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Post Info TOPIC: Bitcoin @ $10,000 + causing video cards prices to soar!
SELLC


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Bitcoin @ $10,000 + causing video cards prices to soar!
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That's right folks... Regardless if you buy into the current valuation of a bitcoin, you'll be paying more for your computers video card right now because people are using them to mine for the bitcoin! 

I went to buy my kid another of the same video card I got him two years ago so he could stack them and have "crossfire", however that same exact card is selling for $750 new! I only paid $240 open box, but even the used ones are fetching open box prices plus a few hundred - TWO YEARS LATER! 

Don't believe me? Go to Micro Center right now and tell me if you find a SINGLE AMD graphics card they have in stock (AMD are said to be the best for bitcoin mining). 

What are your thoughts?



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SELLC


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Heard Bitcoin hit $17,000!

That's $17,000 for ONE Bitcoin!

confuse



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Even video card makers are starring to take notice of the increasing prices of video cards due to crypto currency...

Nvidia speaks out against rising price of GPUs due to cryptocurrency mining

https://www.yahoo.com/tech/cryptocurrency-mining-making-graphics-cards-132206041.html



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So, three years ago Bitcoin was cracking $17,000 and today it got above $15,000...

How can this not be seen as a Ponzi scheme? At one time this year Bitcoin was at a low of $3,700 per coin. 

But what does Bitcoin have or offer that is of value? What service does it provide?

Real business cannot take Bitcoin for payment unless its immediately sold and tendered in USD because the risk of taking $1000 today and it only being worth $500 or less within a day, or even an hour is very real. In that sense how can it be seen as anything other than a Ponzi scheme where the few people at the top get to cash out while the people at the bottom are expected to pay $15k per coin to buy in? 

And, word on the street is the US has moved Bitcoin worth $1 billion from a wallet belonging to the now busted Silk Road! So much for the claim that its untraceable. 

What are your thoughts on Bitcoin?



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Stan_147


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A mist, a mirage that could vanish in an instant. An unlinked payment system loved by darkweb denizens for nefarious business purposes.

AMD is actually good for something? Wow, I thought they just heated up the room and ran up your electricity bill.

Ive been using Nvidia for more than 25 years, but then again I do high end video and 3D graphics for a living for 3 decades.

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Bitcoin at $17,695!

DOW at 29,780



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Bitcoin is within spitting distance of $20,000 per Bitcoin!

Some people are suggesting it could get to $200,000 or even $2,000,000 in time! 

All I know is that Bitcoin was at a low of about $3,800 about a year ago, as with any Ponzi scheme it's important to let new buy in's "think" that such up-side potential is there when really it's not.

Many people getting into buying Bitcoin in small slivers of a coin offered by companies like PayPal and CashApp. 

It's really just like gambling if you ask me, a real life game of musical chairs! I don't hate on the people making money or investing in it, I think everyone should have their own "thing" they like to do. 

Going from about $3,800 to almost $20,000 per bitcoin in less than a year is mighty attractive to investors and day traders. Perhaps the best ROI for some in the history of the markets even! 

People buying in at $20,000 have to be somewhat insane though, but with PayPal and CashApp now selling little tiny fractions of a Bitcoin it's become the new penny stock that anyone can buy and lose money on.



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Stan_147


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After peaking this week, it just dropped $3K

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Yeah it was a rough Thanksgiving for the Bitcoin traders for sure! It's clawed a little bit back since then but seems to be whip-sawing away, still well over $2k evaporated as of the time of writing!

And perhaps that is not what a lot of people are factoring in, this big surge of money influx from small regular people will amount to a lot of buy/sell as they don't tend to hold stocks like the older traders who just "let it ride", if only because they are out of room under the matress and really have no where else to stuff it. But who are we kidding? Bitcoin isn't a stock.



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Shawnee_B


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I already got a super video card. 6 good puters, one awesome gamer. 2 HD in it both a T. One disc, one SS. Super gamer puter. Clear side you can see everything including the mother board that has neon and cool colors. Got 5 fans! My use 1 may run, not all. Had a buddy build it. EVEA or something tower? I dunno it in code.

Gonna have him build the wife one. He's good.

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I never took you for a big gammer Shawnee, so you got me there.

If you don't play video games I might suggest a Mac Mini solid state for your wife if she is like us and just on the web forums and such. It's been a learning curve but much better than Windows and regular PC. That is not to say i don't keep a windows PC next to my Mac, however I use my Mac way more for online and other such things. 

Recently upgraded my Mini Mac to SS and it helps but I am still trying to get used to the file system on Mac.



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Shawnee_B


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SELLC wrote:

I never took you for a big gammer Shawnee, so you got me there.

