Grin Observer - GRN/BTC - Price Movement and Discussion

[HairyMaclairy]

52,000 sats holding (barely), but it’s an ugly business.

[Cryptotourist]

Tell me about it. ~ carries on digging deep ~

[Hueristic]

Correct, It is not FUD if its true.

True or false, I still see fear uncertainty & doubt. Looking at the mirror to start with.

P&D'rs yell FUD when their bags are heavy.

Guilty as charged.

Can we go up now???

[HairyMaclairy]

Well that’s awkward

[bbc.reporter]

@HairyMaclairy. Those orders might be market makers just market making hehehe. Are those the buys? Can you post the large orders on the sells of the order book? I reckon the same person has also 2 somewhere.

@Hueristic. Agreed!

[HairyMaclairy]

Yeah those were market buy orders, not walls.

But the fact they are all so big and around the same size indicates to me they are wash trades. Someone trying to spark a volume spike to paint a bottom. 

[Cryptotourist]

Pussy cats picking up trading.

..

On the house:
https://www.youtube.com/watch?v=7P5Er_qU5FE

[HairyMaclairy]

50k sats.

Now we get to see how deep the rabbit hole goes. 

[Cryptotourist]

Could find a beverage down there. Or maybe we get to meet Alice.

Still would stubbornly like to believe we are scratching the floors here.

[bbc.reporter]

@HairyMaclairy. Put yourself in a grin miner's situation and ask yourself what holds its value better, grin or bitcoin? I reckon the first 10 years of grin's price might move similar to what we are seeing in dogecoin.

@Cryptotourist. This might go sub $1.00. I already learned my lesson in bagholding Aeon. I will not do it again hehehe.

I will be very patient on grin.

[Hueristic]

@HairyMaclairy. Put yourself in a grin miner's situation and ask yourself what holds its value better, grin or bitcoin? I reckon the first 10 years of grin's price might move similar to what we are seeing in dogecoin.

@Cryptotourist. This might go sub $1.00. I already learned my lesson in bagholding Aeon. I will not do it again hehehe.

I will be very patient on grin.

I think we all learn the hard way.

[Cryptotourist]

@Cryptotourist. This might go sub $1.00. I already learned my lesson in bagholding Aeon. I will not do it again hehehe.

Oh gawd please no. Not again.

I think we all learn the hard way.

Unfortunately very true.
On rare occasions maybe learn from the mistakes of others.

[Privcy Foundation]

[HairyMaclairy]

Aeon

Now that’s a name I haven’t heard in a long time. 

[Hueristic]

Aeon

Now that’s a name I haven’t heard in a long time. 

Many times I was going to grab some but never found what I considered a decent entry point.

Smooth is a great Dev.

[HairyMaclairy]

I held some for awhile but bailed.  Was hoping it would ride XMRs coat tails but XMR never really took off like I hoped it would

[HairyMaclairy]

44k sats and all is well...

[Cryptotourist]

If you say so.

[RivAngE]

@HairyMaclairy. Put yourself in a grin miner's situation and ask yourself what holds its value better, grin or bitcoin? I reckon the first 10 years of grin's price might move similar to what we are seeing in dogecoin.

@Cryptotourist. This might go sub $1.00. I already learned my lesson in bagholding Aeon. I will not do it again hehehe.

I will be very patient on grin.

I learnt a different lesson by holding RVN for months after mining! With a single GPU I made 200€ in its first 3 months without even mining 24/7.
I sold on August's top and when the price dropped and the difficulty fell, I mined some more but I wasn't holding much during September's or March's pumps.

I understand that for those who are mining with farms that consume a lot of energy, it makes sense to sell at least some coins to balance your expenses, that's the stupid situation the greed has put us in (mining for the sake of braking even).
But for hobbyist miners there's no point to sell for 1$ per day or even less, we should just mine, hold and hope!

[Hueristic]

If you say so.

I gotta say this made me Lol.