Cryptocurrencies

El_Goretto

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Big fan of Witcher 3, I think I put about 200 hours into it, and can't wait for Cyberpunk 2077 to be released :)

Antec are great, I always bought their cases and PSUs in the UK. I've got an Antec Neopower 550w that has been running daily since 2009. It originally powered an overclocked Wolfdale to 4.5 and has never given in after many upgrades. I should probably change it out at some point and will need to if I add any more gpus. Will definitely buy Antec again.

I'm very curious about cyberpunk 2077, wonder what they have in store for us.

Thank for the recommendation on Antec. I've never bought from them before even though I had heard about them. Now I feel better about the purchase!
 

El_Goretto

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Why don’t you diversify and invest also say in GPU/ASIC/PS manufacturers? something akin to California Gold Rush saying “you can mine for gold or you can sell pickaxes.”

To further illustrate your point. Here's Nvidia's stock price over the last 20 years or so:

upload_2018-1-22_16-44-41.png


Damn!
 

rabbit_39

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To further illustrate your point. Here's Nvidia's stock price over the last 20 years or so:

View attachment 502

Damn!
Back in 2004 ish maybe 2005 I was in the tech support world and basically a computer geek. At the time I was working for a company who acquired a company who was also making GPUs (S3 graphics). I saw how much better then NVIDIA stuff was (I'd been using NVIDIA's stuff since the Riva TNT time.... anyone remember those? :D). Thought about buying NVIDIA stock especially because at the time they were a solid company (in my thoughts). sigh.....

Back to Cryptocurrency, I remember when @El_Goretto and I were talking about this. Maybe 2012? darn it! missed the boat again!
 

Bad_azz

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How could not investing in CCs back in 2012 be classed as dodging a bullet? Have you seen the growth since then?
 

Jamu

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How could not investing in CCs back in 2012 be classed as dodging a bullet? Have you seen the growth since then?
True, if one were to sell today. However there is every possibility that the asset class eventually goes to zero.
 

rabbit_39

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Or perhaps dodged a bullet...
Well, I (and I expect @El_Goretto as well) would not have invested more than we could have afforded to lose. Which meant that by now we may be hundred of thousand-er :D well, at least I may have been. ;)
 

harryopal

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World's biggest cryptocurrency hack. $534 million US. This is reported on the BBC world news website. I tried to download the link but it disappeared.

This is bound to have an impact. Good time to sell immediately and then come back to the market after things cool down.
 

El_Goretto

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World's biggest cryptocurrency hack. $534 million US. This is reported on the BBC world news website. I tried to download the link but it disappeared.

This is bound to have an impact. Good time to sell immediately and then come back to the market after things cool down.

Doubt it. The total market cap is much larger than back when mtgox got hacked. So while it is larger it represents a smaller part of the overall market.
 

harryopal

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Doubt it. The total market cap is much larger than back when mtgox got hacked. So while it is larger it represents a smaller part of the overall market.

How dare you contradict me. I AM AN INVESTMENT GENIUS. Well, yes, it's true that I don't have any stocks or shares or cryptocurrency or real estate or anything really. However when I was 11 years old I put most of the money I earned getting up at 4 am on freezing cold winter mornings selling newspaper and bought stamps. Yes, I confess that I sold the collection perhaps six months later for less than I paid but I learned a valuable lesson. Unfortunately I can't remember what it was but in my own mind I am a brilliant investment adviser. With that, my feelings have been seriously hurt by this response. Nonetheless I will accept a heartfelt apology and if E goretto wishes to compensate me with a sprinkling of Bitcoins I will accept that also.
 

waarmstrong

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What moves the market, among other features, is an abundance of folks who each fancy themself to be the smartest guy in the room.
 
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Davita

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How dare you contradict me. I AM AN INVESTMENT GENIUS. Well, yes, it's true that I don't have any stocks or shares or cryptocurrency or real estate or anything really. However when I was 11 years old I put most of the money I earned getting up at 4 am on freezing cold winter mornings selling newspaper and bought stamps. Yes, I confess that I sold the collection perhaps six months later for less than I paid but I learned a valuable lesson. Unfortunately I can't remember what it was but in my own mind I am a brilliant investment adviser. With that, my feelings have been seriously hurt by this response. Nonetheless I will accept a heartfelt apology and if E goretto wishes to compensate me with a sprinkling of Bitcoins I will accept that also.

Now I can understand where I've been going wrong...I should have listened to our investment guru Harryopal......and done the opposite.:sad::wof:
 

Bad_azz

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& I have less idea than El G , Harry O.
I have been waaaaay too busy to check what is happening in my wallets, the CC & the fiat , alike.

Even on my day off I got descended upon by a friend turning up with 3 people I never met before who wanted to practice English. I have warned the friend that I will chop off his body parts if he does that to me again.
 

snpark

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Always give the hardest job to the laziest person, since they will always find the easiest way to do it
 

Jamu

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I'm curious about the home crypto currency miners in Indonesia, and indeed around the world, with systems seemingly put together with paper clips and bailing wire (sorry, that's clearly an exaggeration but I think you know what I mean). Wouldn't governments like North Korea and mafias like the Russian, Bulgarian, Italian, Chinese etc be able to massively 'out computer' you, given that they can invest in far more, and more powerful and faster, computers? What if the American government, with its massive computing power and unlimited financial resources, decided it wanted to enter the mining space to own lots of crypto currency and thereby manipulate the markets? Can't believe that either of these things aren't happening, so I really wonder if the home mining investment approach is really so sound or well thought out...
 

snpark

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There is only a finite number of bitcoins left to be recovered so after that, who knows what will happen, everyone will try to cash out but then the price will possibly crash. From what I understand, it takes massive amounts of time, energy and computing to get even part of 1 bitcoin. So I am not sure it is feasible for a government to do it just to try and "raise money"
 

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