Bitcoin taking a momentary dip means Newegg needs to drop prices on GPUs? Hilarious.Bitcoin took a nosedive and it looks like Newegg realizes they better drop their prices if they want to keep selling cards.
That's probably what he is saying. My thoughts are that the people with huge volume in the crypto market, are likely selling off at the beginning of the year to secure gains that are tax differed until 2019. By selling off a large volume of coins they can make a run on the market as well [since it's highly volatile] and thus drop the overall price down, and when they buy back in they're able to secure additional yield through 2019+. Even with the price drops getting some crypto -- if you have money you're not afraid to lose -- may be advisable [though this isn't me telling you to do so] since the market could recover quickly and rise through the ceiling current predictions indicate. Think of it this way, as the internet progresses over the next 50 years, more and more international business is going to be conducted by average consumers. With these transactions, money has to change from USD to EU, etc. Wouldn't it be nice if you could have a central currency to exchange into and hold that way when it came time to purchase you would have the money in the proper conversion without third party to conduct the transaction [paypal, etc.]? I purchased a pasta machine from Italy this past winter, and it was like 3% in Paypal fees on a >$1000 purchase. If we could have had a secure transaction in crypto facilitated by something like Ripple, it may have saved some cash.
$400 but its all good, picked up a brand new sealed 1060 6GB EVGA SSC for $360 locally off craigslist. im good now.
Will wait till the 11 series is out to build a legit new gaming pc.