My Thoughts on Siacoin (SC)
7 years ago in #cryptocurrency by louisthomas (76)
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Louis, are you still bullish on OMG? It has not performed well against BTC over the last few months. Your thoughts? Thank you.
Have 100 of these, I guess I bought at too high a point a couple of months back, as the price is still somewhat below what I got in at!
I'm still holding my OMG. Haven't sold a single one :)
Thanks for replying, will hold then :)
@myfinanceteacher, @kingbrianboru, are you still holding OMG or settled at nice profit.
plz upvote me
ok
This is a classic crypto video. A random guy posts a video to you tube, speaks for a couple of minutes without making any insights or observations of value and then gets shared.......
So basically it’s got big competitors so it won’t succeed. If you use this logic then Amazon wouldn’t exist, nor would Apple, Microsoft, google, or any number of other successful ventures, including bitcoin itself. I don’t know if Sia will succeed or not, but I don’t think you do either.
Well, Louis is easy to listen to unlike other crypto bloggers. Listening to Suppoman on youtube is painful, even if you have your headphones turned well down ;)
I completely agree with you
The point I was trying to make in this video was that compared to ventures like Bitcoin, it's slightly easier to ascertain whether or not Siacoin will succeed because there's already an existing industry geared around storage where you have the likes of Apple and Google.
SC has a market cap of more than $100 million. Does the current number of users justify that price? Not in my opinion, no. So in that sense, I happen to personally believe it's overvalued. And as an investor you don't want to purchase something that's overvalued.
Is this better or worse than storj?
very nice post..could you plz upvote me?
Great project, bad coin. Siacoin adds millions of coins a week into circulation. There are now 31 BILLION SiaCoins out there. When I bought in a few months ago there were 29 BILLION. My mistake. The money is in SiaFund not SiaCoin. I've covered this in detail on a few posts if interested. To much liquidity in the coin for it to move. There also is no maximum to the amount of coins to be created.