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Comfy Fleece Sweater posted:This has been a terrible day for crypto, but I've figured it out, guys, I know what's wrong: BANKS are scared of Bitcoin and are actively ATTACKING it, because Bitcoin is about to DESTROY THEM. Please kill me I am willing to pay someone to murder me, as I don’t have the balls to do it myself. I... I can only pay in bitcoin... 😭
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Jan 17, 2018 16:54
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100 HOGS AGREE posted:so what price is "the moon" anyway????? 1.00000000 moon
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Jan 17, 2018 16:55
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That year long price chart is like an exact copy of the classic bubble chart lol
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Jan 17, 2018 16:55
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smoobles posted:At what point are you guys gonna start dumping your life savings in? I'm thinking $4k personally Sure, I'll invest all my life savings for $0.000025 UsdT.
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Jan 17, 2018 16:56
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"This is basically the Steam sale of cryptos" ~ Crypto Gandalf
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Jan 17, 2018 17:02
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Good Citizen posted:That year long price chart is like an exact copy of the classic bubble chart lol It was the last two times too and look at the XRP price charts it did the same thing twice in a year. Interestingly ether is the only one to buck the trend out of a hundred alt coins and it shows a "head and shoulders" pattern.
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Jan 17, 2018 17:05
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Why any individual would buy into this market at this moment is beyond me. Even if you sincerely believe that the value is great in the long-term and that there is huge gains to be made, you'd be much better off just letting it bottom out. Unless you think it's hit bottom one hour into a volatile period after a massive sell-off.
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Jan 17, 2018 17:08
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Dmitri-9 posted:It was the last two times too and look at the XRP price charts it did the same thing twice in a year. Interestingly ether is the only one to buck the trend out of a hundred alt coins and it shows a "head and shoulders" pattern. But isn't Ether also the only one that may actually have a real world use?
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Jan 17, 2018 17:09
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Konar posted:Jesus christ they say HODL as "Hoddle" gently caress me that's cringey. It's apropos, as 'HODLers' sounds very similar to 'toddlers'.
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Jan 17, 2018 17:09
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So wait. The reason video cards are so pricey right now (seem to be about 50-75% higher than they used to be) is because of this poo poo? Seriously?
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Jan 17, 2018 17:11
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Waltzing Along posted:So wait. The reason video cards are so pricey right now (seem to be about 50-75% higher than they used to be) is because of this poo poo? Seriously? This isn't a knock, but I really do love that you, the OP of this 186 page thread, is flabbergasted by some of these things 186 pages into this thread.
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Jan 17, 2018 17:12
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Bitcoinity died
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Jan 17, 2018 17:13
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Waltzing Along posted:So wait. The reason video cards are so pricey right now (seem to be about 50-75% higher than they used to be) is because of this poo poo? Seriously?
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Jan 17, 2018 17:15
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Waltzing Along posted:So wait. The reason video cards are so pricey right now (seem to be about 50-75% higher than they used to be) is because of this poo poo? Seriously? Yep. Bitcoins can't be mined effectively by GPUs anymore but there's always some new lovely altcoin that can. Last time I tried to by a video card was early 2014 at the first height of the mining craze. When you could find like, an R290 or R280X they were at least $100-150 over MSRP. I remember I found one listed at a major retailer at only like $50 above. Went down to try and buy one and they were all gone because the dude in line in front of me walked out with 8 of them 
Mr Luxury Yacht fucked around with this message at 17:18 on Jan 17, 2018 |
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Jan 17, 2018 17:16
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scott zoloft posted:1.00000000 moon The moon is rather difficult to trade but has undeniable value. I'm going to invent a digital currency pegged to the moon. I'll sell you 200,000 of them.
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Jan 17, 2018 17:19
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Well that explains why a 1060 is $300 rather than the $175 or so it should be.
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Jan 17, 2018 17:19
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Darth TNT posted:But isn't Ether also the only one that may actually have a real world use? I'm not smart or educated enough in law or coding to understand smart contracts but there are still huge economic problems with using ether as paypal and a way to raise money for dodgy securities at the same time.
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Jan 17, 2018 17:21
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Waltzing Along posted:So wait. The reason video cards are so pricey right now (seem to be about 50-75% higher than they used to be) is because of this poo poo? Seriously? I was upgrading my video card in the middle of last year, I had to hunt around and find a card that was lovely at mining the popular alt-coin of the time. Still played games good, so it was possible to not get hosed by crypto then. Just checked the same exact card (8 months later), it's like $50-$100 more now. I paid $150 at the time. Crypto is so loving dumb.
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Jan 17, 2018 17:23
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Looks like it's going to break 10,000 again.
