Cryptocurrency

[Cyclone.TV]

Netflix has also been around for many years, has stabilized, is providing a tangible market product/service, conforms to a set of stable regulations over it, and has a large and distributed base of buyers to support it financially.

I say "entrepreneur" in jest. There.

And had I bought them both in 2008 I’d be a lot richer with bitcoin.

 

[MeowingCows]

And had I bought them both in 2008 I’d be a lot richer with bitcoin.

Too bad you didn't... Terrible investor. Gotta see these things coming!

I know you're just joshing me for spilling Haterade in this thread, but notice I've never said anything bad about the near investing future of crypto.

 

[Cyclone.TV]

Too bad you didn't... Terrible investor. Gotta see these things coming!

I know you're just joshing me for spilling Haterade in this thread, but notice I've never said anything bad about the near investing future of crypto.

You are spilling it...you are water boarding me with it.

 

[MeowingCows]

You are spilling it...you are water boarding me with it.

You're welcome!

Just remember -- you can always s*** on me here because I'm totally biased due to how bad crypto has utterly annihilated the PC hardware market. I sincerely mean that, it's hurt me emotionally, spiritually, and now financially.

 

[VTXCyRyD]

You're welcome!

Just remember -- you can always s*** on me here because I'm totally biased due to how bad crypto has utterly annihilated the PC hardware market. I sincerely mean that, it's hurt me emotionally, spiritually, and now financially.

Must have found a graphics card to buy for 3x msrp?

 

[MeowingCows]

Must have found a graphics card to buy for 3x msrp?

Fortunately, I bought my stuff just a few months before all of this exploded incredibly badly (I've got a 480 8G I'll sell you for $1,000. ) I had debated upgrading even further... Nope. Not gonna happen. Not while cards are double/triple MSRP and memory has more than doubled in price.

 

[VTXCyRyD]

Fortunately, I bought my stuff just a few months before all of this exploded incredibly badly (I've got a 480 8G I'll sell you for $1,000. ) I had debated upgrading even further... Nope. Not gonna happen. Not while cards are double/triple MSRP and memory has more than doubled in price.

No thanks on the 480, but you should probably put that up on Ebay while you can get a premium for it. I didn't think the memory issues were due to crypto.

 

[MeowingCows]

No thanks on the 480, but you should probably put that up on Ebay while you can get a premium for it. I didn't think the memory issues were due to crypto.

The memory issues are tangentially related, but not really. That is more what appears to be (unproven, may I add) a price-fixing scheme between Samsung and Micron. But, GFX cards do eat up memory, so they are also contributing to an overall supply problem... Somewhat. That memory is not the same as what's running on your computer at home.

I thought about selling the card, but... Then what? I can't buy anything else with the money that's reasonable. I ain't paying $800 for a $430 1070, or $1,000 for a $600 1080ti. That's a huge waste. I use my card daily for gaming... I have to replace it with something. Prior to CUDA-based coins taking off (and total market desperation for anything that mines), trading up to a higher-tier nVidia card was a viable option... but, I missed that boat already (I also have a FreeSync monitor, so higher-tier AMD cards were preferable, anyway -- VEGA availability has basically been zero since their release).

I got an absolute steal on my 480 though -- traded a 470 4G plus $50 cash for it.

 

[VTXCyRyD]

I thought you upgraded from the 480 and it was now sitting collecting dust.

 

[MeowingCows]

I thought you upgraded from the 480 and it was now sitting collecting dust.

Nah, I'm currently using it. I debated tossing it up for grabs anyway (buy replacement, sell after it arrives), but quickly realized the errors of my thought process.

 

[CyDude16]

I'm guessing you laugh at animal torture videos too.

Hard to understand peoples desire for others to fail.

Well, that’s some leap you made there. Hopefully you didn’t pull a hamstring in the process.

 

[Playboi Carti]

https://news.bitcoin.com/senate-releases-testimonies-ahead-of-crypto-hearing/

 

[VTXCyRyD]

https://news.bitcoin.com/senate-releases-testimonies-ahead-of-crypto-hearing/

Seems like good news to me. At least it isn't bad news, they didn't say they were going to ban it.

