Cryptocoin Value and Market Trend Discussion

trog100 · Feb 28, 2024

LFaWolf said:
FOMO is setting in, $64k as of now.

yes but its dropped back a bit now.. i think fomo will kick back in though..

basically bitcoin is becoming "respectable"

trog

lexluthermiester · Feb 28, 2024

kapone32 said:
Yes, right now CPU mining gives you up to 4x more hashrate vs a GPU.

Didn't know it was that high comparatively. Still, it's been known that things had shifted back over to CPUs vs GPUs for a while now.

Vario · Feb 29, 2024

Whale market manipulation.

lexluthermiester · Feb 29, 2024

Vario said:
Whale market manipulation.

You're not the only one who's suggested that(elsewhere). Think a crash is coming?

EDIT: As pointed out by someone elsewhere, there seems to be some issues with Coinbase;

https://www.reddit.com/r/CoinBase/

This generally only happens when a crash in impending.. This bump is looking very much like a precrash-surge..
EDIT2: The issue with Coinbase it would seem turned out to be an outage cause by an overload of transactions. Not sure what that means. Might be bad, might be nothing..

Vario · Feb 29, 2024

lexluthermiester said:
You're not the only one who's suggested that(elsewhere). Think a crash is coming?

EDIT: As pointed out by someone elsewhere, there seems to be some issues with Coinbase;

https://www.reddit.com/r/CoinBase/

This generally only happens when a crash in impending.. This bump is looking very much like a precrash-surge..

Bump -> Pump n' dump!

lexluthermiester · Feb 29, 2024

Vario said:
Bump -> Pump n' dump!

See edit above.

LFaWolf · Mar 4, 2024

All time high within reach!

Zach_01 · Mar 4, 2024

LFaWolf said:
All time high within reach!

Still needs a good 2.5k (66.5>>69k at time of typing this) but at this point anything is possible...

LFaWolf · Mar 11, 2024

All time high baby!

idkidk · Mar 11, 2024

The fuck 70k
I'm waiting for a crash to buy

dont whant to set it"' · Mar 31, 2024

Can I nickname it the "Ponzi rollercoaster"?
Pretty please? There I did type pretty please.

hat · Aug 3, 2024

Is anyone still mining? I fired up Nicehash again after a long time idling out of curiosity, and it seems even with my cheap ass electricity I'd only be close to breaking even on the cost to feed my old 1070 the juice. With the recent-ish explosion in prices, I'm wondering if it may be worth it to stick a card or two in my server or something and let them plug away, if I had some newer, faster, more efficient hardware.

MentalAcetylide · Aug 3, 2024

dont whant to set it' said:
Can I nickname it the "Ponzi rollercoaster"?
Pretty please? There I did type pretty please.

Its a volatile short-term investment & not something that everyone should get involved in. You're frequently buying(low) & selling(high) in order to mitigate losses since its near impossible to predict a pattern with it. And yes, a lot of it is a ponzi scheme depending on which one you're investing in.

hat said:
Is anyone still mining? I fired up Nicehash again after a long time idling out of curiosity, and it seems even with my cheap ass electricity I'd only be close to breaking even on the cost to feed my old 1070 the juice. With the recent-ish explosion in prices, I'm wondering if it may be worth it to stick a card or two in my server or something and let them plug away, if I had some newer, faster, more efficient hardware.

As a hobby I'm sure there are some still doing it on the side and/or still hold to the illusion that its going to skyrocket in the future, but in general I would say no; especially in this economy. I had mentioned a while back that I heard of someone that had like 50+ Nvidia cards mining crypto. Made a shit ton of money from it, but ended up losing it all because most of what he made was reinvested into increasing his ability to mine more(hardware, electricity costs). So when the crash came, all of his profits were gone and he was stuck with a lot of hardware that he could probably only sell at a loss.

AusWolf · Aug 3, 2024

hat said:
Is anyone still mining? I fired up Nicehash again after a long time idling out of curiosity, and it seems even with my cheap ass electricity I'd only be close to breaking even on the cost to feed my old 1070 the juice. With the recent-ish explosion in prices, I'm wondering if it may be worth it to stick a card or two in my server or something and let them plug away, if I had some newer, faster, more efficient hardware.

Factoring in the cost of GPUs and the cost of electricity these days, even just breaking even is near impossible these days.

Edit: If one wants to do something useful with their PC, donating some computing power through Folding@Home or BOINC is much better, imo. At least someone (science) profits from the results.

dgianstefani · Aug 3, 2024

Literally just do work/study that requires computing power, and write off the GPU as a tax deduction since it's a business expense, which is true. Never mind you also get a nice card for gaming.

Works for me.

R0H1T · Sep 30, 2024

Wonder who's keeping track of all the scams :shadedshu:

https://teslasend.net/

Just in case someone wants to report YT(?) for fraud.

ZenZimZaliben · Nov 13, 2024

BTC only at $92k...still a Fad? LMAO

ty_ger · Nov 13, 2024

Notice how everyone talks about buying Bitcoin but no one talks about buying WITH Bitcoin?
It is a useless currency based solely on speculation. It's way too useless and way too speculative to buy at this ridiculous price.
If you want to make a bunch of money, this is a great time to sell. At the moment, it is all just a ponzy scheme and everyone wants you to buy so that their value can go up.

