/biz/ - Business & Finance

[Anonymous No.27974729]

Honest thoughts on where this coin is going. Imo it’s going to 2$ eoy, maybe even sooner.

[Anonymous No.27974768]

historically

[Anonymous No.27974801]

>Red wojack complaing about a crash
>Check coin
>it's down 5c

Reddit newfags get out jesus christ

[Anonymous No.27974833]

>>27974768
this coin

[Anonymous No.27974860]

>>27974729
It's got a nice website. I'll say $39,000 EOW

[Anonymous No.27974992]

>>27974729
I thought it was a pajeet shitcoin when i first learned about it because the google of blockchain sounded like pajeet branding. I bought at $0.40 and sold at $0.60. Then I actually did my research and realized it's the most promising project in defi, bought in at about $0.50 and have padded my stack multiple times up to $0.85. I'm not in the business of EOY forecasts, but I'm bullish on its 3-10 year prospects.

[Anonymous No.27975059]

>>27974833
is a pump and dump

[Anonymous No.27975063]

where's the FUD pasta?

[Anonymous No.27976197]

>it's the google of blockchain
yeah sure
and i'm the fucking google of fucking your mom

[Anonymous No.27976230]

>>27974729
This is an overvalued shitcoin where whale bots literally control all of the market movements. Smart money got in at less than 3¢ with stacks in the millions, while you are buying poverty stacks paying almost a dollar per. This will crab around a bit and then eventually settle around 50¢; it's a legit project, it's just way overvalued and you're already too late.

[Anonymous No.27976269]

>>27974860
incalculably based

[Anonymous No.27976498]

Buy the PRQ dip instead of this shitcoin.

[Anonymous No.27976556]

>>27974729
anything under .85 is a steal imo its bound to hit $2-$5 buy April - June

[Anonymous No.27976902]

GRT Bros, this will blow your mind. Looking at the current site and looking at the number of indexers, there are about 162 indexers. Now, I only took the average of GRT delegated from top 10 delegators. I took the sum of the GRT staked from top 10 biggest indexers, and divided that by 162. I could have took the average of the entire staked GRT per indexers for all of them, but im too lazy, and I did this on purpose just to downplay the amount of GRT staked per indexer. The number came out to be on average of 7.36 Million GRT per indexer. If I did not exclude the rest of the 152 indexers, this number would be much, much bigger. But let's go with this number just to conservative.
Currently there are 26 subgraphs on main net, and it is safe to assume that once all the 7000 subgraphs are on main net, there will be more indexers, about more than 7000+ indexers. But again just to be conservative, let's say only 2000 indexers will exist with an average of 7.36 million GRT staked per indexer, that means there has to be 7.36 million * 2000 = 14.72 Billion GRT tokens!!!
THAT'S RIGHT, THERE WON'T BE ENOUGH GRT TOKENS TO COVER ALL INDEXERS FOR ALL SUBGRAPHS.
10 B supply is unironically not enough bros. This project is no joke. If you invested in it, congratulations anon, because you will make it.

[Anonymous No.27976933]

>>27974729
>HISTORICALLY...

[Anonymous No.27976993]

>>27976902
To explain further:
>developer wants to query data for a specific network, i.e Uniswap
>they have to pay in GRT to the indexers
>Indexers use the fees and take a cut, and deliver some of that cut to delegators
>Right now there are only 162 indexers
>as more subgraphs come to main net (there are about ~7000 still in test net), more indexers will exist to support said subgraphs and compete with other indexers with fairer prices
>As more indexers exist, more GRT will be delegated to secure the network and to also incentivize the delegators to make passive income
>The more GRT that gets delegated, the less will be available for buying/selling
>Eventually there will be so many indexers that there won't be enough GRT to actually be delegeated staked, thus the GRT price will go parabolic due to supply/demand
>Query fees will stay the same as indexers can simply charge for less GRT if the price of GRT rises

[Anonymous No.27977081]

>>27976993
And finally:
>currently 8 mil tokens burned,
>project been out for 2 months
>100k tokens are burned daily with just 26 subgraphs
>when 7k subgraphs are on mainnet, that means there will be 200x more sub graphs than now
>this will lead to a multiplier of daily queries
> even if the number of tokens burnt only went up by 10x let's say
>1 million tokens will be burnt daily (this is a conservative estimate)
>365 million tokens will be burnt on a yearly basis in the future (also a conservative estimate)
>still bigger than number of new tokens minted
>still not a lot of GRT tokens will be enough
>price will still go parabolic even with 300 million tokens minted yearly

[Anonymous No.27977181]

>>27976902
>26 sub graphs to 7000
>152 indexers to 2000

Ugh wtf how do you make these jumps?

[Anonymous No.27977224]

>>27977081
>>27976993
>>27976902
Why would you want a coin's price to go parabolic if you want to use it? This seems like shit that will literally crash and burn once the price goes above a certain margin because it cannot be used anymore

[Anonymous No.27977243]

>>27977181
Because majority of the subgraphs are on the testnet. There are more indexers than subgraphs at the moment, so these numbers you see that I told you are all conservative actually.

[Anonymous No.27977288]

>>27977243
Is there enough demand for this though?

[Anonymous No.27977304]

>>27977224
This retarded fud has been addressed over and over, and you just clicked on my digits without even reading:
>Query fees will stay the same as indexers can simply charge for less GRT if the price of GRT rises

[Anonymous No.27977340]

>>27976902
>>27976993
>>27977081
This is the first good hopium I have seen

[Anonymous No.27977435]

>>27975316
>>27976431
>>27976482
>>27976699
I posted these in the other thread

[Anonymous No.27977531]

>>27977304
So your coins will be worth more, you will just get less in fees as a delegator..

