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Author Topic: Mining Difficulty Dictates Price?  (Read 3999 times)
Notanon
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December 12, 2013, 05:15:38 PM
 #21

Once most of the coins that were mined cheaply a couple of years ago start to become scarce as more people start to hoard them (i.e. the Chinese and maybe Indians next), the price per coin will start to turn in favour of the miners. And as the difficulty gets much higher, then the miners themselves will be in a stronger position to influence an increase in price to offset their costs. It'll only be a matter of time.
bumpk1nK
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December 12, 2013, 05:27:54 PM
 #22

As the price goes up more people want to mine it, so the difficulty goes up.  The difficulty doesn't predict the price, it's the other way around.

This.

Price is dictated by the market (supply and demand). Mining does not affect either (much).


People buying mining equipment now without chance of return the investments at curent BTC price. So people will not want to sell , thus decreasing supply and increasing price

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