Grin Observer - GRN/BTC - Price Movement and Discussion - page 26.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Privcy Foundation on May 13, 2019, 02:16:19 PM

Quote from: Privcy Foundation on May 09, 2019, 11:43:06 AM

Won't be long until this goes under 10k sats. If you are still holding some, dump it for btc before you get completely rekt.

Quote from: Febo on April 01, 2019, 01:04:26 PM

Yes. Bitcoin will go up in next 2 years. So sub $1 will be hard to get or it will not stay for long there. But 0.00055 BTC is far far far far from bottom. Bottom of GRIN price will be way closer to 0.0001 then 0.0005.

Man you still only repeats after others. Zero originality. Sad

Privcy Foundation

jr. member

Activity: 82

Merit: 2

Quote from: Privcy Foundation on May 09, 2019, 11:43:06 AM

Won't be long until this goes under 10k sats. If you are still holding some, dump it for btc before you get completely rekt.

Privcy Foundation

jr. member

Activity: 82

Merit: 2

Quote from: CjMapope on May 13, 2019, 08:50:03 AM

Quote from: tranthidung on May 13, 2019, 08:44:51 AM

Quote from: wheelz1200 on May 13, 2019, 06:04:20 AM

That is an issue if most think as well, the miners will keep dumping at a lower price with little incentive for people to buy. Will definately be watching the market as it progresses as a study in this type of coin distro.

Miners will keep to dump their Grin coin at prices that still bring profits for their mining after subtracting electricity cost. Therefore, we have to wait till the price at which miners get very little profits from their mining if they sell their coins at such low price. After that price range, miners will stop dumping their coins, and Grin coin will rally definitely. Waiting patiently is key for now if you have big interests in Grin coin.

ya with all the new ASICs launched down and down grin goes.
i was wanting to grab some more, but now im thinking its just gonna keep going down : /
fiat wise i guess its doing not bad tho, 2$

dollar price doesn't matter, its heavily losing ground on the bitcoin trading ratio. Already from 40k sats to 20k sats this month!!, that is a huge drop

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Quote from: CjMapope on May 13, 2019, 08:50:03 AM

ya with all the new ASICs launched down and down grin goes.
i was wanting to grab some more, but now im thinking its just gonna keep going down : /
fiat wise i guess its doing not bad tho, 2$

Personally, Grincoin is interesting altcoin, but I might try to patiently waiting next 6 months to buy the coin. I wish that I might have cheaper price to buy Grin coin. In addition, I also hope that next 6 months, GUI wallet will be available for non-technical users. Such GUI wallet will help Grin coin to catch more investors' eyeballs as well as capital flow, that in turn might help Grin coin rallying from its bottom (if we actuallly see Grin Coin bottom within next 6 months).

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

Quote from: tranthidung on May 13, 2019, 08:44:51 AM

Quote from: wheelz1200 on May 13, 2019, 06:04:20 AM

That is an issue if most think as well, the miners will keep dumping at a lower price with little incentive for people to buy. Will definately be watching the market as it progresses as a study in this type of coin distro.

Miners will keep to dump their Grin coin at prices that still bring profits for their mining after subtracting electricity cost. Therefore, we have to wait till the price at which miners get very little profits from their mining if they sell their coins at such low price. After that price range, miners will stop dumping their coins, and Grin coin will rally definitely. Waiting patiently is key for now if you have big interests in Grin coin.

ya with all the new ASICs launched down and down grin goes.
i was wanting to grab some more, but now im thinking its just gonna keep going down : /
fiat wise i guess its doing not bad tho, 2$

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Quote from: wheelz1200 on May 13, 2019, 06:04:20 AM

That is an issue if most think as well, the miners will keep dumping at a lower price with little incentive for people to buy. Will definately be watching the market as it progresses as a study in this type of coin distro.

Miners will keep to dump their Grin coin at prices that still bring profits for their mining after subtracting electricity cost. Therefore, we have to wait till the price at which miners get very little profits from their mining if they sell their coins at such low price. After that price range, miners will stop dumping their coins, and Grin coin will rally definitely. Waiting patiently is key for now if you have big interests in Grin coin.

wheelz1200

legendary

Activity: 3752

Merit: 1415

Quote from: theymos on May 11, 2019, 10:02:31 PM

Quote from: suchmoon on May 11, 2019, 09:31:56 PM

I can't find the post now but I think theymos mentioned that it was 5 in 2 months. It's been ~4 months now so perhaps it's up to 10

. I was considering paying with grin for my bot account but it was just too much hassle to bring up my semi-cold wallet... ended up paying with BTC.

