Siacoin is below 0.00000500 BTC on 2nd July 2017.
It is moving below its 50 days moving average and has good support around 0.00000480 - 0.00000500 BTC.
Siacoin has good fundamentals. It could be a good opportunity for those who are looking to buy Siacoin at a cheaper price for the long term.
Disclaimer: Please don't consider it as a buy call without doing proper research at your end. Remember investment in cryptocurrencies could be very risky.
Happy Investing!
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I like your analysis. I have a little bit of Siacoin and plan to on to it.
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I am holding some coins too.
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I am really interested in Siacoin because it is tied to providing a real world solution. However, when reading into this coin I discovered that there are some serious problems with usability. This mostly concerns the fact that loading up the software until the point that the user can obtain a price of storing files (a 'contract') can take up to 45 minutes. Guys, I am getting annoyed at my computer already when not responding in 1 second. So I find this a very serious concern.
2nd, I have asked around and read through the documentation on the Siacoin website/wiki, but could not find anywhere how the pricing is established. Is this a free market based on supply/demand or a fixed amount of tokens or what? Without understanding this, it is impossible to get a feeling on who price will develop should the use of Siacoin spread over time.
3rd, all 'payments' will be done in Siacoin. I do not see an option to pay in other cryptocurrency (like Bitcoin). This makes the process for an average user more complicated:
instead of:
I am not sure whether support for other cryptocurrencies is being considered.
All in all, Siacoin holds big promises, but it is not there yet for me to invest in it. This may be reflected in the current low prices.
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Good point wekkel. AFAIK, pricing is demand/supply based. You can ask these questions to Sia team at slack or forum. I am sure many of us want to know the answers.
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nice post
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Thanks roky
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Siacoin is slowly creeping into to the top half of the crypto 24hour volume , anything that is in the top half of the chart is a good bet , and people pumping $ into it at the moment to the only is UP
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