, hosts change their pricing when the value of Sia changes to adjust to Dollar prices. Average pricing of hosts have been, and will be, around $1/Tb/month, no matter how dramatically the Sia price changes.

On summary: Storage market pricing and Siacoin market dynamics are totally independent

Okay, got it. Thanks for the info Smiley

I'm really interested into such project which bring a real +value on blockchain tech. I don't understand why Sia hosting isn't more used... there is a lot of offer and a very little bit of demand.
sr. member
Activity: 422
Merit: 270
September 01, 2017, 08:35:11 AM
I have a question and maybe it's a bit silly, I don't know. As far as I've read, Siacoin is an interesting solution for storage because it's decentralized, encrypted and secure AND because it's cheap. But, if I'm right, it's cheap because Siacoin's price is low. So, if this coin skyrocket, wouldn't be a sort of marketing suicide ? The storage cost would explode and it'll be way more expensive than Amazon and others. But, again, maybe I'm wrong. I know some people are really concerned by the decentralized part, I'm also concerned about the price ^^

Hello. You are missing something very important: each host decides his own pricing. And as hosts are competing with Amazon and other services that charge in dollars, hosts change their pricing when the value of Sia changes to adjust to Dollar prices. Average pricing of hosts have been, and will be, around $1/Tb/month, no matter how dramatically the Sia price changes.

On summary: Storage market pricing and Siacoin market dynamics are totally independent
full member
Activity: 756
Merit: 103
September 01, 2017, 07:20:42 AM
I have a question and maybe it's a bit silly, I don't know. As far as I've read, Siacoin is an interesting solution for storage because it's decentralized, encrypted and secure AND because it's cheap. But, if I'm right, it's cheap because Siacoin's price is low. So, if this coin skyrocket, wouldn't be a sort of marketing suicide ? The storage cost would explode and it'll be way more expensive than Amazon and others. But, again, maybe I'm wrong. I know some people are really concerned by the decentralized part, I'm also concerned about the price ^^
sr. member
Activity: 422
Merit: 270
August 31, 2017, 05:55:22 PM
Coin supply is huge and it's inflationary

As the other 95% of cryptocoins, and that is not preventing you investing on them  Smiley

Furthermore many chinese host are selling hd space very low creating low coin value.

That is simply a lie. Only 19 out of 720 hosts are located in China (2.7%), and the amount of storage they offer is irrelevant. Hosting is mainly a western countries thing (source: https://siahub.info/network)

They should add more feature or cloak system to create anonimous transactions.

Being a coin used for paying storage contracts where files are completely encrypted, the anonymity of transactions is irrelevant. There are much more interesting features the developing team is working on:
- Improvements in scalability and reliability for renters
- Recovery of files only with the wallet's seed
- File sharing
- File streaming...


................. Next time you have to increase your post count, try either to say something more coherent or limit to speculation about the price like every other sigspammer  Wink. Writing a random lie or incoherent stuff only misinforms other people and speaks very bad about you
full member
Activity: 756
Merit: 103
August 31, 2017, 05:41:11 PM
Nobody can know for sure what will happen but people sometimes hope, sometimes are scared. Holding your coins is the best way to go.
K-
member
Activity: 98
Merit: 10
August 31, 2017, 05:36:52 PM
i am still hodl my siacoin.
There is too much supply, we need new liquidity on the market in order the price to rise.
member
Activity: 98
Merit: 10
August 31, 2017, 05:10:56 PM
Coin supply is huge and it's inflationary. Furthermore many chinese host are selling hd space very low creating low coin value. They should add more feature or cloak system to create anonimous transactions.
sr. member
Activity: 1181
Merit: 259
August 31, 2017, 04:52:10 PM
I'd wait for breaking 200 SAT for a confirmation. ATM I'm swing-trading half of it for a short-term profit.

200 sat is nothing. just wait for few more weeks.
we will enter into 4 digits..
this is most undervalued coin compare to competitors

You're seriously delusional if you have hopes for an above 500 sats sia.

I see you invested and hope for a pump, but this is simply not going to happen.

The Sia ATH is like 850 sats back on June 20th, so it certainly could happen again. It certainly got ahead of itself, and I would prefer a slow steady rise.
full member
Activity: 215
Merit: 100
August 31, 2017, 03:49:21 PM
I'd wait for breaking 200 SAT for a confirmation. ATM I'm swing-trading half of it for a short-term profit.

200 sat is nothing. just wait for few more weeks.
we will enter into 4 digits..
this is most undervalued coin compare to competitors

You're seriously delusional if you have hopes for an above 500 sats sia.

I see you invested and hope for a pump, but this is simply not going to happen.
sr. member
Activity: 422
Merit: 270
August 31, 2017, 01:30:44 PM
The coin supply is huge and it's inflationary. What did everyone expect to happen
What do you mean? The coin grows that will be? Should I buy it now?

As many other coins, Sia has an inflation and a predictable coin supply. You can check it here: http://siapulse.com/page/market click on the "Coin Supply" and "Inflation" tabs
sr. member
Activity: 490
Merit: 251
Revolutionizing Brokerage of Personal Data
August 31, 2017, 11:40:14 AM
The coin supply is huge and it's inflationary. What did everyone expect to happen


What do you mean? The coin grows that will be? Should I buy it now?
hero member
Activity: 682
Merit: 540
August 29, 2017, 05:39:34 PM
The coin supply is huge and it's inflationary. What did everyone expect to happen
hero member
Activity: 1299
Merit: 502
August 29, 2017, 05:07:42 PM
I wish these weak hands will just dump and move on. You either holding for the long haul or you're not. Too keep asking the same dumb questions every other day is silly. Go thru the thread and read. The same answer you got why the price hasn't pumped last week and the week before that is the same as this week. BTC is too strong at the moment.
member
Activity: 162
Merit: 10
August 29, 2017, 04:57:32 PM
Is there a reason why Siacoin got devaluated? What are the factors that made this coin got affected in value? Is there a chance for this coin to rebound?

every altcoins dumped when bitcoin rise..
dgb dumped from 2400sat to 550 sat..

just Hodl.. it will go up

That's a Fact and if dgb is gonna go back up Sia is too remember sia has live real world application
legendary
Activity: 1120
Merit: 1001
August 29, 2017, 11:43:53 AM
Is there a reason why Siacoin got devaluated? What are the factors that made this coin got affected in value? Is there a chance for this coin to rebound?

every altcoins dumped when bitcoin rise..
dgb dumped from 2400sat to 550 sat..

just Hodl.. it will go up
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