Price prediction of SiaCoin in 2018?
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Just wonder if I can gather some thoughts of you all. Leave a comment below, and I am all ears.
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I'm not related to SIA in any ways. I have doubled my SIA coins holdings recently - pure speculation though :-)
The value has gone up a lot.. Seem to be related more to the general btc/alt-coin hype and not so much based on true value add in the SIA functionality or utilization, if you ask me.
No major announcement has been made on the product or it's future that would call for a rise as massive as we have seen it. We havne seen any exponential growth in either the provided storage or more importantly in the demand for it .. Please be aware, that the way Sia coins get mined ,there will always be a new supply of coins (as opposed to other coins where supply stops after x years) making it less ideal as a store of value...
The store of value was not the intention to have SIA coins. Their main role is to serve as a payment vehicle of micro payments for disk space in the network and the ecosystem we (hopefully) will see arsiing around it. That is also the main focus of the project - not so much to encourage speculation. For this type of coins with this purpose one would prefer to have a stable value agains other fiats, to have a predictable pricing model for any business building on the technology.
all of the above is my own thoughts..
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Keep in mind that each block of Sia coin mined reduces the reward so inflation goes down over time. Also, there is a slow but steady growth and a lot will depend on the adoption of Sia as a viable reliable back end which it is designed to be rather than a user friendly cloud storage alternative such as Storj. Today only 2% of the farming storage is being used so it could definitely use additional adopters to show it can be a reliable cloud storage backend alternative.
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Will siacoin ever reach $1 Usd,
If so , when ? What does the market cap have to be
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man, everything crypto is in a bubble - you don't have to be a financial expert to see it??
people have realized there is some thing here that goes up and the more it goes up the mor investors it attracts.SIA was invented for having a contaioner for the payments - NOT as a means of investment. Look at the graph for SIA coins - it was flat falt since the beginning only since march it has been exponential - for no reason related to the core SIA project at all... Please bear in mind that the underlying value of the SIA coins can only in a healty way come from utilization, demand and supply of storage and from good announcmenets from hte SIA folks, of which there has been none this exceptional in the period. ON the contrary, if the market now thinks SIA is the new gold, all liquidity can be soaked up in investment, just sitting there to wait for the bullbe to crack, not to buy and sell storage, eventually having the consequence that even less storage is being traded, and then SIA is a new bitcoin, that is not used for what it's liberators of the world though, but just as a digital gold bar
I'm as happy as yourself happy to see my amout of SIA go up in value, but I'd in fact rather have some more dynamics in the space and product development, since that was what got me going for the SIA comunity. An exponential SIA price does not do that any good IMO.
If the craze goes on like this you can hit a dollar soon, but i'd do horse betting if excitement is what you're after.
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It is a bubble in crypto coins pricing, but really siacoins needs to increase in price for the project to work. I don't get how to build a host for data storage and risk 54k siacoins to make 450 coins a month. ( mining you can mine thousands of coins in days.
now larsfloe, you saying that there is not limit in mining coins? sorry I'm new on this but my understanding was that there is a limit on the total of siacoins you can mine and there will be a time where there is no more coins to mine.
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SIA coins will always be mined.. In some years at a fixed and stable but lower than today speed.
Today there is no real busniess case for investing heavliy in storage equipment - not because the low value of the COIN, but because there is no demand.. it took me 2-3 months just to get 200GB rented out, and I have a stable host with quick access and attractive collateral.. Once the demand is there there will be a price point - that price point is competing with other services denominated in any fiat currency - thjat is the real comparison..there is around 2,3% of utilization of all space available, that menas there is a heavy excess of space that no one really are hiring at the current pricepoint - not because it is expensive - it is dead cheap, but because of lack of having it conumsed in an easy way...
Storing just a single file in the SIA net work still requre you buy coins (which is not so easy either), get the wallet and the client and kin of understand the tricky bit of alocations... all very nerdy, IMO.
Services around this need to come to a stage, where it will be the drop box or one drive of distributed storage on many platforms - that stage is relatively far away - look at the road map, but here is some good thinking put into it already.
