• Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.

Cryptocoin Value and Market Trend Discussion

Joined
Sep 28, 2005
Messages
3,148 (0.47/day)
Location
Canada
System Name PCGR
Processor 12400f
Motherboard Asus ROG STRIX B660-I
Cooling Stock Intel Cooler
Memory 2x16GB DDR5 5600 Corsair
Video Card(s) Dell RTX 3080
Storage 1x 512GB Mmoment PCIe 3 NVME 1x 2TB Corsair S70
Display(s) LG 32" 1440p
Case Phanteks Evolve itx
Audio Device(s) Onboard
Power Supply 750W Cooler Master sfx
Software Windows 11
This is pathetic for a tech forum honestly. I've been here a long time. Only in recent years have I become a constant poster but now I remember why I left years ago. And even then, there were far better posters than now. All I see are posts that insult others for choices they make, talk down or just outright insult people for not sharing same opinions, demonizing people who invest in certain tech, etc. An older mod that asked about crypto was attacked and he said he was going to clean up the place, but said mod vanished.

Good luck to those who still have decency. To the rest of you, try to act better and see things in others perspective and not just your own.
 
Joined
Nov 11, 2016
Messages
3,045 (1.13/day)
System Name The de-ploughminator Mk-II
Processor i7 13700KF
Motherboard MSI Z790 Carbon
Cooling ID-Cooling SE-226-XT + Phanteks T30
Memory 2x16GB G.Skill DDR5 7200Cas34
Video Card(s) Asus RTX4090 TUF
Storage Kingston KC3000 2TB NVME
Display(s) LG OLED CX48"
Case Corsair 5000D Air
Power Supply Corsair HX850
Mouse Razor Viper Ultimate
Keyboard Corsair K75
Software win11
It's not the royal mail it's a public forum.

You past out a snarky remark unsolicited?!.

"

If I had the power of foresight, I would be buying lottery instead of bitcoin :D"

Remember

I replied as is the way on a Public forum.

Why your trying to dramatize the interaction is clearly because your original point had a nothing to do with the thread, because as ever you were trolling.

You do you.

Do you get to decide who is trolling and who is not?

I made a snarky remark at someone who regret a past decision (which in itself is funny) and he was fine with it, you made a full on unsolicited personal attack against me pal.
 
Last edited:
Joined
Mar 10, 2010
Messages
11,878 (2.31/day)
Location
Manchester uk
System Name RyzenGtEvo/ Asus strix scar II
Processor Amd R5 5900X/ Intel 8750H
Motherboard Crosshair hero8 impact/Asus
Cooling 360EK extreme rad+ 360$EK slim all push, cpu ek suprim Gpu full cover all EK
Memory Corsair Vengeance Rgb pro 3600cas14 16Gb in four sticks./16Gb/16GB
Video Card(s) Powercolour RX7900XT Reference/Rtx 2060
Storage Silicon power 2TB nvme/8Tb external/1Tb samsung Evo nvme 2Tb sata ssd/1Tb nvme
Display(s) Samsung UAE28"850R 4k freesync.dell shiter
Case Lianli 011 dynamic/strix scar2
Audio Device(s) Xfi creative 7.1 on board ,Yamaha dts av setup, corsair void pro headset
Power Supply corsair 1200Hxi/Asus stock
Mouse Roccat Kova/ Logitech G wireless
Keyboard Roccat Aimo 120
VR HMD Oculus rift
Software Win 10 Pro
Benchmark Scores 8726 vega 3dmark timespy/ laptop Timespy 6506
Do you get to decide who is trolling and who is not?

I made a snarky remark at someone who regret a past decision (which in itself is funny) and he was fine with it, you made a full on unsolicited personal attack against me pal.
Your dramma is boring, bye.

Pal.
 
