SiaCoin Analysis

POLONIEX:SCBTC   Siacoin / Bitcoin
Siacoin has been on a steady down trend for a long time; which means it could be time for a reversal as evident from the charts. Buying in now and riding up the wave of new buyers would be advisable, more of a long term coin. Watching for new news would be more beneficial to predict its future as a rising coin. There is no sell goal for "small coins" as the goal is to buy early and sell late.

A very interesting business model:
"Sia stores tiny pieces of your files on dozens of nodes across the globe. This eliminates any single point of failure and ensures highest possible uptime, on par with other cloud storage providers."

Makes for very cheap cloud storage!
Komen: Siacoin breaking out
@thomas58700 could you revisit the charts of Sia and share your thoughts?
$1 SCUSD by the end of 2018.
Buy as much as you can.... :-)
Siacoin (SIA) will Hard Fork - Expected to be around end of Jan 2018
+1 Balas
what is short term target?
@firefox_pc, Hard to say with small coins such as this, I would wait until another drop since it is already heading up; needs to fall before a reliable buy-in
+2 Balas
firefox_pc thomas58700
@thomas58700, i brought at 255
Thanks for your analysis! Im in SC and it's been rising steadily the last days. But why do you think it can't go down at some point, like it did in late June? I'm new to these markets and don't understand why most altcoins went up massively in spring, then went down, and now again up in December. If anyone would care to explain I'd be grateful!
@jin79, There is always a possibility it can go down, but these coins tend to spring back up. It is an interesting coin and you should be more invested in researching news and updates rather than reading charts that have just shot up.
jin79 thomas58700
@thomas58700, thanks! But why did almost all altcoins go up and then down again in spring? Even bad/useless coins I guess...
@jin79, This is how the coins breathe. They have a flow. They all get pumped and dropped. The manner in which they will probably get pumped and how hard they crash can be found during the previous cycles.
+1 Balas
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