It was just an initial burst, there's only been one more since then. 6 out of 1166 total payments.

Someone just today reported to me that they were unable to send an amount with grin's 9-digit precision. It sounds like whatever wallet they were using only supported 8-digit precision. They haven't yet responded to my question as to which wallet it was. If it's a very popular wallet, maybe this has impacted people's ability to pay via grin.

I still think grin has value to lose since it's so inflationary. In early 2020, inflation will settle down a bit and apparently a GUI will be released, so that's a good guess at an inflection point. But inflation will still be a huge influence for a long time, so I'm not really expecting it to explosively "moon". For example, I think it'll take years to reach $20 again, assuming it survives long enough to do so.

Probably just for the novelty of paying in grin for those 6 people lol. Love the technology but I am with I think it still has much more value to "lose" still. That is an issue if most think as well, the miners will keep dumping at a lower price with little incentive for people to buy. Will definately be watching the market as it progresses as a study in this type of coin distro.

Are you planning on indefinitely keeping grin as a payment or is it just sort of a test phase for you accepting it?

theymos

administrator

Activity: 5222

Merit: 13032

Quote from: criptix on May 11, 2019, 10:11:02 PM

A bit OT, but did you donated the 50 btc? Wink

No, that wasn't me.

criptix

legendary

Activity: 2464

Merit: 1145

Quote from: theymos on May 11, 2019, 10:02:31 PM

Quote from: suchmoon on May 11, 2019, 09:31:56 PM

I can't find the post now but I think theymos mentioned that it was 5 in 2 months. It's been ~4 months now so perhaps it's up to 10

. I was considering paying with grin for my bot account but it was just too much hassle to bring up my semi-cold wallet... ended up paying with BTC.

It was just an initial burst, there's only been one more since then. 6 out of 1166 total payments.

Someone just today reported to me that they were unable to send an amount with grin's 9-digit precision. It sounds like whatever wallet they were using only supported 8-digit precision. They haven't yet responded to my question as to which wallet it was. If it's a very popular wallet, maybe this has impacted people's ability to pay via grin.

I still think grin has value to lose since it's so inflationary. In early 2020, inflation will settle down a bit and apparently a GUI will be released, so that's a good guess at an inflection point. But inflation will still be a huge influence for a long time, so I'm not really expecting it to explosively "moon". For example, I think it'll take years to reach $20 again, assuming it survives long enough to do so.

A bit OT, but did you donated the 50 btc? Wink

theymos

administrator

Activity: 5222

Merit: 13032

Quote from: suchmoon on May 11, 2019, 09:31:56 PM

I can't find the post now but I think theymos mentioned that it was 5 in 2 months. It's been ~4 months now so perhaps it's up to 10

. I was considering paying with grin for my bot account but it was just too much hassle to bring up my semi-cold wallet... ended up paying with BTC.

It was just an initial burst, there's only been one more since then. 6 out of 1166 total payments.

Someone just today reported to me that they were unable to send an amount with grin's 9-digit precision. It sounds like whatever wallet they were using only supported 8-digit precision. They haven't yet responded to my question as to which wallet it was. If it's a very popular wallet, maybe this has impacted people's ability to pay via grin.

I still think grin has value to lose since it's so inflationary. In early 2020, inflation will settle down a bit and apparently a GUI will be released, so that's a good guess at an inflection point. But inflation will still be a huge influence for a long time, so I'm not really expecting it to explosively "moon". For example, I think it'll take years to reach $20 again, assuming it survives long enough to do so.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: bbc.reporter on May 11, 2019, 09:19:41 PM

@BitBustah. I reckon not very high. I would speculate that it is less than 100 copper memberships paid for in grin hehehe. It would be easier to pay for it in the cryptocoin they already hold.

I can't find the post now but I think theymos mentioned that it was 5 in 2 months. It's been ~4 months now so perhaps it's up to 10

. I was considering paying with grin for my bot account but it was just too much hassle to bring up my semi-cold wallet... ended up paying with BTC.

