Does Nvidia's Result bring a positive impact on Bitcoin?

[dunfida]

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It's talking about how Bitcoin went on a rally ahead of Nvidia's results and an anticipated Powell's Speech. Got me thinking – what's your take on this? Do you think there's a connection between Bitcoin's movement and these events? Curious to know what you think about the impact it might have on the Bitcoin scene.

Went through the article and it looks funny regarding some of the claims like the BTCitcoin market will rally in correlation with the stock market and i cannot understand how a rally in Nvidia will have a positive impact on BTCitcoin as they never launched a BTCitcoin miner nor planning to launch one.

Actually these graphic card companies benefited greatly because of the cryptocurrency market as many of their high end cards used to sell like hot cakes as miners used to purchase them in bulk while the actual gamers find it hard to get hold of a card.  

Wayback when mining is still that profitable and relevant then those gpu's are really that totally expensive to buy or the worth isnt really that justfiable which these companies are really that taking advantage because of that sudden huge demand due to mining but now the prices had already that normalized knowing that halving and rising mining difficulties are off the charts and this is why lots of miners had already given up on doing such activity.

In regarding about that dedicated graphics card for mining. Arent you aware?


NVIDIA Cmp Hx
Dedicated GPU for Professional Mining
https://www.nvidia.com/en-us/cmp/

Sentiments like this doesnt always come with having that significant impact on price of the market specially on Bitcoin.
Neither on other news as well which it doesnt always have that kind of relevance on moving out its value.

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[el kaka22]

To be fair we are talking about GPU mining when we are talking about Nvidia and that's not as hot topic as it used to be. I understand that some people may want to see it like that even still, but that's not really going to happen that often. I think it is going to be a little different this time around. I get that it is not that easy to handle it, but we could still make it happen one way or another.

I think it should be important to make a distinction in this case for sure. I get that some people may want to have some different results but Nvidia will not have as much of an impact on this as you might guess it could. I think the best thing to do in this case would be to make sure that we are ready, but not expecting.

[Wind_FURY]

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It's talking about how Bitcoin went on a rally ahead of Nvidia's results and an anticipated Powell's Speech. Got me thinking – what's your take on this? Do you think there's a connection between Bitcoin's movement and these events? Curious to know what you think about the impact it might have on the Bitcoin scene.

Went through the article and it looks funny regarding some of the claims like the BTCitcoin market will rally in correlation with the stock market and i cannot understand how a rally in Nvidia will have a positive impact on BTCitcoin as they never launched a BTCitcoin miner nor planning to launch one.

Actually these graphic card companies benefited greatly because of the cryptocurrency market as many of their high end cards used to sell like hot cakes as miners used to purchase them in bulk while the actual gamers find it hard to get hold of a card.  

There's a conspiracy theory that says that NVIDIA's outstanding performance in sales and revenue this year was stimulated by GPU sales, and those orders came from CoreWeave. But the problem - CoreWeave might merely be a shell company backed and built by? - BlackRock and NVIDIA, and BlackRock is one of NVIDIA's largest shareholders. If that's all true, then everyhing about it is fake and it will definitely CRASH.

[OgNasty]

After thinking about this a little, I think the AI boom that Nvidia is currently benefitting from will likely have a negative impact on crypto miners who typically rely on GPUs for their revenue. With AI becoming the main thought for Nvidia and investors now heavily invested and wanting profits, I could see this resulting in higher prices across the board.