Number 9! Ninth altcoin thread. Back to the moon Baby!

[philipma1957]

So last night I decided to short some Doge because there is no way it’s going to go above 100 sats. Then added more at 150,200 and 250 and was starting to get nervous. It was a low leverage short but it went up so much that if it did another 4x it would liquidate me.

Then I went on Twitter and saw that some Pornstar ( yes on onlyfans) was pumping dogecoin. Then I decided to cut my losses and exit the short. I don’t want to get caught in another GME 2.0. It’s basically #1 trending on Twitter right now and people are calling for $1 a doge. Which if happens would put its market cap higher than ETH. No way that’s going to happen.

It's crazy what they did with GME and from what little I understand is that the hedge fund that shorted GME was forced to buy GME at the high price for reasons that I do not fully understand.  Now that they're trying to do the same thing to Doge but I'm not sure how that would work.  I believe there was a hedge fund that shorted Doge as well but there's so much Doge out there I don't see how that can possibly happen.  Of course I've been wrong many times before and I've never been successful in the stock market so I pretty much have no idea what I'm talking about.  I'd love a ELI5 about all this if anybody knows.

Nobody was shorting doge, at least before this huge pump in the last 24 hours. The funding rate for Doge was like 0.01% a day which means its in high supply, nobody wanted to borrow it to short it down. Hedge funds can't short Doge because there is no futures for them or anything.

I honestly have no idea why wallstreetbets decided to go all into crypto and why they chose Doge. I understand they are angry at centralized Robinhood and Wallstreet and rather go into crypto which is more decentralized. Why they chose Doge instead of BTC? I don't know. Maybe because its on the Robinhood Crypto app? Maybe its because BTC is $35000 and Dogecoin was like 1 penny and seemed easier to make money off if it pumps.

I purchased and mined the 1000000 doge because it had a huge upside due to the price.

The coin is a well backed asic coin. Easy to move value with it.  I did pretty good with it so far.

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[nsummy]

So last night I decided to short some Doge because there is no way it’s going to go above 100 sats. Then added more at 150,200 and 250 and was starting to get nervous. It was a low leverage short but it went up so much that if it did another 4x it would liquidate me.

Then I went on Twitter and saw that some Pornstar ( yes on onlyfans) was pumping dogecoin. Then I decided to cut my losses and exit the short. I don’t want to get caught in another GME 2.0. It’s basically #1 trending on Twitter right now and people are calling for $1 a doge. Which if happens would put its market cap higher than ETH. No way that’s going to happen.

It's crazy what they did with GME and from what little I understand is that the hedge fund that shorted GME was forced to buy GME at the high price for reasons that I do not fully understand.  Now that they're trying to do the same thing to Doge but I'm not sure how that would work.  I believe there was a hedge fund that shorted Doge as well but there's so much Doge out there I don't see how that can possibly happen.  Of course I've been wrong many times before and I've never been successful in the stock market so I pretty much have no idea what I'm talking about.  I'd love a ELI5 about all this if anybody knows.

We won't see the same gains with Doge that we did with GME simply because there won't be a short squeeze driving the price up. 

An ELI5 explanation of shorting is this:  You think the price apples will fall.  You borrow 100 apples from me and immediately sell them for the current market price of $1.00 each.  After a period of time the price (hopefully) of apples drops to $.50 each.  You buy the 100 apples back at that price and give them back to me.  You have now made 50 cents per apple.  Now what happens if the price of the apples go up to $1.50?  You can wait a longer and hope the price goes back down, or you can take your losses and buy them at a higher price and take a loss.  If you decide to wait, and the price keeps going up  to $2 then $10, then $15, etc. that's when you run into problems.  Eventually I will question your ability to buy back the apples and will demand that you buy them immediately and give them back.  This is known as a margin call.  There are a finite supple of apples.  So if a lot of other people bet that prices were going down they will need to cut their losses and buy back the apples.  All of these people clamoring for the finite supply of apples drives the prices up, as the apples become more scarce.  This is known as a short squeeze.  Hopefully this makes a little sense

The thing to remember is that if you are buying a stock or crypto, the worse that can happen is that it goes to zero and you lose your whole investment.  When you are shorting a stock though, the potential losses are infinite as there is no limit to how high the stock goes.  GME was a perfect storm as it was heavily shorted.  The people who bought the stock en masse were holding on to it refusing to sell, driving the price up higher and higher.

