Bitcoin price suddenly surges to 3-year high

[R0H1T]

Chia farming can reportedly ruin a 512GB SSD in 40 days

To recap, Chia uses a 'proof of space and time' model instead of 'proof of work' (Bitcoin) or 'proof of stake' (Etherium 2.0), which essentially means farmers---it...

www.techspot.com

I do hope capitalist companies are aware that we have a finite amount of resources for making silicon based objects...

Et tu, Brutus?

"If Mars were 10% further away it would be impossible to colonize, if consciousness developed 10% later in the history of the Earth, it would be impossible to be multi-planet species due to the sun boiling Earth." - Elon Musk

You know this is exactly why Thanos did what he had to

 

[moproblems99]

Like I said, lot's of morons everywhere, crypto lowered the barrier of entry to losing your money.

Well, good thing most of us aren't losing money.

 

[Space Lynx]

Well, good thing most of us aren't losing money.

to be fair, in terms of markets, the recent boom is only like 4 months old if that... and with the summer months incoming, mining will be more difficult on electrical grids, so I expect there will be a crack down of sorts at least in hotter areas. this may have some negative impact on the price of ETH. I'm not sure. at end of day I still don't understand why ETH is valuable. I understand Bitcoin. but I don't get ETH, I even understand Dogecoin, the masses love a good trolling, they are fickle creatures like that.

ETH confuses crap out of me though.

 

[Vya Domus]

Well, good thing most of us aren't losing money.

So I am told.

 

[RandallFlagg]

Thinking this thread will be real quiet in a few weeks.

 

[moproblems99]

Thinking this thread will be real quiet in a few weeks.

Then everyone will. The stock market is going to go first. Crypto goes up when people don't trust the markets or assholes in charge of world governments. Right now, many trust neither.

Additionally, I am still in the green if all cryptos lose 80% of their value. Can anyone in the stock market say the same?

 

[Vya Domus]

The stock market is going to go first. Crypto goes up when people don't trust the markets or assholes in charge of world governments.

Keep telling yourself that, crypto and stocks are highly correlated, both go up and down together regularly. The same giants that have been involved into crashes of the stock market are now heavily invested in crypto as well.

I am still in the green if all cryptos lose 80% of their value. Can anyone in the stock market say the same?

Uhm, yes ? I am really curious can you explain why that is only possible with crypto ?

 

[Space Lynx]

CORSAIR ONE PRO a200 Compact Workstation PC, Ryzen 9 5950X, RTX 3080, 2TB M.2, 2TB HDD, 64GB DDR4-3200

Experience uncompromising performance with the CORSAIR ONE a200 Compact Gaming PC, powered by an AMD Ryzen™ 5000 Series CPU, NVIDIA® GeForce RTX 30 Series graphics, and award-winning CORSAIR components.

www.corsair.com

hola everyone 3080 is in stock... MSRP for Corsair...

 

[moproblems99]

Uhm, yes ? I am really curious can you explain why that is only possible with crypto ?

Let's just assume you have three stocks worth $1000/share.

How many people investing bought those stocks when they were $200? Almost no one. I have all my crypto at buy ins where they can lose over 80% of their value and still make money.

Now, you knuckleheads are all saying that crypto is for fools and I need to sell it all and by real investments like stocks. Because that is what real men do.

Now part deux, where can I buy investments currently where they will be able to lose 80% of their value and I still profit?

Newsflash, I can't.

In case your vast array of logic continues to fail, it is a really bad time to buy ANYTHING because it is all coming down. The financial tools that are going first are the ones that don't allow you to hide your assets.

Why do you need to hide your assets? Because governments (specifically the US), are going to come take it.

Dogecoin is just fun because you are just playing off the fight between philanthropists and centrists.

 

[Vya Domus]

Let's just assume you have three stocks worth $1000/share.

How many people investing bought those stocks when they were $200? Almost no one.

And how many people invest into these coins when they're worth 0.0...01$ ? Almost no one, what's your argument ? Executives will basically get stock for zero when the company goes public and if they're lucky they become millionaires instantly and if the stock loses 80% of it's value, guess what they're still in the green. Same happens for some people in crypto when a random coin hits a major exchange, there is literally no difference between these worlds. The players might be different but the game is exactly the same.

Now, you knuckleheads are all saying that crypto is for fools and I need to sell it all and by real investments like stocks. Because that is what real men do.

Ah yes, real men who gamble away their money into random unproven assets worth nothing, absolute legends and geniuses. I am not telling you to do anything, I am simply picking apart these bizarre arguments about crypto and their miracle properties never seen before.

In case your vast array of logic continues to fail, it is a really bad time to buy ANYTHING because it is all coming down. The financial tools that are going first are the ones that don't allow you to hide your assets.

Why do you need to hide your assets? Because governments (specifically the US), are going to come take it.