Joined
Aug 21, 2015
Messages
1,661 (0.53/day)
Location
North Dakota
System Name Office
Processor Ryzen 5600G
Motherboard ASUS B450M-A II
Cooling be quiet! Shadow Rock LP
Memory 16GB Patriot Viper Steel DDR4-3200
Video Card(s) Gigabyte RX 5600 XT
Storage PNY CS1030 250GB, Crucial MX500 2TB
Display(s) Dell S2719DGF
Case Fractal Define 7 Compact
Power Supply EVGA 550 G3
Mouse Logitech M705 Marthon
Keyboard Logitech G410
Software Windows 10 Pro 22H2
Joined
Aug 20, 2007
Messages
20,709 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64
If I had the power of foresight, I would be buying lottery instead of bitcoin :D
Thing is, I had educated foresight. I knew it was going to take off, didn't see any other way. But I bought a nice i7 980x with my money at the time instead.

Somewhere in my house too was a 1btc paper wallet... but I think it may have been recycled. Looked for that thing forever. It's printed on waterproof paper, so holding out hope.
 
Last edited:

Ahhzz

Moderator
Staff member
Joined
Feb 27, 2008
Messages
8,708 (1.48/day)
System Name OrangeHaze / Silence
Processor i7-13700KF / i5-10400 /
Motherboard ROG STRIX Z690-E / MSI Z490 A-Pro Motherboard
Cooling Corsair H75 / TT ToughAir 510
Memory 64Gb GSkill Trident Z5 / 32GB Team Dark Za 3600
Video Card(s) Palit GeForce RTX 2070 / Sapphire R9 290 Vapor-X 4Gb
Storage Hynix Plat P41 2Tb\Samsung MZVL21 1Tb / Samsung 980 Pro 1Tb
Display(s) 22" Dell Wide/24" Asus
Case Lian Li PC-101 ATX custom mod / Antec Lanboy Air Black & Blue
Audio Device(s) SB Audigy 7.1
Power Supply Corsair Enthusiast TX750
Mouse Logitech G502 Lightspeed Wireless / Logitech G502 Proteus Spectrum
Keyboard K68 RGB — CHERRY® MX Red
Software Win10 Pro \ RIP:Win 7 Ult 64 bit
Alright Children. Find yourselves not attacking each other, or find yourselves taking a vacation. Enough.
 

phill

Moderator
Staff member
Joined
Jun 8, 2011
Messages
15,861 (3.39/day)
Location
Somerset, UK
System Name Not so complete or overkill - There are others!! Just no room to put! :D
Processor Ryzen Threadripper 3970X
Motherboard Asus Zenith 2 Extreme Alpha
Cooling Lots!! Dual GTX 560 rads with D5 pumps for each rad. One rad for each component
Memory Viper Steel 4 x 16GB DDR4 3600MHz not sure on the timings... Probably still at 2667!! :(
Video Card(s) Asus Strix 3090 with front and rear active full cover water blocks
Storage I'm bound to forget something here - 250GB OS, 2 x 1TB NVME, 2 x 1TB SSD, 4TB SSD, 2 x 8TB HD etc...
Display(s) 3 x Dell 27" S2721DGFA @ 7680 x 1440P @ 144Hz or 165Hz - working on it!!
Case The big Thermaltake that looks like a Case Mods
Audio Device(s) Onboard
Power Supply EVGA 1600W T2
Mouse Corsair thingy
Keyboard Razer something or other....
VR HMD No headset yet
Software Windows 11 OS... Not a fan!!
Benchmark Scores I've actually never benched it!! Too busy with WCG and FAH and not gaming! :( :( Not OC'd it!! :(
crystal ball thinking.. just imagine.. go back five years bitcoin was at 1K.. imagine spending 10k and buying 10 bitcoin..

waiting a while until it peaks at 20K.. sell at 20K your original 10K investment is now at 200K..

wait another while and buy back in when bitcoin falls to 4K.. you now have 50 bitcoin..

wait another while and sell at 60K.. you now have 3 million dollars..

waiting another while and buy back in at 30K.. you now have 100 bitcoin currently worth 4200,000 dollars..

not bad turning 10K into 4.2 million in just five years.. or is my math wrong.. he he..

okay you dont have to get these timings exactly right but nearly right would be close enough.. :)

simply buying and hodling would still produce at current values around 400,000 dollars..

what happens now who the f-ck knows but long term things look good..

trog
Likewise mate, I'm just waiting with popcorn to see what sort of mess this all comes out in, we've been through it all before and I'm sure we'll be through it all again soon enough!!

