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I think a big reason crypto exploded is tied into prices of graphics cards. Anyone else think so? Miners use them to generate coins, and there was a huge shortage of them. The cards released in 2020 were mining monsters, it makes sense that miners scooped them up. The limited supply left for consumers drove up prices 200-300% above MSRP. The graphics card price inflation nearly mirrored crypto.

Now the cards are coming back down in price because in part, China shutting down miners. Now there's a huge used card supply, and sales have hit a dead end. This drives the price of cards down, along with the fact next Gen cards are half a year away. Prices have to come back down to earth and lo and behold crypto follows right along.

Also curious that Blackrock and Vanguard have controlling shares in both AMD and Nvidia. Shows that they heavily manipulate the markets.

I think a big reason crypto exploded is tied into prices of graphics cards. Anyone else think so? Miners use them to generate coins, and there was a huge shortage of them. The cards released in 2020 were mining monsters, it makes sense that miners scooped them up. The limited supply left for consumers drove up prices 200-300% above MSRP. The graphics card price inflation nearly mirrored crypto. Now the cards are coming back down in price because in part, China shutting down miners. Now there's a huge used card supply, and sales have hit a dead end. This drives the price of cards down, along with the fact next Gen cards are half a year away. Prices have to come back down to earth and lo and behold crypto follows right along. Also curious that Blackrock and Vanguard have controlling shares in both AMD and Nvidia. Shows that they heavily manipulate the markets.

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[–] • -1 pt

You have the causality backwards. Ready about the "labor theory of value". It is a marxist fallacy that you seem to believe in.

When shitcoins (that is to say, any cryptocurrency other than Bitcoin) go up in value, people buy more graphics cards in order to make more money mining. Graphics cards don't make the price of shitcoins go up. Shitcoins make the price of graphics cards go up.

Bitcoin isn't mined with graphics cards. It is mined with special chips made just for Bitcoin mining.

China shut down bitcoin mining, which has no effect on graphics cards. Also, those mining machines were just sold to people in other countries, so it isn't like they are shut down.

[–] • -1 pt

You believe we live in a free market? Lol Blackrock is Nvidia's biggest stock owner. You think it's beyond them to manipulate markets when they do it all the time?

Bitcoin isn't mined with graphics cards.

We're done here. You keep saying these easily verifiable lies.