What is everyone's theory on AMD and Nvidia's stock price. Basically today AMD opened at $25 and after their earnings release it tanked all the way to down to $17, basically a 32% intraday loss, which is considered normal for Crypto but for a stock is horrible.
Who here thinks AMD is going to start buying up Cryptos like ETH and XMR to boost sales on their GPU chips next quarter?
Its been a big rumor that when AMD was down last November, they started buying up Cryptos to bring huge demand to their GPUs and by Dec-January cryptos hit new highs and all the GPUs were sold off the shelves.
AMD peaked earlier this year at $34 so its down roughtly 50% while NVIDIA peaked at almost $300 and its currently $200.
So take a stock like NVDA which has a current market cap of $120B and AMD of $20B. Is it cheaper to buy say $1B worth of ETH and cause the price of ETH to go to a new ATH and instead boost the price of their stock by $60B?
What do all the conspiracy theorists conclude?
Without being insulting, I think the people who hold these theories are grossly uninformed. Before I say anything further, I think this needs to be read: http://fortune.com/2018/10/24/tech-stocks-nasdaq-s-and-p-market-correction/
Everything is down. AMD is down because they had weak sales last quarter and they had previously stated mining accounted for 10% of total revenue, that has obviously gone from 10 to 0. They also have a bleaker outlook; No new gaming GPUs and datacenter gpus aren't available yet. Now with that being said, market cap does not equal cash on hand. Market Cap is the total value of all outstanding stocks. AMD does not have a billion dollars laying around to buy ETH with. If they did, they wouldn't buy ETH with it. They manufacture hardware, not invest in crypto.
BCI has only 16 million value
https://coinmarketcap.com/currencies/bitcoin-interest/Market Cap
$16,244,323 USD
2,524 BTC
Volume (24h)
$1,819 USD
0.28 BTC
So a pump is easy peasy. And the 2080 does 24mh which is higher then the 1080ti's 20mh
So to not pump BCI would be bad business for NVIDA.
If the price went from 88 cents to 20 dollars 2080s will fly off the shelfs
Since exchange handle was so tiny I am stunned this is yet to happen.
I won't say nsummy is wrong
I won't say adaseb is close to correct in an ETH pump
I will say pumping BCI is childs play so my guess is mine BCI and hope I am correct.
What value does BCI have? It uses progpow which favors RTX 2080 which means NVIDA should pump it to sell their new 2080's.Yeah that is how a gpu algo favored coin has value it can boost the sales of gpu's this a simple economic fact.
XMR tried by making new algo but it has a ton of value so a pump costs $$
ETH may go progpow but a pump costs $$$$
BCI is progpow and a pump is so fucking easy to do it is something I could do. I could spend 20,000 usd and boost its price close to 2 dollars.
I'm still very surprised to see how bullish you are on BCI, you seem more bullish on this than anything I've read from you in the past. Normally your strategy is a bit more diverse and reserved.
This isn't criticism or anything, just interesting to see