Post
Topic
Board Service Discussion
Re: CEX.io GHS Bubble ?
by
picolo
on 02/07/2014, 14:08:39 UTC
Still it does not make sense. GHS/BTC price should theoretically follow the difficulty increase. So for 25% diff increase the price should have decreased by 25%, i.e. from 0.0075 to somewhere around 0.0052.. Even though it dropped to 0.006 for a minute, it is now around 0.0067 which is less that 10% drop.
This means the market is extremely optimistic about the ROI of their investment..

GHS price can go up because there are more new buyers or the market thinks the market will keep its GHS at this price Wink