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

Bitcoin price suddenly surges to 3-year high

Joined
Dec 18, 2005
Messages
7,404 (1.33/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..
How much did you buy for this round of dipping?

i stopped buying back in 2018.. i basally lost interest.. i still have the 2017 hardware and its currently mining nicehash.. i also still have the small stash i acquired back in 2017/18..

i could buy and sell but i cant be arsed.. i do keep up with whats going on though..

trog
 
Joined
Mar 4, 2005
Messages
3,390 (0.58/day)
System Name TheReactor
Processor i7 10700k @ 5.2Ghz
Motherboard ASUS Maximus XII
Cooling HeatKiller VI CPU/GPU Block -2xBlackIce GTX 240 Radiators - Swiftech MCP655 Pump
Memory 32GB G.Skill 3600Mhz Cas 14
Video Card(s) PNY RTX 2080 TI
Storage Samsung 960 EVO 500GB
Display(s) Acer Predator xb271hu - 2560x1440 @144hz
Case Corsiar 550
Audio Device(s) on board
Power Supply Antec Quattro 1000W
Mouse Logitech G502
Keyboard Corsair Gaming k70
Software Windows 10 Pro 64bit
I have a couple limit orders in for Eth at $1400 and BTC at $45k. I missed ETH at $1300 at 3:30am.
 
Joined
Feb 23, 2019
Messages
2,216 (2.98/day)
Location
Poland
Processor Ryzen 7 3700X
Motherboard Gigabyte X570 Aorus Elite
Cooling BeQuiet Dark Rock 4
Memory 2x8 GB Crucial Ballistix Sport LT 3200 CL16 @ 3600 CL16
Video Card(s) EVGA 1060 6GB SSC
Storage SX8200 Pro 1 TB, Plextor M6Pro 256 GB, WD Blue 2TB
Display(s) Acer XB273GP
Case SilverStone Primera PM01 RGB
Power Supply SeaSonic Focus Plus Gold 750W
Mouse SteelSeries Rival 300
Keyboard MK Typist (Kailh Box White)
Joined
Apr 24, 2020
Messages
780 (2.45/day)

Well, the 1.5 Billion BTC purchase is certainly a thing. But TSLA has plenty of other, unrelated issues compared to BTC. So its kind of tangential. Musk has been shilling cryptocoins for the past few weeks though, so maybe TSLA / BTC is more related than anyone feels comfortable about...

I wonder if the current dip is because of: https://ag.ny.gov/press-release/202...rrency-trading-platform-bitfinexs-illegal?ref

I've had friends ask me whether or not to trust Bitfinex as an exchange, so they're definitely getting big.
 
Joined
Jan 8, 2017
Messages
6,488 (4.27/day)
System Name Good enough
Processor AMD Ryzen R7 1700X - 4.0 Ghz / 1.350V
Motherboard ASRock B450M Pro4
Cooling Deepcool Gammaxx L240 V2
Memory 16GB - Corsair Vengeance LPX - 3333 Mhz CL16
Video Card(s) OEM Dell GTX 1080 with Kraken G12 + Water 3.0 Performer C
Storage 1x Samsung 850 EVO 250GB , 1x Samsung 860 EVO 500GB
Display(s) 4K Samsung TV
Case Deepcool Matrexx 70
Power Supply GPS-750C
It's funny because just a few days ago I was talking with someone who was convinced Tether is completely safe and stable and that everything was FUD, there is certainly a level of delusion amongst the crypto group.
 
Joined
Feb 1, 2013
Messages
884 (0.30/day)
System Name Gentoo64 /w Cold Coffee
Processor 9900K 5GHz 1.232v Raystorm Pro
Motherboard EVGA Z370 Micro
Cooling GTX360 + MCR120-XP, EK-XRES
Memory 2x16GB TridentZ 3900-C15-2T 1.45v
Video Card(s) RTX 3080 Bykski Eagle
Storage Samsung 970 EVO 500GB, 860 QVO 2TB
Display(s) CU34G2X 3440x1440 144Hz
Case FT03-T mATX
Audio Device(s) SBz
Power Supply SS-850KM3
Mouse G502
Keyboard G710+
Software Gentoo/Windows 10
Benchmark Scores Always only ever very fast
It's funny because just a few days ago I was talking with someone who was convinced Tether is completely safe and stable and that everything was FUD, there is certainly a level of delusion amongst the crypto group.
That someone is the ostrich with its head in the sand. Probably not even aware that an investigation is ongoing. And then the general incompetence to understand how much unbacked Tether was pumped into BTC and other coins back in November to drive its initial resurgence. Most people probably skipped the article, because it was too long.
 
