gridcoin will die, last year gridcoin was ~180 rank in coinmarketcap right now is over 320. its not a good sign.
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gridcoin will die, last year gridcoin was ~180 rank in coinmarketcap right now is over 320. its not a good sign.
I actually do not think so. All cryptos have been blown up by investors who just wanted to make lot of money. This "bubble" has bursted "a little" lately and therefore the prices have declined.
A lot of coins that do not provide any additional value other than "being crypto" will fail sooner or later. Gridcoin is different in this regard, as it does provide value for examples to researchers who want to buy computational resources. This allows gridcoin to build up value outside of the sheer speculation of people who just want to make fast gains.
I sitting in gridcoin almost a year in boinc few years and when you compare gridcoin from october to now you can see over twice lower magnitude but not twice higher price for gridcoin. I know gridcoin isnt about earning money but you can say whatever you want but gridcoin gaining most users during jump on price. Check grcpool stats: https://www.grcpool.com/report/poolChart from day 313 to 356 pool gained over 4 000 users and growth was much faster than ever before and now. why? because that was the time when gridoin price went from 0.04 to 0.17$. As you said many coins are useless they are about making money but this is crucial point for most people. I started when I first calculated gridcoin can pay around 70% electricity bill for my pc during crushing boinc and I said yea its worth it. Right now gridcoin can pay around 30% of electricity bill for my pc. For me its big minus because my previous boinc account was really good and I left my old account for going to gridcoin which right now isnt worth it for me and for sure for many others too. If gridcoin will still falling in rank on coinmarketcap sooner or later markets abandon gridcoin because there is much more bigger coins to deal with than gridcoin.
I do not share your opinion: GRIDCOIN is connected to a strong / old internet project: BOINC with a faithful user base. This user base will not abandon BOINC and some will mine GRIDCOIN whatever the price is, just because it helps pay some of the expenditures – like I do – or because it’s another fun project to be part of. So GRIDCOIN user increase might be slow at the moment as the price of CRYPTO in general is low, but I cannot see how it will dry up at all in the future.
Just do not sell, if the price of GRC is not right for you! Hodling is right thing to do at the moment!
lol, i downvote you because i do not agree with you and you go into some random other thread and downvote-spam me? (what doesn't even matter by your reputation and vote weight.
That's what i call inappropiate and childish behavior.
Lol, nooo :D
Another question: I'm very n00b here at Steemit. Where & how did you get those stats?
You can see them at https://steemd.com or in your case https://steemd.com/@deybacsi
basically i think you can replace the steemit with steemd in every url and it should work to show stats on a thread and all.
It's sometimes a bit slow, bit works great in every other aspect
Wow thanks, I didn't know that.
ROTFL. This guy seems a bit frustrated to me... He also didn't like noobs here :D
Market cap means almost nothing. The market cap is dropping because coinmarketcap lists tokens with coins. If you restrict the list to just coins, Gridcoin has only dropped about 30 places since last year.
In the past 12 months we've seen major leaps forward in the development team and a rise in community interest. If you look at CoinGecko for more useful metrics, we are only just now seeing Gridcoin starting to take off on social media and our development ranking is in the top 30 (including tokens).
The price may have dropped but the ride is just getting started.
Yea, I'm very curious when will the media start to hype this, because this coin is "sooo greeen" ;)
You are right. It's not a good sign.
But if you dig deeper into Gridcoin happenings and zoom out to see a 2 month period, we will see there was those issues with the blockchain... GRC had a bug in the code, what exploded like a time bomb.
The whole chain was forked into about 10 thousand different chains in a few days, and the wallets went unusable, the markets were informed and asked about to suspend their transactions until a fix.
(And we know, unusable blockchain can easily cause a death of a coin...)
I think this was the main issue because when some markets opened few weeks ago, then everbody started to sell their investments. It's good for those like me, because I can buy a lot of cheap Grc. :D
And yes... It has more "added value" than those famous shitcrap quicklife ICO tokencoin thingies, what "just exists" without any meaning.
And don't misunderstand me. Yes. This drop is a very bad sign. And I don't like it :/
But I know why it's happening.