VegetaCreeper
CLASSIFIED Member
- Total Posts : 2944
- Reward points : 0
- Joined: 2007/08/04 14:49:14
- Status: offline
- Ribbons : 9
Be The change in the World you want to seeUse my associate code if you want to save money on your purchases : DIC39SVDZOR8D11
|
knightsilver
Omnipotent Enthusiast
- Total Posts : 9430
- Reward points : 0
- Joined: 2008/11/21 13:42:06
- Location: Nebraska
- Status: offline
- Ribbons : 14
Re: Bitcoin took another big loss today
2018/02/05 00:24:29
(permalink)
|
Hoggle
EVGA Forum Moderator
- Total Posts : 10084
- Reward points : 0
- Joined: 2003/10/13 22:10:45
- Location: Eugene, OR
- Status: offline
- Ribbons : 4
Re: Bitcoin took another big loss today
2018/02/05 00:26:27
(permalink)
It looks like the UK has banned trading using credit cards as of Monday. http://www.bbc.com/news/business-42940728 Looks like the major reason is Bitcoin was worth $19,000 in November and now it's worth $7,000. The fear is people won't pay the bills and the credit card company will be stuck with major debt.
post edited by Hoggle - 2018/02/05 01:05:20
|
20219348762341
FTW Member
- Total Posts : 1289
- Reward points : 0
- Joined: 2013/12/21 21:26:25
- Status: offline
- Ribbons : 2
Re: Bitcoin took another big loss today
2018/02/05 07:04:50
(permalink)
Hoggle It looks like the UK has banned trading using credit cards as of Monday. http://www.bbc.com/news/business-42940728 Looks like the major reason is Bitcoin was worth $19,000 in November and now it's worth $7,000. The fear is people won't pay the bills and the credit card company will be stuck with major debt.
Wow! that's a big drop
|
Doomed83
Superclocked Member
- Total Posts : 139
- Reward points : 0
- Joined: 2018/02/01 09:06:36
- Status: offline
- Ribbons : 3
Re: Bitcoin took another big loss today
2018/02/05 07:26:27
(permalink)
Pretty sad that the banks have to make regulations like this simply because people aren't smart enough to know not to buy such a volatile investment on credit. Hopefully this is good news for GPU prices and stock though.
|
ty_ger07
Insert Custom Title Here
- Total Posts : 21159
- Reward points : 0
- Joined: 2008/04/10 23:48:15
- Location: traveler
- Status: offline
- Ribbons : 270
Re: Bitcoin took another big loss today
2018/02/05 07:33:59
(permalink)
To be fair, investing on credit is extremely unwise and desperate. The rich who can afford to invest do not invest on credit. Only the poor who cannot afford to invest would do such a thing; and they are the ones who would be the least resilient after failure. Smart move to restrict investments on credit, in my opinion.
ASRock Z77 • Intel Core i7 3770K • EVGA GTX 1080 • Samsung 850 Pro • Seasonic PRIME 600W Titanium My EVGA Score: 1546 • Zero Associates Points • I don't shill
|
20219348762341
FTW Member
- Total Posts : 1289
- Reward points : 0
- Joined: 2013/12/21 21:26:25
- Status: offline
- Ribbons : 2
Re: Bitcoin took another big loss today
2018/02/05 07:50:15
(permalink)
ty_ger07 To be fair, investing on credit is extremely unwise and desperate. The rich who can afford to invest do not invest on credit. Only the poor who cannot afford to invest would do such a thing; and they are the ones who would be the least resilient after failure. Smart move to restrict investments on credit, in my opinion.