Vayra86 · Nov 13, 2024

ty_ger said:
Notice how everyone talks about buying Bitcoin but no one talks about buying WITH Bitcoin?
It is a useless currency based solely on speculation. It's way too useless and way too speculative to buy at this ridiculous price.
If you want to make a bunch of money, this is a great time to sell. At the moment, it is all just a ponzy scheme and everyone wants you to buy so that their value can go up.

Yep. The recent infusion is ofc Trump, but nothing changed wrt Bitcoin. Is the US going big on it? How? They gonna buy all the coins now and do federal banking with it? Use nuclear power to mine those last coins? There is just hype, but nobody has a clue.

And here's the kicker, if this is supposed to replace fiat money, pray tell, how are you EVER going to sell something when Bitcoin will only rise in value as it does? The logic just doesn't work out. As long as it is speculative like this, it can't be currency.

kapone32 · Nov 13, 2024

Well what do I say? The value of my Mining rigs have now tripled what I paid for the parts. I can't wait for the 9900X3D so I can throw my 7900X3D into a cheap A620 with RAM I already have. Thanks AMD for making multi core CPUs that mine dollars per day. Whoever wants to doubt or hate on it can say what they want. I still have my bank Account and Investment accounts but Mining Crypto has given me an incentive to upgrade again. The 5950X is a beast at CPU mining BTW. I am not suggesting that someone go out and build a system for mining unless that is what you want to do. At least now my old hardware can still have a use and if you are an Enthusiast there are boards that you just don't sell like Asus B550XE, MSI X570 Unify, MSI X570S Ace Max. Now all of those boards are in use and I contemplating upgrading the CPU from 5900X to 5950X if Black Friday prices are right. I am confident that someone is probably working on another Ehtherium equivalent to bring GPUs back into mining focus.

Just to show the Gravity one of the platforms I use Nicehash has moved to Switzerland and wanted more information than a Driver's licence application to continue on the platform.

Nater · Nov 13, 2024

ty_ger said:
Notice how everyone talks about buying Bitcoin but no one talks about buying WITH Bitcoin?
It is a useless currency based solely on speculation. It's way too useless and way too speculative to buy at this ridiculous price.
If you want to make a bunch of money, this is a great time to sell. At the moment, it is all just a ponzy scheme and everyone wants you to buy so that their value can go up.

Thought the same thing when I first heard of it. Then I went naaaah. At $5K. Then noway, at $20K. Then nope at 40K. Started mining with a 5700XT. Threw in the RX 580's. A GTX 1070. Bought a 3080. Then another. Up to $65k. Sold $1000. Sat on the rest. Now we're hitting $92K. Ridiculous!

My point is -

I've made more this week alone on Bitcoin investment then I'll make all month at my salaried job, and all year in my 401K/Roths more than likely.

kapone32 · Nov 13, 2024

Nater said:
Thought the same thing when I first heard of it. Then I went naaaah. At $5K. Then noway, at $20K. Then nope at 40K. Started mining with a 5700XT. Threw in the RX 580's. A GTX 1070. Bought a 3080. Then another. Up to $65k. Sold $1000. Sat on the rest. Now we're hitting $92K. Ridiculous!

My point is -

I've made more this week alone on Bitcoin investment then I'll make all month at my salaried job, and all year in my 401K/Roths more than likely.

There are ATMs where I live where you can withdraw (In cash) your Bitcoin. F me you can pay your Newegg order with Bitcoin.

ZenZimZaliben · Nov 13, 2024

ty_ger said:
Notice how everyone talks about buying Bitcoin but no one talks about buying WITH Bitcoin?
It is a useless currency based solely on speculation. It's way too useless and way too speculative to buy at this ridiculous price.
If you want to make a bunch of money, this is a great time to sell. At the moment, it is all just a ponzy scheme and everyone wants you to buy so that their value can go up.

You know you can buy a single Satoshi and don't need to buy a whole BTC...? Keep believing it's not a real investment. If all the doubters bought when this thread was started you would be up $75,000 a BTC or 375%.

I cashed out some, paid for the down on my house and paid off a car. I regret the car part because I did it like 4 years ago, but not the house.

kapone32 · Nov 13, 2024

ZenZimZaliben said:
You know you can buy a single Satoshi and don't need to buy a whole BTC...? Keep believing it's not a real investment. If all the doubters bought when this thread was started you would be up $75,000 a BTC or 375%.

I cashed out some, paid for the down on my house and paid off a car. I regret the car part because I did it like 4 years ago, but not the house.

For some Tech Enthusiasts this is the future. I was a non believer but since I started in the last 3 years it has been spectacular.

Zach_01 · Nov 13, 2024

What's diamonds and gold good for other than pretty decorations?
I'm 100% sure that some would find something "real", but before answering... first should ask themselves if their current value reflecting on those so called "real" things.

Almost 15 years have passed since crypto and blockchain was introduced. And another 15 will pass and people will still talk about bubbles and FIAT replacement jokes.

Can I buy anything with a company stock? A pizza maybe? Yet many have them and they buy low and sell high... :rolleyes:

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Cryptocoin Value and Market Trend Discussion

trog100

lexluthermiester

Vario

lexluthermiester

Vario

lexluthermiester

LFaWolf

Zach_01

LFaWolf

idkidk

New Member

dont whant to set it"'

hat

Enthusiast

MentalAcetylide

AusWolf

dgianstefani

TPU Proofreader

R0H1T

ZenZimZaliben

ty_ger

Vayra86

kapone32

Nater

kapone32

ZenZimZaliben

kapone32

Zach_01

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