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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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49534421 No.49534421 [Reply] [Original]

my GRT is hurt

>> No.49535323

>>49534421
They announced at Graph Day that it's over.

In Q1 2023.

The hosted service, anyway.

>> No.49535791

>>49535323
Can’t wait for my apr to increase from 10-15% to 25-30%. The fomo will be glorious

>> No.49535806

>>49535791
meanwhile the token price is -90%

>> No.49535880

Charts lookin pretty tasty. Wouldn't mind buying some of this around 2 - 3 cents. What does it do?

>> No.49535881

>>49535806
Imagine not buying in after a future top 5 coin fell 95%.

>> No.49535900

>>49535880
We won’t even fall below 10 cents. This is the bottom mate. 10 cents = the 15 cents in link

>> No.49535904

>>49535880
Im serious btw I remember having fomo over this at $2

>> No.49535918

Hi all. I have 30,000 I bought all in at $1. What the hell should I do?
Tempted to get another 20,000.
Will it be worth anything in 3+ years or am I looking at a huge loss.
Yes I am delegating.

>> No.49535924

>>49535881
what does this coin do?

>> No.49535929

>>49535900
10 cents is like $1 link isnt it? It's still a billion MC

>> No.49535962

>>49535918
In 3 years realistically you’re probably looking at 400K with 60K a year in passive income.

>> No.49535977

>>49535924
Imagine chainlink but the exact opposite. GRT is a easier moon because the problem it’s solving is 100x easier and scalable.

>> No.49535996

>>49535962
You seriously think grt will hit $10?
I hope so but I can't see much more than $5 at the top even if we have another bullrun

>> No.49536030

>>49535996
It already hit 3 dollars with 5% of its current daily queries. In 3 years this will actually be providing passive income. It’s like buying a future dividend stock that will pay out 10x its current value

>> No.49536037

>>49535977
Yeah but doesn't that make it also less valuable thank Link?

>> No.49536070

>>49536037
That might be true if chainlink also had a burn mechanism. At some point GRT will become deflationary. At the moment it’s so geared to early adopters that missing this opportunity will be the mistake of a lifetime.

>> No.49536104

>>49536070
Can you delegate on any L2s or is it just mainnet?

>> No.49536146

>>49535880
It's a blockchain data indexing and aggregation engine. Developers deploy a specification for a subgraph/API, The Graph gathers and organizes the data accordingly and keeps the API endpoint synced, then anyone can query that data for a small fee. It is currently serving queries for over 20,000 such endpoints; closer to 23,000 EOM. The current number of queries in a given month is believed to be around 45B.

Most of this activity is happening on a free service that was launched three years ago as a proof-of-concept which has driven the protocol's network effects to this point, but it's being terminated in the next few months, bringing all activity and corresponding revenue creation to its decentralized network.

Because it reduces the cost of indexing from thousands or tens of thousands of dollars to a few thousand queries per dollar, even the paid service is cheaper than a DIY approach. It also offers a standard for indexing which is well-supported by its developer ecosystem.

>>49536104
L1 right now, L2 coming soon.

>> No.49536170

>>49536070
thanks bought a sui stack, do I need to stake them now or something?

>> No.49536193

>>49536146
Thanks. Gonna start learnin

>> No.49536203

>>49534421
Guys trust the time traveler. GRT is literally the future.

>> No.49536236

>>49536146
Just seen its available to buy on Arbitrum. Probably just acooomulate their til they launch

>> No.49536239

>>49536203
And I mean this unironically. Someone find the screenshot of the time travelers bags for the future

>> No.49536291

>>49536030
Yes but that was with only 1bil or so in circulation. I bought all mine early on, on the run up to ATH. Watched it go up and back down as I was delegating like a tard.
So you would recommend DCAing my way to 50k or 75k over the next 6 months anything under 15c? I'd really like to wait til under 10c desu.

