Topic: Number 9! Ninth altcoin thread. Back to the moon Baby! - page 63. (Read 66403 times)

Made me smile thanks.  When the threadripper first came out the water block heat sinks were smaller than the cpu die. I decided to go big and do the largest air cooler that the heat sink matches the threadripper.

I under clock it to 3000 freq and down volt to  1.05

it lowers earnings and heat. But the trade off makes the gear stable.

Yes monero has seen better days.  I'm still rootin for monero though.  I think it's nice to have coins that are asic resistant and not to mention anonymous. 

Take good care of those TR for me Phil.  LOL  Just the size of those coolers seem comical to me.  I wonder how much strain it puts on the board if you actually put it into a case and have it standing.

Thanks for the Porsche VW history.  That was very interesting and informative.  I remember when Porsche tried to buy out VW but then VW ended up buying out Porsche but I didn't know the back story.  I definitely don't trust the market at all now.

And yes sorry for all the off topic conversations.

People are nuts about Dogecoin, look at their Reddit,

https://old.reddit.com/r/dogecoin/

The main "MEGA THREAD" at the top was created less than 2 hours ago and already over 4000 comments. Another popular thread is titled "When Doge reaches $10 ill have $10000 and give everyone $10".

Can you guys imagine $10 DogeUSD? Basically Bitcoin doesn't need to worry about the flippening by Ethereum its Dogecoin instead.

This definitely won't end well. Only reason why Dogecoin is not pumping right now is because Robinhood crypto disabled it and people are joining other brokers/exchanges but it takes a while for their fiat to hit the exchanges. Next week should be crazy for crypto especially Doge. So don't be dumb like me and try and short it.

New the chip is 1399

 my 2 boards have been good

https://www.amazon.com/gp/product/B08166G8DS/ref=ox_sc_act_title_1?


but the cpu makes $1.50 a day

not sure that mining monero is worth it with that chip.  tr 3960x

I rather have a nvidia 3090 gpu. it earns a lot more and I think would have better resale.

that board and chip are still costly 1399 + 400 = 1800

And I will add to that nice explanation...i'll use VW because its a great example.  Finance is about fucking the other guy over and eating his lunch.  So this guy Wendelin Wiedeking, runs Porsche.  He negociates a contract saying he'll get a bonus worth 1% of the company's (porsche) annual profit.  Long story short, Porsche built up a stake in VW for a variety of reasons over time.  VW was struggling (financial crisis).  Since the german gov owned like 20%, and porshe 30% or so, and they would not sell, only 50% of the company (roughly) was actually buy-able.  The key is over time - As Porche put billions (all its money) into VW stock, its stock price doubled, tripled and kept on rising.  But VW was a terrible company and GM, Chrysler, etc were actually going bankrupt, i.e. stock price = 0.  So a bunch of smart people said: lets make some money.  They as in the apples example, shorted the stock in great numbers.  
Then, a little later, in october? 2008 as people thought VW would crater to 0, as it should (since it was a terrible company going bankrupt), Porsche said :

I haz 42% of the stock.  (and german gov, 20% = 62% total not available to buy)

Also Porsche:  I haz bought 35% of all VW stock in options and we have like 12 billion dollars and we will buy VW out, probably, yolo.  Also fuck you.

So now, all the Hedge Fund brains calculated 42+20+35=97%.  100 - 97 (roughly) = 3%.  I think the actual number was 1.4% out of memory.  So if there were 100 shares short of the stock, there actually was only 1.4 THAT EXISTED TO BE BOUGHT IN THE ENTIRE UNIVERSE.  Ensued a bloodbath, fight to the death between the shorts of universal epic proportions to buy stock.  Those that could not = kill.  Those that could = huge loss.  Price rose up until the Porsche-Hedgefunds Versailles treaty where Porsche allowed them to buy back stock at a certain price, costing them in aggregate 30 billion dollars or so.  Porsche made 10 billion in think.

Irony of the whole thing, is that the financial crisis deepened like crazy and Porsche almost went under too, since they were heavily in debt.  They got bought out by VW later.  But Mr. Wiedeking and his best friend the CFO, with their little diabolical plan, fucked everyone and everything, laughing all the way to the bank.

GME is the same thing.  Imagine a stock trades at 5$.  Its shit, and going to 0$.  We make a bet.  I say, I think the stock will go to 50$ in 3 months.  You say:  yes please.  odds are 1000 to 1.  Who wants to take that bet ?  Literally a lot of people apparently.  Then WSB hyped GME and a bunch of wall street people smelled blood and rushed to buy options and stock.  The positions were so great that THERE ARENT ENOUGH GME SHARES IN THE ENTIRE UNIVERSE TO COVER ALL THE BETS.  The price rose and option sellers had to buy stock since they were in on the bet, 1000 to 1.  Then people said:  GME ? hahaha going to 0 for sure.  And shorted the stock EVEN MORE.  Then WSB WENT FULL AUTISTIC and the rest will be history.  IT IS WAR.

The hedge funds pretend they "covered their positions" but that is most likely a lie.  Then the financial system puked news stories about the whole thing to discourage people from buying.  Then that backfired and they called all their friends and had almost *all* brokerages across North America restrict or deny GME trading to make people sell thinking it will crash (except, of course, for the hedge funds who tried to buy all stock being sold.  Retail investors could ONLY SELL, no buy).  That was playing really dirty and so people flipped their shit and WSB has gone in FULL RETARD mode.  You never go full retard.  Yet, here we are.