I can't argue in the times I've been able to do the mining with a mate of mine, we have always come out winning but sometimes not quite nearly as much as we could have but sometimes and some people I guess are just never meant to get that wealthy... It's a shame, I'd really like an RS6 and another house right now!! :laugh:
 
Joined
Jul 5, 2013
Messages
25,559 (6.52/day)
This is pathetic for a tech forum honestly.
Then you are welcome to unwatch the thread and not participate.

Likewise mate, I'm just waiting with popcorn to see what sort of mess this all comes out in, we've been through it all before and I'm sure we'll be through it all again soon enough!!
The trends have been strange in the last few months. Dips keep happening where gains should have taken place and vice-verse. It's been weird, but very interesting to watch.
 
Joined
Jul 21, 2008
Messages
5,172 (0.90/day)
System Name [Daily Driver]
Processor [Ryzen 7 5800X3D]
Motherboard [Asus TUF GAMING X570-PLUS]
Cooling [be quiet! Dark Rock Slim]
Memory [64GB Corsair Vengeance LPX 3600MHz (16GBx4)]
Video Card(s) [PNY RTX 3070Ti XLR8]
Storage [1TB SN850 NVMe, 4TB 990 Pro NVMe, 2TB 870 EVO SSD, 2TB SA510 SSD]
Display(s) [2x 27" HP X27q at 1440p]
Case [Fractal Meshify-C]
Audio Device(s) [Steelseries Arctis Pro]
Power Supply [CORSAIR RMx 1000]
Mouse [Logitech G Pro Wireless]
Keyboard [Logitech G512 Carbon (GX-Brown)]
Software [Windows 11 64-Bit]
Crypto is just another secondary market that big money investors play in now. That's why it's started so heavily mirroring the stock market (which is the opposite of what the crypto purists want you to believe). It's not FUD to say the markets as a whole suck right now, and it's not hard to figure out why.

This is just going to be a bear month while investors react to the FED rates and covid fear. Unless you think the global/US economy is about to fully collapse, you hodl your crypto and stocks right now and continue to DCA in with your typical investments.

The loud doom and gloom crypto people right now are the people who aren't making money on the pump and dump shit coins. Crypto has made a lot of really stupid people feel really smart because they "day trade crypto" now, but did so in an absurd bull market on coins that literally have nothing backing them besides memes.
 
Last edited:
Joined
Nov 11, 2016
Messages
3,045 (1.13/day)
System Name The de-ploughminator Mk-II
Processor i7 13700KF
Motherboard MSI Z790 Carbon
Cooling ID-Cooling SE-226-XT + Phanteks T30
Memory 2x16GB G.Skill DDR5 7200Cas34
Video Card(s) Asus RTX4090 TUF
Storage Kingston KC3000 2TB NVME
Display(s) LG OLED CX48"
Case Corsair 5000D Air
Power Supply Corsair HX850
Mouse Razor Viper Ultimate
Keyboard Corsair K75
Software win11
Thing is, I had educated foresight. I knew it was going to take off, didn't see any other way. But I bought a nice i7 980x with my money at the time instead.

Somewhere in my house too was a 1btc paper wallet... but I think it may have been recycled. Looked for that thing forever. It's printed on waterproof paper, so holding out hope.

Well I bought my first apartment in 2011 for 80K, sold it it 2017 for 150K, bought another apartment for 150K, now it's 250K :D. Sure the gain with BTC would be bigger but it feels like a huge gamble.

A close friend asked me to invest in mining rigs with him back in 2017 but of course I didn't have any money after buying the new apartment.

Now would bitcoin have taken off if the pandemic didn't happen? Even trillion dollars tech companies couldn't predict where crypto will go, I'm sure as heck cannot either.
 
Joined
Aug 20, 2007
Messages
20,709 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64
Now would bitcoin have taken off if the pandemic didn't happen?
It took off well before the pandemic.

I can't predict where it'll go now either, but it was easy as heck to see it was going to shoot past $20.00 if you considered tech trends.
 
