Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: KryptoBull on March 09, 2024, 03:42:57 AM

Title: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: KryptoBull on March 09, 2024, 03:42:57 AM
Grayscale Investments is the world's largest digital asset manager with GBTC, a BTC-based investment product that is closely watched by the crypto community as it is the main outflow of BTC Spot ETF. Being accepted into GrayScale products such as GDLC or GrayScale Trust [1] can be seen as a success for the token as it gains recognition and stable buying power from GrayScale.

Grayscale Investments has launched the Grayscale Dynamic Income Fund (GDIF), which allows investors to earn staking rewards on nine cryptocurrencies: Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL).

GDIF will allow investors to participate in staking without having to deal with the complex technical aspects. Grayscale will make the capital allocation decisions for staking, and will handle the staking and unstaking process in order to maximize returns. Investors simply need to purchase shares, and Grayscale will stake the tokens, convert the staking rewards to USD weekly, and then distribute them to investors quarterly [2].

(https://talkimg.com/images/2024/03/09/yLlA9.png)

Of course I cannot participate in GDIF because GDIF is only available to qualified clients: those with assets under management of 1.1M USD or a net worth of 2.2M USD. I can only say that the launch of GDIF in the context of the staking and restaking trend is not a coincidence. GrayScale has been very quick to recognize the need for investors to access staking rewards in the market.

The tokens that appear in GDIF will become more valuable and will have additional indirect investors through GrayScale. I believe that the price of these tokens will have strong growth in the future. Immediately after GrayScale's announcement of GDIF on March 5th [3], we saw a daily price increase for many tokens (calculated from the lowest price on March 5th to the highest price since then): APT +22%, TIA +19%, ATOM +32%, NEAR +70%, OSMO +26%, DOT +33%, SEI +57%, SOL +39%. Of course, I don't think this is just a coincidence.

Honestly, I'm currently DCAing BTC and only plan to start DCAing Altcoins after the Halving. APT, ATOM, DOT, NEAR, and SEI are all on my watchlist, I don't think I'll have a chance to buy these Altcoins at the bottom price this year anymore. Although I regret it, I will still congratulate the holders of these tokens.

I'd like to know your opinion on GDIF:
References:
[1] GrayScale: Crypto Products (https://www.grayscale.com/crypto-products)
[2] GrayScale: Grayscale Dynamic Income Fund (https://www.grayscale.com/private-funds/gdif)
[3] Grayscale announces fund aimed at optimizing staking rewards (https://blockworks.co/news/grayscale-fund-optimizing-staking-rewards)
Note:
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: joniboini on March 09, 2024, 10:20:09 AM
Quote from: KryptoBull on March 09, 2024, 03:42:57 AM
I'd like to know your opinion on GDIF:
  • Do you think GDIF will become a new bullish driver for the 9 tokens on the list?
  • Do you hold any tokens on GDIF's list?
  • Has GDIF caught your attention and are you planning to invest in the tokens on the GDIF list?
1. The effect is already apparent, so yeah it will be a short-term bullish driver for the tokens listed above, although I'm not sure how often will this list change or how reliable their listing criteria are. I guess they pick the most popular staking-based blockchain so they reduce their exposure to risky blockchain networks, Solana is quite famous for having outages regularly yet they still list it.
2. I do hold some of them since alt season is likely coming soon, but I probably won't hold them for long.
3. I think it is similar to other indexes, the difference is probably that they explicitly help users to earn passive income on multiple blockchains. I don't really like the idea of centralizing staking activity like this, especially when it involves multiple blockchains. So while I might be able to profit from this, I'd hope that the demand is low. [/list]
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: hugeblack on March 09, 2024, 11:04:34 AM
For years, Grayscale Investments in altcoins has puzzled me. It is not the first time they have announced a list of currencies, but you can track the historical performance of those currencies in 2021 and then know whether they are good investments or not.

So far, I have not found an explanation or correlation between the pairs of altcoins that they invest in. Does anyone know what the common denominator is between Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis? (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL)?
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: MrSpasybo on March 09, 2024, 08:59:18 PM
Quote from: KryptoBull on March 09, 2024, 03:42:57 AM
Honestly, I'm currently DCAing BTC and only plan to start DCAing Altcoins after the Halving. APT, ATOM, DOT, NEAR, and SEI are all on my watchlist, I don't think I'll have a chance to buy these Altcoins at the bottom price this year anymore. Although I regret it, I will still congratulate the holders of these tokens.

