Topic: How difficult affect price? (Read 76 times)
in crypto trading there is nothing difficult. even raising the price up to 100% in one day could have happened so vice versa. so one of the best ways is, no need to panic to sell. we just need to wait and get in at the right momentum. it's just that sometimes people like to believe less if bitcoin will go back up
Difficulty and price are positively correlated - typically as one moves up or down, so does the other. However, the cause is the price.
When miners mine a block, they receive a block reward of 12.5 BTC (this block reward halves approximately every four years). When the price rises, the value of this reward increases, and therefore there is an increased incentive to mine, so more mining hardware is bought and used (and vice versa).
This may seem unusual, since the price has been falling recently, but since it rose very dramatically before this drop, miners basically hadn't caught up yet.
So no, the difficulty rising will not cause the price to rise.
When miners mine a block, they receive a block reward of 12.5 BTC (this block reward halves approximately every four years). When the price rises, the value of this reward increases, and therefore there is an increased incentive to mine, so more mining hardware is bought and used (and vice versa).
This may seem unusual, since the price has been falling recently, but since it rose very dramatically before this drop, miners basically hadn't caught up yet.
So no, the difficulty rising will not cause the price to rise.
Hi,
Maybe has no effect, but after 11 days, difficult will be increased 16.5%, what do you think? If it's more difficult, it should raise price?
Ty.
Maybe has no effect, but after 11 days, difficult will be increased 16.5%, what do you think? If it's more difficult, it should raise price?
Ty.
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