[generalt]

So last night I decided to short some Doge because there is no way it’s going to go above 100 sats. Then added more at 150,200 and 250 and was starting to get nervous. It was a low leverage short but it went up so much that if it did another 4x it would liquidate me.

Then I went on Twitter and saw that some Pornstar ( yes on onlyfans) was pumping dogecoin. Then I decided to cut my losses and exit the short. I don’t want to get caught in another GME 2.0. It’s basically #1 trending on Twitter right now and people are calling for $1 a doge. Which if happens would put its market cap higher than ETH. No way that’s going to happen.

It's crazy what they did with GME and from what little I understand is that the hedge fund that shorted GME was forced to buy GME at the high price for reasons that I do not fully understand.  Now that they're trying to do the same thing to Doge but I'm not sure how that would work.  I believe there was a hedge fund that shorted Doge as well but there's so much Doge out there I don't see how that can possibly happen.  Of course I've been wrong many times before and I've never been successful in the stock market so I pretty much have no idea what I'm talking about.  I'd love a ELI5 about all this if anybody knows.

We won't see the same gains with Doge that we did with GME simply because there won't be a short squeeze driving the price up. 

An ELI5 explanation of shorting is this:  You think the price apples will fall.  You borrow 100 apples from me and immediately sell them for the current market price of $1.00 each.  After a period of time the price (hopefully) of apples drops to $.50 each.  You buy the 100 apples back at that price and give them back to me.  You have now made 50 cents per apple.  Now what happens if the price of the apples go up to $1.50?  You can wait a longer and hope the price goes back down, or you can take your losses and buy them at a higher price and take a loss.  If you decide to wait, and the price keeps going up  to $2 then $10, then $15, etc. that's when you run into problems.  Eventually I will question your ability to buy back the apples and will demand that you buy them immediately and give them back.  This is known as a margin call.  There are a finite supple of apples.  So if a lot of other people bet that prices were going down they will need to cut their losses and buy back the apples.  All of these people clamoring for the finite supply of apples drives the prices up, as the apples become more scarce.  This is known as a short squeeze.  Hopefully this makes a little sense

The thing to remember is that if you are buying a stock or crypto, the worse that can happen is that it goes to zero and you lose your whole investment.  When you are shorting a stock though, the potential losses are infinite as there is no limit to how high the stock goes.  GME was a perfect storm as it was heavily shorted.  The people who bought the stock en masse were holding on to it refusing to sell, driving the price up higher and higher.

Thanks.  Pretty scary how the markets are manipulated. I guess this stuff happens all the time with the larger institutions but now that WSB was able to do it really opens your eyes.

[generalt]

Nobody was shorting doge, at least before this huge pump in the last 24 hours. The funding rate for Doge was like 0.01% a day which means its in high supply, nobody wanted to borrow it to short it down. Hedge funds can't short Doge because there is no futures for them or anything.

I honestly have no idea why wallstreetbets decided to go all into crypto and why they chose Doge. I understand they are angry at centralized Robinhood and Wallstreet and rather go into crypto which is more decentralized. Why they chose Doge instead of BTC? I don't know. Maybe because its on the Robinhood Crypto app? Maybe its because BTC is $35000 and Dogecoin was like 1 penny and seemed easier to make money off if it pumps.

Makes sense that they have a lot more to gain percentage wise with a crypto valued at a penny.  LOL They can now buy more GME with the money they made in Doge.

[fr4nkthetank]

And I will add to that nice explanation...i'll use VW because its a great example.  Finance is about fucking the other guy over and eating his lunch.  So this guy Wendelin Wiedeking, runs Porsche.  He negociates a contract saying he'll get a bonus worth 1% of the company's (porsche) annual profit.  Long story short, Porsche built up a stake in VW for a variety of reasons over time.  VW was struggling (financial crisis).  Since the german gov owned like 20%, and porshe 30% or so, and they would not sell, only 50% of the company (roughly) was actually buy-able.  The key is over time - As Porche put billions (all its money) into VW stock, its stock price doubled, tripled and kept on rising.  But VW was a terrible company and GM, Chrysler, etc were actually going bankrupt, i.e. stock price = 0.  So a bunch of smart people said: lets make some money.  They as in the apples example, shorted the stock in great numbers.  
Then, a little later, in october? 2008 as people thought VW would crater to 0, as it should (since it was a terrible company going bankrupt), Porsche said :

I haz 42% of the stock.  (and german gov, 20% = 62% total not available to buy)

Also Porsche:  I haz bought 35% of all VW stock in options and we have like 12 billion dollars and we will buy VW out, probably, yolo.  Also fuck you.

