@Hueristic. But only currently, however. Grin will have less than 5% inflation within 25 years similar to what bitcoin began to have after the first 8 years of its existence.
@HairyMaclairy. I reckon you already sold and waiting for sub $1.00 with the rest of us hehehe?
Topic: Grin Observer - GRN/BTC - Price Movement and Discussion - page 32. (Read 19694 times)
@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
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".
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.
@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
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.
@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
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.
I am pleasantly surprised price is still above 50k satoshi. It seems I was way to pessimistic as always
miss the last 2 months ride up 
https://www.coingecko.com/en/coins/grin
https://www.coingecko.com/en/coins/grin @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
Sub $1.00 is only a matter of time, I reckon.
https://docs.google.com/spreadsheets/d/1hGyC8tSivtZqjlu8aQgjG0pKfKc0L0RO0leMfjPADp0/htmlview#gid=0
so very important difference with monero, with large inflation.
Stop grinning, is this really the low? or are you all being fooled?
Maybe.
#
The cause of a good amount of the dumping is from the miners themselves because it would be safer for them to sell and hold every grin they mine in bitcoin, also because bitcoin holds value much better than grin does.
But isn't that the case for all newborn minable coins?
Numbers are nice.
#
Grined.
Agreed that it might be the case for new minable coins, however, it might take a longer time for grin to become the miners' first choice as a store of value because it is inflationary and also because bitcoin will always store value better than grin until grin has higher demand and a 1% inflation rate.
Does anybody know to exist some reasons for current growth? From 2.4$ 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
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 $470 million. For Bitwise, the problem comes from the fact that CMC and other similar platforms use fake data from obscure cryptocurrency exchange platforms.
The revelations from the Bitwise report on wash trading echo the findings of previous reports released by the Blockchain Transparency Institute (BTI) and Tie — a trading analytics platform. As reported by Cointelegraph, data from 97 exchanges show that 87 percent of cryptocurrency exchange volume was potentially false, according to Tie."
https://cointelegraph.com/news/bitcoin-wash-trading-sifting-facts-from-fears
Does anybody know to exist some reasons for current growth? From 2.4$ til 3.5$. I don't find big fundamental events. Is it simple speculation or exist something? I don't wait for GRIN strong growth because such tokenomic don't offer by such a way. But I'm interested in technology and project
Speculation of course. Market cap just broke out from the 12-15 million USD range. Wouldn't be surprised if there's another push, but after that supply will start to catch up with demand again...
Stablecoin no, privacy coin? on a whole nother level
start down the rabbit hole here: https://github.com/mimblewimble/docs/wiki/MimbleWimble-Origin
if you were a harry potter fan growing up it makes more sense as well
Does anybody know to exist some reasons for current growth? From 2.4$ 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
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...
Stop grinning, is this really the low? or are you all being fooled?
Maybe.
#
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?
Numbers are nice.
#
Grined.
@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
Sub $1.00 is only a matter of time, I reckon.
https://docs.google.com/spreadsheets/d/1hGyC8tSivtZqjlu8aQgjG0pKfKc0L0RO0leMfjPADp0/htmlview#gid=0
i dont think that GRIN can go under 1$
with the fast recognition in so many exchanges i see good potential
with the fast recognition in so many exchanges i see good potential
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.
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 $2k for bitcoin.
Does anybody know to exist some reasons for current growth? From 2.4$ 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
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...
Stop grinning, is this really the low? or are you all being fooled?
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.
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.
Do not put all your eggs in that basket or you will be crying yourself to sleep.
Thanks but never ever.
It's all about BTC.
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