.....4 more blocks until a -9% difficulty reduction.
Bitcoin working as designed and all is well.
I really really hope the courts in Florida throw the fucking book at him. He has wasted a lot of taxpayer money in my country.
Looks like we got your >9% decrease. Might be enough for some marginal miners to come back on. In fact if this is the bulk of post halving stabilization, i am frankly surprised. Too easy really...
Hash power up and down through the first six months of the year, but the current hashpower is largely the same as it was at the beginning of this calendar year.
There are likely some miners who are only borderline profitable at these rates and are having some dilemma regarding whether they should turn on their machines.
Meantime 9700ish is not bad. I'd prefer a more relaxed run to 10k and 15k then bursts that then become busts....
Odds are quite low that there would be any kind of gradual movement in the BTC price especially going all the way up to $15k... holy shit.....
, but never say never..
I would expect there to be some battles in the 2019 high levels around $13,880-ish.. and sure, getting above $12k might clear the path to make $13,880 easy-peezy... I am not going to prejudge too much..
(but I will prejudge a little).
For about two years now, I have been asserting that getting above $17.5k-ish would likely clear the path for breaking ATH... so I would expect a certain amount of battle to try to prevent BTC prices from getting above that mid-$17k arena.
I cannot really imagine very many scenarios in which there would not be some kind of an accompanying shitcoin pumpening; however, one scenario could be some kind of major issue with ethereum's phony-ass transition to 2.0 (which not even they want to do), which could allow for BTC to be somewhat reversely correlated to shitcoins (which would be the preferred scenario, that just seems to have low odds, too)... so I am still thinking that several shit projects are somewhat coming along on part of the BTC ride UPpity, at whatever point the UPpity really starts to move (presuming that it is going to at some point, soon-ish
tm)