PC Crypto ban in China and Bitcoin Crash help reduce GPU prices, huge mining card stocks being dumped on market.

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Simonsayz

Simonsayz

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Bitcoin dropped from ~$64,000 value of 15th April, 2021 to below $30,000 this week. Other Cryptocurrencies were also on decline. This latest crypto crash is due to the recent crackdowns in China on crypto mines because of high energy usages and Elon Musk's ban on accepting Bitcoin as Tesla payment among other factors.

www.marketwatch.com

As crypto crash wipes out $1.3 trillion, here's what some pros advise about buying bitcoin, dogecoin, other assets

What's an investor to do as crypto enters a new stage in 2021? Free fall ?
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Following a steady decline, a lot of investors dumped their crypto currencies on to the market, flooding the market and causing further decline. In China, miniers have already started dumping huge stocks of mining equipment, including GPUs on to the market causing GPU prices to drop to almost half.

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Expect the same globally, and on PG & OLX, but be aware of mining cards lifespan and performance. But overall stocks seem to be increasing globally as well.

www.tomshardware.com

Falling Europe GPU Pricing Suggests Shortage Is Easing

This could be the beginning of the end of the graphics card shortage.
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Hardware- und Nachrichten-Links des 19./20. Juni 2021 | 3DCenter.org

Der Grafikkarten-Markt der neuen RDNA2- und Ampere-Karten hat sich gegenüber dem Stand vom Mai-Ende erneut positiv bewegt, wobei sich beachtbare Differenzen zwischen AMD- und nVidia-Angeboten ergaben. Denn bei AMD tat sich nicht wirklich viel, kam es
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iampasha

iampasha

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No one should buy these cards, unless for dirt cheap like less than half of MSRP. Show these miners thier aukaat.
 
exiooew

exiooew

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Nov 4, 2020
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The only disadvantage of cryptocurrency is its price volatility. Bitcoin today can be worth 56 thousand dollars, and tomorrow its price will drop sharply to 30. And this can happen with any cryptocurrency. As for crypto casinos, I like this much more. At least the fact that no one regulates Bitcoin and you do not need to pay taxes to the state on the amount you won. Can you advise the best Hi Lo gambling game? Any ideas?
 
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MaxMart

MaxMart

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Aug 9, 2023
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Your insights shed light on the significant impact of events in China and Elon Musk's decisions on Bitcoin's value. The way the market responded with investors selling off their holdings and the subsequent drop in GPU prices due to mining equipment flooding the market is truly intriguing. It's fascinating to witness how these global events can lead to changes in supply and demand for hardware components. For those interested in navigating the market changes, staying informed through platforms like Immediate Edge could provide valuable insights. The evolution of the cryptocurrency landscape continues to be a topic of interest, even years after these events took place.
 
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farbwn2

farbwn2

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Cryptocurrency is against paper currency's long standing hegemony. so these forces will oppose this change fierce fully.
 
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