Topic: GPU mining will die in 2018! - page 18. (Read 16909 times)

Anyone selling ETH right now is a fucking idiot.  Just saying.  ETH is soooooo low.  Keep those buy orders staggered on the down turn.  It's not rocket science.

Thats one way of looking at it  Everything is "on sale" right now

hehe, you have to be very strong as we all see the thing crashing and crashing further, and yes long term up to 6 years down the line.

^^^

Thanks for the insight. And yeah I'm referring to the market as a whole cause everything moves with BTC. And yeah I'm not selling anything on my portfolio because I'm betting long Term and also at this point I'm so far from ROI (bought at the end of last year at the last batch of retail prices lol) that selling now will just be pennies on the dollar.

HODL! 🤓 LMAO.

It's brutal today. Market is on full panic mode. I don't take it personal tho, all serves as inspiration for my crypto meme Instagram page.

Is not only eth, everything is crashing and looking at the graph, this has been a huge manipulation, the date it started coincides to the same day the pump on 2013 started, so is the same people, dumping everything and then will buy it cheaper and pump again in few days. If you have eth do not sell it cause these manipulators will start pumping all very soon.

Well Mr. Market ain't buying on that hype.  There's a Carnage currently.

Just picked up some sub $400 ETH today.  Everything is "on sale" right now. 

POS may be last quarter this year
Fees: lightning implementation for BTC, we'll see.
Big companies, already started: some luxury brands are using vechain, ethereum being accepted by www.grosbill.com (through email quote), carrefour (>100 billion USD income) is starting using ethereum blockchain for food traceability...

Low based on what? Value? Last time I checked, the only thing I see is disruption caused by the media and regulators but in terms of innovation of magnitude that shakes the market creating a different landscape in which smart and big money can buy because there is an "opportunity", sorry I'm not seeing any. Sure there's a lot of technological jargon being throwing around but nothing that the mainstream , average or smart money would ever care for.

When is ETH gonna go POS?
When are fees and time for the transactions of BTC going to be reduced?
Has any blue Chip tech company absorbed crypto in a way that will provide innovation that will be practical and useful? Because sure people some people wanna be anarchists but at the same time wanna be rich and those things are no positively correlated.

Im not being rethorical or attacking I'm just putting these questions out there so I can get your opinion.

I personally think that the only way this bearish trend fades is if "smart money" identifies an opportunity to capitalize and profit. That huge momentum that drove that massive uptrend to 20K was in a time in which financial markets had a such low volatility that they even have to develop derivatives like the Daily Inverse VIX Short-Term ETN or ProShares Short VIX Short-Term Futures ETF to get something going on. So I just wonder why during those times of low volatility we had such a monstrous momentum on the crypto market? Do I really think all that money pouring into crypto was from retail, average Joe's like myself, HODLERS, etc ? I don't think so.

Raven fall down today. And speaking frankly a hardly see if it usefull at all. What is it advantage?

People do these mistakes, or they want to buy very low which the price never gets to and when they buy it then they want to sell very high, two common mistakes. Well people will have to buy at some point cause is already very low.

I purchase some coin today  I will  see if  I buy some tomorrow.

So true.

Indeed but it's not just the Asics, crypto as whole being heavily under fire by the media and regulators and if you combine that with the instability of equity markets at the moment just magnifies the issue. Some might see crypto as a "currency" but as of right now it is just a trade able asset and as risk appetite is diminishing ATM cryptos are just falling along the trend with X10 volatility.

It is definitely a mistake to sell if you're at a loss and you believe in the market for the long term and this momentum will definitely separate the ones in pursuit for yield vs the ones who believe in Crypto. And you will also see how powerful are each group which by the significant loss in market cap well know how strong that crowd is.

Well asic is really a big problem, the real reason all crashed is because of asics. ETH already crashed 300%, dont think it will crash further, now only pumps and pumps till eth hit $3k but first for that to happen there will be a very good news and then boom and the good news will be soon.

People are doing a mistake for selling at this price.

I pay US$0.22Kwh so it's definitely not profitable for me at current market conditions, conditions which goes to show how weak "HODL" mentality market participants are.

It sure does not look good at the moment. I expect a high price for ethash asics. Seems like the repeat of 2014. when GPU mining also died. Maybe there will be another good coin to mine, we will see

Well there is no way to know how many eth coins the asic will mine, so buying such coin right now is shooting yourself, reason eth is crashing. Why pay for eth $400 right now while you can buy asic generated eth coins for $50? That is what investors think ehhe

It will be fun cause, also the more investors hold their money the more they might be losing a great opportunity cause I'm shooting a maximum of $8k for eth by the end of this year.

He means that Raven is doing better than ZEC profitability-wise. You get more $$$/btc for your hashrate than mining ZEC. (for now) It doesn't mean Raven is a better coin. (maybe it is but its not what he is saying.)

Raven only has a few months of history and the main idea of it to stay as decentralized as possible by keeping ASICs out. Equihash coins also do share the same point of view but after Ethash got cracked many people started to think "What if Equihash also was infested by Bitmain's filth?" so people started look for a coin which is completely ASIC resistant...