Bitcoin price suddenly surges to 3-year high

[R0H1T]

Power is a curious thing. Three great men, a king, a priest, and a rich man. Between them stands a common sellsword. Each great man bids the sellsword kill the other two. Who lives, who dies?

Power resides where men believe it resides. It’s a trick. A shadow on the wall. And a very small man can cast a very large shadow.

As always, from everyone's favorite hated (post S6) show

 

[Vya Domus]

You aren't understanding the game sir.

Of course I’m not. What was I thinking, this is a discussion on an Internet forum titled “Bitcoin price suddenly surges to 3-year high”. I should have known better, this is a melting pot of experts and pioneers in the future of financing.

I am ready to be lectured, please do explain what the game is.

Vya Domus says we are all "delusional, ignorant, morons"

Funny how saying that I choose not be delusional is interpreted by others as ”he must mean that I am delusional, me, in particular”. I see you very r/smort yourself.

Also, what is up with this "he is telling us to sell our coins" stuff ? I've literally never said that, those crashes in the past left some of you with PTSD or what ?

 

[ZenZimZaliben]

r/smort lol

BY saying you aren't delusional after just stating that we are morons would be easy for someone to infer that we are also delusional, unlike yourself.

Besides I'm just poking fun. There is no reason for name calling even if it is not directed at one specific person.

NO I am one of the morons who always buys on the dips and I look at crashes as opportunity. Someone once said Buy Low and Sell High. Well with crypto..what is high? It's an ever moving goal post. So regardless of what the youtubers are I doing I'm HODLING.

 

[Vya Domus]

Besides I'm just poking fun.

Yeah, sure.

NO I am one of the morons who always buys on the dips and I look at crashes as opportunity. Someone once said Buy Low and Sell High. Well with crypto..what is high? It's an ever moving goal post. So regardless of what the youtubers are I doing I'm HODLING.

What can I say other than this is a high IQ amazing strategy, I am gonna get scolded and ridiculed by the experts on here if I don't.

 

[Space Lynx]

y'all need to stop arguing before some cranky mod comes in here and shuts this thread down.

just move on all of you.

I have already said everything I wanted to say in previous posts.

@moproblems99 main thing is just make sure you enjoying life my man, that's most important thing. I love my new line of work, its no stress and my boss is nice. weather is great, going biking and for walks. yeah, I wish I had more money, I won't lie. but I do believe there is a cap to happiness, I believe most studies say around 80k a year is max happiness after that its severe diminishing returns. for me that number is around 50k... my goal is to get a 50k job someday... and just finance a house, do the traditional thing. i don't know. /shrug life is what you make of it

 

[moproblems99]

I believe most studies say around 80k a year is max happiness after that its severe diminishing returns

Have you made 80k a year yet?

Edit: I hate this phone. Wealth is a sliding scale. When the area around you goes up, you better hope you keep up.

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.

Well, people like me take solace knowing that there is a large group of people that will always hodl. This allows me to guess an approximate floor and feel comfortable betting on more dips and selling on lower peaks. This reduces my risk (provided my theory is right). But most investing is all about testing theories. I'd love to win but it won't kill me to lose. Except my pride.

 

[MentalAcetylide]

Have you made 80k a year yet?

Edit: I hate this phone. Wealth is a sliding scale. When the area around you goes up, you better hope you keep up.

We went from "Keeping up with the Joneses" to "Keeping up with the Kardashians" and back to "Keeping up with the Joneses" already? We must be jonesing for the Joneses again.

 

[moproblems99]

We went from "Keeping up with the Joneses" to "Keeping up with the Kardashians" and back to "Keeping up with the Joneses" already? We must be jonesing for the Joneses again.

More what I meant was when anyone says you only need X of Y to by happy, I immediately say:. What the fuck did you base that off of?

A specific point in time? A specific value of the dollar? The phase of the moon in relation to doge in relation to Jupiter?

