Grin Observer - GRN/BTC - Price Movement and Discussion

[Cryptotourist]

Sub 5000 sat prices. Last weeks when Bitcoin grew Grin did not follow so Grins BTC price suffered. Question is can it go under 1000 sat. That could be the real bottom. I cant imagine it much below that.

That is exactly what I said about 10,000 sat per Grin.
Anyway, maybe you're right, but I suspect we're only going to know the real bottom was in, when we see that humongous green dildo.

[BuHoBeH]

Lost a lot of money investing in GRIN 

[Globb0]

I got in at 4 and out again at 4   


Ill wait.

[bbc.reporter]

This article was written fairly, however, it put grin on a negative slant. I reckon it would be also fair if the writer made this quote the highlight of the whole article.



Grin developers say the cryptocurrency isn’t designed to cater to short-term speculative investors.

“Cryptocurrency is mostly a speculation game,” said grin developer John Tromp. “Grin is hurt in the short term by being speculation-unfriendly.”

Source https://www.coindesk.com/18-months-few-people-use-mine-buy-privacy-coin-cryptocurrency-grin

[leea-1334]

This article was written fairly, however, it put grin on a negative slant. I reckon it would be also fair if the writer made this quote the highlight of the whole article.

Grin developers say the cryptocurrency isn’t designed to cater to short-term speculative investors.

“Cryptocurrency is mostly a speculation game,” said grin developer John Tromp. “Grin is hurt in the short term by being speculation-unfriendly.”

Source https://www.coindesk.com/18-months-few-people-use-mine-buy-privacy-coin-cryptocurrency-grin

I feel like this is kind of a weird way to blame short-term speculators though,,, who of course were among the ones who made money but not the only ones who took profit,,, surely some certain groups needed to at least cover costs and put some revenues up. All coins in this way does not cater to short term investors (who are gamblers not investors).

[Hueristic]

I feel like this is kind of a weird way to blame short-term speculators though,,, who of course were among the ones who made money but not the only ones who took profit,,, surely some certain groups needed to at least cover costs and put some revenues up. All coins in this way does not cater to short term investors (who are gamblers not investors).

If you don't understand it then maybe if you ask nicely someone will have the time to explain it to you.

[bbc.reporter]

@leea-1334. I disagree. From the beginning, I reckon that Grin's monetary policy of infinite supply has already discouraged short term speculators. The development team has made it very clear that anyone buying to get rich quick will have their coins diluted.

https://github.com/mimblewimble/docs/wiki/Monetary-Policy

[Febo]

For sure some got sucked in and buy Grin without informing them self that Grin monetary supply schedule is very different then 99% of other coins. But that si not fault of developers, but those that blindly buy coins. I am sure they lost money also in other coins and in general in life.

Slow monetary supply schedule simply give Grin developers more time for their development. Because of its value, Grin will not be under reflectors for years. Until them hopefully Grin will be easy to use coin.

[slaman29]

For sure some got sucked in and buy Grin without informing them self that Grin monetary supply schedule is very different then 99% of other coins. But that si not fault of developers, but those that blindly buy coins. I am sure they lost money also in other coins and in general in life.

Slow monetary supply schedule simply give Grin developers more time for their development. Because of its value, Grin will not be under reflectors for years. Until them hopefully Grin will be easy to use coin.

I always feel on two sides about this. At the end of the day, you are responsible for any decision you take. That is the concept of free market and free choice, no restriction, no censorship.

But on the other hand I also believe in consumer protection. Simply put, the majority of people do not have enough resources or knowledge to learn about sophisticated methods and even language. Some language is so misleading that most people do not even understand the point.

Monetary supply schedule? Which normal person knows that unless they research? Or they hear it first hand from GRIN websites?

And again back to above points, it was never meant for short term speculators. Which coin is meant for that or would admit it is for that?

[mindrust]

Sub 5000 sat prices. Last weeks when Bitcoin grew Grin did not follow so Grins BTC price suffered. Question is can it go under 1000 sat. That could be the real bottom. I cant imagine it much below that.

Why not? It is unlimited supply against limited supply.

It can go even below 1000 sats if there is no demand for grin. I own like 50 grins nowadays it is sad to see them going down from 250 to 20 bucks. Another lottery ticket goes down.

[Febo]

Sub 5000 sat prices. Last weeks when Bitcoin grew Grin did not follow so Grins BTC price suffered. Question is can it go under 1000 sat. That could be the real bottom. I cant imagine it much below that.

Why not? It is unlimited suppy against limited suppy.

It can go even below 1000 sats if there is no demand for grin. I own like 50 grins nowadays it is sad to see them going down from 250 to 20 bucks. Another lottery ticket goes down.

Because at some point there will be demand. Right now is super low because everyone expect to buy it more cheap as it is now. Everything useful have a bottom that is higher then zero. And it simply cant go below that. 

[Globb0]

In at 1 sat and out at 2 is double   

[Cryptotourist]

It can go even below 1000 sats if there is no demand for grin. I own like 50 grins nowadays it is sad to see them going down from 250 to 20 bucks. Another lottery ticket goes down.

It's kinda of reassuring to see you here, if you know what I mean.

In at 1 sat and out at 2 is double  

That's so deep bro.

[bbc.reporter]

Has everyone dumped and left hehehe? This might be Grin's strongest market manifestation in all of its very long 1.3 years in existence and you are not here to witness it!

[Cryptotourist]

Has everyone dumped and left hehehe?

No, just the OP.

This might be Grin's strongest market manifestation in all of its very long 1.3 years in existence and you are not here to witness it!

You think?
That sounds very bullish coming from you.

edit:

[240, Grin/ETH]

[Cryptotourist]

Just noticed that Grin's tag on this thread's title, is wrong.
It's not [GRN] = GreenPower shitcoin, it's [GRIN].

If Hairy could oblige, that would be great.

[Hueristic]

Just noticed that Grin's tag on this thread's title, is wrong.
It's not [GRN] = GreenPower shitcoin, it's [GRIN].

If Hairy could oblige, that would be great.

He may have unsubbed. LOL

@Hairy

Added: Hey I just noticed Grin is listed on Polo, when did this happen?

How can a US user use Polo now?

[Globb0]

Last 3 months




Last year

[Cryptotourist]

^. Yeah, thought it looked familiar:



 

[Hueristic]

^. Yeah, thought it looked familiar:



 

Actually they are not similar at all.

Grins chart represents a pump and dump on launch with the monetary policy creating sell pressure while Monero shows a initial pump and a crippled miner inherited from the previous fork that created a artificial sell pressure until it was found out and then a recovery (as can be seen by the massive drop and then recovery spike) and then price equilibrium being found from the not quite as aggressive emission schedule which is dynamic in nature and does not "Half" and therefore does not create artificial speculation scarcity points just like Grin. Fun fact from Monero history is some of the initial purchasers of Monero tried to force through a emission cutting scheme to alleviate the sell pressure and the community voted them off the Island.