Edit - here it is:

Quote from: theymos on March 12, 2019, 07:35:06 AM

Since grin started being accepted, 5 out of 687 payments (0.7%) were via grin.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

@BitBustah. I reckon not very high. I would speculate that it is less than 100 copper memberships paid for in grin hehehe. It would be easier to pay for it in the cryptocoin they already hold.

BitBustah

hero member

Activity: 1218

Merit: 534

The price drop in satoshis was completely expected. Anyone that didn't think this would happen was delusional. Its basic math, doesn't take a genius to figure out. 24h trading volume is nowhere near $20million either, coinmarketcap is a fraudulent site promoting fake volume numbers.

I would be interested in knowing what percentage of people paid for copper memberships with grin since that became an option.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: wheelz1200 on May 11, 2019, 09:48:49 AM

Quote from: HairyMaclairy on May 11, 2019, 05:23:15 AM

28k sats and all is well...

Man that's a depressing chart

I'm having a hard time analyzing whether or not with the infinite coin generation if that will end up hurting or suppressing prices. If you want to buy grin you can always wait until tomorrow when its lower. I know most coins are in the reward phase and new coins get generated daily but the end is known not so with grin. Love the coin just dont know if I want to go in on it Undecided

In the beginning the more than 10% of supply inflation in the next 10 years might surpress the price, however, in theory the surpressed prices might not be that bad. It might cause the price to be more stable, in theory.

https://github.com/mimblewimble/docs/wiki/Monetary-Policy

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Quote from: HairyMaclairy on May 11, 2019, 05:23:15 AM

28k sats and all is well...

Once again, theymos is not dumb because he wrote months ago when everyone FOMOed with Grincoin that the price of Grincoin will decrease at least over first one year due to its inflation scheme. Now, we have proofs that theymos prediction is right. Personally, I think that it is time to relax, and forget about Grincoin, even when you bought it around 35k satoshis, because Grincoin will recover and surpass the range around 35k satoshis later. The coin has fallen into its bottom range, so it's not time to be panic. When bitcoin fell to #3700, someone said it would drop deeper, even to zero, so what actually happened?

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

geco coin seemed to show dropping volume

wheelz1200

legendary

Activity: 3752

Merit: 1415

Quote from: HairyMaclairy on May 11, 2019, 05:23:15 AM

28k sats and all is well...

Man that's a depressing chart

I'm having a hard time analyzing whether or not with the infinite coin generation if that will end up hurting or suppressing prices. If you want to buy grin you can always wait until tomorrow when its lower. I know most coins are in the reward phase and new coins get generated daily but the end is known not so with grin. Love the coin just dont know if I want to go in on it Undecided

HairyMaclairy

legendary

Activity: 1414

Merit: 2174

Degenerate bull hatter & Bitcoin monotheist

28k sats and all is well...

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Quote from: bbc.reporter on May 10, 2019, 08:48:34 PM

However this does not make grin a better investment than other altcoins. This is a common mistake made by bagholders. We look for excuses for our bad decisions by saying that it is ok because of reason x or reason y.

Sure, when you fall in love with one altcoin, you should not compare it with other altcoins. Even it is better or worse than other altcoins, you will still love it. It is same as what we ususally do with our wives or husbands, do you agree with this point? Personally, I fall in love with one altcoin because I see one or several promising usages of the coin that in turn can help the coin has good growths and widely acceptance in its later phases.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: tranthidung on May 08, 2019, 10:34:38 PM

Quote from: bbc.reporter on May 08, 2019, 10:25:15 PM

Bitcoin holds its value better than grin so it is more sensible for the miners to dump grin and hold everything in bitcoin after expenses.

It happens with not only Grincoin, but also with other altcoins, so that is why when bitcoin moved up to above $6000, altcoins turned into Red. There are less investors whom want to own and hold their altcoins at the moment. Because they tend to be greedy and want to join and enjoy the ride of bitcoin. They likely bought bitcoin recent days and hope that Bitcoin will keep increasing to around $10000. Haha. Personally, after cashing out my bitcoin, I still keep accumulating cheap altcoins recent days.

Agreed. However this does not make grin a better investment than other altcoins. This is a common mistake made by bagholders. We look for excuses for our bad decisions by saying that it is ok because of reason x or reason y.

Topic: Grin Observer - GRN/BTC - Price Movement and Discussion - page 26. (Read 19708 times)