I'd like to know your opinion on GDIF:
  • Do you think GDIF will become a new bullish driver for the 9 tokens on the list?
  • Do you hold any tokens on GDIF's list?
  • Has GDIF caught your attention and are you planning to invest in the tokens on the GDIF list?
1. I think this event will have a positive impact on the tokens on the list because they are being mentioned in articles on crypto news websites. The price increase of tokens such as NEAR, DOT, ATOM in the past few days to escape the accumulation zone has reconfirmed this.

2. A small part of my portfolio is in DOT, ATOM, NEAR tokens. Unfortunately I don't have APT, SEI and TIA yet, they are new tokens. Due to fear, I also skipped SOL in 2023, which is really unfortunate  :P

3. Thanks to GDIF, I pay more attention to APT + SEI + TIA. Maybe I will consider investing in them in the near future, if the price of these tokens will adjust to the re-accumulation price zone.
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: I-Bit on March 09, 2024, 11:48:25 PM
Quote from: KryptoBull on March 09, 2024, 03:42:57 AM
Grayscale Investments has launched the Grayscale Dynamic Income Fund (GDIF), which allows investors to earn staking rewards on nine cryptocurrencies: Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL).
I only choose a few coins among those coins. DOT, SOL, APT, and TIA. Maybe I will consider ATOM and NEAR. But I won't buy the other coins such as OSMO, SEI, and CBETH. Although Grayscale has their big reasons for these coins, we also must have our own reasons to invest in some coins. For me, I will choose the coins with high market caps only.

Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: hugeblack on March 10, 2024, 09:44:59 AM
Quote from: MrSpasybo on March 09, 2024, 08:59:18 PM
3. Thanks to GDIF, I pay more attention to APT + SEI + TIA. Maybe I will consider investing in them in the near future, if the price of these tokens will adjust to the re-accumulation price zone.
There is no link between these projects, and therefore investing in GrayScale's GDIF list will lead to a positive result once, and they may sell it after that, or it may turn into a pump dump coin, especially since the list contains many cryptocurrencies.
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: KryptoBull on March 13, 2024, 01:55:53 AM
Quote from: hugeblack on March 10, 2024, 09:44:59 AM
There is no link between these projects, and therefore investing in GrayScale's GDIF list will lead to a positive result once, and they may sell it after that, or it may turn into a pump dump coin, especially since the list contains many cryptocurrencies.
GrayScale did not share how they selected these 9 tokens for GDIF, maybe they have their own criteria about capitalization + community + current price trend + growth potential + profit from staking to optimize income from investments in these tokens, to bring GDIF customers the greatest returns when investing in GrayScale GDIF.

We cannot know the specifics of GrayScale's plans, but usually GrayScale's main income comes from investors' asset management fees, not profits from pump/dump like many market makers in the crypto market. Therefore, I believe that GDIF is a long-term plan like GBTC and not a tool to continuously buy and sell or manipulate the market.
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: Trongduy on March 18, 2024, 06:16:39 PM
Quote from: KryptoBull on March 09, 2024, 03:42:57 AM
I'd like to know your opinion on GDIF:
  • Do you think GDIF will become a new bullish driver for the 9 tokens on the list?
  • Do you hold any tokens on GDIF's list?
  • Has GDIF caught your attention and are you planning to invest in the tokens on the GDIF list?
1. This fund from GrayScale can be considered an ETF, investors just need to put money in, then receive monthly staking interest without having to manage it. It is possible that GrayScale will charge management and staking fees. The tokens on this list will get the attention of investors in the market, and their prices have also increased quite well!

2. Unfortunately, I don't have any crypto in my portfolio yet. I'm waiting for the halving before looking for potential tokens to invest in.

