Siacoin is a relativly new coin on the market. It had steady gains on the onset durring a period of high market volatility. It rose to a high of .00000400 before fighting in the 3.34x10^-6 and has now plummeted to less then half that or a -100% loss, and sits now in the .00000230 threshhold. Does this mean it is failing? No, pure and simple, it is time to buy. Currently it is reflecting the gains of BTC and ETH, which themselves grew due to the fluctuations in BCC/BCH. SC has plumitted just last night. As any current market watcher knows this means a spike will happen today or, at very least, this weekend.
Why claim over a 1000% gain then? Due to the nature of the drop. The value of SC has been lower on the market then actual estimated amounts, sitting naturally below 1000% the actual and potential value. Yes they have a lot of coins, so shouldn't they be just another RDD or BITB? The nature and use of these coins are the offset to this point, RDD is a relativly stable platform performance acting in the low 5x10^-7 and BITB is designed to be the penny of BTC. The .0001 price will only be momentarily anyway, before falling to half that, which is still over 100x the current price. It won't reach the 1x10-4 price for a couple weeks of recovery after the spike, and this is assuming Btc stays in the 3-4000USD threshold. If Btc drops, it will rise higher. If it spikes SC will hold or, in a worst case scenario, maintain the finally obtained estimated value.
If another model contradicts this with any degree of accuracy, you will be the first to know. This is purely speculation based on past successful models, my own and friend's algorithms for market prediction, and past observations among similar coin listings. I am thus not liable for any losses you may encure or decisions you make. I do own SC, but only a few coins (2000), and it is not the primary coin in my portfolio, thus does not lead me to promote this coin blindly. I am not a paid corrospondant nor affiliate of Siacoin.
Liability issues, and disclaimers, aside:
Tips are always welcome I am after all, a poor college student trying to pay rent. (I have 600$ in the bank accout right now, so any tips that help me reach the required 1350 for bills would make me eternally grateful)
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Amendment: Due to the changes in BTC/BCC/ETH pricing, we were forced to feed the model all the newer data and recompiled with these changes. The addapted form shows it reaching a high of .000073 in the next 45 days as opposed to the prior models .0001 in 30. While the new model is fed newer data and should be held in higher regard with respect to a more recent history I still feel the need to urge my readers this can change as nether modeling is foolproof. Both models should still be taken into consideration due soley to the nature of a free market and influences on group phychology by the market news and media. A market in itself relies on the peoples interest in a particular coin and their buying and selling of said coin. That being said, the biggest spike will happen when BTC drops again, SC will rise in price here. When BTC stabalizes and starts to climb again SC will drop, but not as low as seen the past few days, and then stabalize itself and climb with BTC and ETH prices. On the bright side for all the BCC investors, both Bitcoin Cash and ETH will spike durring this next BTC drop, if you got in to either early to BCC's introduction to the markets and are looking to claim some money back in the short term this would be the time. Long term holders though, as always, should hold.