Why I'm Investing 1k Into Sia

ScribScribScrib

ScribScribScrib

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Never gambled on coins before, just wanna have some fun and see what the fuss is all about.

On a scale from 1 to 10 where 1 is a cup of coffee and 10 a million dollars I would say 1k $ represents about a 6 on that scale, meaning that it would hurt my wallet but I don't really mind losing them as I have Money saved up.

Not affiliated with sia in any way or anything, don't bet money you can't afford to lose.

Reasons why

-Offers very cheap cloud storing making it a contender to Amazon, Google...

-Isn't that mainstream as of yet, so not much traction going on.

-Decentralized file storaging, meaning that it would be much harder to breach your privacy.

-It looks like crap now tbh as it isn't fully finished, but it has A LOT of potential.

-has a decent chance to be picked up by popular coin trading apps, some lesser known Companies have already shown interest https://i.redd.it/qiba82pupb3z.png

I will opt out once it doubles in value.

Good luck to anyone that decides to follow in my footsteps or has already invested in Sia :)
 
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I bought into ETH at $175 (just 1 coin), then I bought into LTC at about $28-30 over the course of a couple days (12 coins) and I bought 500 XRP at $.26. We'll see how it goes. I bought into the coins that had the most corporate backing simply because I believe governments want people using blockchain, so I felt the ones with the most corporate money behind them have the best chance of succeeding. I think this will eventually be the future of money, so hopefully I picked a winner. Kicking myself for not picking up more ETH, but hindsight is 20/20.
 
I have bought some ETH some days ago and hoping that its price will be more high in next few months.
 
Must admit I wish I knew more about cryptocurrency. I have a couple of grand that I could throw at one of these, but I really have no idea what it's all about o_O

I do remember reading about bitcoin back when it first took off, but I dismissed it as I didn't think we were ready for digital currencies, and now all I see on Facebook are headlines claiming that Ethereum is about to explode similiar to how Bitcoin did, but I still don't understand any of it so I cant invest :(

I'll probably regret it, but think I'll stick to good old fashioned paper money and my Visa since it allows me to pay the bills :D Definitely wishing you all the best though, I'm interested to see where cryptocurrencies go in the future.
 
I have a couple hundred thousand SIA coin. Bought when it was around 300sat and will sell when reaching $0.5.
 
Currently hodling some ETH myself.

I missed the first yacht, but I won't miss the life raft!
 
I love cheap coins, coins that i know nothing about...coins with a potential of x40 growth. I buy throw away the wallets and secrets keys for 5 years. InshaAllah... i will open that box after 5 years and see what exist
Im taking some thousands SIA and golem to add to my firepower.... and this coin has 14 B market cap
 
Bedbug said:
I love cheap coins, coins that i know nothing about...coins with a potential of x40 growth. I buy throw away the wallets and secrets keys for 5 years. InshaAllah... i will open that box after 5 years and see what exist
Im taking some thousands SIA and golem to add to my firepower.... and this coin has 14 B market cap
Click to expand...
I would love to have that kind of money to throw around lol.

The phrase "rich get richer" is a real one. When you can set aside 10k and leave it to potentially grow for a few years, you're going to make some money.
 
Bedbug said:
I love cheap coins, coins that i know nothing about...coins with a potential of x40 growth. I buy throw away the wallets and secrets keys for 5 years. InshaAllah... i will open that box after 5 years and see what exist
Im taking some thousands SIA and golem to add to my firepower.... and this coin has 14 B market cap
Click to expand...
Golem has a bright future, I bought some. I think Aragon is good too...
 
I will mine em myself, The block is still so easy might aswell use 20% of gpu power for that.
 
Actually I did some research. And based on how the market works I dont think this will hit high at all. It has to stay low for the storage to even work. If the prices go way up than the storage solution would not be competitive. Ofcourse this is still prediction.
 
Defeatenonce said:
Actually I did some research. And based on how the market works I dont think this will hit high at all. It has to stay low for the storage to even work. If the prices go way up than the storage solution would not be competitive. Ofcourse this is still prediction.
Click to expand...
Thats why I'm going out at 2x
 
too bad got the coins a few hours earlier when they were still up.

Thought that was the lowest already. lol

im down -8% on total investment
 
Good buy, I've been holding SC since 100 sats, and judging by previous fractals, it's looking increasingly likely that it will hit 1000 sats over the next few days.
 
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