And that is so true. You have money of hand, its the way to go, otherwise who would want to take the risk of lousing in any shape or form
|
Cool GTX
EVGA Forum Moderator
- Total Posts : 30907
- Reward points : 0
- Joined: 2010/12/12 14:22:25
- Location: Folding for the Greater Good
- Status: offline
- Ribbons : 122
Re: Bitcoin took another big loss today
2018/02/05 07:52:57
(permalink)
the yo-yo effect of a commodity that's value is not supported by any real substance but speculation Repeat of 2000 Dot Com bubble ? or Enron ? very Expensive " pet rocks" IMO you remember that nonsense -- made the advertising executive some money though --> $6Million in sales
|
20219348762341
FTW Member
- Total Posts : 1289
- Reward points : 0
- Joined: 2013/12/21 21:26:25
- Status: offline
- Ribbons : 2
Re: Bitcoin took another big loss today
2018/02/05 08:15:28
(permalink)
Cool GTX the yo-yo effect of a commodity that's value is not supported by any real substance but speculation Repeat of 2000 Dot Com bubble ? or Enron ? very Expensive "pet rocks" IMO you remember that nonsense -- made the advertising executive some money though --> $6Million in sales
Wow! How do you see Bitcoin in near future? Tbh, from capitalistic point and the way government watches the way money come and goes, you know how many ppl are in pen because of some sort of frauds, even thou this is not regulated and for now the ownership is solely on anyone who does cryptocurency, just a matter of time someone will put brakes to that one way or another
|
Mosesal
New Member
- Total Posts : 62
- Reward points : 0
- Joined: 2018/01/20 08:47:05
- Status: offline
- Ribbons : 0
Re: Bitcoin took another big loss today
2018/02/05 08:46:52
(permalink)
Would think governments implement their own form of cryptocurrency, that they control and regulate, and also tax accordingly. Perhaps NatoCoin or UnCoin (United Nations!). You know, I'm just talking rubbish here...!
|
Cool GTX
EVGA Forum Moderator
- Total Posts : 30907
- Reward points : 0
- Joined: 2010/12/12 14:22:25
- Location: Folding for the Greater Good
- Status: offline
- Ribbons : 122
Re: Bitcoin took another big loss today
2018/02/05 08:54:53
(permalink)
People have made money - If they sold for more than it cost them to generate, after Taxes of course IMO when you sell is very important because there is no real support or Tangible assets - could go $10 one second & 1 Million the next or $0.00 = Enron The whales can "control" the value with ease --> Pump & Dump I have chosen Not to support cryptocurrency with all the fees in the process, delays in receiving it, and Mostly because --> the Valuation is backed by SMOKE and Mirrors. I have absolutely no need for "untraceable purchasing power" I'll do my gambling in the Stock / investment markets with Tangible assets and regular dividend
|
bdary
Omnipotent Enthusiast
- Total Posts : 10308
- Reward points : 0
- Joined: 2008/04/25 14:08:16
- Location: Florida
- Status: offline
- Ribbons : 116
Re: Bitcoin took another big loss today
2018/02/05 15:05:59
(permalink)
Cool GTX People have made money - If they sold for more than it cost them to generate, after Taxes of course IMO when you sell is very important because there is no real support or Tangible assets - could go $10 one second & 1 Million the next or $0.00 = Enron The whales can "control" the value with ease --> Pump & Dump I have chosen Not to support cryptocurrency with all the fees in the process, delays in receiving it, and Mostly because --> the Valuation is backed by SMOKE and Mirrors. I have absolutely no need for "untraceable purchasing power" I'll do my gambling in the Stock / investment markets with Tangible assets and regular dividends
+1. You got that right...
|
ty_ger07
Insert Custom Title Here
- Total Posts : 21159
- Reward points : 0
- Joined: 2008/04/10 23:48:15
- Location: traveler
- Status: offline
- Ribbons : 270
Re: Bitcoin took another big loss today
2018/02/05 16:39:14
(permalink)
+2 Bitcoin is still dropping like a rock.
