Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: What is really the value of Bitcoin?
by
hosseinimr93
on 18/06/2021, 12:56:05 UTC
⭐ Merited by NeuroticFish (1)
I am also not convinced that a "crypto winter" decreases the difficulty accordingly (in percents).
Correct.
While bitcoin price has decreased from 63,800 dollar to 37,500 (about 41%), the difficulty has decreased only about 14%.
Even when the price dropped to 3,200 dollar from 19,800 (about 83% decrease) in December 2017 - December 2018, the difficulty increased nearly 200%.

The difficulty has been increasing smoothly all the time.


Source: blockchain.com