So now, all the Hedge Fund brains calculated 42+20+35=97%.  100 - 97 (roughly) = 3%.  I think the actual number was 1.4% out of memory.  So if there were 100 shares short of the stock, there actually was only 1.4 THAT EXISTED TO BE BOUGHT IN THE ENTIRE UNIVERSE.  Ensued a bloodbath, fight to the death between the shorts of universal epic proportions to buy stock.  Those that could not = kill.  Those that could = huge loss.  Price rose up until the Porsche-Hedgefunds Versailles treaty where Porsche allowed them to buy back stock at a certain price, costing them in aggregate 30 billion dollars or so.  Porsche made 10 billion in think.

Irony of the whole thing, is that the financial crisis deepened like crazy and Porsche almost went under too, since they were heavily in debt.  They got bought out by VW later.  But Mr. Wiedeking and his best friend the CFO, with their little diabolical plan, fucked everyone and everything, laughing all the way to the bank.

GME is the same thing.  Imagine a stock trades at 5$.  Its shit, and going to 0$.  We make a bet.  I say, I think the stock will go to 50$ in 3 months.  You say:  yes please.  odds are 1000 to 1.  Who wants to take that bet ?  Literally a lot of people apparently.  Then WSB hyped GME and a bunch of wall street people smelled blood and rushed to buy options and stock.  The positions were so great that THERE ARENT ENOUGH GME SHARES IN THE ENTIRE UNIVERSE TO COVER ALL THE BETS.  The price rose and option sellers had to buy stock since they were in on the bet, 1000 to 1.  Then people said:  GME ? hahaha going to 0 for sure.  And shorted the stock EVEN MORE.  Then WSB WENT FULL AUTISTIC and the rest will be history.  IT IS WAR.

The hedge funds pretend they "covered their positions" but that is most likely a lie.  Then the financial system puked news stories about the whole thing to discourage people from buying.  Then that backfired and they called all their friends and had almost *all* brokerages across North America restrict or deny GME trading to make people sell thinking it will crash (except, of course, for the hedge funds who tried to buy all stock being sold.  Retail investors could ONLY SELL, no buy).  That was playing really dirty and so people flipped their shit and WSB has gone in FULL RETARD mode.  You never go full retard.  Yet, here we are.

You Cannot Make This Shit Up.  Even if I tried, I couldn't.  The war will continue until WSB retards sell and realize gainz (tendies) and all retire (this will not happen), or hedge funds realize their loss (this will also not happen).  Probably Mommy (the gov) will intervene and do something.  Or Gamestop will just issue 100 billion dollars in new shares and crash the price.  But you would need a shareholder vote or something and guess who is shareholding now bitches

edit:  This is what it looks like in business speak
https://www.porsche-se.com/en/news/press-releases/details/news/detail/News/porsche-heads-for-domination-agreement-1
and this is victory agreement
https://www.porsche-se.com/en/news/press-releases/details/news/detail/News/short-sellers-responsible-for-extreme-price-movements-in-volkswagen-ordinary-shares-1
In WSB speech it would be much funnier tho,memes and all
editedit: sorry if this is offtopic

[philipma1957]

Did you Phil have TR 3960X?
Is there anypoint of buying one for mining?
What would be good price and any advice for good mb?

There is one piece at outlet i know ... but not sure if i should pick it up

Let me think about that question

New the chip is 1399

 my 2 boards have been good

https://www.amazon.com/gp/product/B08166G8DS/ref=ox_sc_act_title_1?


but the cpu makes $1.50 a day

not sure that mining monero is worth it with that chip.  tr 3960x

I rather have a nvidia 3090 gpu. it earns a lot more and I think would have better resale.

that board and chip are still costly 1399 + 400 = 1800

[adaseb]

People are nuts about Dogecoin, look at their Reddit,

https://old.reddit.com/r/dogecoin/

The main "MEGA THREAD" at the top was created less than 2 hours ago and already over 4000 comments. Another popular thread is titled "When Doge reaches $10 ill have $10000 and give everyone $10".

