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@Dragonrage201. BobLawblaw's prediction is it might be as low as $0.50. It might go lower than that, however.
Also, check the price patterns of the other popular inflationary cryptocoin, dogecoin, which presently has a 4.45% yearly inflation rate. It has always come back near its lows.
Grin will begin having an inflation rate of lower than 10% after 10 years, and lower than 5% in 20 years. We might need more lube hehehe.
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I guess Grin should have a windows wallet or something easier to store coins.. and then we can talk of bigger exchanges and price rise.
Agreed. However, I reckon Grin is following Monero's development style by creating a stable protocol first before developing a graphical interface. I see this as an opportunity to invest early before the mainstream get quick rich people enter. |
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@eaLiTy. Chris Weidman was never a top fighter, I reckon. He won 2 fights from Anderson, 1 by knockout because Anderson was stupid and the other broke Anderson's leg by accident. Chris would never win if was fighting the best version of Anderson.
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The ones who are scared of change are the ones who are benefiting from the current system a lot[/a]. Not that I'm telling that the Indian officials are engaged into money laundering and such activities, but seeing other countries doing good in terms of welcoming cryptocurrencies, I can see no major problem in making these cryptocurrencies legal at all. If anything, they can prevent money laundering and fraud if they have the right regulatory framework to work with, but they are so scared of diving deeper causing them even more worries and anxieties because they aren't ready to make a definite move.
It is ok to say it. The Indian people themselves know how corrupt their own government officials are. Every person in the cryptospace knows. |
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@boomboombazooka. I reckon the smarter people might have already sold last year and might never come back because Aeon is very illiquid. They got out, why baghold this again? It would be smarter to look for a better investment.
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I speculate that the Indian government might not be afraid that bitcoin may destabilize the rupee. It is the banks, which are the institutions that control the government, who might be afraid of bitcoin in competition versus their other secret operations. Money laundering. https://en.m.wikipedia.org/wiki/Money_laundering#Notable_cases From money laundering to terror financing, the risks associated with cryptocurrencies are well known. But a high-level panel tasked with drafting rules for India’s virtual currency ecosystem is now obsessed with its impact on a less-explored area.
The committee, led by the top bureaucrat Subhash Chandra Garg is believed to be in a tangle over the impact that digital coins will have on the Indian rupee if they are allowed for making payments.
“If bitcoin and other digital currencies are going to be allowed to be used for payments then whether it will end up destabilising the fiat currency is a major concern for them (the Garg panel),” said one of the representatives from the cryptocurrency ecosystem who recently met the ministers, requesting anonymity. “The overall impact on the financial ecosystem that it is likely to have is still unclear and it has been a challenge to convince them on this particular point."Read in full https://qz.com/india/1539944/india-fears-that-bitcoin-other-cryptocurrencies-may-hurt-rupee/ |
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Does everyone remember the story of QuadrigaCX's founder, who was claimed to be the only person in control of the exchange's cold wallet, died in India on December, 2018? There are new stories surfacing that the people left running the exchange are using the founder's death to exit scam. We might begin witnessing more small exchanges doing exit scams if the bear market extends out longer. Also, do not trade in small and unknown exchanges.  Quadriga's mottoThe Canadian exchange claims it has lost access to $145 million of digital assets due to its founder’s death, however, it is likely that QuadrigaCX never had this money.
QuadrigaCX, the largest Canadian cryptocurrency exchange in terms of trade volume, has recently grabbed the headlines due to its controversial insolvency. It filed for creditor protection after the sudden death of the company’s founder and CEO Gerald Cotten, which had led to the liquidity crisis.
The explanation for this was rather extraordinary. It turned out that Cotten was the only person who controlled all private keys to the cold storage wallets where QuadrigaCX used to hold almost all of its funds. As a result, QuadrigaCX had to confess it failed to locate or access about $145 million in various digital assets.
At first, humanity prevailed. After all, Cotten was only 30 years old, and he went to India with a charitable goal to open an orphanage where he died. Meanwhile, his widow has been reportedly receiving threats from the clients of the exchange, who are furious and learning a tough lesson of the golden cryptocurrency rule, ‘not your keys, not your coins.’
Notably, Jesse Powell, the head of the Kraken exchange, which is one of the largest and most influential exchanges, also shares these views. In his latest post on Twitter, he touched on issues of witnesses, identity verification, and credibility of a death certificate. He is ready to share some insider information with Canadian authorities if the need arises.
Besides the above-mentioned $145 million in digital assets, the exchange also owes its users more than $50 million in fiat currency, according to the court filing. The fiat issues started because of a legal dispute between QuadrigaCX and the Canadian Imperial Bank of Commerce (CIBC), which last year froze multi-million accounts linked to Costodian Inc., one of Quadriga’s payment processors. There were also problems with Billerfy and WB21, two more payment processors working with Quadriga and are holding part of its funds.
In this regard, Powell claimed the entire case looked very much like an exit scam. He cites the suspicious combination of recent developments, including sudden disappearance of the founder after fiat problems and high withdrawals.
To make things worse, a respected crypto industry researcher, Crypto Medication, published a comprehensive blockchain analysis of Quadriga’s addresses and transactions. Based on its findings, the experts concluded that QuadrigaCX did not have as much Bitcoin as it claimed on the affidavit which it submitted to the Canadian court.
