“I say when I buy, those assholes at bitforex are running a pump and dump for beam and I’m going to wait and wait and wait till beam bleeds”
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This may have been the first time ever I bought low and sold high.
Well, wait… it may just be a “healthy correction”.
That Bitforex comp ended 3 days ago. 1st place equated to around $250USD( peanuts). I really doubt it had any impact on Grin/ or Beam’s price. Wash exchange.
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I’m with @Neo. Other exchanges like KuCoin also mirrored the recent volume boom, which indicates to me it’s not just an exchange-local phenomenon. If it were so easy to pump a coin with only $250 they’d do it to all of them.
The correction today seems quite normal after a hype spike like we’ve had, but IMO the price isn’t dropping back down to what I paid.
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Grin’s price action has been pretty hectic lately to say the least. After a nice little climactic move just over 0.0007, we had a quite volatile pullback. The price action has changed a little bit, I would say there that the buyer’s seem more reluctant, and their are lots of people taking profit above 0.0006.
Bull POV:
In the short term (~1-2 day) if it stays here in this range 0.00058 - 0.00063, it could be a continuation pattern for another leg up into the last swing high at 0.00086. Preferably would like to see it claim the 0.00062 level and trade above. This would be the best case scenario.
Bear POV:
Each pullback usually gets bought up, it looks as if buyers are losing momentum. Buyers have been very aggressive ever since the breakout of 0.003. After this ‘potential blow-off top’ and a strong rejection down. It hints at what could be a reversal. If this range breaks and the buyers are not stepping up. We could be looking at a nasty bleed out as I mentioned in my previous post.
Also to add, Correlation with Bitcoin in the GRIN/BTC pair still seems present, but is a bit weaker. Would be prudent to watch both charts if you are trading Grin short term.
If there’s a ratio being maintained between Grin and Beam, that says to me “large fund with fixed allocations.” I’d suggest such behavior is typical of traditional money managers in large funds deploying big capital over a long timeframe. You can’t “trade” penny stocks with a $1B fund. You slowly ease into them according to the ratios outlined in your prospectus…
Honestly we got in at the bottom cycle, I don’t think we’ve seen $GRIN 2019 ATH.
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Some support just under $4 - around $3.80 - would not be surprised if it fell back to around there before the next leg up… albeit, it’s not dropping like a stone. Would be interesting to do some accumulation/distribution analysis for clues on where it might go next …
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Beam has been pushing that they are equal to grin since the start, and been trying to keep the peace. Beam also went up 200% and bitforex has run a dozen competitions for pure dog shit but this is there first dual coin contest.
I think beam is a very successful shitcoin, this strategy of trying to be silver to a gold has worked out for them really well, the 1:4 ratio broke down a while back and probably made them a pretty penny with their "not a premine"tm, paying a mouth piece to say beam/grin 1:8 while adding a bunch of money to the system could be an attempt to milk it longer.
Motive, means and opportunity are the standards for a criminal trail right? I don’t think that bitforex being a for hire part of the pump and dump ecosystem should be that hard to believe, they ain’t above broad.
The dead weight is latched back onto grin, that’s a sign of poor health; this price movement is only real once beam falls down
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I’m not afraid of quick drop, but I’m scared of value dripping daily.
“Never underestimate the power of hype.” - the hard lesson I learned in crypto. Can easily go to 10-20 and then back to 2.5
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As with new technologies, new coins probably follow the Gartner hype cycle…ideally, one wants to get out around the “peak of inflated expectations” but back in around the bottom of the “trough of disillusionment” …
Agree, but I meant the near future. Look at all the privacy coin charts, they are very similar: initial dump, a big cup and then the 10x-20x pump. The main question is: when.
Yeah, personally think it’s nigh impossible to time so I’m avoiding trading in and out … just holding what I have for the longer term and hope that the ave. purchase price/mining cost was early on the Maturity axis…still, interesting to observe/look for patterns/try to predict… 
We’re in bull market, maybe because we have been staying in bear market in long time, so we’re afraid of many things.
If your hands are strong enough…
It’s possible to trade and accumulate more coins, especially with hype-o-matic coins (like Grin now). They are very predictable.
But I think that actually the best way is to start a business and accept grins.
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Mind to share?
Maybe, but how do you hedge against fluctuating exchange rate with fiat? Depends on what you’re selling maybe…
Great name BTW
how do you hedge against fluctuating
Let’s say you accept fiat, Bitcoin and Grin, I don’t think that $GRIN will be more than 1-5% of your flow (for now). So the fluctuations will not bother you much.
Great name BTW
Grin is the most interesting monetary experiment right now, so how could GRINspan pass by? 
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has any core dev applied for binance listing?