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/biz/ - Business & Finance

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2712478 No.2712478 [Reply] [Original]

This shit is dead isn't it

>> No.2712487

actually they are working really hard on it, check theirs github

>> No.2712525

long hodl nigga

>> No.2712547

>>2712478
Sell as long as you can get out

>> No.2712554

Quit buying this coin if you're looking for a quick buck, it's a long term HODL... always has been

>> No.2712573

>>2712478

no, its quiet cos there's no shills pumping it atm and hasn't been much news lately, we're due for an update soon and so the price will start pumping back up. IMO buy while its in a lul right now.

>> No.2712577

So fucking jealous of the anons who are holing millions of this coin.

I have 180K that cost me like 100 bucks a while ago, but those motherfuckers who got in on the beginning and have obscene amounts of this coin are going to be life changing rich.

>> No.2712590

>>2712577
I have 7000 and I spend almost as much as you. Stop complaining

>> No.2712595

>>2712590

i have 100k and bought close to ATH
stop whining you faggots

>> No.2712675

No, its actually an amazing buy right now

>> No.2712680
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2712680

>>2712675
forgot the image

>> No.2712692

You guys fill me with hope. Haven't got too much in SIA but the gains would be nice.

>> No.2712698

Are people holding this hoping to reach $1?

>> No.2712709

A lot of things look "dead" the last few days.

ETH isn't doing so great either. Just wait a bit; eventually it'll go up.

>> No.2712720

Ya'll a bunch of crybabies.

The best I could afford to put into the pot was a mere $5 worth. And that was before the price started to drop.

Nothing to do here but sit on it and wait for its future.

>> No.2712732
File: 59 KB, 1440x926, received_10213834266595179.jpg [View same] [iqdb] [saucenao] [google]
2712732

>>2712680
Godzilla vs. King Ghidorah pattern spotted, straight out of the textbook. Buy in this second

>> No.2712744

>>2712732
is this actually a real pattern?

>> No.2712765

>>2712744
fck lol pajeet

>> No.2712775

>>2712744
Yeah, it's a classic strong growth signal

>> No.2712787

>>2712744
It's signaling a massive spike in the chart when Godzilla shoots his atomic breath upward

>> No.2712826

>>2712478
Put in $250 and forget about it for a year.

>> No.2712842
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2712842

>>2712826
More like put $250 in it and forget about it forever desu

>> No.2712848

>>2712732
wow never seen one so clear before, bought 100k!

>> No.2712849
File: 468 KB, 1401x649, sia roadmap.png [View same] [iqdb] [saucenao] [google]
2712849

>>2712842
This made me lol.
Bout to buy more sia

>> No.2712857

Patientory-tier shitcoin

The product is dogshit, with a cost comparable or greater than superior products, the only thing they have is >muh decentralization, which isn't a selling point for client-side encrypted storage

>> No.2712860
File: 144 KB, 719x385, Siacoin-SC-Cryptocurrency.jpg [View same] [iqdb] [saucenao] [google]
2712860

>>2712857
keep fudding faggot

>> No.2712862

>>2712857
>muh decentralization, which isn't a selling point for client-side encrypted storage
did you not see this season of silicon valley, it always works out in the end

>> No.2713717

If you go to Bittrex Order Book, you see more people selling than buying.
Is this a bad sign, or can it change any time?

>> No.2713840

>>2713717
It's bad. Same thing happened with Ripple.
It might go as low as 400 sat.

>> No.2714281

>>2713717
>>2713840
you realize whales manipulate that..

>> No.2714386

>>2712478
It's for long hold, if you don't mind the inflation.

>> No.2714447

sadly alot of whale manipilation going on, waiting for it to go back to 800 sat its still really undervalued

>> No.2715648

>>2714386

>Inflation

Which is insane, BTW.

It's not a healthy long hold. Will need some astronomic growth to mitigate this.

>> No.2715694

>>2715648
It's between 2 and 3 percent, dipshit.

>> No.2715712

Im day gambling with it, gr8 volume

I must learn with something

>> No.2715715

it already has half a billion market cap, dunno why ppl think it will still increase

>> No.2716214

>>2715715
Once this shit actually starts working, this cap is low. you have to tie up about 20k-100k coins to host, and you have to have a couple thousand to buy storage, this shit is
way undervalued.

>> No.2716296

AMNZ!!! 100KKKK

>> No.2716301

Hodling 98k coins right now. Feels good

>> No.2716875

>>2712577
I've spent over $3000 just to hold 225k of this shit, so shut you fucking mouth jackass.

I'll hold long.

>> No.2716890

>>2716875
why does it cost you money to hold sia

>> No.2716902

>>2716890
I bought it from a jew.

>> No.2717689

>>2716875
Just bought 200k, did I fuck up or should I have waited for Aug 1st

>> No.2718890
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2718890

>>2712478
holding 300 coins :( takes me 12h to mine 20 coins. JUST

>> No.2718908

>>2712478
i bought at 571

it's literally never ever going to hit that point again

I should've just sold at 559

I can't even break even on this garbage

sure, it'll go back up eventually, months from now. But what good is that? I'm fucked.

Everything I buy is going down. They aren't even remotely similar coins. I'm just holding like a fucking retard, but it doesn't work anymore. It just keeps going down.