Joined
Feb 1, 2013
Messages
884 (0.30/day)
System Name Gentoo64 /w Cold Coffee
Processor 9900K 5GHz 1.232v Raystorm Pro
Motherboard EVGA Z370 Micro
Cooling GTX360 + MCR120-XP, EK-XRES
Memory 2x16GB TridentZ 3900-C15-2T 1.45v
Video Card(s) RTX 3080 Bykski Eagle
Storage Samsung 970 EVO 500GB, 860 QVO 2TB
Display(s) CU34G2X 3440x1440 144Hz
Case FT03-T mATX
Audio Device(s) SBz
Power Supply SS-850KM3
Mouse G502
Keyboard G710+
Software Gentoo/Windows 10
Benchmark Scores Always only ever very fast
Joined
Dec 18, 2005
Messages
7,404 (1.33/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..
Thanks. That would explain the 10K BTC drop overnight.

the sudden price drops are caused by whales doing organized sell offs nothing else.. the more they do this the less effective it becomes.. long term it dosnt mean much..

it took one hell of a dump to drive the price down this time and more and more people are getting wise to it..

trog
 

hat

Enthusiast
Joined
Nov 20, 2006
Messages
21,332 (4.09/day)
Location
Ohio
System Name Starlifter :: Dragonfly
Processor i7 2600k 4.4GHz :: Athlon II x4 630 3.5GHz
Motherboard ASUS P8P67 Pro :: GIgabyte GA-770T-USB3
Cooling Corsair H70 :: Thermaltake Big Typhoon
Memory 2x4GB DDR3 1866 :: 2x1GB DDR3 1333
Video Card(s) 2x PNY GTX1070 :: none
Storage Plextor M5s 128GB, WDC Black 500GB :: Mushkin Enhanced 60GB SSD, WD RE3 1TB
Display(s) Acer P216HL HDMI :: None
Case Antec SOHO 1030B :: Old White Full Tower
Audio Device(s) Creative X-Fi Titanium Fatal1ty Pro - iLive IT153B Soundbar (optical) :: None
Power Supply FSP Hydro GE 550w :: something
Software Windows 10 Pro - Plex Server on Dragonfly
Benchmark Scores >9000
And BTC is still hovering around 50k. Did I miss something, or did BTC not even take much of a hit?
 
Joined
Dec 18, 2005
Messages
7,404 (1.33/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..
And BTC is still hovering around 50k. Did I miss something, or did BTC not even take much of a hit?

it got up to 58K and was then knocked down to 47K.. its now running between 49 and 50K.. for reasons unknown the whales seem to want to keep it at 50k or so.. they are still dumping enough coin to do this..

trog
 
Joined
Oct 17, 2014
Messages
5,780 (2.48/day)
Location
USA
System Name Paladius Tacet
Processor Ryzen 5600x - 1,270v 4.5ghz all core
Motherboard MSI X570 Tomahawk + SAM Enabled
Cooling Arctic Freezer 34 DUO (aggressive fan curve)
Memory G.Skill 2x16 4000 CAS 16 Dual Rank 2000:1 IF
Video Card(s) Navi 6800 + Auto OC gpu core
Storage 2TB SSD
Display(s) Acer Nitro XF243Y 23.8" 0.5ms IPS 165hz 1080p
Case Corsair 110Q Silent + NZXT Aer-P exhaust fan
Audio Device(s) SennHD58X, Schiit Asgard 2 AMP, Modi 3 DAC
Power Supply EVGA 700w Gold
Mouse Logitech G502 Hero SE
Keyboard Logitech Cherry Mx Red
it got up to 58K and was then knocked down to 47K.. its now running between 49 and 50K.. for reasons unknown the whales seem to want to keep it at 50k or so.. they are still dumping enough coin to do this..

trog

bitcoin at 43k, ethereum at 1300 and still crashing. hodl boys!!! lol... tesla just lost all their profit they made last year unless bitcoin goes back up past what elon bought it for... lol i bet his boardmembers are not very happy with him right now
 
Joined
Dec 18, 2005
Messages
7,404 (1.33/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 at 43k, ethereum at 1300 and still crashing. hodl boys!!! lol... tesla just lost all their profit they made last year unless bitcoin goes back up past what elon bought it for... lol i bet his boardmembers are not very happy with him right now

the hodl boys will still have it when it goes back up as i am sure it will.. having said that a stock market sell off (crash) could affect it..

i think elon is still in profit i aint sure but i recon he bought in around 30K..