3. These tokens will be the ones I prioritize for reference and price analysis to make investment decisions. I hope their prices don't increase too much between now and then.
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: bettercrypto on March 19, 2024, 09:37:32 AM
Maybe the only thing I like about SEI and SOL is that I can really see their development, especially this SOL blockchain, to be honest. Then the rest, I won't go to hold those, just these two.

And if I have other cryptos, they are not there, and I don't need to mention them. Then another grayscale is that we know that it is one of the whales that also has the ability to control the price value of a crypto that they hold.
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: joniboini on March 19, 2024, 04:06:53 PM
Quote from: KryptoBull on March 13, 2024, 01:55:53 AM
Therefore, I believe that GDIF is a long-term plan like GBTC and not a tool to continuously buy and sell or manipulate the market.
While I also think it is unlikely for them to use this as a manipulative tool, it is better to be cautious since by nature you don't own the underlying tokens at all. Even if you don't plan on owning them, the profit for buying indexes that are not tested is also questionable. I believe this is not the first time a business launched an index. As far as I can tell, the profits for the users are small unless you have tons of capital to begin with. By that point, you're probably better off buying Bitcoin or other coins directly.
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: Faisal2202 on March 20, 2024, 12:00:50 AM
Quote from: KryptoBull on March 09, 2024, 03:42:57 AM
Honestly, I'm currently DCAing BTC and only plan to start DCAing Altcoins after the Halving. APT, ATOM, DOT, NEAR, and SEI are all on my watchlist, I don't think I'll have a chance to buy these Altcoins at the bottom price this year anymore. Although I regret it, I will still congratulate the holders of these tokens.
Don't regret on your BTC buying and not buying ALTs although these alts could make you 5x to 10x easily and talking about near I am also regretful because I bought it in the price range of 1.75 to 1.98 and unfortunately due to some fake news I sold it all and then did not bought it and now see where it sits, I have some dot and atom in my holding and APT is a good choice. I am glad that you are considering buying alts too because at the start I was so optimistic about BTC that I didn't want to consider alts for my portfolio but when I saw the potential they have and the profit they can make me. I started to invest in them but with little money and I made 2x and more than 2x on some. In short I made profit on at least all of the alts.

But still my most profit is in BTC holdings.
Quote from: KryptoBull on March 09, 2024, 03:42:57 AM
I'd like to know your opinion on GDIF:
  • Do you think GDIF will become a new bullish driver for the 9 tokens on the list?
  • Do you hold any tokens on GDIF's list?
  • Has GDIF caught your attention and are you planning to invest in the tokens on the GDIF list?
1. Yeah, these 9 coins will be bullish but we should avoid them if we want to make money because they are already high and we might get into loss if their hype is already to an end.
2. Yes I do hold some, BTW I am amazed why AVAX is not on the list.
3. I might not invest more, as there are other better narratives in the crypto that could give more returns although the risk there is also high.
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: bayu7adi on March 20, 2024, 12:27:01 AM
Until now, I have been monitoring the development of cryptocurrencies related to ETFs and have not made a good decision regarding investment, which is enough to make me safer because until now I was not very familiar with ETFs. Buy BTC or cryptocurrency assets directly on an exchange.

Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: hugeblack on March 20, 2024, 10:31:32 AM
Quote from: KryptoBull on March 13, 2024, 01:55:53 AM
GrayScale did not share how they selected these 9 tokens for GDIF, maybe they have their own criteria about capitalization + community + current price trend + growth potential + profit from staking to optimize income from investments in these tokens, to bring GDIF customers the greatest returns when investing in GrayScale GDIF.
Yes, but these tokens made a good profit when they were announced and have not achieved much since that time, and these investments, compared to Bitcoin investments, seem very small.
You can ask why there is a thread with more detailed information in BTT.
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: MUGNIA on March 20, 2024, 10:54:12 PM
For the tokens listed on GDIF, I don't have all the tokens, although not many, but if they increase by 100% from the purchase, it will be enough for me to make a profit, and I still plan to increase the load on near and sol only.
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: Google+ on March 21, 2024, 10:35:30 PM
Quote from: MUGNIA on March 20, 2024, 10:54:12 PM
For the tokens listed on GDIF, I don't have all the tokens, although not many, but if they increase by 100% from the purchase, it will be enough for me to make a profit, and I still plan to increase the load on near and sol only.
At least we all know that GDIF has a list of tokens which can be said to be a very new project and has a very high risk of putting all the assets on one of the lists provided. To be honest, I prefer Bitcoin and Ethereum which have quite price movements. sure and the risk is very small.
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: KryptoBull on March 24, 2024, 01:38:34 AM
Quote from: Google+ on March 21, 2024, 10:35:30 PM
At least we all know that GDIF has a list of tokens which can be said to be a very new project and has a very high risk of putting all the assets on one of the lists provided. To be honest, I prefer Bitcoin and Ethereum which have quite price movements. sure and the risk is very small.
The potential of tokens does not depend on the lifespan of those projects. I believe that as the crypto market develops, we will have better projects over time. For example, Solana and Avalanche are new projects in the 2021 season but have developed better than older projects like EOS and NEO from 2017.

