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Topic: Bitcoin difficulty will drop in 8 days. - page 2. (Read 366 times)

legendary
Activity: 1624
Merit: 1200
Gamble responsibly
https://btc.com/stats/diff

With the current situation, the Chinese ban on mining, and the fact that the difficulty raised last time, it is fair to draw that the difficulty will drop.
What will be the consequence for the BTC value?

My guess is that it will raise, because of that. The market should take this in account in advance.


https://btc.com/stats/diff
When did China ban mining? I think that is wrong, China did not ban mining, or can you provide us the source you read it?

If China ban bitcoin mining, the price of bitcoin and all other cryptocurrencies will reduce but bitcoin will always survive. China can not even ban mining, it is not possible to ban what is feeding thousands or millions of people. It will have negative effect on some industry in China like the mining hardware manufacturing companies and few others.
hero member
Activity: 1946
Merit: 502
Maybe before 8 days price already recover whether difficult drop or not, since this space is highly unpredictable and can take us by surprise it is very likely things will turn around before then, most price pump don't usually have a significant reason, just suddenly the price will reverse and left people wondering what happened.
legendary
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
The estimated 3% drop isn't even consequential. Furthermore, drops in difficulty aren't even uncommon. You can see from the history that the difficulty has dropped in 4 out of the last 12 cycles.  You shouldn't expect it to be a factor in the price.
full member
Activity: 615
Merit: 154
CEO of Metaisland.gg and W.O.K Corp
https://btc.com/stats/diff

With the current situation, the Chinese ban on mining, and the fact that the difficulty raised last time, it is fair to draw that the difficulty will drop.
What will be the consequence for the BTC value?

My guess is that it will raise, because of that. The market should take this in account in advance.


https://btc.com/stats/diff
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