Quote from: micucci1127 on June 25, 2011, 12:25:23 AM

I know this question might sound like a n00b just got let loose from the newbie pen on the forum, but do you think the general trend for BTC value will increase overtime as the difficulty increases? I'm not talking short term, im talking 1-2 years from now.

And won't these BTC value increases compensate for the increased mining difficulty?

Jim

At this point in time, despite intentions to the otherwise, BTC is primarily a speculative cryptocommodity. As such, difficulty will follow price, with a lag. Not the other way around. That lag may be months behind the price, not days or weeks. I think the difficulty is just now catching up with the influx of miners that came around (including me) in the rise up through $10-15 BTCs. We're nowhere near the difficulty we'd hit with a sustained $30.

JMHO as a latecomer to the game who did his research and planning before jumping in. I've known about BTC for a while, but didn't do anything with it until this year. Didn't even sign up on the forum obviously until really recently.

I'm small potatoes. I don't have the coins or dollars invested to move the market.