The Coinbase Effect boosts The Graph (GRT)

The Coinbase Effect boosts The Graph (GRT)

By Steven_BA | Crypto-Newbie | 26 Dec 2020


Hello guys,

First of all, Merry Christmas to all and a Happy New Year. Being my first post after Christmas, I want to be sure that I wish you all the best and to tell you how glad I am being part of this wonderful community. I've learnt so many things since I've started this crypto-hobby and you've been very helpful in many cases. 

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This post is about The Graph (GRT) or, better said, how I made my second profitable investment on Coinbase. 

It all started on the 17th of December when a notification from Coinbase announced me that a new Ethereum token has been launched on the platform. I had no idea at that time what this GRT is. I was even a bit suspicious about it, due to its name - the Graph. It didn't sound like a professional token, but that was only in mind, as long as my entire argument was simply based on how the name of the token sounds in my mind. 

The GRT value when it was launched on Coinbase was $0.1017, so I thought why shouldn't I buy some, for a small amount, and see what happens?! The question was a bit rhetorical, as along as I focused my attention on something else and I completely forgot about this. 

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I'm not going to start and describe in details what GRT is, how can it be used and so on, because I've seen many posts on the Internet with such purposes. If you would like more information, I recommend you to access and explore these two websites, that are mentioned at the end of this post.

In general, the Graph is an indexing protocol for querying data for networks, like Ethereum and IPFS. This is a very similar project to LINK (Chainlink), which is a very big project and the coin is major. The Graph is exactly the same type of coin.

Going back to my story, as I was saying, when GRT was launched I forgot my idea to buy some and wait, so I lost the pole-position. After a couple of days, monitoring the price, I've decided that it can be an interesting investment. So, on the 19th of December, I bought GRT for 200EUR (192.33EUR after Coinbase fee), when the price per unit was already 0.329EUR (ALMOST FOUR TIMES BIGGER THAN 2 DAYS BEFORE). In the morning of the next day, I sold it without having any logic in my actions. I got back 240.47EUR - 40EUR profit, when the price per GRT was 0.41EUR 

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But what happened next, blew up my mind: on the same day of my first GRT withdrawal, the price went to $0.81 (around 0.66EUR). So, believe me when I tell you that my mind was shattered. This is the story of that day 

Having around 1000EUR invested in XRP, in the following days, I heavily monitored Coinbase and automatically, GRT was there too. So, I've decided to give it another try and I invested on the 22nd of December another 300EUR (288.49EUR after Coinbase fee) when the price was 0.368EUR. At this point I said, OK, I can wait as long as it's necessary, but after 6 hours I withdrew my second GRT profit of almost 50EUR. 

That's how I made 90EUR with 4 clicks. 

 

My successful faucets!

PipeFlare Hive ZCash - ZEC with tier 4 referral program 

FreeCryptos: (DASH), (TRX), (ETH), (Cardano)(BNB), (LINK), (NEO), (LTC) & (BTC)

Free-Litecoin

Stakecube (over 20 single click faucets per day)

Coinbase easy $10 

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Steven_BA
Steven_BA

BA and MSc in International Relations. New to cryptocurrency. One of the best political analysis. Expert in terrorism, post-conflict states and state-building. Up-to-date to everyday political and foreign news.


Crypto-Newbie
Crypto-Newbie

New Crypto-enthusiast. Newbie! Still doing research! What is BTC? How does it work?

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