ASRock Z77 • Intel Core i7 3770K • EVGA GTX 1080 • Samsung 850 Pro • Seasonic PRIME 600W Titanium My EVGA Score: 1546 • Zero Associates Points • I don't shill
|
fearpoint
CLASSIFIED Member
- Total Posts : 3184
- Reward points : 0
- Joined: 2006/12/16 21:53:57
- Status: offline
- Ribbons : 3
Re: Bitcoin took another big loss today
2018/02/05 18:58:14
(permalink)
Oh no, the fiat currency is doing the expected...... oh no.....
|
Cool GTX
EVGA Forum Moderator
- Total Posts : 30907
- Reward points : 0
- Joined: 2010/12/12 14:22:25
- Location: Folding for the Greater Good
- Status: offline
- Ribbons : 122
Re: Bitcoin took another big loss today
2018/02/07 19:10:52
(permalink)
THIS Most cryptocurrencies will crash to zero, Goldman Sachs says (excerpt) - Most cryptocurrencies are likely to fail with their value falling to zero, Goldman Sachs said in a note.
- The investment bank compared the current market to the "internet bubble of the late 1990s."
- Steve Strongin, head of Goldman Sachs global investment research, said that most cryptocurrencies are unlikely to see their recent peaks again.
The Goldman research note comes after a violent sell-off in the cryptocurrency market over the past few days, which at its lowest point on Tuesday, saw over $550 billion of value wiped off the market. Bitcoin even dipped below $6,000 for the first time since November. also THIS --> smoke and mirrors Bitcoin Crash: Is It Time To Get Out? (excerpt) Third - it's a volatile space. One of the issues that the cryptocurrency space is currently dealing with is an influx of fake reports and media that can dramatically alter the price of cryptocurrencies in a matter of hours. Often, this information quickly disseminates through cryptocurrency communities on Twitter and Facebook, which leads to buyer's selling off and the price dropping - even if the news has been computer-generated by a bot in China. The market is just that volatile. It's so volatile that since I started writing this article, Bitcoin is already mounting a mini-comeback - up around USD$1000 (and now back down $300 [it never ends!]) and THIS As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to Surface (excerpt) The scale of those problems is starting to become clear as digital tokens have slid more than 50 percent in value from their peaks in early January, with steep drops on Monday pushing the value of Bitcoin specifically below $7,000. Hackers draining funds from online exchanges. Ponzi schemes. Government regulators unable to keep up with the rise of so-called cryptocurrencies. Signs of trouble have appeared at nearly every level of the industry, from the biggest exchanges to the news sites and chat rooms where the investment frenzy has been discussed. On Tuesday, the leaders of the two main regulatory agencies in the United States that oversee the technology, the Securities and Exchange Commission and the Commodity Futures Trading Commission, are to testify before the Senate banking committee about their efforts to police virtual currency markets. In the past two weeks, both have brought major cases, but people in the young industry said regulators had barely made a dent. (excerpt) “Cryptocurrencies are almost a perfect vehicle for scams,” said Kevin Werbach, a professor at University of Pennsylvania’s Wharton School. “The combination of credulous buyers and low barriers for scammers were bound to lead to a high level of fraud, if and when the money involved got large. The fact that the money got huge almost overnight, before there were good regulatory or even self-regulatory models in place, made the problem acute.”
|
ARisingDragon
New Member
- Total Posts : 98
- Reward points : 0
- Joined: 2018/01/18 21:12:29
- Status: offline
- Ribbons : 0
Re: Bitcoin took another big loss today
2018/02/12 22:56:23
(permalink)
|
TCT1911
Superclocked Member
- Total Posts : 103
- Reward points : 0
- Joined: 2018/01/23 08:03:27
- Status: offline
- Ribbons : 0
Re: Bitcoin took another big loss today
2018/02/14 08:21:05
(permalink)
Most currencies are headed back up. All the negative talk is from people who have something to loose. Nobody is motivated to say anything unless it effects them. Power/Control and money are the motivators. When you realize this; It all makes sense why people say what they say.
