Bitcoin about to Pop

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pErvinalia
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Re: Bitcoin about to Pop

Post by pErvinalia » Tue Aug 14, 2018 8:26 am

Someone needs to remind bitcoin which way is up. :bored:
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Re: Bitcoin about to Pop

Post by pErvinalia » Thu Sep 06, 2018 4:34 am

Bitcoin, and therefore all coins, SMASHED by Goldman Sachs saying that their planned crypto desk/fund has been moved to a lower priority. I know it's easy to think that the STEEM coin (from the blogging platform I'm involved in) went down because of bitcoin, but the real reason is that I just bought a chunk of it yesterday, hours before it fell off a cliff. You can pretty much ensure a crash after I buy any financial thingy. It's a universal law or something... :sigh:
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"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
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Re: Bitcoin about to Pop

Post by Hermit » Thu Sep 06, 2018 5:16 am

The serious crypto mining rig hobbyists will be crying into their wallets. Ebay is already awash with multi-board units like this one:

Image

Asking prices go up to US$9000.

Investors in mining farms could be in real trouble if they are their only assets.

Image

On the bright side pricing of video cards and RAM modules will return to saner levels. Until recently you had to fork out 100 dollars more for a mid-range card than you would have paid for it two years earlier when it was new. I expect laptops and desktops to become significantly cheaper in the near future for that very reason.
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Re: Bitcoin about to Pop

Post by JimC » Thu Sep 06, 2018 6:06 am

Given that many such computationally intensive setups rely entirely on the grid for their electricity, it would be interesting to know how much carbon dioxide the bitcoin insanity has unleashed upon a sweltering world... :tea:
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Re: Bitcoin about to Pop

Post by pErvinalia » Thu Sep 06, 2018 6:17 am

Someone has worked that out.

Siva does bitcoin mining. I wonder what state he is in after today..
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"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.

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Re: Bitcoin about to Pop

Post by Jason » Thu Sep 06, 2018 5:05 pm

I'm not mining atm, because it's not cold enough yet, but I just looked at the profitability of it currently and my two 1080tis would be earning only $100 a month after paying for the electricity.

It's no skin off my back because I use the system to game, but it's not great for those who bought into the hype and need to recoup their investment in hardware.

Personally, I think it's a good thing. A sort of market correction that will see the superficially interested leave the game and increase profitability for those dedicated to the idea of a decentralized currency.

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Re: Bitcoin about to Pop

Post by pErvinalia » Sat Oct 13, 2018 3:43 am

Bought some shitcoin today worth 0.03 cents. This will allow it to easily go 1000x. I'll be rich by next week! :yes:


:ddpan:
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"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.

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Re: Bitcoin about to Pop

Post by Sean Hayden » Sat Oct 13, 2018 3:56 am

Where do you sell your shitcoin?

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Re: Bitcoin about to Pop

Post by pErvinalia » Sat Oct 13, 2018 4:01 am

Coinbase, mainly. It's the Australian arm of Bittrex (one of the largest exchanges). I do hold some shitcoins on Binance and Bitshares as well.
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"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.

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Re: Bitcoin about to Pop

Post by Jason » Sat Oct 13, 2018 1:39 pm

Sean Hayden wrote:
Sat Oct 13, 2018 3:56 am
Where do you sell your shitcoin?
Kraken

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Re: Bitcoin about to Pop

Post by pErvinalia » Tue Nov 20, 2018 12:29 am

Bitcoin and the whole crypto market is plummeting. Below US$5000.
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"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.

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Re: Bitcoin about to Pop

Post by Jason » Tue Nov 20, 2018 1:25 am

The world watches with bated breath asking itself the question "should I get out now, or double-down and buy while it's low to make some gains on the rebound?"

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Re: Bitcoin about to Pop

Post by Jason » Tue Nov 20, 2018 1:36 am

The GPU market is very telling - you can still sell a 1080ti on eBay for ~800 CAD, I've already sold my GTX 970 and GTX 1070 for what I think are very good prices given they're 2 generations and 1 generation old respectively.

My speculation is that people are set to mine even at a loss to gain holdings in it because they expect this to be a very temporary dip. I can only speculate that they believe these alt-coin currencies they're mining with their GPUs have sufficient circulation and popularity that they can only appreciate in value in the long term. Whether you believe that or not is up to you.

Still other people appreciate free heat in the winter.

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Re: Bitcoin about to Pop

Post by rainbow » Tue Nov 20, 2018 7:15 am

Jason wrote:
Tue Nov 20, 2018 1:36 am
Still other people appreciate free heat in the winter.
Move to Africa then and stop wasting the world's resources on a perpetuated scam.
I call bullshit - Alfred E Einstein
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pErvinalia
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Re: Bitcoin about to Pop

Post by pErvinalia » Tue Nov 20, 2018 7:25 am

How's it a scam?
Sent from my penis using wankertalk.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.

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