Grin Observer - GRN/BTC - Price Movement and Discussion

[consideritdone]

Grin price just 2x effectively!

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[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

[kronos123]

You sell, I hold and after 2 years from today - we will see where we are.

I can repeat this, but I won't. 

We're talking about coin that is planned to be layer 2 on BTC, coin that has BTC developers working on it, first coin that is accepted as payment method on Bitcointalk beside BTC and first coin after years that brings something new on the table (MimbleWimble). And people here talk only about inflation, which btw comes into count after year 2023 and until that has exactly same inflation as any other new coin (Raven latest example and before that Litecoin or even Bitcoin or 90% of normal POW coins).

I have feeling last few months that some people intentionally sell story about inflation in order to keep price of GRIN low and other people buying that story.
Not me.

Everything you say is correct, especially the bold parts I have underlined. Theymos itself and many other users, dev and large mines, have expressed themselves favorably on Grin, but this does not mean that those who speak and watch inflation are wrong; after all it is a fundamental and determining factor of a currency, and many speculators look at it, and we know that in the end the trend and the price of a Coin, and therefore its future, is often moved and dictated precisely by speculators and a few times by investors.

The same Bitcoin price in recent years is driven by speculators, not by the holders; Grin was born just 6 months and it will take years to find his balance ... in the meantime he will have huge peaks and big dumps, and we will be here to discuss the various why ..... to no avail

[bitcoinPsycho]

I will buy at 1 satoshi

Doh

[Hueristic]

I feel FOMO!

[kabit9]

so glad i stashed some GRIN under my pillow 3 months ago!

[adamantasaurus]

Yea I had stumbled on this coin when I read some news about the anon donator then decided to take another look a few weeks later glad I did, this is the most profitable coin to have right now in the space. My intuition was telling me to dump a lot into it at $2.30 (wish I did lol)

[Globb0]

Stuff is rising and falling with BTC caution

[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.

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

LOL. It was much better price only few weeks ago.  I am not good at giving trading advice's really.   I do suspect you will be able to buy grin under 50k satoshies at least at one point of time in future. But I could be totally wrong.

[bbc.reporter]

30k satoshis was supposed to be my entry but I made the mistake of waiting for Aeon to pump again so I can sell to buy Grin hehehe. The pump never came, however.

In any case, I will continue to wait for my Grin $0.50 dream.

[Febo]

30k satoshis was supposed to be my entry but I made the mistake of waiting for Aeon to pump again so I can sell to buy Grin hehehe. The pump never came, however.

In any case, I will continue to wait for my Grin $0.50 dream.

Dollar $0.5 can be hard simply because bitcoin is expected to pump in next 1-2 years. After the pump the grin emission will not be that strong anymore so, ...  But who know we should also have next financial crisis at that time and that will be a real blow.

[RivAngE]

30k satoshis was supposed to be my entry but I made the mistake of waiting for Aeon to pump again so I can sell to buy Grin hehehe. The pump never came, however.

In any case, I will continue to wait for my Grin $0.50 dream.

Dollar $0.5 can be hard simply because bitcoin is expected to pump in next 1-2 years. After the pump the grin emission will not be that strong anymore so, ...  But who know we should also have next financial crisis at that time and that will be a real blow.

If there'll be a financial crisis, the prices of cryptocurrencies against dollar will jump even higher though! So his dream for $0.50 looks very unlikely no matter how you see it!

AEON huh? I think I was mining this shitcoin for sometime, back on the old good days when people hadn't overbought GPUs!

[Globb0]

30k satoshis was supposed to be my entry but I made the mistake of waiting for Aeon to pump again so I can sell to buy Grin hehehe. The pump never came, however.

In any case, I will continue to wait for my Grin $0.50 dream.

Dollar $0.5 can be hard simply because bitcoin is expected to pump in next 1-2 years. After the pump the grin emission will not be that strong anymore so, ...  But who know we should also have next financial crisis at that time and that will be a real blow.

If there'll be a financial crisis, the prices of cryptocurrencies against dollar will jump even higher though! So his dream for $0.50 looks very unlikely no matter how you see it!

AEON huh? I think I was mining this shitcoin for sometime, back on the old good days when people hadn't overbought GPUs!

If no one has any money how will it jump ?

[bbc.reporter]

30k satoshis was supposed to be my entry but I made the mistake of waiting for Aeon to pump again so I can sell to buy Grin hehehe. The pump never came, however.

In any case, I will continue to wait for my Grin $0.50 dream.

Dollar $0.5 can be hard simply because bitcoin is expected to pump in next 1-2 years. After the pump the grin emission will not be that strong anymore so, ...  But who know we should also have next financial crisis at that time and that will be a real blow.

If there'll be a financial crisis, the prices of cryptocurrencies against dollar will jump even higher though! So his dream for $0.50 looks very unlikely no matter how you see it!

AEON huh? I think I was mining this shitcoin for sometime, back on the old good days when people hadn't overbought GPUs!

Agreed. I know I can buy on a better entry than now, however. I just need patience and wait for the monetary supply to function as it was designed.

Yes Aeon. It has better code than most cryptocoins and has a strong, however, small community supporting it. It is better than supporting a scamcoin hehehe.

[Cryptotourist]

If I read one more time about Grin's monetary supply & design, I'm gonna jump off a cliff or something.

[bbc.reporter]

We have not discussed the why of this pump. I was speculating that it might be a listing on Binance, however, Brian Armstrong said this.

A listing on Coinbase?



A scalable, sufficiently decentralized, chain that supported private transactions by default (privacy coins) would be a game changer.

Source https://www.reddit.com/r/Monero/comments/c43p7a/brian_armstrong_a_scalable_sufficiently/

[Globb0]

or just cos BTC went up a bit

[kabit9]

i do love me some $6 GRIN

[bbc.reporter]

Has everyone in the thread sold on the pump? The thread has been quiet for the last 2 days hehehe. I reckon the miners must be selling now to hold bitcoin, similar to what other altcoin miners might be doing?