|
bcavnaugh
The Crunchinator
- Total Posts : 38977
- Reward points : 0
- Joined: 2012/09/18 17:31:18
- Location: USA Affiliate E5L3CTGE12 Associate 9E88QK5L7811G3H
- Status: offline
- Ribbons : 282
Re: Bitcoin took another big loss today
2018/02/14 09:32:15
(permalink)
ARisingDragon We can only hope. :)
That is stops altogether?
|
ty_ger07
Insert Custom Title Here
- Total Posts : 21159
- Reward points : 0
- Joined: 2008/04/10 23:48:15
- Location: traveler
- Status: offline
- Ribbons : 270
Re: Bitcoin took another big loss today
2018/02/14 09:47:44
(permalink)
Even though I think that cryptocurrencies have some big problems, are going to see some tough times, are bad for.the environment, are over-valued and grew too fast to be sustainable, I invested a small amount into XBT (BTC) and XMR when prices were low. I am seeing good gains at the moment. Hypocrite!
ASRock Z77 • Intel Core i7 3770K • EVGA GTX 1080 • Samsung 850 Pro • Seasonic PRIME 600W Titanium My EVGA Score: 1546 • Zero Associates Points • I don't shill
|
bcavnaugh
The Crunchinator
- Total Posts : 38977
- Reward points : 0
- Joined: 2012/09/18 17:31:18
- Location: USA Affiliate E5L3CTGE12 Associate 9E88QK5L7811G3H
- Status: offline
- Ribbons : 282
Re: Bitcoin took another big loss today
2018/02/14 09:49:36
(permalink)
And also killed other Markets at the same time.
|
fearpoint
CLASSIFIED Member
- Total Posts : 3184
- Reward points : 0
- Joined: 2006/12/16 21:53:57
- Status: offline
- Ribbons : 3
Re: Bitcoin took another big loss today
2018/02/14 14:23:11
(permalink)
TCT1911 Most currencies are headed back up. All the negative talk is from people who have something to loose. Nobody is motivated to say anything unless it effects them. Power/Control and money are the motivators. When you realize this; It all makes sense why people say what they say.
You just perfectly described the ponzi scheme of crypto currency with an incredibly poor defense of it. The people invested in it can only positively talk about it in the hope of encouraging others to give it value. Without people largely buying into it, it has no value. It's an unregulated manipulated market based entirely upon perceived value with no legitimate backed value. Whereas stocks and traditional currency is backed up with some form of physical value. When participants attempt to defend it their motivations are incredibly transparent to the point of comedy. It's why there was a big drop in value once seemingly out of nowhere the magic money currency was being reported all over the place. A lot of wealthy people got more wealthy because of how easily it is to manipulate it's non value while portraying to the average person they can turn electricity into money. This currency was literally designed by and for criminals for the purpose of money laundering and won't last.
|
GiaVu
New Member
- Total Posts : 87
- Reward points : 0
- Joined: 2018/02/17 01:48:40
- Location: USA
- Status: offline
- Ribbons : 0
Re: Bitcoin took another big loss today
2018/02/17 03:19:24
(permalink)
All the crypto coin should take more loss. They do nothing other than create fake demands, wasting electricity for nothing.
|
mike406
SSC Member
- Total Posts : 904
- Reward points : 0
- Joined: 2015/02/21 18:17:33
- Status: offline
- Ribbons : 13
Re: Bitcoin took another big loss today
2018/02/17 17:45:14
(permalink)
GiaVu All the crypto coin should take more loss. They do nothing other than create fake demands, wasting electricity for nothing.
If you can't beat em, may as well join em. I started mining with my 980 Ti and I've collected about $40 current value in a few weeks of doing it on and off.
|
evgapcbuilds
New Member
- Total Posts : 96
- Reward points : 0
- Joined: 2018/02/17 15:48:13
- Status: offline
- Ribbons : 0
Re: Bitcoin took another big loss today
2018/02/17 17:58:38
(permalink)
fearpoint
TCT1911 Most currencies are headed back up. All the negative talk is from people who have something to loose. Nobody is motivated to say anything unless it effects them. Power/Control and money are the motivators. When you realize this; It all makes sense why people say what they say.
