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

"You Hold It!" - Cryptocurrency Pricing Plummets as South Korea Revives Pressure

Raevenlord

News Editor
Joined
Aug 12, 2016
Messages
3,755 (1.35/day)
Location
Portugal
System Name The Ryzening
Processor AMD Ryzen 9 5900X
Motherboard MSI X570 MAG TOMAHAWK
Cooling Lian Li Galahad 360mm AIO
Memory 32 GB G.Skill Trident Z F4-3733 (4x 8 GB)
Video Card(s) Gigabyte RTX 3070 Ti
Storage Boot: Transcend MTE220S 2TB, Kintson A2000 1TB, Seagate Firewolf Pro 14 TB
Display(s) Acer Nitro VG270UP (1440p 144 Hz IPS)
Case Lian Li O11DX Dynamic White
Audio Device(s) iFi Audio Zen DAC
Power Supply Seasonic Focus+ 750 W
Mouse Cooler Master Masterkeys Lite L
Keyboard Cooler Master Masterkeys Lite L
Software Windows 10 x64
Cryptocurrency value has begun a tumultuous plummet since yesterday, in a market shrinkage that's being mostly correlated with an announcement by South Korean finance minister Kim Dong-yeon that a ban on cryptocurrency trading could still happen, pending a government review. South Korea is one of the world's most relevant economy and technology players, so a ban there could certainly start a domino effect in other countries.

""There are no disagreements over regulating speculation," minister Kim Dong-yeon specifically said - a move that would include a ban on anonymous cryptocurrency account, thus spelling doom for some privacy-focused cryptocurrencies like Monero and ZCash from being traded in the country, for sure. The minister also places a heavy value in being able to tax the income made on virtual currency, and added that shutting down the exchanges was "a live option but government ministries need to very seriously review it."





Ethereum, for one, has fallen by some 17% since yesterday, down to some $1,109 from a close to an all-time high of $1,418 only yesterday; Bitcoin has shaved some 16.6% as well, down from yesterday's $14,403 to a $11,303 low, which certainly started a fire-sale of the cryptocurrency from less hearted holders. But the move has affected the entirety of the crypto and alt-coin market.



However, for all those that are already spelling doom, gloom, and lives ruined for speculators and the average housewife who just wanted to earn a little money on the side, hold ye screams of rage. In fact, this isn't something new; and I'm not just speaking to the crypto market's known volatility as it is. Looking back on historic Bitcoin pricing, we see an interesting trend; the queen cryptocurrency shed more than 50% of its value (from $295 down to $178) between January 9th and January 17th 2014; $461 down to 360$ in the same period of 2016; and from $1200 in a massive 37% downturn to $762 between January 5th and January 13th 2017. Once a pattern does not make; twice, still not; but three years in a row with all of these pricing dips all in roughly the same time-frame could a pattern make. Interesting to note, at the least. There's no conspiracy there; it's not like the crypto market hasn't seen some convulsions regarding price-fixing conundrums around the defunct MtGox. At all.



View at TechPowerUp Main Site
 
Joined
Aug 20, 2007
Messages
20,714 (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
ZCash privacy is toggleable so it isn't absolutely affected by a anonymous currency ban if one never makes/uses a private address or gets cash from one.

Other than that, spot on. Good article. I especially like the use of yoda-speak when commenting on the paterns at the end, hehe.
 
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..
these drops are not just driven by house wives panic selling they are a fundamental part of the crypto scene.. sell at the top and buy back in at the bottom.. all based on the principle that however low it goes it will soon go back up and make new record highs.. in fact the lower it goes the more profit is made by those who know how to play the game..

