Thanks Elon you screwed us

Epyon

Gawd
Joined
Oct 25, 2001
Messages
928
Tesla announced in an SEC filing Monday that it has bought $1.5 billion worth of bitcoin.

2020 will never end.


I will not be able to get rid of this 2080 for octane render till 2022 it seems.
 

exlink

Supreme [H]ardness
Joined
Dec 16, 2006
Messages
5,955
This could very likely cause a domino effect that will have no end in sight. BTC jumped nearly $4K in value as soon as the announcement was made. If other major companies jump in on the bandwagon expect the value to skyrocket further and even more mining operations to open to try and get in on it. At that point it could potentially be years before things level off.
 
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sk3tch

[H]ard|Gawd
Joined
Sep 5, 2008
Messages
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The year of crypto. Lots of people outside of Elon screwed "us" long before this happened. $100K/coin BTC by year end!
 

HockeyJon

[H]ard|Gawd
Joined
Dec 14, 2014
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Whatever. I started going through my steam backlog, playing some classics with the limited gaming time I have these days. My 1070Ti will be perfectly fine for a while yet. I’ll do the same thing I did last crypto boom; just wait it out.
 

undertaker2k8

[H]ard|Gawd
Joined
Jul 25, 2012
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1,485
Musk is one of the biggest a*******s on the planet. Once you get big enough, doesn't matter if you openly manipulate the market day in day out. And he is greasing both sides of the political spectrum so don't expect this to change anytime soon.
 

NKD

[H]F Junkie
Joined
Aug 26, 2007
Messages
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Man I was all for Musk and his planet loving initiative. But the dude is seriously an asshole. He has totally changed from his early days. The dude used to be more humble but the more money he got the more he changed. Even trying to pump dogecoin all over his Twitter.

I pretty much hate the dude now. He is totally the opposite of what I remember before he got so popular. I guess money does change lot of people.

Now don’t mistake me. I have crypto and my portfolios is 6x the amount since last year. But doesn’t change the fact musk is all about himself these days.
 
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NKD

[H]F Junkie
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I'm quite happy of that news. My crypto holdings made me a much happier man this morning.

Me too but doesn’t change the fact that musk is one big asshole. The dude uses his platform to pump shit coin name dogecoin lol. He probably couldn’t talk about bitcoin so he doesn’t get in trouble with sec. I can pretty much guarantee that he will because he just loves using his platform for pump and dump now. I don’t even recognize the new Elon lol.
 

hajalie24

[H]ard|Gawd
Joined
Dec 22, 2010
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I really think all this crypto hate is unfounded...

I don't believe it's still worth mining it with GPUs. Even the shortage existed back when crypto was at a MUCH lower price.

Back in July before the 3xxx cards were released GPUs were dirt cheap, I know cause I tried selling my 1080 ti in advance and get the 3080. 2 months on eBay and no bites - until the 3080 was nowhere to be found and suddenly interest in my ebay listing grew tremendously. I ended up jacking up the price and it still sold leaving me without a GPU for 2 months...

Yes, as a previous miner from litecoin/ethereum days in 2013/2017 I am very happy....
 

HockeyJon

[H]ard|Gawd
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Dec 14, 2014
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Man I was all for Musk and his planet loving initiative. But the dude is seriously an asshole. He has totally changed from his early days. The dude used to be more humble but the more money he got the more he changed. Even trying to pump dogecoin all over his Twitter.

I pretty much hate the dude now. He is totally the opposite of what I remember before he got so popular. I guess money does change lot of people.

Now don’t mistake me. I have crypto and my portfolios is 6x the amount since last year. But doesn’t change the fact musk is all about himself these days.

He openly said his DOGE posts are all jokes. Reddit is doing more to pump DOGE than anyone else right now. Either way, he seems to be the same person now as he has been for years.
 

HockeyJon

[H]ard|Gawd
Joined
Dec 14, 2014
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Me too but doesn’t change the fact that musk is one big asshole. The dude uses his platform to pump shit coin name dogecoin lol. He probably couldn’t talk about bitcoin so he doesn’t get in trouble with sec. I can pretty much guarantee that he will because he just loves using his platform for pump and dump now. I don’t even recognize the new Elon lol.

He's talked a lot about Bitcoin on Twitter. He even set #bitcoin in his Twitter bio a few weeks ago. Either way, who cares if he's pumping DOGE (which he's clearly stated, publicly, that it's intended to be a big joke)? Like I don't understand what's making you so upset here.
 

x509

2[H]4U
Joined
Sep 20, 2009
Messages
2,630
Tesla announced in an SEC filing Monday that it has bought $1.5 billion worth of bitcoin.