Grayscale is a large and experienced organization in the crypto market. I believe that they have chosen the best projects for their own criteria, in order to provide the best service for customers and collect asset management fees.

BTC and ETH are still the best tokens to invest in, but other altcoins also promise higher profits in the uptrend. This is the reason why many investors continue to try their hand at altcoins and make the crypto market grow strongly. I love BTC and ETH, but they alone cannot create a market as vibrant as it is today.
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: 0t3p0t on March 24, 2024, 08:00:54 PM
Quote from: KryptoBull on March 09, 2024, 03:42:57 AM
1. Do you think GDIF will become a new bullish driver for the 9 tokens on the list?
2. Do you hold any tokens on GDIF's list?
3. Has GDIF caught your attention and are you planning to invest in the tokens on the GDIF list?
1. Could possibly be a new bullish driver just like what had happened to Bitcoin ETF.
2. Nah, I have memecoins at the moment but it's worth the check especially me who has no holdings yet of those coins on that list.
3. Actually I just got this knowledge from you right now and I'm thankful for this information you've shared OP. As I said it's worth to check since those coins performs very well in the market
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: vegasus on March 24, 2024, 10:57:37 PM
Quote from: KryptoBull on March 09, 2024, 03:42:57 AM
I'd like to know your opinion on GDIF:
  • Do you think GDIF will become a new bullish driver for the 9 tokens on the list?
  • Do you hold any tokens on GDIF's list?
  • Has GDIF caught your attention and are you planning to invest in the tokens on the GDIF list?
This is new for me and so far, it seems like not really great increase with significant rules. Even if itis possible, we can emausre and see for how can it increases.

Quote from: KryptoBull on March 09, 2024, 03:42:57 AM
  • Do you hold any tokens on GDIF's list?
]
No,  and I'm not going to take it as investment. Surely, it won't be.

Quote from: KryptoBull on March 09, 2024, 03:42:57 AM
  • Has GDIF caught your attention and are you planning to invest in the tokens on the GDIF list?
No. I'm not.

If it is about going to invest, I will  prefer to other altcoins of them. they are SOL exactly that has been increasing so  much ad very fast, away from this kinds kind
Title: Re: Do you have plans to invest in the 9 tokens on GrayScale's GDIF list?
Post by: KryptoBull on March 27, 2024, 12:00:22 AM
Quote from: 0t3p0t on March 24, 2024, 08:00:54 PM
1. Could possibly be a new bullish driver just like what had happened to Bitcoin ETF.
2. Nah, I have memecoins at the moment but it's worth the check especially me who has no holdings yet of those coins on that list.
3. Actually I just got this knowledge from you right now and I'm thankful for this information you've shared OP. As I said it's worth to check since those coins performs very well in the market
I don't think the impact of GDIF on token prices will be as strong as spot BTC ETFs are impacting the BTC price. Grayscale is just a company and the investment capital from their clients cannot be compared to those of BlackRock and Fidelity. Additionally, the tokens in GDIF are not as attractive as BTC.

However, I still believe that the price of the tokens on this GDIF list will be well supported in the future. The GDIF list is just a reference, it is not investment advice, so you can still profit from your own portfolio. The memecoins trend is getting stronger, many people also wish they had bought more top memecoins in 2023. If everything continues as it is, Grayscale may soon launch their own memecoins fund.