USA has nothing against crypto. It added an ETF and it supports many jobs for big companies like Coinbase or Gemini. The fact that donations to Ukraine were made by crypto won’t change the legal stance on cryptos by countries. It’s a great gesture and already around $15M was raised so far.

Hopefully these funds will go in the right hands however. With donations you never know where it goes. However Vitalik confirmed the addresses and it will indeed go to the government and whether it’s to buy weapons or food for the hungry is most likely where it will go.

People buy them for various reasons.

The most common one is someone is new and has no idea that they consume more power than profit is generated. Most sellers never disclose this.

Another reason is if someone has free power like at a University and they don’t care about efficiency.

Then there are those that want to dip their toes into crypto and do it more as a hobby rather than making a profit. So they don’t care if it’s inefficient or not.

Dual mining is never profitable in the long run. And those small cap coins are most likely going to lose 99% instead of gaining 500% due to how it’s the faith of most alts.

Even if it becomes big, most dual mine coins are an easy ASIC or FGPA risk. If they are profitable enough then a ASIC can easily be developed for them and will blow GPUs out of the water pretty much.

Don’t change the Thermal pads. The temperature is perfectly fine. If you change them there is a good chance you won’t buy the right ones and you will either have overheating issues on the memory due to the pads being too thin or you will have overheating issues on the core due to the pads being too thick.

For some reason it’s very difficult to source the correct pads for the memory and VRMs components. Many suppliers sell you the wrong material or size/thickness and you pretty much dig the old ones out of the garbage and put them back in, at least that’s how it was for me.

In my area the cost of electricity pretty much doubled to what I was paying back in the previous bear markets. So if this area of support that we are on right now doesn’t hold, then will most likely be game over for me.

However like all markets it’s hard to predict this. Last week seemed like a capitulation week where stocks and crypto crashed hard and then reversed. So depending how long this war lasts, we will see how the rest of the year will turn out. I think the bottom was $33K.

Something tells me that Putin being as smart as he is. He knew all these sanctions and SWIFT disconnection would happen and he prepared well in advance a few years back.

From what I gathered many of the Russian money is overseas pretty much and has been accumulating for the last few years, they also own tons of Gold. So there is a good chance that most of the money in Russian banks are not Putin’s but the citizens of Russia which will hurt the most. Heard there is a withdraw limit in place even.

Yes Putin already is very rich and there are tons of rich people already in Russia. He is not doing this to make money. I don’t know exactly what his motives are but I think he wants to bring back the USSR pretty much. Wants to control more people.

When you got all the money in the world, you probably want to have control over a larger population. He wants to invade the capital and take control and hope people of Ukraine will follow him, whether that will work or not is anyone’s guess.

I looked into this and this really doesn’t affect Russia as much as you think. Most of the shares are owned by people outside of Russia, typically Americans. So they are the ones taking the brunt of the loses and not Russian population.

The fact that they closed the markets and banned short selling you can see why it fell close to 50%. I think on CNN or Bloomberg they said this was the worst stock market crash in any nation ever since the creation of the stock markets. And it was mostly due to poor liquidity and massive panic.

2 days ago when the invasion started many expected a massive stock market crash and crypto crash. What happened? The complete opposite.

Why it reversed its hard to say. Some say that it’s because of capital flight to stocks from declining currencies. Some say that the sanctions are not that strict. Others say that unless Russia attacks another country then they will assume that it doesn’t affect most of the world. Most people are still working and going to school.

If you look at past wars, usually the invasion is the bottom and stocks reverse from there.

Generally there is a saying “When the rich wage war it’s usually the poor who die”. And that statement is true. There are many who will benefit from war. Certain stocks like arms and military equipment manufacturing. Price of crude is thru the roof. Many benefitted from that who knew the invasion would happen.

Who loses? Everybody else. Inflation is crazy high. Will get higher with higher gas prices. Food will cost more, so will everything else pretty much. War is good for a small number of people but for most it’s bad.

I am surprised they didn’t do the SWIFT ban on Russian since they all did the sanctions and they also forbid to do business with many Russian banks.

Why do they refuse to ban SWIFT exactly? They are afraid some companies will have trouble sending and receiving money from banks? But aren’t they sanctioned anyways from doing business with Russia anyways. This is what I don’t understand.

I hope you stay safe. Hope this conflict ends soon.

Another thing to consider is what is bitcoins ATH before the 80% drawdown.

Back in 2017 we went from $1000 to $20000 so a 85% drawdown to $3500 was not unheard of. However in 2021 we broke $20K and went to almost. $70K so it’s probably not the same scenario.

If we went to something crazy like $150000 then I could see a 80-90% drawdown in the future. Alts are completely different however.

If $30K gets touched again I don’t see it holding again. Most likely last night was the low. Even right now there is fighting going On and the markets are still going up. Seems this war is not affecting the markets anymore.

I wonder how many people sold at a loss yesterday when there was massive panic. And later on in a few hours everything completely reversed. Basically markets don’t make sense anymore.

Molex is perfectly fine, usually the pins are much more durable than SATA and almost never did I have an issue where they melted. The issue with molex is that you don’t have much to work with with most PSU. There are usually much more SATA than Molex connectors.

 
If you run out of molex just get those risers with a PCEi connection and use that instead. That will never have issues with melting since the current is way more than enough to handle.

Yes the stuff he says is hard to believe. You almost think who ever wrote it is making it up. Feel bad for all those people out there. Didn’t really think it would come to this but looking at what’s going on in the airport it all became a reality.

Hopefully he will come to his senses sooner than later so people don’t have to die due to this conflict, we will know more tomorrow when Biden steps in and hopefully calls an end to this. Going to be a long night.

Yes the markets are very nuts right now. Crude just hit $100, Gold is rising. And stock indices are all heading lower including Bitcoin and other cryptos.

Keep in mind that we all knew this was a possibility, so why the massive panic all of a sudden. I predict a huge crash tomorrow and the days after a slow grind down before a bottom. I think we are all massively over sold and this is temporarily.

Normally when you read about stuff like this on the news. It’s meant to shake out most people and sell at a loss. Same with all this talk about a war. Creates lots of tension and people get nervous and sell.

However if you look at past wars and conflicts, usually the start of the war was the bottom of the dip in the stock markets. Generally, it doesn’t make sense but wars are bullish for stocks. And will be for crypto.

So don’t take those comments too seriously.

Yeah so he says that now after crypto already lost 50% of its price. Where was he back in November when people were questioning is it going to top at $100K or $250K?

Same with many stocks. They are down 80% from their peak, however last summer when Peleton or Zoom peaked nobody assumed it was the top, they just assumed they would go up forever. And now everything thinks a bear market will start, it already started months ago. A bottom might be around the corner.

Most people who are members of bitcointalk already know this. However the general public has no idea. Basically crypto was out for over 10 years and yet people  are still getting their funds stolen.

Even people who buy a hardware wallet, they end up just giving their seed to someone else. Or people who still use text messages as 2fa. Or people who sell their bitcoins for some scam NFT or scam alt coin.

It happens everyday because before you get into crypto you need to look into security first. However most people care about the profits first and security later.

It’s seem like every month someone on here makes a thread about arbitrage trading because I remember frequently commenting on it.

Arbitrage would be great because it’s risk free however you need to be able to program some bots to do the trading for you. You can’t do it manually. You need a bot that will watch certain pairs and compare the prices and if there is an opportunity then execute the trade. This is done in less then a second. You can’t do it manually.