$25 million market cap for an experimental currency with 0 adoption. This whole space is a mega-bubble; this won’t end well.
Why not start an expedition team contacting money transfer services? I often think landlords would be interested in crypto payments but maybe that’s the wrong starting point.
You can spent Grin here: https://tmgox.com/ & https://bitcointalk.org etc…
Just my 2 Grin
Ding ding! We have a winner for the door raffle!
Buying a coin or a token in the hope that it will rise in price is neither an investment nor a trading strategy, it is a speculation.
Price will rise as adoption grows. Adoption grows when a product or service fills a real need, not a theoretical need. The simpler it is to access and use the better.
Is that Grin under $1?
It may not even take until Monday. Faster than I even thought when I wrote the above. $6500 is a mining price point - so that’ll be when it’s truly interesting, to see if it all collapses or finds a bottom then. But I think we’ll be hitting $6500 before Monday now.
Theory is sh*tcoin bag-holders will finally switch into MimbleWimble coins WHEN A BOTTOM is reached this selling cycle. The MW learning curve has probably kept newly educated buyers from MAJOR buys.
Shit, I looked at the USDC price thinking I was looking at the BTC/Grin ratio and was like OMG lamb…oh… wait, fuck.
Yep, Grin is taking some hard beating these days.
Just my 2 Grin
Is it same our monetary policy?
Yes. Igno will ruin us with his reckless grinjections.
Grin up 13% today, back to $1. Isn’t it strange how a price can seem low and high at the same time.
Newsflash: Neither BTC nor China care about what anyone else thinks.
Newsflash - the world doesn’t care what China thinks - hope you didn’t buy at the top of the pump and dump…
It’ll be back to 8000 soon, and maybe back down below that - I’ll stay with Monday - stickin’ by my prophecy (even though I will admit I didn’t foresee a Xi pump)
We’ll see …
The problem is a direct evidence of a Chinese pump like this pretty much kills goodwill in the US and Europe. I almost wonder if Xi did it on purpose because we all know he hates cryptocurrency really. I think he just wanted American politicians to really hate crypto and libra right as they’re deciding on it, by tainting bitcoin with the ‘China’s darling’ brush
I sold some at $10200 and bought some back at $9400. You go ahead and wait for Monday’s $6500.
Uh huh.
This was one disgusting short squeeze of BTC. We are going down!
GRIN is doing what most early GPU coins (Monero, Zcash, etc) did early.
If you study some of the other similar scenarios they all dumped on launch, pumped a few months in (when we saw $6), then dumped to new lows before finding relative support. That could be $1.00 for GRIN or much lower, we’ll see.
After that, there are big parabolic run-ups (10-100x) over the course of 12-24 months. I don’t know if GRIN is similar enough, or if the space has changed too much, but if it’s anything like Monero’s curve, accumulation would be wise below $1.00 – but be ready to crash deeper and set a 2 year timeline before any gains.
P.S. It was sad to see David Vorick of Siacoin cancel the ASIC project for GRIN, that would’ve pumped price / hashrate up majorly. This really hurt GRIN’s credibility in the ASIC market IMO. Apart from general MW speculation, ASIC is probably the next real catalyst for GRIN price action. And we need to see if there is even demand to mine it to begin with. We really need to see hashrate rise…
So, it’s now Tuesday and BTC is still around 9500… only about 45% above where you predicted it would have fallen to by yesterday. Any more predictions? Or should that be “prophecies”?
I sure hope you weren’t fooled by the Chinese fake-pump. People too dumb to see that trick probably shouldn’t be trading … Everyone was laughing at China as it happened in real-time. Well, everyone laughs at China always really. A sad, stupid little country of gullible, weak people - judging solely by the history of what they accept as governance. From the evidence over time, one wouldn’t expect critical thought I guess - they just cheer whatever their oppressor wants to put over on them, century after century… I’m sorry Xi took your lunch money, but you really shouldn’t displace blame onto other people for your problems. You could have done due diligence on your fantasies. I said 6500 in a few weeks 7 days ago, and I see nothing about the already failing weekend pump-and-dump to change that.
I am with many expert voices in the industry in my assessment of fatal flaws with bitcoin.