>> No.49536301

This dip brought me to 25k. 75k more to go

>> No.49536368

>>49536291
1b in circulation knowing 8B we’re coming within 2 years. You’re now at 7b with only 2b left within the next year and actual query fees coming within 9 months. This will not fall below 10 cents buy asap

>> No.49536386

I could buy half a mill of these things right now. Looks like most of the supply is released so that FUD is gone.

but it's still worth a billion dollars. I need to know if that valuation is propped up by any sort of revenue. If you look at the mainnet, it is generating 5$ in fees per day. That's like a billion dollar company making 5 dollars.

I read Chainlink is making 50m/year now. I need to know what the graph's revenue is if all these hosted service subgraphs migrated to mainnet. Give me something to look at. Show me who is using Graph, for what, and how important it is.

>> No.49536474

>>49536368
You said it wasn't going under 14 cents but here we are. I believe in the product, but with the way the market is I wouldn't be surprised if we have further to fall.

>> No.49536497

>>49536386
Chainlink has competition. GRT Does not.

Currently worst case scenario $38 million.
Best case $118 million.

>> No.49536502

>>49536239
I don't know time traveler. Plz enlighten the plebs.

>> No.49536553
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49536553

>>49534421
What is this pattern called, fellas?

>> No.49536558

>>49536553
Cup and handle bottom

>> No.49536681

>>49536386
>I need to know what the graph's revenue is if all these hosted service subgraphs migrated to mainnet.
see >>49533021

>Show me who is using Graph, for what, and how important it is.
https://thegraph.com/hosted-service/
https://thegraph.com/explorer/

The absence of The Graph and Chainlink's services was why the fallout of the ICO bubble was so brutal. The presence of The Graph and Chainlink's services was why DeFi took off and really why crypto made a comeback after the last bear market.

Why is it important? It dramatically reduces the computational overhead of blockchain data aggregation and allows developers to totally offload the burden of infrastructural maintenance.

>> No.49537296

>>49536681
Wow already 2x chainlink revenue with 20% the marketcap. Sick!!! Not to mention the burn mechanism that will result in a deflationary token. WOW

>> No.49537617

>>49537296
It's too early to comment on a deflationary GRT. It would take twice the entire supply being paid in query fees this year for the burn to offset the current inflation rate.

It'll be a couple years at least before fees can sustain the network, and then it'll be safe to taper off indexing rewards. Only then might things begin to become deflationary.

>> No.49537694

>>49537617
Or less since inflation rate and burn rate is entirely determined by governance. It’s already been mentioned that inflation rate was only used to kickstart the protocol and that it’ll most likely be lowered. Buy the rumor

>> No.49538000

>>49536553
The bear market extravaganza

>> No.49538100

>>49536368
I wish I shared your optimism fren. I believe in GRT from the start and still do but I think the macro looks bad for a little while and GRT will suffer as everything will. I hope for sub 7c and then I go to town.
See you all in 2025 with my 100k stack where I hope I will see 100k dollars in return.
Wish me luck

>> No.49538237

>>49538100
I won't feel comfortable with anything less than 167k, which was the public sale cap. My new target is an even 200k.

>> No.49538521

>>49536553
The "surely it can't go worse than this right? And then it does, again and again" pattern

>> No.49538591

>>49538237
How much are you hoping to get from your 200k in the future?
Do you see GRT MC above 20bil at the next bull top?

>> No.49538618
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49538618

>> No.49538792

>>49538591
GRT is going to be in the top 10 next bullrun easily. If not even top 3.
It's pretty damn important to the ecosystem and it encompasses all chains.

>> No.49538874

>>49538591
There's not enough public data available from the hosted service to gauge growth in the bear market, but if everything migrates and mainnet can sustain at least 5% average MoM growth until this time in 2026, yield from 200k ought to be livable. That's just shy of 500B queries per month. 8%, of just shy of 2T queries per month, even better.