things are not as they seem.. : )

trog
 

Raevenlord

News Editor
Joined
Aug 12, 2016
Messages
3,755 (1.35/day)
Location
Portugal
System Name The Ryzening
Processor AMD Ryzen 9 5900X
Motherboard MSI X570 MAG TOMAHAWK
Cooling Lian Li Galahad 360mm AIO
Memory 32 GB G.Skill Trident Z F4-3733 (4x 8 GB)
Video Card(s) Gigabyte RTX 3070 Ti
Storage Boot: Transcend MTE220S 2TB, Kintson A2000 1TB, Seagate Firewolf Pro 14 TB
Display(s) Acer Nitro VG270UP (1440p 144 Hz IPS)
Case Lian Li O11DX Dynamic White
Audio Device(s) iFi Audio Zen DAC
Power Supply Seasonic Focus+ 750 W
Mouse Cooler Master Masterkeys Lite L
Keyboard Cooler Master Masterkeys Lite L
Software Windows 10 x64
ZCash privacy is toggleable so it isn't absolutely affected by a anonymous currency ban if one never makes/uses a private address or gets cash from one.

Other than that, spot on. Good article. I especially like the use of yoda-speak when commenting on the paterns at the end, hehe.

Used some of your own information, really, as you definitely noticed =) And found the pattern very interesting.

Yoda speak is awesome!

these drops are not just driven by house wives panic selling they are a fundamental part of the crypto scene.. sell at the top and buy back in at the bottom.. all based on the principle that however low it goes it will soon go back up and make new record highs.. in fact the lower it goes the more profit is made by those who know how to play the game..

things are not as they seem.. : )

trog

That's definitely true of the market mentality. However, the selling has to start somewhere, or with some event; be it South Korean warnings, players gaming the game, or a big player being strapped for liquidity, it all has a beginning. The "buy the dip" mentality you refer is the rebound part of the market movements, indeed.
 

Toothless

Tech, Games, and TPU!
Supporter
Joined
Mar 26, 2014
Messages
9,226 (2.52/day)
Location
Washington, USA
System Name Veral
Processor 5950x
Motherboard MSI MEG x570 Ace
Cooling Corsair H150i Elite
Memory 4x16GB G.Skill TridentZ
Video Card(s) Powercolor 7900XTX Red Devil
Storage Crucial P5 Plus 1TB, Samsung 980 1TB, Teamgroup MP34 4TB
Display(s) Acer Nitro XZ342CK Pbmiiphx + 2x AOC 2425W
Case Fractal Design Meshify Lite 2
Audio Device(s) Blue Yeti + SteelSeries Arctis 5 / Samsung HW-T550
Power Supply Corsair HX850
Mouse Corsair Nightsword
Keyboard Corsair K55
VR HMD HP Reverb G2
Software Windows 11 Professional
Benchmark Scores PEBCAK
Is that a typo in the thread title, or did I never learn hodl definition.

I tease.
 
Joined
Aug 20, 2007
Messages
20,714 (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
Used some of your own information, really, as you definitely noticed =)

And you could have gotten away with it scot free too...

But then Yoda would say that leads to the dark side of journalism... (I mean, Darth Plagueis just screams "plagerism" does it not?)

I need to go nerd out in a corner, sorry.
 
Last edited:
Joined
Jan 29, 2012
Messages
6,402 (1.44/day)
Location
Florida
System Name natr0n-PC
Processor Ryzen 5950x/5600x
Motherboard B450 AORUS M
Cooling EK AIO - 6 fan action
Memory Patriot - Viper Steel DDR4 (B-Die)(4x8GB)
Video Card(s) EVGA 3070ti FTW
Storage Various
Display(s) PIXIO IPS 240Hz 1080P
Case Thermaltake Level 20 VT
Audio Device(s) LOXJIE D10 + Kinter Amp + 6 Bookshelf Speakers Sony+JVC+Sony
Power Supply Super Flower Leadex III ARGB 80+ Gold 650W
Software XP/7/8.1/10
Benchmark Scores http://valid.x86.fr/79kuh6
Maybe then we can actually buy a decent graphic card sometime soon that's in stock.
 
