Let’s not get too dreary here; those who left may still easily return when things get interesting.
Anyway, I’d like to discuss some matters with you in PM so let’s head over there.
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Of course, and it is not a judgment about these persons at all. Wanted to say that if there is a time to be united and trust each other (peace and love in a way 
) it is now
Wouldn’t the high inflation be good for accumulation because it keeps the price low. The miners and very early adopters can’t hoard them as easily since they will most likely be able to sell and buy back at a lower price. Investors might look at it as a good opportunity to buy since a large percentage of the coins will be up for trade. This seems to distribute the coins well since they will inevitably end up being traded on the exchanges. It will be interesting to see how the price is effected. This should incentivize the miners since they can acquire such a large percentage of the existing coins versus BTC which is currently at 1.8% annual inflation rate. This will ensure a secure network. New participants will be able to more easily enter the market in the future because they know that only a small percentage of the coins were already generated. With BTC, a lot of people will get the feeling like they missed the boat and it is too late to enter the market. Someone a few years from now would be more likely to start buying the coins versus a low or no inflation coin. It is much more dynamic and organic. It, like Bitcoin, is an experiment and it will be interesting to participate in.
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Look at the GRIN price chart for the past 6-12 months.
I double dog dare you to buy a bunch of GRIN right now and hold it for a month. triple dog dare.
Let’s see how much money you lose.
You say “Well, it can’t get any lower! It’s the bottom! Great time to buy!”
Well, at any point in the PAST YEAR, if you bought GRIN, you lost money the next day, week, month, year. You pick the time frame. You’ve lost money. Why would anyone DARE invest in GRIN? Just speaking from a price perspective and as an investment.
It’s like those penny stock investors – “hey buy Hertz, they’re so low now”
Yeah, they are low for a reason. they’re going bankrupt! LOL
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One of you two will be right
You’re basically saying two things that are contradictory.
- High inflation causes the price to go lower and lower.
- Low price will induce buying.
The translation is: If you buy GRIN, you are guaranteed to lose money. Why would anyone want to buy GRIN only to lose money?
I understand you don’t want hoarding. But isn’t that what investing is all about? You think early investors in Amazon should be punished for taking a chance on an early startup that sells books online? The investors motivation initially may be profits down the line but they helped Amazon to become what they are today.
Most early investors are rewarded for taking a risk on an unproven idea or company. Why is GRIN (or any crypto project) any different? Shouldn’t you be REWARDED for taking a risk on GRIN as an investment? If you take a risk, you should be rewarded. Sometimes your investment pays off, sometimes it doesn’t. Potential profits are part of the equation, not guaranteed losses.
This whole anti-profiting stance by purists are killing this project. There is nothing wrong w/ making money on GRIN as an investment.
I think the founders of GRIN should have created 1 billion GRIN, sold it to the public and used the proceeds to hire engineers, project managers, U/X engineers, QA testers, community builders and created a structure that fosters the development and advancement of MW. You’d have 50 engineers and not 3. You’d have a lot of money for research and not worry about funding. It would help the technology advance far faster than it is today. And with 1 billion GRIN outstanding, your emission rate would be way more reasonable too.
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Dead serious, why do you think it makes sense to make a 30 day play on a coin during max emission? This isnt unique to grin.
You very well know this isnt true so I dont get why you are pretending to be reasonable and why you suggest you understand the discussion.
A year ago today grin was $3.98, the next day it was $4.43 and nine days later you could have potentially sold for $7.52 (189% profit). In fact, in the past year, 21 weeks ended with profit (or 39% of the weeks).
So again, please understand the discussion and set your emotional anger about YOUR bad decisions aside
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Your chart is a 13 month chart. Not 12. The range I looked at was June 17, 2019 when GRIN was $6.30. Yes, I should have said 362 days and not 365 days. My bad. I was 3 days off.
Your chart is quite telling. From $6.30 on June 17, 2019 to $0.48 on June 14 2020. Look at the very chart you posted. You actually made my point better than I could ever have.
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You never lose money until you realize your loss. I would bet that grin will be worth more than $0.52 in 5 years. Maybe not next week. Your narrow moon boy view is tiring.