trog
 
Joined
Oct 17, 2014
Messages
5,780 (2.48/day)
Location
USA
System Name Paladius Tacet
Processor Ryzen 5600x - 1,270v 4.5ghz all core
Motherboard MSI X570 Tomahawk + SAM Enabled
Cooling Arctic Freezer 34 DUO (aggressive fan curve)
Memory G.Skill 2x16 4000 CAS 16 Dual Rank 2000:1 IF
Video Card(s) Navi 6800 + Auto OC gpu core
Storage 2TB SSD
Display(s) Acer Nitro XF243Y 23.8" 0.5ms IPS 165hz 1080p
Case Corsair 110Q Silent + NZXT Aer-P exhaust fan
Audio Device(s) SennHD58X, Schiit Asgard 2 AMP, Modi 3 DAC
Power Supply EVGA 700w Gold
Mouse Logitech G502 Hero SE
Keyboard Logitech Cherry Mx Red
the hodl boys will still have it when it goes back up as i am sure it will.. having said that a stock market sell off (crash) could affect it..

i think elon is still in profit i aint sure but i recon he bought in around 30K..

trog

looks like he bought in at around 39k, so yeah you are right he is still in clear but not for much longer.

so when people say buy the dip which dip do they mean? the first, second, third? ;)
 
Joined
Apr 24, 2020
Messages
780 (2.45/day)
When you make $1.5 billion purchases, it becomes hard to enter or exit those positions. If TSLA sold all $1.5 billion of BTC today, it'd crash the price below 35k, maybe lower.

When you buy, the asset goes up in response to your buy. And sell for vice versa.

It's a relatively small market with low liquidity. That's why the price moves so much. Just like auction house art pieces
 
Joined
Oct 17, 2014
Messages
5,780 (2.48/day)
Location
USA
System Name Paladius Tacet
Processor Ryzen 5600x - 1,270v 4.5ghz all core
Motherboard MSI X570 Tomahawk + SAM Enabled
Cooling Arctic Freezer 34 DUO (aggressive fan curve)
Memory G.Skill 2x16 4000 CAS 16 Dual Rank 2000:1 IF
Video Card(s) Navi 6800 + Auto OC gpu core
Storage 2TB SSD
Display(s) Acer Nitro XF243Y 23.8" 0.5ms IPS 165hz 1080p
Case Corsair 110Q Silent + NZXT Aer-P exhaust fan
Audio Device(s) SennHD58X, Schiit Asgard 2 AMP, Modi 3 DAC
Power Supply EVGA 700w Gold
Mouse Logitech G502 Hero SE
Keyboard Logitech Cherry Mx Red
When you make $1.5 billion purchases, it becomes hard to enter or exit those positions. If TSLA sold all $1.5 billion of BTC today, it'd crash the price below 35k, maybe lower.

When you buy, the asset goes up in response to your buy. And sell for vice versa.

It's a relatively small market with low liquidity. That's why the price moves so much. Just like auction house art pieces

one of the whales must have sold to drive it this low this fast, so who was it? not so easy to find out.
 
Joined
Apr 24, 2020
Messages
780 (2.45/day)
one of the whales must have sold to drive it this low this fast, so who was it? not so easy to find out.

GBTC can't sell (at least... by my understanding), but them trading at a severe discount shows that Wall Street had no appetite for BTC at this price range. I'm assuming various BTC ETFs are selling.

The first big sell happened on the day of the Bitfinex settlement with New York. I'd assume that's the event that spooked the cryptocoin market.
 
Joined
Dec 18, 2005
Messages
7,404 (1.33/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..
from what i can gather the selling is coming from f2pool.. it seem to be a deliberate attempt at driving the price down..

kind of a pump and dump without the pump.. it does its own pumping.. :)

a while back it went down from 40K to 28K.. from there it shot back up to 58K.. if it follows the same pattern this time when it shoots back up it will be to 90K..

but who know for sure.. time will tell..

trog
 
Joined
Oct 17, 2014
Messages
5,780 (2.48/day)
Location
USA
System Name Paladius Tacet
Processor Ryzen 5600x - 1,270v 4.5ghz all core
Motherboard MSI X570 Tomahawk + SAM Enabled
Cooling Arctic Freezer 34 DUO (aggressive fan curve)
Memory G.Skill 2x16 4000 CAS 16 Dual Rank 2000:1 IF
Video Card(s) Navi 6800 + Auto OC gpu core
Storage 2TB SSD
Display(s) Acer Nitro XF243Y 23.8" 0.5ms IPS 165hz 1080p
Case Corsair 110Q Silent + NZXT Aer-P exhaust fan
Audio Device(s) SennHD58X, Schiit Asgard 2 AMP, Modi 3 DAC
Power Supply EVGA 700w Gold
Mouse Logitech G502 Hero SE
Keyboard Logitech Cherry Mx Red
from what i can gather the selling is coming from f2pool.. it seem to be a deliberate attempt at driving the price down..

