Post
Topic
Board Beginners & Help
Re: Difficulty and market price...
by
bitcoin44me
on 15/07/2013, 11:55:06 UTC
Traditional wisdom says that price does not follow difficulty.  If anything, it is the other way round and difficulty follows price as mining becomes more lucrative.


Why?
They both should follow the same trend.


Let's assume you have a very low difficulty, a lot of miners will start mining, and difficulty => price.
I would say that price and difficult should follow the same trend, but it's difficult to say which one follows this one.
I think that difficulty is the first, because it is basically what miners do, and price has to follow it (?)

Hmmm