Post
Topic
Board Speculation (Altcoins)
Re: Siacoin Epic Monster Moon
by
CryptoManiacHen
on 10/05/2017, 04:16:20 UTC
Yeah good points. Stellar was just an example of inorganic price pumps, which isn't uncommon in crypto.

Here's my case for Sia being a winner this year.

1. Market cap of Sia growing with Altcoin market growth.  Siacoin's market cap in March 2016 was $1 million.  On January 1st, 2017, it was $5 million.   Today, it's about $60 million.  That's 12x growth in five months.  Similarly, the altcoin market has also grown explosively. Take Poloniex for example. Literally two weeks ago I saw that it's market cap overall was $250 million.  Today, just two weeks later, it's almost $1 billion.  Think about the amount of time it took from to go from zero to $250 million.  Poloniex has been out for years now.  To think, it's more than tripled in size in just two weeks.  This is good news for Sia.  There are a lot of eyes watching the altcoin space as BTC dominance declines.  Sia is a truly good project and clearly undervalued.  Look at how much crap is out there that is currently more expensive.

2.  The community, technical product, use case, cost, and roadmap.  These are all things in Sia's favor.  Decentralized cloud storage is a compelling use case.  Additionally, Sia claims their product will be 1/10th the cost of Amazon cloud, a nod to bottom line oriented business customers.  Further, Sia is really a backend platform providing the infrastructure that other platforms can build upon and focus their tech on the front end user.  Things like the future Netflix cloud or Dropbox can run on Sia's infrastructure.

It's just a no-brainer to get involved in this one.  A lot of investors are very touchy when their portfolios don't look pretty. Personally, I love it when Sia falls in price because I can buy even more for cheaper.  I think the June meeting comes at a great time in the altcoin market.  The technical achievements Sia will produce this year comes at a time when a lot of eyes are watching.  The confidence will be reflected in the rising value of Siacoin.