WYP
News Guru
The Value of the world's cryptocurrencies has dropped by $400 billion.
Read more about the value of the Cryptocurrency market.
Read more about the value of the Cryptocurrency market.
Last edited:
The Cryptocurrency market cap has halved within the past month
- Thread starter WYP
- Start date
scubasteve
Member
Come on baby scuba needs a new GPU !!
I hope this major disaster kills the idea of many people to invest large amounts of money that they cannot live without.
You MUST NOT INVEST MONEY that you can't afford losing. This is the rule of the thumb. I've seen people getting credits to buy like 12 GPU's even watching that the cryptomarket is going down quite hard.
There are so many people scared outthere of losing all, that in arround 5 days, the network hashing rato of Ethereum has gone from 170.000 to 197.000 Gh/s. Are people crazy AF??
You MUST NOT INVEST MONEY that you can't afford losing. This is the rule of the thumb. I've seen people getting credits to buy like 12 GPU's even watching that the cryptomarket is going down quite hard.
There are so many people scared outthere of losing all, that in arround 5 days, the network hashing rato of Ethereum has gone from 170.000 to 197.000 Gh/s. Are people crazy AF??
TheF34RChannel
New member
is all
AlienALX
Well-known member
A fool and his money are easily parted.
Perhaps you don't realize how it works.
There was a post on Reddit that gave a good explanation. When the price drops, this is actually the time to buy up all the GPU's for example.
A guy spent around $125k on motherboards, cpu's and GPU's back when bitcoin was sitting at around $5k. In a 3 month window, thanks to it sky rocketing, he hit his ROI and made instant and crazy profit.
I don't mine, and the mining industry sucks at the moment as it's affecting the rest of us who just want to game or have nice work station. But the honest fact is, when you see the price start to drop like this, that's when everyone is going to start to buy up hardware like mad. As soon as it goes back up, they will hit that ROI fast as .
Falling pricing on crypto currencies sucks, and you need to realize that. Lower value = best chance to hit ROI fast as .
There was a post on Reddit that gave a good explanation. When the price drops, this is actually the time to buy up all the GPU's for example.
A guy spent around $125k on motherboards, cpu's and GPU's back when bitcoin was sitting at around $5k. In a 3 month window, thanks to it sky rocketing, he hit his ROI and made instant and crazy profit.
I don't mine, and the mining industry sucks at the moment as it's affecting the rest of us who just want to game or have nice work station. But the honest fact is, when you see the price start to drop like this, that's when everyone is going to start to buy up hardware like mad. As soon as it goes back up, they will hit that ROI fast as .
Falling pricing on crypto currencies sucks, and you need to realize that. Lower value = best chance to hit ROI fast as .
NeverBackDown
AMD Enthusiast
That's also assuming it will go back up. It's a risk. You play it like a stock. That's essentially what it is.
i quite frankly disagree. These are my reasons.
1º it would be intelligent to buy hardware if prices go down, but that is not happening any time soon, so hitting ROI at current prices is VERY difficult.
2º if people buy hardware like mad, without caring about cryptocurrency market, in chase for "free money doing nothing", what you are actually doing is:
a) increasing the difficulty of all the others by putting GH/s which leads to less profit for all.
b) reducing the amount of available hardware, which also leads to shortage and increased prices, which btw will also increase time till ROI.
3º probably the dumbest (not you, but people who do it), is to believe that if a cryptocurrency is going down by 25% this means that it will be back hitting records. Noone that thinks like this has never had any idea of how things in economical work. Not to comment the fact that cryptocurrency has lost almost have of the money it was worth, which also means that the people with money, ACTUALLY THE PEOPLE WHO USE THAT COIN FOR SOMETHING THAT GIVES THE COIN A VALUE, have left it, so we are left with a coin that has nothing behind to back it up.
the people that are buying hardware just now, are straight forward ignorants, stupids or retardeds, since cryptomarket is being killed by those that enter without any care, just in the hunt of free money not even having done the maths to see it's stupid to enter right now due to volatility. they are entering with even very little profit and by the way destroying all the others.
If you are buying hardware gpu's at current prices, you will need, at least, 6 months right now to get ROI (that's considering certain stability).
You want more? well, Casper is about to enter ETH, since many people have entered in the past month. With numbers. In mid december, ETH network hashrate was about 130.000GH/s. today, we are already at 202.000GH/s and a difficulty of 2,7. People are killing ETH.
ETH will switch to PoS in a few months, and all those stupids s that entered this, will get rekt.
NeverBackDown
AMD Enthusiast
Bubbles have a habit of recurring. It may totally burst and flop but it will come back. And because it's popularity is much higher I bet it will climb just as fast if not faster next time.
TheF34RChannel
New member
Unless banned this is what the future will look like with prices to match.
NeverBackDown
AMD Enthusiast
Especially with the new transaction technology they are making to help increase the speed and security of transactions (because current system is woefully unscalable) it will only increase people's wants to invest in cryptocurrency because you have faster selling transactions which means you get money faster closer to the price you sold at.
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