No, Raystonn is right. Before now, it was possible for miners, or wealthy investors that have hired miners, to "buy" bitcoins below market price by mining them. If it's indeed true that the hashrate is leveling out because the cost of power + hardware is equal to current market price at the current difficulty, then that means miners/investors need to actually buy bitcoins at the market price to get them now. It would be quite bullish.
No, that effect would be self correcting: If the price goes up then difficulty should go up as miners bring equipment online to close the gap. Ibid down.
The question is could the miners be a predictive datapoint because:
1) They are more invested than the average bear and follow the bitcoin market closely.
or
2) They are dumber than rocks because they bought miners.
Time will tell. I'm going to grab a box of popcorn and look into this. Good luck!
