Bitcoin price suddenly surges to 3-year high

[trog100]

the whales know exactly when to strike.. just when everyone is expecting bitcoin to go back up they trigger a sell.. in this case they would have a buy option at say 51K...

the too greedy traders get whacked and the weak hearted sell.. the whales gain.. long term the whales want and expect the price to go up they just play games along the way..

their aim is to acquire more bitcoin while its still available..

trog

 

[Tomgang]

Crypto has dropped a lot this week. From topping at 65k and down to 54K what I see right now.

Lovely. I like that. Let it crash and fall down to the button. When it might help on the gpu a viability and pricing. But I'm not sure. It has been seen before that dropping a lot and then the go sky high again.

Come on crypto, crash all ready. I need gpu's for gaming and workstation use for some Cuda core acceleration.

 

[Space Lynx]

Crypto has dropped a lot this week. From topping at 65k and down to 54K what I see right now.

Lovely. I like that. Let it crash and fall down to the button. When it might help on the gpu a viability and pricing. But I'm not sure. It has been seen before that dropping a lot and then the go sky high again.

Come on crypto, crash all ready. I need gpu's for gaming and workstation use for some Cuda core acceleration.

its crashed a bunch of times this year. it always bounces back, because as I said before its the whales doing unregulated exploitation of the Common Person. and there is no way to stop it since Bitcoin is not bound by any nation state. its sad imo.

 

[Tomgang]

its crashed a bunch of times this year. it always bounces back, because as I said before its the whales doing unregulated exploitation of the Common Person. and there is no way to stop it since Bitcoin is not bound by any nation state. its sad imo.

Yeah its a problem it's not regulated as other currencies. It can drop and go as it sees fit.

I am not a fan of crypto. In fact I hate it. Because of many things. Gpu shortage and pricing is just one of the things. There is also how much it pollutes. It actually a significant amount of the world all pollution. If I have read correct. It stand for about 0,5 to 1 % of the entire world pollution. It maybe dosent sound of much. But this is out of the entire world pollution from everywhere in the world

 

[lexluthermiester]

Whether you look at the 24hr or 7day chart, pretty much everything is tanking;

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I'm with Tom, crash sucka's crash!

 

[Outback Bronze]

its crashed a bunch of times this year

Hmm not sure when exactly your talking about. Everybody is saying its crashing but wtf look at the price. Its still way above anything remotely that looks like its crashed no?

Ride the wave Gentlemen.

 

[freeagent]

1 trillion dollar cap.. wow. Serious business.

If the market happens to flood with mining GPU's.. I don't even think I would buy one. I would rather spend more for the same thing that doesn't have taint on it.

 

[Tomgang]

1 trillion dollar cap.. wow. Serious business.

If the market happens to flood with mining GPU's.. I don't even think I would buy one. I would rather spend more for the same thing that doesn't have taint on it.

Same here. I just bought a new gtx 1050 ti and not a used one to be sure not to get a used mining card. New price at that store was resanable, but not great for such an old card gtx 1050 ti is. But at least there is full warranty and not used for mining.

And I can rest assured I have not gotten and old mining card that has been running for hours on hours or payed over price for a used card with out any warranty.

What I really am after is gtx 3060 TI and rtx 3080 maybe TI model.

 

[trog100]

coiners and no coiners.. he he he

trog

 

[freeagent]

I wanted that Asus Strix 3070Ti.. maybe better luck with a 40 series!

coiners and no coiners.. he he he

trog

Your words will bite you one day.

 

[Tomgang]

I wanted that Asus Strix 3070Ti.. maybe better luck with a 40 series!


Your words will bite you one day.

We can hope 4000 series will be better available and pricing not sky rocketing.

For now I have to settle for my old gtx 1060 6 GB and that new gtx 1050 ti for my new biild until gpu marked has recovered from this stupidity.

 

[Space Lynx]

We can hope 4000 series will be better available and pricing not sky rocketing.

For now I have to settle for my old gtx 1060 6 GB and that new gtx 1050 ti for my new biild until gpu marked has recovered from this stupidity.

a bit off-topic, but to be fair there are a lot of great indie games that older gpu's can run just fine. if it wasn't for those top tier indie games in last few years - like slay the spire, dead cells (to many games to list honestly), my love for gaming would have died a long time ago. so there is lot of great stuff to play out there in the mean time. don't get me wrong, I am thankful I got a 6800 and 5600x on launch day, but at end of day - life is what you make of it. /shrug

that's my last off topic for the day mods, I am bowing out now... have to get to work.

 

[Tomgang]

a bit off-topic, but to be fair there are a lot of great indie games that older gpu's can run just fine. if it wasn't for those top tier indie games in last few years - like slay the spire, dead cells (to many games to list honestly), my love for gaming would have died a long time ago. so there is lot of great stuff to play out there in the mean time. don't get me wrong, I am thankful I got a 6800 and 5600x on launch day, but at end of day - life is what you make of it. /shrug

that's my last off topic for the day mods, I am bowing out now... have to get to work.

Some games are not so demanding, but there are games that are demanding and I like to crank details in games to 11 and still getting high fps. My old gtx 1080 TI was beginning showing signs of weakness. So gtx 1060 6 GB is insufficient for my needs. I also just got my hands on a Ryzen 5 5600X and a Ryzen 9 5950X as well to feed my new 1440P 144 Hz monitor with high fps, but gtx 1060 is not up to that task. More gpu power needed. Period.

