Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Sia - Decentralized Storage
by
ZurbCash
on 29/10/2017, 07:50:49 UTC
As an investor it doesn't help me you know, if company is growing and me as investor is sinking. BTW what growth you are talking about? was it all about twitter/facebook/reddit? and some xyz joining the company Huh. How someone can justify company growth when price is sinking?

In the end it is all about the price.

Is not the growth of the "company" (Nebulous Inc, the company of the developers) what those graphs mentioned by the other user are talking about, but the organic growth of the Sia network. Price charts of coins are totally unrelated to the status of a network or project, and this is specially true for Sia, where the price can be going down but every other network health indicator goes in the opposite direction. Price charts only represent the mood of investors.

Wall Street investors don't make decisions based exclusively on the price charts: they check quarter reports, figures of internal growth, international expansion, operational milestones... Good investors will buy when everybody else is selling because the have access to more information. Crypto investors should be doing the same thing and get more information than just the price charts of the exchanges.

For whoever is interested in these other indicators about the Sia network, I own the website https://siastats.info . I am an independent developer not related to Nebulous. Check charts like active contracts, total contracts, transactions, used storage... all of them show a grow in the use of Sia and a healthy network. Check also the monthly community updates and tri-annual updates on the Sia official blog.

How is sia progressing, seems to have gorn very very quite. anyone know if the github is active or if they have one?

Just google "Sia GitHub" ad you'll find it. Quiet? Absolutely no. For instance, check this development report from yesterday https://www.reddit.com/r/siacoin/comments/78nr20/development_and_progress_update/

I get it. BTW if company is doing really that great Huh Then where is this "Street Investor" ? Why company has to make an announcement after day or 2?? saying they r doing good n bla bla "Top" members of company is also seeing it going down.

This is not the only coin that people mine it's the story of every coin. Look at the supply chart one year will generate 7-9b coins? What do you think will happen when all these new coins comes in market? I know company will progress right?