Which crypto to invest in now and why

Cryptocurrencies are hot as of lately. A lot of people are currently putting their money into it.

Since I’ve been investing in cryptocurrencies for a long time many people often ask me for advice. They want to know which crypto's they should best put their money in. For this reason I wrote this article. I will tell you which crypto's will be the most likely to rise on a short term as I see it. Although there are probably more crypto’s that are likely to surge in the coming months I just picked one which I think will make huge gains in the coming month of july.

Siacoin

Until recently you only had these traditional centralized storage solutions for consumers from companies like Google, Dropbox or Amazon. Of course there are many more companies that offer storage solutions but all of them are built on the idea of centralized storage. You open a paid account with them and they will put your files on one of their servers in one of their huge centralized datacenters.

With your files stored on their servers you never know what they will do with it. Who knows, maybe they might be looking into your files and selling the information they get out of it to any company without you knowing about it. They can also just change any of the terms as they like and have you agree to them. Who is going to turn down those terms when you have stored 200Gb of data on their servers. You would then have to relocate all of it with the risk that the new company might do the same…

Another thing that annoys many people are the costs of it all. Prices in the range of 100$ to 150$ a month for say 5TB are considered as normal and justified..

But now there is Sia. Sia is all about decentralization of cloud storage. Below an excerpt from their website:

“Sia splits apart, encrypts, and distributes your files across a decentralized network. Since you hold the keys, you own your data. No outside company can access or control your files, unlike traditional cloud storage providers.”

This puts you back in charge of your files, as it should always be! No prying eyes from any company, you own your files and no-one can look into it unless you want it.

It is also highly redundant since it chops all of your files into tiny pieces and stores them on dozens of nodes worldwide. So no single point of failure there.

Also it is far more affordable then the solutions offered by any of the traditional cloud storage providers. Take a look below at their pricing scheme and you’ll see what I mean.

On top of all of this they will launch a new version of Sia v1.3.0 soon. In this newest version lots of improvements are implemented which makes it even better.

Sia will definitely have an impact on current storage solutions which will look outdated very soon. So considering all of this there is no other way for Siacoin than to go up!