Allen
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Joined: Oct 1999
Posts: 8,854
Ohio USA
Quote
Bitcoin price plunges after cryptocurrency exchange is hacked
[Bitcoin] lost $500 (£372) in an hour, dropping to $6,627 on the Luxembourg exchange Bitstamp, while most other digital currencies also recorded large losses.
US regulators were investigating potential price manipulation at four major cryptocurrency exchanges
“Plenty of latecomers to the cryptocurrency rally have had their fingers burnt, have taken their losses (or are still sitting on them) and have vowed never to return,”
Today, Bitcoin price was within a fraction of lowest in over a year. Profitability was lowest in years. Price manipulation seems to have been there from the beginning (in my readings).
Today, at Newegg, the cheapest 3 Fan GTX 1080 is $540 and the cheapest 3 Fan RX Vega 64 is $570 (both include a free game). The cheapest GTX1080Ti is $750.
At release, the Reference RX Vega 64 list price was $500 -- and custom 3 fan cards were expected to be $50 more. That price jumped up quickly after release due to increased HBM2 memory prices that (some speculate) added close to $50 to the cost. Hence, it was not unusual to pay roughly $600 for a Vega 64, even at the beginning. Thus, $550-$600 list price (more or less) is not way out of line for AMD cards like these -- particularly if one wants to use their "compute" functionality.
But, as has been noted in various SimHQ threads, now's not the time to buy -- unless one very much wants a particular model and it goes on good sale (my rational-ization ). I assume the price will continue to drop.
). I assume the price will continue to drop.