Yeah, because when this supposed financial apocalypse arrives you will simply log in into your favorite exchange/online store and use your crypto. They'll take away everything, expect those.

You are making me curios again with this cutting edge reasosning, why would the government want to take away all your assets ? If it's all coming down and everything except cypto will be worth zero why the hell would they want something that's worth nothing from you ?

 

[ZenZimZaliben]

Ah yes, real men who gamble away their money into random unproven assets worth nothing, absolute legends and geniuses. I am not telling you to do anything, I am simply picking apart these bizarre arguments about crypto and their miracle properties never seen before.

It seems like you don't understand the basics of an open market. If everyone says something is worth X, then it is. Regardless of your opinion on the matter.

Also, if you are holding the bulk of your assets on an exchange then that isn't very smart. Pull it out and put it in your wallet.

 

[moproblems99]

Ah yes, real men who gamble away their money into random unproven assets worth nothing, absolute legends and geniuses. I am not telling you to do anything, I am simply picking apart these bizarre arguments about crypto and their miracle properties never seen before.

You act like we are all ignorant of the risks. Perhaps, just only maybe possibly perhaps, we understand and accept the risk. Ignoring any of my stored assets, I have made 20k just buying and selling dips in doge.

The fact other people can leverage this tool and you don't have the courage or smarts (I don't think this is the case) doesn't mean it isn't a valid tool.

Even Mark Cuban acknowledges it for what it is. He even says it is better than a lotto ticket but he wouldn't recommend it to most investors. But that leaves the door open for people who know what they are doing and understand the risks.

Everyone needs to get over the fact that someone else has found a use for general processing units. I encourage you guys to get over your hate you can't waste energy gaming and rendering shitty YouTube vids because if you don't, you will die of salt poisoning before this ends.

Yeah, because when this supposed financial apocalypse arrives you will simply log in into your favorite exchange/online store and use your crypto. They'll take away everything, expect those.

Again, you are picking points to suit you. I didn't necessarily say apocalypse. Inflation and taxes are coming. You can somewhat hedge against inflation with crypto and the taxes is where you hide your assets. They can't tax you on things they don't know exists. When the tax system is more beneficial for you, you pull it out. I also never said 'coming down' and hiding assets had to happen at the same time. Your are injecting your flawed beliefs into my words.

worth nothing

Also, what exactly is a share of gold if buy a commodity or a barrel of oil. Let's assume I bought some of those. Exactly how do I collect those so I can physically store them on my property?

And what sets the value of that oil. Supply and demand. What sets the value of basketball cards? What about stamps? Crypto?

What if no one wanted basketball cards? Or stamps? What would their value be again?

I don't get why anyone can't figure this out. But then I get it. They all hate crypto because it keeps them from wasting wattage and electricity, thereby warming the planet, by gaming and rendering shitty YouTube videos.

 

[trog100]

coiners and no coiners.. never the twain shall meet.. he he..

my nicehash four hourly payouts are still in silly money land the last one was $35 dollars..

trog

 

[moproblems99]

coiners and no coiners.. never the twain shall meet.. he he..

my nicehash four hourly payouts are till in silly money land the last one was $35 dollars..

trog

I don't even have mine on. Too hot.

 

[Space Lynx]

I don't even have mine on. Too hot.

does your house not have air conditioning? what's the point of all that money if you don't even have an air conditioner for comfort?

 

[moproblems99]

does your house not have air conditioning? what's the point of all that money if you don't even have an air conditioner for comfort?

Do you like to sit in a room with a bunch of GPUs doing their thing and try to work? It's 90F with 70% humidity. And only getting hotter. Besides, I make enough on being a fool and buying and selling the dips that I don't need it on. Besides, my job pays for all my wants and needs and I need to make sure I can devote maximum effort to that.

But yes, it is sort of sad to see all these GPUs sitting here doing nothing. But hey, at least they aren't contributing to the end of our species right?

Also, Plato didn't have an air conditioner so I am pretty sure I don't need one.

 

[Space Lynx]

Do you like to sit in a room with a bunch of GPUs doing their thing and try to work? It's 90F with 70% humidity. And only getting hotter. Besides, I make enough on being a fool and buying and selling the dips that I don't need it on. Besides, my job pays for all my wants and needs and I need to make sure I can devote maximum effort to that.

But yes, it is sort of sad to see all these GPUs sitting here doing nothing. But hey, at least they aren't contributing to the end of our species right?

Also, Plato didn't have an air conditioner so I am pretty sure I don't need one.

Would be interesting to know what the weather was like. I wouldn't be surprised if the Greek Mediterranean was a paradise though back then, if it's to hot, you simply can't think straight. So I doubt he was overly heated too much of the time.

