People Like me drove the GPU prices up ! Sorry !

[ashdivay]

Cryptocurrency miners like me, But don't worry, it's coming down in a month or 2. 

 

In fact, if you have rx470,480, 570 , 580 or Nvidia 1060,1070,1070ti,1080 or 1080ti you should consider selling these NOW and make double the money you bought them while you can.

 

Just a thought not financial advice. 

 

 

 

 

[Rotareneg]

It's ok, the cryptocurrency market is based upon solid financial theory, and will remain a stable investment.

[TSe419E]

But if I sold you my video card how would I play Steel Beasts?

[ashdivay]

3 hours ago, Rotareneg said:

It's ok, the cryptocurrency market is based upon solid financial theory, and will remain a stable investment.

You're missing the point, Rotar. Point is to make a profit on the hype of cryptocurrency and not about whether its "stable investment" or not.

Only investment i made in cryptocurrency that i haven't got back it the mining setup i did, I will make rest of my investment back in next month.

And if the market crashes all I have to do is sell all the GPU's I have and trust me RX570 and 1070ti are still pretty good cards.

 

As long as there are people willing to buy someone will be willing to mine.

 

1 hour ago, TSe419E said:

But if I sold you my video card how would I play Steel Beasts?

I wasn't advising you should sell it to me. Trust me if i build another cryptocurrency setup my wife will kill me.

 

You can sell on ebay or craigslist and buy a GPU that still runs SB but not good for mining. Eg- GTX 1050, 970. etc...

[12Alfa]

8 minutes ago, ashdivay said:

You're missing the point, Rotar. Point is to make a profit on the hype of cryptocurrency and not about whether its "stable investment" or not.

Only investment i made in cryptocurrency that i haven't got back it the mining setup i did, I will make rest of my investment back in next month.

And if the market crashes all I have to do is sell all the GPU's I have and trust me RX570 and 1070ti are still pretty good cards.

 

As long as there are people willing to buy someone will be willing to mine.

 

I wasn't advising you should sell it to me. Trust me if i build another cryptocurrency setup my wife will kill me.

 

You can sell on ebay or craigslist and buy a GPU that still runs SB but not good for mining. Eg- GTX 1050, 970. etc...

"SB but not good for mining"  Well we have lots of different mines types, so I would say it (SB) is good for mining, so there, take that to the bank

[TankHunter]

10 hours ago, ashdivay said:

Cryptocurrency miners like me, But don't worry, it's coming down in a month or 2. 

 

In fact, if you have rx470,480, 570 , 580 or Nvidia 1060,1070,1070ti,1080 or 1080ti you should consider selling these NOW and make double the money you bought them while you can.

 

Just a thought not financial advice. 

 

 

 

 

 

Just do what some enterprising individuals are doing and get other people to mine for you.

https://blog.trendmicro.com/trendlabs-security-intelligence/malvertising-campaign-abuses-googles-doubleclick-to-deliver-cryptocurrency-miners/

[Kev2go]

On 1/27/2018 at 10:27 AM, Rotareneg said:

It's ok, the cryptocurrency market is based upon solid financial theory, and will remain a stable investment.

 

 People  have still made money off it economic bubble ,even if its stable long term investment .  It was a an opportunity to take advantage of, and actually make money when Crypto currency was cheap.  My dad knows at work who took 100K loan from the bank , Invested in the stock markets, SOld his shares, Paid off the Loan + Interest, and thus had a bigger down payment for a new home worth 850K. 

 

So mock all you want.  Crypto currency isn't any more fake ( or Real depending on your perspective)  than USD.  the US dollar for eg isn't even backed by gold or silver anymore since 1973. Its just a piece of paper that some influential people who aren't officially part of a Government Authority ( Federal reserve)  are deciding is still worth something, and other nations followed suit

 

https://www.coindesk.com/information/what-is-bitcoin/

 

 Crypto Currency is here to stay its going to be a far more prevalent use in transactions in the Future. 

 

Edited February 4, 2018 by Kev2go

[Captain_Colossus]

6 hours ago, Kev2go said:

 

 People  have still made money off it economic bubble ,even if its stable long term investment .  It was a an opportunity to take advantage of, and actually make money when Crypto currency was cheap.  My dad knows at work who took 100K loan from the bank , Invested in the stock markets, SOld his shares, Paid off the Loan + Interest, and thus had a bigger down payment for a new home worth 850K. 

 

So mock all you want.  Crypto currency isn't any more fake ( or Real depending on your perspective)  than USD.  the US dollar for eg isn't even backed by gold or silver anymore since 1973. Its just a piece of paper that some influential people who aren't officially part of a Government Authority ( Federal reserve)  are deciding is still worth something, and other nations followed suit

 

 

 

 Crypto Currency is here to stay its going to be a far more prevalent use in transactions in the Future. 