 

[Kypdurron]

Seems like we have found the bottom and are starting to see the market recover.

Reasons for the dip -
Crypto market cap's removal of South Korea from the moving average of the market. This caused a dip and spooked investors.

South Korea - First stating a ban, then switching to taxing. (South Korea is the 2nd biggest market)

China - Extended ban to stop it's citizens from buying from exchanges outside of China.

Tether - This is one to watch as it could spell trouble, its a stable coin where the coin's price is linked to the US dollar. They claim to have a 1:1 ratio of tokens to USD, however a lot of people questioned this. Tether hired an audit company to prove themselves, then fired the company. Sketchy to say the least.

Coincheck - Hacked for close to $534 Million due to using hotwallet storage. A reason why Coinbase and Gemini have yet to be hacked is they use cold storage which short of breaking into the physical building is impossible to steal from.

Chinese new year - This is a major factor, a lot of Chinese buyers take profits at this time and sell 10% of their portfolio which is why there is a dip every January.

Reason for rebound -
Low prices allowed a lot of people to get in on coins that were previously viewed as to expensive

US Gov - They won't regulate crypto's and will allow the market to grow. This is a nice bonus, I would like to see a little regulation so that wall-street feels comfortable putting money in, which will cause the market to go to the moon.

Keep hodling!

 

[TXCyclones]

Seems like we have found the bottom and are starting to see the market recover.

Reasons for the dip -
Crypto market cap's removal of South Korea from the moving average of the market. This caused a dip and spooked investors.

South Korea - First stating a ban, then switching to taxing. (South Korea is the 2nd biggest market)

China - Extended ban to stop it's citizens from buying from exchanges outside of China.

Tether - This is one to watch as it could spell trouble, its a stable coin where the coin's price is linked to the US dollar. They claim to have a 1:1 ratio of tokens to USD, however a lot of people questioned this. Tether hired an audit company to prove themselves, then fired the company. Sketchy to say the least.

Coincheck - Hacked for close to $534 Million due to using hotwallet storage. A reason why Coinbase and Gemini have yet to be hacked is they use cold storage which short of breaking into the physical building is impossible to steal from.

Chinese new year - This is a major factor, a lot of Chinese buyers take profits at this time and sell 10% of their portfolio which is why there is a dip every January.

Reason for rebound -
Low prices allowed a lot of people to get in on coins that were previously viewed as to expensive

US Gov - They won't regulate crypto's and will allow the market to grow. This is a nice bonus, I would like to see a little regulation so that wall-street feels comfortable putting money in, which will cause the market to go to the moon.

Keep hodling!

I'd been reading that about Tether. There is no way they can accurately get to 1:1 with the US dollar as the Fed pumps currency into the economy and then pulls back "as needed" with no real information of how much is being moved in and out. What an odd claim they've made.

 

[Playboi Carti]

Finally seeing an uptrend in the market after a couple days of misery

 

[TykeClone]

http://www.bbc.com/news/world-europe-43003740

The Federal Nuclear Centre in Sarov, western Russia, is a restricted area.

The centre's press service said: "There has been an unsanctioned attempt to use computer facilities for private purposes including so-called mining."

The supercomputer was not supposed to be connected to the internet - to prevent intrusion - and once the scientists attempted to do so, the nuclear centre's security department was alerted. They were handed over to the Federal Security Service (FSB), the Russian news service Mash says.

"As far as we are aware, a criminal case has been launched against them," the press service told Interfax news agency.

 

[VTXCyRyD]

http://www.bbc.com/news/world-europe-43003740

I've wondered how many of the world's supercomputers have been turned over to mining by some tech. They flip a switch when no one is running experiments, or take them down for "testing" and bam!, cryptocurrency mined right to their wallets.

 

[ISUCyclones2015]

I curious how good super computers are since CPU mining isn't as good as ASICs or GPUs. Obviously it would be better 1v1 but curious what the cutoff is

 

[besserheimerphat]

US Gov - They won't regulate crypto's and will allow the market to grow. This is a nice bonus, I would like to see a little regulation so that wall-street feels comfortable putting money in, which will cause the market to go to the moon.

Keep hodling!

Huh? The SEC and CFTC have both said that they are actively working to have oversight on crypto markets.