Topic: Grin Observer - GRN/BTC - Price Movement and Discussion - page 36. (Read 19750 times)

Are we bouncing or what?

I reckon everyone should compare Grin to the other more similar cryptocoin with a similar monetary policy. Dogecoin. Everyone is busy comparing Grin's monetary policy with Ethereum's monetary policy, however, they are very different projects.

Oh a short squeeze is also fine by me, it doesn't have to be FOMO  
Right now shorting any PoW or PoS coin seems to be a good idea... I believe this because there are less buyers than there used to be but a lot more coins which were created during 2018.
The inflow we have right now into cryptocurrencies is not enough to counter the dumping from the newly forged coins every PoW or PoS blockchain issues as block rewards... we're spread too thin across too many projects and it's hard even for experienced investors to single out good projects like GRIN and HOLD them, so there's a lot of dumping of anything mine-able.

What I also believe however, is that the market is crooked, so I'm sure that one day we'll wake up and we'll see a 100% rise in everything. The next day another 50%... people will wait for a correction but we'll be flat for a week and then another 100%... then FOMO for a few days and then back down 50% in one day.
My point is: DON'T SHORT ANYTHING... there's no limit to the upside. At least there's a limit to the downside so going long is safer.

I'm not sure what happened over the last 24 hours, but my projected earnings at grin-mint have dropped in half.

Maybe I'll just stop mining this shit after mining 60 GRIN.

Starting to lose interest in mining it.

A safe bet today is going short with high leverage on British Pound Sterling and GRIN for getting rich quick.

My analysis is based on Wyckoff's philosophy, maybe it's a bit early to do it, but it's my way of looking at trade. However, I did it at 4 hrs. It does not mean that the analysis tells me that you can not become a millionaire with GRIN from one day to the next.
My way of analyzing the market is very different, that is why I take into account the USDT and the decisions I make to enter / BTC with all the altcoins, not only based on the technical analysis with indicators, I see some phases and volumes. ,  Offer and demand. Also keep in mind that I am a market speculator in the medium or long term. The beauty of commerce is that we all think differently, and so far this type of analysis has helped me to better understand the market and, especially, to stop losses. In these moments, since it is in a clear phase of accumulation, it would be excellent to buy, because I know that when Bitcoin rises, GRIN will go up, and those that bought cheaply will have great benefits. In short, GRIN must maintain and not sell cheaply.

My target to start accumulating some is anywhere sub $.50, as I said my guess is 2 or 3 years. Feel free to quote me on that.

I do not understand the price, mining GRIN is so profitable comparing with other altcoins, so why people are buying GRIN from miners for such high price? Even they do not about the high inflation rate?

@LUCKMCFLY. Your long analysis condensed in one picture hehehe.



@Cryptotourist. Grin might not fall to sub dollar prices, however it might also not sustain a type of price increase similar to bitcoin.

Inflation will be over 10% for the next 10 years and I am certain some large bagholders will be selling on the pump during periods of fomo. Grin might be more like dogecoin for the first few years before becoming something like bitcoin, I reckon.

The Grin development team were very serious when they said that Grin is not for getting rich quick.

Hello, I did my analysis, something different, but I hope it contributes, first my analysis style is based on doing it in GRIN / USD, in this case GRIN / TETHER, which, as I could see, is a young coin, and there is still a lot to define, but I can rescue in the last movement that the price goes down with very little volume, which tells me that there are fewer purchases or less demand, I get that information by the volume of operations ... I made a small range in 4Hrs, and 3 and 3.2, where I saw this behavior:



Then I go to GRIN / BTC in Bittrex and I observe that the range in 0.008 occurs that lowers the price with little volume, but that in the range of 0.0012 there is a ceiling or an important opportunity area, in that range if there is no longer offer , there is a possibility that it starts to rise (this is as long as Bitcoin is lateralized or begins to rise), but if Bitcoin falls, this analysis is obviously invalidated. I base my analysis because I like to see how liquidity is with Fiat money, good in this case Tether, and take the analysis from there because the BTC story can change.



The analysis I always do to days, months, to see what behavior they have, but on the basis that it is a young coin, I make this fractal at 4 Hrs. To get more detailed information, since at Days, we see a little more lateralized behavior.
Hopefully Bitcoin is lateralized or climb a little more to see Grin a little higher.

@Febo. Bisq never had relevant volume for helping with any coin's mass adoption, however. But depsite that, Grin's way of transacting between users might also make it a challenge to create a centralized person to person trading platforms similar to localbitcoins.com which was a big contribution to bitcoin's adoption.

It might also make it hard to prove disputes in over the counter trades if someone did it in currecny exchange subforum.

It was delisted from BisQ. Reason was that there was to many disputes and you could not prove your transactions so people started abusing that.  I guess that is what Grin will have to figure out in future to get listed on decentralized exchanges.

But fondly remembered in a few years, not everything is a get switch quick scheme.


shit I just typed that ^^^ Doh

Of course I respect anybody's opinion.

Maybe I should have unloaded my stack - but I explained why I didn't.
In either case, I still don't ever see Grin reaching sub dollar prices for only one reason.
Miners.
Naturally should they flee, difficulty will drop and rewards will go up - but still never under one dollar.
I imagine that only FOMO will be enough around those prices to ensure my theory.

Finally it would be better to estimate it's price compared to BTC instead of the $.
~0.0005 BTC per Grin, is the absolute bottom imho - another ~40% down from where it currently is.

This is speculation only - as always.

Not sure if theymos' right but I agree with you that this is not an ideal entry. The chart shows a clear down trend. Though there's a green candle but it couldn't break the trendline. It's risky (50/50) to buy at this point.

About falling to $0.50? If it fell to that range, I'd buy no matter the chart.

Do not listen to thrantidung's advice. This is not a safe entry point for short term, medium term or any term. Listen to theymos, he is the person with the most experience in the cryptospace, and Grin might fall to $0.50, according to him.

Thanks for sharing the daily price chart.
The chart presents the fact that we have reached safe enter point with Grin coin.
Not sure that Grincoin will bounce back soon or not, but current price of the coin is safe to invest, in medium-term aspect.

Yup, don't forget to set your sells if you want to gamble and leave your coins on an exchange.

Is it listed on a Dex yet?

However, there might be some pump and dumps in between similar to how dogecoin was pumped when the whole cryptospace was pumping.