jojo69
Legendary
Online
Activity: 3220
Merit: 4387
diamond-handed zealot
|
|
|
|
|
jojo69
Legendary
Online
Activity: 3220
Merit: 4387
diamond-handed zealot
|
|
January 18, 2019, 06:25:04 PM |
|
yuh ban thermos ...
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2562
Merit: 12453
BTC + Crossfit, living life.
|
|
January 18, 2019, 06:32:59 PM |
|
NO stress jojo, just riding those waves
|
|
|
|
theymos
Administrator
Legendary
Offline
Activity: 5250
Merit: 13093
|
Despite everyone's biggest fears that keep getting repeated ad nauseum, he flat out told people not to invest in it now seeing as how 60 coins are produced every 60 seconds and its highly experimental, unproven software that may have zero value in the future.
Yeah, I'm not making major purchases now or anything. And I definitely wouldn't mine it if doing so becomes unprofitable (though in fact it seems very profitable right now due to hype). Price-wise, IMO it'll start looking like a good buy if it hasn't been superseded by clones in about a year. I'll be looking for a point of low sentiment at that time. Some people have said that you'll need to wait like 3 years before it escapes from its inflation pit, but keep in mind that Bitcoin's inflation-rate-over-time was roughly the same in its first 4 years; such high initial inflation is why you saw people buying pizzas for 10k BTC like it was nothing. But growth, if it occurs, can overcome even pretty massive inflation. The tech is just so awesome: a high degree of privacy combined with by far the best decentralization-preserving on-chain scaling tech ever devised, plus several smaller innovations in grin's particular implementation. Even if it was somehow guaranteed to halve in price every year, I'd still consider it cool and want to do something with it.
|
|
|
|
JayJuanGee
Legendary
Offline
Activity: 3766
Merit: 10478
Self-Custody is a right. Say no to"Non-custodial"
|
|
January 18, 2019, 06:42:13 PM |
|
Despite everyone's biggest fears that keep getting repeated ad nauseum, he flat out told people not to invest in it now seeing as how 60 coins are produced every 60 seconds and its highly experimental, unproven software that may have zero value in the future.
Yeah, I'm not making major purchases now or anything. And I definitely wouldn't mine it if doing so becomes unprofitable (though in fact it seems very profitable right now due to hype). Price-wise, IMO it'll start looking like a good buy if it hasn't been superseded by clones in about a year. I'll be looking for a point of low sentiment at that time. Some people have said that you'll need to wait like 3 years before it escapes from its inflation pit, but keep in mind that Bitcoin's inflation-rate-over-time was roughly the same in its first 4 years; such high initial inflation is why you saw people buying pizzas for 10k BTC like it was nothing. But growth, if it occurs, can overcome even pretty massive inflation. The tech is just so awesome: a high degree of privacy combined with by far the best decentralization-preserving on-chain scaling tech ever devised, plus several smaller innovations in grin's particular implementation. Even if it was somehow guaranteed to halve in price every year, I'd still consider it cool and want to do something with it. Confirmed. Everyone (every single one) prepare to transition into Grin.
|
|
|
|
jojo69
Legendary
Online
Activity: 3220
Merit: 4387
diamond-handed zealot
|
|
January 18, 2019, 06:45:37 PM Merited by BobLawblaw (1) |
|
"Hundreds of thousands of Lloyds, Halifax and Bank of Scotland customers were unable to make payments from their online accounts today. " https://www.bbc.com/news/business-46925629Ahhhh, legacy system, don't you go changin'
|
|
|
|
sirazimuth
Legendary
Offline
Activity: 3416
Merit: 3532
born once atheist
|
|
January 18, 2019, 06:55:16 PM |
|
Confirmed. Everyone (every single one) prepare to transition into Grin. (<--grin)ftfy
|
|
|
|
_javier_
Member
Offline
Activity: 444
Merit: 31
Still a manic miner
|
|
January 18, 2019, 07:04:11 PM |
|
The grin mania is out of control.
I cant remember this enthusiasm for an ALT in this BTC wall observing thread.
|
|
|
|
YourMother
Legendary
Offline
Activity: 1281
Merit: 1046
|
|
January 18, 2019, 07:08:54 PM |
|
Repost of a classic chart (source unknown): This was drawn by a dumbass bear. As seen in the chart, in both previous halvings BTC has pumped by at least 3x before the halving event and by at least 10x, immediately and violently, after the halving event. And this idiot is trying to tell me that the next time will be different.
|
|
|
|
infofront (OP)
Legendary
Offline
Activity: 2632
Merit: 2790
Shitcoin Minimalist
|
|
January 18, 2019, 07:13:35 PM |
|
Repost of a classic chart (source unknown): This was drawn by a dumbass bear. As seen in the chart, in both previous halvings BTC has pumped by at least 3x before the halving event and by at least 10x, immediately and violently, after the halving event. And this idiot is trying to tell me that the next time will be different. Something occurring twice doesn't make for a convincing pattern to predict future events with IMO.
|
|
|
|
HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
|
|
January 18, 2019, 07:14:08 PM |
|
The grin mania is out of control.