This is a fucking bear market.

>> No.2718927

>>2718908
what's with that spacing?

>> No.2718939

>>2718908
That's why it's called a long term hodl bruv if you wanted to short should've bought ark

>> No.2719012

>>2718939
the more I'm on here the more I see a pattern. When things don't go up, people just slap "long term hodl" onto it; I feel like everyone is just compensating.

90% of us are not in any of these coins for "long term holds". People just say that when their garbage just keeps going down...

and who said this was a long term hold? just a few weeks ago everyone was screaming 1k sia. now it can barely hit 500 sats.

>> No.2719024

>>2719012
Don't bitch because you bought at ATH like a retard and expect huge returns on everything dipshit

>> No.2719035

>>2719024
I said I bought at 571....how is that even close to an ATH..?

do you even know what ATH means...?

>Expect huge returns

isn't that what we're all here for...? I feel like you're also just losing money like me and you're just pretending everything is fine by being willfully ignorant.

>> No.2719045

Just let it die.

>> No.2719096

>paying for storage on someones seagate that will fail
Have people unironically actually been investing in this? Holy shit.

>> No.2719130

Mining til i have 2k to use to try out their software then switching to something else

>> No.2719169

>>2718908
I bought at 575.
It'll eventually recover, but.... I don't think it's going to happen this month or even next... too many happenings regarding BTC.

>> No.2719170

>>2712720
wtf you doing in this market with 5 dollars? seriously if your going to invest in literally anything,,, you need more than five whole fucking dollars you dumb ass dipshit broke ass mother fucker...just go buy a happy meal and gtfo

>> No.2719172

>>2712577
lol i threw a little money on it when it was at 16 satoshis and i have like 50 million SC. I'll probably cash out half of it around two years from now and just travel the world non stop for a few years with a few cool million USD

stay poor anons

>> No.2719183

>>2712857
just jump off a fucking cliff before your dumbass hurts someone

>> No.2719194

>>2719012
You're just now realizing this?

The "hold" meme is for the losers who got greedy. They're just waiting for the next batch of fools.

>> No.2719212
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2719212

>>2719194
holding is how you get rich

trust me anon

you find the tokens/coins with the best fundamentals

who the best team?
who the best ideas?
who the best long term outlook?

you cost average that shit for a while and you hold

of course if you're a retard you won't be able to tell shit and you'll just lose a bunch of money

but if you find the gems and hold you will be rewarded with mad gainz

you don't have to believe me, just check the charts for yourself

SC is a long hold, there is no question about it

get off /biz/ and throw your coins in cold storage

come back in 2 years

do this or stfu and lose all your money trying to day trade like a fucking retard

bye

>> No.2719217

>>2719012
most of these people are fucking retarded. don't try to help them. they wont learn and even if they do it actually hurts you in the long rum

>> No.2719243

>>2719012
You must be the same guy who bought eth at 1 usd and sold at 5, this is why you long hold. If a coin actually has decent support from companys and has a decent product you long hold it.

This is exactly the reason why you arent rich yet but still day trading to cover your losses from other coins.

Stay poor

>> No.2719256

>>2716214

no one is going to be arsed with all of that shit

>> No.2719551

>>2712478
I really think they dun goofed with the ASIC announcement. GPU mining of sia is gonna be history. Also the prices they're asking is very high.
Yeah, I am dropping these bags and jumping on the XVG rocket.

>> No.2720098

Every 10 Minutes 300K Sia is mined. This coin was never meant for HODLing

>> No.2721261

>>2712732
HAHA
Great man thanks for the tip I just bought 100k!

>> No.2721265

>>2720098
Delete this

>> No.2721765

>>2720098
Obelisk will kill SIA.

>> No.2721808

Ever since they first talked about the ASIC it's been all downhill. They deserve it, they don't know shit about PR or marketing and it shows. No other coin near their market cap is getting this sidetracked this early.

>> No.2721818

>>2720098
hush, don't destroy their delusions!

>> No.2721827

>>2719551
Sell low, buy high.

>> No.2721859

>>2719551
Don't you think sia wants GPU mining to end and everything is as they wised?

>> No.2721878

>>2721808
Not really. They hyped it up and people bought the hype and rumor. Then it went down at the same time as the entire crypto market went down.
This is fine.

>>2720098
Says you. Sia has the same inflation as bitcoin when it started. This isn't an issue. Just see the total supply of sia as 40 billion and stop panicing.

>> No.2721980

>>2721878
It is much lower now than it was before the rumor and it crashed more than most coins. The sales very Obelisk have been much smaller than they hoped.

>> No.2722295
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2722295

>>2712478

It's crashing fucking hard.

Who are we kidding? It was WAY overpriced in the first place.

Half a fucking billion dollars for some cloud storage software that barely works and a dev team struggling with acne?

Give your heads a shake.

In the world of venture capital, this would not even attract an angel investment of $250K.

>> No.2722759

>>2721980
Not really. They just wanted to go for the common people befpre going for VCs. They got 1k and it gives them enough capital to keep expanding. All is good. 10k was just the best case senario.