Joined
Feb 11, 2012
Messages
1,486 (0.34/day)
Location
Anchorage Alaska
System Name Matter's / Helios 300 Predator
Processor Ryzen 7 2700 / i7 7700HQ
Motherboard B450 Tomahawk / Acer Helios 300 Predator
Cooling Arctic Freezer eSports Duo
Memory Patriot Viper ddr4 32gb / 32gb gskill ddr4
Video Card(s) MSI RTX 2080 Super Ventus OC / GTX 1060 6gb
Storage Patriot Viper nvme M2, crucial MX300 275gb, Samsung 860 qvo 1tb
Display(s) Acer 24" 1080p / 15.6 1080p HD
Case Antec 300 / Acer Helios 300 Predator
Audio Device(s) On Board - Steel Series Arctis Pro Wireless Cans
Power Supply Antec 850watt high current pro
Mouse Steel series Rival 600
Keyboard Corsair K70 / Acer Helios 300 Predator
Software Win 10 Pro / Win 10 Home
Maybe then we can actually buy a decent graphic card sometime soon that's in stock
Depends on how deep your pockets are $$$$$ :)
 
Joined
Aug 20, 2007
Messages
20,714 (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
Maybe then we can actually buy a decent graphic card sometime soon that's in stock.

Unlikely, IMO. As Raevenlord noted, this is just usual crypto trends.
 

the54thvoid

Intoxicated Moderator
Staff member
Joined
Dec 14, 2009
Messages
12,378 (2.37/day)
Location
Glasgow - home of formal profanity
Processor Ryzen 7800X3D
Motherboard MSI MAG Mortar B650 (wifi)
Cooling be quiet! Dark Rock Pro 4
Memory 32GB Kingston Fury
Video Card(s) Gainward RTX4070ti
Storage Seagate FireCuda 530 M.2 1TB / Samsumg 960 Pro M.2 512Gb
Display(s) LG 32" 165Hz 1440p GSYNC
Case Asus Prime AP201
Audio Device(s) On Board
Power Supply be quiet! Pure POwer M12 850w Gold (ATX3.0)
Software W10
Unlikely, IMO. As Raevenlord noted, this is just usual crypto trends.

Crypto trends yes but the factors differ. At some point one government will regulate to tax the income, at which point all others will follow. Were the dips for BTC before not related to security issues and frauds? If the current trend is due to the high possibility of regulation, the trend will continue to be 2 steps up, 3 down, unlike before, 3 up, 2 down.
 
Joined
Aug 20, 2007
Messages
20,714 (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
Were the dips for BTC before not related to security issues and frauds?

Some were, some weren't. IIRC 2014s January upset or around then was all that the SEC had declared bitcoin earnings taxable income... so again, not much new here.
 
Last edited:
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..
well i am $4000 dollars poorer than i was three days ago.. it does hurt a bit when you really do hodle.. he he..

trod
 
Joined
Aug 20, 2007
Messages
20,714 (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 i am $4000 dollars poorer than i was three days ago.. it does hurt a bit when you really do hodle.. he he..

trod

You weren't going to sell it anyways, so as far as I can tell, not much has changed... ;)
 
Joined
Apr 12, 2013
Messages
6,728 (1.68/day)
these drops are not just driven by house wives panic selling they are a fundamental part of the crypto scene.. sell at the top and buy back in at the bottom.. all based on the principle that however low it goes it will soon go back up and make new record highs.. in fact the lower it goes the more profit is made by those who know how to play the game..

things are not as they seem.. : )

trog
So vaporware, pump & dump perfectly describe BTC et al, like many of us were saying :rolleyes:
https://techcrunch.com/2018/01/15/r...-person-likely-drove-bitcoin-from-150-to-1000
 
Joined
Aug 20, 2007
Messages
20,714 (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 vaporware, pump & dump perfectly describe BTC et al, like many of us were saying :rolleyes:
https://techcrunch.com/2018/01/15/r...-person-likely-drove-bitcoin-from-150-to-1000

Considering the tech it brought to us is very real, "vaporware" is unfair. As for the rest, history will decide, but it's as "pump and dump" as any commodity in my eyes. It still has many uses beyond that.