You Cannot Make This Shit Up.  Even if I tried, I couldn't.  The war will continue until WSB retards sell and realize gainz (tendies) and all retire (this will not happen), or hedge funds realize their loss (this will also not happen).  Probably Mommy (the gov) will intervene and do something.  Or Gamestop will just issue 100 billion dollars in new shares and crash the price.  But you would need a shareholder vote or something and guess who is shareholding now bitches

edit:  This is what it looks like in business speak
https://www.porsche-se.com/en/news/press-releases/details/news/detail/News/porsche-heads-for-domination-agreement-1
and this is victory agreement
https://www.porsche-se.com/en/news/press-releases/details/news/detail/News/short-sellers-responsible-for-extreme-price-movements-in-volkswagen-ordinary-shares-1
In WSB speech it would be much funnier tho,memes and all
editedit: sorry if this is offtopic

Makes sense that they have a lot more to gain percentage wise with a crypto valued at a penny.  LOL They can now buy more GME with the money they made in Doge.

Thanks.  Pretty scary how the markets are manipulated. I guess this stuff happens all the time with the larger institutions but now that WSB was able to do it really opens your eyes.

We won't see the same gains with Doge that we did with GME simply because there won't be a short squeeze driving the price up. 

An ELI5 explanation of shorting is this:  You think the price apples will fall.  You borrow 100 apples from me and immediately sell them for the current market price of $1.00 each.  After a period of time the price (hopefully) of apples drops to $.50 each.  You buy the 100 apples back at that price and give them back to me.  You have now made 50 cents per apple.  Now what happens if the price of the apples go up to $1.50?  You can wait a longer and hope the price goes back down, or you can take your losses and buy them at a higher price and take a loss.  If you decide to wait, and the price keeps going up  to $2 then $10, then $15, etc. that's when you run into problems.  Eventually I will question your ability to buy back the apples and will demand that you buy them immediately and give them back.  This is known as a margin call.  There are a finite supple of apples.  So if a lot of other people bet that prices were going down they will need to cut their losses and buy back the apples.  All of these people clamoring for the finite supply of apples drives the prices up, as the apples become more scarce.  This is known as a short squeeze.  Hopefully this makes a little sense

The thing to remember is that if you are buying a stock or crypto, the worse that can happen is that it goes to zero and you lose your whole investment.  When you are shorting a stock though, the potential losses are infinite as there is no limit to how high the stock goes.  GME was a perfect storm as it was heavily shorted.  The people who bought the stock en masse were holding on to it refusing to sell, driving the price up higher and higher.

I purchased and mined the 1000000 doge because it had a huge upside due to the price.

The coin is a well backed asic coin. Easy to move value with it.  I did pretty good with it so far.

Nobody was shorting doge, at least before this huge pump in the last 24 hours. The funding rate for Doge was like 0.01% a day which means its in high supply, nobody wanted to borrow it to short it down. Hedge funds can't short Doge because there is no futures for them or anything.

I honestly have no idea why wallstreetbets decided to go all into crypto and why they chose Doge. I understand they are angry at centralized Robinhood and Wallstreet and rather go into crypto which is more decentralized. Why they chose Doge instead of BTC? I don't know. Maybe because its on the Robinhood Crypto app? Maybe its because BTC is $35000 and Dogecoin was like 1 penny and seemed easier to make money off if it pumps.

It's crazy what they did with GME and from what little I understand is that the hedge fund that shorted GME was forced to buy GME at the high price for reasons that I do not fully understand.  Now that they're trying to do the same thing to Doge but I'm not sure how that would work.  I believe there was a hedge fund that shorted Doge as well but there's so much Doge out there I don't see how that can possibly happen.  Of course I've been wrong many times before and I've never been successful in the stock market so I pretty much have no idea what I'm talking about.  I'd love a ELI5 about all this if anybody knows.

people are insane.  they still dont understand anything about GME, net short positions using derivatives, yet they they FOMO into anything so hard its hilarious.  I should get some popcorn.  GME will be the worlds most valuable stock very soon if all goes according to plan, VW 2.0.  Should last a good 30 seconds then back to 10$

it they pump it to a dollar i will make more then 400k

So last night I decided to short some Doge because there is no way it’s going to go above 100 sats. Then added more at 150,200 and 250 and was starting to get nervous. It was a low leverage short but it went up so much that if it did another 4x it would liquidate me.

Then I went on Twitter and saw that some Pornstar ( yes on onlyfans) was pumping dogecoin. Then I decided to cut my losses and exit the short. I don’t want to get caught in another GME 2.0. It’s basically #1 trending on Twitter right now and people are calling for $1 a doge. Which if happens would put its market cap higher than ETH. No way that’s going to happen.

Let me think about that question

Did you Phil have TR 3960X?
Is there anypoint of buying one for mining?
What would be good price and any advice for good mb?

There is one piece at outlet i know ... but not sure if i should pick it up

Where did you find them?  Its still a mystery to me how people are finding cards

Managed to grab 2x Gigabyte Aorus Extreme 3080, they do 101 Mhs on smos with 220 W but you have to keep them under 40 degrees C. 

Congrats for the DOGE!!! 

 Would love to see pictures or video for the 6 slotted motherboard set-up, never seen this motherboard before
Hope you get the solo block!!! best of luck with that!!!

Many thanks!!!