>> No.2722798

>>2722295
You're not factering the speculative worth, the product itself being decentralized and working. There is a reason why it is considered a safe long term investment. And if you didn't notice, everything went down. Look at the buy support on all the coins on polo.

>> No.2722824

>>2712478
Nice just bought 100k

>> No.2722838

>>2722798
>You're not factering the speculative worth

Are you kidding?

The so-called "value" that you see right now is 100% speculative. The developers have no formal revenue.

>> No.2722839

>>2722759
>In full honesty, the risk did not pay off. We didn't get the funding we needed, the project is dead in the water unless we find more funding. Extending the sale with a cap is our method of salvaging things.

>Wow, were we wrong. We're offering a full refund to anyone who wants one. We realize that by day 3 of the sale it was pretty clear that we weren't going to sell enough, and that some people may have dived in based on that assumption. But they didn't consider that we couldn't even complete the project without hitting a certain target.

>I don't know that we can 'make you whole' other than by offering a full refund, and guaranteeing a cap of 4,000, which is lower than even our lowest projections for the number of expected sales.

>Preselling an ASIC has been a nightmare, and we won't be doing it again.

>> No.2722905

>>2722759

Entering the retail space with some consumer electronic garbage has completely shaken any remaining confidence in the team.

This guy nails it:>>2722839

>> No.2722937

>>2722839
Where did you get this?

>> No.2722957

>>2722905
>ASIC
>electronics garbage
You lost all credence.

>> No.2722965

>>2722937
https://www.reddit.com/r/siacoin/comments/6li6wg/obelisk_presale_extended_with_cap/

>> No.2723032

>>2722957

Consumer electronics are all disposable garbage, yes.

>> No.2724014

>>2722965
I see. They were expecting more at once. It'll be fine.

>> No.2724042

>>2722965
should've just made sia an ico lmao

>> No.2724050

>>2724042
sia devs think ico are shit. They point to eth being shit.

>> No.2724109
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2724109

>>2712478
it should be, look at this shit. cant believe i even but the little amount i did into this shit.

>> No.2724133

>>2724109
Calm down, they overestimated their sales.

>> No.2724157

I don't care if Siacoin drops to 300 sats, I'll just buy more.

Siacoin will continue to grow over the years. There will be peaks and valleys. I am not selling anytime soon.

>> No.2724174

>>2724133
everytime i hear about this coin it's something along the line of
>x happened its no big deal they have a good team
because something bad happened, again. I'm not pulling out because i think it'll go up purely because everything will go up eventually that doesnt outright fail, but this coins a piece of shit and their devs are incompetent. some malnourished russian made a ridiculous sum of money while these people are struggling to keep their token at 0.02 usd

>> No.2724205
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2724205

hold they said, buy when it dips they said, ready for 1000 sat they said. Now they cry with me

>> No.2724211

>>2724205
No, "they" got out at 650

>> No.2724224

I just want to sell at break even, at 571 but this shit looks like it's going straight to fucking hell

I even made fun of their shitty asic announcement when it came out since noone likes asics then I fucking bought it because I thought it dipped

see you guys at 300 sats.

>> No.2724231

>>2724174
Or maybe everyone bought just the hype?
Everyone is freaking out over nothing, forgetting that everything went down and has not recovered.
It's no big deal because it's still fine, with people being idiots thinking it'll stay at over half a billion. Give it a year and it'll be fine. I personally don't give a fuck and I hope every single fucker that bought high hangs. I bought extremely low and I'm enjoying my gains all the way to the bank.

Nothing bad happened 'again'. They got overly ambitious, received lower sales than expected and are trying to find a solution. The market is down for everything and past august 1st when everyone is no longer anxious, the overall crypto market will go back up and so will sia.
You want a quick buck and are incapable of waiting.

>> No.2724250

>>2724231
>nothing bad happened
>they just made a huge mistake

>> No.2724267

>>2724250
They overestimated their sales, and are freaking out over initial investors not being the only ones to get their ASIC to mine by extending the sale period. They'll get 4k and it'll be fine.
Again, people are freaking out and bitching over nothing. So long as we don't go below 200, that's a success for me.

>> No.2724318

ITT
>hey goys Sia has an amazing team
>the dip is only temporary
>you should totally buy more SC
>hurr durr long term hodl

All of you fucks are delusional, what happens to your shitcoin once their asic miner comes out and every SC is worth 0 Sat due to the huge increase in supply and being completely useless. These sia fucks will literally sell you Tb's worth of harddrive space for less than pennies because nobody actually wants to use it.

Seriously, instead of working on their software, their big announcement was to shill their dumb asic miner. Can't believe how stupid you hodlers are. Also stop trying to convince yourselves that this will come back to 2 cents ever because it'll only come back to 0 SAT which is more than its actually worth.

>> No.2724326

>>2724318
See you next year when the FUD is dead.

>> No.2724335

>>2724326
There's not gonna be any FUD for a dead coin.

>> No.2724359

>>2724318
That's not how mining works, the only thing you are right about is it being stupid for them to sell an ASIC now (not even now, it's a presale).

They need to get it through their heads that their business is more than just the tech... you need good PR and marketing which they are AWFUL at. They were telling everyone before that they didn't need it and they don't need "daytraders" even though a lot of people, including me, were long holders. I sold at 803sat, I may buy back, but they have to get their shit together.