EDIT: Someone fixed the "hodl!" No! That's a meme you bloody spellcheckers, is nothing sacred?!
 
Last edited:
Joined
Aug 18, 2017
Messages
48 (0.02/day)
Location
United States
Processor I7 4790K
Motherboard ASUS Z97 Pro
Cooling Corsair H100i
Memory Corsair Platinum 16GB 3600Mhz
Video Card(s) Sapphire Nitro Fury
Storage PNY SSD 960 x2
Display(s) ASUS 4K
Case Corsair Obsidian 450D
Power Supply EVGA 1000 P2
Mouse Glorious Model O w/DreamCables paracord
Keyboard Ducky Sine 5 YOTG
Software Win 10 Pro
Maybe then we can actually buy a decent graphic card sometime soon that's in stock.
I agree I’m happy and good the market bottomed out so I can buy a graphics card and game finally. I have no compassion. I’ve been stuck with a Fury because I’m not paying inflated prices. I hope investors lose their shirts. I’m very happy this turn of events.
 
Joined
Oct 17, 2011
Messages
857 (0.19/day)
Location
Oregon
System Name Red 101
Processor 9th Gen Intel Core i9-9900k
Motherboard EVGA Z370 Classified
Cooling Custom Primochill and Heatkiller water cooling loop
Memory 16GB of Gskill 3200Mhz CL14
Video Card(s) EVGA GeForce GTX 1080 FTW2 with Heatkiller block @2114Mhz
Storage 4- Samsung Evo 250GB, 1- Pro 512GB and 1-512GB M.2
Display(s) LG 38" UW
Case In Win 101 customized a lot and painted red
Audio Device(s) Razer Kraken 7.1 Chroma
Power Supply EVGA 850w G2
Mouse Razer DeathAdderv2
Keyboard Razer Ornata Chroma
Software Win10Pro and games
Benchmark Scores NA
this is great news... "2018, THE FALL OF CRYPTO!!!"
 
Joined
Aug 27, 2011
Messages
296 (0.06/day)
System Name Gaming PC/ EDU PC/ HFS PC
Processor Intel i9-9900KF/ Dual Ryzen 7 2700X
Motherboard Asrock Z390 Taichi Ultimate/ Dual Asrock X370 Proffesional Gaming
Cooling Noctua NH-C14S/ Arctic Xtreme Freezer/ Ryzen Wraith Prysm RGB
Memory 64GB Corsair Vengeance PRO RGB 3200/ 32GB Corsair Dominator 3000/ 16GB Corsair Vengeance Pro 3200
Video Card(s) EVGA RTX 3080 FTW3 Ultra / MSI RTX 2080Ti Ventus / EVGA GTX 1060 SC Gaming
Storage Dual 970 EVO Plus 1TB + 6Tb 860 EVO/ 960 EVO 500GB + 18Tb R0/ 840EVO 250Gb + 16Tb R0
Display(s) Samsung 32" U32R590 Curved 3480x2160 / Samsung 32" LC32H711 Curved 2560x1440 Freesync
Case Cooler Master Stacker 830 NV Edition/ Dual Cooler Master 690 Advance II
Audio Device(s) Creative X-Fi Surround 5.1 SBX/ Creative X-Fi Titanium Pci-E/ On-board Realtek
Power Supply Triple Corsair Platinum HX850i
Mouse Logitech G7 WL / Logitech G903 Lightspeed / MS BT 8000
Keyboard Dual Logitech G19s
Software Win10 Pro
this is great news... "2018, THE FALL OF CRYPTO!!!"
and when was its rise? max 20k for a btc is not so much rise, it was a momentum. rise is like 50-100k and keep it that way.....
 
