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GPU panic selling?

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D1craig said:
Who cares? You have all forced most of us out of the PC market for years to come with your purchase of double msrp cards meaning the msrp will be atlest 70% higher than it should be and you will all fall for the "smaller nodes cost more money" **** they will no doubt come out with.
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Is that aimed at me? You didn't quote me but posted this directly after my post?

I've not bought a single card at double MSRP, I bought my mining cards years ago, mostly 1060's

FoxEye said:
It's great for laundering money too. So yeah I guess it has some uses...
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My transfers are 100% above board and declared ta very much, I'm even getting 4.5% interest on my bitcoin, compare with 0.1% on GBP
 
andybird123 said:
Except it enables me to transfer money to and from another country in a fraction of the time and cost.

Small minded people don't see the utility but that doesn't mean it isn't there.
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You should try transferwise one day.

And yeah, that international angle is valid, I mean how else would you pay off Byelorussian backmailers with tiny to no risk of those guys getting apprehended? A just reward for a honest day of labour.
 
andybird123 said:
I'm even getting 4.5% interest on my bitcoin, compare with 0.1% on GBP
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Yeah but the banks won't accidentally lose all your money or get "hacked" and say, "ooops, it's all gone..."

And as you know that's happened multiple times with various cryptos...
 
Psycho Sonny said:
New people are born every day. The younger generation believe in it more than older generations. Therefore at some point in time be it 50 year or 100 years from now it will be 99.9% adoption rate with only folk living in sheds in woodlands or jungles no using crypto.
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I though the expressions were:
there's one born every day
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and
a fool and his money are easily parted
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But wait, you are trying to talk up the concept of crypto, right?
Because to me "... born every day" sounds like ponzi bubble.
Not that I am arguing that there is no money to be made from crpyto, but only while you can pass on what you bough/mined to someone who's willing to pay more than your cost (*you being generic in each case).
But that's playing the market, not much to do with crypto. pubic ledgers, decentralised coins or whatever.
Oh, and BTC is far to impractiable to get anywhere near 99% adaption rate. Too slow, transaction too costly, a deflationary supply; can't see it ever being practicable.
 
andybird123 said:
Is that aimed at me? You didn't quote me but posted this directly after my post?
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Not directly. It is posted at anybody who has bought a card at even +50% the msrp.

EDIT - and tbh I’m not arsed if they are bought for mining or not, if you buy them so much over msrp it hurts everyone eventually no matter what your reason. If all these fools who bought them scalping were left with 10s of thousand of pounds of debt they would be left out of this business for a very long time and would always have been afraid of it.
 
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FoxEye said:
Yeah but the banks won't accidentally lose all your money or get "hacked" and say, "ooops, it's all gone..."

And as you know that's happened multiple times with various cryptos...
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Yes, there's totally never been any problems with banks, like it didn't cause a total global crisis or anything...
 
andybird123 said:
Yes, there's totally never been any problems with banks, like it didn't cause a total global crisis or anything...
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I'm fairly sure that whatever the issues with modern banking, the answer isn't to create a system that's unquestionably worse in every conceivable way.
 
D1craig said:
Not directly. It is posted at anybody who has bought a card at even +50% the msrp.

EDIT - and tbh I’m not arsed if they are bought for mining or not, if you buy them so much over msrp it hurts everyone eventually no matter what your reason. If all these fools who bought them scalping were left with 10s of thousand of pounds of debt they would be left out of this business for a very long time and would always have been afraid of it.
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Oh well :cry::cry::cry::cry::cry::cry::cry::cry:

I bought mine direct from the manufacturers store. No idea what the MSRP is as they never released it.
 
in regards to Graphic card availability this is just a summer lull it happens every year If all the promises of extra stock and lower end spec cards do not martialize in sufficient quality's come the autumn the situation will just continue and remember bitcoin could be going back up again towards year end. In a few months time you could look back on the summer months and think i wish i had purchased that new card i was after then. Which is what's probably happening because new stock keeps flying of the shelves. Panic selling no just a bit froth being taken of pricing and those mining set up`s in china are now getting move to other locations.
 
MM posts seem to be selling cards from two generations ago i.e. 10 series nvidia and rx4/5's from AMD. This would be natural churn from months of people obtaining the new gen items. No panic selling evidence there.

Crypto took another 10% hit yesterday across the board (haters rejoice!) so if there is going to be a frenzy of selling it will happen now if ever.
 
FoxEye said:
It's great for laundering money too. So yeah I guess it has some uses...
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The mortgage lender I work for now, and the last one I worked for... so I'm guessing this is pretty standard accross the board, but if any of the deposit monies have come from cryptocurrency we will just decline the application outright.

Even evidence of transactions, almost certainly decline it.

I think you are right about money laundering concerns, also the cynical side of me just thinks established financial institutions don't like it because they cannot control it like they can (and do) with regular money.
 
Psycho Sonny said:
There is zero risk and easy money. Only a fool would think it's not worthwhile.
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Or someone whose ethics differs from your own.

I don't like reselling, because it adds no value and in fact removes value, and the people profiting did not in any way contribute to bringing the product to market.

Of course I have no problems with people earning and spending their money how they like, that would be ridiculous. But certain things don't count as a proper job. Blackmailer, drug dealer, scammer, etc. You don't look at those people and say, "He's done really well for himself in his chosen profession."
 
FoxEye said:
Or someone whose ethics differs from your own.

I don't like reselling, because it adds no value and in fact removes value, and the people profiting did not in any way contribute to bringing the product to market.

Of course I have no problems with people earning and spending their money how they like, that would be ridiculous. But certain things don't count as a proper job. Blackmailer, drug dealer, scammer, etc. You don't look at those people and say, "He's done really well for himself in his chosen profession."
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You don't like buying either since you don't buy anything.

You don't like other people buying because it stops you from buying.

You don't like people having money to go on holidays because they have a better life than you.

You need to go out get your own place and get laid. Seriously your situation cannot be good from a mental health point of view.

What do you do with your money? It can't all be going on food and water.
 
Psycho Sonny said:
You don't like buying either since you don't buy anything.

You don't like other people buying because it stops you from buying.

You don't like people having money to go on holidays because they have a better life than you.

You need to go out get your own place and get laid. Seriously your situation cannot be good from a mental health point of view.

What do you do with your money? It can't all be going on food and water.
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I just want to point out that I never said any of those things. This is a huge over-simplification.

For example, there is a massive difference between people buying things they want and people buying scarce things purely to resell at inflated prices. Maybe not to you, but many of us draw that distinction.
 
FoxEye said:
Or someone whose ethics differs from your own.

I don't like reselling, because it adds no value and in fact removes value, and the people profiting did not in any way contribute to bringing the product to market.

Of course I have no problems with people earning and spending their money how they like, that would be ridiculous. But certain things don't count as a proper job. Blackmailer, drug dealer, scammer, etc. You don't look at those people and say, "He's done really well for himself in his chosen profession."
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I think placing "buying low and selling high" (which is how most shops work at the end of the day) on a level with "Blackmailer, drug dealer, scammer,", which are all illegal, is a bit of a stretch.
 
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