2020 will never end.


I will not be able to get rid of this 2080 for octane render till 2022 it seems.
And when this "Dutch tulip craze" over BTC inevitably happens, then Tesla will be hurt badly. Couldn't happen to a nicer :happy: guy.
 

kirbyrj

Fully [H]
Joined
Feb 1, 2005
Messages
28,825
And when this "Dutch tulip craze" over BTC inevitably happens, then Tesla will be hurt badly. Couldn't happen to a nicer :happy: guy.

When BTC is $300k per coin and still here 10 years from now, the same people will be crying "Dutch tulips."

Elon Musk is an asshat, I'll give you that, but we're like 12 years from the creation of BTC and it's more valuable than ever.
 

Epyon

Gawd
Joined
Oct 25, 2001
Messages
928
Well, I went to Micro center to get a anti static mat and some gloves as i start my Dan A4 build to day. Talked to one of the workers and now i know what i must do. I have to go offshore soon but when i get back you can bet your ass I am going to have a piss bag that goes around my lag i am going to have a lawn chair with rain gear and i will be at that door at 2 in the morning waiting. maybe i will get one and if not go again. i will pick 3 days a week to burn. And when the 40 series comes out...well now i know what must be done. Only the hardest of the hard are going to get cards now days.
 

LukeTbk

[H]ard|Gawd
Joined
Sep 10, 2020
Messages
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I really think all this crypto hate is unfounded...

I don't believe it's still worth mining it with GPUs. Even the shortage existed back when crypto was at a MUCH lower price.

Back in July before the 3xxx cards were released GPUs were dirt cheap, I know cause I tried selling my 1080 ti in advance and get the 3080. 2 months on eBay and no bites - until the 3080 was nowhere to be found and suddenly interest in my ebay listing grew tremendously. I ended up jacking up the price and it still sold leaving me without a GPU for 2 months...

Yes, as a previous miner from litecoin/ethereum days in 2013/2017 I am very happy....
Seem to have some tension here, gpus like you said were normal priced before crypto price climbed it seem no, it was hard to get a 3080 on launch yes, but was there a general GPU shortage before crypto did ramp up, was it really hard and expensive to buy old gpus ?
 

hajalie24

[H]ard|Gawd
Joined
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Seem to have some tension here, gpus like you said were normal priced before crypto price climbed it seem no, it was hard to get a 3080 on launch yes, but was there a general GPU shortage before crypto did ramp up, was it really hard and expensive to buy old gpus ?

Yes, before crypto took off GPU prices skyrocketed. It's due to the shortage of GPUs from Nvidia and then later AMD.

Rough timeline from my experience:

Nvidia announces 3xxx lineup ---> GPU prices dwindle

Nvidia doesn't have any 3xxx cards --> GPU prices skyrocket

I sold my 1080 ti in mid October. This was after jacking up the price to $440 (now considered cheap I think)

Before the 3080 release date I had my GPU on eBay for $360. No one was interested. Not even one offer. The day of 3080 release suddenly I'm getting a ton of interest. I quickly jack up the price and disregard offers until finally someone buys it. I didn't have a GPU for 2 months after that.

Bitcoin didn't seem to really take off until December. The price in October was 20% higher than it was in May.
 

Digital Viper-X-

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Messages
14,607
Me too but doesn’t change the fact that musk is one big asshole. The dude uses his platform to pump shit coin name dogecoin lol. He probably couldn’t talk about bitcoin so he doesn’t get in trouble with sec. I can pretty much guarantee that he will because he just loves using his platform for pump and dump now. I don’t even recognize the new Elon lol.

Wow, why so much hate for Doge?

such wow. (I lost 46k doge when a US based exchange was "hacked") :'(
 

NKD

[H]F Junkie
Joined
Aug 26, 2007
Messages
8,850
Wow, why so much hate for Doge?

such wow. (I lost 46k doge when a US based exchange was "hacked") :'(

Actually not really hating doge. I believe all coins should thrive but Elon sitting there pumping doge is not a fair game. Lot of his followers were asking where and how to buy lol. Imagine how many get burned with it not knowing first thing about it because Sir Musk hyped it.
 

MavericK

Zero Cool
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Sep 2, 2004
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I bought like $10 worth of Doge today just because. Why not? It's super cheap and if it fails, who cares. At least I won't have massive regret, like not buying BTC for $0.25 way back when, lol.
 

