Siacoin in a nutshell

Hello fellow steemians!

Our today topic is Sia(and Siacoin).So let's get started:

1. Sia is a decentralized private cloud
2. It's completely private:
   • Your file is split,encrypted and distributed in a decentralized network
   • Nobody can access your data
3. It's cheap:

• Sia creates a decentralized storage marketplace in which hosts compete for your business.So,let's say that you got 500GB free space on your computer,you can become a renter(host) and get paid for your free space.Also,if you are a contractor,you can search for available space and rent that space using Siacoin.As you can see Sia uses Siacoin as its currency.
4. Sia is completely open source,meaning that everybody can work on the project
5. It has an awesome reward system:
• that means that you actually get paid in Siacoins for completing an important task.(Currently we are at the 2nd SiaBounty event,in which they paid 400.000 SC for Duplicati integration(You might wonder where that huge amount of SC(Siacoin) comes from.Well,the community it's pretty awesome and active,so they organized a “donor’s club,”.This reward system is known as "Sia bounties"
6. It has a real use case in a fast expanding Market
• Cloud Storage Market is projected to witness a compound annual growth rate of 29.73% to reach a total market size of US$92.488 billion by 2022, from US$25.171 billion in 2017.(This is just an estimation,don't take it as it is)
7. It has a great community:
• Developers are very active on social networks.They will answer any question you have
• Your feedback counts
• Everything is transparent,you will get informed about anything that's currently happening
8. They are concerned about security and decentralization
• They introduced the first ever ASIC MINER for the Sia network (https://obelisk.tech/)



In my opinion Siacoin its undervalued and it could be a good investment,however if you are looking for the "new train" then Sia it's not suitable for you.The development part is far more important for the developers/community than the quick gains,therefore the poor or mostly the lack of hype/videos/articles around the internet.Siacoin it had its ATH(all time high) at 838 Satoshis and slowly falling since.However,if you check the charts,you can see that it has a strong support at ~ 156-160 Satoshis and a very good trade volume for a coin that's not so hyped.I firmly believe that Sia will regain it's momentum and it will break from the 160-170 range.I expect a 20-30% gain by the end of the year,specially whit the new releases in ~November (https://trello.com/b/Io1dDyuI/sia-public-roadmap).I would definitely grab some coins and hold for the long term,or even better,i would put a buy order at 163 satoshis,since that's the last support line we saw.

Please keep in mind,this is not a financial advice!

I would like to know what would you like to read about,so make sure you leave a comment.Have a nice and green day!