Next bear market might not be that bearish

[BitKongy]

If Nvidia knew about bear market why did they decide to build LHR in GPUs anyway? Maybe they believe or know that mining profitability won't go way down any more because of crypto mass adoption? The next bear market might not even be what many expected

[1714036629]

1714036629

[Metroid]

if the "Next bear market might not be that bearish" then the next bullrun might not be that bulish, all the bullruns were extreme because the bearruns were extreme, 2 extremes, if there are no extremes anymore then nobody will invest in this market, greater risk, great returns.

[Squezzi55]

Metroid is right it's why I still feel that CoViD19 was unleashed intentionally to cripple the stock market and every assets in the world so some people can use that as an opportunity, the greater the dip the higher the bulls will go, make sense IMO

[rdluffy]

I don't think Nvidia can predict any movement on cryptomarket

They did LHR cards to supply gpus to gamers, who are the long term customers and will continue buying gpus to play for years
Miners buy cards when it's profitable, tons of hardware, but the long term here is gamers, and for months and months were almost impossible to any gamer find a card with a reasonable price, and people started to buy consoles instead of a PC with a good GPU

[Bitcoin_Arena]

Your assumption is wrong. Every market has both a bull and bear run. The tricky bit is predicting when a bull or bear run will happen. It's almost impossible to do so but be very sure that it will happen sooner or later.

Like the old saying goes... "What goes up must come down"
Nvidia like any other good manufacturer was trying to make sure they cover all the market or else some competitor is always looking for away of coming in and overthrow them. You can leave such gaps if you are a serious manufacturer.

[anu1908]

lhr has nothing to do with next bear market or bull market. it's just nvidia's way to make more money and improve their image for their main customers (gamers, pc enthusiast, etc). might as well say next bear market is not that bad since the us don't comment anything on it.

[Bravehash]

I don't blame you  when things stays the same for too long it will stay looking like it will remain the same forever, do not be fooled because bear market is inescapable and actually this is what keeps balance in crypto space, volatility is 100% real

[swogerino]

Bear market usually has a lot of factors involved in order for it to come alive.The two main factors are the price of the crypto which is being mined and its network difficulty.If this is price of crypto high and network difficulty low then bear market won't come until these factors change.I don't think lhr cards have anything to do with it.

[batsonxl]

For any investor buying BTC for 50k not interesting. but buying for 15K is interesting.and selling it for 100k even more interesting

[FP91G]

Institutional clients are pushing NYDIG and Fidelity to offer more ETH services
https://www.theblockcrypto.com/daily/114254/institutional-clients-are-pushing-nydig-and-fidelity-to-offer-more-eth-services
Many companies will buy equipment for mining Ethereum
Probably investors think that Ethereum 2.0 will start working later, as the developers promise.

[Metroid]

I have been saying at least since this bullrun started that eth 2.0 will only start on the next bullrun, anybody saying eth 2.0 is coming this year or next is blatant lying, eth devs focus on hyping cycles, yeah you might listen something about devs saying eth 2.0 might come this year or next but that is only hyping and nothing real. So the truth is, they want you to keep your eth so they can push the price to a peak then they will empty their bags and then crash eth 20 times then keep eth down there and then eth 2.0 coming they will hype and earn more money. Do not be a sheep thinking eth long term, if you think long term you will not get the best of the crypto market, remember that whales dont earn money only on bullruns, they earn money on bearruns too.

[adaseb]

Nvidia launching the LHR GPUs has nothing to do with a bear or bull market in crypto. The reason why they launched those GPUs is because gamers for about a year have been complaining that there are no GPUs for sale in stores because miners keep buying out all the stock. And what made it worse is the covid mess which less to less chip supply. And you got scalpers who want like 50% more for the GPUs MSRP.

They wanted to stay loyal to miners hence why they launched this LHR. They don't care if the crypto market is bullish or bearish. On most of their earnings reports they do forecasts without relying on crypto mining being profitable that they will sell more GPUs. Most likely not all their GPUs will be LHR. This is a temporarily measure.

[Refrumatrix]

Bear market usually has a lot of factors involved in order for it to come alive.The two main factors are the price of the crypto which is being mined and its network difficulty.If this is price of crypto high and network difficulty low then bear market won't come until these factors change.I don't think lhr cards have anything to do with it.