 

[Zach_01]

Money can't really make you happy. But when you don't have it to keep up with your obligations and payables you can be unhappy. Beyond that, anything else is just a tool to make your life easier, to have the **"freedom" to enjoy some things more than... just to exist. But certainly can't make you truly happy. Other things can, but money won't buy you those. And when you think you can buy happiness, you're just delusional.
My job already gives me enough "freedom" to cover my expenses and to spend for a few enjoyable things or to save. Its not $80k, its around half+.
I'm into the "investing game" for a back up. For me or who ever I choose to help. Health care, paychecks, better life standards and so many more. I or the people around me don't need a mansion or a villa to live in, nor a supercar in the garage. Ok, I wouldn't say no to a Nissan GTR because I'm into fast AWD cars (hence my car in my avatar) but this is more like a desire and it will stay like that.

And something else...
Its not the same today for those who already have the hardware (even 1 GPU) to choose between direct buying or mining. Its definitely better to mine.
8xRX580 + 1x5700XT cost me €3.5 in power and mine €50+ of ETH /day. I'm buying ETH at 1/15 of its current price.

**freedom is also a delusion in this kind of society we live in

 

[trog100]

better to mine than buy i dunno.. allowing for selling my older hardware i have just spent around $12K on mining hardware.. that same 12K spent at the beginning of the year on eth would have bought me 12 or so coins.. those 12 coins would now be worth around 50K... a nice 38K profit..

currently nicehash is showing silly daily gains of $200-ish dollars.. more than double what it was doing but it will still take a while to mine that 38K..

for me anyway the big gains come from the coins i already own.. mining takes to long to build up a stash.. ..

trog

 

[Zach_01]

Why oh why did read the half of it...?

And something else...
Its not the same today for those who already have the hardware (even 1 GPU) to choose between direct buying or mining. Its definitely better to mine.
8xRX580 + 1x5700XT cost me €3.5 in power and mine €50+ of ETH /day. I'm buying ETH at 1/15 of its current price.

**freedom is also a delusion in this kind of society we live in

 

[trog100]

Why oh why did read the half of it...?

i already had the hardware but to mine in any meaningful way i had to update it.. i pretty much said the same thing as you but changed my mind.. he he..

3xxx cards mine at more than double the rate for roughly the same power usage..

trog

 

[Zach_01]

i already had the hardware but to mine in any meaningful way i had to update it.. i pretty much said the same thing as you but changed my mind.. he he..

3xxx cards mine at more than double the rate for roughly the same power usage..

trog

Yeah, I won't update those RX580s. I already paid for them a few years back and still can mine with a meaningful way IMO. There is no need for me to spend thousands of €€€ right now to get latest hardware.
I kept 10x580s going even when gross profits was "only" power cost or even less (ETH at €90). I had the belief that price would be back up one day. And here we are today still making a nice gain.

So we didn't said exactly the same... I never said buy the latest hardware.

 

[trog100]

no but way back in this thread i said dont buy the latest hardware.. just mine if you already have it.. but i changed my mind.. worth it or not i still aint sure.. nicehash is currently showing me a nice $200 dollars a day though for 730 m/sh...

trog

 

[Zach_01]

Same says cryptocompare calculator

$202 gross profit



You can check it at the pool stash or at your wallet/address if it grows by that much /day.
0.047 ETH/day of course this depends on current price.

 

[phill]

y'all need to stop arguing before some cranky mod comes in here and shuts this thread down.

just move on all of you.

I have already said everything I wanted to say in previous posts.

@moproblems99 main thing is just make sure you enjoying life my man, that's most important thing. I love my new line of work, its no stress and my boss is nice. weather is great, going biking and for walks. yeah, I wish I had more money, I won't lie. but I do believe there is a cap to happiness, I believe most studies say around 80k a year is max happiness after that its severe diminishing returns. for me that number is around 50k... my goal is to get a 50k job someday... and just finance a house, do the traditional thing. i don't know. /shrug life is what you make of it

Did someone say Mod?? I'm no Mod...... ish...

