SiaCoin To The MooN!! - CryptoVerse!
Let’s Talk About Sia…
Sia is a company that is setting out to revolutionize data storage by utilizing the blockchain and others extra memory to their advantage.
Siacoin (SC) is planned to move to ASIC mining in 2018, so that means that the price of the coin will continue to grow. But other than that, how does their concept work?
SC ASIC Manufacturer
Sia, allows for the User of data and the Provider of data. You can essentially take your free space that you are not using and rent it out for coins, SiaCoins. If you let your computer go offline while hosting space, you will begin to get docked coins from your account. But what does this mean for the user?
Well, they made it fairly simple for you to switch between different providers, this way your info is not locked on one individuals drive so they can access your content. They are also trying to compete with big names such as Amazon, Microsoft (One Drive) and Dropbox.
Their idea and vision is that everyone owns their own data. With big corporations limiting your space or charging you to use the space they provide, this also gives them the ability to freeze and lock your backed up information whenever they see fit too.
Sia offers a wallet on their website, but with the recent hardfork it has caused some issues with the wallet. The wallet is used for the whole operation, you can store your data in the wallet, you can set up hosting through the wallet and you can hold your Sia Coin in the wallet. I would suggest getting some and waiting till they fix all of their bugs…I will follow their blogs and leave a post when I finally move my SC over to the wallet.
But buying now would be a huge move in the right direction…at the time of writing this post up the price of SiaCoin was at 65 Satoshi or $0.01 and growing. (Through Bittrex)...hold Hold HOLD!
Well that is it for SiaCoin(SC) today, be sure to click the link below to get free Siacoin by just watching videos!!
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This is an exciting subject. Can be a little complicated for the newbie.
Obviously, i have done my homework and learned about crypto, but i still do not feel ready to make predictions.
Tell me, what do you think will happen next year? A big, fat, ugly bubble pop up? A nice, soft, stability process? Which crypto coins do you think are better fit to survive on the long run?
I have to say long hold would be LTC, ETH, XLM, XRP and one of the marijuana coins, as the industry is growing steadily and will eventually adopt atleast one of these coins. LTC because that has been my pick since day one. ETH because of the amazing things that are happening on their blockchain. XLM and XRP because they are both doing pretty amazing things in payments and they are both under a dollar. Pick up about 2 to 3 thousand of each and let them ride for about a year. This bubble thing, I think that certain coins will go away and one of them being BTC. WHY? Because BTC has old technology built into it and other coins coming to the market right now threatening BTC are much more advanced. We might see BTC plummet and the coins do weird things but that wont be for another couple years or so. My Opinion
I have the same feeling about BTC. I dind't know XLM and XRP. I am very excited about Akasha, tough!
What would be your opinion on Steem as a currency in the future, and Petro?
Well I am about to go research Akasha and Petro....but steem I think is a fantastic idea...I just hope that it doesn't follow history. Remember the first big social media, MySpace. There is always someone out there that has improvement ideas, it only takes one person to pull the trigger on it.
is there any chance to hit $1.00 next year?
I think that once the ASIC machines are finally out to the public and this thing is getting mined 60 to 110 times as fast, that is when you will start to see it break away from 1 to 2 pennies and start venturing up around where XRP (Ripple) and XLM (Stellar) are right now ($0.25).
When they finally start competing on the market with their products and services is when you will start to see $1 to $5. This company has potential for sure!
I hope you’re right, I have a bit of Sia...
Keep collecting, it will rise in 2018!