Bitcoin price suddenly surges to 3-year high

Space Lynx · May 19, 2021

Hardcore Games said:
Hard to say where the supply/demand is reached by with Musk selling, wonder who is next?

Musk sold his Bitcoin do you have a news article to prove this? I searched it and don't see that anywhere. He stopped accepting Bitcoin, but he never sold his to my knowledge. If he did, I wouldn't be surprised to see Bitcoin have another dip down to 30k range or so.

Tomgang · May 19, 2021

Oh bitcoin is down to below 40K now. Is this what I and other gamers are waiting for. The crash of bitcoin. I hope so. It's really frustrating not to be alble to get a rtx card.

But it has been seen before it rising right up again. It just need a good news of something and bitcoin can sky rocket again.

Well time will tell if this is the end or bitcoin will surge again. Please crash, seriously. Just crash.

sepheronx · May 19, 2021

Not just that, A massive purchase of bitcoin was made by MicroStrategy and Saylor.

ETH on the other hand may go proof of stake in a few months. Much earlier than previously claimed.

Outback Bronze · May 19, 2021

trog100 said:
seems to be over

Looks like you were wrong pal.. Could even be more blood on the streets.

64K · May 19, 2021

Could be headed for a panic sell. From the coindesk site:

Final_Fighter · May 19, 2021

64K said:
Could be headed for a panic sell. From the coindesk site:

View attachment 200896

it looks that way. i pulled my stacks and will hold it in stables right now. ill enter back when the market stabilizes. this is 2018 all over again and ill let things play out. should wipe away a lot of coins and let us see witch ones are worth getting back into.

Vya Domus · May 19, 2021

Tomgang said:
Oh bitcoin is down to below 40K now. Is this what I and other gamers are waiting for. The crash of bitcoin. I hope so.

You are barking at the wrong tree, will people ever figure this out ? It's not bitcoin that's making you unable to buy a GPU, it's ETH and it's still doing pretty good. Enough to be profitable, anyway.

trog100 · May 19, 2021

Outback Bronze said:
Looks like you were wrong pal.. Could even be more blood on the streets.

yep you could be right.. he he

40K is definitely a panic sell trigger.. i thought it would hold at 42K but it looks like i was wrong.. i will keep mining hold and see what happens.. it would be a shame i if 2018 does repeat.. kind of boring..

trog

ps.. some crystal ball talk.. now if i had of sold back in 2018 at 18k bought back in at 3k and sold again at 60K and kept mining through the slump period.. hmm..

Vya Domus · May 19, 2021

I don't think this is a classic "bitcoin bubble crash", because we didn't really have a bubble as such, the circumstances for that do not align at the moment (at least according to past occurrences). BTC price was actually tracking predicted models pretty well, there was nothing out of the ordinary. So there is something else happening, I don't think it's all just panic selling either.

I am suspicious and skeptic by nature, I think the global ATH for this year is yet to come, there could something intentional about what's happening right now.

Tomgang · May 19, 2021

Vya Domus said:
You are barking at the wrong tree, will people ever figure this out ? It's not bitcoin that's making you unable to buy a GPU, it's ETH and it's still doing pretty good. Enough to be profitable, anyway.

Oh so it's ETH. I have hornestly not spent much time on what ETH is and how it works. But it's saddens me that it's still doing well.

I just hope for a crast and that ETH doesn't recover again as we have seen before it does. It's so frustrating not be able to get a decent gpu these days. Specially as I exspext next month I can finish my new build and just need gpu for it. Well a better gpu. Does have a gtx 1660 super, but i want rtx 3080 or maybe TI.

Space Lynx · May 19, 2021

I bet the Board of Directors at Tesla going to be mad if Elon doesn't sell his lot soon...

Will lose their only net income profit year they had in company history... LOL

Vya Domus · May 19, 2021

lynx29 said:
Will lose their only net income profit year they had in company history... LOL

I think they also posted profits last year, still, Tesla is a joke of a company in my opinion.

trog100 · May 19, 2021

the thing is.. has it all topped and will it keep going down or will it bottom at some whale determined point and start going up again.. as yet its still an unknown..

it has just had a little bounce and is still above 40K..

trog

64K · May 19, 2021

A panic sell isn't necessarily a bad thing. It could be a serious warning or it could be a good buying opportunity. Warren Buffett once said:

"Be fearful when others are greedy. Be greedy when others are fearful.”

