Market starting to break apart
Hotbit @ 0.00202
BitForex @ 0.00165
300 coin sell “wall” at 0.0021600 at Hotbit
Topic: Grin Observer - GRN/BTC - Price Movement and Discussion - page 57. (Read 19527 times)
Come to think, have probably been quite hypocritically manipulative enough myself on the political side. So let me just say it's been an honour to watch you at work 
^^^. +1 GO's merit
Come to think, have probably been quite hypocritically manipulative enough myself on the political side. So let me just say it's been an honour to watch you at work
Now up 58% today. We are running very hot at the moment - entering spike / bubble territory imho but you can never really tell how long these things will run
Edit. WTF 5 minutes later
Edit. WTF 5 minutes later
Can we talk about how the op constantly criticises the grin team and their decisions? In order to manipulate the price down? Or is that considered "off topic"? Whatever that may mean?
I would be very happy to discuss the emissions schedule with you. It is entirely possible you might change my mind. I am trying quite hard to be open minded about it.
So please go ahead.
Over 0.0016 now, an impressive 39% increase.
I've been waiting for an exchange I'm already using to list it, but it seems I am missing out on some decent volatility.
I am expecting Grin to follow a pattern a little more akin to Monero's, which had a lot of interest in advance, no institutional backing, idealistic devs, fair launch etc. Monero's initial trading range was higher than it got back to for many months, then there was no serious rise until two years had passed.
The lack of major exchange listing when supply is relatively low is balancing things right now. It's a Goldilocks price. I would expect more spikes up as larger exchanges come on board, but medium term a slide as the large emission takes it's toll and supply swamps demand in a flat(ish) general market that is still seeing BTC dominance high.
Long term (and the market is more mature, so things should move faster than when Monero appeared) if the tech proves its use case, supply and demand will tend to balance out and of course there should be a bull run to help out.
TLDR:
IMHO: Probably no rush to buy - but if you want in now, be prepared to trade, average down and accumulate for a while.
I've been waiting for an exchange I'm already using to list it, but it seems I am missing out on some decent volatility.
I am expecting Grin to follow a pattern a little more akin to Monero's, which had a lot of interest in advance, no institutional backing, idealistic devs, fair launch etc. Monero's initial trading range was higher than it got back to for many months, then there was no serious rise until two years had passed.
The lack of major exchange listing when supply is relatively low is balancing things right now. It's a Goldilocks price. I would expect more spikes up as larger exchanges come on board, but medium term a slide as the large emission takes it's toll and supply swamps demand in a flat(ish) general market that is still seeing BTC dominance high.
Long term (and the market is more mature, so things should move faster than when Monero appeared) if the tech proves its use case, supply and demand will tend to balance out and of course there should be a bull run to help out.
TLDR:
IMHO: Probably no rush to buy - but if you want in now, be prepared to trade, average down and accumulate for a while.
Can we talk about how the op constantly criticises the grin team and their decisions? In order to manipulate the price down? Or is that considered "off topic"? Whatever that may mean?
Sure we can talk, but isn't that the name of the game? Saying one thing and doing the other.
Whale investors prefer cheap Grin you know.
Grin is mooning https://www.coingecko.com/en/coins/grin 
Can we talk about how the op constantly criticises the grin team and their decisions? In order to manipulate the price down? Or is that considered "off topic"? Whatever that may mean?
Nice one Hairy!
What this thread needs on it's first page, is a historical snapshot:
What this thread needs on it's first page, is a historical snapshot:
Lurking from the shadows, interesting thread.
Interesting comparison. I didn't pay any attention to RVN at the time so don't know a lot about it.
Edit: the concept sounds appealing - tokens on Bitcoin - but I think it would need to be a sidechain to have a desirable level of security for me.
Grin continues to climb. Now at 0.0014
Edit: the concept sounds appealing - tokens on Bitcoin - but I think it would need to be a sidechain to have a desirable level of security for me.
Grin continues to climb. Now at 0.0014
Some have been looking to Ravencoin's early days for comparison. It was something of a big deal last year, though not as much as Grin. The cypherpunk pedigree and mantle of "possibly the next bitcoin" were similar. Bonkers early emission rate also very similar.
It launch in early Jan. 2018, but I can't find good trade data before ~Apr. 2018, so comparisons are tough to come by.
It launch in early Jan. 2018, but I can't find good trade data before ~Apr. 2018, so comparisons are tough to come by.
Nice thread you've got here. You're just missing Nazis.
Nazis posting quality TA are fine.
Break out past 0.0013. Bullish.
Can I be honest?
I love the tech but think the infinite emissions policy is broken.
And the dev team haven’t put themselves in a strong position by announcing there will be regular hard forks.
So soon enough someone will hard fork it with a 4 year halvening cycle.
Which begs the question - what happens to Grin with a contentious hard fork?
I love the tech but think the infinite emissions policy is broken.
And the dev team haven’t put themselves in a strong position by announcing there will be regular hard forks.
So soon enough someone will hard fork it with a 4 year halvening cycle.
Which begs the question - what happens to Grin with a contentious hard fork?
It is not broken. Infinite supply assures better and fairer distribution because it discourages hoarding, which would also make the market discover a fair price for each grin.
It might not be perfect, but what coin has a perfect distribution?
The rest of your post is useless speculation.
Grin is designed to discourage hoarding by having an aggressive inflation schedule. The risk here of course is that supply exceeds demand during bear markets.
Basic economics teaches us that the price is driven towards zero when supply exceeds demand.
Of course the price is unlikely to ever reach zero, simply because there will be demand just at a much lower price. All of us would be happy to buy 1 million Grin for $1, given how powerful the underlying tech is. Grin *will* have buyers of last resort, so long as the tech is not fundamentally broken.
It just means that the price will likely stay depressed over the long term and could it make more volatile. It's a funny sort of analysis to say that Grin is likely to be more used as a currency because it is more volatile, than say Bitcoin.
I might suggest adding a link to the GRIN ANN / mining thread in the OP, for... reasons (?)
[ANN] Grin | PoW Mining | Electronic transactions for all. Community driven.
https://bitcointalksearch.org/topic/ann-grin-pow-mining-electronic-transactions-for-all-community-driven-5090427
[ANN] Grin | PoW Mining | Electronic transactions for all. Community driven.
https://bitcointalksearch.org/topic/ann-grin-pow-mining-electronic-transactions-for-all-community-driven-5090427
Nice thread you've got here. You're just missing Nazis.
Grin is following bitcointalk.org's traditions. Will it be the next bitcoin hehehe?
In any case, there are not much grin distributed for the market to discover the real price of each coin yet. This present grin market is easily manipulated, I reckon.
In any case, there are not much grin distributed for the market to discover the real price of each coin yet. This present grin market is easily manipulated, I reckon.
In short term price action, a recent rally to 0.0013 and then bounce off. Can we break through on third attempt?
Link to the CoinGecko page with basic exchange information. The Hotbit volume looks like it is fake with numerous trades recorded in the spread between published bid / asks without those public bid / asks ever moving.
https://www.coingecko.com/en/coins/grin
https://www.coingecko.com/en/coins/grin
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