Joined
Mar 4, 2016
Messages
485 (0.16/day)
Location
Zagreb, Croatia
System Name C30 w.2x E2650L v2; T5500 w.2x X5670;2x P35 w.X3360; 2x Q33 w.Q9550S/Q9400S & laptops.
I remember thinking about sinking $200.00 into BTC when it was about $20.00 per coin.

Serious regrets that I did not.
Well, on 20k older Maxwell & Pascal cards will not be anymore profitable.

Around ~10k, even Turing & Volta will not be profitable.

& then only Ampere is in the game...
 
Joined
Aug 20, 2007
Messages
20,709 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64
Well, on 20k older Maxwell & Pascal cards will not be anymore profitable.

Around ~10k, even Turing & Volta will not be profitable.

& then only Ampere is in the game...
Not sure what you are honestly trying to say. Bitcoin price has nothing to do with profitability as a.) network diff will adjust and b.) no one mines bitcoin with gpus anymore.

the biggest threat to gpu mining is the upcoming eth diff bomb in anticipation for the PoS switch, not falling prices.

also what you quoted really has nothing to do with the falling bitcoin price.
 
Last edited:
Joined
Mar 4, 2016
Messages
485 (0.16/day)
Location
Zagreb, Croatia
System Name C30 w.2x E2650L v2; T5500 w.2x X5670;2x P35 w.X3360; 2x Q33 w.Q9550S/Q9400S & laptops.
Not sure what you are honestly trying to say. Bitcoin price has nothing to do with profitability as a.) network diff will adjust and b.) no one mines bitcoin with gpus anymore.

the biggest threat to gpu mining is the upcoming eth diff bomb in anticipation for the PoS switch, not falling prices.

also what you quoted really has nothing to do with the falling bitcoin price.
Well, weather we want it or not...Bitcoin directs the price of many other crypto. When it lost 1/3 of portfolio & plummeted down to 36k€ - many other cryptos went with it.

So, you might ignore it...you might not like it...but Bitcoin directs the price. :cool:
 
Joined
Aug 20, 2007
Messages
20,709 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64
So, you might ignore it...you might not like it...but Bitcoin directs the price. :cool:
Yeah, and so? People were making money when bitcoin was the only crypto and it was only worth $20. The price is irrelevant because difficulty adjusts adaptively to the amount mining. Price is not an indicator of mining profitability, more trading profitability.
 
Joined
Mar 4, 2016
Messages
485 (0.16/day)
Location
Zagreb, Croatia
System Name C30 w.2x E2650L v2; T5500 w.2x X5670;2x P35 w.X3360; 2x Q33 w.Q9550S/Q9400S & laptops.
Yeah, and so? People were making money when bitcoin was the only crypto and it was only worth $20. The price is irrelevant because difficulty adjusts adaptively to the amount mining. Price is not an indicator of mining profitability, more trading profitability.
Well, for mining you need electricity - unless you are hacking in illegally. So to make crypto, no matter which algorithm or coins, you need to pay something back.

The more crypto is worth, there is more return on investment in electricity. If the crypto is worth pennies, nobody would have mine it. & only then, we get to market of supply & demand (trades).

Seems like you got your saw backwards.
 
Joined
Jul 5, 2013
Messages
25,559 (6.52/day)
Well, for mining you need electricity - unless you are hacking in illegally. So to make crypto, no matter which algorithm or coins, you need to pay something back.

The more crypto is worth, there is more return on investment in electricity. If the crypto is worth pennies, nobody would have mine it. & only then, we get to market of supply & demand (trades).

Seems like you got your saw backwards.
While you make a fair point, it seems clear you misunderstood RTB. I suspect there might be a language barrier problem at play here...
 
Joined
Mar 4, 2016
Messages
485 (0.16/day)
Location
Zagreb, Croatia
System Name C30 w.2x E2650L v2; T5500 w.2x X5670;2x P35 w.X3360; 2x Q33 w.Q9550S/Q9400S & laptops.
While you make a fair point, it seems clear you misunderstood RTB. I suspect there might be a language barrier problem at play here...
Well, no. As I do not look crypto in a way of difficulty. Some would argue you should.

