Grin Observer - GRN/BTC - Price Movement and Discussion - page 32.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: mindrust on April 12, 2019, 12:38:06 AM

Quote from: bbc.reporter on April 03, 2019, 10:44:04 PM

@Karto. The cause of a good amount of the dumping is from the miners themselves because it would be safer for them to sell and hold every grin they mine in bitcoin, also because bitcoin holds value much better than grin does.

Sub $1.00 is only a matter of time, I reckon.

https://docs.google.com/spreadsheets/d/1hGyC8tSivtZqjlu8aQgjG0pKfKc0L0RO0leMfjPADp0/htmlview#gid=0

This what everyone has been saying since the first page. The amount of inflation is just too big to hodl this coin.

If you don't sell, somebody is going to and he is going to wreck you. And now you know he is going to dump, you also dump which makes this coin a dumping race.

That's the main problem with unlimited supply. And in this example it is not just that. It is unlimited supply combined with huge inflation.

Currently it is a large game of "Chicken".

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

This is depressingly ugly. Grinding along the edge of the precipice with no sign of a bounce. If we break under 52k sats, there are no technical supports left.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: bbc.reporter on April 03, 2019, 10:44:04 PM

@Karto. The cause of a good amount of the dumping is from the miners themselves because it would be safer for them to sell and hold every grin they mine in bitcoin, also because bitcoin holds value much better than grin does.

Sub $1.00 is only a matter of time, I reckon.

https://docs.google.com/spreadsheets/d/1hGyC8tSivtZqjlu8aQgjG0pKfKc0L0RO0leMfjPADp0/htmlview#gid=0

This what everyone has been saying since the first page. The amount of inflation is just too big to hodl this coin.

If you don't sell, somebody is going to and he is going to wreck you. And now you know he is going to dump, you also dump which makes this coin a dumping race.

That's the main problem with unlimited supply. And in this example it is not just that. It is unlimited supply combined with huge inflation.

bbc.reporter

legendary

Activity: 3192

Merit: 1509

Quote from: estenity on April 10, 2019, 08:02:44 AM

Quote from: bbc.reporter on April 03, 2019, 10:44:04 PM

@Karto. The cause of a good amount of the dumping is from the miners themselves because it would be safer for them to sell and hold every grin they mine in bitcoin, also because bitcoin holds value much better than grin does.

Sub $1.00 is only a matter of time, I reckon.

https://docs.google.com/spreadsheets/d/1hGyC8tSivtZqjlu8aQgjG0pKfKc0L0RO0leMfjPADp0/htmlview#gid=0

so very important difference with monero, with large inflation.

Agreed. However, Grin might attain wider distribution among the populace because of its high inflation in the first 25 years and the constant issuance of 60 coins per minute.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: consideritdone on April 10, 2019, 11:44:38 AM

miss the last 2 months ride up Roll Eyes

https://www.coingecko.com/en/coins/grin

I am pleasantly surprised price is still above 50k satoshi. It seems I was way to pessimistic as always

consideritdone

newbie

Activity: 602

Merit: 0

miss the last 2 months ride up Roll Eyes

https://www.coingecko.com/en/coins/grin

estenity

hero member

Activity: 1928

Merit: 538

Quote from: bbc.reporter on April 03, 2019, 10:44:04 PM

@Karto. The cause of a good amount of the dumping is from the miners themselves because it would be safer for them to sell and hold every grin they mine in bitcoin, also because bitcoin holds value much better than grin does.

Sub $1.00 is only a matter of time, I reckon.

https://docs.google.com/spreadsheets/d/1hGyC8tSivtZqjlu8aQgjG0pKfKc0L0RO0leMfjPADp0/htmlview#gid=0

so very important difference with monero, with large inflation.

bbc.reporter

legendary

Activity: 3192

Merit: 1509

Quote from: Cryptotourist on April 08, 2019, 07:11:41 AM

Quote from: Globb0 on April 01, 2019, 02:00:42 PM

Stop grinning, is this really the low? or are you all being fooled?

Maybe.

#

Quote from: bbc.reporter on April 03, 2019, 10:44:04 PM

The cause of a good amount of the dumping is from the miners themselves because it would be safer for them to sell and hold every grin they mine in bitcoin, also because bitcoin holds value much better than grin does.

But isn't that the case for all newborn minable coins?