The thing with mining and all the rest of it, you put in whatever you wish to, can loose or whatever, there's no point in getting bank loans and such for everything...

Right now a mate and I are having fun doing it, we can make some good money from it if we choose to sell. Currently we have cards of various ages, old to newish and new and we mine on them all. People know me and my project thread for having hardware coming out my ears, it's what I like, what I enjoy, I see no reason to not use whatever I have to gain something from it, after all PC's are a tool to do a job, whether its gaming, FAH, WCG or just general use of surfing the web and all the rest.

I don't need to nor want to share to much about what I do because some people may or may not like it or get shirty or all the rest of it. But I do try to do is help people wherever I can. Money don't buy everything, but for everything else, there is master card... Hang on... Never mind, I digress...

People who wish to mine will mine, if they see it as a get rich quick scheme then you needed to be in it from the start. For example, I had 3 Eth left over from when I last mined, when we looked at it at the beginning of the year, it was worth nearly $4000, now those 3 coins if I'd kept them, would be worth $12,000+...
I do believe hand on heart or head, both, that there will come a time that the bubble will burst. I always believe things because sometimes too much of a good thing is sadly not always going to last but I hope that it does for a little while longer. If not, we can go mine something else or just carry on (maybe not at the same capacity) and hope that Eth gains strength again like it has done and away we go again.. Who knows, if I keep mining with my friend, things go to crap, I might just let things carry on, one day realise there's 100 coins there (numbers out of the sky) and they are worth $10,000 (could happen!) what am I going to do at that point? No idea.... We'll have to wait and see

@Zach_01 I saw on Ebay yesterday in the UK 580's where going for up to £1000 a card... I was stunned and shocked.. I know 5700XT's go for similar amounts it's unreal. I'm not going to even talk about 3080s and 3090s, all I can say is my 3090s I have where a bargain compared to the price of the damn things now... It's unreal....

Try and keep it light in here guys. All the bitching and moaning in the world isn't going to sadly change a damn thing about how things are going right now. I was watching a TechYes video yesterday and apparently in Australia they are starting to see cards on the shelves and such but the prices are just too damn high... So they are not getting bought. He also showed in a video, that there was an auction on Ebay that had 72 3060 Ti cards that went for $82k I think it was (around $1100 a card I think).. If someone actually paid that amount of money for those cards, if it goes to poop in the next 6 to 12 months, they might have been lucky and possibly broke even, but it's a massive risk.

 

[Zach_01]

First the shelves must be filled and then no one buys. Only then prices will come down. As long as people keep buying them at those ridiculous prices, they will stay high.
As everything else is = supply and demand.

 

[RandallFlagg]

Well well. March inflation was 0.71% for the month. April, 0.9%. Excluding food/energy, 3% in 4 months. 4.2% including those 2. That would be 9% annualized or 12.6% including food/energy. And it seems to be accelerating. If inflation were 0% the rest of the year we would have 3% for 2021.

The Fed will have to act and act soon. That means no more free money pump, bond prices will crater, and bond yield (hence interest rates) will skyrocket. Get ready for a massive selloff. Anything less and you can figure they are intentionally destroying the currency.

"Those fears crystallized on Wednesday, after the government reported that headline consumer prices surged by a faster than expected 4.2% last month. Excluding food and energy, prices jumped 0.9 percent in April (SA) and are up 3.0 percent over the year."