Early investors got rekt on the order of 90% losses
use your gigantic brain to ignore the first month and everything holds true. You thinking a 1 year play during near 100% inflation is telling for how little you understand how this stuff works.
John, how much GRIN do you own? Have you made money on the coin if you own it? Serious question.
I have never sold any of the grin that I mined. I am not a rich person and do not have the funds to invest with 5+ years in mind. You will never hear me complain about my poor decisions that I’ve made with the trades that I made, I am not a child. No one cares about your poor decisions. You could make a lot of money on grin, or any volatile speculative asset, if you are good at what you do. If you aren’t then you reallllllly better understand what you are doing, which you clearly dont. I do not intend to sell any of the grin that I mined for a long time because I understand that it is not the time for short term gains. With max emission and zero use cases is the dumbest time to expect short term gains.
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Your views and your attitude are exactly why GRIN is where it is today. The “purist” viewpoint. A socialist view of the world. Anti-mooners. Anti profiteers. And full of contradictions.
Well, $6.30 to $0.48 in 362 days. Go ahead, keep defending it. Let’s see in 18 months, if you’re right and we’re mooning again. For a guy who tire of “moon boys”, you sure sound like one.
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You will never hear me complain about my poor decisions that I’ve made with the trades that I made, I am not a child.
Good start. you admit you lost money too. Welcome to the club.
P.S. It’s probably not a good idea to take advice from someone who lost money on their investment. You’re not smarter than the rest of us.
Yes or no, do you understand what the short term investment prospects are during max emissions and no use cases?
There is nothing to defend about the price, but it is doing what everyone should have expected.
My attitude is that NO ONE CARES about your bad decisions, they are your problem and whoever relies on your financials problems. Your lack of understanding isnt something anyone else needs to be concerned about. If you could name ANY coin that performed better in a bear market with 100% emission then I would love to hear it, but you cant, because this is what is expected.
I never lost money on grin because I never sold to realize any loss. I also never bought, I just mined with hardware I already have for my own non-crypto purposes. My power was included in my rent for the majority of the time of the project. But my personal situation shouldnt matter to anyone, just like none of us should care about yours.
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My attitude is that NO ONE CARES about your bad decisions,
LOL, I think you need to see your therapist. At no point did I disclose how much GRIN I bought or still own. Like you, I mined GRIN. Like you, I have not sold a single GRIN that I mined.
So what in holy hell are you talking about? What “bad trades” are you referring to??
Like you, I am sitting on 90% losses. Like everyone on this forum, pretty much.
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Invest wisely and do research. Investors should have been at least dollar cost averaging for such an obviously experimental project. There have been longer periods with Bitcoin where the price was slowly declining and the same thing could have been said. The market cap should represent the project. It is about $22M with 44M coins ~ $0.50 each. There are about 31.5M new coins mined each year. The market cap seems reasonable compared to other cryptocurrency projects out there. If the price falls to $0.05 the market cap would be $2.2M. I think we are approaching the bottom. I am guessing that the price will stabilize well before then. A well informed investor/trader could strategically enter the market and continue accumulating to eventually make a profit. The coin’s sole purpose isn’t to just buy then hold for short period and sell it to someone else at a higher price. One of its’ purpose is to function as money. Would you “buy” some money hoping to hold it for a bit and sell it for a higher price? I don’t think that this type of inflation would be the cause for this project to fail. It is fair distribution and not a secret. If it does fail, it is probably for some other reason(s). If not GRIN, then certainly there will be some successful cryptocurrency with this type of inflation to succeed for some use cases.
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Then you havent lost any money. Educate yourself on your decisions, dont complain about them. You had no reason to expect prolonged and repeated short term gains in a bear market with max emission. This is NOT unique to grin. You have failed to articulate reasonable complaints.
We need to be focusing on usability and use cases to drive demand, price will follow proportionately in the appropriate amount of time.
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I’d also prefer to see some community initiated attempts at marketing rather than official.
I really liked how LovelyGrin just came in and started dropping drawings without saying anything. Similarly I can imagine someone dropping short 1 page articles including drawings that market grin or similar. It’s probably more a matter of time, organization and motivation to do it rather than something preventing us from doing it.