>> No.2724361

>>2724318
youre a fucking retard if you think the asic miner is a bad thing long term.

>> No.2724368

>>2712744
Godzilla pattern typically means a knock down of all sell walls.

>> No.2724390

>>2724359
>stupid for them to sell an ASIC now
How so? They wanted to do it as soon as possible. Why wait another year or two?

>> No.2724412

>>2724390
You saw the thread, the dev even said it was a nightmare so far. I get you want your coin to do well but be real, it hasn't been good for Sia. I'm not try to spread FUD (it has a huge market cap so a post on 4chan means literally nothing.

>> No.2724421

I'm really sad I bought this shitcoin

hopefully this is the end of the 3 drives down...

>> No.2724437

>>2724412
>I'm not try to spread FUD (it has a huge market cap so a post on 4chan means literally nothing.

>all FUD on here ever

>> No.2724440

>>2724412
It's a nightmare that they didn't get what they wanted, but it's the whole sky falling bullshit apocalypse FUD that's just annoying. It's not as bad as people are saying, and the coin is still doing fine. Not billion $ only green as everything in the market is fucked, but still ok. But no, people want miracles. It's just a under performing expectation that went bad, not the end of the world.
To me, it'll all alright, could be better obviously, but it's not that bad.

>> No.2724458

>>2724440
>they just showed incompentence and that they couldnt even accurately measure sales or plan a back up for the biggest move their company has made
>not that bad

>> No.2724470

>>2724458
Incorrectly estimating a product is not incompetence, it's simply overestimation. The idea is good, the concept is good, they just don't have the overall sells to get it atm but will get it at their lowest expectations. I see it more as an unfortunate disappointment. At no point can is be seen as bad or incompetence. But sure, go ahead and FUD. I'll see you in three years when you were crying over nothing and I'll be a multi millionaire.

>> No.2724478

>bought 2k today as my first shitcoin
>it keeps tanking
fug

>> No.2724500

>>2724470
>incorrectly estimating the flow of the most well established currency into your pockets isnt a sign of incompetence when creating a currency of your own
oh wow.

>> No.2724517

>>2724470
No, the deadline fucked me over because I liquidated altcoins at a loss to buy 2 units because I didn't expect them to extend it. People make financial decisions based on the terms given. It's not FUD to complain about terms being suddenly changed.

>> No.2724541

>>2724517
Yeah, that's actually understandable and you're possible the only one here that has a reason to be displeased. That's what the nightmare issue they have and why they're open to refund. It really sucks that they had to change the terms because of low sales expectations. It's a bad step, for sure, but it's not a 'OH MY GOD THE COIN IS RUINED SELL SELL SELL' when everything else in crypto is feeling weak.
Were you that guy on reddit that said the same thing?

>> No.2724551

>>2724478
cut ur loss for now. its what i did

>> No.2724568

>>2724551
nah

>> No.2724588

>>2724568
SELL SELL, LOSE MONEY!
OTHERS DID IT!

>> No.2724619

what about filecoin? from the ipfs guys, why would you go with sia coin when something like that's about to come out?

theres clearly going to be one big winner for file storage coins, because youre not going to be able to/want to split your hard drive between multiple.

>> No.2724636

>>2724619
Filecoin is dead. ipfs is about files not data (or is it the other way around?).
Sia is simply the only coin in that market. There's storjx but since they've decided to become centralized, the sia devs don't even consider them competition anymore.

>> No.2724646

>>2724619
In 2 weeks somebody will release THE one file system coin that unifies all other file system coins anyway. There'll be a 200MM Swiss bank ICO, then nobody will care about it again.

>> No.2724689

>>2724636
filecoin hasnt even launched yet, and i would consider them better developers than siacoin just based on their past endeavours. but i wouldn't buy any SC until ive at least seen what filecoin has to offer. something as small as SC is still far too easily replaced given no ones using it yet.

>> No.2724704

>>2724689
Meaning they're dead until proven otherwise. They have zero footprint anywhere.

>i would consider them better developers than siacoin just based on their past endeavours
Sure buddy. Wake me up when they actually release something. Don't buy sia. See if I care.
>oh man, just you watch I won't buy sia!

>> No.2724723

>>2724437
>thinking a post 4chan affects the price in any significant way

>>2724440
Just a few weeks before this they were having all sorts of wallet issues. Honestly they have a good dev team but they have some pretty glaring problems which is why the price has almost been cut in half. They still have a good upside in the future, but you have to be honest about the problems they do have.

>> No.2724736

>>2724723
>this they were having all sorts of wallet issues
Which are fixed.

>> No.2724745

idk about any sia news but the charts sure don't look great anymore. starting to look like dgb did

>> No.2724773

>>2724736
You sound like a homer for a sports team, is it possible for Sia to anything wrong in your mind?

>> No.2724775

>>2724773
>is it possible for Sia to anything wrong in your mind?
Nope. I'm all in sia.
Right now the whole crypto economy is terrible.

>> No.2724782

its been in a downward trend since 6/20. Its been taking a beating i think this is a good entry point. i just put .8 btc into sia.