Quote from: bbc.reporter on April 03, 2019, 10:44:04 PM

https://docs.google.com/spreadsheets/d/1hGyC8tSivtZqjlu8aQgjG0pKfKc0L0RO0leMfjPADp0/htmlview#gid=0

Numbers are nice. Wink

#

Grined.

Agreed that it might be the case for new minable coins, however, it might take a longer time for grin to become the miners' first choice as a store of value because it is inflationary and also because bitcoin will always store value better than grin until grin has higher demand and a 1% inflation rate.

kabit9

full member

Activity: 853

Merit: 114

Quote from: yefi on April 01, 2019, 05:19:06 PM

Quote from: AUruHM on March 31, 2019, 12:31:38 PM

Does anybody know to exist some reasons for current growth? From 2.4$ til 3.5$. I don't find big fundamental events. Is it simple speculation or exist something? I don't wait for GRIN strong growth because such tokenomic don't offer by such a way. But I'm interested in technology and project Wink

Speculation of course. Market cap just broke out from the 12-15 million USD range. Wouldn't be surprised if there's another push, but after that supply will start to catch up with demand again...

"In mid-March, Bitwise Asset Management issued a damning report on Bitcoin (BTC) trading figures. The San Francisco-based index fund provider declared that up 95 percent of Bitcoin trading volume as seen on CoinMarketCap (CMC) was due to so-called wash trading.

Wash trading is a type of market manipulation where sell and buy orders are simultaneously placed on the same asset to create false and misleading trading activity in the market. Wash trading is illegal in regulated exchange platforms.
95 percent of BTC trading volume is fake

As part of its Bitcoin exchange-traded fund (ETF) application to the United States Securities and Exchange Commission (SEC), Bitwise submitted a proposed rule change that included a report on the Bitcoin trading market. According to the report, 95 percent of the recorded BTC trading volume is due to wash trading by bots.

So, where CMC figures would show about $11 billion in daily BTC trading volume, the actual figure less wash trading would be about $470 million. For Bitwise, the problem comes from the fact that CMC and other similar platforms use fake data from obscure cryptocurrency exchange platforms.

The revelations from the Bitwise report on wash trading echo the findings of previous reports released by the Blockchain Transparency Institute (BTI) and Tie — a trading analytics platform. As reported by Cointelegraph, data from 97 exchanges show that 87 percent of cryptocurrency exchange volume was potentially false, according to Tie."

https://cointelegraph.com/news/bitcoin-wash-trading-sifting-facts-from-fears

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

Quote from: AUruHM on April 08, 2019, 01:24:43 PM

Quote from: yefi on April 01, 2019, 05:19:06 PM

Quote from: AUruHM on March 31, 2019, 12:31:38 PM

Does anybody know to exist some reasons for current growth? From 2.4$ til 3.5$. I don't find big fundamental events. Is it simple speculation or exist something? I don't wait for GRIN strong growth because such tokenomic don't offer by such a way. But I'm interested in technology and project Wink

Speculation of course. Market cap just broke out from the 12-15 million USD range. Wouldn't be surprised if there's another push, but after that supply will start to catch up with demand again...

Miners producers 60 Grin in 1 minute. We have tons of GRIN every day. How price can grow naturally? With time? I think it's impossible. All minable coins should be rare for their price growth. But as I understand Grin was created with another idea - like some stable coin but with privacy and simplicity. Isn't it?

Stablecoin no, privacy coin? on a whole nother level

start down the rabbit hole here: https://github.com/mimblewimble/docs/wiki/MimbleWimble-Origin
if you were a harry potter fan growing up it makes more sense as well Wink

AUruHM

sr. member

Activity: 896

Merit: 251

Quote from: yefi on April 01, 2019, 05:19:06 PM

Quote from: AUruHM on March 31, 2019, 12:31:38 PM

Does anybody know to exist some reasons for current growth? From 2.4$ til 3.5$. I don't find big fundamental events. Is it simple speculation or exist something? I don't wait for GRIN strong growth because such tokenomic don't offer by such a way. But I'm interested in technology and project Wink

Speculation of course. Market cap just broke out from the 12-15 million USD range. Wouldn't be surprised if there's another push, but after that supply will start to catch up with demand again...

Miners producers 60 Grin in 1 minute. We have tons of GRIN every day. How price can grow naturally? With time? I think it's impossible. All minable coins should be rare for their price growth. But as I understand Grin was created with another idea - like some stable coin but with privacy and simplicity. Isn't it?

