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/biz/ - Business & Finance

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2589607 No.2589607 [Reply] [Original]

RIP?

>> No.2589628
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2589628

>>2589607
>dev a currency
>decide to sell a product
>don't use your own currency
>w-wouldn't want to increase the v-value

>> No.2589630

>>2589607
If you wanted a quick buck, then yes

>> No.2589637

It does this literally every week. It'll drop to around 500, then later bounce up again

>> No.2589701
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2589701

Sia betrayed us.

>> No.2589710

so can somebody redpill me on this obeliisk thing?

is this still long term hodl or did they fuck us over?

>> No.2589737

>>2589710
enjoy getting dumped on by miners for days
>mine siacoin
>buy eth
living the dream

>> No.2589743

>>2589710
It is actually really good news. An asic miner for sia which is a big sign that they are serious about their project.
Unfortunately this is not a shitcoin which moons and shits itself over the span of 24 hours.
Ignore the price fluctuations and put a portion of your gains into “savings accounts“. XEM, ANT, SIA, XRP, ETH. The will yield you profit over the long term without worrying too much about your money

>> No.2589748

>>2589607
SIA is dead. What about StorJ??

>> No.2589759

Obelisk is not under Sia, it is a different entities under a company who employ Sia's developers.

>> No.2589770

>>2589759
aka
"hey sia, make sure u make that algorithm work for me ok bb or u don't get daddy's money fillin ur pocket, oh yea, tell me when you have news coming along so I can buy it all up, and then ill tell u when it's good to release the news ok? thanks heres your pay stub"

>> No.2589788
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2589788

>>2589710
>ASIC priced at $2,499 in BITCOINS to cover all costs of manufacturing and supply chain
>No payment will be made with Siacoins because there is a fear that there is not enough liquidity currently, that the price of each SC will rise rapidly during the purchase and fall sharply when the change to dollars is made to cover production costs.
If you were happily mining SC with a GPU they fucked you. If you were expecting a reasonably priced ASIC they fucked you. If you were holding SC they actually made decisions specifically to avoid the shitcoin you're hodling from increasing in value.

You've been fucked over unless you're in this for reasons other than profit, as >>2589743 appears to be.

>> No.2589798

>>2589788

so can they keep the price low longterm?
i made some comfy gains with this and was gonna hodl for a cpl of years

but not really sure whats going on right now

>> No.2589800

>>2589607
> Check price
> Still massively up since 6 months ago
> """died"""

>> No.2589892

>>2589798
... and those comfy gains will continue. They actually ensured this by doing what the other anon described as fucking you over. They sell the asics in btc rather than for sc, which means no P&D in the next few weeks but a steady rise at the speed of development. More companies should do that

>> No.2590221

oh my god

>> No.2590269

>>2589892

i dunno about you but Id prefer some meteoric gains

that theyre selling asics in btc doesnt really inspire me with confidence

gives the impression that they dont even trust their own shitcoin

>> No.2590565

>>2590269
Just because Sia doesn't moon when you want it to doesn't make it a shitcoin

>> No.2590571

>>2589637
delet this

>> No.2590580

>>2590269
Then go buy Stratis/Lbry credits
Hodl some Sia for the LR