Topic: Future of SiaCoin (Read 3887 times)

some support at 130 at the moment, moon time 

My take on coins such as SiaCoin is that they have a very limited set of real world applications and that decentralized data storage is always going to be more expensive. As of now, none of the "data coins" is easy to use in spite of their explosion in price that is likely driven by speculation.

Siacoin isnt worth it. They focused on bringing a ASIC miner to market over developing their project more. Filecoin will be the winner eventually.

Because the Chinese traders had to withdraw their coins from exchanges like Yunbi, it resulted in much too much supply compared to the demand over the last 2 weeks.
Even though SC is not ready with their product, a bag wouldn't hurt.

Cool concept, honest team behind it, but I am concerned about the business model, not user friendly enough considering all the competition out there. The average user does not care if cloud storage is on the blockchain, they want easy to use.

I agree with you SiaCoin is the most amazing altcoin at this moment because if you do not invest right now you will definitely miss a lot of big profits. I am sure in 2018 will be the best development period of SiaCoin.

I think SC will disrupt file sharing services in the future. I would not worry about the current price. It will rebound back and do well in the future.

Every coins has its ups and downs, Siacoin is offering a real product that is needed to the market, it is not another ICOs like monaco with Zero product.
Its price will go again high for sure

Siacoin will never, EVER reach $100 a coin. You have to look at its total supply to see what its max limit it could possible reach. With a current circulating supply of 29,565,168,549 Siacoins, if it reached $100 a coin that would mean its totalmarket cap would be $2,956,516,854,900. Thats an almost 3 trillion total value, and they are adding more coins. No way it will ever reach that value, it would be one of the most lucrative assets in the universe.

Their big future, and their current problem are both tied to the ASIC miners they announced a few months ago (Obelisk's)  This should eventually stabilize the network, giving more people a feeling of safety to then purchase their cloud storage.  Also should increase the feelings of safety for the investors of the coin.  And once they start mining with the Obelisks, and pay them off, the pressure to sell will go down, and the price should gradually rise as well.  It's not saying Sia will go to the moon, just that it should stabilize and start an upward trend.  To where, who knows.

And not to say Sia is better than those other 2 cloud storage coins.  But that Sia is better then 99% of the coins out there that don't really have a business plan or even a real reason for existing.  3/4 of the coins now seem to try to fill a niche market, but I don't even know why anyone would want that.  "This coin is for buying cookies", and "this coin is for buying milk."   Neither dev is pushing a business plan to actually sell cookies or milk with their coin.  Plus why would a consumer want to open 19 wallets everytime they bought groceries?

The SiaCoin Future is a Awesome . It is now low price but any one can buy this coin and his life will be a awesome in a few days later. SiaCoin is a most value able and great coin in this world . It is a big future in front of 2018

I don't understand this shilling about how siacoins future is so bright, I see very little happening in terms of actual development on their network. How exactly is siacoin better than storj or filecoin?

Thanks for explaining. After your post I have learned a few important things

Obelisk will NOT create any more coins than are currently mined now.  All ASICs do are allow people to pour more money in to get a bigger piece of the coins that are being created now by increasing their Hashpower on the network.  ASIC's are good and bad for a coins network security.   On 1 hand it generally increases the Hashpower on the network, thus creating less of a chance of 51% attack on it.  On the other hand, generally ASIC's create is own problem where the majority of the hashpower is controlled more by companies then by individual users, and in alot of cases actually creates a virtual 51% attack, as these companies can hold over 51% of the hashpower for a continued amount of time.  It's saving grace is an ASIC (the Obelisk) can only do 1 function.  And since Siacoin uses its own algorithm, anyone destroying Siacoin with their Obelisks would in turn destroy the only thing their machines they spent tons of money on can do.  Thus costing them their entire investment.  

Since you are most likely not a miner.  I will explain like this.  Mining is NOT like mining for gold.  Where the more miners you have in the ore vein, the more Gold will be mined in a given amount of time.  

Instead it is like if you had 1000 people in a room where a set amount of pennies drop a minute.  For ease of Math lets say 1000 pennies fall from the ceiling each minute.  GPU miners would be the people buying in to pick up pennies with a small gardening shovel, where the ASIC miners pay 100X more to get in the door and they get a large net.  Eventually as more and more ASIC miners are sitting in the room with their large nets, the GPU miners will give up and leave as they are only able to capture a few pennies here and there per day that are missed by the people nets.  But if all 1000 people switched to Large nets, They would all have to pay 100X more to get in the room, and would all average the same 1 penny /minute they could have gotten if they all stayed with the small shovels.  The room will never switch to 2000 pennies falling per minute because everyone is in the room with expensive nets.  Hope that was a good enough analogy.

I would say that SiaCoin isn't a one-day thing, it has a lot of perspectives ahead. Thanks to its cloud storage innovation on the blockchain, it managed to reduce the usage costs significantly, which makes it even more attractive to invest into and address to.

Also favorite siacoin..A few months hold then huge profit..Time to buy now because the market is down a lot.I hope as soon as possible siacoin is raising up.Many trader buy siacoin and hold, i also hold this.Because siacoin future is so bright.

I think SC has a great potential to develop. Based on its decentralized storage technology, like google drive, etc., and the marketing campaign broadcast in social media it seems the company is aimed to move to another level of presenting its product and raising funds for it.

You just need some positive developments, the reality is it is really cheap, if you like the project throw a little its way and 3-6 months you may do very well. Never play with what you can't afford to lose

I bought SC in May and have had a lot of good returns and now is the best chance to buy SC because the price is very cheap now. I believe in this market will have good prices because they are always supported by many communities

I also believe in SIA Coin, it looks a real project with a real team that started on this year's ago. Let's see how it goes in the near future.