Grin Observer - GRN/BTC - Price Movement and Discussion - page 21.

kronos123

sr. member

Activity: 1022

Merit: 391

Quote from: Texacha on June 14, 2019, 03:46:13 AM

Quote from: Texacha on May 24, 2019, 01:56:25 AM

You sell, I hold and after 2 years from today - we will see where we are.

I can repeat this, but I won't. Cheesy

We're talking about coin that is planned to be layer 2 on BTC, coin that has BTC developers working on it, first coin that is accepted as payment method on Bitcointalk beside BTC and first coin after years that brings something new on the table (MimbleWimble). And people here talk only about inflation, which btw comes into count after year 2023 and until that has exactly same inflation as any other new coin (Raven latest example and before that Litecoin or even Bitcoin or 90% of normal POW coins).

I have feeling last few months that some people intentionally sell story about inflation in order to keep price of GRIN low and other people buying that story.
Not me.

Everything you say is correct, especially the bold parts I have underlined. Theymos itself and many other users, dev and large mines, have expressed themselves favorably on Grin, but this does not mean that those who speak and watch inflation are wrong; after all it is a fundamental and determining factor of a currency, and many speculators look at it, and we know that in the end the trend and the price of a Coin, and therefore its future, is often moved and dictated precisely by speculators and a few times by investors.

The same Bitcoin price in recent years is driven by speculators, not by the holders; Grin was born just 6 months and it will take years to find his balance ... in the meantime he will have huge peaks and big dumps, and we will be here to discuss the various why ..... to no avail Grin

wheelz1200

legendary

Activity: 3752

Merit: 1415

Well I was very wrong Cheesy

I did not see this price action coming right now but it's nice to see. Haven't checked the mining data but I'm sure difficulty has spiked with this price surge. This run looks strong

klaaas

hero member

Activity: 1568

Merit: 544

Quote from: kabit9 on June 17, 2019, 08:26:10 AM

$6.00 Hi There! Grin

And still no big signs for a big pull back. Impressive, hope it can keep up and going.

BobLawblaw

legendary

Activity: 1819

Merit: 5547

Neighborhood Shenanigans Dispenser

For what it's worth, still have my single 2080ti miner chugging along.

With GRIN prices being what they are, my rig has recouped about 15% of its cost, not counting electricity, so far.

¯\_(ツ)_/¯

consideritdone

newbie

Activity: 602

Merit: 0

Grin price just 2x effectively!

kabit9

full member

Activity: 853

Merit: 114

$6.00 Hi There! Grin

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: RivAngE on June 17, 2019, 02:24:00 AM

Quote from: yefi on June 16, 2019, 09:06:56 PM

Quote from: mindrust on June 16, 2019, 11:06:58 AM

Another x10 and you'll see grin at 22nd spot.

That would also make it the second most costly in terms of network support. Doable on a bubble, but not at present and not with the lack of liquidity in the grin markets.

Ye, I agree that 10x is too much and unrealistic at this time.
It wouldn't be the first unrealistic thing we'd see though, for example I never understood why RVN pumped so hard and kept a good value... I haven't understood it's usage at all.
GRIN is much more useful so I expect it to pump 10x, just not right now with just a few exchanges available, probably only a handful of people knowing about it and just about 6 months old.

It doesn't need a usecase. RVN is indeed another copycat coin with assets function but it is backed by overstock. Grin has a new tech but the tech itself doesn't mean much by itself at this stage. Grin is backed by bitcointalk (&theymos, he clearly said he would buy whatever amount you want to sell him)

This is what the future will look like.

So many companies with so many coins acting like company shares. Bitmain has bcash, overstock has rvn, ayregroup has bsv... this will go on and on.

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

Quote from: yefi on June 16, 2019, 09:06:56 PM

Quote from: mindrust on June 16, 2019, 11:06:58 AM

Another x10 and you'll see grin at 22nd spot.

That would also make it the second most costly in terms of network support. Doable on a bubble, but not at present and not with the lack of liquidity in the grin markets.

Ye, I agree that 10x is too much and unrealistic at this time.
It wouldn't be the first unrealistic thing we'd see though, for example I never understood why RVN pumped so hard and kept a good value... I haven't understood it's usage at all.
GRIN is much more useful so I expect it to pump 10x, just not right now with just a few exchanges available, probably only a handful of people knowing about it and just about 6 months old.

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: mindrust on June 16, 2019, 11:06:58 AM

Another x10 and you'll see grin at 22nd spot.

That would also make it the second most costly in terms of network support. Doable on a bubble, but not at present and not with the lack of liquidity in the grin markets.

El duderino_

legendary

Activity: 2674

Merit: 13168

BTC + Crossfit, living life.

Good I stept in and bought Some of that grinn a few weeks back....
Still pity I didn’t bought more Then just a scratch of value .... Roll Eyes

mindrust

legendary

Activity: 3276

Merit: 2442

Which exchange do you guys trade this coin on? Poloniex or Bittrex? Those are the 2 exchanges which openmarketcap.com says without fake volume and I don't trust those Chinese scams CMC lists. Are there any other solid alternatives?