>> No.2724785

>>2724704
they released ipfs, thats the point. theyre also pretty well known developers unlike a few generic randos that launch a cryptocurrency. personally i dont think any of these file coins are going to get any traction, given how people dont actually need cloud storage much anymore these days, just like people dont own movie collections or music collections anymore. the average user wont need any of these coins, so i'm not betting on any of them for profits, i'm thinking trustability and reliability for actual use.

>> No.2724804

>>2724785
Like I said, wake me up when they actually do something and don't appear dead.

>> No.2724842

>>2724804
if you are doing this trying to make money, realize its not sound to jump onto something just because it has first mover advantage. it certianly won't mean anything to the end users.

>> No.2724861

>>2724842
>try to make some money
Dude, I rolling in a million $ with sia. I'm good with making money.

>> No.2724884

>>2724861
that pump must have been good for you, but after a 200x rise and 40x pump and dump i wouldn't keep anything close to a million in a coin with such a strong downtrend, lost developers and no product.

you might think youre good with making money but it sounds more like you got lucky with SC and are clinging onto it because youre now down from the peak. i would have cut my paper losses two weeks ago.

>> No.2724894

>>2724884
Which is why I'll see you in three years.

>> No.2724905

Looks like it's going down to ~300 sat.
Shitcoin indeed, losing more than 50% in value...
MAID appears to be a better investment, I'm going to sell SIA off as soon as it recovers to 500 sat.

>> No.2724912

>>2724905
>MAID
They have eyes bigger than the stomach.

>> No.2724914

>>2724894
you should be hoping it doesnt take three years or theyre going to have their lunch eaten by even more competitors

>>2724905
sia's not a shitcoin just because the price is going down, shitcoin generally means a pointless coin that solves nothing or an ico/premine/presold coin

>> No.2724923

>>2724914
>lunch eaten by even more competitors
Unlikely. Within 3 years, they'll have the entire market broken.

>> No.2724924

I dumped sia. It has possibilities but now it just screams financial issues.

They sold 1000 miners and needed 2000 at the minimum. Reading their posts on reddit it just seems they don't know what to do. They expected to sell 20000 of the things in the pre-sale for fucks sake.

But for those willing to hold 3 years you have my respect and I wish you the best.

>> No.2724930

>>2724924
Overestimating sales is not a sign of their incompetency on the coding end. But you dumped so who cares.

>> No.2724931

>>2724923
lets hope they dont run out of money before they release something then, it doesnt sound like they really know what theyre doing.

>> No.2724961

>>2724930
No matter how good your product is it means shit if they have 0 funds. They even said they have no money for much further development.

>> No.2724966

>>2724931
They do. An ASIC is good for the future. They just overestimated the sales. I've yet to see any arguments for them not knowing what they're doing other than this overestimation.

>> No.2724982

>>2724961
Further development for the ASIC, not sia in general.

>> No.2724989

I believe in sia, mine it, and want to get started with a nas USB with some externals and I was hoping that once their miner is released I could shift towards providing storage for some passive income. The miner is a good thing long term for the concept but fuck me why is everyone freaking about them under selling a miner which is only semi-related to sia?

>> No.2725010

>>2724989
>fuck me why is everyone freaking about them under selling a miner which is only semi-related to sia?
Because FUD and people are stupid.

>> No.2725032

>>2725010
you cant just keep shouting FUD at anything negative about your special coin. its not like everyone that sees its faults has a short position, and as you said, where's the competition? hardly a coin worthy of any FUD right now.

>> No.2725040

>>2725032
Sure I can, until you tell me other than the overestimation is making the devs incompetent.
>competition
It used to be storj but they went centralized.

>> No.2725070

>>2725010
Their transparency and strong grassroots community separates fudders from the true believers but this is an investment and not something to be emotionally invested in

>> No.2725075

>>2725040
overestimation isnt as much of an issue as them trying to get into hardware which is doomed to failure for a coin as niche as sia, and thats something they should have known.

>> No.2725078

>>2725075
Mistakes etc.
It's not worth crying the apocalypse that the devs are incompetent.

>> No.2725082

I expect it to settle around 300 sats a pop

>> No.2725086

>decided to buy some at 470 sats
>it's already down to 430

JUST

>> No.2725109

>>2725078
i never said they were incompetent, or cried about anything, i just wouldn't have any significant money invested in something so uncertain, both in niche and implementation.

>> No.2725112

>>2725082
>>2725086
Its gonna drop below 200 sats

>> No.2725116

>>2725109
Not you, just the thread in general.

>> No.2725256

>>2719096
> What is erasure coding across 50 hosts

>>2712857
Except the cost is currently a lot lower and likely to stay that way. Storage that couldn't previously be monetised is being sold

>> No.2725309

>>2722965
>>2724042
That's only for the obelisk thing though. Which is a waste of their time and a good thing it failed. Hopefully they learnt a lesson. The only better thing would if they scrapped it completely and refunded everybody.

>> No.2725357

>>2725256
i assume they will auto-replicate if one of those 50 goes down even if the user that uploaded the files is not connected to the network?

>> No.2725547

Can't believe this shitter just lost 50% from it's high

>> No.2725566

The lead developer of storj just up and quit, saying he would be interested in joining the sia project
Maybe there's some hope?