But I look it in gain & spent equals profit.
A) You gain some amount of crypto - which is worth some $. If the crypto plummets, even ETH will not be profitable for mining (even though I do calculate everything in BTC, as those are the driving wheels of the crypto industry)
B) You spent electricity to make it & you have investment to pay out in some amount of months.
When you subtract A - B, you get profit. Either you are above zero or below.

Just keepin' it plain & simple! :cool:
 
Joined
Aug 20, 2007
Messages
20,709 (3.41/day)
System Name Pioneer
Processor Ryzen R9 7950X
Motherboard GIGABYTE Aorus Elite X670 AX
Cooling Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
Memory 64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
Video Card(s) XFX RX 7900 XTX Speedster Merc 310
Storage 2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
Display(s) 55" LG 55" B9 OLED 4K Display
Case Thermaltake Core X31
Audio Device(s) TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
Power Supply FSP Hydro Ti Pro 850W
Mouse Logitech G305 Lightspeed Wireless
Keyboard WASD Code v3 with Cherry Green keyswitches
Software Windows 11 Enterprise (legit), Gentoo Linux x64
Well, for mining you need electricity - unless you are hacking in illegally. So to make crypto, no matter which algorithm or coins, you need to pay something back.

The more crypto is worth, there is more return on investment in electricity. If the crypto is worth pennies, nobody would have mine it. & only then, we get to market of supply & demand (trades).

Seems like you got your saw backwards.
I think you need to do more homework on this. I'm well aware of all the above. It changes nothing about adaptive difficulty and earnings.

But I look it in gain & spent equals profit
And this is where you are falling short. The coin gained per x electricity is not fixed, and is intentionally adaptive.

Case in point: I made my best earnings on crypto way before the "all time high." My earnings during the "ATH" were actually fairly poor.
 
Joined
Dec 18, 2005
Messages
8,253 (1.24/day)
System Name money pit..
Processor Intel 9900K 4.8 at 1.152 core voltage minus 0.120 offset
Motherboard Asus rog Strix Z370-F Gaming
Cooling Dark Rock TF air cooler.. Stock vga air coolers with case side fans to help cooling..
Memory 32 gb corsair vengeance 3200
Video Card(s) Palit Gaming Pro OC 2080TI
Storage 150 nvme boot drive partition.. 1T Sandisk sata.. 1T Transend sata.. 1T 970 evo nvme m 2..
Display(s) 27" Asus PG279Q ROG Swift 165Hrz Nvidia G-Sync, IPS.. 2560x1440..
Case Gigabyte mid-tower.. cheap and nothing special..
Audio Device(s) onboard sounds with stereo amp..
Power Supply EVGA 850 watt..
Mouse Logitech G700s
Keyboard Logitech K270
Software Win 10 pro..
Benchmark Scores Firestike 29500.. timepsy 14000..
bitcoin is trending up again.. near 44K with eth near 3.4K..

once a bottom forms in this case 40K people start buying again.. or so it seems.. :)

trog
 
Joined
Jun 21, 2021
Messages
2,623 (2.59/day)
System Name daily driver Mac mini M2 Pro
Processor Apple Silicon M2 Pro (6 p-cores, 4 e-cores)
Motherboard Apple proprietary
Cooling Apple proprietary
Memory Apple proprietary 16GB LPDDR5 unified memory
Video Card(s) Apple Silicon M2 Pro (16-core GPU)
Storage Apple proprietary 512GB SSD + various external HDDs
Display(s) LG 27UL850W (4K@60Hz IPS)
Case Apple proprietary
Audio Device(s) Apple proprietary
Power Supply Apple proprietary
Mouse Apple Magic Trackpad 2
Keyboard Keychron K1 tenkeyless (Gateron Reds)
Software macOS Ventura 13 (including latest patches)
Benchmark Scores (My Windows daily driver is a Beelink Mini S12. I'm not interested in benchmarking.)
once a bottom forms in this case 40K people start buying again.. or so it seems.. :)
LOL, you don't understand the fundamental concept of free market, do you?