Can you guys imagine $10 DogeUSD? Basically Bitcoin doesn't need to worry about the flippening by Ethereum its Dogecoin instead.

This definitely won't end well. Only reason why Dogecoin is not pumping right now is because Robinhood crypto disabled it and people are joining other brokers/exchanges but it takes a while for their fiat to hit the exchanges. Next week should be crazy for crypto especially Doge. So don't be dumb like me and try and short it.

[generalt]

edit:  This is what it looks like in business speak
https://www.porsche-se.com/en/news/press-releases/details/news/detail/News/porsche-heads-for-domination-agreement-1
and this is victory agreement
https://www.porsche-se.com/en/news/press-releases/details/news/detail/News/short-sellers-responsible-for-extreme-price-movements-in-volkswagen-ordinary-shares-1
In WSB speech it would be much funnier tho,memes and all
editedit: sorry if this is offtopic

Thanks for the Porsche VW history.  That was very interesting and informative.  I remember when Porsche tried to buy out VW but then VW ended up buying out Porsche but I didn't know the back story.  I definitely don't trust the market at all now.

And yes sorry for all the off topic conversations.

[generalt]

Did you Phil have TR 3960X?
Is there anypoint of buying one for mining?
What would be good price and any advice for good mb?

There is one piece at outlet i know ... but not sure if i should pick it up

Let me think about that question

New the chip is 1399

 my 2 boards have been good

https://www.amazon.com/gp/product/B08166G8DS/ref=ox_sc_act_title_1?


but the cpu makes $1.50 a day

not sure that mining monero is worth it with that chip.  tr 3960x

I rather have a nvidia 3090 gpu. it earns a lot more and I think would have better resale.

that board and chip are still costly 1399 + 400 = 1800

Yes monero has seen better days.  I'm still rootin for monero though.  I think it's nice to have coins that are asic resistant and not to mention anonymous. 

Take good care of those TR for me Phil.  LOL  Just the size of those coolers seem comical to me.  I wonder how much strain it puts on the board if you actually put it into a case and have it standing.

[philipma1957]

Did you Phil have TR 3960X?
Is there anypoint of buying one for mining?
What would be good price and any advice for good mb?

There is one piece at outlet i know ... but not sure if i should pick it up

Let me think about that question

New the chip is 1399

 my 2 boards have been good

https://www.amazon.com/gp/product/B08166G8DS/ref=ox_sc_act_title_1?


but the cpu makes $1.50 a day

not sure that mining monero is worth it with that chip.  tr 3960x

I rather have a nvidia 3090 gpu. it earns a lot more and I think would have better resale.

that board and chip are still costly 1399 + 400 = 1800

Yes monero has seen better days.  I'm still rootin for monero though.  I think it's nice to have coins that are asic resistant and not to mention anonymous. 

Take good care of those TR for me Phil.  LOL  Just the size of those coolers seem comical to me.  I wonder how much strain it puts on the board if you actually put it into a case and have it standing.

Made me smile thanks.  When the threadripper first came out the water block heat sinks were smaller than the cpu die. I decided to go big and do the largest air cooler that the heat sink matches the threadripper.

I under clock it to 3000 freq and down volt to  1.05

it lowers earnings and heat. But the trade off makes the gear stable.

[DrX]

Did you Phil have TR 3960X?
Is there anypoint of buying one for mining?
What would be good price and any advice for good mb?

There is one piece at outlet i know ... but not sure if i should pick it up

Let me think about that question

New the chip is 1399

 my 2 boards have been good

https://www.amazon.com/gp/product/B08166G8DS/ref=ox_sc_act_title_1?


but the cpu makes $1.50 a day

not sure that mining monero is worth it with that chip.  tr 3960x

I rather have a nvidia 3090 gpu. it earns a lot more and I think would have better resale.

that board and chip are still costly 1399 + 400 = 1800

Yes monero has seen better days.  I'm still rootin for monero though.  I think it's nice to have coins that are asic resistant and not to mention anonymous. 