>> No.2725582

>>2725566
hopefully they dont take him, awful pr to get on board with quitter devs like that.

>> No.2725831

>>2725566
>The lead developer of storj just up and quit
I thought he was just no longer the CEO?

>> No.2726118

You FUDers are funny. I bought a whole bunch @ 495 and might buy some more now. I must say I'm proud of myself, 2 months ago I would panic sell with a loss.

>> No.2726130

>>2726118
2-3 months ago was the start of the greatest bull run in history lol...

this market has been bear for the last month

>> No.2726140

This is normal for crypto: loss of 70% after ganes of hundreds percent are typically. So stay tuned for the 200. After this the loss is over. And then it's accumulating long time until it's mooning again. In one or two years from now.

>> No.2726145

>>2726130
Nigga, we're in a bull market since January, where the fuck do you live?

>> No.2726160

>>2725010
No it shows their complete incompetence in business matters.

Coding is one thing but "overestimating" by one order of magnitude is a sign of sheer and utter incompetence from a business perspective. What else are they overestimating? Their sales?

I mean SIA faggots are selling a TERABYTE of storage for a month for 1 SC and no one cares, people are mining so fucking much in a day.

This company may have some super cool devs but they've entered the business world, and the SC as an investment and vehicle to make money is hyper inflated garbage and no normie corporation will ever adopt it.

Stop shilling this dead fucking coin and let the coders play with the nice code on their own, this shit has nothing to do with making money and I'd advise anyone NOT to buy this coin.

>> No.2726172

>>2726160
lol

>> No.2726183

>>2726118
>being proud of being a bagholder

>> No.2726190

>>2726160
I agree, all these retards think their coin will be worth more than 2 cents in the future except nobody wants to use it. Kinda pathetic how they will sell 1 Tb of space for a SINGLE siacoin, shows how desperate they are for usage.

>> No.2726212

>>2712698
You mean $10? Well, 10% at $10, then another 10% when it hits $100. The rest I'll Hodl for a few years.

>> No.2726222

>>2726190
It's more pathetic that people like you are coming out of the woodworks to bitch when the entire crpyto market is down. Sia will be worth much more within the next 2-3 years, and I'll be the one having the last laugh.

>> No.2726283
File: 140 KB, 1439x2220, SmartSelectImage_2017-07-07-06-04-07.png [View same] [iqdb] [saucenao] [google]
2726283

>>2726222

Hahahahahahaha. Keep being delusional . Also if you haven't noticed its only sia that has been crashing soo fucking hard. I mean look at this graph, if you have any semblance of thought, you can perfectly see this shitcoin is tanking much more than everything else in the market. More than likely by the time you reply it'll be below 400 sat. If not, then the next hour

>but but 2-3 years
>muh last laff

Keep selling me your storage space for pennies a month for the next 2-3 years then. I'll be sure to fill it will photos of SC going back to its original value of 0 sat.

>> No.2726295

>>2726222
Who's coming out of the woodworks? I frequent this board and post my opinion where I see fit.

Why are this going to be successful in 2-3 years?

>inb4 "The devs are super smart and working hard!!"

Which one of them has ever landed a deal in their life with a top10 corporation? Who's the businessman on the team? Who has experience LANDING DEALS and not writing code? In 2 years there will be 209m more coins mined in that time.

It's autistic pajeet coders like you that have no clue what the inside of a commercial bank board room looks like. Who have never done any business in their life other than build things and get paid for it. Even if the technology was the second coming of Christ, there's no business here, anyone who has a brain for business sees this ASIC fiasco as the straw that broke the camel's back, what a waste of time, when time is your most precious commodity.

>> No.2726336

>>2726295
Let him hold his bags for 2-3 years. I bet his dumbass bought into the obelisk meme too hoping to get rich.

>> No.2726343

>>2726222
Just went to their website, first thing under jobs:

Head of Business Operations

We're a team of engineers and looking for a head of business operations to lead our efforts in growing the number of enterprises using Sia."


Wow, it's like I took my previous post straight from their website. They are devs and engineers with no mind FOR BUSINESS. Think I'm wrong? Then why is it the FIRST THING they say they are looking for on their very own website???

Until this team gets an experience shoot from the hip businessman that is an absolute savage and is gonna land a partnership with Amazon, this project is dead. It's nerds pontificating with other nerds.

>> No.2726353

>>2712577
Think of all that storage space they can buy

>> No.2726359

>>2719172
Fucking jelly m8, just started two weeks ago and I see a lot of potential in this coin. Here I am with my 6,858.0 Sc still feeling pretty comfy though. And I bought at ~700 sats.

>> No.2726362

>>2726359
Nice 6,858 coins. People are mining that in a fucking day.

>> No.2726379

>>2726295
>Why are this going to be successful in 2-3 years?
The network will be complete in every way by then to the point where they'll be better than anyone else on the market technology wise.

https://trello.com/b/Io1dDyuI/sia-public-roadmap

>In 2 years there will be 209m more coins mined in that time.
Inflation isn't an issue.

>> No.2726382

>>2726359
Wow your a bigger idiot for holding siacoin. You do know how much the asic miner can do nearly 100TH right? What happens to the value of your shitcoin then?

