Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Introducing the Bitcoin Difficulty Ribbon. When the ribbon compresses, or flips negative, these are the best time to buy in and get exposure to Bitcoin. The ribbon consists of simple moving averages on mining difficulty so we can easily see the rate of change in difficulty.
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https://twitter.com/woonomic/status/1156968533462413313?s=21
I wonder if difficulty will ever start to just somewhat settle especially with node size getting harder and harder to shrink.via Imgflip Meme Generatorhttps://twitter.com/woonomic/status/1156968533462413313?s=21
We should see a dump in some BTC difficulty soon. There was a lot of ASIC makers who made 50/50 handshake deals with hydro utils in China because of excessive rain
and excess electric. you let us run our outdated or stuff we can't sell for free and we will split the coin with the hydro power you bleed off.
I should google and see if China this summer has started to dry up yet.
If/when it does, I'd 'guess' you will see a drop of 20% or some such.
But people being people it likely will not matter much to BTC difficulty and will pop right back up again, even if my guess is right.
Betting on Moon seems to be the crypto pastime, with ASIC miners as the 'chips'
Brad