Be Fearful When Others Are Greedy - Arbor Asset Allocation Model Portfolio (AAAMP) Value Blog

It's up to the investor to understand the risks and the investment and decide accordingly.

phill · May 19, 2021

Seen it had all gone a little pear shaped this morning... Kind of a shame but meh

Still way over what it was, so grateful for that

Going down further now, Eth about the 2800 marker, bitcoin a little under 39000.... That what if I had sold comes into it again don't you think @trog100 ??

Space Lynx · May 19, 2021

phill said:
Seen it had all gone a little pear shaped this morning... Kind of a shame but meh Still way over what it was, so grateful for that

Going down further now, Eth about the 2800 marker, bitcoin a little under 39000.... That what if I had sold comes into it again don't you think @trog100 ??

No one ever listens to me. /shrug

phill · May 19, 2021

lynx29 said:
No one ever listens to me. /shrug

Did I miss something @lynx29 ? Apologies, at work and well...

Space Lynx · May 19, 2021

phill said:
Did I miss something @lynx29 ? Apologies, at work and well...

Ask @ZenZimZaliben he knows what I am referring to

my philosophy crap that no one ever listens to me on. @Zach_01 LOL

trog100 · May 19, 2021

phill said:
Seen it had all gone a little pear shaped this morning... Kind of a shame but meh Still way over what it was, so grateful for that

Going down further now, Eth about the 2800 marker, bitcoin a little under 39000.... That what if I had sold comes into it again don't you think @trog100 ??

eth seems to be falling off the most phil.. its a good job i still see it all as monopoly money else losing 20K or so might be painful.. he he

my mining rewards have shot up again though..

trog

moproblems99 · May 19, 2021

Vya Domus said:
I don't think this is a classic "bitcoin bubble crash", because we didn't really have a bubble as such, the circumstances for that do not align at the moment (at least according to past occurrences). BTC price was actually tracking predicted models pretty well, there was nothing out of the ordinary. So there is something else happening, I don't think it's all just panic selling either.

I am suspicious and skeptic by nature, I think the global ATH for this year is yet to come, there could something intentional about what's happening right now.

Anything with crypto is always intentional. The key is figuring out who, why, and what you need to do.

Space Lynx · May 19, 2021

trog100 said:
eth seems to be falling off the most phil.. its a good job i still see it all as monopoly money else losing 20K or so might be painful.. he he

trog

I told you, if you could improve your quality of life by cashing out two weeks ago, then do so.

This crash seems fairly simple to me, China announced major crackdowns on crypto world, more seizing of crypto in China, and since that is where most of the whales are mining crypto... they decided to cash out and flee. Don't blame them. Now the markets are going to crash. I expect 30k BTC and 1800 ETH by midnight tonight. LOL

the little guy in america's and elsewhere got scammed again :roll:

sad

sepheronx · May 19, 2021

lynx29 said:
I told you, if you could improve your quality of life by cashing out two weeks ago, then do so.

This crash seems fairly simple to me, China announced major crackdowns on crypto world, more seizing of crypto in China, and since that is where most of the whales are mining crypto... they decided to cash out and flee. Don't blame them. Now the markets are going to crash. I expect 30k BTC and 1800 ETH by midnight tonight. LOL

the little guy in america's and elsewhere got scammed again sad

Apparently that's incorrect.

At least what some are saying. A lot of fud being passed around so let's wait a few days more. I heard it is so China can force their own gov approved exchange and what not. Will be I retesting times.

phill · May 19, 2021

trog100 said:
eth seems to be falling off the most phil.. its a good job i still see it all as monopoly money else losing 20K or so might be painful.. he he

my mining rewards have shot up again though..

trog

It sure has mate!!

Eth according to the Coindesk page I use, says it's dropped 21% just in 24 hours, lowest it hit was 2430 ish.... Like I said, still way more than than the $100 or so a coin it was back in December !!

trog100 · May 19, 2021

lynx29 said:
I told you, if you could improve your quality of life by cashing out two weeks ago, then do so.