>> No.2726391

>>2726222
I'm sure David Vorick is a nice guy and all, and pretty smart. But he is running a business now, and according to his linkedin profile he has ZERO experience running a business.

90% of business fail in first couple years. I've failed with more businesses than people have even dreamed of starting. Why does this super coder nerd have a shot of making it in business?

>inb4 Zuckerberg & Elon Musk

Those guys are absolute savages, Zuckerberg fucking stole facebook what a savage. Elon Musk is a sociopathic savage businessman. This kid David didn't even do an ICO because he didn't want to associate himself with scams and deal with SEC trouble (translation: HE DIDN'T WANT FREE MONEY FOR FREE BECAUSE It's WRONG WAAAH) He didn't even take FREE money to start his business?? Who are the fucking lawyers on the team? I can't find them anywhere?

>> No.2726408

>>2726391
Sounds like someone doesn't have vision.

>> No.2726410

>>2726379
The absolute BEST case for this coin, and I sincerely hope one of the people on the team reads this, is to sell out as soon as possible to Amazon or Google, because they can't fucking compete and never will be able to.

>> No.2726424

>>2726410
You don't understand. Sia is decentralized. The devs do not control the network. There is nothing 'to sell' or for Amazon or Google to buy.
>never will
We'll see about that.

>> No.2726427

>>2726408
LOL, even a blind person could see there is no business talent on the team and even if the tech is the second coming of Christ, there is no shot, they will be eaten by sharks. Who's their IP lawyer? How will they ever have the funds when a big boy comes and takes their toy?

>> No.2726437

>>2726427
You can't be eaten in a decentralized market.

>> No.2726474

>>2726424
I understand that their product is worthless at the moment and absolutely no big corporation is ever going to adopt their storage method based on unfamiliarity ALONE, they are a team of engineer nerds that have never done business in their life. They probably hate socializing and enjoy coding. They have most likely never worn a suit everyday for an entire year. They don't take the obvious free money in the market just to help themselves get started.

>>2726437
Amazon released their decentralized storage solutions. At half the cost of our normal storage product! If you don't like keeping your data completely safe with us, you can go cheaper and store it in our decentralized network!

(Normies don't have to understand that decentralized is still safe. All it takes is one fucking board room meeting for the top cloud data storage salesman at IBM or AMZ to LIE to their customers and tell them that decentralized is NOT SAFE, that's it, they're done!)

>> No.2726476

>>2726424
>>2726437
>muh decentralization

Do you even know what shit you're spewing? Just saying decentralization doesn't lead to wide market adoption. The common goy isn't going to start using this shitcoin unless it has huge backing from large companies.

>> No.2726501

>>2726474
>Amazon released their decentralized storage solutions. At half the cost of our normal storage product
lol sure they did.

>>2726476
>Just saying decentralization doesn't lead to wide market adoption.
It will once you understand that decentralization means your data can never be hacked.

>The common goy isn't going to start using this shitcoin unless it has huge backing from large companies.
Oh of course, but that's not another 2-3 years.

>> No.2726693
File: 10 KB, 200x200, Vorick.jpg [View same] [iqdb] [saucenao] [google]
2726693

>>2726501
You don't get it, that's all Amazon would HAVE to do to squash this.


I'll say this one more time for your pea brain.
Groundbreaking technology is not the same as Savage business.
What you're looking at is the CEO's LinkedIN picture (he only has 160 connections mind you.). Why is there a fucking filter?? Why is he a cartoon? Why is it not a head shot of him wearing a suit taken by a professional fucking photographer? WHY IS SIA LOOKING FOR A HEAD OF BUSINESS OPERATIONS????

Does this look like a picture of a CEO with vision and balls, and entrepreneurial spirit? No. It looks like a fucking coder nerd, because that's just what he is. What he has designed is truly beautiful, I'll give him that at least. He is a hell of a developer. But he is not a businessman, and there are no businessmen on the team and soon enough like every other business that has no income stream they will be dead.

>> No.2726702

>>2726693
>wtf he looks like a smart kid instead of a smarmy kike

good to know

buying more now

>> No.2726750

>>2726693
>You don't get it, that's all Amazon would HAVE to do to squash this.
lol
>yeah man all Amazon needs to do is say bullshit
Hilarious.

>Groundbreaking technology is not the same as Savage business.
Except the way the internet was created in the first place.

>Why is there a fucking filter?? Why is he a cartoon? Why is it not a head shot of him wearing a suit taken by a professional fucking photographer? WHY IS SIA LOOKING FOR A HEAD OF BUSINESS OPERATIONS????
Someone drew that for an interview a year ago? Why are you freaking out over this stupidity?

You lack vision, only wanting a quick buck and psychopath destroying and owning everything.

>> No.2726988

>tfw when I bought at 600 sats

never gonna see that money again am i?

>> No.2727201

>>2726988
571 here

hope we get a dead cat bounce bro

this shit can't go down forever

>inb4 it goes down forever

>> No.2727228

30% of my portfolio is SC

>> No.2727245

>>2727228
30% of your portfolio is worthless then

>> No.2727249

buy at 350ish

>> No.2727265

>>2727245
What cause of some panic selling?
My hands aren't that weak.

