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RE: Science is the way – is Gridcoin going to help it?

in #cryptocurrency7 years ago

Ah, fair. Yeah I interpreted your article as calling the value of our baby into question = ).

You are absolutely right that with any crypto there are points of sell pressure as price increases and investors exit/hedge their positions. Remember when btc hit $40 and there was a big sell off? Afterwards, the sell pressure got exhausted and the coin was able to boom. Same concept.

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You might be right. BTC was though first alternative blockchain financial system that became a core trading asset on all of the stocks. It’s being slowly recognized as a payment method. Owning BTC is giving you exponentially more options than owning Grid. I don’t see this happening to Grid so the comparison is a bit off in this case I’m afraid. Maybe I’m wrong.