Grin Observer - GRN/BTC - Price Movement and Discussion - page 33.

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.

AUruHM

sr. member

Activity: 896

Merit: 251

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

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

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.

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

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

i have been trying to buy the dip
selling mined coins around 75k, hoping for a drop to 40k to buy a storm
wont happen, but i refuse to buy till 40k or lower Cheesy

too much inflation
exchanges only wallet basically also, which means guaranteed a buncha GRIN gonna get hacked out of users hands in next 3 or so months : /

ukloon

sr. member

Activity: 798

Merit: 281

I the problem is with the supply. It is not known if there is a fixed amount of coins which puts selling pressure on the price. It could be a competitor to monero, but at least people know that XMR will not exceed 19 million coins in the near future

Cryptotourist

hero member

Activity: 1204

Merit: 755

Homo Sapiens Bitcoinerthalensis

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.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

@Cryptotourist. Agreed, hopefully hehehe. However, I am ready to dump some on this pump to recover some losses and buy back again when it dumps.

I reckon the possibility of a sub $1.00 grin will always be there for the first 10 years.

Cryptotourist

hero member

Activity: 1204

Merit: 755

Homo Sapiens Bitcoinerthalensis

Hopefully it's swimming with the whales time. Grin

Need to see it break through 0.0010 to be convinced.

Dragonrage201

full member

Activity: 630

Merit: 110

Grin price seems to have bottomed in the low $2s and now bouncing back. Do not know if it will fall into $1s in future or not.

yefi

legendary

Activity: 2842

Merit: 1511

Looking good, at least for the short term.

kabit9

full member

Activity: 853

Merit: 114

Quote from: RivAngE on March 21, 2019, 06:02:21 PM

Quote from: kabit9 on March 21, 2019, 12:51:32 PM

is there a good reason why one of the 'most promising' projects is taking such a beating?

This has been asked a dozen times, though I understand it that you can't scroll through the many pages to find it posted here and there.
It's mainly because in the early period the inflation looks a bit too high and the price can't be sustained without broad enough acceptance. Now we have many coins in circulation and since the coins was too profitable for mining initially, most miners dumped without second though.

Now we have a down momentum but it should stabilise any moment now.

Thank you very much Sir for a polite and clear answer (a rarity on the forum these days).

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Quote from: Cryptotourist on March 20, 2019, 03:19:49 AM

New ATL. Great!

The perfect scenario for me is Grin coin falls to $1.
If the coin really fall to $1, I will buy it immediatly without any level of hesitation.
I have tried to prepare as much available capital as possible for that day.
It's my plan for the Grin coin accumulation and thank @theymos for warned that the Grin coin price will drop over time.

Quote from: theymos on January 17, 2019, 07:52:13 AM

Since the inflation rate is so high in the first ~year, I think it will probably go even lower, probably under $1, and I'd expect the price chart of the first year to be a general downward trend. Again, I don't particularly recommend buying this stuff, and I myself am not going to be buying large amounts soon.

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Quote from: smartcomet on March 18, 2019, 09:06:58 AM

United States 10-Year Bond Yield is between 1.5-3% in recent years, so when Grin in this range inflation, it is in 34 years and 67 years.
Let’s give Grin 1/3 market cap of Bitcoin, today BTC price is $4000.

Year # Yearly monetary inflation rate price $
34 3% 8/3=2.67
67 1.5% 4/3=1.33

So Grin price is reasonable in $1.33 --- $2.67
(now price is $2.62)

Can you explain this further? Where did you get 8/3 and 4/3? Also, 1/3 marketcap of bitcoin and grin is still in $1.33 - $2.67? I assume you already accounted for the coins mined, however what if bitcoin goes on a new all time high and this pumps grin with miners refusing to sell?

I reckon we might witness grin reach the top 10 and fall back within the top 50 within 10 years.

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

Quote from: kabit9 on March 21, 2019, 12:51:32 PM

is there a good reason why one of the 'most promising' projects is taking such a beating?

This has been asked a dozen times, though I understand it that you can't scroll through the many pages to find it posted here and there.
It's mainly because in the early period the inflation looks a bit too high and the price can't be sustained without broad enough acceptance. Now we have many coins in circulation and since the coins was too profitable for mining initially, most miners dumped without second though.

Now we have a down momentum but it should stabilise any moment now.

kabit9

full member

Activity: 853

Merit: 114

is there a good reason why one of the 'most promising' projects is taking such a beating?

Cryptotourist

hero member

Activity: 1204

Merit: 755

Homo Sapiens Bitcoinerthalensis

It's truly depressing looking at Grin charts.
Every time I'm like - hey it went down there, surely it's going to bounce off now. Not.

From a positive angle, surely we must be looking at a crazy ride up sooner or later. It can't just go down for ever. Huh