What is happening to Sia?

>>2531328
Sia released info about Obelisk - Asic miner. So, no hype anymore. Buy the rumors, sell the news.

>>2531328
Sold all mine. Made small gains. Gonna wait and see how this shakes out.

File: siacoinsellwall62017.png (57KB, 1859x507px) Image search: [Google]

57KB, 1859x507px

>>2531328
Also some fuckery afoot. Look at that sell wall on Bittrex

File: double shot.jpg (10KB, 275x183px) Image search: [Google]

10KB, 275x183px

>>2531415
same. I made 30-40% so I'm happy

374.85 % here

SC has a long-term project, solid business and good dev team. Will HODL till 2018, so should you

Rebound time? 800 sats plz

>>2531399
>Buy the rumors, sell the news.

People say this over and over again. Why are you parrotting this shit?

You buy the rumor, sure. But why would you always sell the news? What if it's great fucking news? What if the news is that it will become the new Amazon currency. What then faggot? Would you still sell the news because /biz/ said BUY THE RUMOR SELL THE NOOSE LEL I AM LE EDGY DAYTRADERxQuikscopez

ill buy it back when it's below 650.

>>2531328

Because people don't actually research the coins they are buying so when they announced an ASIC miner without understanding the underlying technology behind Siacoin they panic sold.

>>2531328
Is that Moot?

>>2532474

No. It's Shia.

>>2532405
when it's shit news like some miner garbage you sell

>>2532405
1. you sell the news because "great news" is always priced in, and "great news" never actually happens in crypto or any developing industry.

2. even if you wanted to gamble on "GREAT NEWS!!" you can always buy back with minimal impact to your gains. you don't have that option if you just hold. and what are you really holding for? to make money or to have some sense of loyalty to a billionaire faggot? when do you sell then, if not during news cycles??

3. it's not edgy to see a pattern to how people value an asset when there is an upcoming relevant event vs how people value an asset after the event. you're clearly a fucking idiot.

>>2532442
>ASIC miner
can you quickly explain whats the issue people are having with ASIC mining? thanks