NKD

[H]F Junkie
Joined
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Messages
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He's talked a lot about Bitcoin on Twitter. He even set #bitcoin in his Twitter bio a few weeks ago. Either way, who cares if he's pumping DOGE (which he's clearly stated, publicly, that it's intended to be a big joke)? Like I don't understand what's making you so upset here.

LOL I am not mad. His followers who don't even know what dogecoin is and asking on twitter how and where to buy get burned, will be mad. Its really the trickle down effect he should sort take that in to account when he has 45 million followers. I was all for musk and still respect what he has done but lately he really plays the pump game alot.

I did throw 125 at doge coins lol. Lets go to 100.
 

NKD

[H]F Junkie
Joined
Aug 26, 2007
Messages
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I bought like $10 worth of Doge today just because. Why not? It's super cheap and if it fails, who cares. At least I won't have massive regret, like not buying BTC for $0.25 way back when, lol.

ROFL I threw 125 at it today. Why the hell not lol!
 

Dark12

[H]ard|Gawd
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Dec 13, 2003
Messages
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When BTC is $300k per coin and still here 10 years from now, the same people will be crying "Dutch tulips."

Elon Musk is an asshat, I'll give you that, but we're like 12 years from the creation of BTC and it's more valuable than ever.
People have had many stations to jump on the crypto train, but instead they choose to hold their fed notes and whine about inflation.
 

imsirovic5

Limp Gawd
Joined
Jun 21, 2011
Messages
239
Still sitting on 7 coins I paid a $1.35 each for back in 2011 from a friend on a usb drive in cold storage. Sold one as the down payment on my house last year.

I remember watching it back in 2010 when it was below a $1 wondering if I should use my 295 to mine it for fun. I am actually happy I did not buy or mine any at that level as I am sure I would have sold it at 10x profit or above $10. That would have hurt a lot more than not owning any.
 

LukeTbk

[H]ard|Gawd
Joined
Sep 10, 2020
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People have had many stations to jump on the crypto train, but instead they choose to hold their fed notes and whine about inflation.
Is there many people that hold a vast proportion of their asset in fed notes versus inflation resilient asset like house equity, stocks, etc.... ?
 

mvmiller12

[H]ard|Gawd
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I remember watching it back in 2010 when it was below a $1 wondering if I should use my 295 to mine it for fun. I am actually happy I did not buy or mine any at that level as I am sure I would have sold it at 10x profit or above $10. That would have hurt a lot more than not owning any.

Imagine how that guy that bought a couple of pizzas for like 20,000 bitcoin waaaayyyyyy back in the day feels about now :)
 

sk3tch

[H]ard|Gawd
Joined
Sep 5, 2008
Messages
1,847
Wow, why so much hate for Doge?

such wow. (I lost 46k doge when a US based exchange was "hacked") :'(
To be fair there are legit reasons to "hate" DOGE...if you research it there are not many factors tied to it having legitimate value. Whereas others do have benefits (limited production, robust blockchain, etc.). I'm all for everyone having fun and doing whatever...but I think a lot of crypto fans are worried newcomers with start with DOGE and get burned and then think the whole thing is a scam. That is very much not the case for crypto, but yeah - you still have to do your research.

Full disclosure - bought $50 DOGE earlier this month, sold it for $400 last week.
 

blade52x

2[H]4U
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Sep 9, 2006
Messages
3,110
And when this "Dutch tulip craze" over BTC inevitably happens, then Tesla will be hurt badly. Couldn't happen to a nicer :happy: guy.

I think it's the USD that's actually popping...

Relative to other fiat currencies the USD looks good, but they're all dogesh*t. Every single one of them.
 
Joined
Mar 3, 2017
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Whatever. I started going through my steam backlog, playing some classics with the limited gaming time I have these days. My 1070Ti will be perfectly fine for a while yet. I’ll do the same thing I did last crypto boom; just wait it out.
I actually fired up Alan Wake for the first time last night. Been in my library for a decade it seems.
 

Zepher

[H]ipster Replacement
Joined
Sep 29, 2001
Messages
18,768
I remember watching it back in 2010 when it was below a $1 wondering if I should use my 295 to mine it for fun. I am actually happy I did not buy or mine any at that level as I am sure I would have sold it at 10x profit or above $10. That would have hurt a lot more than not owning any.
I mined with either my 6950 or 7970 (might have even been my 5850) back in the day for 3-4 hours to see what it was all about and generated 0.14 of a bitcoin.
I forgot about it for a number of years, and then I ended up using it buy stuff when my 0.14 was valued at $140.
I should have mined more and held it as that tiny amount is now worth $6500. :(

bitcoin.jpg
 
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