Quote from: Denker on August 17, 2017, 09:12:56 AM

He is always saying price has to follow hashrate/difficulty. But that is completely wrong.
Hasrate follows price!!
If price goes down significantly over longer period of time, miners will shut down some of their mining hardware, therefore hashrate decreases and difficulty goes down.
If price later goes up again, miners will switch on these mining hardware again cause it's getting more profitable again, therefore hasrate increases and difficulty goes up. This is Bitcoin mining 101!

Then this is really good news for BitcoinCash miners and investors. It is now being pumped and might be over $500 per BCC this weekend.

If some hash power transfers to BitcoinCash, will that make the price of Bitcoin decrease? I believe it will take a longer time for the difficulty to adjust in BTC.