Gz to whoever bought this thing while it was below $3.

R.i.P those who waited for sub $1.

Another x10 and you'll see grin at 22nd spot.

consideritdone

newbie

Activity: 602

Merit: 0

Hello grin in rank 92 https://www.coingecko.com/en/coins/grin

criptix

legendary

Activity: 2464

Merit: 1145

Quote from: Febo on June 16, 2019, 08:36:24 AM

Quote from: bbc.reporter on June 15, 2019, 07:52:55 PM

@Febo. No one knows. But clearly the miners have not been selling and might be mining at cost. I reckon this might change once more miners enter Grin?

Hash rate was decreasing until 10 days ago. Now is already on same levels as 2 months ago.

Higher price = more profitibility = more miners

Should the price keep going up we should see even more increase in network hash.

A bummer i didnt buy more at 25k ;(

rajnish2470

newbie

Activity: 192

Merit: 0

Quote from: Febo on June 16, 2019, 08:36:24 AM

Quote from: bbc.reporter on June 15, 2019, 07:52:55 PM

@Febo. No one knows. But clearly the miners have not been selling and might be mining at cost. I reckon this might change once more miners enter Grin?

Hash rate was decreasing until 10 days ago. Now is already on same levels as 2 months ago.

so what do say, @0.00053000, is it the right time to buy? and Hold?

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: bbc.reporter on June 15, 2019, 07:52:55 PM

@Febo. No one knows. But clearly the miners have not been selling and might be mining at cost. I reckon this might change once more miners enter Grin?

Hash rate was decreasing until 10 days ago. Now is already on same levels as 2 months ago.

VB1001

legendary

Activity: 938

Merit: 2540

<>

https://coinmarketcap.com/currencies/grin/

We are rising in price $5 and position in CMC> Rank 99 Wink

bbc.reporter

legendary

Activity: 3010

Merit: 1460

@Febo. No one knows. But clearly the miners have not been selling and might be mining at cost. I reckon this might change once more miners enter Grin?

Febo

legendary

Activity: 2730

Merit: 1288

Price is again over 50k satoshi as 2 month ago. What now? Price goes up more? If not, for how long it will stay over 50k?

Cryptotourist

hero member

Activity: 1190

Merit: 755

Homo Sapiens Bitcoinerthalensis

My precious. Kiss

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: RivAngE on June 14, 2019, 03:29:42 AM

Quote from: bbc.reporter on June 14, 2019, 01:49:58 AM

Quote from: RivAngE on June 13, 2019, 02:30:32 AM

Quote from: bbc.reporter on June 12, 2019, 09:03:56 PM

In any case, what is the cause of this pump? The hardfork next month? There is nothing special about it, I reckon.

I can see three reasons.

1) The hardfork is special actually, since it's the first network upgrade of Grincoin. I reckon another pump will follow after the hardfork if everything goes smoothly.
Why? Because it proves the team is working on it and they're moving with their schedule.

2) They released a Windows wallet. So far people's only options were to install Linux (in a virtual or physical machine) or keep their funds in exchanges. I'm sure there were many big investors who might have though of buying GRIN but they didn't have Linux nor wanted to bother with Linux. Those people are now able to buy GRIN.

3) With mixer services proving unsafe after all, it was bound that some people would turn to GRIN for its superb anonymity.

Bonus) As I have been following this thread for a while, I understand a lot of people were expecting GRIN to fall to 1$ or even less, therefore at least a few people (if not many) were waiting to buy lower. Well... they might have understood that this was too low of a target and they're now FOMO buying.

Fomo buying always ends in dumping as fast as the buyers can click hehehe. I might have made a mistake for not buying, however with more than 10% of inflation for the next 10 years and unlimited supply, I want a better price.

The inflation is a relative thing. It might look like 10% now and 5% in 2 years (I pulled those numbers from my head, I didn't calculate the actual numbers) but the actual AMOUNT of coins generated are stable.
This could either be good or bad.
What I mean by that, is that the adoption will dictate if this amount of inflation will drive the price down or up. If the amount of users who hold GRIN increase sooner than expected, then the current inflation won't be enough to satisfy them and the price will increase because of higher demand than supply, that's what I believe we're seeing right now.

On the other hand, a stable inflation has the risk of the project not reaching the expected userbase and there be just too many coins for too few people.

Call me Mr. Obvious for explaining this but I feel like many people (I don't mean you specifically) only look at the one side of the coin.

The market for Grin is small, the supply is unlimited, the inflation is more that 10% for the first 10 years and the pump is caused by speculation. I want a better price.

I might be wrong, however, I can always wait after this pump is over.

Topic: Grin Observer - GRN/BTC - Price Movement and Discussion - page 21. (Read 19694 times)