Tfw crypto is finished

It's over guys, the nightmare is over, we won. GPUs are finally going to be priced correctly again. Post yfw in this thread.

Bitcoin isn't mined by gpus, and ETH is doing fine

>ETH is doing fine

lol, you're done loser, get a job.

Why would I get a real job, when I can just retire?

duplicate thread brainlets

Inshallah it will fall to 4k by March

>I can cash out enough to retire

Cryptomoney isn't real money until cash out

it was 300$ a month or two ago. wowie.
this happened in 2013. GPUs were expensive until crypto crashed, and they went back up when crypto went on a huge bull run. I'll be waiting for more salty gamer tears once the dip is over and mining becomes even more profitable.
Get a job so you don't think about vidya so much.

Checked.

It's lower now.

Thread belongs in /biz/ or Sup Forums.

Sup Forums should be only for alternative OS's, tech news and new gadgets.

This is still a lot higher than what was at January of 2017

...

>GPUs are finally going to be priced correctly again

I'm afraid it's not going to happen. Miners won't sell their hardware just because there's a crash. It happened before, many times. They will just continue to mine and hold the coins until they eventually go up again.
You can only expect them to sell if crypto gets totally JUST'ed to like 2014 level values.

Your best hope to get cheaper GPUs isn't crypto crash, but new gen GPUs that will be released this year by both Nvidia and AMD.

Ha
I remember sub 200$ R9 290x on ebay

Hopefully ram price is next

Miners use GPUs to mine altcoins that they exchange for BTC.

Honestly I hope so but crypto is gonna come back harder than ever.

Cash out then, out wait, you can't because they set limits on the amount you can cash out at once. Enjoy your monopoly money.

Just another meme trend. The real profit was already had now it's just normies adding fuel to the fire while the smart people moved on. Lots of people will be fucked by taxes since most never took it in to consideration or barely made any money. All the legit places to trade report their earnings and losses and all that info is being watched.

>cryptoniggers are finally getting shafted
i hope they all lose their houses as well

You could yesterday but can't today sucker.

>He doesn't know about PoS or pre-cached PoW

>he doesn't know of the pitfall that is ubiquity

cheap vegas soon brothers
I wouldn't even mind 1080ti desu

>continue to mine

This costs money, lots of it.

I still hold.

you fucking morons celebrate so early
it's 8,5k right now
even when it was below 8k, it was still nearly 8k.

inb4 >fucking coinshitter
I'm not, I want to see this and everyone involved in burned to the ground, but I don't see a point in celebrating something which hasn't happened yet.

...

Will it return to 10k by monday or not?

I'm pretty sure it will go up during the weekend, it always does. Normies have time off work and shit and wants to gamble.

I lost $500 but it's a low price to pay for knowing some lost much much more.

>Tether still exists
>unregulated exchanges still exist
It's far from over.

It will never fall to the bottom because the rates are manipulated with uncontrollable tether emission. Nobody is going to bring any more real money though so it will die out regardless high rates. Miners will stop wasting electricity when nobody will pay real money for it (and no you can't exchange tether for real money, it's a scam).

If you didn't earn any money then you don't need to pay taxes

You mean power costs? People who mine on industrial scale have access to cheap (or even free) electricity. Sure, they won't make the same profits as they used to, but those who bought/built their rigs a while ago already made their money back. They won't stop mining just because coin prices went down 50% or so. Because it happened before and they know that the price ma go up again. But they will start to quit if the current trend will continue.
You think it's over because what? Bitcoin is at 8k and eth is below 1k?
Lol, BTC was less than $1000 a year ago and etherium was in double digits. You think people didn't mine because of it?

Do you mine/trade yourself?

You're missing the bigger picture, the current high prices is a temporary problem that'll go away when supply is ramped up.

Longer term GPU prices are lower for everyone if the market is massively subsidized by miners, the more GPUs sold the more the costs of things like R&D are spread out and the cheaper the cards become, and the additional revenue to AMD/Nvidia means better research for the next line of cards.

>unregulated exchanges still exist

Believe it or not they existed before crypto and probably will after.

Yes, if you aren't going all in, like putting your life savings in or something you are missing out.

I trade and have a cloud mining contract.

thanks bought 100k

all i see is a buyers market, fucking cucks.

Congratulations, you rised above everyone else and you are now a future millionaire.

>I'll be waiting for more salty gamer tears once the dip is over and mining becomes even more profitable

The delusion of the coincuck is on full display right here.

>Get a job so you don't think about vidya so much.
Stop using PC graphics cards for things that aren't rendering graphics for PC games, you fat NEET with no back up plan.

> implying the whole world is murica

the ideal cryptocurrency will be both illegal and unregulated: prove me wrong

>Macintosh user

>not having a mac just for shitposting and watching porn on a Retina™ display
>t. poorfag who didn't cash out his bitshekels at the right time

>The delusion of the coincuck is on full display right here.

I'm not a miner myself, but if you really believe that 'crypto is finished' because there's this crash then (you) are delusional.
in 2011 BTC lose over 90% of its value in alike a few days. Just in 2017 it fell from 5k to 2k. And then went straight to 20k.
And even if BTC will lose its market domination (been slowly losing it for quite some time) it still doesn't mean that 'le crypto is finished xD' or that mining won't be profitable.

>I'm afraid it's not going to happen.
Yes it will fucking happen cuck. If it doesnt I will personally go around and set every mining farm in the world on fire in order to destroy the cryptojew once and for all.

You gaymur kiddies were crying about GPU shortages back when BTC was going for $300 dollars.

BTC will be up to $40k by next month, anyways.

You know that good investors make money from prices going both up and down, right? You can long, and you can short.