kind of a pump and dump without the pump.. it does its own pumping.. :)

a while back it went down from 40K to 28K.. from there it shot back up to 58K.. if it follows the same pattern this time when it shoots back up it will be to 90K..

but who know for sure.. time will tell..

trog

if pump and dump truly is going on, I wonder if yellen and IMF will ever try to target those wallets owners and ban their passports, etc. will be interesting to see how all of this plays out in the coming years.
 
Joined
Dec 18, 2005
Messages
7,404 (1.33/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..
if pump and dump truly is going on, I wonder if yellen and IMF will ever try to target those wallets owners and ban their passports, etc. will be interesting to see how all of this plays out in the coming years.

f2pool is a chinese mining pool.. a bit beyond the control of yellen and the imf.. its been possible to find out where all the selling is coming from but not the individual sellers..

its not really pump and dump just big players who own enough bitcoin to manipulate the market when it suits them.. good advice is to play the game along with them.. dont be scared into panic selling buy the dip and hdl... i am not buying but then again i am not selling..

but as you say it will be interesting watching how it all plays out..

trog

ps.. the people involved now are not geeks in a basement they are big institutions and maybe even governments..
 
Joined
Mar 18, 2008
Messages
5,498 (1.16/day)
System Name Virtual Reality / Bioinformatics
Processor Undead CPU
Motherboard Undead TUF X99
Cooling Noctua NH-D15
Memory GSkill 128GB DDR4-3000
Video Card(s) EVGA RTX 3090 FTW Ultra
Storage Samsung 960 Pro 1TB + 860 EVO 2TB + WD Black 5TB
Display(s) Acer K272HUL, HTC Vive
Case Fractal Design R5
Audio Device(s) BOSE 2.0
Power Supply Seasonic 850watt
Mouse Logitech Master MX
Keyboard Corsair K70 Cherry MX Blue
Software Windows 10 Professional/Linux Mint
I mean not jusr crypto, every major investment are going downwards.
 
Joined
Feb 18, 2012
Messages
2,226 (0.67/day)
System Name MSI GE75 Raider
Processor i9 9880h
Cooling 2 laptop fans
Memory 32gb of 3000mhz DDR4
Video Card(s) Nvidia 2080
Storage x2 2tb Intel 660p SSD nvme, WD Red SA500 2.5in 4TB
Display(s) 17.3" IPS 1920x1080 144Hz
Power Supply 280w laptop power supply
Mouse Logitech m705
Keyboard laptop keyboard
Software lots of movies and Windows 10 with win 7 shell
Benchmark Scores Good enough for me
Joined
Mar 18, 2008
Messages
5,498 (1.16/day)
System Name Virtual Reality / Bioinformatics
Processor Undead CPU
Motherboard Undead TUF X99
Cooling Noctua NH-D15
Memory GSkill 128GB DDR4-3000
Video Card(s) EVGA RTX 3090 FTW Ultra
Storage Samsung 960 Pro 1TB + 860 EVO 2TB + WD Black 5TB
Display(s) Acer K272HUL, HTC Vive
Case Fractal Design R5
Audio Device(s) BOSE 2.0
Power Supply Seasonic 850watt
Mouse Logitech Master MX
Keyboard Corsair K70 Cherry MX Blue
Software Windows 10 Professional/Linux Mint
I like TPU's new front page ad haha

Screenshot 2021-03-01 134707.png
 
Joined
Feb 18, 2012
Messages
2,226 (0.67/day)
System Name MSI GE75 Raider
Processor i9 9880h
Cooling 2 laptop fans
Memory 32gb of 3000mhz DDR4
Video Card(s) Nvidia 2080
Storage x2 2tb Intel 660p SSD nvme, WD Red SA500 2.5in 4TB
Display(s) 17.3" IPS 1920x1080 144Hz
Power Supply 280w laptop power supply
Mouse Logitech m705
Keyboard laptop keyboard
Software lots of movies and Windows 10 with win 7 shell
Benchmark Scores Good enough for me
Joined
May 8, 2018
Messages
906 (0.88/day)
Location
London, UK
This crypto bubble market will crash so hard, in 2018 it crashed 95%, this time will be 99%.
 
Top