Siacoin - Down 70% off ATH, ignore the asic controversy and accumulate
I'm a trader by background, but I generally HODL crypto but occasionally I'll trim in frothy conditions. So, I initially bought Siacoin back in august very blindly and dumbly, but I got lucky. Since then I have dug into the fundamentals of the platform and the coin, and while its not perfect yet, it offers something DESPERATELY needed in the cloud storage industry, affordability. Now, I wont beat a dead horse and ramble about it's security, scale, and tx speeds but overall I am bullish on this coin. I trimmed 35% of my original position at around 8 cents (couldn't catch the $.10 top, eh still a W) and I bought my Sia back yesterday and then some at 3.7 cents (360 sats) growing my total original position by 31%. Not only does this coin have real promise, real vision, real use cases, it ALSO has the "lambo-sheep" appeal of being under 10 cents for the short term lol I know that means nothing but people are stupid, I've been stupid, it happens.
From a technical perspective we have risk down to 275 sats ($0.027) support level, but I'm not sure we will get the chance to buy that low. Just my 2 cents on Sia short-medium term, well actually more like 3.8 cents ;)
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