>> No.2727279

holy fuck i didnt expect it to go below 400

>> No.2727288

>>2727265
all alts are panic selling

big money got out on monday-thursday and will rebuy at the lows this weekend

>> No.2727297

300 SATS HAHAHAHA GET FUCKING OWNEDDDD JUST FUG MY SHIT UP SENPAI HAHAHAH

>> No.2727320

Reminder to anyone holding SIA that you're a retard for holding SIA. Expect 100 sats

>> No.2727331

>>2727288
Just means it's a good time to buy more.
Buy the FUD, sell the FOMO

>> No.2727368

>>2727201
We're heading into oversold territory. so a bounce is possible

>> No.2727370

>>2727331
/biz/ rarely has very thought out explanations and analysis. What you can sense here is emotion of mania and the stillness of FUD. /biz/ gets so active when all the buys that should have been done are reaching their peak. You can feel the emotions of a normie trader here and utilize that info especially during western trading times

>> No.2727373

> bought 2.5mil at 40 sats
> sold them at 410, withdrew 6 BTC from polo, left 6 there
> fucked up some trades, remaining 6 became 3 BTC
> shorted ether til the 3 is back to 4.1
> now I can buy back the 1.25 mil SC that i didn't withdraw

Have fun panicking guys. Sia is a long-term hold.

>> No.2727395

the /biz/ poster with 80mil sc on suicide watch

>> No.2727413

>>2726750
>I lack vision

Elucidate me then man? What's the big vision? Where is their profit and income going to come from when their product is being sold for under a cent a month? Who are their prospective partners? Who are their prospective clients and markets?

I know some players in the data storage market and none of them have heard of this coin.

I live in Boston and go to the hardware meet ups, software meetups, VC meetups, commercial banking friends. There's no buzz in their own home city about them.

>Someone drew that for an interview a year ago? Why are you freaking out over this stupidity?

So it's stupid that I think looking professional is important? It's not stupid to have your professional LinkedIN picture be a year old cartoon??

I've never invested in SC nor will I ever, and I'm certainly not looking for a quick buck. I'm just analyzing REAL problems of this company and not basing perceived future success on "vision."

My point remains:
Who's the business man on the team?
Who is doing deals?
Who are their lawyers to help close the deals and contracts?
Who involved in the project is not an introverted developer?
When will they close their first corporate client?
Where is their income stream?

>> No.2727417

>>2727370
This

>> No.2728033
File: 28 KB, 500x628, frozo.jpg [View same] [iqdb] [saucenao] [google]
2728033

>>2727373
How long. Say an amount of time so I can come back to you then and laugh at you more then I am now.

>> No.2728069

>>2728033
In 18 months it will be above 1k.

>> No.2728771

>>2725078
This is why you dont take advice from /biz/
you have retards like this that wont even admit that it their investment might have been bad at all.

>> No.2728820

Where's that guy with like the 8 million Sia?

Did he kill himself?

>> No.2728864

>>2728069
someone out there probably just bought it based on this post is the sad thing

>> No.2728918

>>2728864
shit, was I not suppose to?

>> No.2728936

Magnificient, just bought 100k

>> No.2729033

>>2726359

When the ASIC miners come online they're gonna burn through that much Siacoin in 10 minutes.

>> No.2729055

>>2727395

What's even funnier is now if he even attempts to move a fraction of that, he will tank and depress the market for weeks. The volumes are shit, it's illiquid.

Sia was MASSIVELY overpriced. What we're seeing is a correction to a more proper valuation of around 120 SATs give or take.

>> No.2729059

>>2728820
Hopefully, losing 8 mil sia would actually deflate this shitcoin's value

>> No.2729089

>>2729033
That's not how mining works... the number of coins will stay the same (or even go down because of increased difficulty). The only thing that ASIC changes is who gets them (which is them instead of gpu miners).

>> No.2729411

Anyone giving their storage space to sia? How much coins do you make this way?

>> No.2729467
File: 14 KB, 1231x377, sia costs.png [View same] [iqdb] [saucenao] [google]
2729467

>>2729411
I have, about 150-200sc/month/tb
You can change it as often as you want, and the new contracts update instantly.
It actually is a very good system, the interface is a little rough.

A lot of bs fud in this thread, no one is renting a tb for 1 sc, the cheapest is like 50sc, and they are stupid. SIA gives you a hosting score based on a myriad of stuff ex. price you charge, online time, speed, etc.

Hosting is the bomb, sia doesn't require you to use your whole drive, only designate a folder and the amount of space you want to use. Very easy to set up!

>> No.2729513

Reminder that 70% of this shit is already owned by the devs

>> No.2729525

>>2729467
I'll definitely do this at some point then. Just slightly worried about leaving my pc running unsupervised because I spend 2-4 days away from home all the time. I'm a little paranoid about fire safety.

>> No.2729536

>>2729525
I understand, I run a plex server 24/7 and built a server for it. I actually have like 6tb free, but I only allocated 2tb to see how it goes. I may use the other 4tb pretty soon.

>> No.2729704

>>2729513
source? sia is neitheir premined nor an ICO

>> No.2729748

>>2729704
They are just spreading FUD like crazy about this coin.
I would assume they are trying to buy cheap or jealous, or just faggots