Take good care of those TR for me Phil.  LOL  Just the size of those coolers seem comical to me.  I wonder how much strain it puts on the board if you actually put it into a case and have it standing.

Made me smile thanks.  When the threadripper first came out the water block heat sinks were smaller than the cpu die. I decided to go big and do the largest air cooler that the heat sink matches the threadripper.

I under clock it to 3000 freq and down volt to  1.05

it lowers earnings and heat. But the trade off makes the gear stable.

Ok, thanks for answer, i could get it for ~1200$, its with full warranty but it's not only the cpu, the mb is also quite expensive so i think i well leave it there.
I have no other use for it so no point of buying.

[Philipma1957cellphone]

I will be deleting those for sale offers when I get home.

Please post them in the marketplace  under good then computer and parts.

Can some one give him the link.

At cafa I dont mind you posting gear but you should link the post to the marketplace.

[fr4nkthetank]

https://bitcointalk.org/index.php?board=75.0
GPU sales go there.

[philipma1957]

I'm selling two cards, I hope this is the right thread to post in.

Asus Rog Strix RX 5700 XT (Samsung memory) - $900 plus shipping
Asus Dual RX 5700 (Samsung memory) - $850 plus shipping

Both cards are less than a month old, and they're in my mining rig. I'm reluctantly selling as I'm upgrading to stronger cards and I need the PCI slots.

Only BTC or ETH payments accepted.

I'm shipping from Europe (Croatia) so take note that shipping will be expensive if you're far away. Before you pay I will go to the post office to ask what the shipping price to your country will be.

Click my name and send me a Personal Message if you want to buy, or to ask any questions, as I likely won't be monitoring this thread.

I'm selling two cards, I hope this is the right thread to post in.

Asus Rog Strix RX 5700 XT (Samsung memory) - $900 plus shipping
Asus Dual RX 5700 (Samsung memory) - $850 plus shipping

Both cards are less than a month old, and they're in my mining rig. I'm reluctantly selling as I'm upgrading to stronger cards and I need the PCI slots.

Only BTC or ETH payments accepted.

I'm shipping from Europe (Croatia) so take note that shipping will be expensive if you're far away. Before you pay I will go to the post office to ask what the shipping price to your country will be.

Click my name and send me a Personal Message if you want to buy, or to ask any questions, as I likely won't be monitoring this thread.

Aren't those prices a bit absurd?
I am really close to your country (Serbia) and I would love to buy those out since shipping would be cheap, but your offer is nothing but crazy.

Even Amazon retail price is cheaper than yours...

I'm selling two cards, I hope this is the right thread to post in.

Asus Rog Strix RX 5700 XT (Samsung memory) - $900 plus shipping
Asus Dual RX 5700 (Samsung memory) - $850 plus shipping

Both cards are less than a month old, and they're in my mining rig. I'm reluctantly selling as I'm upgrading to stronger cards and I need the PCI slots.

Only BTC or ETH payments accepted.

I'm shipping from Europe (Croatia) so take note that shipping will be expensive if you're far away. Before you pay I will go to the post office to ask what the shipping price to your country will be.

Click my name and send me a Personal Message if you want to buy, or to ask any questions, as I likely won't be monitoring this thread.

Aren't those prices a bit absurd?
I am really close to your country (Serbia) and I would love to buy those out since shipping would be cheap, but your offer is nothing but crazy.

Even Amazon retail price is cheaper than yours...

Quite absurd... I'm also quite close (Romania) but you can find here brand new 5700XT at 750-800$. Not large quantities but 1-2 are available from time to time.  

There was a grand total of one new RX 5700 XT available for sale in my country last week, Gigabyte, and it was priced at $1010. Now it's no longer available - someone bought it. I bought the exact same one from the same shop the week before for $758. Today I ordered a RTX 3060 Ti for $919 (free local shipping) and I'm happy I was able to get one.

RX 5700 is EOL and you can't buy them anymore.

I'd be willing to go down to $850/$800 but that's it. Not a dollar less.

Good luck with your sale. You are comparing new card prices with your second-hand one.

I can find multiple RX 5700 XT used between 600 and 750 USD in Serbia.

I can find multiple RX 5700 XT used between 600 and 750 USD in Serbia.

You're looking at ads that are 1-2 weeks old. These cards were already sold and you can't buy them. My cards are available.

