Post
Topic
Board Speculation
Merits 21 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 25/01/2022, 01:41:30 UTC
⭐ Merited by PoolMinor (10) ,bitmover (6) ,vapourminer (5)

Might seem counter-intuitive but it is mining difficulty that drives price not the other way around.


How on earth did you come to such an erroneous conclusion? That makes zero sense.


Makes sense to me.

Mining ⛏ difficulty is the backbone of btc.

btc is created by converting energy to coin.

more difficulty means more power is needed to mine a coin.

thus the base value of a coin is determined by power needed to mine it.

He is making perfect sense.

Any one that does not agree simply should go for pos coins and leave this thread 🧵

how is that for fighting words.

Now I stand by that.