Post
Topic
Board Altcoin Discussion
Re: Market recovering?
by
zikabra
on 18/01/2018, 19:25:11 UTC
Literally whole market crashed.
All reds everywhere but I see only Siacoin is green.
Why is it green? Panic is everywhere and sia actually increased its value. Is it first sign that panic sell will end very soon? Is it time to buy?
I see just 2 reasons whu sia is green (actually the price went down but not so hard)
First of all, it's because of the project itself. It has strong team and the idea which can be useful in future. and this idea is achievable. And the second reason is its price. it is too small, so people start selling it if they have several tens of thousands of coins. all the rest is a trifle, and this can be waited
But your first reason doesn't make sense because other altcoins(including ethereum and bitcoin) have strong team and can be useful in future. When coins like these are dropping and everything else is dropping it mean people are cashing out everything doesn't make sense to cash out everything and buy just one.
Back to topic, everything is all green today, was sia really a sign?