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/biz/ - Business & Finance

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28446777 No.28446777 [Reply] [Original]

Explain why GRT won't be a $10-$15 stable coin. I still think its a great buy and hold.

>> No.28446854

>>28446777
checked
what will happen to the price when the other 88% is issued

>> No.28447042

>>28446854
It’s issued on a schedule. By the time June comes they are going to need the dump from all of the tokens being burned through delegation

>> No.28447143

The Graph $Grt interests me. However, I am worried about their token distribution.

Nearly 6 billion tokens are set to be introduced into circulation by June/July.

That seems extremely aggressive to me.

Any thoughts?

>> No.28447195

>>28447143
It's going to need the liquidity.

>> No.28447215

>>28447143
Yes.
More tokens available to buy.

>> No.28447321

>>28447143
How will people sell if they’re steak for 28 days?

>> No.28447993

>>28447143
>>28446685
GRT is a long hold. I was surprised it pumped so high, but I still think EOY it'll be ~$5. But the benefit from GRT is not from price alone, it's from delegating.
I would be hyped if during summer the price dipped below a dollar, because I'd triple my stack so I can delegate more. Other people who delegate also realize this and are likely to buy the dip.

The tokens being released from early backers are the same. Yes, they are likely to sell a portion of their stack to make their investment back and some profit, but they are just as likely to delegate the rest again to continue to earn profit. Even if GRT remained at $1-$2 for a long time you get passive gains of 10%-20% annually for doing nothing but not selling.

>> No.28448749

>>28447993
>10-20% annually
Sir, this is a casino

>> No.28449451

>>28448749
That's what makes it so good. You're gambling in a casino but the money you put in is held for you and you're forced to gain more of the tokens you'd get from the machine. The slot machine keeps rolling and you can stop it any time you want, but as it rolls you make more money. When you stop rolling the reward should realistically only change within a marginal amount - unless you FOMO'd like a retard when stopping the roll.

>> No.28449739

>>28449451
on a serious, feels like this is only worth it with a fat stack. 90% of biz is gambling shitcoins to multiply 5fig stacks and below

>> No.28449775
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28449775

>>28448749
Imagine not taking advantage of your freeplay offers

>> No.28449788

>>28447143
Where did they announce a huge dump in the summer? I've seen this rumor, but never any evidence

>> No.28450008
File: 218 KB, 3034x1197, grt shit.png [View same] [iqdb] [saucenao] [google]
28450008

>>28449739
Sure. I'd say you need 10k for it to be worthwhile to delegate. 5k minimum if you plan to hold for years.

>> No.28450020

>>28449788
Early Team & Advisors (~23%)

The early team consisted of 25+ founders, employees, contractors, and advisors. Founders, employees, and contractors are on standard 4 year vesting schedules, locked up until July 2021.

>> No.28450389

It will be $10 AFTER JUNE!

>> No.28450657

>>28450389
I think closer to 50... end of year, a 200 dollar ATH

>> No.28450707

>>28450020
The max supply is 10 billion, so wouldn't that only add 2.3 billion tokens?

>> No.28450731

>>28450657
Hopium.

>> No.28450831
File: 1.62 MB, 512x512, 1611193300926.gif [View same] [iqdb] [saucenao] [google]
28450831

>>28450657
>200,000,000,000 mcap end of year

>> No.28450863

>>28450020
From what their site says it's vested, so not all of it will be unlocked at once

>> No.28450911

GRT isn't on robincuck is it?

>> No.28450972

>>28450008
my entire stack is 10k and I can't bring myself to convert more than 70% from bitcoin. wouldn't want to convert everything to grt, wouldn't be able to sleep

>> No.28451013

>>28446777
off topic question, but when I log in to Coinbase pro, it says my tax info is missing, does that mean I don't need to pay taxes for it?
>inb4 jewbase
ik ik just help please ;-;

>> No.28451058

>>28450911
go back tourist

>> No.28451083

>>28450972
Thats why noone will remember your name

>> No.28451133

>>28451058
Nah trying to learn from the autistic lords

>> No.28451325

>>28451083
true, true, though I did roll quads last night.

>> No.28451573
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28451573

>>28447143
yeah, i think you people are retarded.
how many times do we have to tell you the 6bil dump is ALREADY PRICED IN
ANY PRICE DECREASE AT THAT TIME WILL BE RETARDS LIKE YOU PANIC SELLING BECAUSE THEY THINK ITS ABOUT TO PLUMMET
GUESS WHAT HAPPENS AFTERWARDS

>> No.28451772

>>28446777
Because it'll be a $1-$2 stable coin instead

>> No.28451865

>>28446777
Unironically won't be, but it's sure as shit still doing a x5 from here.

>> No.28453219

>>28447143
How else am I going to buy 20k more tokens? At this rate its going to be $5 EOW and I will be priced out. I NEED IT TO CRASH

>> No.28453470

>>28450831
>"Google of Blockchain"

Seems low to me.

>> No.28454010

GRT distribution effecting the price means nothing when the state of Israel and Rothschilds are backing it.

>> No.28454313

>>28447993
Is that 20% paid in GRT? Doesn't that just cause endless inflation and therefore price suppression?

>> No.28454453

>>28447993

how do i become a delagtor

>> No.28454759

>>28454313
There is coin burning. There is a locked max supply.

>> No.28454813
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28454813

>>28454313
It is paid in GRT.
No, because GRT is burned on queries and when users delegate or undelegate, and there is a max supply. It is in your best interest that you're paid in GRT right now, because if the price of GRT is to rise in the future you make more money. Think of you buying GRT each paycheck, but instead, it's free GRT - GRT not in circulation because it is immediately delegated.

>>28454453
Have minimum 5k ideally 10k-50k GRT and then follow directions

>> No.28455270

>>28454813
Now how do I become an indexer.

>> No.28455329

>>28455270
You need 100k GRT and you need to not be stupid, so that rules out most of /biz/.

>> No.28455620

>>28455329
I'll be back in a month

>> No.28456333

>>28454813

5k fuck thats all my savings

idk how i feel about going all in on a project this early especially in a bull market. fuck fuck fuck fuck. i like the theory of the product, but i dont know whether big tech and big companies will destroy this sort of system first or if they eventually say, fuck it we'll join this system as major players.

>> No.28456916

>>28456333
It is entirely possible that short term there is a large dump, especially if bitcoin tanks for any reason. It is also entirely possible the coin recovers or continues to go to $3-6, which is a fairly healthy amount for this token. If you believe in the product you would be holding it long term and you would recover regardless if you're delegating. You would be quite literally investing in the token's future (and therefor your own), that's what investing is.

would never advise doing all your savings without holding enough for 1-2 months rent and living expenses. You also maybe have time to accumulate still, so you can buy at different price points over paychecks. Or not. Do more research first. There are other good investments to be had in crypto right now too.