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Why? We are talking about a specific case. Don’t get me wrong, I love generality, but it’s clear that the trees don’t let you see the forest here. Sellers wer
by xondono 5y ago
Why? We are talking about a specific case.
Don’t get me wrong, I love generality, but it’s clear that the trees don’t let you see the forest here.
Sellers were as greedy before the price rise, so greed is not the cause.
The difference here is that:
1) Supply difficulties mean there’s less in offer.
2) crypto miners have strong demand, since they can make money on those gpus.
I would argue that the market is working fairly well, since gpus are being allocated for their best use. Gaming is great, but people seem to really love their eth.