I cant remember this enthusiasm for an ALT in this BTC wall observing thread.
Give it a week. Everyone will get bored and move on.
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
January 18, 2019, 07:15:52 PM |
|
Give it a week. Everyone will get bored and move on.
Speak for yourself. I just named all the children I keep in my porn dungeon after it.
|
|
|
|
LFC_Bitcoin
Legendary
Offline
Activity: 3584
Merit: 9870
#1 VIP Crypto Casino
|
|
January 18, 2019, 07:16:41 PM |
|
|
|
|
|
YourMother
Legendary
Offline
Activity: 1281
Merit: 1046
|
|
January 18, 2019, 07:19:49 PM Merited by JayJuanGee (1) |
|
Repost of a classic chart (source unknown): This was drawn by a dumbass bear. As seen in the chart, in both previous halvings BTC has pumped by at least 3x before the halving event and by at least 10x, immediately and violently, after the halving event. And this idiot is trying to tell me that the next time will be different. Something occurring twice doesn't make for a convincing pattern to predict future events with IMO. Definitely not a convincing pattern, but better than ridiculously stretching some shit without any backing for it
|
|
|
|
infofront (OP)
Legendary
Offline
Activity: 2632
Merit: 2790
Shitcoin Minimalist
|
|
January 18, 2019, 07:27:10 PM Merited by JayJuanGee (1) |
|
Despite everyone's biggest fears that keep getting repeated ad nauseum, he flat out told people not to invest in it now seeing as how 60 coins are produced every 60 seconds and its highly experimental, unproven software that may have zero value in the future.
Some people have said that you'll need to wait like 3 years before it escapes from its inflation pit, but keep in mind that Bitcoin's inflation-rate-over-time was roughly the same in its first 4 years; such high initial inflation is why you saw people buying pizzas for 10k BTC like it was nothing. But growth, if it occurs, can overcome even pretty massive inflation. Good point. Grin inflation ratesYear # | Yearly monetary inflation rate | 1 | 36500% | 2 | 100% | 3 | 50% | 4 | 33% | 5 | 25% | 6 | 20% | 7 | 17% | 8 | 14% |
Bitcoin Inflation RatesYear #bitcoins Inflation per annum 2009 1,624,250 ∞ 2010 5,020,250 209.1% 2011 8,001,400 59.4% 2012 10,733,825 34.1% 2013 12,199,725 13.7% 2014 13,671,200 12.1% 2015 15,029,525 9.9% 2016 16,075,400 7.0% Source
|
|
|
|
HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
|
|
January 18, 2019, 07:32:18 PM |
|
Worth noting that Bitcoin inflation is currently 3.8% dropping to 1.8% in May 2020.
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2562
Merit: 12453
BTC + Crossfit, living life.
|
|
January 18, 2019, 07:35:49 PM |
|
The grin mania is out of control. I cant remember this enthusiasm for an ALT in this BTC wall observing thread.
Give it a week. Everyone will get bored and move on. I was just going to say, the only thing driving me to look into this Grin stuff, is sheer boredom at the moment with BTC price stagnation. Wanted to play some vidya on my studio game system, but decided to head to bed to play on muh lappy instead; leave the studio system mining Happybucks. What have we become ?!??? cryptoslaves ?
|
|
|
|
RayX12
|
|
January 18, 2019, 07:39:34 PM |
|
gr........ is just another ploy to dump BTC into the next level of support. Nothing but manipulation at every step. ... ohhh the tech is so and so..
|
|
|
|
sirazimuth
Legendary
Offline
Activity: 3416
Merit: 3532
born once atheist
|
|
January 18, 2019, 07:40:19 PM |
|
The grin mania is out of control.
I cant remember this enthusiasm for an ALT in this BTC wall observing thread.
Give it a week. Everyone will get bored and move on. everyone in the know probably thinks/thought that (me included) about every coin launch ...including bitcoin I might add.... (and 99.99% of time they are right)
|
|
|
|
goldkingcoiner
Legendary
Offline
Activity: 2100
Merit: 1821
Verified Bitcoin Hodler
|
|
January 18, 2019, 07:42:32 PM |
|
|
|
|
|
|