There are always buyers as long as the volume isn't zero. If the volume is 1, that means there was one transaction (one buyer, one seller).

Prices fall when there are more sellers than buyers. Prices stagnate when there are an equal numbers of buyers and sellers (support and resistance). Prices go up when there are more buyers than sellers.

There's no one arbitrarily setting the price of cryptos. The prices are determined by the transactions between buyers and sellers.

If BTC bottoms out at $40,000.00 it's because no one wants to pay $39,999.99. It goes up to $40,000.01 when someone want to pay that. And it'll go up to $40,000.02 when someone else want to pay that. Et cetera ad nauseam.

It's no different than buying bushels of apples, barrels of oil, or Class B shares of Berkshire-Hathaway.

One can use the same tools such as technical analysis (trend, momentum, volatility, volume), charting, etc. as equities to look for signals for potential price direction changes. Anyone who actively trades crypto and uses technical analysis should not be surprised by price direction change in the past 24 hours. No one can accurately predict when a given tradeable commodity will hit rock bottom, but thoughtful use of these type of trading tools will give you an advantage.
 
Joined
Dec 18, 2005
Messages
8,253 (1.24/day)
System Name money pit..
Processor Intel 9900K 4.8 at 1.152 core voltage minus 0.120 offset
Motherboard Asus rog Strix Z370-F Gaming
Cooling Dark Rock TF air cooler.. Stock vga air coolers with case side fans to help cooling..
Memory 32 gb corsair vengeance 3200
Video Card(s) Palit Gaming Pro OC 2080TI
Storage 150 nvme boot drive partition.. 1T Sandisk sata.. 1T Transend sata.. 1T 970 evo nvme m 2..
Display(s) 27" Asus PG279Q ROG Swift 165Hrz Nvidia G-Sync, IPS.. 2560x1440..
Case Gigabyte mid-tower.. cheap and nothing special..
Audio Device(s) onboard sounds with stereo amp..
Power Supply EVGA 850 watt..
Mouse Logitech G700s
Keyboard Logitech K270
Software Win 10 pro..
Benchmark Scores Firestike 29500.. timepsy 14000..
LOL, you don't understand the fundamental concept of free market, do you?

There are always buyers as long as the volume isn't zero. If the volume is 1, that means there was one transaction (one buyer, one seller).

Prices fall when there are more sellers than buyers. Prices stagnate when there are an equal numbers of buyers and sellers (support and resistance). Prices go up when there are more buyers than sellers.

There's no one arbitrarily setting the price of cryptos. The prices are determined by the transactions between buyers and sellers.

If BTC bottoms out at $40,000.00 it's because no one wants to pay $39,999.99. It goes up to $40,000.01 when someone want to pay that. And it'll go up to $40,000.02 when someone else want to pay that. Et cetera ad nauseam.

It's no different than buying bushels of apples, barrels of oil, or Class B shares of Berkshire-Hathaway.

One can use the same tools such as technical analysis (trend, momentum, volatility, volume), charting, etc. as equities to look for signals for potential price direction changes. Anyone who actively trades crypto and uses technical analysis should not be surprised by price direction change in the past 24 hours. No one can accurately predict when a given tradeable commodity will hit rock bottom, but thoughtful use of these type of trading tools will give you an advantage.

with crypto its more about will it go up or will it go down than about what people are actually prepared to pay.. hence the need for a "bottom" to form or at least what potential buyers see as a bottom..

trog
 
Last edited:
Joined
Jun 21, 2021
Messages
2,623 (2.59/day)
System Name daily driver Mac mini M2 Pro
Processor Apple Silicon M2 Pro (6 p-cores, 4 e-cores)
Motherboard Apple proprietary
Cooling Apple proprietary
Memory Apple proprietary 16GB LPDDR5 unified memory
Video Card(s) Apple Silicon M2 Pro (16-core GPU)
Storage Apple proprietary 512GB SSD + various external HDDs
Display(s) LG 27UL850W (4K@60Hz IPS)
Case Apple proprietary
Audio Device(s) Apple proprietary
Power Supply Apple proprietary
Mouse Apple Magic Trackpad 2
Keyboard Keychron K1 tenkeyless (Gateron Reds)
Software macOS Ventura 13 (including latest patches)
Benchmark Scores (My Windows daily driver is a Beelink Mini S12. I'm not interested in benchmarking.)
with crypto its more about will it go up or will it go down than about what people are actually prepared.. hence the need for a "bottom" to form or at least what potential buyer see as a bottom..
What are you talking about? It's pretty much the same in all free markets whether it be rice, tulip bulbs, shares of GE, or cryptocurrencies.

