Post
Topic
Board Mining
Re: Difficulty = 567358
by
bcpokey
on 07/06/2011, 06:49:56 UTC
In 20 days difficulty will be nearing a million.

There is no such thing as "needing" to break a barrier or drop down in price. Supply and demand of bitcoins will dictate a fair price.

The fair price at the moment is around $18 to $19.
Yes, it is possible.
But if price goes too high... supply can bump up followed by panic sellout. Final price can be $12 or even $0.1. I'm expecting some correction during this or next diff. level.
Fair price at this moment is about $10. $18 is overvalued price by expected increase of difficulty and net hash rate.

Based on... what exactly?