Why GPU prices are NOT likely to drop significantly EVER!

[Harold lloyd]

Waiting for RT, but I want my money spent well dammit!

Directx 12 only has limited RT because the GPUs can't handle soft reflections etc yet, I turn it off as its not much different to raster render.
I only play a few selected games through the year inc CSGO, I want to see DX13 deliver better 3dsmax type RT and Nvidia/Amd to have the cards so I can
actually Program the RT on the GPU Not just game.

Don't worry I am spending wisely saving your money for important items only.

 

[Harold lloyd]

And here's me thinking tripe was only fed to the dog's!

Nothing magic or unbelievable about what I do.
I read a news article years ago about someone in Argentina buying quite a lot of farm land, their currency was collapsing and the farm land prices
jumped. When he sold off the land it made him a multi millionaire, wasn't a pro trader like but got in and out at the right times.

 

[Harold lloyd]

Then how are you sitting for 5 or 7 years not touching it, was the hard work eating beans on toast every day?

I was very young then I dropped out of uni. Father was quite disappointed as mostly everyone in our family/relatives have a LOT of letters after their name,
and are well paid but I wouldn't even have a BSc!
Stayed with parents, so no bills to pay and started my trading career. Fast forward some years and suddenly I had made more than everybody with profits
still going up and up, parents/relatives were suddenly all proud of me! Nowadays if family want anything I buy it for them without a second thought because I can afford it.

NO beans on toast, my parents were well off.

 

[Harold lloyd]

I think the issue may be trying to flex on a computer enthusiast forum you're referring to her as a pleb. Poor girl.

Well so many people are complaining about high GPU prices and the current state of the GPU market.
Being a pro trader I am attempting to answer this question by saying that after about 50 years of stable currency you now have a currency collapse on
your hands.

Got nothing against Courtney, just an example who gave an interview to ABC news. Pleb means not wealthy working class person.

 

[Harold lloyd]

Parents didn't exactly spend their money on me?
Plus they were miffed at me dropping uni and living rent/bills free!
Worked out fine in the end though.

If I lost that few hundred I would have looked for a day job. Still got my A levels and gcse's!

 

[Harold lloyd]

Nor is inflation theft. It's an unavoidable part of our economic system.

Your economic system is just something dreamed up by a bunch of crooks, the politicians and their rich friends make all the crooked laws.

Inflation's been there since humans trading dinosaur meat against animal skins, Good thing is your crooked politicians have NO WAY to stop it!
Look at US President Biden trying to reduce the inflationary tax prices for the plebs, the market will crush him and the mighty US like a rag doll and
walk away laughing! Currency collapse is going all the way to 2030, wait and see.

 

[Harold lloyd]

@Harold lloyd how old are you, to be able to sit back now? At what age did you retire and what age did you start?

I retired in my thirties but by that time I was sitting around as I was already a fair bit into hard assets, get this folks its the sitting for years and being patient that gets you the profits, done right it can set you up for life, and you don't need to start big either.
I'm in my forties now and everything is paid for, no crazy 9 to 5 job and my family gets whatever it wants.

 

[Harold lloyd]

Please thread never die, I'm about to go out in the wind and rain to drag the dogs about and collect piles of poop, something seems familiar ....

Ouch, I don't envy you, its a blowing gale outside near the coast here, I'm staying in until the wind goes down.

 

[Harold lloyd]

Do you see anything positive about the future of the earth? I see a lot of negative posts from you. Just an observation

Yep, disassembled Watch Dogs Legion and a few other games, there's some real progress, devs are starting to use a texture LOD system instead of the old mipmaps. What this means is if you are running 4k ultra then expect Super crisp textures (less blurring), wont make any difference to 1080p users also
needs a LOT of VRAM but the results are amazing if you are into hd quality!
Maybe post up some screen grabs of my results later.

 

[Harold lloyd]

You haven't said how governments could avoid inflation, nor why it would even be desirable to do so.

I was assuming you were pro government, since your not then its okay.

The Fed (central bank) suppresses interest rates by buying bonds, stocks go up, even as inflation rates go up only a FEW points so that the plebs don't riot
and the debt is inflated away.

Now we suddenly have commodity inflation due to lack of crude oil even without altering the money supply, BUT that tin of beans jumps from £1 to £1.50
in just a year. The gov wants beans to go up say £1 to £1.10 max yearly. The big commodity boom inflation has thrown a spanner in the works of their crooked game. Huge inflation yearly and stocks/jobs system will breakdown, when people can't afford to feed their families or buy energy or buy decent gaming GPUs there will be riots, and gov is trying to avoid this at all costs.

Make up your own mind folks,
House Speaker Nancy Pelosi wealth increased to $115 million
Senate Majority Leader Mitch McConnell net worth increased to over $34 million
Federal Reserve (money printing) chief Jerome Powell is worth up to $55 million (sold between $1 million and $5 million worth of stock just before a large stock market crash on October 1, 2020)

Who is benefiting, who are the crooks, and here in the UK?

 

[Harold lloyd]

When supply meets demand (arguably happening now) the price will drop.

People have been saying this for over a year, what about food, petrol etc are they gonna drop in price too?

 

[Harold lloyd]

I am going to quote what I said before. It seems I was proven right.