You sound a little upset, user.
There's no need to be upset.

sounds like a poltard who fell for the reaganomics2.0 maga edition meme desu

GPUs are for playing video games, not making pretend money appear, stop using GPUs to make fake money. YOU'RE the weird one for not using GPUs for gaming, how DARE you make fun of us for using graphics cards for their intended purpose, you schizo fuck.

Also BTC will NEVER go up again, its going to drop down below $1k by the end of the month, and under $100 before summer. It's over, get a fucking job.

Meminers and Gaymers are the same breed, both manchilds trying to escape the realities of life in a virtual world.

>both manchilds trying to escape the realities of life in a virtual world

I actually do. The real world disgusts me.
Don't even mine or play games much anymore. If internet and computers weren't around i'd just read books or become a hermit.

After a range check at $8,500 it Went all the way down to $7,500 like i said.
Dead count bounce is now active.
Next stop : Hell.

nice i see you learned your first wanabe trader catchphrase, now for the second lesson repeat after me "don't try to catch a falling knife."

i am the g-d of buzzwords and i will ride shitcoins into meme hell

eat shit cryptocucks

Real money isn't real money either.

No real money is real money because it's an actual currency you can pay your food and bills with. It's the value that isn't real. Crypto isn't real money because it's not a currency and only used as a speculative investment.

Everyone who is doing trades on large, well known exchanges are getting 1099's. This time the tax man is coming.

based on what? what the fuck is this crypto shit actually useful for?

I can buy fucking anything with USD, not so with crypto. Money you can't spend is fucking worthless. Crypto will never be able to compete because it doesn't have legal tender laws favoring it.

Glad I waited.

I was going to build a new PC at the end of last year, but I decided to wait for the crypto bubble to pop.

Looks like I didn't have to wait too long

soooo
short em?

I cannot wait to swim in the tears of cryptoniggers as they realize just how worthless their internet money is.

>cash out
>lose 30% because you want to sell before the dip gets worse
>get taxed 40% by the IRS
>sell your trashed garbage GPUs
>barely make enough to pay for the electricity you wasted

baka

>shorting in a fraudulent market

Yeah nah

>Why would I get a real job...?

Because robots and AI replaced human in every job. Go outside and see how trucks and taxi cars now are autonomous.

Short term is taxed as income

Don't forget the insane fees these cucks have been paying to transfer money to and from exchanges as they enter and exit....

The house always wins

I just bought 4x 1080ti for €1600

are you serious?? with price drop even more people will get into crypto, a nocoiner like you have a second chance

one thing will not change, current gpu prices are gonna stay high and will get even higher with time
retarded whiny gamers can fuck themselves but they are not getting cheap gpus, its has been way too long companies catering for you manchildren/neet needs, but not anymore, haha get fucked

mfw

each?

>that feel when it's already back up a thousand dollars from when the thread started
If you bought the dip you'd have a new GPU. I'm sure next time it'll go to zero though.

b-but how will I pay for housing after I took out a s-second mortgage on my house to fund my m-mining operations! MY BROKER SAYS CRYTOCASH IS USELESS TO HER

I HAVE $2 MILLION IN BTC AND DOGECOIN
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE--

*gunshot*

You don't own BTC, doge, or even a house for that matter. You can't even afford a graphics card.

If any single one of you felt like you missed out when BTC was dollars away from 20k, this is the fucking time to buy, I've been in for a year and a half, you can't predict bitcoins demise this is not it, buy now.

Is there any way to cash out crypto without using proprietary software, and not giving up your identity?

Coinbase is counting transfers out of their exchange as selling, even if they are just moving their crypto do a non-coinbase wallet. And they are having their activities reported to the IRS,

Americoinkeks absolutely BTFO

Second hand I meant. For the entire set

>muh bidya gaemz

Don't even try, they will literally never fucking learn. They literally think this is all just a fad and nothing good will come of it. They literally value video games more than life-changing opportunities. Fuck em.

Wanna know how I know you're one of those idiots that also falls for timeshares?

what's timeshare?

It was a fucking scam anyway.

It isn't even the miners that got completely fucked, mining is still insanely profitable and probably will remain so. Large groups purchase directly from suppliers and are paying practically nothing for electricity are reeling in money even after the drop. It's really the scalpers that were constraining supply to flip on ebay and the small miners dumb enough to buy from scalpers who are in to lose big from the drop, most of whom pay residential rates on power. These are probably the NEET's exclusively. People who genuinely believe that international and untraceable transactions from a work backed digital currency are going to vanish overnight are in for a surprise. Black markets as a whole move trillions in revenue, and crypto is only making it more accessible. You don't have to think blockchain is the next biggest thing in business, you just have to believe people want the ability to buy things anonymously on the internet. You will get your gaming cards back Sup Forums, but shitcoins aren't going anywhere.

you're right only on one of those things, and it's the one that is the most widely socially accepted.

Stop using industrial components to play childrens games

As long as gpu prices rise I am happy, seeing gamers btfo is worth more than all cryptocoins put together

>GPU - Graphics Processor Unit
Before that they were called 3d Graphics Accelerators. They're specifically made for playing games.
And yes, they are useful for many other things, like running highly parallel computations, or machine learning algorithms.
Cryptocurrencies are not one of these useful tasks.

I put my GPU in ur mum last nite kiddo

> They're specifically made for playing games

No, they're specifically made to manipulate memory fast.

The fact that you use it for childrens games as a grown ass man is only a statement as to how big of a soyboy cuck you are

gnarled peepee unit

>that guy in my YouTube subscriptions that bough $30k worth of GPUs to mine last month

Lmao at his life, even ASICS can’t break even now