 

[Space Lynx]

Some games are not so demanding, but there are games that are demanding and I like to crank details in games to 11 and still getting high fps. My old gtx 1080 TI was beginning showing signs of weakness. So gtx 1060 6 GB is insufficient for my needs. I also just got my hands on a Ryzen 5 5600X and a Ryzen 9 5950X as well to feed my new 1440P 144 Hz monitor with high fps, but gtx 1060 is not up to that task. More gpu power needed. Period.

why did you get rid of your 1080 ti and get a 1060?

 

[Tomgang]

why did you get rid of your 1080 ti and get a 1060?

I sold it in August last year with the expectation of value would go down after ampere launched in September. And got a gtx 1060 for temporary use until rtx 3000 launched and pricing had settled down.

But as we all know, that's not what happened. Prices sky rocketing and aviability are still a farce here half a year later. So I'm stuck on that 1060, but not on my own free will. Had everything been normal, I had a rtx 3000 card now.

 

[Space Lynx]

I sold it in August last year with the expectation of value would go down after ampere launched in September. And got a gtx 1060 for temporary use until rtx 3000 launched and pricing had settled down.

But as we all know, that's not what happened. Prices sky rocketing and aviability are still a farce here half a year later. So I'm stuck on that 1060, but not on my own free will. Had everything been normal, I had a rtx 3000 card now.

yep and with TSMC announcing two days ago they may not be able to catch up with demand until 2023, you are in a pickle mate. that is for sure.

hopefully you get lucky soon. if nothing else, try the Newegg Golden Ticket Shuffle, LinusTechTips gamer gpu program they have where you have to verify your a gamer to buy it from them, and EVGA que the line with your email. best of luck to you

 

[Tomgang]

yep and with TSMC announcing two days ago they may not be able to catch up with demand until 2023, you are in a pickle mate. that is for sure.

hopefully you get lucky soon. if nothing else, try the Newegg Golden Ticket Shuffle, LinusTechTips gamer gpu program they have where you have to verify your a gamer to buy it from them, and EVGA que the line with your email. best of luck to you

Thanks. But none of the above is an option for me. I'm not from USA, I'm from Denmark in Europe.

But I have been lucky to get both a 5600X to a good price and a 5950X to MSRP and these two cpu are also hard to get. So I might have some luck left for a rtx 3000 gpu, if I cut just get one. That would keep me going until the market is better. All throw i need two gpu's. But not rtx support for both systems.

 

[phill]

bitcoin is now at 65K with eth at 2400..

things look to be moving nicely..

trog

Would have been a good time to sell up there I think @trog100 !! Then you could have bought back at 51k.... Would have given you a few extra $$$ to play with!

 

[trog100]

Would have been a good time to sell up there I think @trog100 !! Then you could have bought back at 51k.... Would have given you a few extra $$$ to play with!

crystal balls are a handy thing to have phill.. he he..

i just mine on nice hash and hodl what i have.. i intend to ride though the ups and downs.. its simpler that way..

trog

 

[Space Lynx]

crystal balls are a handy thing to have phill.. he he..

i just mine on nice hash and hodl what i have.. i intend to ride though the ups and downs.. its simpler that way..

trog

if I participated at all in this crap, I would agree with Trog on this one. Mine, hodl, ride it.

that being said, Trog is making a classic stock market mistake, in that he still invests a lot of his free time posting on this thread and probably following the crypto world a lot - time is limited - therefore the most valuable of all currencies, so logic dictates, if Trog says to Trog's self - mine, hodl, ride it. - then do so, and simply disconnect from all of it in the mean time and go enjoy yourself with entertainment, enjoying nature, hiking, focusing on health, etc etc. lot of stock market types makes this mistake as well, they buy for long term retirement, but can't resist the urge to check how it's doing every week, when in fact it doesn't matter how its doing, if its 2008 economic crash as long as it doesn't go out of business, you still have no need to ever look, because - if A) it won't stay low forever, as humans have routines and patterns they do daily to live, humans always bounce back and so does the stock market in turn in a weird symbiotic way B) just because it want from 50 a share to 2 a share due to some disaster or other, that's still only short term, and if you truly made decision to hold on long term - then you simply don't let such anxiety ever even take a single ounce of the most precious currency of your life, aka time.

 

[trog100]

when i was younger a long time ago lynx i decided that the thing i wanted to buy the most was free time.. basically the freedom from having to spend a large part of my life working..

now i am fully retired and dont have to work.. i enjoy posting on this forum and find keeping up with crypto scene interesting.. i dont consider it a waste.. i enjoy doing it..

i have just bought a new e-bike.. i am too old for hiking.. he he

trog

 

[Space Lynx]

when i was younger a long time ago lynx i decided that the thing i wanted to buy the most was free time.. basically the freedom from having to spend a large part of my life working..

now i am fully retired and dont have to work.. i enjoy posting on this forum and find keeping up with crypto scene interesting.. i dont consider it a waste.. i enjoy doing it..

i have just bought a new e-bike.. i am too old for hiking.. he he

trog

Makes sense, and that is what I want to hear! e-bike, that sounds like a lot of fun mate, I hope you enjoy that. I am actually considering buying one soon myself.

 

[xkm1948]

It only crash if one is fixated on USD vs BTC.

 

[Space Lynx]

It only crash if one is fixated on USD vs BTC.

that's the only way it works though, if i go to store and they offer you to pay with btc or usd, they are inherently tied together no matter what, because otherwise bitcoins value would be to hard to calibrate.

 

[sepheronx]

Still dropping. But my profits per day are up. So while I lost about $100 worth in BTC, my potential is jumping. Eventually, when it does go back up, what I have earned in this short period will be a lot.

I'm OK as I'm in it for long haul. And these dips happen.