Siacoin
Siacoin bear trend
I bought some Siacoin recently but was a bit late to take profit after the 50% bull trend. I expect another rally but only after Bitcoin cools off. The sudden drop in Siacoin comes because Bitcoin is now on the rampage, which tends to take the wind out of a lot of the Altcoin sails.
Siacoin wallet
I have tried the SC wallet and it all works fine. It comes with with a graphically pleasing interface in subtle turquoise. I have transferred coins to and from the wallet with ease, although the return to Poloniex took an hour for 6 confirmations before it became available. Keep in mind too that the wallet has to be synchronised before transactions can take place, so you will need to keep it updated regularly if you want to transfer funds in a hurry. It takes an hour or so to sync the first time and then just a few minutes per day to sync up.
The password is a string of 29 words which need to be copy pasted in order to open the wallet.
File hosting
I also tried the file hosting but I guess, due to the company Firewall, I was not able to forward the ports 9981/9982 which the software needs to communicate. I also enquired about how much down time you were allowed for file hosting and was told that the system needs to be running 99.9% of the time, so I'm probably not going to go that route at the moment.
more to come.....
Very good post @gct!
I opened olso a wallet for siacoin and I am very happy about it.
It works well , the sync did not take a lot of time and another very good aspect is that now can be changed into another coin olso on shapeshift.io
Thanks for the positive comment. I was looking at all the wallets after the Bitfinex hack. I now have a Ledger Nano S which I'm also quite happy with. You can keep BTC, ETH or ETC in the wallet. I have also tried the Gatehub wallet that also stores XRP, ETH and ETC.
Bitcoin is indeed on a rampage, just woke up to the price. I have been collecting SC for awhile, interesting coin with potential. I know I shouldn't, but my SC is on an exchange, thanks for highlighting the wallet I will get to this eventually...
Yes, I did well with Siacoin earlier in the year. I think it has a lot of potential as an idea and it all seems to work well and be well documented. I'll be back on it soon. The price will probably drop so we can get it cheap when Bitcoin falls. Previously the moves were slower and went up in steps, never breaking previous support levels. This move surprised me. I hope I don't miss out on the next rally but I don't want to miss out on the bitcoin bull run.