GPU panic selling?

[Kevin Tanton]

I see a couple of 3070ti's for under £900 but still when you weigh up the 3080 was £650 at launch they're still scalping..

 

[gpuerrilla]

Still waiting for some panic selling news posts. Maybe people are not panic selling?

I seen another competitor listed a 6700XT for £700. This is a drop of about £50. Currently on that basis I cannot confirm a state of panic selling. To make sure this stays on topic.. what sites are people referencing for this observation? Do second hand sites count (people who have one GPU in one rig will not be selling so I assume its targeted reference, and people who don't really need cards that will be selling)?

 

[sgoaty]

Forum and Facebook marketplaces have more GPUs listed now than they have for months.

Still waiting for some panic selling news posts. Maybe people are not panic selling?

I seen another competitor listed a 6700XT for £700. This is a drop of about £50. Currently on that basis I cannot confirm a state of panic selling. To make sure this stays on topic.. what sites are people referencing for this observation? Do second hand sites count (people who have one GPU in one rig will not be selling so I assume its targeted reference, and people who don't really need cards that will be selling)?

 

[Haggisman]

.....

*complains about off-topic posts*

*makes a post which adds literally nothing to the conversation as it is only quoting what other people have said*



CEX are now selling my GPU for £1025 - this time last month they were buying them for £1k. Ouch!

 

[pp111]

I see a couple of 3070ti's for under £900 but still when you weigh up the 3080 was £650 at launch they're still scalping..

This. Although we are starting to see stock, it's still way over-priced. £900 for a 3070? That's just insane.

 

[gpuerrilla]

*complains about off-topic posts*

*makes a post which adds literally nothing to the conversation as it is only quoting what other people have said*

That's exactly what I thought when I read the post and seen pages of no decent input.

This. Although we are starting to see stock, it's still way over-priced. £900 for a 3070? That's just insane.

This. That's why I posted above (#282), there has been very little impact IMO unless we are only tip of the iceberg and in a months time will see plenty of evidence?

 

[Deleted member 66701]

I don't understand why it's hard to comprehend, this time 5 years ago, 1 BTC was £500, if you'd invested £1k then (e.g. not an unaffordable amount), you'd be sitting on ~£50k now. Seems some people are so bitter they can't even bring themselves to believe that others have actually made some money from it

Yeah, this is just from mining.

I traded out 33 bitcoin in Oct 2017 at 4k and I thought it had peaked. A month later it peaked at 14k

 

[MCFC_ANDY]

not exactly panic selling isit, prices still at silly levels, when they selling for half these prices, then maybe call it a panic, atm its just a slowdown

 

[Psycho Sonny]

Yeah, this is just from mining.

I traded out 33 bitcoin in Oct 2017 at 4k and I thought it had peaked. A month later it peaked at 14k

Sore one that but I'm guessing the 120K US I'm assuming you made will have made you a lot more comfortable in life so best to not thing about the 330K US you could have had.

 

[Purgatory]

not exactly panic selling isit, prices still at silly levels, when they selling for half these prices, then maybe call it a panic, atm its just a slowdown

Exactly, I think some are trying to create a fake panic with the intention that prices will come down.. Only panic soon will be the stocks all gone in stores again for them and ages again to get more stock and then prices may head up again. The real panic will start again next gen when they realise 5nm is going to cost a small forune if used on GPUS.

This thread has also massively gone off topic (bitcoin and mining chat should stay on the mining section). Also the trolling on this forum is at an all time high.

 

[Doctord]

Back on the original topic, I've just noticed 2 retailer are listing 3090's now under £2K.

A certain company who I would never deal with (white on red logo) are still listing 3080's for £2K and 3090's for £2.5K+, lots of people have commented on Redit about them calling them "scalpers".
Funny thing is the same retailer was selling 3090's at £3K only two weeks ago, scumbags...

eBay appears to be having lots of sellers listing cards at lower prices today too.

I wouldn't call it a panic, but things appear to be shifting and dropping.

Hopefully the retailers who purchased at a higher price like OC to actually help people hold of a card will manage to shift them quickly enough.

Just seen a 3060ti appear for £550, so things are on the up...


Could be time to flog those 2060's on quick @Gibbo

 

[RavenXXX2]

Goes to show it was miners purchasing the real overpriced cards

 

[Deleted member 66701]

Sore one that but I'm guessing the 120K US I'm assuming you made will have made you a lot more comfortable in life so best to not thing about the 330K US you could have had.

Exactly, anything above electricity cost is a bonus.

 

[gpuerrilla]

Goes to show it was miners purchasing the real overpriced cards

is this the general consensus? Jesus wept.

 

[Levis]

I think this 10-20% price drop is only for short time. Because of China's crypto ban chinese people sold all of their cryptocurrencies and that made a crypto price drop. If more people selling than buying prices go down. It's normal. Many miners watching the daily rewards in fiat money and they see it's halfed in few days. They try to sell quickly the GPU's and put £10 cheaper than others. After the crypto prices will go up again they won't sell anymore cards.

 

[Levis]

Goes to show it was miners purchasing the real overpriced cards

Not only miners. Gamers as well.

 

[MCFC_ANDY]

a lot of gamers are FOMO hence why they paying over the odds for gpu's. you can still see sold prices for gpu's on the bay and tbh some are just silly, now prices are not just related to demand, shipping and production costs are up, these all contribute to the gpu prices as well, so will take a lot more than the crypto price dive to correct prices

 

[varkanoid]

not exactly panic selling isit, prices still at silly levels, when they selling for half these prices, then maybe call it a panic, atm its just a slowdown

The "panic selling" term was related to 2nd hand sales not brand new from retailers. Ie crypto dipping so miners selling cards hence panic selling on 2nd hand sites.

Retailers selling cards at £900 or whatever are nothing to do with the "panic selling" topic as they are not in a panic. The prices are still so high because the supply chain are charging high so its not scalping by retailers either. Like I said before if they are having to buy cards at £850 they aint gonna sell them for £550 !

You will probably see 2nd hand sales kicking off before retailers reduce prices the latter wont happen for months.

 

[Sarge2255]

So firstly you ask the typical 'gaming crusader wah wah why does X deserve a GPU question'.

Then you complain about the OcUK MM system and how much nonsense it is.

Now you're looking to complain / witchhunt and expose 'M1nerrrzz'...... FYI anyone with a GPU from the last few years can mine.

I'd call that whining complainer BINGOOOOOOO COMBO !!!!!!!!!!!!!!

Just exposing the system, that ocuk should just offer the cards to all members, secluding

 

[HangTime]

not exactly panic selling isit, prices still at silly levels, when they selling for half these prices, then maybe call it a panic, atm its just a slowdown

Agreed all I see is cards being sold well above MRSP and numerous products out of stock at retailers. These are symptoms of panic buying, not panic selling. So like I said the other day, if this is the market with panic selling, god help us all when the panic subsides. It's like the Iraqi Information Minister claiming victory over the allies because the Imperial Guard managed to dent a track on a Chieftan.