Post
Topic
Board Speculation
Re: $470 -> $420 Starting to crash? Or short term adjustment?
by
Was
on 12/12/2015, 05:30:39 UTC
Can't go down to much past 400. Have you seen the difficulty? Its going crazy and miners cant fine for free. They add hash power with the intention of selling for the price at the time that they added the GH/s. I think what we're seeing is organic upward pressure, increased positive news coverage, and amongst the financial community at that; those guys have money, right?.

Coupled with the fact that its's becoming more and more expensive to mine for a profit, especially since the halving is coming up.

Brace for launch long term (and great volatility 2016).