Stock market news live updates: Stocks rocked by inflation fears, Dow, Nasdaq, S&P tank by over 2%

Inflation fears are dogging Wall Street at a time when the U.S. rebound is picking up speed.

finance.yahoo.com

And right on que, yield spiking up :

 

[moproblems99]

Your projected income
PROJECTED WEEKLY INCOME
0.003508 BTC
≈ $198.48
PROJECTED MONTHLY INCOME
0.015034 BTC
≈ $850.65
PROJECTED YEARLY INCOME
0.182909 BTC
≈ $10,349.57

Active workers​

WORKER	ALGORITHM	DIFF	ACCEPTED SPEED	REJECTED SPEED	CURRENT PROFITABILITY	UNPAID BALANCE	CONNECTED SINCE	LOCATION	XNSUB
1	DAGGERHASHIMOTO	0.19	89.67 MH/s	0.00 MH/s	0.00048672	0.00000995	34 min	EU	Yes

Curious why I am in the EU?

 

[the54thvoid]

Your projected income
PROJECTED WEEKLY INCOME
0.003508 BTC
≈ $198.48
PROJECTED MONTHLY INCOME
0.015034 BTC
≈ $850.65
PROJECTED YEARLY INCOME
0.182909 BTC
≈ $10,349.57

Active workers​

WORKER	ALGORITHM	DIFF	ACCEPTED SPEED	REJECTED SPEED	CURRENT PROFITABILITY	UNPAID BALANCE	CONNECTED SINCE	LOCATION	XNSUB
1	DAGGERHASHIMOTO	0.19	89.67 MH/s	0.00 MH/s	0.00048672	0.00000995	34 min	EU	Yes

Curious why I am in the EU?

It's where your hacked BTC's are going...

 

[trog100]

Well well. March inflation was 0.71% for the month. April, 0.9%. Excluding food/energy, 3% in 4 months. 4.2% including those 2. That would be 9% annualized or 12.6% including food/energy. And it seems to be accelerating. If inflation were 0% the rest of the year we would have 3% for 2021.

The Fed will have to act and act soon. That means no more free money pump, bond prices will crater, and bond yield (hence interest rates) will skyrocket. Get ready for a massive selloff. Anything less and you can figure they are intentionally destroying the currency.

"Those fears crystallized on Wednesday, after the government reported that headline consumer prices surged by a faster than expected 4.2% last month. Excluding food and energy, prices jumped 0.9 percent in April (SA) and are up 3.0 percent over the year."

Stock market news live updates: Stocks rocked by inflation fears, Dow, Nasdaq, S&P tank by over 2%

Inflation fears are dogging Wall Street at a time when the U.S. rebound is picking up speed.

finance.yahoo.com

And right on que, yield spiking up :

View attachment 200109

they cant stop printing so we will be looking at runaway inflation.. they may well be intentionally destroying the currency but i just think they are stuck in a corner with no easy way out..

trog

 

[moproblems99]

stuck in a corner with no easy way out

You aren't stuck in a corner you put yourself in. You know the way out. No one has the guts.

 

[sepheronx]

Your projected income
PROJECTED WEEKLY INCOME
0.003508 BTC
≈ $198.48
PROJECTED MONTHLY INCOME
0.015034 BTC
≈ $850.65
PROJECTED YEARLY INCOME
0.182909 BTC
≈ $10,349.57

Active workers​

WORKER	ALGORITHM	DIFF	ACCEPTED SPEED	REJECTED SPEED	CURRENT PROFITABILITY	UNPAID BALANCE	CONNECTED SINCE	LOCATION	XNSUB
1	DAGGERHASHIMOTO	0.19	89.67 MH/s	0.00 MH/s	0.00048672	0.00000995	34 min	EU	Yes

Curious why I am in the EU?

you have to adjust it manually in nicehash to US server if you are located there. I had to. It auto defaulted to EU for me as well.

 

[moproblems99]

you have to adjust it manually in nicehash to US server if you are located there. I had to. It auto defaulted to EU for me as well.

Hmmm, where do you do that? My country is set as US in settings and I don't see anywhere else in the rig section.

Edit:

I see it. Since I have to manage everything else through the web I assumed it was there. It was not.

 

[phill]

Hmmm, where do you do that? My country is set as US in settings and I don't see anywhere else in the rig section.

I think it's in the batch file you create unless you use another miner/setup