As a new guy in this world I don't understand these insane swings

Discussion in 'Cryptocurrency Mining and Markets' started by Ch33rios, Jan 16, 2018.

  1. Ch33rios

    Ch33rios Member

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    A couple of weeks ago the news about Korea banning crypto-currency seemed to cause a downward spiral for several days but things bounced back relatively quick. Today or at least the last 24 hours it seems just about everything is down by a notable percentage. This is again because Korea announced pursuing some regulations for crypto currency? Not banning it but regulations? Do people see the headline and just dump it (any coin they have) as fast as possible or something?

    I'm trying to find some TRUSTWORTHY info (even if it is an educated guess...at least it's be educated!) that at least provides insight but there's so much misinformation it's hard to sift through the mess.

    I figured alot of you have been in this game quite a bit longer and might be so inclined to give some insight to the uninitiated :)
     
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  2. amalurk

    amalurk Member

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    China also talked about banning wider swath of exchange activity and regulation comments out of Germany and France too. Also price was up 3x+ in 3 months for BTC, a correction is expected. The US stock market might get at least a mild correction this year too with no tax anticipation left now that it is passed. I think an interesting token is COSS, exchange fee split guaranteed by ethereum smart contracts. Their exchange has serious growth problems right now but they are working on it.
     
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  3. vrod

    vrod Active Member

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    #3
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  4. Joel

    Joel Active Member

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    Hmm, let me see if my crystal ball is working...


    Nope, it's not.
     
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  5. zer0sum

    zer0sum Active Member

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    My 1080ti's are still doing $10+ a day per card, so unless things change even more drastically, then profits are still definitely there.

    Although I really wouldn't mind people dumping their cards :D
     
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  6. poutnik

    poutnik Member

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    I would say that it's impossible to predict ROI on new hardware investment - so I personally would not buy any new hardware just for mining. But it's still profitable to use what hardware you already have. Especially if it's already paid for itself, or if it primarily serves (was bought for) other purpose. If the mined return is above electricity cost, then it is still profitable...
     
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    Last edited: Jan 17, 2018
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  7. Marsh

    Marsh Moderator

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    @vrod

    From the article
    For those who have not lived through this sort of volatility, it’s easy to think that crypto is dead, their investment is gone, and it’s time to move on. For the rest of us who have weathered these storms before, this is just another January.

    For real world situation.
    I ride the bull of Microsoft , Oracle since the late 1980 , Cisco since 1990.
    There were decades of self doubt and fear.
    After 20+ years, I am living off the stock dividend now.

    No one knows , including me.
     
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  8. gigatexal

    gigatexal I'm here to learn

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    i only 'invest' in the *coins with play money because the whole thing hasn't been legitmized. My definition of when that legit status will happen is when you can pay your rent in *coins or something like that.
     
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  9. Klee

    Klee Well-Known Member

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    You can buy from NewEgg using Bitcoin.
     
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  10. gigatexal

    gigatexal I'm here to learn

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    I didn’t know that. But I’m looking and hoping it goes mainstream but if not then no big deal no real money was lost investing in it.


    Sent from my iPhone using Tapatalk
     
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