Bitcoin difficulty will drop in 8 days.

[NeuroticFish]

Ask to the gamers who cannot buy an RTX video card because of that!

They also cannot buy those video cards because of the worldwide chips shortage.

it is fair to draw that the difficulty will drop.

The difficulty drop is small and for the miners, although it makes mining a tiny bit easier, it decreases the revenue from tx fees. If we talk about small percents, this fits in.
I don't think that it'll make such a difference.

What will be the consequence for the BTC value?

My guess is that it will raise, because of that. The market should take this in account in advance.

Coins mined easier should mean the miners can sell cheaper.
Also since tx fees will drop, it will also be easier for weak hands to sell.
So the price should fall by your logic.

But I think that it has fallen enough, the rebounding will continue and the small change in difficulty will be basically unnoticeable in the price.

[rahmatrf331]

https://btc.com/stats/diff

With the current situation, the Chinese ban on mining, and the fact that the difficulty raised last time, it is fair to draw that the difficulty will drop.
What will be the consequence for the BTC value?

My guess is that it will raise, because of that. The market should take this in account in advance.


https://btc.com/stats/diff

your guess is right, BTC will rise again after a few weeks the value of BTC falls along with other altcoins. but all of this should not come as a surprise because this has happened before and is happening again today.

I think this is all the time laps that we are not aware of and seem strange to see.

[SaveOurSea]

https://btc.com/stats/diff

With the current situation, the Chinese ban on mining, and the fact that the difficulty raised last time, it is fair to draw that the difficulty will drop.
What will be the consequence for the BTC value?

My guess is that it will raise, because of that. The market should take this in account in advance.


https://btc.com/stats/diff

indeed it is quite wise, the Chinese government prohibits mining of cryptocurrencies, especially Bitcoin, it has been considered,
that miners currently do not have much profit from that, statistics say the level of mining difficulty is getting higher,
of course this makes miners change their profession to become a trader.

[Kong Hey Pakboy]

You still have two days to prove that bitcoin isn't going to be alright but I am still careful because whatever happens after that is out of control and we don't know what's going to happen next. I don't think that this ease this week is going to last that long, I feel like there's going to be another bad news really soon but I might be wrong about it.