Grin Observer - GRN/BTC - Price Movement and Discussion

[bbc.reporter]

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?

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.  

No, the price might stay depressed on its first years of distribution. However, as the supply grows, the percentage of new supply versus present supply goes down, price goes up. Assuming the demand grows to bitcoin level which is the goal.

Also, how would Grin be more volatile? More coins in circulation, more supply, more liquidity, less volatility.

The ticker used by exchanges is GRIN not GRN.

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[infofront]

OK - that's news to me, I will research it - do feel free to suggest a better one for Grin?

To buy? TradeOgre is fair. Simple. Small. Fees very reasonable.

Thanks, saw TradeOgre mentioned before when I was looking, but having not traded before on any exchange listing Grin right now, I plumped for BitForex.

BitForex 'seems' ok - I didn't spot anything too fishy, to be frank.  But a recommendation from a fellow WO junkie is always a little easier to follow

TradeOgre almost never gets high volume on anything, but they do have a good reputation.

[consideritdone]

What about Galleon? https://www.coingecko.com/en/coins/grin/trading_exchanges#panel
new exchange backed by vc

[Cryptotourist]

Morning Grin lovers!

Monday.
Glad I shorted my bags on Grin yesterday
I'll buy them back when we find a bottom.
Still mining of course.

Where the fuck is HM already? I want my analysis!!

[blacky90]

Is there any the business concept for this coin?

[HairyMaclairy]

Where the fuck is HM already? I want my analysis!!

Sorry been in transit and couldnt chart on a phone.



I'm out for now, it has broken support too many times.  I'll come back in a few weeks and look at it again.  

[tyz]

What do you think, how will the high inflation in the first five years affect the price?

[HairyMaclairy]

What do you think, how will the high inflation in the first five years affect the price?

I expect higher than normal volatility.  Downturns will be accentuated by high production from miners, lots of fresh coins having to find homes. 

[HairyMaclairy]

What about Galleon? https://www.coingecko.com/en/coins/grin/trading_exchanges#panel
new exchange backed by vc

Irrespective of its merits - it doesn’t have the volume to support meaningful trading. BitForex is thin enough.

[Cryptotourist]

I'm out for now, it has broken support too many times.  I'll come back in a few weeks and look at it again.  

+1 GO's merit.

Week(s) holiday?
From the looks of it, Grin has hit South.
Gone to find Jimbo. Always nicer in warmer climates.



Expecting it to stop for a drink around the $3-$4 area, later this week.

[LFC_Bitcoin]

I'm out for now, it has broken support too many times.  I'll come back in a few weeks and look at it again.  

+1 GO's merit.

Week(s) holiday?
From the looks of it, Grin has hit South.
Gone to find Jimbo. Always nicer in warmer climates.



Expecting it to stop for a drink around the $3-$4 area, later this week.

Glad I didn’t buy like I was thinking about yesterday. Time to sit back & watch what happens. I will probably buy £500 worth if it hits 3 or 4 USD (sorry for mixing up £ & $ but I always look for the price in $ & obviously set my buy pot in my countries currency).

[Cryptotourist]

Glad I didn’t buy like I was thinking about yesterday. Time to sit back & watch what happens. I will probably buy £500 worth if it hits 3 or 4 USD (sorry for mixing up £ & $ but I always look for the price in $ & obviously set my buy pot in my countries currency).

Good for you brother
Yes, patience is also required.

I want to stress that a ~$2 Grin would also make a great entry for the next joyride cycle, but I consider it unlikely.
We have to factor in the increasing mining difficulty and the expanding community.

[bitcoincidence]

Glad I didn’t buy like I was thinking about yesterday. Time to sit back & watch what happens. I will probably buy £500 worth if it hits 3 or 4 USD (sorry for mixing up £ & $ but I always look for the price in $ & obviously set my buy pot in my countries currency).

Good for you brother
Yes, patience is also required.

I want to stress that a ~$2 Grin would also make a great entry for the next joyride cycle, but I consider it unlikely.
We have to factor in the increasing mining difficulty and the expanding community.

I don't believe any more predictions in the course of this coin.
The last pump was already not supposed to happen
And because of the inflation hodling seems not really an healthy option too.
What a decisive nightmare 

[Cryptotourist]

^. Only speculating of course.

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<....>
What a decisive nightmare  

Just buy when you wake up that morning & think: "Wow, Grin is finished. Bottomed. Nobody will buy this one anymore".
Also check the mining status/indicator at that time.

[Cryptotourist]

1$ grin dildo incoming

[Cryptotourist]

Interestingly it opened on Gate.io and has gotten exactly zero volume there.  I was a bit surprised by this as I thought Gate.io was a bit of a big hitter and it would attract more attention.  

Bittrex, HitBTC and Binance definitely would be good exposure now that we are on CMC.  

ftfy

CMC:


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Coingecko:


Interesting..

[amrulshare]

$Grin volatility is very high, a week ago the price was still in the area of $ 1 and now has been billion for anyone who have that the time ago

[Cryptotourist]

^. Actually the bottom so far - according to Coingecko - has been ~$2.31 on the 20th of this month.

[Hueristic]

I was looking at some Monero charts.
It seems that Monero ANN was on 25/04/2014, but CMC & Coingecko don't have any info before the 21/05/2014.
Either way, price data on the charts is one month after the genesis block.

That said,



Bullish.

Do not look to Monero for correlations as the original bytecoin miner was crippled and there was a mining cartel using a non crippled one and dumping.

Told you guys this'd be even better than HoweyCoins!

(But seriously, these prices are extremely unlikely to be long-term-stable IMO.)

That was my favorite coin launch bar none!

[Cryptotourist]

Do not look to Monero for correlations as the original bytecoin miner was crippled and there was a mining cartel using a non crippled one and dumping.

Funny you should say that,



The flippening:
https://files.gitter.im/grin_community/Lobby/dQQL/telegram-cloud-file-1-806624875-56454--4390025447372503660.jpg

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Have you tried c31 Bob?
I still think it will be marginally more profitable for our hardware.