 

you tend to hear this again and again- crypto currency isn't any less 'real' than fiat money, therefore crypto currency is the wave of the future and this sort of thing.

 

the crypto currency backers fail to demonstrate any kind of flux in value in the us dollar the kind that bit coin undergoes: the us dollar is far, far more stable. a currency which changes value that much isn't a 'real' currency- it's not practical enough to be used as a currency. in countries where the value of the currency deflates or inflates frequently is far too eratic to be taken seriously, to use an extreme example, if your money can buy a car one week and the next is enough for a loaf of bread, that's not a practical currency. neither buyer nor seller can rely on that. that's what crypto currency compares more to, like in countries where the inflation is out of control rather than the us dollar where it is not to that degree.

 

i discount the us dollar not being pegged to a gold standard as being a red herring- that's virtually meaningless when my dollar still buys me things, at least the inflation rate is low enough that i can make adjustments over longer periods of time and invest my money accordingly, whereas crypto currency is too unstable to make reliable plans with it. so all the people that would claim that the us dollar is just a piece of paper that people arbitrarily assign value to- by all means give your worthless piece of paper to me, i'll take it off your hands. if don't go for that, then i know what you really think of it.

 

all the evidence shows that by far, most people aren't using crypo currency as a currency. they are using it as a speculative investment, that is to say, buying and selling it rather than using it for purposes of day to day transactions. at the end of the day, there are few merchants that use is, not enough to normalize it, as far as i know, neither my investment accounts nor my banks accept it for deposit. so it takes a lot of imagination to put on the level of the dollar. true that nothing, not even the us dollar actually has 'intrinsic value', there's no such thing as that. but what it does have is a far more tangible economy backing it, which crypto currency doesn't have. crypto currency would have use for secure transactions that the us dollar doesn't have, but governments are tending not to like those markets and will tend to shut those down.

Edited February 4, 2018 by Captain_Colossus

[Kev2go]

58 minutes ago, Captain_Colossus said:

you tend to hear this again and again- crypto currency isn't any less 'real' than fiat money, therefore crypto currency is the wave of the future and this sort of thing.

 

the crypto currency backers fail to demonstrate any kind of flux in value in the us dollar the kind that bit coin undergoes: the us dollar is far, far more stable. a currency which changes value that much isn't a 'real' currency- it's not practical enough to be used as a currency. in countries where the value of the currency deflates or inflates frequently is far too eratic to be taken seriously, to use an extreme example, if your money can buy a car one week and the next is enough for a loaf of bread, that's not a practical currency. neither buyer nor seller can rely on that. that's what crypto currency compares more to, like in countries where the inflation is out of control rather than the us dollar where it is not to that degree.

 

i discount the us dollar not being pegged to a gold standard as being a red herring- that's virtually meaningless when my dollar still buys me things, at least the inflation rate is low enough that i can make adjustments over longer periods of time and invest my money accordingly, whereas crypto currency is too unstable to make reliable plans with it. so all the people that would claim that the us dollar is just a piece of paper that people arbitrarily assign value to- by all means give your worthless piece of paper to me, i'll take it off your hands. if don't go for that, then i know what you really think of it.

 

all the evidence shows that by far, most people aren't using crypo currency as a currency. they are using it as a speculative investment, that is to say, buying and selling it rather than using it for purposes of day to day transactions. at the end of the day, there are few merchants that use is, not enough to normalize it, as far as i know, neither my investment accounts nor my banks accept it for deposit. so it takes a lot of imagination to put on the level of the dollar. true that nothing, not even the us dollar actually has 'intrinsic value', there's no such thing as that. but what it does have is a far more tangible economy backing it, which crypto currency doesn't have. crypto currency would have use for secure transactions that the us dollar doesn't have, but governments are tending not to like those markets and will tend to shut those down.

 

. I never said Crytos are more stable than the long established currencies , at least not right now, or that its entirely going to replace it,  But you are wrong in dismissing  that this isn't a future wav, where it wont become more prevalent.

 

 

Because it is. Online Vendors like Paypal are  currently accepting Crypto currency now as a form of payment alternative to Fiat currency. The only reason Crypto isn't used by most people yet  is because its just starting becoming a thing.  Its still not yet mainstream. Its not something that would happen overnight,  You just aren't looking far ahead  enough to realize this. The investments you speak of. I suspect you imply  IE investing FIAT into stock market / NO one can truly predict stocks either. But unlike Stocks, they are not a currency. Cryptos are leading up to be used as form of currency beyond speculative trading. There are pros it. It eliminates intermediates likes banks its essentially can be used as a hedge fund for ever more increasingly inflating Fiat Currency. But again i don't see the problem here, AS people who made significant profits from Cryptos can in the meantime exchange it for Fiat and use that for daily routine spending.  Even banks are strongly considering  introducing their own crypto currencies. THe Governments can hate it all they want. But they cant shut it down.