 

[moproblems99]

Would be interesting to know what the weather was like. I wouldn't be surprised if the Greek Mediterranean was a paradise though back then, if it's to hot, you simply can't think straight. So I doubt he was overly heated too much of the time.

Humans can adapt so they can think and live anywhere. Notice how people survive in the deserts and Antarctica.

Adapting is why I got into crypto. The sole purpose was so I could get a GPU years ago cuz I was a salty bastard like all of you. Then I found out it was fascinating and have been around ever since.

 

[R-T-B]

I still don't understand why ETH is valuable.

Only coin with a PoW exit strategy, as well as the foundation API for many of the lesser coins out there. How could it not be a big player?

At any rate, it surprised me how much I can make mining on my Turing. You could have a scalper priced 3080 before the waitlist pops with mining income from a 2080 Super if this keeps up, for nothing but the cost of ~200W electric. It's why I made my mining screensaver believe it or not, to help gamers. It's insane, yes, but there is real money being made.

 

[Vya Domus]

You act like we are all ignorant of the risks. Perhaps, just only maybe possibly perhaps, we understand and accept the risk. Ignoring any of my stored assets, I have made 20k just buying and selling dips in doge.

The fact other people can leverage this tool and you don't have the courage or smarts (I don't think this is the case) doesn't mean it isn't a valid tool.

Even Mark Cuban acknowledges it for what it is. He even says it is better than a lotto ticket but he wouldn't recommend it to most investors. But that leaves the door open for people who know what they are doing and understand the risks.

Everyone needs to get over the fact that someone else has found a use for general processing units. I encourage you guys to get over your hate you can't waste energy gaming and rendering shitty YouTube vids because if you don't, you will die of salt poisoning before this ends.

Wanna throw you a bombshell ? I actually own and trade crypto for quite a while now but I choose not to be delusional about it and what I am getting myself into. I know that that if the stock market really crashes, crypto will crash into oblivion alongside with it with not much left to stand at the end. Whether or not it rebounds, I don't know, but what I do know is that sitting there with a gapping hole in your portfolio and a big smile on your face because "we're going to the moon", or "we're hodling", or we're outsmarting the government is nothing short of insanity.

Crypto and stocks have been moving with frightening correlation in the last two years or so, this can only mean one thing, major corporations and hedge funds are getting involved and they account for a lot of the volume that is being moved. These guys don't "hodl" and they wont stand by and watch their equity go down 80% like you might do. If crypto was once a safe haven (mostly due to the type of ignorance displayed in this thread) from all the financial catastrophes that unfolded, now it sure as hell isn't.

And if some are wasting their time with rendering shitty YouTube videos, most crypto enthusiasts are doing much better by watching these shitty YouTube videos :

 

[R-T-B]

Wanna throw you a bombshell ? I actually own and trade crypto for quite a while now but I choose not to be delusional about it and what I am getting myself into. I know that that if the stock market really crashes, crypto will crash into oblivion alongside with it with not much left to stand at the end. Whether or not it rebounds, I don't know, but what I do know is that sitting there with a gapping hole in your portfolio and a big smile on your face because "we're going to the moon", or "we're hodling", or we're outsmarting the government is nothing short of insanity.

Crypto and stocks have been moving with frightening correlation in the last two years or so, this can only mean one thing, major corporations and hedge funds are getting involved and they account for a lot of the volume that is being moved. These guys don't "hodl" and they wont stand by and watch their equity go down 80% like you might do. If crypto was once a safe haven (mostly due to the type of ignorance displayed in this thread) from all the financial catastrophes that unfolded, now it sure as hell isn't.

And if some are wasting their time with rendering shitty YouTube videos, most crypto enthusiasts are doing much better by watching these shitty YouTube videos :

View attachment 200028

Just as bad as the "this penny stock is going to explode" ads of 2010s frankly.

 

[trog100]

the stock market are a sea of red.. crypto is also down gold and silver have been going up a tad.. what does this mean dunno but it does look a bit ominous.. a storm may be coming..

trog

 

[ZenZimZaliben]

Everyone, Everyone...Listen up!!! Vya Domus says we are all "delusional, ignorant, morons" and thank goodness he injected his highly valued and sought after opinion in this thread, because I wouldn't know how to think without that critical input. Please listen to Vya as he is r/iamverysmart.

Selling all my crypto now... Thanks Vya for pointing me down the correct path.

 

[moproblems99]

what I do know is that sitting there with a gapping hole in your portfolio and a big smile on your face because "we're going to the moon", or "we're hodling", or we're outsmarting the government is nothing short of insanity.

You aren't understanding the game sir.

 

[the54thvoid]

A game of coins.

And it is a game, the type that depends on blind faith. Faith that folk like Musk don't tank things by Tweeting nonsense (like when he praised Doge, then called it a scam). But, as said above, it's a game to be played until the ref blows the whislte.