Quote from: adaseb on May 21, 2019, 06:24:49 AM

Quote from: DrG on May 21, 2019, 12:56:32 AM

Quote from: adaseb on May 20, 2019, 05:50:17 AM

Quote from: DrG on May 19, 2019, 11:03:36 PM

I sold off my entire farm last year except for 1 rig and I'm mining UBIQ.

It's true 1060s can scrape a little money off ETH even at 10 cents but you have to consider that 1060 3gb cards are being sold on eBay for $70 when they were going for $150-$200 last year at this time. I took the proceeds from liquidating my rigs and bought ETH at $7x during the dip.

So I faired a lot better by getting out and if I want to get back in I can liquidate the ETH and buy 2060s to mine with but they seem meh at this point.

The 1060 3GB tanked the most out of all the second hand GPU market because around the time that the Crypto markets were crashing and profitability was going down, they could no longer mine ETH due to the DAG being too large to fit in the 3GB of GDDR.

Also how did you buy ETH at the $70's range when the lowest price it ever hit on most exchanges was around $80.50 or so. Last time it was $70 was actually exactly 2 years ago in May 2017.

Yeah that 3GB card tanked the most. Even the RX faired better because they can still mine eth presently.

I had a standing buy order at Polo for $78.51 I believe and it went through, I have to log in and check the exact date. I'm so hands off now though because I tend to make more mistakes the more I micro manage things. I do much better with set it and forget it orders than I return to 6 or 12 months later. I stopped using Polo though so I don't even remember my logon credentials lol.

I checked Poloniex's market for ETHUSDT, and it looks like the low was $82, maybe Tradingview has incorrect data, especially if there was some quick wick that wasn't registered.

I've also sold some old R9 280X GPUs and bought small amounts of BTC and ETH during the dips. However after it went lower than $4000 in November, I got scared and stopped buying it because it looked like $2000 or $3000 would come very soon.

Same with ETH, bought some around $100 because was very sure it would hold but it broke and it looked like it would hit either $75 or $50 and wanted to buy more there.

Most don't realise but even though you get excellent deals during bear markets its hard to get over that fear that it can still go lower, which it never did and you missed out.

I get that sentiment, but I've been scared off by BTC since it dropped from 33 to $2 and I stupidly sold at $5. Remind yourself by putting it in writing on paper on your trading binder "hey dummy, ETH at $100 is a great deal". If you felt that way when you picked it up at $100, then it's an even better deal at $80. The thing is people just go all in at once and don't dollar cost average or save reserves. $1000 at $80 buys more than $1000 at $1000. Yeah it's hard to tell the brain that the rollercoaster is going to go back up when your sphincter is puckering but that's why we have rational minds who see it all as manipulation and irrational exubarance.

Only took me 5 years to figure that out haha. But I never sold the BTC I bought at $900 when it was coming down from $1200 back in 2012. I'm still up 8x - better than anything short of Netflix and Amazon.