If we can ever reach a trillion queries a day, literally everyone holding a sui stack is going to make it. How this sector reaches that point, however, I'm still trying to figure out and help where I can.

>> No.49539170

>>49538874
do you have telegram friend? I'm considering making a big investment in GRT but hate using this board

>> No.49539222

>>49539170
Fuck off Rajeesh

>> No.49539245

>>49539222
I just want to ask some more questions because he seems like the only knowledgeable and objective person in this entire thread. The rest of you are shills

>> No.49539260
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49539260

Literally mooning as we speak

>> No.49539304

TRIPS AND THE GRAPH BECOMES THE NO.1 CRYPTO!!!!!!

>> No.49539314

>>49539304
ok

>> No.49539346

>>49539304
It probably won't be #1, but it's one of the only coins out there that could actually make an argument that it should be.

GRT is on par with ETH in terms of importance to the space. Blockchain literally could not function without it.

>> No.49539690

>>49539170
>>49539245
I'd prefer to stay anonymous, but what questions do you have? I'm here all day and lurking most GRT threads.

>> No.49539733

>>49539245
Stop being a fucking fag and just post in the thread

>> No.49539833

How much monthly passive income would you make in $ approx. right now at these prices (.10-.12 per GRT) if you were to delegate 100k GRT?

>> No.49539877

>>49539690
Sorry meant to tag you anon for this >>49539833
question

Also, how low do you think we can go in this bear? approximately...

>> No.49539886
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49539886

Rite Aid is a better investment.

>> No.49540216

>>49539833
$156 a month

>> No.49540615

>>49539833
>indexing rewards
Around $1000 in a year at average delegation rates and the current price. You can probably squeeze out another $1,000-$2,000 on top of that with a high yield delegation but it would be very unstable and require constant monitoring and potential gas expenditures for re-delegating if things don't pan out with the indexer.

>query fees
Not much right now. At this month's projected earnings multiplied by twelve months, your ceiling is going to be less than $20. $17 from a reputable indexer optimizing for query fees, $2 from a zombie indexer with the default parameters. After migration, you're optimistically looking at more like $200-$300/mo, $100/mo if you want to be more conservative about average query fee pricing.

>> No.49540663

>>49539877
>Also, how low do you think we can go in this bear? approximately...
Until the Luna crash I thought the floor was $0.30, with a worst case scenario of $0.16. We're in uncharted waters. Can't stay too low too long though, especially after the hosted service gets the boot. Liquid supply's really going to dry up fast if there's an extended period in the single digits.

>> No.49540734

>>49540663
So how much of this shitcoin do I need to make it?

>> No.49540760

When BTC dumps to 18k GRT will be 3 cents.

A proper -99%

>> No.49540921

>>49540734
Bear market query growth patterns aren't established yet. There will be more certainty when everything's migrated and we've had time to observe the trends afterward on mainnet.

If last year's average growth continued in perpetuity for 4.5 years, 2k. If last year's worst case growth continued in perpetuity for 4.5 years, more like 100-200k.

>> No.49540987

>>49540921
So, 100k to be safe. Gotcha

>> No.49541661

Parsiq will make GRT obsolete next month.

>> No.49541902

>>49541661
Please shoo with your 0 adoption shitcoin. PRQ can’t compete with the GRT warchest

>> No.49542517

>>49541902
Cope. You are about to get washed away with a tsunami.

>> No.49542521
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49542521

I want to buy GRT but I have heard that VCs have 3 cent bags and have been steadily dumping, Parsiq tsunami api will make all the competitors obsolete like the other guy said.

>> No.49542841
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49542841

bros... is it over...

>> No.49542878

>>49542521
So you rather invest in a premined shitcoin with .003 cents avg’s. God you’re retarded

>> No.49543368

>0.1

can't wait for next week when we unlock another 10% of the supply and dump straight to 0.05

>> No.49543509

>>49543368
if this somehow falls below ankr i'll buy 100k grt