This crash seems fairly simple to me, China announced major crackdowns on crypto world, more seizing of crypto in China, and since that is where most of the whales are mining crypto... they decided to cash out and flee. Don't blame them. Now the markets are going to crash. I expect 30k BTC and 1800 ETH by midnight tonight. LOL

the little guy in america's and elsewhere got scammed again sad

life is fairly simple to you lynx.. lets hope it remains that way..

trog

Space Lynx · May 19, 2021

trog100 said:
life is fairly simple to you lynx.. lets hope it remains that way..

trog

there is a difference between a 10k crash and bounce back a over a week period, and 63k peak less than two months ago now aiming to 30k a coin very probable... that level of volatility is going to scare the big banks away. they though they could control it but they can't. they going to cash out this time and wipe their hands clean of it.

Processor	7800X3D -25 all core
Motherboard	B650 Steel Legend
Cooling	Frost Commander 140
Memory	32gb ddr5 (2x16) cl 30 6000
Video Card(s)	Merc 310 7900 XT @3100 core
Display(s)	Agon 27" QD-OLED Glossy 240hz 1440p
Case	NZXT H710 (Red/Black)
Power Supply	Corsair RM850x Gold

System Name	The beast and the little runt.
Processor	Ryzen 5 5600X - Ryzen 9 5950X
Motherboard	ASUS ROG STRIX B550-I GAMING - ASUS ROG Crosshair VIII Dark Hero X570
Cooling	Noctua NH-L9x65 SE-AM4a - NH-D15 chromax.black with IPPC Industrial 3000 RPM 120/140 MM fans.
Memory	G.SKILL TRIDENT Z ROYAL GOLD/SILVER 32 GB (2 x 16 GB and 4 x 8 GB) 3600 MHz CL14-15-15-35 1.45 volts
Video Card(s)	GIGABYTE RTX 4060 OC LOW PROFILE - GIGABYTE RTX 4090 GAMING OC
Storage	Samsung 980 PRO 1 TB + 2 TB - Samsung 870 EVO 4 TB - 2 x WD RED PRO 16 GB + WD ULTRASTAR 22 TB
Display(s)	Asus 27" TUF VG27AQL1A and a Dell 24" for dual setup
Case	Phanteks Enthoo 719/LUXE 2 BLACK
Audio Device(s)	Onboard on both boards
Power Supply	Phanteks Revolt X 1200W
Mouse	Logitech G903 Lightspeed Wireless Gaming Mouse
Keyboard	Logitech G910 Orion Spectrum
Software	WINDOWS 10 PRO 64 BITS on both systems
Benchmark Scores	Se more about my 2 in 1 system here: kortlink.dk/2ca4x

System Name	PCGR
Processor	12400f
Motherboard	Asus ROG STRIX B660-I
Cooling	Stock Intel Cooler
Memory	2x16GB DDR5 5600 Corsair
Video Card(s)	Dell RTX 3080
Storage	1x 512GB Mmoment PCIe 3 NVME 1x 2TB Corsair S70
Display(s)	LG 32" 1440p
Case	Phanteks Evolve itx
Audio Device(s)	Onboard
Power Supply	750W Cooler Master sfx
Software	Windows 11

System Name	Raptor Baked
Processor	14900k w.c.
Motherboard	Z790 Hero
Cooling	w.c.
Memory	48GB G.Skill 7200
Video Card(s)	Zotac 4080 w.c.
Storage	2TB Kingston kc3k
Display(s)	Samsung 34" G8
Case	Corsair 460X
Audio Device(s)	Onboard
Power Supply	PCIe5 850w
Mouse	Asus
Keyboard	Corsair
Software	Win 11
Benchmark Scores	Cool n Quiet.

Processor	i7 7700k
Motherboard	MSI Z270 SLI Plus
Cooling	CM Hyper 212 EVO
Memory	2 x 8 GB Corsair Vengeance
Video Card(s)	Temporary MSI RTX 4070 Super
Storage	Samsung 850 EVO 250 GB and WD Black 4TB
Display(s)	Temporary Viewsonic 4K 60 Hz
Case	Corsair Obsidian 750D Airflow Edition
Audio Device(s)	Onboard
Power Supply	EVGA SuperNova 850 W Gold
Mouse	Logitech G502
Keyboard	Logitech G105
Software	Windows 10

