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

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·@fingersik·
0.000 HBD
Science is the way – is Gridcoin going to help it?
## Introduction
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One week ago I wrote an article about [my first real crypto investment](https://steemit.com/cryptocurrency/@fingersik/my-first-real-crypto-buy-in). So far I’m 20/80-Crypto/Fiat, but I’m definitely going to take advantage of the dumb that is currently happening and buy in again.

I have started writing on Steemit when I had literally no money. During the first months I managed to gain low amount of Steem, but at least something. At that time Steem was around 2 bucks, while the BTC was around 2600. Luckily I decided at that time that it’s about time to start learning trading. I managed to trade Steem/BTC for 0,00066 (which was as I see now one of the best ratio Steem ever had). Im totally aware of the fact that it was pure luck, but it gave me some BTC to operate with, so I started searching for speculations.

Right now I have exactly 10 altcoins in my portfolio, but I will definitely add more. Every article from this series will analyse one altcoin concentrating on the reasons why I bought it, its value from my perspective and expected gain. By this I can hopefully help others to make right decisions when selecting altcoins into their portfolios and avoid making mistakes like I did in first case, which was Gridcoin.
<center>http://www.forexpro.pt/wp-content/uploads/trader-forex-dinheiro-face.jpg</center> 
<center>[Source](https://iqoption.com/land/start-trading/en/?aff=17177&afftrack=&clickid=)</center> 
## Gridcoin from noob’s perspective
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<center>https://upload.wikimedia.org/wikipedia/commons/7/79/Grc_universe_logo.png</center> 
<center>[Source](https://en.wikipedia.org/wiki/Gridcoin)</center> 
I always wanted to support science. The centralized way of financing researches is from my perspective totally destructive. First idea that really caught my eye was that through such a Blockchain researches could be self-sustained. Not only the researches would be directly rewarded with crypto, but also anyone willing to lend their computing power.

Also according to its graph, the token was experiencing frequent pumps. This factor was important purely from the speculative point of view, but then again I wanted to make something out of the money I reserved for trading, so it was an important factor.

Also from the information I gathered, the token was minable even with not-so-great PCs. Not like I thought that I will make thousands by lending by shitty computing power, not at all, it was more like doing something for the cause you believed in. Also I was convinced that since my computing power was really bad, it would be able to drain to much energy. Since my PC was running all day long because of the fact that I spend several hours daily to write articles that hopefully have some value for someone, I could just lend the inactive CPU while working.

Lastly I was happy about its 1,5% interest. I had only Steem and BTC at that time, which provided no interest at all. Ok Steem in a way was through curator’s reward, but I felt like exploring the world of cryptocurrencies more.
I bought Gridcoin in 4 ways with an average rate of 0,00001250. 
## Gridcoin from (lesser) noob’s perspective
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Now I wonder, is Gridcoin really a good coin for supporting science? Is there any value in it? Why would anyone buy the token from you? BOINC has been there for couple of years already and all of the CPU/GPU contributors didn’t get anything for their troubles. Gridcoin is great at supporting those who basically sacrifice their electricity and PCs for science. At least they get something out of it right? What is the something though really?

So having a stake of Gridcoin enables you to vote for any change that is being discussed for the token. When I tried to be active only about 15-25% of all the tokens “were voting” and frankly, I didn’t see any reason to vote on most of the things too.
Also a change has recently came to life, which drastically increase the amount of tokens one has to have in order to stake frequently. When I bought 1k of Gridcoin, it was due to the fact that it was enough to stake weekly. Now for that purpose tens of thousands of coins are necessary.

My PC surprised me too. It obviously managed to eat more electricity than thought is in its capabilities. The extra electricity cost me around 15 bucks while netting me basically nothing. Not a huge loss, but still not really to my liking.
The best part is definitely the 1,5% interest. It makes having tons of the coins worthwhile, counting with it not further losing value.

So who would actually buy the Gridcoin from me? Only speculators and those who are looking to build a huge pile of tokens to stake and enjoy the good interest.
## Conclusion
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If I had the knowledge about crypto I have now, I wouldn’t probably buy GRC. Truth is that I didn’t time it perfectly and was catching a falling knives a bit, but at least I didn’t screw that much to buy it waaay overvalued. The value of Gridcoin is lately around 0,00000900 and that puts me at around -25% loss. I’m not that sad about it, since I believe that sooner or later a pump will occur and I will be able to sell it at least at 0% loss and maybe even with a small gain. And if not I’ve learned my lesson. 
HODL till pump it is!
## Gain from trading
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Every article about a cryptocurrency from my portfolio will be ended by my overall trading efficiency. I expect it to be more of a fun fact for a couple of months. Right now I stand at 0,1% gain! Lol everyone had to start somewhere…:D
<center>http://businessstreetonline.com/wp-content/uploads/2013/06/economic-recovery.jpg</center> 
<center>[Source](http://businessstreetonline.com/as-fiscal-drag-dissipates-a-sturdier-recovery-is-in-store/)</center> 
---
Tell me about your first time experiences! Did you have more/less luck than me? What crypto did you opt for? Can’t wait to hear it!
<center> https://steemitimages.com/0x0/https://steemitimages.com/DQmP5UjMYs2Etq5LHZni4QASouDxH6cCSTHTFuLJr6Tvtzx/follow_fingersik.gif </center>
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