Sinusoidal around what line exactly?
Also, Grin has been on a downward trend for all of 2 days. Are you extrapolating the price in 2 months from that?
Do you think you’ll be able to buy in without moving the market?
I’m not that rich, 3 times losing half my savings is less then the amount of times bitcoin doubled since I’ve been here but not by enough for me to be properly rich.
I learn lessons the hard way and am risk seeking, yet here I am 3 months after launch still being cautious, thats allot of hard learning.
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I am but a simple man, I see the price go down, I dollar cost average.
Not gonna lie, grin’s price has been a bit of a pain in my ass, but I still love this project as much as ever and I will keep on keepin’ on with the dollar cost averaging.
If we do see a surge in popularity, then the price will go up quickly. There’s no way I’m gonna riski not having grin before it happens. On a side note, I want to spend some grin on some goods!
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I could use a little bit of help navigating discourse. How do I send a message to the mods of this forum?
I’m not actually sure who the mods are, but @ brings up names and tends to bring them in
@lehnberg would be a good bet for finding out who the mods are if he’s not one
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@lehnberg Thank you!
Why are there so many, when I don’t think I’ve seen any moderation at all?
I have a habit of diving head frist into every mods bad side and yet nothing at all has happened.
I’ve had 12.5% of my posts deleted by a mod (just counted). They’re very active. You’re just not controversial/ill-behaved enough to trigger them. They are most definitely vigilant. Perhaps too much so. No hype without drama, after all.
@lehnberg I’ve just been informed that I’m not controversial enough, please tell me how to get on your bad side
Your cig smells bad btw
I think this is good buy at those prices. We are forming a little uptrend trendline and touching it again (as a confirmation I think). 1h, Bittrex:
But you don’t account for expansion of the monetary base? Can’t draw straight lines when there’s an exponential decay of the price due to “inflation.”
Also, if you want to draw straight lines on a price chart, you should use a semi-log scale…
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I can use linear or/and log scale. Both are good to work with (but log is much better for longterm charts with huge increase/decrease of price).
Inflation is not that bad with actual market (cap, volumes and many exchanges).
I counted it. Daily 1440 blocks with 60 coins reward is worth around 56btc (with price 0.00065btc per 1 Grin: 86400x0.0065=56.16btc). [Based on https://docs.google.com/spreadsheets/d/1hGyC8tSivtZqjlu8aQgjG0pKfKc0L0RO0leMfjPADp0/edit#gid=0 14400 blocks x60 Grin reward is 86400 new coins daily]
Some miners selling asap, some hodling, but even if all of mined coins are sold each day, with so many exchanges and actual volume, 56btc is small amount. Look at volume daily and markets: https://coinmarketcap.com/currencies/grin/#markets
56btc daily is not much.
Another interesting fact is that we have daily volume close to actual Grin market capitalisation. I think we can see nice price swings with those conditions. Looking at market depths increase like +50% is pretty easy and we saw it at the end of the march.
If we see Binance listng Grin we’ll see easily +100 to +300% increase.
Btw. I noticed that Poloniex has lower prices for Grin than Bittrex, even 1-2% cheaper.
I saw note at Poloniex site that they support Grin by monthly contribution (1.27btc this month). It’s pretty good and unique that big exchange is supporting project. I like it.
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Linear can only reflect human sillyness in the market, which is a thing, but log should be used for the simple fact that this is a game of growth; and a log scale reflects that going from 1->10 is very much the same as going to 10->100, as the people who bought got 10x richer.
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There’s NO one school about that. Both scales have advantages and disadvantages so both can be useful.
we had drops from 12->6 and 6->3; both those events represented people watching half their investment burn up. Linear makes more sense in the slow markets where you only get a doubling or halving in price once a life time and linear and log look basically the same; in cypto its a monthly event, its the ground truth here, people are making big gambles and if you look at 12->6 2 months back and linearly got 6->0 you would be very wrong.
Thanks for opinion. Anyway, crypto market conditions are much brighter than early 2019 due to BTC breakout few days ago, so I see for Grin price opportunities to rise and I’m buying in. Remember we had at the end of March +50% in 3 days just like that, with small volume. I see capitalisation of Grin as a undervaluated now. I think Grin place in next weeks is at 0.001-0.0015 (with 5k$ BTC is 5-7.5$).
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“a wizard is never late, nor is he early,
He arrives precisely when he means to.
Everyone let’s learn some rusty code.
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