SIACOIN SC NEWS ALLERT!!

in #siacoin7 years ago

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Great news! Traders, hold your SC coins to Hard-Fork, best option is to sell 12-24 hours before fork, because there might be for sure a dump after this.
Goodluck!!

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Genuine question, why would we sell before the fork? Aren't there coins to be had? I understand why the price would fall after the fork and so timing a sell will be crucial. But shouldn't we attempt to gain from the hard fork? Just curious! Thanks for the news!!

there is no new coin associated with this uncontentious hard fork. There are two types of hard forks: contentious and uncontentious. A contentious fork (not this) is created when a development team forces the fork and pledges to back the older blockchain thus creating a newer coin for the newer fork. An uncontentious hardfork happens when the programming code updates and there is no development team willing to take on and back the old pre-forked blockhcain thus there is no need for a new coin representing the newer fork.

Gotcha. I appreciate you taking the time to show me that!

you can trade this...but what's the point of dumping it after the fork? It's not like you can collect more coin pre-dump and maybe a few traders will buy it up thinking there will be a new coin during the fork (there wont) but nothing has really changed here except a programming update shift from 30 min blocks to 10 min blocks to accomadate the new asic miners in mid 2018.

well the main point would be to gain profit for medium term...other than that, SC is only good for long term over 6 months

Sia Coin will hit $ 1.20 soon

Would be really great if it would!

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