Hey Steemerinos!,
Over the last several weeks with the dip in the market and the volatility of the market being so calm I've been taking some time trying to find the next cheap coin to accumulate and hodl for long-term gains.
Being available on multiple exchanges at under a penny a piece and with such a promising platform, not to mention moving up in the rankings being currently ranked in the low 20s in highest market cap (right behind Steem) AND having been at roughly double it's current value before the correction, I think Sia is the one.
The total capitalization is still so small that people haven't really caught on to the usefulness of blockchain tech. yet but when bigger companies start recognizing the advantages of this kind of system for cloud storage, I believe it will catch on in a big way.
To store a terabyte of files on the Sia platform would currently cost around $2 a month worth of SC, which is $15 cheaper than Storj coin (their only competitor) and 18 dollars a month cheaper than the cheapest non-blockchain cloud storage.
This leaves a lot of room for the coins to go up in value WITHOUT Sia adjusting their price for storage and still be the best choice.
In addition, Sia seems more user friendly for the end user than Storj.
(Details on pricing and more can be seen here - siahub.info)
More info can be found at the Reddit page
Here is a recent YT video that I found interesting that compares sia to storj and touches on some of the things I mentioned here.
I've been holding some from before the correction but I'm going to be averaging in some more as long as it stays below 2 cents (USD)
Id be interested in knowing what the Steem fam thinks about this one and if enough people are interested, we could organize a pump-and-hodl operation like HighOnCoins did with chaincoin, but with a more practical (IMHO) coin.
Looking forward to hearing what you all think about Sia!
- Rad Dog
Been holding siacoin for sometime now since 47sats but sold off at around 332 sats. Reason I sold is that the project is pure hype right now, the dev work is minimal atm, their focusing actually to get more money of their customers by making a mining rig called obelisk coming out 2018 june. Check the name out yourself :)
But will prob be worth 750 sats again!
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Great point you make comparing also with non-blockchain storage.
Gave me a lot to think about...
As is... dang... I still have some of those! :-)
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Been holding some SC at an average of 300. Going to hold for the medium term for sure.
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Unit is hodling.
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Haven't looked into this yet. Thanks for your insights. Am working on Chinese translation and try to share more cryptos to people so some good English posts can be shared more widely. Do you mind if I quote you in my post in the future? Thanks
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No problem, quote away.
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Thanks!
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I had some SC and I certainly believe in the idea but I don't believe they are working hard enough to bring it to fruition. You can hold it but I think there are many more options out there with a much better chance for huge ROI
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Storj is still in Beta, whereas Sia's network service features and smart contracts are available now. Sia is a winner!
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Being holding it for while. Waiting for it to double my initial entry.
This post has received a 100% upvote from @melowd. Thank You for sharing @raddog . For more information, click here!
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I'm holding couple thousands, let's see this coin in mid 2018. Who knows, maybe $1 per coin gonna pop up?
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I'm a little skeptical of this coin going up much because of the large number of them (over 28 billion). I do have 11000 of them tucked away though.
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it's doing pretty badly now. at about 2.5uB.
thanks for everyone's feedback.
Unless anything new develops I'm going to wait for a pump and look to sell around 2cents which I'm sure will happen by next summer, probably before.
It seems there are far more exciting things taking people's attention and money for now.
Hodl mode activate!
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I've been buying this recent dip, but I would also like to see a little bounce back. At least an established floor. Thanks for the post, you got my upvote and follow :)
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Storj had a big pump last night, up 124%
Maybe SIA is next?? a lot of tokens are pumping like crazy along with BTC.
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lots of good feedback so far, thanks!
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