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Author Topic: Grin Observer - GRN/BTC - Price Movement and Discussion  (Read 10622 times)
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January 30, 2019, 04:08:19 PM
 #161

I don't believe small exchanges will have significant contributions in long term, but for now people tend to hurry up with those news.
The only news was that it was rapidly being added to a lot of exchanges (many of them small).  Volume was growing as a result.  
How do you think about it?
Comparision between Grin coin and Mimblewimble
Which one do you think is better?

Beam will suffer as Founder’s Reward will overhang the market. Or should if it was a rational market.  But crypto markets are highly irrational so who knows.  Also hard to compare fixed emissions of Beak and unlimited of Grin.  Beam has 100 coins per minute this year rather than 60 coins for Grin, which indicates that Beam should be significantly lower price. 

Beam has 20% Dev tax IIRC.

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January 30, 2019, 04:47:39 PM
 #162

I don't believe small exchanges will have significant contributions in long term, but for now people tend to hurry up with those news.
The only news was that it was rapidly being added to a lot of exchanges (many of them small).  Volume was growing as a result.  
How do you think about it?
Comparision between Grin coin and Mimblewimble
Which one do you think is better?

Beam will suffer as Founder’s Reward will overhang the market. Or should if it was a rational market.  But crypto markets are highly irrational so who knows.  Also hard to compare fixed emissions of Beak and unlimited of Grin.  Beam has 100 coins per minute this year rather than 60 coins for Grin, which indicates that Beam should be significantly lower price. 

Beam has 20% Dev tax IIRC.
That is why many people are choosing Grin instead of Beam because this makes Beam quite centralized and nobody wants centralization here, right?


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January 30, 2019, 05:07:39 PM
 #163

I don't believe small exchanges will have significant contributions in long term, but for now people tend to hurry up with those news.
The only news was that it was rapidly being added to a lot of exchanges (many of them small).  Volume was growing as a result.  
How do you think about it?
Comparision between Grin coin and Mimblewimble
Which one do you think is better?

Beam will suffer as Founder’s Reward will overhang the market. Or should if it was a rational market.  But crypto markets are highly irrational so who knows.  Also hard to compare fixed emissions of Beak and unlimited of Grin.  Beam has 100 coins per minute this year rather than 60 coins for Grin, which indicates that Beam should be significantly lower price. 

Beam has 20% Dev tax IIRC.
That is why many people are choosing Grin instead of Beam because this makes Beam quite centralized and nobody wants centralization here, right?


Yes and no, depends on if you move the goal posts on mining centralization to make room for the economy of scales issue inherent in asics. But yeah, a company is probably a bad idea if you want fungible cash for all, though it doesn't really apply to all usecases and weirdly gets generalized--though that's usually a political argument that gets prefaced as a technological one.

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January 30, 2019, 08:04:36 PM
 #164

Well. Went out and did a stupid thing. Bought a 2080ti rig and now I'm committed to mining this shit on a dedicated box @ ~10 G/s.

* BobLawblaw sighs. Grumbles something impolite about Theymos under his breath.

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January 30, 2019, 09:52:34 PM
 #165

Mooooooooooooooooooo


Don't complain about the floods, floods happen. Be a boatbuilder.
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January 30, 2019, 10:23:40 PM
 #166

Well. Went out and did a stupid thing. Bought a 2080ti rig and now I'm committed to mining this shit on a dedicated box @ ~10 G/s.

addiction.

yeah sucks sometimes..
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January 31, 2019, 01:24:11 AM
Last edit: January 31, 2019, 01:34:23 AM by bbc.reporter
 #167

Bgogo exchange looked like super fake bot washing traffic to me.  



That is not organic volume.

It is certainly not, however its purpose is not to fake the volume. They need to let their market makers provide the liquidity required to start a grin market in the exchange.

They are only giving us a service as a liquidity provider.

Also in the stockmarket, liquidity providers are required by law and enforced by a governing body.

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January 31, 2019, 06:40:44 AM
Last edit: January 31, 2019, 06:52:19 AM by HairyMaclairy
 #168

An executed order by definition does not add liquidity, it takes liquidity off the books.

When you go from zero to the highest volume Grin exchange using mechanical trading, you are faking your volume, particularly when selling 10 Grin can move the price 5%.

Current Bgogo order book below. 

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January 31, 2019, 07:33:53 AM
 #169

Can’t chart on the phone but price currently heading in one direction, below previous reversal point.

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January 31, 2019, 08:19:40 AM
 #170

katastrofic.... a lost 0,3 btc Sad
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January 31, 2019, 08:40:50 AM
 #171

Sorry to hear that.
Grin is very new and highly volatile. Very risky business.

#

Can’t chart on the phone but price currently heading in one direction, below previous reversal point.