How many people have children at about age 20?
You don't need wealth you can practise for say 1 hour a few times a week in the evenings after your day job, its FREE to practice.

You seem to be misunderstanding, hard assets, land, property came later when I was up a few hundred k and I decided to pack in the day trading.
I had a big bank now made from the initial £300 and a few hundred k could buy a lot of hard assets in those days but not now.
Like I said it costs nothing to practise, its the skills that get you the profits not a big loan from parents or bank.

If someone gave me a few hundred today I know I could turn it into 50k or whatever in some time, its the skills that pay your bills, just ask Steve Davis (snooker)!

 

[Harold lloyd]

It's the sitting for years that gets the profits,

Yep your right there, I should have explained better.
You have to first cut your teeth in trading and build strong foundations to pro level, as in any sport, Steve Davis (snooker), Ronaldo (football).
This is the learning phase takes about 3-5 years, but I was a bit of a trading freak and after only 1 year was taking on the market pros and handing them their heads, but I really put my back into it the first year.

When I was up a few hundred k after some years I decided to pack in day trading so I could sit back with some long term bets so went into hard assets.
Got first property at auction so I paid even less than real market price, got second property a small terraced place shortly after and bought land and other hard assets around this time and a bit later. Only reason I got the assets was that I spotted an inflation cycle that would last at least a decade or two.
Rented out both so the rent money was good profits too. Everyone knows what rents are like now, crazy, crazy!

Had ideas of moving into the larger detached property with my own family later on which did happen.
Its the getting to pro level that makes the starting few hundred k then spotting the inflation cycle in its early days.
The practise is not hard work BUT you got to put in the hours every week and not be lazy, trading is FREE to practise on the net, free charts, free news reports, free historical data etc, you have all the same tools as I use on the internet.
Just ask a pro CSGO player or any professional, you gotta learn your trade, Practise, Practice and Practise.

When you've made it you can shout "Nice Little Earner" Del Boy style!

 

[Harold lloyd]

Silly comparison. Petrol and food are consumables.

GPUs are consumables over a few years, I don't see then being recycled, they go in the trash when broken.
I'm saying there is ONE root cause making the prices jump, and its same cause for GPU's and food etc. Does that make sense?

 

[Harold lloyd]

You're correct, I have practiced with my hard asset almost religiously since

Hah! Will you retire after 15 years though? I certainly plan to

I often say to the wife that I want to practice more...

If you folks spend too much time at leisure activities without putting in the time you won't be pulling out the big bucks like me!

 

[Harold lloyd]

I understand perfectly because I have sold stuff which has appreciated before

Someone has to lose for some else to get the win, broker takes cut, its a zero sum game, losing gamblers get out quick if they have any sense when most of their trading bank is gone. What about all the people with savings/money in the bank/high interest acc etc, THEY are gambling BIG TIME against people like me who hold hard assets, I'm taking the other side of the bet saying the national currency will lose buying power.

Looks like you misread what I've been writing, I was NOT telling anyone to do the buy and hold hard assets trading strategy, its only for PRO TRADERS who know what they are doing and have already made a lot of capital. You can't just get a big loan from the bank and slap it on hard assets, likely you'll get taken to the cleaners after some time. I did it because I was a PRO TRADER at the time and wanted to pack in day trades, BUT could have made just as much without going into hard assets.

What I recommend new traders do is watch the charts, read the news, data on their selected markets and make a call which way the market will go, this info is all free on the net, after a few months if you are consistent start small with say £200 or £300. People waste so many hours on youtube/facebook etc, an hour or two spent on the trading per week could easily be done. £200 or £300 is not much when people spend on all sorts like fashionable clothes, hair styles, make up etc and hardly any risk.

What does this have to do with staying with my parents? Even if I was pushed out and stayed in a bedsit/small flat with a full time job to pay all the bills, I still WOULD HAVE learned how to trade in my spare time, and started off small with £200 or £300. You really think £300 is a risk I took? then start with £50 or £100. Trading is like any other professional sport, Steve Davis must have put in the hours, how could his (assumed) wealthy parents turn him into a top star player? Steve or his parents paid for the table, that's the only risk he took.

People far below the breadline who don't have say a net connection or starting money can't be helped. We have too many now, there is not enough cheap crude to support 8 billion people. Crude oil is our jobs/food/finance system.
Hope that explanation makes sense.

 

[Harold lloyd]

Oh I didn't realise that petrol and food was scalped due to mining. Hopefully the price of food and petrol will come down after June when ETH 2.0 releases.

Agree that when the crypto chain letter scheme busts (and it will) GPUs will drop price a bit, but I have a big bet on inflation going to 2030 and believe even with miners gone GPUs prices will stay high.

 

[Harold lloyd]

Well, if you want to go with that argument then

Only broken GPUS go in the bin, still got my 1060/4770k and turn it on from time to time, 720p/1080p gaming is not that bad even today.
Yep quite right inflation goes at different rates in different markets, right now I believe we have a bit of a currency collapse going up to 2030.

 

[Harold lloyd]

Why have you only got a 3700x and a mid range GPU then?

Waiting on the 7000/4000 series to see if MS will deliver on the improved RT.
I hardly ever splurge on myself unless I really want something, 3000/6000 series underwhelming as was directx12u. I like to spend on family/parents more and leave as much as possible to the kids when I'm gone.