 

You cant kill something that is decentralized.  its blockchain is based on a Mathematical Algorithm (cant cheat the system) and who's protocol  source code is open, meaning audits by any human . The only way to kill it would be to shut down the internet ( or rather peoples access to it). Again fat chance. Unless your living in a heavily authoritarian country. 

 

 

 

 

Lest i quote Michael Crichton.

 

Spoiler

A hundred years ago, as the nineteenth century drew to a close, scientists around the world were satisfied that they had arrived at an accurate picture of the physical world. As physicist Alastair Rae put it, "By the end of the nineteenth century it seemed that the basic fundamental principles governing the behavior of the physical universe were known."* Indeed, many scientists said that the study of physics was nearly completed: no big discoveries remained to be made, only details and finishing touches.

 

But late in the final decade, a few curiosities came to light. Roentgen discovered rays that passed through flesh; because they were unexplained, he called them X rays. Two months later, Henri Becquerel accidentally found that a piece of uranium ore emitted something that fogged photographic plates. And the electron, the carrier of electricity, was discovered in 1897.

 

Yet on the whole, physicists remained calm, expecting that these oddities would eventually be explained by existing theory. No one would have predicted that within five years their complacent view of the world would be shockingly upended, producing an entirely new conception of the universe and entirely new technologies that would transform daily life in the twentieth century in unimaginable ways.

 

If you were to say to a physicist in 1899 that in 1999, a hundred years later, moving images would be transmitted into homes all over the world from satellites in the sky; that bombs of unimaginable power would threaten the species; that antibiotics would abolish infectious disease but that disease would fight back; that women would have the vote, and pills to control reproduction; that millions of people would take to the air every hour in aircraft capable of taking off and landing without human touch; that you could cross the Atlantic at two thousand miles an hour; that humankind would travel to the moon, and then lose interest; that microscopes would be able to see individual atoms; that people would carry telephones weighing a few ounces, and speak anywhere in the world without wires; or that most of these miracles depended on devices the size of a postage stamp, which utilized a new theory called quantum mechanics  -  if you said all this, the physicist would almost certainly pronounce you mad.

 

Most of these developments could not have been predicted in 1899, because prevailing scientific theory said they were impossible. And for the few developments that were not impossible, such as airplanes, the sheer scale of their eventual use would have defied comprehension. One might have imagined an airplane  -  but ten thousand airplanes in the air at the same time would have been beyond imagining.

 

So it is fair to say that even the most informed scientists, standing on the threshold of the twentieth century, had no idea what was to come.

 

Now that we stand on the threshold of the twenty-first century, the situation is oddly similar. Once again, physicists believe the physical world has been explained, and that no further revolutions lie ahead. Because of prior history, they no longer express this view publicly, but they think it just the same. Some observers have even gone so far as to argue that science as a discipline has finished its work; that there is nothing important left for science to discover.*

 

But just as the late nineteenth century gave hints of what was to come, so the late twentieth century also provides some clues to the future. One of the most important is the interest in so-called quantum technology. This is an effort on many fronts to create a new technology that utilizes the fundamental nature of subatomic reality, and it promises to revolutionize our ideas of what is possible.

 

all those people didn't think of the tomorrow. Thier mindsets were stuck at the present. 

 

 

 

 

Edited February 4, 2018 by Kev2go

[Captain_Colossus]

it has to actually happen and be demonstrated which remains to be seen- what we have seen is that it is too erratic. how could you plan and invest in your future if it fluctuates that much- sure you may win big, but you may lose big, it's like gambing the casino at the roulette wheel as an 'investment' strategy.

 

the very thing that people criticize fiat currency, that is, being government controlled is its advantage, true it has disadvantages as well, as we can see life is inherently catch-22 and conundrum.

 

the conundrum with the market place deciding the value of currency is that it will change at the whims of the market, including people deliberately attempting to manipulate its value. completely unregulated currency like that would be its achilles' heel, and there's nothing which would stop other outfits from introducing more crypo currencies, then you have a market saturated with them, then you have a situation similar to post colonial america where the states were all issuing their own currencies and there was no reliable exchange rate.

 

personally it's not anything i see as a threat that if i don't buy into it will be outmoded and left behind in the near future.