A buyer looks at the seller's asking price and says, "Yes, I will pay that" or "No, I won't."

Look at the stupid PC GPU market. People are paying 3x-4x MSRPs from mid-2020 because they WANT to. I bought a Sapphire Pulse Radeon RX 550 2GB card for $65 in September 2020 (below the $79 launch price). Those cards are going for 3x USED now. That's because the number of buyers exceeds the number of sellers.

When should someone buy an RX 550? When it drops to $200? $175? $150? $100? $80? $79? $65? $60?

Trust me, I bought a pricey GPU (the one described in my system specs). Would I preferred to have paid less for it? Yes, absolutely. Did I pay less for it than most other buyers of the same device? Absolutely. (Thank you Newegg Shuffle.)

You make zero sense.
 
Last edited:
Joined
Jul 24, 2009
Messages
1,002 (0.19/day)
Then you are welcome to unwatch the thread and not participate.


The trends have been strange in the last few months. Dips keep happening where gains should have taken place and vice-verse. It's been weird, but very interesting to watch.

Dunno, apart rare occassions, it follows what my TA says it will probably do. I have a good laugh, when ppl say BTC dropped due Kazakhstan, or China (any) country banning this or that, or FED. Cause it mostly just does what I would expect it to do. And since Im fairly positive I cannot foresee future, there is probably plenty of folks which mistake reflection in the pond for stars.

Basically only time BTC dropped due real world situation was COVID start, where it unfortunately (or fortunately for some) followed stock and pretty much all other markets in nose dive.

What are you talking about? It's pretty much the same in all free markets whether it be rice, tulip bulbs, shares of GE, or cryptocurrencies.

A buyer looks at the seller's asking price and says, "Yes, I will pay that" or "No, I won't."

Look at the stupid PC GPU market. People are paying 3x-4x MSRPs from mid-2020 because they WANT to. I bought a Sapphire Pulse Radeon RX 550 2GB card for $65 in September 2020 (below the $79 launch price). Those cards are going for 3x USED now. That's because the number of buyers exceeds the number of sellers.

When should someone buy an RX 550? When it drops to $200? $175? $150? $100? $80? $79? $65? $60?

Trust me, I bought a pricey GPU (the one described in my system specs). Would I preferred to have paid less for it? Yes, absolutely. Did I pay less for it than most other buyers of the same device? Absolutely. (Thank you Newegg Shuffle.)

You make zero sense.

Fairly sure he means "bottom" forming on a graph. You know that "sign" that it will most likely go up, not down.
 
Joined
Jul 9, 2016
Messages
1,068 (0.38/day)
System Name Main System
Processor i9-10940x
Motherboard MSI X299 Xpower Gaming AC
Cooling Noctua NH-D15S + Second Fan
Memory G.Skill 64GB @3200MHz XMP
Video Card(s) ASUS Strix RTX 3090 24GB
Storage 2TB Samsung 970 EVO Plus; 2TB Corsair Force MP600; 2TB Samsung PM981a
Display(s) Dell U4320Q; LG 43MU79-B
Case Corsair A540
Audio Device(s) Creative Lab SoundBlaster ZX-R
Power Supply EVGA G2 1300
Mouse Logitech MK550
Keyboard Corsair K95 Platinum XT Brown Switches
Software Windows 10 Pro
Benchmark Scores Cinebench R20 - 6910; FireStrike Ultra - 13241; TimeSpy Extreme - 10067; Port Royal - 13855
BTC and ETH are taking a nose dive at the moment. Anyone knows why? Any major movement or sell off?
 
Top