Definitely going down. Maybe it provides a good chance to buy before the Chinese new year.




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January 31, 2019, 08:42:25 AM
 #172

buy so i can recovery my losses Cheesy
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January 31, 2019, 08:44:35 AM
 #173

What happens the price keeps burn and burn. It seems that they realize that this coin will become no value due to unlimited supply and no block halving.

Which I think may affect the price of this coin.

just forgot to sell my coins on early bird.

Keep HODL... Cheesy
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January 31, 2019, 08:56:50 AM
 #174

Said it yourself.
You forgot to sell your coins. Wink

A bit embarrassing, but here goes nothing:

https://bitcointalk.org/index.php?topic=5104296
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January 31, 2019, 10:42:38 AM
Merited by HairyMaclairy (1)
 #175

Here is another useful site where you can watch GRIN price in real-time https://coinalyze.net/grin-live-price-charts/
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January 31, 2019, 11:08:07 AM
 #176

What happens the price keeps burn and burn. It seems that they realize that this coin will become no value due to unlimited supply and no block halving.

Which I think may affect the price of this coin.

just forgot to sell my coins on early bird.

the reason why price of coins like this falls is because of their large supply + the large amount that is being injected in the market per day. from what i understand it has 1 minute block time with 50 coin/block reward. that is 72000 coins per day being injected in the market (compare to bitcoin's 1800 BTC/day it is 40 times bigger).

in other words it is a fast increasing supply while the demand doesn't exist or if it does it can't keep up with the supply.

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January 31, 2019, 12:03:26 PM
 #177

^knifecatching: hard mode
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January 31, 2019, 12:10:04 PM
 #178



Beam has 20% Dev tax IIRC.
That is why many people are choosing Grin instead of Beam because this makes Beam quite centralized and nobody wants centralization here, right?



It is very scammy to pay %20 of your mining rewards. Actually sounds a lot like a ponzi scheme. You work to make the devs rich.

Most bitcoin people don't like to get taxed neither. Then why should we switch from one shit currency which the govs tax (FIAT) to another shitcoin Beam where your income gets taxed instantly by %20? No thanks, fuck Beam and fuck its devs.




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January 31, 2019, 12:15:52 PM
 #179

^knifecatching: hard mode


Don't complain about the floods, floods happen. Be a boatbuilder.
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January 31, 2019, 01:10:44 PM
Merited by vit05 (1)
 #180

What happens the price keeps burn and burn. It seems that they realize that this coin will become no value due to unlimited supply and no block halving.

Which I think may affect the price of this coin.

just forgot to sell my coins on early bird.

the reason why price of coins like this falls is because of their large supply + the large amount that is being injected in the market per day. from what i understand it has 1 minute block time with 50 coin/block reward. that is 72000 coins per day being injected in the market (compare to bitcoin's 1800 BTC/day it is 40 times bigger).

in other words it is a fast increasing supply while the demand doesn't exist or if it does it can't keep up with the supply.

The block reward is 60, not 50. But the GRIN's emission rate and its "fair launch" is similar to Ravencoin's. Because of that I believe it'd be helpful to take a look at Ravencoin's price and compare the inflation of both.
After this is done, everyone should weight the usability and goals of the two projects and decide if they believe GRIN will do better or worse than the historic data from Ravencoin.

I'd like to repost my calculations here,

I calculated the today's monthly inflation of Ravencoin and Grin,
  • Grincoin adds 2.201% more coins every month and it's about 13 days old.
  • Ravencoin adds 0.0776% more coins every month and it's 13 months old.

In 1 year the stats will look like that,
  • With 32,713,560 GRIN in circulation, there will be a 0.0792% monthly emission, that will be very similar to Ravencoin's 1 year.
  • With 5,411,920,000 RVN in circulation, there will be a 0.0399% monthly emission.


But what I'm most interested to compare is the emission after RVN halves the rewards.


These will be the emission rates 4 years after the genesis block of both coins (January 2023 for GRIN and January 2022 for Ravencoin). Both chains will be at block 2,100,000 after 4 years.
  • GRIN will have 126m coins and the steady block reward will be equal to 0.0206% monthly inflation at that time.
  • RVN will have 10.5b coins but the block reward will be halved to 2500 thereafter. This means 0.0103% monthly inflation (after the halving).

It seems to me that for the first 4 years both coins have a very similar inflation pattern. By the end of 4 years both coins will be at a very low 0.02% / month.
However, after that Ravencoin will start halving (every 4 years) and the inflation rates of the two coins will start diverging until after maaaaany years RVN won't be able to halve any more.
The question is, how important will this 0.01% difference be when it takes place in 4 years? How will all the other factors weight in (recognition and acceptance, usability, technical advancements, investors' liking)?

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