Siacoin is undoubtedly one of my favorite cryptocurrencies. The concept behind Siacoin involves providing large amounts of cloud space at a fraction of the cost that you will pay for major players such as Google and Microsoft. You can access 5 TB's and up of space for cheap!
My friends and I call Sia 'Constellation Space"...it's so much bigger than a cloud when you consider the ability to store ALL of your photos and documents in the cloud safely on the blockchain. I have invested deep into Sia. I believe in it's potential to revolutionize and transform the cloud space sector. All that it takes is for cooperations and school systems to catch wind of Sia and it's game over. Sia is going to provide serious storage space to the world.
With all of the great things of Sia, I am confused as to why Sia is dropping off the cliff, hanging on at about 86 Satoshis as of today. I still think that Sia is a great buy and I am considering adding more coin into my Sia Bag but I wonder why the bleedout? A lot of the Alt Coins are taking a beating as we speak but Sia has been bleeding out for a minute.
What gives?
