SiacoinQ: When to buy Siacoin ?
A: Now it's only 0.03$ for coin.
Q: Why to buy Siacoin ?
A:The idea of Sia was originally conceived at HackMIT 2013. What if you could liberate the unused storage space of the world and unite it into a worldwide free market for data?
Sia leverages the capacity of blockchain technology to enable distributed networks to reach consensus in a secure and trustless way. Cryptographically secured smart contracts ensure the encryption and transfer of data with no possibility for a third party to interfere in any way.
Sia is a new approach to cloud storage platforms. Instead of all datacenters being owned and operated by a single company, Sia opens the floodgates and allows anyone to make money by renting out their hard drive. Data integrity is protected using redundancy and cryptography.
The promise of Sia is a decentralized network of datacenters that, taken together, comprise the world's fastest, cheapest, and most secure cloud storage platform. Today, being a major cloud storage player requires having datacenters, building trust within the market, reaching customers, and competing with giants such as Amazon, Google, and Microsoft.
Breaking into this market is a multi-billion dollar endeavor. The long term goal of Sia is to be the backbone storage layer of the Internet.
We believe data should be free. We aim to liberate the unused bits of the world and construct the largest storage superserver on the planet.
Q:How much can go Siacoin ?
A:n the following years can reach 1$.
Siacoin
Digibyte (DGB) : Bull Run Over For Now?This is the chart that no one wants to see, but the one you can't ignore.
My view on the recent impulse waves of DGB. Yes, it's sloppy, but when you have 1,000 usd swings with bitcoin you can't expect to have pretty Elliot wave sequences such as when you use the theory with traditional assets which is compared to a relatively stable currency like the USD or Euro.
Also, I'd like to point out that if you've been paying attention, this same sequence is playing out with numerous other alternate coins such as Siacoin, Ripple, Lumen, and the list goes on.
I hate being the bearer of bad news, but it may be time to take some profits and reenter at a lower price. OR there's always the option of holding through the storm which outperforms swing trading 90% when you're not the most experienced "trader".
I hope I'm wrong, but for now I think the action is over.
C leg of the correction waves may not go that deep either. Then, again it may go even deeper if we get a bull run from bitcoin.
ABC correction will be confirmed on a break below 615 sat.
I like DGB and I think 2018 will be a huge year for it so I'm definitely wanting to add to my long term position and the very best price which appears to be coming.
Trade Procedure:
Buy:
I'll be looking to reenter DGB at 540-575 sat.
Stop-Loss:
This trade is invalid at 734 sat.
Sell Targets will be assessed after buy.
As always Goodluck everyone!
Siacoin - 2 monthsHi all, thanks for clicking..
Siacoin is off with a good start! It made his way up from 0.00000050 to 0.00000297 on bittrex. Eventhough bittrex has problems with deposits and withdrawels it goes up:) Volume is good and hardfork is coming!
Add to this all a cup nd Handle.... and off we go! I dont expect growth like my XLM pattern from december 3rd (which was really close:)) But SiaCoin is a nice coin to hold for the next months.
SCBTC: Poloniex LongSiacoin is still investible, and will have a similar correlation to what it is having on Bittrex on the Poloniex exchange as well. This ofcourse, is likely up the six sigma accuracy. The potential for a long holding throughout this year seems almost inevitable for sustainable return, although it still has a medium risk. I personally though see some much bigger breakout potentials given the fact that their technology is fairly underrated. It is only a matter of time when they will start having more recognition or market acceptance for what they are doing with the cloud.
SC testing resistance ~230, bullish trend startingSiacoin on the 1D chart looks to be breaking out of a long bear market into a bull market. We've had the end to end cloud break, now riding above the cloud with a TK cross to bullish. The 4H chart seems to indicate the same, with entry points a few days ago around 160 satoshi with no exit signal yet.
Siacoin long term hold ! Retirement coinWhen siacoin 1st started to show life we saw days bewteen dec2 and dec5 where it showed signs of parabolic movement . Sense then the upward channel for siacoin has been formed. Siacoin has been a long state of downward channel so this is sign of life. Also with my idea of bitcoin being in its 5th wave the last time BTC did this in early june we saw alts rise with bitcoin which i believe will happen again. Siacoin being one of these coins for many reasons. Personally i firmly believe in Siacoin tech and i see a forseable future of partnerships or contracts with the biggest companies in the world today. So buying it at the USD price its at now 3 cents is a no brainer for long term hold.
Buy Sia Coin Sia coin has an interesting concept that is very underrated. This coin has a solid use-case and is not very well known.
BENCHMARK
Sia has a circulating supply of only 31bn while Ripple (XRP) has a supply of 100bn.
The supply of SC is significantly less than XRP and yet the price is far lower. Obviously, this can be explained by the maturity of XRP through the Ripple team development and the differing use-cases. However, SC is only 3c, while XRP is pushing $3.00.
I can see SC reach a price of at least 20c in the near future, just like the initial rally of XRP in early 2017.
I have just purchased 738k SC at 29.6c that is within the small blue box on the chart. This trade will likely experience some draw-down, especially while completing the symmetrical triangle pattern. However, I am willing to hold this until it reaches the desired target price of 20c.