If you don't play video games I might suggest a Mac Mini solid state for your wife if she is like us and just on the web forums and such. It's been a learning curve but much better than Windows and regular PC. That is not to say i don't keep a windows PC next to my Mac, however I use my Mac way more for online and other such things. 

Recently upgraded my Mini Mac to SS and it helps but I am still trying to get used to the file system on Mac.

 I haven't gamed in some time but do enjoy it. I like the shoot kills, Duke Nukem etc. I have a RC simulator for the PC. Realflight 9. Very cool, very realistic. This puter my buddy built, he is staying with us now. He a wicked gamer so built for him. You got 2 HD. One a disc 1T and an 1T solid state. Clear lexan on one side, neon on the MB, cool rig. Boots from cold in less than a minute and ready to go! Got

Wife build similar without gaming board and less of a video card. Those SS HD's really move out.



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Yeah the SSD's are the way to go!

Now they got something even faster, the M.2 SSD's that look a lot like ram chips but plug in at the small ends. They run sometimes twice as fast as the traditional SATA SSD's if you can believe that!

Currently all I need is this little Mac Mini and my $200 laptop PC. Don't play any video games at all since Karateka and original Test Drive days on the Commodore 64. Used to have all the original games and would binge for days when I was a kid.

Now days I don't even have the time to play tic-tac-toe.



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Shawnee_B


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I'll ask the kid about them, he will know.

I miss games but not much time here either. Kid does the warcraft one, guess that's popular.

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Bit Coin cracked $28,000 today!

Regardless how ridiculous this whole digital currency is, some people are making some serious fucking money. 

Everyone seems to know the bottom is going to fall out once a few at the top cash out, but at this point the returns on someone who bought a few coins at $4,000 are somewhat phenomenal. 

The question is, will Bit Coin keep going higher? Like to 200,000 or even 60,000?

 



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Its about to crack 34,000!

Shit is on fire!



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PowerStroker


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https://en.wikipedia.org/wiki/Tulip_mania



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Makes you wonder... Flu-Mania?



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Shawnee_B


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Never looked into the bitshit, don't really understand it.

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It's all a big scam if you ask me... they claim that there can only be 21 million BitCoin ever released. Currently 18.5 million have been mined over 10 years since it first come out. This link explains more about the struture of BitCoin

https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/

Now keep in mind that a lot of people early on lost their keys to an unknown amount of BitCoin, or died without ever passing them on. Then there is the fact that many things about BitCoin has changed in the past 10 years, as with everything new ways of doing things make for changes so this whole idea that it's rock solid is pretty funny. In fact it's a lot like selling raffle tickets, only every ticket is a winner for the amount it was purchased for which may change in value up or down depending on how many other people cash in their tickets. Buying BitCoin has just now reached a lot of new-age digital companies like PayPal and CashApp, so pretty much anyone can buy this crap... they can even buy fractions of a bitcoin! I can't speak to the ease of getting your money out of the BitCoin, someone was recently killed in Hong Kong right after they cashed in millions of bitcoin and there are countless stories of massive black market transactions. 

But yet they let it keep going. 

It's like the criminals and the rich are pooling their money into this BitCoin, so in essence these majority BitCoin holders run their own little banks and collectively they can control the value so long as nobody gets greedy and cashes out all at once. 

Given the volatility of BitCoin it's anyones guess if it ever hits $200,000 per coin, what I can say is if a year or two from now it does, that will make the current $34,000 per BitCoin buy in seem like as big of a steal as when it was $3,700! Everyone will be saying, "If only I had spent $100k on BitCoin when it was only $34,000!" And that is fucked up... really!

Considering that BitCoin has to have overhead costs and cost to maintain the coins themselves, and with regulatory and technology changing fast - along with BitCoin rules, it's just a wonder this is even being allowed to continue. Many other brands of digital currency are cropping up as well, it's just that BitCoin is currently your "flashy brand" 

It would seem to me your money would be better spent buying tangible investments like property and actual precious metals (not the stocks).

We all know a crash is coming because the rich are selling off their big homes at a record clip. Many of them making big money moves and cashing out large chunks regularly, but just enough to keep anyone from panicking.  Sounds a lot like BitCoin too, no?

 



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Shawnee_B


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I just had a gut feeling about it. A bad one.

Rich fuks been selling off a while now. Guess they knw something we don't?

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BitCoin cracks 40,000 and the market is on fire during a turbulent election while the Senate gets sacked?

confuse

Wonder how many people are going to use their "Stimmy money" to buy BitCoin?

How many people are saving it for January 20th 2021?

 

2021simpsons.jpg



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Shawnee_B


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I'm donating mine to Biden. NOT!

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Someone cashed out a big chunk of BitCoin today! Price dropped by 10,000!

It looks to be on it's way back up however.

Too volatile for me. 



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Shawnee_B


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Fuh dat. Invest guns and ammo.

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