Grin Observer - GRN/BTC - Price Movement and Discussion

[Hueristic]

For what it's worth, still have my single 2080ti miner chugging along.

With GRIN prices being what they are, my rig has recouped about 15% of its cost, not counting electricity, so far.

¯\_(ツ)_/¯

thats actually alot better than I would have ever guessed!

Congrats, you may ROI that rig.

[Febo]

If you bought GRIN a month ago and sold today you would double your Bitcoins. Who would thought that to happen.   I would more like sell a month ago and buy back today and halve my Bitcoins.  My Bitcoin halving would come a year early

[bbc.reporter]

In any case, what is the cause of this pump? The hardfork next month? There is nothing special about it, I reckon.

I can see three reasons.

1) The hardfork is special actually, since it's the first network upgrade of Grincoin. I reckon another pump will follow after the hardfork if everything goes smoothly.
Why? Because it proves the team is working on it and they're moving with their schedule.

2) They released a Windows wallet. So far people's only options were to install Linux (in a virtual or physical machine) or keep their funds in exchanges. I'm sure there were many big investors who might have though of buying GRIN but they didn't have Linux nor wanted to bother with Linux. Those people are now able to buy GRIN.

3) With mixer services proving unsafe after all, it was bound that some people would turn to GRIN for its superb anonymity.

Bonus) As I have been following this thread for a while, I understand a lot of people were expecting GRIN to fall to 1$ or even less, therefore at least a few people (if not many) were waiting to buy lower. Well... they might have understood that this was too low of a target and they're now FOMO buying.

Fomo buying always ends in dumping as fast as the buyers can click hehehe. I might have made a mistake for not buying, however with more than 10% of inflation for the next 10 years and unlimited supply, I want a better price.

The inflation is a relative thing. It might look like 10% now and 5% in 2 years (I pulled those numbers from my head, I didn't calculate the actual numbers) but the actual AMOUNT of coins generated are stable.
This could either be good or bad.
What I mean by that, is that the adoption will dictate if this amount of inflation will drive the price down or up. If the amount of users who hold GRIN increase sooner than expected, then the current inflation won't be enough to satisfy them and the price will increase because of higher demand than supply, that's what I believe we're seeing right now.

On the other hand, a stable inflation has the risk of the project not reaching the expected userbase and there be just too many coins for too few people.

Call me Mr. Obvious for explaining this but I feel like many people (I don't mean you specifically) only look at the one side of the coin.

The market for Grin is small, the supply is unlimited, the inflation is more that 10% for the first 10 years and the pump is caused by speculation. I want a better price.

I might be wrong, however, I can always wait after this pump is over.

[Cryptotourist]

My precious.

[Febo]

Price is again over 50k satoshi as 2 month ago. What now? Price goes up more? If not, for how long it will stay over 50k?

[bbc.reporter]

@Febo. No one knows. But clearly the miners have not been selling and might be mining at cost. I reckon this might change once more miners enter Grin?

[VB1001]

https://coinmarketcap.com/currencies/grin/

We are rising in price $5 and position in CMC> Rank 99

[Febo]

@Febo. No one knows. But clearly the miners have not been selling and might be mining at cost. I reckon this might change once more miners enter Grin?

Hash rate was decreasing until 10 days ago. Now is already on same levels as 2 months ago.

[rajnish2470]

@Febo. No one knows. But clearly the miners have not been selling and might be mining at cost. I reckon this might change once more miners enter Grin?

Hash rate was decreasing until 10 days ago. Now is already on same levels as 2 months ago.

so what do say, @0.00053000, is it the right time to buy? and Hold?

[criptix]

@Febo. No one knows. But clearly the miners have not been selling and might be mining at cost. I reckon this might change once more miners enter Grin?

Hash rate was decreasing until 10 days ago. Now is already on same levels as 2 months ago.

Higher price = more profitibility = more miners

Should the price keep going up we should see even more increase in network hash.

A bummer i didnt buy more at 25k ;(

[consideritdone]

Hello grin in rank 92 https://www.coingecko.com/en/coins/grin

[mindrust]

Which exchange do you guys trade this coin on? Poloniex or Bittrex? Those are the 2 exchanges which openmarketcap.com says without fake volume and I don't trust those Chinese scams CMC lists. Are there any other solid alternatives?

Gz to whoever bought this thing while it was below $3.

R.i.P those who waited for sub $1.

Another x10 and you'll see grin at 22nd spot.

[El duderino_]

Good I stept in and bought Some of that grinn a few weeks back....
Still pity I didn’t bought more Then just a scratch of value .... 

[yefi]

Another x10 and you'll see grin at 22nd spot.

That would also make it the second most costly in terms of network support. Doable on a bubble, but not at present and not with the lack of liquidity in the grin markets.

[RivAngE]

Another x10 and you'll see grin at 22nd spot.

That would also make it the second most costly in terms of network support. Doable on a bubble, but not at present and not with the lack of liquidity in the grin markets.

Ye, I agree that 10x is too much and unrealistic at this time.
It wouldn't be the first unrealistic thing we'd see though, for example I never understood why RVN pumped so hard and kept a good value... I haven't understood it's usage at all.
GRIN is much more useful so I expect it to pump 10x, just not right now with just a few exchanges available, probably only a handful of people knowing about it and just about 6 months old.

[mindrust]

Another x10 and you'll see grin at 22nd spot.

That would also make it the second most costly in terms of network support. Doable on a bubble, but not at present and not with the lack of liquidity in the grin markets.

Ye, I agree that 10x is too much and unrealistic at this time.
It wouldn't be the first unrealistic thing we'd see though, for example I never understood why RVN pumped so hard and kept a good value... I haven't understood it's usage at all.
GRIN is much more useful so I expect it to pump 10x, just not right now with just a few exchanges available, probably only a handful of people knowing about it and just about 6 months old.

It doesn't need a usecase. RVN is indeed another copycat coin with assets function but it is backed by overstock. Grin has a new tech but the tech itself doesn't mean much by itself at this stage. Grin is backed by bitcointalk (&theymos, he clearly said he would buy whatever amount you want to sell him)

This is what the future will look like.

So many companies with so many coins acting like company shares. Bitmain has bcash, overstock has rvn, ayregroup has bsv... this will go on and on.

[kabit9]

$6.00 Hi There! 

[consideritdone]

Grin price just 2x effectively!

[klaaas]

$6.00 Hi There! 

And still no big signs for a big pull back. Impressive, hope it can keep up and going.

[wheelz1200]

Well I was very wrong  I did not see this price action coming right now but it's nice to see.  Haven't checked the mining data but I'm sure difficulty has spiked with this price surge.  This run looks strong