PM me when you actually get one in hand for $600-700 and I'll publicly admit I was wrong.

I quote what I delete .  I do this to keep thread civil and not argumentative.

[DrX]

You should easily get 5700 / 5700XT card at EU area for 400-500€ / 485 - 605$ (Second hand)

Many people are updating their gaming cards to 6800 / 3080 cards and getting their orders now.

[philipma1957]

To all if you mention you want to sell please link to your add in the forum marketplace. I rather not crowd thread with for sale and whether prices are too high

etcetera.  


Here is a link to my onda builds


I have no sponsors on my channel so it is not click bait. still loading it.

https://youtu.be/TMiByCbUpTY


here is a second build same mobo 3 three card
 loaded it:

https://youtu.be/Qtw5kw5FKpI


Now yesterday I posted I ordered 9 more as I like the onda dp1800 cloned mobo.

But seller contacted me that he ran out and may have then late Feb after New Year Holiday.

So I have 9 vs 18. I need six for sure so I don't have a lot to spare to sell.

I fucked around with them and amazing enough they run smos on a 2gb ram stick

That means as low as $3.50 for ram

https://www.ebay.com/itm/4GB-2x-2GB-Kit-DDR3-PC3-10600s-or-PC3-12800s-Laptop-SODIMM-Memory-RAM/333494068654?


I paid 632 with shipping and gear and tax.  so just about $70 per board.

no need for cpu or cooler add $3.50 for ram and under 75 for a six slot setup.

Yeah don't count on doing 6 cards but you can see the build has 4 cards on it.

power color amd 5700xt ---- 50mh
xfx thicc.    amd  5700xt ---- 50mh
power color amd 5600xt ---- 40 mh
msi             amd 5500xt ---- 25mh


look at screen shots

[generalt]

Now yesterday I posted I ordered 9 more as I like the onda dp1800 cloned mobo.

But seller contacted me that he ran out and may have then late Feb after New Year Holiday.

So I have 9 vs 18. I need six for sure so I don't have a lot to spare to sell.

I fucked around with them and amazing enough they run smos on a 2gb ram stick

That means as low as $3.50 for ram

https://www.ebay.com/itm/4GB-2x-2GB-Kit-DDR3-PC3-10600s-or-PC3-12800s-Laptop-SODIMM-Memory-RAM/333494068654?


I paid 632 with shipping and gear and tax.  so just about $70 per board.

no need for cpu or cooler add $3.50 for ram and under 75 for a six slot setup.

Yeah don't count on doing 6 cards but you can see the build has 4 cards on it.

power color amd 5700xt ---- 50mh
xfx thicc.    amd  5700xt ---- 50mh
power color amd 5600xt ---- 40 mh
msi             amd 5500xt ---- 25mh

If you do have spare I'd definitely interested in buying one.

[philipma1957]

Now yesterday I posted I ordered 9 more as I like the onda dp1800 cloned mobo.

But seller contacted me that he ran out and may have then late Feb after New Year Holiday.

So I have 9 vs 18. I need six for sure so I don't have a lot to spare to sell.

I fucked around with them and amazing enough they run smos on a 2gb ram stick

That means as low as $3.50 for ram

https://www.ebay.com/itm/4GB-2x-2GB-Kit-DDR3-PC3-10600s-or-PC3-12800s-Laptop-SODIMM-Memory-RAM/333494068654?


I paid 632 with shipping and gear and tax.  so just about $70 per board.

no need for cpu or cooler add $3.50 for ram and under 75 for a six slot setup.

Yeah don't count on doing 6 cards but you can see the build has 4 cards on it.

power color amd 5700xt ---- 50mh
xfx thicc.    amd  5700xt ---- 50mh
power color amd 5600xt ---- 40 mh
msi             amd 5500xt ---- 25mh

If you do have spare I'd definitely interested in buying one.

pm sent to you

[AniceInovation]

No one talks about 6800 XT why?
Is it so much worse than the 5700xt, 3080 and 3060 ti?

[generalt]

No one talks about 6800 XT why?
Is it so much worse than the 5700xt, 3080 and 3060 ti?

I have a regular 6800 and I only get about 60 mhs out of it.  For the money the 3060ti gets the same speed at much less cost.  The 5700xt with bios mod can get you 57mhs at a much less cost as well.