Quote from: McWorse on July 02, 2017, 01:53:25 PM

Quote from: n691309 on July 02, 2017, 01:20:18 PM

Quote from: boranes on July 02, 2017, 12:57:00 PM

Quote from: xmaskit on July 02, 2017, 12:53:47 PM

Do you know any reasons why SC price keep going down? Is it good for long-term investment? I like this project but about SC coin, I feel doubting about its future

Panic selling maybe?
I don't know, it seems they are too cheap now, i think it is time to buy some siacoin and sell them later.

I invested in SiaCoin when the price was at @750 now the price is below @500 which hurts me a lot saying the truth, I believe that siacoin will rise later this month (because I invested Tongue

) but the price started to get dumped from Day 1 when "they" introduced the Asics, maybe they are mining now and dumping the price?

Loosing 1/3 of the investment hurts for sure. But you bought on a very, very high level, and maybe this was the right lesson to learn for you, not buying on peaks again, not buying after a x25 rise ...

In my opinion, SC will recover and rise further on. Decentralized storage will be the future for everyone, who won't give his private data into the hands of big, non transparent companies. And Sia is the best competitor on the market by now, with a trustworthy team of developers. The asic will be delivered in march 2018 - as far as I know. So noone is able to mine SCs with it now. I think that the actual drop is a consequence of cashing out profits from the last month, combined with panic sells of the ones which came in too late, combined with a subliminal feeling of uncertainty.
I can't - and I won't - advise anything to others.
But if I where in your position, I would hold the coins.
Thank you so much! I just bough the price around 550. I think I will hold it for long time. Thanks!

xmaskit

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