You just perfectly described the ponzi scheme of crypto currency with an incredibly poor defense of it. The people invested in it can only positively talk about it in the hope of encouraging others to give it value. Without people largely buying into it, it has no value. It's an unregulated manipulated market based entirely upon perceived value with no legitimate backed value. Whereas stocks and traditional currency is backed up with some form of physical value. When participants attempt to defend it their motivations are incredibly transparent to the point of comedy. It's why there was a big drop in value once seemingly out of nowhere the magic money currency was being reported all over the place. A lot of wealthy people got more wealthy because of how easily it is to manipulate it's non value while portraying to the average person they can turn electricity into money. This currency was literally designed by and for criminals for the purpose of money laundering and won't last.
That’s so true. I used to shill cryptos too but only so I could make money. It’s pretty much a ponzi scheme/a form of gambling.
|
Nereus
Captain Goodvibes
- Total Posts : 18874
- Reward points : 0
- Joined: 2009/04/09 20:05:53
- Location: Brooklyn, NYC.
- Status: offline
- Ribbons : 58
Re: Bitcoin took another big loss today
2018/02/17 20:37:38
(permalink)
I hope they all burn in bankruptcy jail. The entire bitcoin setup has allowed a huge amount of illegal activity to go on for years, apparently including human trafficking, drugs, guns, stolen goods trafficking etc etc., not to mention the more recent bs with GPU supply and even these forums being inundated with miners looking for MOAR GPU!!! Going to be lmao when IRS is able to track those who made a killing on this and then send them a big fat tax bill, with interest and penalties for failing to disclose it.
|
Nereus
Captain Goodvibes
- Total Posts : 18874
- Reward points : 0
- Joined: 2009/04/09 20:05:53
- Location: Brooklyn, NYC.
- Status: offline
- Ribbons : 58
Re: Bitcoin took another big loss today
2018/02/17 20:38:40
(permalink)
mike406
GiaVu All the crypto coin should take more loss. They do nothing other than create fake demands, wasting electricity for nothing.
If you can't beat em, may as well join em. I started mining with my 980 Ti and I've collected about $40 current value in a few weeks of doing it on and off.
and how much bigger is your power bill as a result? lol
|
nachofoot
New Member
- Total Posts : 25
- Reward points : 0
- Joined: 2018/01/30 07:04:03
- Status: offline
- Ribbons : 0
Re: Bitcoin took another big loss today
2018/02/18 08:41:02
(permalink)
Nereus
mike406
GiaVu All the crypto coin should take more loss. They do nothing other than create fake demands, wasting electricity for nothing.
If you can't beat em, may as well join em. I started mining with my 980 Ti and I've collected about $40 current value in a few weeks of doing it on and off.
and how much bigger is your power bill as a result? lol
He doesn't add that in to the calculation, rofl. He also doesn't add in transaction fees to convert his cryptoasset into USD.
|
mike406
SSC Member
- Total Posts : 904
- Reward points : 0
- Joined: 2015/02/21 18:17:33
- Status: offline
- Ribbons : 13
Re: Bitcoin took another big loss today
2018/02/18 08:45:36
(permalink)
Nereus
mike406
GiaVu All the crypto coin should take more loss. They do nothing other than create fake demands, wasting electricity for nothing.
If you can't beat em, may as well join em. I started mining with my 980 Ti and I've collected about $40 current value in a few weeks of doing it on and off.
and how much bigger is your power bill as a result? lol
Not by too much, probably like 10 bucks. It's just one GPU and it's not 24/7 "lol" nachofoot
Nereus
mike406
GiaVu All the crypto coin should take more loss. They do nothing other than create fake demands, wasting electricity for nothing.
