Grin Observer - GRN/BTC - Price Movement and Discussion

[HairyMaclairy]

33k sats and all is well...

[bbc.reporter]

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.

However, the market will not listen to what you want or believe. It might be worse for grin because of its monetary policy which was designed to give more priority to distribution and coin circulation than a priority to become a store of value. This is not a get rich quick cryptocoin.

In any case, ask yourself what is more possible, grin to $0.50 or grin to $10?

[yefi]

33k sats and all is well...

Quite a beautiful chart really.

[HairyMaclairy]

We had a small bounce off $2 but that support has now been broken

[VB1001]

https://twitter.com/grinMW/status/1125805882594344961

 

[Cryptotourist]

^. Nicely done .... theymos!!!

#

It's going to 10k sat, & all is well.

[Hueristic]

^. Nicely done .... theymos!!!

#

It's going to 10k sat, & all is well.

SCA, that jaw...such target.

[Cryptotourist]

SCA, that jaw...such target.

It's an old gif of r0ach actually. The jaw has been dealt with already.
Here is a recent one:

[Hueristic]

SCA, that jaw...such target.

It's an old gif of r0ach actually. The jaw has been dealt with already.
Here is a recent one:

Shit I can't find a picture but its a real Life Rodrick from the movie "Heavy Metal".

[Febo]

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.

However, the market will not listen to what you want or believe. It might be worse for grin because of its monetary policy which was designed to give more priority to distribution and coin circulation than a priority to become a store of value. This is not a get rich quick cryptocoin.

In any case, ask yourself what is more possible, grin to $0.50 or grin to $10?

If Bitcoin is $20k I dont see Grin at $0.50




It is funny that for Grin to be launched there was a crowdfunding campaign to collect I believe 14 BTC. It was going on for months and was not all gathered but then Grin was launched anyway, now someone donate 50 BTC.

[bbc.reporter]

@Febo. No, not if bitcoin was $20k. I ask in the present circumstances. Bitcoin holds its value better than grin so it is more sensible for the miners to dump grin and hold everything in bitcoin after expenses.

Is someone trying to tell the cryptospace that grin is what bitcoin should be hehehe.

[tranthidung]

Bitcoin holds its value better than grin so it is more sensible for the miners to dump grin and hold everything in bitcoin after expenses.

It happens with not only Grincoin, but also with other altcoins, so that is why when bitcoin moved up to above $6000, altcoins turned into Red. There are less investors whom want to own and hold their altcoins at the moment. Because they tend to be greedy and want to join and enjoy the ride of bitcoin. They likely bought bitcoin recent days and hope that Bitcoin will keep increasing to around $10000. Haha. Personally, after cashing out my bitcoin, I still keep accumulating cheap altcoins recent days.

[mindrust]

We had a small bounce off $2 but that support has now been broken

I am not sure where its taken from (possibly coingecko) but there is something insanely wrong with this screenshot. Grin's real 24h trading volume is no where near $100k let alone a damn $17million. (which is %85 of its current market cap) That's insane.

Piece of shit CoinMarketCap and those who use the same fake data are still scamming people.


to Get the real data use OpenMarketCap

[RivAngE]

@mindrust It's all about which exchanges are supported by the service.
OpenMarketCap supports few but trustful exchanges (though I wouldn't be so sure about Bitfinex... being trustful)
This way they get rid of the biggest fake volumes that comes from most exchanges, for example Hotbit reports 11,749,655€ 24h volume on GRIN which is then summed by Coingeko! I haven't used Hotbit, but that GRIN volume guarantees a note to myself to never ever try them.

In any case, being picky about exchanges will result in some real volume being lost. For example they haven't list Bittrex yet in which there is about 25000$ GRIN volume.
I tend to trust Bittrex for reporting real numbers, they are among the best choices for non-Chinese users when it comes to altcoins.

[HairyMaclairy]

Meh ignore the volume.  It’s all lies.  Just some lies are more outrageous than others.

[VB1001]

After my tweet about 50 btc donation a few people asked me for 1 btc. How it works - it’s a multisig wallet (N of M), some (unknown) members of Grin council have keys.
After a decision to spend is made publicly in the gitter chat at least N members must independently sign a tx.

https://twitter.com/hashmap/status/1126170637926637569

[Privcy Foundation]

Won't be long until this goes under 10k sats.  If you are still holding some, dump it for btc before you get completely rekt.

[Cryptotourist]

Won't be long until this goes under 10k sats.  If you are still holding some, dump it for btc before you get completely rekt.

#you#rock.com

[yefi]

This way they get rid of the biggest fake volumes that comes from most exchanges, for example Hotbit reports 11,749,655€ 24h volume on GRIN which is then summed by Coingeko! I haven't used Hotbit, but that GRIN volume guarantees a note to myself to never ever try them.

From my experience with Hotbit: stick a buy order one sat below the sell and suddenly all the trading dries up and you can hear the crickets...

[tranthidung]

From my experience with Hotbit: stick a buy order one sat below the sell and suddenly all the trading dries up and you can hear the crickets...

Personally I set up my buy orders lower than big Buy walls. Most of time, my orders will be filled up all because coins usually drop below price below Big Sell Walls. I don't use Hotbit exchange, but I believe that it is basic and common characteristic on all exchanges, not only on the Hotbit. Breaking Buy walls and fall deeper, or breaking Sell Walls and rise higher. For Grincoin, its low price now is perfect one to hop on and wait till the coin starting to rise, weeks later. Bitcoin rises recent days gave us perfect opportunities to buy very cheap altcoins, including Grincoin.