Grin Observer - GRN/BTC - Price Movement and Discussion

[Privcy Foundation]

every week the value of grin/btc always falling, is this a reality or does it just look like that?

no shit sherlock, grin has an insanely high inflation rate, miners will dump this shit into oblivion.  only retards are holding.

[xiahui135]

Inflation rate is too high.
In first 10 years, inflation is high enough. I don't think it will rise against BTC in long term.

[yuzuak]

I all the sell grin
swap inflation is very good, Buy swap xwp
Grin inflation rate is too high.

[AUruHM]

Inflation rate is too high.
In first 10 years, inflation is high enough. I don't think it will rise against BTC in long term.

Yes, I try to say it. All miners as I know sells Grin as soon as possible. Coin with the real mimblewimble protocol is great but with such tokenomics we can see some growth after 2 years not earlier. I hold some grin for fun but I'm sure price growth will never. 2 years for cryptoprojects in the constant dump conditions are too much to be live

[Febo]

every week the value of grin/btc always falling, is this a reality or does it just look like that?

We are at that part of Bitcoin cycle that any altcoin is close or at bottom. Grin was launched few months ago. So I dont really understand what you expect.

[bbc.reporter]

Why the heck are you people talking about $ value?

Makes zero sense for grin.

50k sat broke, we are looking for a new bottom :S

Why is it zero sense? Miners pay for their mining costs in fiat. The lower grin's value in fiat, the more coins the miners require to dump and the more pressure that creates on the market.

[RivAngE]

Why the heck are you people talking about $ value?

Makes zero sense for grin.

50k sat broke, we are looking for a new bottom :S

Why is it zero sense? Miners pay for their mining costs in fiat. The lower grin's value in fiat, the more coins the miners require to dump and the more pressure that creates on the market.

Well, you're forgetting to count that the lower the value, the less miners will be on the network, so in the end the overall "pressure" created by the miners won't be that different regardless of the coin's price.
I'm sure the situation with the miners will get better once the next generation of GPUs ships. The RTX20 was "meh...", it didn't make an impact in crypto. Maybe the next one will create enough of a gap between the GPU generations to force farms to shutdown and allow the power to return to the individual small miners who don't have to pay crazy amount of bills each month.

... then I foresee a new bullrun which will have people emptying the GPU shelves from the stores again and the history repeats itself!

[criptix]

Why the heck are you people talking about $ value?

Makes zero sense for grin.

50k sat broke, we are looking for a new bottom :S

Why is it zero sense? Miners pay for their mining costs in fiat. The lower grin's value in fiat, the more coins the miners require to dump and the more pressure that creates on the market.

Grin is priced and traded in and with satoshis, not in fiat.

Grins fiat price is 100% relative to the btc/usd pair.

We can go up oe down in fiat while grin/btc stays the same.


If miners are unprofitable they will have to shut off at one point and this makes mining more profitable for the rest of the miners who are still alive.

[AUruHM]

Why the heck are you people talking about $ value?

Makes zero sense for grin.

50k sat broke, we are looking for a new bottom :S

Why is it zero sense? Miners pay for their mining costs in fiat. The lower grin's value in fiat, the more coins the miners require to dump and the more pressure that creates on the market.

Grin is priced and traded in and with satoshis, not in fiat.

Grins fiat price is 100% relative to the btc/usd pair.

We can go up oe down in fiat while grin/btc stays the same.


If miners are unprofitable they will have to shut off at one point and this makes mining more profitable for the rest of the miners who are still alive.

But Grin goes down in btc also. 2 weeks ago the price was near 55k satoshi. And how much now? But BTC/USD don't lose soo much as Grin. I think it's a natural process linked with tokenomics and coin idea. Big inflation and constant huge mining give us more and more coins. What you wait?

[HairyMaclairy]

39k sats, an All Time Low and all is well...

[consideritdone]

Well I am scooping yay https://www.coingecko.com/en/coins/grin

[BitBustah]

If anyone still hasn't sold, I feel sorry for you.  The price will keep crashing and don't be surprised if it breaks 20k satoshi within a short period of time.  Miners are dumping  immediately, they are not holding like bitcoin miners are.

[tranthidung]

39k sats, an All Time Low and all is well...

Grin coin has hit its all time low, and double bottomed, so it is time for Grin coin to gradually recover from 39k satoshis. Grin coin is a good altcoin, it was just over valued by people whom FOMOed at the beginning days of Grincoin. From now on, from the bottom around 39k satoshis, a new cycle, and a real growth of Grin coin will be started. The recovery and growth of Grin coin from bottom might require months to fully rally, but it is more safely to see the coin grow slowly but solidly like this.

[Texacha]

What did I just read?

[Globb0]

Hmm as I see it all time chart, the volume is gradually having to rise to just hold your ground, always more and more coins.

[Privcy Foundation]

First off the team behind grin picked a childish name and logo.


Anyways, don't be fooled and think this is a bottom, people are dumping immediately for btc. if your buying grin right now you are a RETARD.

[Febo]

First off the team behind grin picked a childish name and logo.

You should definitely let them know. Contact them through email or something.

Anyways, don't be fooled and think this is a bottom, people are dumping immediately for btc. if your buying grin right now you are a RETARD.

Exactly. To bad you had not managed to read what other people said before you. I am sure you would change your mind to oppose.

[bbc.reporter]

39k sats, an All Time Low and all is well...

Grin coin has hit its all time low, and double bottomed, so it is time for Grin coin to gradually recover from 39k satoshis. Grin coin is a good altcoin, it was just over valued by people whom FOMOed at the beginning days of Grincoin. From now on, from the bottom around 39k satoshis, a new cycle, and a real growth of Grin coin will be started. The recovery and growth of Grin coin from bottom might require months to fully rally, but it is more safely to see the coin grow slowly but solidly like this.

I reckon that it might also take years on grin's monetary policy. This is very possible, check Zcash's weekly chart. Zcash has been making new all time lows with small pumps in between. However, it might also occur similar to dogecoin based on the similar monetary policy.

[tranthidung]

I reckon that it might also take years on grin's monetary policy. This is very possible, check Zcash's weekly chart. Zcash has been making new all time lows with small pumps in between. However, it might also occur similar to dogecoin based on the similar monetary policy.

ZCASH has to stop, because it can not make its new all time lows for hundreds of times, I believe that we have witnessed one of the last all time lows of ZCASH. The coin gradually falls and sets up its new all time lows because people were overvalued its months ago, that's all. Then, when ZEC actually hit its all time low, everything will be fine, it will bounce back and start its slow recovery from its real all time low, that likely not too far from its temporary price, in my opinion.

[DrDoctor1234]

Anyone stocking up on Grin, or trying to ride the fomo BTC wave