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Cryptocoin Value and Market Trend Discussion

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been away for couple of weeks.. not a lot has happened during this time.. bitcoin hovering around 23K with eth around 1.7k.

the general feeling is that things will start to move up from here but time will tell.. feelings dont mean that much..

trog
 
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thursday evening here in the UK.. bitcoin now at 58K with eth at 4K..

58K may be the bottom but it could go a bit lower.. its hard to say..

it gone lower than i expected it to but i still think its ready to shoot higher and soon..

trog
Hi,
Quite a change :laugh:
 
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the general feeling is that things will start to move up from here but time will tell.. feelings dont mean that much..
my general feeling is that will change with the next nvidia launch.
 
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my general feeling is that will change with the next nvidia launch.
genuinely interested what's the thesis here, if it's not sacrasm, considering that the merge is almost upon us and there are no expectations among the market participants for any long-term successful forks
 
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my general feeling is that will change with the next nvidia launch.
Unlikely. That's based on a hunch, which is based an a number of factors. Time will tell though..

genuinely interested what's the thesis here, if it's not sacrasm, considering that the merge is almost upon us and there are no expectations among the market participants for any long-term successful forks
Most GPU based coins are gearing up to switch over to Proof of Stake instead of Proof of Work models, which means that GPU's will be much less useful and much less valuable in mining.
 
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Most GPU based coins are gearing up to switch over to Proof of Stake instead of Proof of Work models, which means that GPU's will be much less useful and much less valuable in mining.
This I understand, it's fairly obvious. Though I feel like a have a reading comprehension problem here, haha. Deathtognomes said that crypto prices will change around the nvidia launch, right? That's what I don't get. I don't even see how these two things are correlated.
 
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Deathtognomes said that crypto prices will change around the nvidia launch, right?
Would it have been clearer if I had said "my Magic 8-ball says..."? I can understand how speculation gets mistaken for fact, but anything and everything relating to the future (prediction,foresight,etc.) is nothing less than speculation. Just like others have said(speculated) that mining will switch from Eth to Ravencoin (couple others too) after the changeover. I for one am worried that 4000 series will be botted up again when I was planning on grabbing a new card at that time. That worry provokes me to speculate negatively.

Hows that for a partial Thesis? :D
 
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Would it have been clearer if I had said "my Magic 8-ball says..."? I can understand how speculation gets mistaken for fact, but anything and everything relating to the future (prediction,foresight,etc.) is nothing less than speculation. Just like others have said(speculated) that mining will switch from Eth to Ravencoin (couple others too) after the changeover. I for one am worried that 4000 series will be botted up again when I was planning on grabbing a new card at that time. That worry provokes me to speculate negatively.

Hows that for a partial Thesis? :D
Much better now! Number go down, gonna short with my entire account :D
 
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Much better now! Number go down, gonna short with my entire account :D
I hate you for making me do that, may a thousand fleas infest your account. :roll:
 
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150k-ish BTC is the amount remaining in the wallet. IIRC there was around 700k BTC before the crisis, but its been like 8 years so I don't really remember all the details.

IIRC, the "stolen" BTC from Mt. Gox hasn't moved. There's probably a fear that the world's collective police agencies (FBI, Interpol, etc. etc.) will track whoever touches the "stolen Mt. Gox bitcoins". But again, I haven't really paid attention to this Mt. Gox thing until recently (now that the redistribution seems closer than ever).

don't quote me on this but i think i remember someone already got caught with part of the Mt. Gox stolen crypto
 
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Why would anyone want to mine BTC in current state of price & probability? :confused:

bitcoin is (or should be) seen as a long term investment..

trog
 
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whit free electricity
Well, there are easier ways to get other coins...then you transfer them in BTC & pump the BTC price that way.

It is simple economics...not a science! :cool:
 
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Because some do not think the current condition will be permanent. They mining for futures.
If you could not catch me up, then try this:
- using hardware will get to 10 BTC with price of 20k USD, for example. But greater the number of BTC, it will drive the price of BTC down to 19,5k USD, example only.
Compared to:
- using hardware on some other crypto XYZ will get you number of coins worth 15 BTC
- changing them on exchange to BTC will loose you for example 5% most, which is 0,75 BTC...you are still left with 14,25 BTC
- buying 15 BTC on exchange will make price of BTC jump from 20k to 21k USD, just example

So I ask again, why would anyone try to crunch more BTC right now? Even with FREE electricity! :cool:
It is not science, only economics.
 
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If you could not catch me up, then try this:
- using hardware will get to 10 BTC with price of 20k USD, for example. But greater the number of BTC, it will drive the price of BTC down to 19,5k USD, example only.
Compared to:
- using hardware on some other crypto XYZ will get you number of coins worth 15 BTC
- changing them on exchange to BTC will loose you for example 5% most, which is 0,75 BTC...you are still left with 14,25 BTC
- buying 15 BTC on exchange will make price of BTC jump from 20k to 21k USD, just example

So I ask again, why would anyone try to crunch more BTC right now? Even with FREE electricity! :cool:
It is not science, only economics.
Those machines were built with ASICs specifically to mine BTC. I don't think they can be switched on the fly to mine something else. Also, what coins can be mined that have 75% of the value of BTC?
 
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If you could not catch me up, then try this:
- using hardware will get to 10 BTC with price of 20k USD, for example. But greater the number of BTC, it will drive the price of BTC down to 19,5k USD, example only.
Compared to:
- using hardware on some other crypto XYZ will get you number of coins worth 15 BTC
- changing them on exchange to BTC will loose you for example 5% most, which is 0,75 BTC...you are still left with 14,25 BTC
- buying 15 BTC on exchange will make price of BTC jump from 20k to 21k USD, just example

So I ask again, why would anyone try to crunch more BTC right now? Even with FREE electricity! :cool:
It is not science, only economics.
Again, you're not thinking about the future, which is why you don't see the reasoning. That's your problem.
 
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Ethereum mining is over and done with.

Expect a huge amount of used card on the second-hand market.


Before someone asks what about mining other coins? Well, if all the ethereum miners join other coins block rewards will plummet so much, mining will become unprofitable almost instantly.

yep but there is no change in the price which i find a bit odd..

trog
 
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A change in the price of Eth? Why would it change? How blocks are mined/proven have zero relevance to Ethereum's use in the real world.

All the cryptos are nothing more than wild trading assets with zero innate value, their value exists solely due to PR/marketing/advertising/social networks/etc.

They are used here and there but trading constitutes 99.99% of their volume and value which is insane if you think about it. How many coins have vanished over the past decade? Thousands.

Most are are great "solutions" to made up problems. In reality, we barely need more than a dozen if not fewer. BTC/ETH/BNB/TUSD/Monero and that's it. The rest is just junk/Ponzi schemes.
You have misunderstood ETH by the sounds of it.
Others are as you say but not ETH.
It's not the same as BTC but it's also not Luna.

Dapps make it different, give it worth etc few other coins had Dapps.
 
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For the miners in this thread, any drop in profits?
 
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Someone will find something profitable enough and start a new mining trend. It could be ......... Doge coin ! :roll::banghead::respect:
 
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Someone will find something profitable enough and start a new mining trend. It could be ......... Doge coin ! :roll::banghead::respect:
I believe so, as mining has died and reincarnated multiple times. Isn't there something like Raven coins?
 
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