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Author Topic: Difficulty = 567358  (Read 5081 times)
HudsonStan
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June 07, 2011, 06:28:08 AM
 #41

In 20 days difficulty will be nearing a million.

There is no such thing as "needing" to break a barrier or drop down in price. Supply and demand of bitcoins will dictate a fair price.

The fair price at the moment is around $18 to $19.
Yes, it is possible.
But if price goes too high... supply can bump up followed by panic sellout. Final price can be $12 or even $0.1. I'm expecting some correction during this or next diff. level.
Fair price at this moment is about $10. $18 is overvalued price by expected increase of difficulty and net hash rate.

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bcpokey
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June 07, 2011, 06:49:56 AM
 #42

In 20 days difficulty will be nearing a million.

There is no such thing as "needing" to break a barrier or drop down in price. Supply and demand of bitcoins will dictate a fair price.

The fair price at the moment is around $18 to $19.
Yes, it is possible.
But if price goes too high... supply can bump up followed by panic sellout. Final price can be $12 or even $0.1. I'm expecting some correction during this or next diff. level.
Fair price at this moment is about $10. $18 is overvalued price by expected increase of difficulty and net hash rate.

Based on... what exactly?
Chakravanti
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June 07, 2011, 06:58:35 AM
 #43

And here I thought the inflation was due to real demand generated by articles like this:
http://current.com/news/93262592_the-underground-website-where-you-can-buy-any-drug-imaginable.htm

You probably don't even need to click the link if you're already here.

Also this: http://forum.bitcoin.org/index.php?topic=12682.20

Noting that 58xx GPUs are out of stock everywhere.
bcpokey
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June 07, 2011, 07:01:08 AM
 #44

And here I thought the inflation was due to real demand generated by articles like this:
http://current.com/news/93262592_the-underground-website-where-you-can-buy-any-drug-imaginable.htm

You probably don't even need to click the link if you're already here.

Also this: http://forum.bitcoin.org/index.php?topic=12682.20

Noting that 58xx GPUs are out of stock everywhere.

There is a demand for bitcoins, for both legal and illegal purposes. The legal purposes are useful, the illegal ones... we'll see.

5850s being out of stock have nothing to do with anything really.
HudsonStan
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June 07, 2011, 10:38:09 AM
 #45

Based on... what exactly?
Price/difficulty ratio for example. I think P/d at level 3+ is unsustainable.
http://forum.bitcoin.org/?topic=7427.0

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