If the price of crypto is high why would network difficulty become low? Isn't that talking about mining difficulty? Correct me if I'm wrong but once price surges mining reward will also looks nicer too meaning more miners will join and network difficulty will go higher too

[philipma1957]

I have been saying at least since this bullrun started that eth 2.0 will only start on the next bullrun, anybody saying eth 2.0 is coming this year or next is blatant lying, eth devs focus on hyping cycles, yeah you might listen something about devs saying eth 2.0 might come this year or next but that is only hyping and nothing real. So the truth is, they want you to keep your eth so they can push the price to a peak then they will empty their bags and then crash eth 20 times then keep eth down there and then eth 2.0 coming they will hype and earn more money. Do not be a sheep thinking eth long term, if you think long term you will not get the best of the crypto market, remember that whales dont earn money only on bullruns, they earn money on bearruns too.

This is a prediction I agree on.

They will allow POW as long as possible

ETH hash is back to all time high.

ETH mining makes a fucking fortune for AMD and Nvidia.

Slow chip production is predicted until 2023. 

all these factors suggest mine on and grow your farm very slow but steady.

Were are adding 3 more 30 amp 240 volt circuits to a gpu room.  That is about 30 x 240 x 3 =21600 watts x .8 = 17280 watts or 17.2 kwatts an hour more power.

I got 2 of these cases.

https://bitcointalk.org/index.php?topic=5330379.0


I will be trying to use them to make 6 card 3090 rigs. so they will use about 1800-1900 watts a case. we could add 9 of them. 3 to each new circuit.  they should do 660mh a rig.

[Gorosden]

I have been saying at least since this bullrun started that eth 2.0 will only start on the next bullrun, anybody saying eth 2.0 is coming this year or next is blatant lying, eth devs focus on hyping cycles, yeah you might listen something about devs saying eth 2.0 might come this year or next but that is only hyping and nothing real. So the truth is, they want you to keep your eth so they can push the price to a peak then they will empty their bags and then crash eth 20 times then keep eth down there and then eth 2.0 coming they will hype and earn more money. Do not be a sheep thinking eth long term, if you think long term you will not get the best of the crypto market, remember that whales dont earn money only on bullruns, they earn money on bearruns too.

This is a prediction I agree on.

They will allow POW as long as possible

ETH hash is back to all time high.

ETH mining makes a fucking fortune for AMD and Nvidia.

Slow chip production is predicted until 2023. 

all these factors suggest mine on and grow your farm very slow but steady.

Were are adding 3 more 30 amp 240 volt circuits to a gpu room.  That is about 30 x 240 x 3 =21600 watts x .8 = 17280 watts or 17.2 kwatts an hour more power.

I got 2 of these cases.

https://bitcointalk.org/index.php?topic=5330379.0


I will be trying to use them to make 6 card 3090 rigs. so they will use about 1800-1900 watts a case. we could add 9 of them. 3 to each new circuit.  they should do 660mh a rig.

Another reason why I believe that PoW algorithm isn't going no where is for the fact that big ASIC companies never adjusted to the news that's been spreading since 2020 that ETH is abandoning PoW, why is that? ASIC companies are multi millionaires too, if this is going to stop their business why bring new ASICS to the market then?

[CrossroadBTC]

Those who sold their GPUs because they think ETH is going POS will be pissed later, presently few of my friends still think so lol I knew ETH and PoW can't separate anyways, it's more like PoW algorithm is what defines ETH hahaha, here I am buying more GPUs anyways

[HashingTower]

If the next bear market isn't going to be bearish why call it bear market then? Any good market isn't bear market and any bear market is bear market, there is no good bear market and bad bear market lol

[fmz89]

If Nvidia knew about bear market why did they decide to build LHR in GPUs anyway? Maybe they believe or know that mining profitability won't go way down any more because of crypto mass adoption? The next bear market might not even be what many expected

Hahaha the bear market always ended up worst, 2014-2015 isnt bad as 2019 bear market, many victims more common in 2019, and many project die burned by internal trading, the dump always brutal, look april 2021 how bad is it? Is just correction, next bear market will dump widely and same as always

[FloridaKid]

Don't let your guide down, whales and rich people target BTC halving for a reason because BTC value is always meant to adjust since it gets more difficult to earn BTC through PoW, volatility is inevitable in crypto space and once bears march in no good news can turn things around anymore until the next circle of BTC halving