Joined
Oct 17, 2011
Messages
857 (0.19/day)
Location
Oregon
System Name Red 101
Processor 9th Gen Intel Core i9-9900k
Motherboard EVGA Z370 Classified
Cooling Custom Primochill and Heatkiller water cooling loop
Memory 16GB of Gskill 3200Mhz CL14
Video Card(s) EVGA GeForce GTX 1080 FTW2 with Heatkiller block @2114Mhz
Storage 4- Samsung Evo 250GB, 1- Pro 512GB and 1-512GB M.2
Display(s) LG 38" UW
Case In Win 101 customized a lot and painted red
Audio Device(s) Razer Kraken 7.1 Chroma
Power Supply EVGA 850w G2
Mouse Razer DeathAdderv2
Keyboard Razer Ornata Chroma
Software Win10Pro and games
Benchmark Scores NA
and when was its rise? max 20k for a btc is not so much rise, it was a momentum. rise is like 50-100k and keep it that way.....

I am not about the details I am about the complete fail and falling. After South K and China and then the USA finally block Crypto I will be happy.
 
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..
well chaps.. from my reading of the charts the pull back crash or whatver you want to call it bottomed out with Bitcoin at about $9500.. its now back on the way up again.. £10000 seems to be new bitcoin bottom..

all in all a big pull back based on f-ck all.. the way it all moves in lock step with bitcoin makes me think it has to be engineered.. those in charge didnt want to crash things too much..

a few more hours should confirm what i have just said.. panic over.. i aint happy feeling this sh-t is engineered but as long as the long term general trend is upwards as a hodler i am happy enough..

trog

ps.. yep one hour later in a perfectly engineered fashion bitcoin is up to 10800 and in perfect lockstep everything else is following it.. he he
 
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
I agree I’m happy and good the market bottomed out so I can buy a graphics card and game finally. I have no compassion. I’ve been stuck with a Fury because I’m not paying inflated prices. I hope investors lose their shirts. I’m very happy this turn of events.
Get a job earn money buy stuff, it's capitalism or are you on the dole in the uk in which case you might be more confused than it seams.
I don't mind capitalism myself ,shit i live it and yet its pushed the price of an escort cossy out of my hands and the focus rs too , but I saved some time and made do with an escort s2 turbo ,do i hate cossy driver's hell no. The gits.
 
Joined
Aug 20, 2007
Messages
20,714 (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
this is great news... "2018, THE FALL OF CRYPTO!!!"

I'd be very very surprised if this isn't the like 6th time that prophecy has failed.

Don't get too excited. Enough money is involved now that if you yanked it all out at once, you'd have a new recession.
 
Joined
Oct 17, 2011
Messages
857 (0.19/day)
Location
Oregon
System Name Red 101
Processor 9th Gen Intel Core i9-9900k
Motherboard EVGA Z370 Classified
Cooling Custom Primochill and Heatkiller water cooling loop
Memory 16GB of Gskill 3200Mhz CL14
Video Card(s) EVGA GeForce GTX 1080 FTW2 with Heatkiller block @2114Mhz
Storage 4- Samsung Evo 250GB, 1- Pro 512GB and 1-512GB M.2
Display(s) LG 38" UW
Case In Win 101 customized a lot and painted red
Audio Device(s) Razer Kraken 7.1 Chroma
Power Supply EVGA 850w G2
Mouse Razer DeathAdderv2
Keyboard Razer Ornata Chroma
Software Win10Pro and games
Benchmark Scores NA
I'd be very very surprised if this isn't the like 6th time that prophecy has failed.

Don't get too excited. Enough money is involved now that if you yanked it all out at once, you'd have a new recession.

I wouldn't for a second feel sorry for those "investors" that took out 2nd loans on their house to buy into Crypto.
 
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..
I wouldn't for a second feel sorry for those "investors" that took out 2nd loans on their house to buy into Crypto.

no need to feel sorry for them nick.. depending when they did the deed.. lets assume three or four months back.. they would have made enough money to have paid off both mortgages and still be looking at a handsome profit..

time for folks to catch up here as well.. the crypto "correction" is now over and bitcoin is at 12000 dollars or so.. bad new for the haters and good news for the hodlers.. :)

trog
 
Top