If you can't beat em, may as well join em. I started mining with my 980 Ti and I've collected about $40 current value in a few weeks of doing it on and off.
and how much bigger is your power bill as a result? lol
He doesn't add that in to the calculation, rofl. He also doesn't add in transaction fees to convert his cryptoasset into USD.
No, I didn't include the power bill in the calcuation, because it was a quick post for brevity on an internet forum "rofl" And I'm not converting to USD yet, I'm leaving it in alt coins for now. Keep your sarcasm and and assumptions to yourself. It's not a good look on anyone. I swear, people are so annoying, always gotta be jumping in on petty [TOS Removed] because we're all anonymous here. [Edit Cool GTX - TOS - language removed]
post edited by Cool GTX - 2018/02/18 09:00:40
|
Cool GTX
EVGA Forum Moderator
- Total Posts : 30907
- Reward points : 0
- Joined: 2010/12/12 14:22:25
- Location: Folding for the Greater Good
- Status: offline
- Ribbons : 122
Re: Bitcoin took another big loss today
2018/02/18 08:55:22
(permalink)
temp lock for review Unlocking Everyone is entitled to have: a different point of view, experience, expectations ..... ---> EVGA Forums Terms of Use ---> MUST be Followed at ALL Times (excerpt) Forum Etiquette Members are expected to treat each other with respect, and be courteous of each other's opinions and advice, regardless of his or her relative experience.
Although lively discussion is encouraged among members, there are seven things that will not be tolerated: (Italic, underline added Cool GTX) - Inappropriate Language - The EVGA forums are family-friendly. Many members have children who also view these forums, and these forums are intended to be accommodating to them, as well. Profanity is not permitted in pictures or posts on the forums and will earn a warning if posted. Discussion of bodily functions, whether vulgar or humorous, is inappropriate for these forums. Moreover, using acronyms or censoring the word by use of characters to mask profanity or other inappropriate language will not be tolerated. This applies to text, pictures, videos, or any external links contained in a post. Finally, users whose usernames containing inappropriate language or references to illegal activity will be given a chance to change their username, or it will be changed for them.
- Personal Attacks - Personal attacks often lead to the trading of insults, and can throw the discussion of a legitimate topic off-track. Personal attacks can be defined as issuing a single or repeated personal attack or attacks aimed at another member, rather than at their opinions or ideas. Criticizing a member's post is not considered a personal attack, but using terms such as "child," "idiot," "fanboy," for example, or any other derogatory term designed to discredit a member, is not permitted. Furthermore, comments of a racist or sexist nature, as well as derogatory comments about national origin or sexual orientation, will be dealt with harshly as in a ban from the forums.
- Trolling - Trolling can be defined as when a member posts inflammatory, extraneous, or off-topic messages with the primary intent or consequence of provoking other users into an emotional response or of otherwise disrupting normal on-topic discussion. Trolling can also be accomplished by harassing another member by following them through various threads, creating threads directed at another member or group of members, or intentionally creating the same thread in various forums despite being warned or told to post in the correct forum. Members who feel they are being "trolled" should contact a moderator immediately, as this is the only effective way to prevent this behavior.
post edited by Cool GTX - 2018/02/18 09:06:39
|
norrisb
Superclocked Member
- Total Posts : 103
- Reward points : 0
- Joined: 2018/02/18 13:25:58
- Status: offline
- Ribbons : 0
Re: Bitcoin took another big loss today
2018/02/18 14:24:32
(permalink)
CoolGTX, I apologize for my recent posts. I think crypto currency's are here to stay, they are a major improvement on conventional money because you don't have the federal reserve/government printing money making the money worth less, there is a set number of coins and they should maintain a relatively constant value. McAffee thinks bitcoins should make 50,000-100,000 mark in the next year. I don't think development hurts bitcoin that much, creditors don't like you coverting your credit balance to cash either they prefer purchases.
|