Cryptotourist

hero member

Activity: 1204

Merit: 755

Homo Sapiens Bitcoinerthalensis

Quote from: Globb0 on April 01, 2019, 02:00:42 PM

Stop grinning, is this really the low? or are you all being fooled?

Maybe.

#

Quote from: bbc.reporter on April 03, 2019, 10:44:04 PM

The cause of a good amount of the dumping is from the miners themselves because it would be safer for them to sell and hold every grin they mine in bitcoin, also because bitcoin holds value much better than grin does.

But isn't that the case for all newborn minable coins?

Quote from: bbc.reporter on April 03, 2019, 10:44:04 PM

https://docs.google.com/spreadsheets/d/1hGyC8tSivtZqjlu8aQgjG0pKfKc0L0RO0leMfjPADp0/htmlview#gid=0

Numbers are nice. Wink

#

Grined.

bbc.reporter

legendary

Activity: 3192

Merit: 1509

@Karto. The cause of a good amount of the dumping is from the miners themselves because it would be safer for them to sell and hold every grin they mine in bitcoin, also because bitcoin holds value much better than grin does.

Sub $1.00 is only a matter of time, I reckon.

https://docs.google.com/spreadsheets/d/1hGyC8tSivtZqjlu8aQgjG0pKfKc0L0RO0leMfjPADp0/htmlview#gid=0

Karto

full member

Activity: 280

Merit: 100

i dont think that GRIN can go under 1$
with the fast recognition in so many exchanges i see good potential

bbc.reporter

legendary

Activity: 3192

Merit: 1509

Quote from: Cryptotourist on March 31, 2019, 04:09:51 AM

10 years is literally a life time for crypto.
Instead I'm interested in the first year or two of a coin, more specifically trying to buy it's dips.
My position on Grin is that the current ATL (~0.00055 BTC per Grin) & whereabouts is/was a pretty good entry point.

As stated before, I do not agree with sub dollar or half dollar bottom predictions.
It's like thinking that BTC will drop to $2k or less - which I don't.
I don't even see dollars when dealing with alt coins - all I see is compared to BTC.

We cannot correctly speculate the comparison of the price of an in demand, widely accepted coin with supply cap and a newly released coin with an infinite supply, however.

I reckon sub $1.00 is more possible on grin that sub $2k for bitcoin.

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: AUruHM on March 31, 2019, 12:31:38 PM

Does anybody know to exist some reasons for current growth? From 2.4$ til 3.5$. I don't find big fundamental events. Is it simple speculation or exist something? I don't wait for GRIN strong growth because such tokenomic don't offer by such a way. But I'm interested in technology and project Wink

Speculation of course. Market cap just broke out from the 12-15 million USD range. Wouldn't be surprised if there's another push, but after that supply will start to catch up with demand again...

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Stop grinning, is this really the low? or are you all being fooled?

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: Cryptotourist on March 31, 2019, 04:09:51 AM

10 years is literally a life time for crypto.
Instead I'm interested in the first year or two of a coin, more specifically trying to buy it's dips.
My position on Grin is that the current ATL (~0.00055 BTC per Grin) & whereabouts is/was a pretty good entry point.

As stated before, I do not agree with sub dollar or half dollar bottom predictions.
It's like thinking that BTC will drop to $2k or less - which I don't.
I don't even see dollars when dealing with alt coins - all I see is compared to BTC.

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.

Cryptotourist

hero member

Activity: 1204

Merit: 755

Homo Sapiens Bitcoinerthalensis

Quote from: Hueristic on March 31, 2019, 11:34:25 AM

Do not put all your eggs in that basket or you will be crying yourself to sleep.

Thanks but never ever. Wink

It's all about BTC.

Utrine

newbie

Activity: 53

Merit: 0

Quote from: Cryptotourist on March 31, 2019, 04:09:51 AM

10 years is literally a life time for crypto.
Instead I'm interested in the first year or two of a coin, more specifically trying to buy it's dips.
My position on Grin is that the current ATL (~0.00055 BTC per Grin) & whereabouts is/was a pretty good entry point.

As stated before, I do not agree with sub dollar or half dollar bottom predictions.
It's like thinking that BTC will drop to $2k or less - which I don't.
I don't even see dollars when dealing with alt coins - all I see is compared to BTC.

I thought the bottom price of Grin is about $1. But I was wrong. The price is much higher now. And it is still rising.

Topic: Grin Observer - GRN/BTC - Price Movement and Discussion - page 32. (Read 19814 times)