Bitcoin Forum

GRIN got a huge pump to $14 but now it has dumped to $3+. Will it be wise to invest in GRIN now or I have to wait some times more? Does it have any chance to get dumped too.

You must analyze how much demand for grind and i guess the price of grin will go to the another bottom level. You an put a little money at this rate and try to keep some of your amount to buy in another rate when it reaches the bottom. To spent all of your money in the one price looks a terrible idea.

No one can say that this is the right time to buy grin. Better follow your instincts so you will not blame anyone once you decide. It is your money at stake. Maybe you are just looking for a guide or ideas to contemplate with.  ;)

Well it really depends and i think you gotta put yourself into it to know if its a good coin

As a public chain bias person, i would not favor privacy coins here because i believe when we comes to money (Public money)
IT is important to be transparent instead of hiding it
I mean people would have different aspect and opinion, but i believe transparency is the way to go

Because of its emission schedule is not. Grin should be cheapest like 2-3 years from now. But if you look short term is possible. Because Grin is not listed on many big exchanges. And listing on exchanges makes hype. So you can make some short term profit there.  

Pumping and dumoing is part of the game or we can say its a market cycle if you truely believe in their tech and team i think you should invest and the project will definitely gain if they come up with practical solutions.

Looks like the interest about GRIN died after the initial hype pf being accepted here as a payment method, and I don't see any signs of stop.
I plan to wait until GRIN drops under a dollar and will buy few hundred to test the water.

Have missed the pump of Grin and now feeling a little bitter for not believing my friend to invest when the value is just a penny,now the price dumped to $3 so i think i shall wait for atleast back to penny value before purchasing to add in my holdings

i will be wary too much hype https://www.coingecko.com/en/coins/grin

While it may be a good project to invest for the long term, the current price may be high so wait for it to come more down.

Do your own analysis about the price instead of taking financial advises from random strangers. If you think the price will be pumped back to $14 (after doing your own research) and willing to take a risk, then go ahead, invest whatever you can afford to lose. If you think the price won't be pumped and will instead fall, then don't go for it. Period.

Understanding the reason for the rise and subsequent fall would help guide your decision on investing.
Grin was recently endorsed by Bitcoin forum, and this acted as a sort of shill and could have caused the rise and then the price corrected. This may not be the bottom yet, you have to make your own analysis.

There is a lot of excitement about grin in the forum and it is understandable since it seems one of the few good projects out there but when I see its emission rate I cannot help to think that grin will keep going down in price for a year or two so I do not see any need to buy the coin now, take your time but keep watching the market once in a while and see if it is finally the right time to get some grin in your portfolio.

The market just started to pump and if you will apply the philosophy of buying low and selling high, you will start buying coins that has potential at their lowest. And as you  can seee with GRIN, you should start buying it if you solely like it.

If you understands the risk that it may go lower then wait for some moment before buying. But if you did your research and analyzes it well, you'll start to think that it's best for someone to buy which applies for any coin if it hits the bottom.

Wait for another dumped from 1st upto 3rd dump then i think that's is the right timing to invest, but of course you need to leanw ell and analysts it well and the decision is your to avoid blaming.

Grin has an unlimited supply so i don't consider it a good investment and neither does theymos. However, it is new technology so early investors and adopters might benefit if it goes mainstream. One to keep an eye on but not to put coins into it

The chart does not look so comfortable based on the daily supply! If there was a limited offer, it would be a good entry, but it's a difficult situation, only you can decide.

Wait for $2 if you ask me. It's good tech, but it's not gonna last long as both LTC and BCH will implement MimbleWimble so nobody wuold actually bother using Grin. What you're relying on is a good pump, and it's not going to happen immediately after the previous one.

i looked into it, and in my opinion it would drop a little more.

Grin has infinite supply but short term, the supply is still low. I am hoping for a hype again which may take grin to $20 at maximum. In that case, investing now makes sense but I will wait for a while now to see if the prices go lower again as someone said it might face another bottom.

@Little Mouse. The present supply should not matter, however inflation should. Grin will have an inflation rate of over 10% for the next 10 years, over 5% for the next 25 years.

Compare that to dogecoin's price pattern which presently has a 4.45% yearly inflation and you might not like what you see.

Thank you for breaking down the aspect. Looks like I have to consider all possibility before going for investment. I was thinking differently though.

Hype can happen at any moment. But that will be short term correction. You will need to act fast and sell at right time.  Also since Bitcoin is close to bottom I would rather look at Grin price in BTC then USD. Bitcoins USD price will mostly go up in next 3 years. So even if Grin price stays same Grin will still lose compared to Bitcoin.

3 dollars is still a good price to buy if you ask me. Grin is a solid coin with strong  potential. It could dip further, rise or stabilize at this price. It could even end up being affected by the current market. Nothing is certain here.

It's easy to get caught up in all the hype, but if a project demonstrates solid development progress and has a good community forming behind it, it's likely to represent future value, regardless of its relatively high inflation rate so don't focus so much on trying to profit immediately if you're seeking to invest and just add some to your portfolio when it gets cheap enough as there'll likely be rewards for doing so once the technology matures a little further and the market trends upward again

That pattern looks like a real downer, right. On such a high inflation they are more sort of a collectible for enthusiast.
Might be the right coin for GPU mining on the other hand just today.

The hype for grin is over for now IMO price will get down between 1.5$ to 2$ then you can enter & the price will increase gradually over the longer time based on how they devlope their infrastructure & work on business partnership in future. The recent pump of GRIN was purely speculation & due to that a big hype got created.

I am really intrigued by the Grin project. I like what they stand for so I will invest some

grin is very quiet now https://www.coingecko.com/en/coins/grin
its a nice time to accmuluate and stack, volatility will come unexpectedly

I suggest you use some indicators like RSI and open it with tradingview. If the indicator says it will still go down below $3 then wait for it before buying and investing some of it. But if the indicator say it will finally go up, buy now. It is maybe it's bottom price. You'll surely have profit by now if you buy on it's dip.

The fact is that this is a very thin line and it is not always possible to catch it, even with the most intensive and attentive information processing. It is clear that the cryptocurrency market needs to be monitored constantly, and most of the free time is spent on this, but many projects have fluctuations very often and very sharp.