Why would people buy an expensive coin if the return goes down relative to the cost of the coin?

So say if I delegate
1 GRT worth $10 and get a .01 in return

Why would I then want to buy 1 GRT worth $100 and still only get a .01 return?

Am I thinking this through correctly?

[Anonymous No.27977649]

>>27976902
I tried to tell /biz/ this a few days ago. I am 100% serious when I say that the make it stack on this is only 1,000 if you're willing to wait 5-10 years. It could even be sooner.

[Anonymous No.27977716]

>>27977531
burn fees counter this
>>27977649
1k is unrealistic, why do you think this?

[Anonymous No.27977738]

>>27977649
Why would people want a $1000 GRT coin?

[Anonymous No.27977753]

>>27977531
its the same fiat adjusted value, not crypto value

[Anonymous No.27977817]

>>27977716
>Burn fees counter this
Counter what? My point is why would people want to trade accumulate GRT tokens? What’s the incentive once the fee price is what it is?

[Anonymous No.27977871]

>>27977753
Yes so why would someone want to pay for a $100 GRT token? What’s makes the price of the GRT token go up once fees are controlled by fiat price?

[Anonymous No.27978046]

>>27977871
no you idiot, it will always be $5 or some value of fiat, just in crypto form

[Anonymous No.27978107]

>>27977716
The amount of GRT queries per year is going to be in the billions relatively soon, with potential to reach trillions in 2-5 years depending on the growth of defi. While supply shortage won't be an issue, the decimal point on the average transaction is just going to move further and further back over time. The other anon is correct when he is saying that the price increase will be parabolic, since the amount of GRT being burned is going to spiral out of control. It doesn't hurt the project, but it means anybody holding GRT will be rich.

>>27977738
The price of the coin is irrelevant for the project. They can scale all fees to always be worth the same amount of satoshis. What was once 1 GRT will be .000000001 GRT in time.

[Anonymous No.27978209]

>>27977817
the coin is the incentive for private indexers to organize blockchain data that will be used or are being used in other projects
this data is a big part of uniswap
https://thegraph.com/explorer/
https://thegraph.com/explorer/

[Anonymous No.27978296]

>>27978107
the price isn't irrelevant, there is a burn fee set in that is fixed. the free market will decide, but obviously it needs to be profitable
if it was 1k per grt that would put it a magnitude higher than gold's market cap

[Anonymous No.27978465]

>>27978107
So you are basing price growth on burn rate.

supply would go down but will people want to buy it?

I guess I don’t see what moves the price of the token up once we have stabilized.

[Anonymous No.27978508]

>>27974729
There's hype around this so I'll say $60 eoy

[Anonymous No.27978524]

>>27978296
Why would someone want to buy a $1000 GRT token? When the return via delegation doesn’t make it worthwhile? I mean what’s the point? I want to be convinced please

[Anonymous No.27978558]

>>27978107
Define "relatively soon"
I want to get 5k grt ASAP and I could just fucking YOLO it all in right now but I'd really rather not.
How long do I have to build a stack worthy of delegation?

[Anonymous No.27978653]

Started investing in crypto last week.
I have 100 link and 1000 GRT. Am I going to make it?

[Anonymous No.27978738]

>>27978524
the point is it will never go that high and the free market will decide the price.
the indexer decides the fiat fee. the indexers and delegators also generate tokens for indexing.
supply will meet demand and set the price.
i think there is a3 percent inflation rate built in the rewards pool too
https://reward.suntzu.me/

[Anonymous No.27978819]

>>27978558
at least 5k, then wait for gas fees to go down before delegating

[Anonymous No.27978878]

>>27977531
You are retarded.

>1 GRT worth $10 and get a .01 return worth .01

>1 GRT worth $100 and get a .01 return worth $1

You are actually disgustingly retarded. You disgust me. You make me legitimately sick.

[Anonymous No.27978977]

>>27978296
>>27978524
I think the answer for both is that the entire project is scalable. There's nothing set in stone at any point in the process.
The burn fee isn't permanently fixed if that's what you're implying. The ROI will always remain the same in satoshis, it's just the GRT value will change over time.

[Anonymous No.27979089]

>>27978878
>>27978878
No you missed my point anon.. I am saying why would someone want to pay for a $100 coin that returns the same as a $1 coin since the fee rate is decided in fiat?

My point being what drives the price of the GRT token up?

[Anonymous No.27979287]

>>27979089
Price goes up price goes down, you can't explain that

[Anonymous No.27979396]

>>27979287
Ok exactly but someone was saying the price would go parabolic so that is incorrect right?

So the price is who knows? Depends on what kind of fees can be had is my guess.

So price In 5 years may be $1 maybe $10 maybe $100

[Anonymous No.27979426]

>>27979089
The fee rate being decided in fiat is per transaction and not per GRT. The GRT fee per transaction will also eventually change.
Using basic numbers that don't match the current model, but explain the situation well.
>Person A owns 100 GRT now, indexes 100 transactions per month and earns 1 GRT.
>Price goes up x10
>Person B 10 GRT now, index 100 transactions per month and earns .1 GRT
>both people earned the same amount of USD
Does this make sense?

[Anonymous No.27979430]

>>27979089
Because they can't have it if they don't.

[Anonymous No.27979520]

is this shitcoin doing anything right now? if i want to use it like google how do i do this sirs?

[Anonymous No.27979557]

>>27978653
You're a copy of myself. Started this past week. Though I have a stacklet ETH too. If this goes as well as it could, we're gonna make it.

[Anonymous No.27979565]

>>27977649
If they delegate then yes, even people with ~500 could make it in 5 years

[Anonymous No.27979625]

>Waiting a year to 2x

Boomer retard