https://twitter.com/grinMW/status/1125805882594344961
Topic: Grin Observer - GRN/BTC - Price Movement and Discussion - page 28. (Read 19708 times)
We had a small bounce off $2 but that support has now been broken
33k sats and all is well...
Quite a beautiful chart really.
I reckon that it might also take years on grin's monetary policy. This is very possible, check Zcash's weekly chart. Zcash has been making new all time lows with small pumps in between. However, it might also occur similar to dogecoin based on the similar monetary policy.
ZCASH has to stop, because it can not make its new all time lows for hundreds of times, I believe that we have witnessed one of the last all time lows of ZCASH. The coin gradually falls and sets up its new all time lows because people were overvalued its months ago, that's all. Then, when ZEC actually hit its all time low, everything will be fine, it will bounce back and start its slow recovery from its real all time low, that likely not too far from its temporary price, in my opinion.However, the market will not listen to what you want or believe. It might be worse for grin because of its monetary policy which was designed to give more priority to distribution and coin circulation than a priority to become a store of value. This is not a get rich quick cryptocoin.
In any case, ask yourself what is more possible, grin to $0.50 or grin to $10?
33k sats and all is well...
Anyone stocking up on Grin, or trying to ride the fomo BTC wave
I reckon that it might also take years on grin's monetary policy. This is very possible, check Zcash's weekly chart. Zcash has been making new all time lows with small pumps in between. However, it might also occur similar to dogecoin based on the similar monetary policy.
ZCASH has to stop, because it can not make its new all time lows for hundreds of times, I believe that we have witnessed one of the last all time lows of ZCASH. The coin gradually falls and sets up its new all time lows because people were overvalued its months ago, that's all. Then, when ZEC actually hit its all time low, everything will be fine, it will bounce back and start its slow recovery from its real all time low, that likely not too far from its temporary price, in my opinion. 39k sats, an All Time Low and all is well...
Grin coin has hit its all time low, and double bottomed, so it is time for Grin coin to gradually recover from 39k satoshis. Grin coin is a good altcoin, it was just over valued by people whom FOMOed at the beginning days of Grincoin. From now on, from the bottom around 39k satoshis, a new cycle, and a real growth of Grin coin will be started. The recovery and growth of Grin coin from bottom might require months to fully rally, but it is more safely to see the coin grow slowly but solidly like this.I reckon that it might also take years on grin's monetary policy. This is very possible, check Zcash's weekly chart. Zcash has been making new all time lows with small pumps in between. However, it might also occur similar to dogecoin based on the similar monetary policy.
First off the team behind grin picked a childish name and logo.
You should definitely let them know. Contact them through email or something.
Anyways, don't be fooled and think this is a bottom, people are dumping immediately for btc. if your buying grin right now you are a RETARD.
Exactly. To bad you had not managed to read what other people said before you. I am sure you would change your mind to oppose.
First off the team behind grin picked a childish name and logo.
Anyways, don't be fooled and think this is a bottom, people are dumping immediately for btc. if your buying grin right now you are a RETARD.
Anyways, don't be fooled and think this is a bottom, people are dumping immediately for btc. if your buying grin right now you are a RETARD.
Hmm as I see it all time chart, the volume is gradually having to rise to just hold your ground, always more and more coins.
What did I just read?
39k sats, an All Time Low and all is well...
Grin coin has hit its all time low, and double bottomed, so it is time for Grin coin to gradually recover from 39k satoshis. Grin coin is a good altcoin, it was just over valued by people whom FOMOed at the beginning days of Grincoin. From now on, from the bottom around 39k satoshis, a new cycle, and a real growth of Grin coin will be started. The recovery and growth of Grin coin from bottom might require months to fully rally, but it is more safely to see the coin grow slowly but solidly like this. 
If anyone still hasn't sold, I feel sorry for you. The price will keep crashing and don't be surprised if it breaks 20k satoshi within a short period of time. Miners are dumping immediately, they are not holding like bitcoin miners are.
Well I am scooping yay https://www.coingecko.com/en/coins/grin
39k sats, an All Time Low and all is well...
Why the heck are you people talking about $ value?
Makes zero sense for grin.
50k sat broke, we are looking for a new bottom :S
Makes zero sense for grin.
50k sat broke, we are looking for a new bottom :S
Why is it zero sense? Miners pay for their mining costs in fiat. The lower grin's value in fiat, the more coins the miners require to dump and the more pressure that creates on the market.
Grin is priced and traded in and with satoshis, not in fiat.
Grins fiat price is 100% relative to the btc/usd pair.
We can go up oe down in fiat while grin/btc stays the same.
If miners are unprofitable they will have to shut off at one point and this makes mining more profitable for the rest of the miners who are still alive.
Why the heck are you people talking about $ value?
Makes zero sense for grin.
50k sat broke, we are looking for a new bottom :S
Makes zero sense for grin.
50k sat broke, we are looking for a new bottom :S
Why is it zero sense? Miners pay for their mining costs in fiat. The lower grin's value in fiat, the more coins the miners require to dump and the more pressure that creates on the market.
Grin is priced and traded in and with satoshis, not in fiat.
Grins fiat price is 100% relative to the btc/usd pair.
We can go up oe down in fiat while grin/btc stays the same.
If miners are unprofitable they will have to shut off at one point and this makes mining more profitable for the rest of the miners who are still alive.
Why the heck are you people talking about $ value?
Makes zero sense for grin.
50k sat broke, we are looking for a new bottom :S
Makes zero sense for grin.
50k sat broke, we are looking for a new bottom :S
Why is it zero sense? Miners pay for their mining costs in fiat. The lower grin's value in fiat, the more coins the miners require to dump and the more pressure that creates on the market.
Well, you're forgetting to count that the lower the value, the less miners will be on the network, so in the end the overall "pressure" created by the miners won't be that different regardless of the coin's price.
I'm sure the situation with the miners will get better once the next generation of GPUs ships. The RTX20 was "meh...", it didn't make an impact in crypto. Maybe the next one will create enough of a gap between the GPU generations to force farms to shutdown and allow the power to return to the individual small miners who don't have to pay crazy amount of bills each month.
... then I foresee a new bullrun which will have people emptying the GPU shelves from the stores again and the history repeats itself!
Why the heck are you people talking about $ value?
Makes zero sense for grin.
50k sat broke, we are looking for a new bottom :S
Makes zero sense for grin.
50k sat broke, we are looking for a new bottom :S
Why is it zero sense? Miners pay for their mining costs in fiat. The lower grin's value in fiat, the more coins the miners require to dump and the more pressure that creates on the market.
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