Grin Observer - GRN/BTC - Price Movement and Discussion

[mindrust]

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/

If these listings actually happen this year then $3 will look like very cheap. I still don't own any grin and I am not convinced to buy any but these are obviously good news (for grin). However, since that bald guy at coinbase is an asshole i am not really positive for a coinbase listing.

Did they even activate segwit? There were some news about it last year,
https://blog.coinbase.com/announcing-segwit-support-on-coinbase-4e51117857c7

but I don't know if they successfully implemented segwit since I can't find any verification.

tldr; Binance is more likely.

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[VB1001]

Grin Cryptocurrency Executes First Hard Fork

Tromp said that today’s upgrade did not result in a network split. Rather, the old Grin network simply halted “in its tracks,” effectively forcing users to update their software. The upgrade was completed at 9:45 UTC.

https://www.coindesk.com/grin-network-executes-first-hard-fork-in-bid-to-decentralize-mining-power

[RivAngE]

Grin Cryptocurrency Executes First Hard Fork

Tromp said that today’s upgrade did not result in a network split. Rather, the old Grin network simply halted “in its tracks,” effectively forcing users to update their software. The upgrade was completed at 9:45 UTC.

https://www.coindesk.com/grin-network-executes-first-hard-fork-in-bid-to-decentralize-mining-power

I would expect at least a 30% rally after a successful fork.
As far as I can tell, everything went smoothly, this should speak tons of the team's capabilities and enhance the proofs that they are worth our trust... at least on delivering a great product.... for the marketing we'll have to see.
Hopefully the community will help with the marketing instead of trying to buy low and dump high, wining when they are not rewarded for siting in their asses!

[bbc.reporter]

@RivAnge. Why? What is special about this hardfork? I reckon this is only a regular upgrade with some bug fixes.

Monero has a hardfork on regular intervals every 6 months similar to Grin. It is only part of its development.

[Piston Honda]

BRO, TO THE MOOOOON!!

lmao...more like to the shitter.

[bbc.reporter]

@Piston Honda. What shitter? This was expected because of, I plea that no one by the name of Cryptotourist jump down from a cliff, its monetary policy.

Were you expecting the moon in 6 months?

[Cryptotourist]

Thank you for the psychological support, much appreciated.

Expecting moonshot at the 18-24 month range, & landing on the moon somewhere between the 36-48 month range.
Source: www.nasa.gov/grin_moon_landing/info/

[bbc.reporter]

@Cryptotourist. It might be longer than that, I reckon. No one is accepting Grin for payments except bitcointalk.org hehehe.

[Cryptotourist]

You said it, ain't that something?
Never mind the tech, think of all the wannabe alts over the past years.

It's whales accumulation period. It might, or it might not. We shall see.

[bbc.reporter]

@Cryptotourist. I am not certain if an infinite coin supply similar to grin or dogecoin are good to accumulate for the whales. The coin % that they will be holding will be reduced as new coins are mined.

[Cryptotourist]

Yes & no, yes their % will be reduced daily, no - only means more coins to gobble up.
Miners dumping=whales accumulating

[bbc.reporter]

@Cryptotourist. I would agree with you if there was not a better coin to gobble up. However, do you not think that the whales would more readily gobble up bitcoin than grin for the next 5 years?

Also, are the miners not selling grin to hold bitcoin?

[mindrust]

@Cryptotourist. I would agree with you if there was not a better coin to gobble up. However, do you not think that the whales would more readily gobble up bitcoin than grin for the next 5 years?

Also, are the miners not selling grin to hold bitcoin?

It all comes down to if grin is useful for something, if grin solves a real world problem, if there is real demand from people for grin.

If grin don't have a positive answer for that three "if"s, it will stay as a dumpfest forever.

[Cryptotourist]

@Cryptotourist. I would agree with you if there was not a better coin to gobble up. However, do you not think that the whales would more readily gobble up bitcoin than grin for the next 5 years?

Yeah, BTC currently engaging & dominating with a whip & many sex-plugs, in a Roman style orgy with the alts.
But 5 years in crypto is like a lifetime, and we all know that nothing lasts for ever.
We should at one point see a reversal - not like the ICO boom - but similar.

Also, are the miners not selling grin to hold bitcoin?

Of course they are.

#

It all comes down to if grin is useful for something, if grin solves a real world problem, if there is real demand from people for grin.

If grin don't have a positive answer for that three "if"s, it will stay as a dumpfest forever.

Indeed, fingers crossed.

[HairyMaclairy]

Grin is hanging on by its fingernails.  Either it bottoms, bounces and pumps or it dives into the abyss.  

The more support is tested, the weaker it gets.  If she doesn’t go up soon, she’s cooked. 

[asder250]

I am thinking about buying GRIN but for the very long term. What do you think? The high inflation rate will no more affect the price? Theymos said something that he wouldnt be surprised to see GRIN below 1USD this year.

[mindrust]

I am thinking about buying GRIN but for the very long term. What do you think? The high inflation rate will no more affect the price? Theymos said something that he wouldnt be surprised to see GRIN below 1USD this year.

Nobody knows anything.

Theymos is a wise guy but in this case I don't think he knows what'll happen to grin neither.

The only advice I can give you is, don't invest more than you could afford to lose.

On the other hand, I am pretty positive this coin sooner or later will get listed on Binance. After all the useless shitcoins they listed, It would be a shame if they don't list GRIN. That will be the time when GRIN is going to see a huge pump.

It is probably a good idea to invest %1 of your crypto into this coin, while It is that cheap I am thinking about it too. I believe I can risk my %1 but everybody's risk appetite is different.

*Also be careful where you are getting your coins from. CMC lists so many fake volume exchanges. The only (semi)legit exchanges I see which let you trade GRINs are: polo, bittrex and kucoin. The rest are either scams like HitBTC or fake volume Chinese exchanges. Either way stay away from them.

GRIN's real 24h trading volume is ~$85k (which is not great)
https://openmarketcap.com/cryptocurrency/grin-usd

not a goddamn $40m.

[asder250]

I am thinking about buying GRIN but for the very long term. What do you think? The high inflation rate will no more affect the price? Theymos said something that he wouldnt be surprised to see GRIN below 1USD this year.

Nobody knows anything.

Theymos is a wise guy but in this case I don't think he knows what'll happen to grin neither.

The only advice I can give you is, don't invest more than you could afford to lose.

On the other hand, I am pretty positive this coin sooner or later will get listed on Binance. After all the useless shitcoins they listed, It would be a shame if they don't list GRIN. That will be the time when GRIN is going to see a huge pump.

It is probably a good idea to invest %1 of your crypto into this coin, while It is that cheap I am thinking about it too. I believe I can risk my %1 but everybody's risk appetite is different.

*Also be careful where you are getting your coins from. CMC lists so many fake volume exchanges. The only (semi)legit exchanges I see which let you trade GRINs are: polo, bittrex and kucoin. The rest are either scams like HitBTC or fake volume Chinese exchanges. Either way stay away from them.

GRIN's real 24h trading volume is ~$85k (which is not great)
https://openmarketcap.com/cryptocurrency/grin-usd

not a goddamn $40m.

Thank you for your suggestion. Yeah, GRIN needs a higher volume and more friendly UI, after that we can think about the growth.

[PS1987]

Grin is a nice coin but I think it will decrease further in value over the next months. Right now it isnt a good time to buy imo

[HairyMaclairy]

And we have just dropped to All Time Low