Grin Observer - GRN/BTC - Price Movement and Discussion

[HairyMaclairy]

[bbc.reporter]

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.

[yefi]

I'm thinking a good way to evaluate price is via daily mining rewards. At $5 it's placed rather high:  

Coin_______	Daily Mining Reward (USD)
BTC	6,120,000
ETH	1,612,181
LTC	490,050
GRIN	432,000
BCH (ABC)	200,988
Monero	106,751

[Cryptotourist]

Mornigz!

Mining rewards are indeed rather high.
Nicehash which is now supported, is also adjusting it's price to lower levels.
So at $5 the price might be high, but at $1 it's rather low. Miners will flee if it hits $2.5 in the current status.
I doubt we will see it below ~0.0008BTC anytime soon. Maybe in a few months time.

[HairyMaclairy]

We hit 0.0005 only 2 weeks ago.  Time indeed will tell.  Right now the selling pressure feels relentless.

[Cryptotourist]

Yeap. It's a blood bath.
Almost, on 21/01 17.00h we hit 0.00065515 = ~ $2.31, not quite 0.0005 (your orders were not filled if I remember correctly).

Cpt. Ishmael & Moby Dick are having a blast.
The goldfish, is out of their way for now.

[HairyMaclairy]

I had orders at 0.00052 - we got to 0.00056 if I remember correctly but I was probably drunk.

The selling patterns look to me like miners dumping their shares as fast as possible. 

[Cryptotourist]

I think it's just good old manipulation.
The manipulators set the price range both ways, and the flock of miners follows downrange. They want in cheap.

It's bound to come to a halt sooner or later, cos a miner will not sell if it doesn't cover the costs of mining.
So yes, it's still the early miners sell off bazaar.

I had orders at 0.00052 - we got to 0.00056 if I remember correctly but I was probably drunk.

Good to know that I'm not the only one getting shuttered in front of his PC.
I cannot find anything on the price you mentioned. It will be good to have confirmed our bottom.

[big_daddy]

That's like saying that you predict that the sun will rise tomorrow.

'When' is the real question.

by Wednesday -15%, maybe by Thursday -20%

*predict the sunrise of Skarsvåg (Norway) for 01.JAN.2020 if is so easy  

At the moment of writing was ~$5.35
now, Wednesday ~$4.75

it's not -15%, but by the end of the day will reach the -15%  

[Cryptotourist]

I knew it you would come around.

Yes, so far you are correct in your prediction, as much as I was in predicting your sunrise.
Would you like to speculate on when you think it's going to bounce?

[big_daddy]

I knew it you would come around.

Yes, so far you are correct in your prediction, as much as I was in predicting your sunrise.
Would you like to speculate on when you think it's going to bounce?

I'm seeing a downtrend only, for now

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[Cryptotourist]

Wing suit on.

[HairyMaclairy]

Would you like to speculate on when you think it's going to bounce?

Do the wing suit guys bounce ?

[Cryptotourist]

Yeah they bounce, just before the absolute bottom.
If unsuccessful there is no bounce. Only liquidation.

Please alert me when Grin hits the bottom.
If it smashes through the bottom and carries on with a negative sign, please alert Globb0 & also call 911.

[HairyMaclairy]

Welp I would say your support zones are 0.0010 - 0.0012 and 0.0005 - 0.0006

You probably don't want to fall under 0.0005

[Cryptotourist]

You probably don't want to fall under 0.0005

[tonyja2017]

I like the altcoins that are happening sideways. Grin is really letting investors decide on value, they have their own strategies and they are starting to buy more coins and they will soon pump the price of the coin.
Typical examples are Quarkchain and BitTorrent. You can see its price diagram and make a decision. Grin will soon jump to $ 10 again.
excuse me, I don't know how to upload my image on the post. Can someone help me so I can post my pictures to share for everyone?

[Cryptotourist]

I think you are joking, but never mind:



Upload image to get link: https://imgur.com/

If you quoted any of the above messages that contained an image, you would have seen the format.

[Cryptotourist]

Hey Griners,

2h:


Looks like we are still free falling.
Hoping for a weekend pump.

[boomboom]

MimblewimbleCoin airdrop for Bitcoin holders, this could be a real competitor to Grin, assuming no premine shenanigans.

https://youtu.be/0ZJ6X_Ux1SE