Even worse, the researchers revealed that the exchange had no identifiable cold wallet reserves. Instead, it used one client’s deposits to fund another client’s withdrawals. This explains the occasional delays in withdrawal execution, as sometimes QuadrigaCX did not have enough liquid funds at its disposal.Read in full https://beincrypto.com/quadrigacx-saga-human-tragedy-or-yet-another-exit-scam/ |
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Mike Novogratz changes his predictions accordingly to what the market would be doing at present. He wants get some publicity from the bitcoin news media to promote himself and his hedgefund. Do not listen to him, listen to Tom Lee hehehe.
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@wavessurfing. I reckon the psychology of a functioning community behind a weak cryptocoin is normally caused by a group of bagholders. We the loyal holders who held and will hold have no other way but to make as loud of a noise to let Aeon be known and hope that people buy and join us in bagholding.
The smart people left, I reckon. Some with profit hehehe.
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When Grin is under pressure:  Please excuse me.  You can do this girl! We will help you get through this hehehe. Do not forget the lube, however. There are more dumps coming from the miners. We are going to $1, I reckon. |
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It might make a small bounce, however this bear market is taking everything down with it. Grin will not be an exception, sadly.
However, this is also good because we can take the bagholders attitude and buy more while it is cheap hehehe.
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Floyd is making a storyboard. The delays are simply part of hyping the fight. It will make the fans talk about it more and it will make all of us anticipate it more. When Floyd sees that the fans are ready to be separated from their money, he will sign the contract hehehe.
With the exposures media has created before and after the fight of Manny Pacquiao,the meetings in the NBA game not once but twice?certainly this is the strategy they use to gain more popularity and to get the pulse of every people round the world.and ofcourse to sell more tickets and increase his professional or talent Fees lol They used the same accidentaly meeting in a basketball game strategy in 2015 before Floyd versus Manny 1 became official. They are using it again and it is becoming very predictable. They should hire Dana White to write their storyboards and organize a bus attack hehehe. |
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Anderson should retire, reckon. He has nothing to bring and show in the octagon anymore. He is old.
@Travelmug. However, Anderson was also cocky. Watch his fight versus Chris Weidman hehehe.
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I cannot find the words to express how shameful and how very low this person is for the human race. I shake my head.
However, I do not know the whole story except for what I have read in this article. Does Peter Vessenes and Coinlab rightfully have strong claims strong claims? no. the agreement was forged on misrepresented operational health and solvency. most of vessenes' claims are based on revenue that never existed in the first place, so now he's trying to take the money from the pockets of mt gox depositors. shameful is right. he's already a pariah in the bitcoin community because he's been building these claims in plain sight for years. Also, he is part of the Metronome ICO together with Jeff Garzik. Maybe that scam is already dying and he thought that it might be good to move on to the next scam. Peter's strategy might be to delay the payouts until the claimants settle with him in exchange for a share of their bitcoins. |
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@1Referee. You are wrong hehehe. There are regular joes who buy when the price is going down in a bid to buy the lows. Ironically doing it causes more mistakes of buying at the wrong time and at the wrong price.
Most people will not admit this.
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@mich. It appeared that Jose Aldo might have hurt his knee or his ankle when he did it hehehe. He was hiding the pain, however there was a very faint limp in his walk when he returned in the octagon.
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The Dow Jones, the Nasdaq and the other major stock markets around the world are presently bullish. I reckon the institional types would have no reason to pull their money out to hold a cryptocoin they do not understand hehehe. What they might be doing is preparing for a gold pump if they exit stocks. The ETF might be bitcoin's only chance of getting the next flow, in form of multibillion investments, from the institutional types. |
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I cannot find the words to express how shameful and how very low this person is for the human race. I shake my head. However, I do not know the whole story except for what I have read in this article. Does Peter Vessenes and Coinlab rightfully have strong claims on all the money to make him think that all the Mt.Gox victims should get nothing?  Peter Vessenes smilingAttorney Daniel Kelman tweeted, “Peter @vessenes is now confirmed as the party claiming ¥1.6 [trillion] JPY in damages from MtGox. He apparently thinks MtGox victims should get nothing.”
Mt Gox was, at the time half a decade ago, processing upward of 70% of the world’s bitcoin, and when it finally collapsed, a lot of people lost a lot of money. Investigations were launched. Funds were reportedly gone forever, then were suddenly recovered, and then were revealed to be only a fraction of the real amount. Price appreciations in 2017 appeared to make what was left over more than compensation solvent for victims, and then prices crashed. Trust appointees have dumped BTC onto the market, resulting in, some contend, various price crashes. And those are only part of the story.
The latest wrinkle in the saga can be summed up by crypto exchange Kraken CEO and founder Jesse Powell, who gasped, “Unbelievable balls on [Vessenes] to hold up payouts to thousands of victims for years with an entirely frivolous claim over a botched partnership attempt. How could you think that your $16B claim should be senior to the actual account holders’? How do you show your face?” As of publication Vessenes has not responded.
Reports from the middle of last year claimed something like $1 billion in BTC would be returned to victims, and it’s not immediately clear what impact Vessenes’ claim would have on that dispersal. However, a court’s challenge is to find who is owed what amount and in what order. Conceivably, Vessenes’ claim could wipe out the entirety of what’s left, and at least hold up the process altogether if a court finds his claim worthy of investigation. Document of Peter Vessenes' claimRead in full https://coinspice.io/news/former-bitcoin-foundation-chair-claims-billions-from-mt-gox-ahead-of-victims/ |
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@squatter. What makes me think total miner's rewards might be low? It might because there will only be 21,000,000 bitcoins in existence hehehe. Miner's rewards are going to 0, except for the fees. Can the miners sustain themselves from the fees alone?
Also, if the fees in bitcoin are permanently high, would it not make the people begin using other cryptocoins?
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