Bitcoin price suddenly surges to 3-year high

Space Lynx

Astronaut

Tomgang

sepheronx

Outback Bronze

Super Moderator

64K

Final_Fighter

Vya Domus

trog100

Vya Domus

Tomgang

Space Lynx

Astronaut

Vya Domus

trog100

64K

phill

Moderator

Space Lynx

Astronaut

phill

Moderator

Space Lynx

Astronaut

trog100

moproblems99

Space Lynx

Astronaut

sepheronx

phill

Moderator

trog100

Space Lynx

Astronaut

Processor	ryzen 5 5600x
Motherboard	AB350m Pro4
Cooling	custom loop
Memory	TEAMGROUP T-Force TXKD416G3600HC18ADC01 16gbs XMP
Video Card(s)	HP GTX1650 super 4gb
Storage	MZVLB256HBHQ-000H1 PM981a (256GB)/3TB HDD
Display(s)	Nitro XF243Y Pbmiiprx
Case	Rosewill CULLINAN
Audio Device(s)	onboard
Power Supply	Corsair 750w
Mouse	Best Buy Insignia
Keyboard	Best Buy Insignia
Software	Win 10 pro

System Name	Good enough
Processor	AMD Ryzen R9 7900 - Alphacool Eisblock XPX Aurora Edge
Motherboard	ASRock B650 Pro RS
Cooling	2x 360mm NexXxoS ST30 X-Flow, 1x 360mm NexXxoS ST30, 1x 240mm NexXxoS ST30
Memory	32GB - FURY Beast RGB 5600 Mhz
Video Card(s)	Sapphire RX 7900 XT - Alphacool Eisblock Aurora
Storage	1x Kingston KC3000 1TB 1x Kingston A2000 1TB, 1x Samsung 850 EVO 250GB , 1x Samsung 860 EVO 500GB
Display(s)	LG UltraGear 32GN650-B + 4K Samsung TV
Case	Phanteks NV7
Power Supply	GPS-750C

System Name	money pit..
Processor	Intel 9900K 4.8 at 1.152 core voltage minus 0.120 offset
Motherboard	Asus rog Strix Z370-F Gaming
Cooling	Dark Rock TF air cooler.. Stock vga air coolers with case side fans to help cooling..
Memory	32 gb corsair vengeance 3200
Video Card(s)	Palit Gaming Pro OC 2080TI
Storage	150 nvme boot drive partition.. 1T Sandisk sata.. 1T Transend sata.. 1T 970 evo nvme m 2..
Display(s)	27" Asus PG279Q ROG Swift 165Hrz Nvidia G-Sync, IPS.. 2560x1440..
Case	Gigabyte mid-tower.. cheap and nothing special..
Audio Device(s)	onboard sounds with stereo amp..
Power Supply	EVGA 850 watt..
Mouse	Logitech G700s
Keyboard	Logitech K270
Software	Win 10 pro..
Benchmark Scores	Firestike 29500.. timepsy 14000..

System Name	Not so complete or overkill - There are others!! Just no room to put! :D
Processor	Ryzen Threadripper 3970X
Motherboard	Asus Zenith 2 Extreme Alpha
Cooling	Lots!! Dual GTX 560 rads with D5 pumps for each rad. One rad for each component
Memory	Viper Steel 4 x 16GB DDR4 3600MHz not sure on the timings... Probably still at 2667!! :(
Video Card(s)	Asus Strix 3090 with front and rear active full cover water blocks
Storage	I'm bound to forget something here - 250GB OS, 2 x 1TB NVME, 2 x 1TB SSD, 4TB SSD, 2 x 8TB HD etc...
Display(s)	3 x Dell 27" S2721DGFA @ 7680 x 1440P @ 144Hz or 165Hz - working on it!!
Case	The big Thermaltake that looks like a Case Mods
Audio Device(s)	Onboard
Power Supply	EVGA 1600W T2
Mouse	Corsair thingy
Keyboard	Razer something or other....
VR HMD	No headset yet
Software	Windows 11 OS... Not a fan!!
Benchmark Scores	I've actually never benched it!! Too busy with WCG and FAH and not gaming! :( :( Not OC'd it!! :(

System Name	Wut?
Processor	3900X
Motherboard	ASRock Taichi X570
Cooling	Water
Memory	32GB GSkill CL16 3600mhz
Video Card(s)	Vega 56
Storage	2 x AData XPG 8200 Pro 1TB
Display(s)	3440 x 1440
Case	Thermaltake Tower 900
Power Supply	Seasonic Prime Ultra Platinum