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RE: 14th April 2017 - Gridcoin 30% spike in 24hr

in #gridcoin8 years ago (edited)

Hmmm...interesting. So, you are expecting a sharp drop in price when GRC is supported again on polo? But I thought Bittrex and C-Cex are fully functioning right now. Their prices are right there with polo. If someone wanted to transfer GRC from their wallet, to an exchange, to sell right now, they could just use one of those.

If you're sure, take a short position, or sell some GRC futures. (does polo let you do that?)

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On normal days Polo does 90% of trades, so maybe there is the reason.
I have to find out what my PW to C-CEX was then. Too bad their email I have to click always takes half an hour. And today I am away for family.

Last time I sold for 750-800 and bought back for 630 a month later. Then it dropped to 400s 2 days later lol.

Current price is nearly 3 times the long time average so yes, unfortunately I think its going to drop again after trade normalises.
If not I will be even more happy then to make a good trade though ^^

We got confirmation from poloniex yesterday that they are looking into enabling deposits/withdrawals for Gridcoin, however it's still disabled at this moment.

In the mean time, the price of GRC has been pretty stable and rising again today.