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Jan 17, 2018 17:24
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Bip Roberts posted:The moon is rather difficult to trade but has undeniable value. I'm going to invent a digital currency pegged to the moon. I'll sell you 200,000 of them. tether me the remaining 199,999 and you've got a deal
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Jan 17, 2018 17:25
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Darth TNT posted:But isn't Ether also the only one that may actually have a real world use? if real world use means crypto kitties and when you trade crypto kitties it causes every transaction to take hours. ethereum's poo poo too.
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Jan 17, 2018 17:28
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Also smart contracts, ethereum's gimmick, perfect for immediately wiping out hundreds of millions of dollars. 
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Jan 17, 2018 17:30
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The thing that I don't think gets talked about enough is the constant downward pressure on price from mining operations. We see Micro Centers cleaned out of all their graphics cards in the US and that pales in comparison to the ASIC farms operating abroad. All of these people are likely to be selling their btc immediately upon reward and the only way the price can keep up is with a fresh supply of hodlers. Also maybe unrelated but if crypto does complete the crash we're going to see a flood of graphics cards at like 25% of their sticker price. I'll bet there will be several of them still new in box.
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Jan 17, 2018 17:36
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https://twitter.com/jon_bois/status/953347360045916162
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Jan 17, 2018 17:37
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bold prediction: everyone will be using US dollars to buy things a year from now
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Jan 17, 2018 17:39
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Uranium 235 posted:bold prediction: everyone will be using US dollars to buy things a year from now I'm going to use US dollars to buy the hand axes and sharpened stickers required to fight of the hordes of radioactive ghouls.
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Jan 17, 2018 17:40
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sincx fucked around with this message at 06:39 on Mar 23, 2021 |
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Jan 17, 2018 17:44
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Wary to buy any used video cards solely because miners tend to run those things til they’re on their last legs. I forgot how it went but a lot of manufacturers had to change their RMA rules because miners were exploiting that like crazy. A cheap new in box though? Heck yeah
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Jan 17, 2018 17:47
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Trig Discipline posted:I've set a limit order for 20,000 bitcoins when it hits a penny; I don't want to miss out on the future. there actually was a time when a bunch of bitcoins got hacked and joke buy orders like this got filled lmao
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Jan 17, 2018 17:48
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meat police posted:Wary to buy any used video cards solely because miners tend to run those things til they’re on their last legs. I forgot how it went but a lot of manufacturers had to change their RMA rules because miners were exploiting that like crazy. A cheap new in box though? Heck yeah lol at “new in box”, u should buy shrink wrapper stock since that’s the next scam
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Jan 17, 2018 17:49
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Haha wow my video card is $1000 now  My wife's computer has been crashing and I'm replacing every other part in her computer first because I think just to replace the 980 Ti she has also is like $600+ now at least and that card is several years old
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Jan 17, 2018 17:50
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let it mellow posted:lol at “new in box”, u should buy shrink wrapper stock since that’s the next scam Ah poo poo you’re right.
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Jan 17, 2018 17:50
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sincx fucked around with this message at 06:39 on Mar 23, 2021 |
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Jan 17, 2018 17:52
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Haha I just checked eBay and there's R290s with bids going for over $300 CAD, and listings as high as $500. For a card over four years old.
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Jan 17, 2018 17:56
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It's cool guys they will have a TOTALLY NOT USED FOR BITCOIN MINING I PROMISE disclaimer
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Jan 17, 2018 17:56
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It actually does occur to me that I've probably made like 20k from bitcoin because I bought 100 shares of nVidia like I dunno at least 10 years ago (at least, made in terms of net worth increase)
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Jan 17, 2018 18:00
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Stefan Prodan posted:there actually was a time when a bunch of bitcoins got hacked and joke buy orders like this got filled lmao there's a recording of a stream from back then where some guy is watching the price drop all the way down to 1 penny
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Jan 17, 2018 18:11
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gently caress you mean I could have sold my old graphics cards to fools?
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Jan 17, 2018 18:13
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in the dystopian cryptopunk future, GPUs will supplant virtual currency as the medium of exchange once the electrical grid has collapsed, as they are the only remaining physical relic of bitcoin edit: or maybe hard drives. people will have to use solar panels to generate enough electricity to read how many bitcoins are stored on each drive Uranium 235 fucked around with this message at 18:20 on Jan 17, 2018 |
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Jan 17, 2018 18:17
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Andy Dufresne posted:It's cool guys they will have a TOTALLY NOT USED FOR BITCOIN MINING I PROMISE disclaimer Just run it in reverse. The odomoter will start to run backwards.
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Jan 17, 2018 18:19
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