Quote from: philipma1957 on April 30, 2015, 01:55:43 PM

Quote from: Bittings on April 30, 2015, 01:52:59 PM

Quote from: philipma1957 on April 30, 2015, 12:52:24 PM

What is GBTC and what does it have to do with diff adjustment?

Is it your thought that this will raise the price of BTC?

http://www.nasdaq.com/symbol/gbtc/stock-chart

looks to be put on hold see link above.

there is a rally of sorts as I see coinbase.com at 232 usd

https://www.coinbase.com/charts

GBTC is a kind of BTC ETF and will give opportunities to "normal" investors to invest in BTC. Yes, I believe it affects BTC price in a positive way since there will be new demand for BTC.

And how do I relate to diff adjustment: Well, normally BTC price follows difficulty as what I understand from mining-price relationship. However, I believe (possible) increase in the price of BTC with this kind of demand outside of BTC world will trigger to miners back to BTC mining (regardless of electricity cost or other more profitable sha256 alt mining)
Of course , this is just my speculation.

Would be nice to see this. Demand has not been too good. I am hoping this pushes demand upward.

Funny you think BTC price follows difficulty. I guess it is a chicken or the egg thing.

I have had people tell me price is more dependant on how much people trust in Bitcoin. More of a how much will you put in for how much you believe it will rise. If that makes any sense.