take a look at this guys :
Bitcoin Difficulty: 40,300,030,328
Estimated Next Difficulty: 39,867,730,520 (-1.07%)
Adjust time: After 1682 Blocks, About 11.8 days
https://bitcoinwisdom.com/bitcoin/difficultywhat could this mean for the future of bitcoin ?
Just barely 2 days into this retarget and you trust the numbers? Those numbers are based on averages and as we move through the blocks, that average gets more accurate. Being ~2 days in means we are only 300 blocks of the 2016 block period. Give it some time to average out.
The difficulty may drop at any time, and becomes more likely to happen, the longer/deeper this bear market goes.
Difficulty has no bearing on price, so nothing will happen except maybe inefficient miners who want Bitcoins will start buying instead of mining.
i bet to differ. a difficulty drop will entice more miners to switch on redundant rigs, putting more BTC into the market, thus, having effect on price.
BTC price is largely commanded by market demand, and with lower difficulty, market demand to purchase BTC goes down - as does price.
difficulty has many unseen influences on price, it is ignorant to think otherwise.