Let's talk about Bitcoins BG, We're doomed!!! The Sky is Falling!!!!!

[RKenshin]

$1.50 Sia would be pretty insane...

You're that confident?...

But yeah, it's hard to see how to get Sia from $.20 to $1.50-$2.00 with the road map that they have out now, but I'm fine with being optimistic.

$0.02* to $1.50-2.00, so that's upwards of a 10,000% increase.

It's definitely possible for Sia to hit that kind of price. If we take the total current market capitalization of Ripple at ~$92 billion and apply it to Sia, Ripples current price of $2.35 would be equivalent to Sia hitting $2.90. Ripple's surge is mostly on the proposed adoption of major banks, and if Sia had a similar partnership for storage it could certainly generate a similar amount of hype further down the road.

As far as it being realistic, I don't think so in the short-term. I could see Sia hitting 0.10 to 0.5 max within the next year, which is still a massive return, but not so sure about going above $1 in <5 years. The entire cloud storage market isn't even worth $100 billion yet, though it's growing at an exponential rate and is projected to pass $100 billion by 2020. Comparing a cryptocurrency's market capitalization with the revenue of an industry is a bit apples & oranges though, so who knows how it'll really shake out.

I'm behind the idea but was just listening to some talk about how STORJ is fairly similar and a bit further along in the tech. This was very recent and I haven't looked into it / haven't bought into the idea yet but figured you might be a good authority to discuss with.

Storj and Filecoin are it's main competitors, yes.

Filecoin doesn't have a working product yet and is the latest to the game, with nothing other than the ICO sale... so we'll ignore that one.

Storj is a solid competitor, with a more use-friendly and simple execution (currently). But, the underlying architecture is not as well-designed, the dev team is weaker and less transparent, the devs hold the majority of all coins produced (massive no-no, this is what suppressed Ripple for so long), and more... Rather than paraphrase, I'll refer to this guy's experience and write-up:
https://www.reddit.com/r/siacoin/com...storj_and_sia/

[RKenshin]

And how do these work? Are they integrated into your computer or are they completely stand-alone gpu computing machines that just need your power?

And sorry, but what kw/h is this calculated at? I know we live pretty close but RI is all fucked up with utilities.

Stand-alone machines that just need power.

This is at 19.6 kWh lol, fucking Rhode Island. At the 500w estimated power consumption, this works out to a cost of about $2.36/day.

EDIT: Note that they typically generate a lot of heat/noise, too.

[Zetanio]

Is the sky falling yet.

[Meph]

ok, so I just moved all my LTC from coinbase to binance and it seems it got converted into BTC for trading.
the question is; should I stay with BTC or just buy BNB for everything and use that for trading instead?

[Fondue]

holding a small amount of bnb keeps you from accumulating dust with their fees but i just do btc/alt trades

[archibaldcrane]

Ok, if Rkenshin and Sath are both sold on Sia, I suppose I'll make a Poloniex account...

[Daydreamer]

I finally managed to get poloniex working as well and dipped a good amount in. Time to hodl tight.

[archibaldcrane]

Just put all my coins in Cointracking so I can just look at one place.

Total value: $3509 - down 33% from when I started this whole thing. Worst...timing...ever.

I'm 45/35/20 ETH/SC/XVG now.

[BerenTebogo]

We all started at high BTC cuz we are dumbasses. Took me quite a bit of trading to get $5k worth of expensive coin back to break even for $14k BTC.

But it does show that it isn’t too hard to get some profits going even with mistakes

But Archi you REALLY need to diversify and go heavy in on XLM soon for long term

[archibaldcrane]

Feel like I kinda already missed the boat on XLM...

Sent from my SM-G930V using Tapatalk

[vagus]

Any recommendations for a wallet? Physical or app would be okay. Prefer app until I have more currency to hold.


Sent from my iPhone using Tapatalk

[Salodin]

Feel like I kinda already missed the boat on XLM...

Sent from my SM-G930V using Tapatalk

XRP and XLM BABY. To the moon!

Sent from my SAMSUNG-SM-G935A using Tapatalk

[octopus]

I use coinomi app on Android

[BerenTebogo]

Feel like I kinda already missed the boat on XLM...

Sent from my SM-G930V using Tapatalk

You haven't by a long shot. You really, really, really should get in. This is a very long term one where it's gonna jump 30% or so every 3 months maybe. This is essentially buying into XRP at $.40 with where XLM is right now, maybe even lower.

Either way you need to get in before the https://fairx.io/ announcement mid-January which is going to send XLM to the sky.

[TummieGaruda]

ADA is up. Appears that they will be supported on the Nano ledger in Jan which is huge for offline storage.

[Salodin]

I think Wraith was released.

Sent from my SAMSUNG-SM-G935A using Tapatalk

[archibaldcrane]

I think Wraith was released.

Sent from my SAMSUNG-SM-G935A using Tapatalk

Not that I can see, just another screenshot suggesting it's about to.

I just happened to check 10 minutes ago and quickly pulled my sell limit order just before it breeched 2900 ETH.

Sent from my SM-G930V using Tapatalk

[archibaldcrane]

And then dropped below of course, a lot of volatility in XVG right now.

Sent from my SM-G930V using Tapatalk

[archibaldcrane]

The classic "when to bail on a pump" conundrum.

In theory if Wraith tech actually matters it should be a relatively permanent increase but, ya know, I don't believe in tech lol

Sent from my SM-G930V using Tapatalk

[Fondue]

I sold around 1380, weak hands but still stronk gains

back all into xlm for the foreseeable future