Peercoin difficulty based Bitcoin price technical analysis BTC should be 113 USD

[QSTproducts]

Peercoin is trading at around 0.73 USD
Its difficulty is 155 times less than BTC

0.73 * 155(diff multiplier for BTC)  = 113 USD per BTC hypothetically

SO if Peercoin had BTC's hashrate technically the Peercoin price could be 113 USD

SO soon BTC price might as well be 113 USD technicals of peercoin support this scenario.

[Wulfcastle]

Peercoin is trading at around 0.73 USD
Its difficulty is 155 times less than BTC

0.73 * 155(diff multiplier for BTC)  = 113 USD per BTC hypothetically

SO if Peercoin had BTC's hashrate technically the Peercoin price could be 113 USD

SO soon BTC price might as well be 113 USD technicals of peercoin support this scenario.

Such logic, very wow

[jwinterm]

^lol

There are several problems with this analysis though.

1) There's about 8M more peercoins than litecoins bitcoins, almost double. Obviously supply affects price.

2) Peercoin has a terrible distribution compared to bitcoin, with 60% of all coins held by the top 100 addresses, compared to about 20% for bitcoin.

3) People actually use bitcoin. There are over 60k transactions on the bitcoin network in the last 24 hours compared to about 350 for peercoin.

Probably some other stuff that I'm not thinking of...

source for all info: http://bitinfocharts.com/

[QSTproducts]

^lol

There are several problems with this analysis though.

1) There's about 8M more peercoins than litecoins, almost double. Obviously supply affects price.

2) Peercoin has a terrible distribution compared to bitcoin, with 60% of all coins held by the top 100 addresses, compared to about 20% for bitcoin.

3) People actually use bitcoin. There are over 60k transactions on the bitcoin network in the last 24 hours compared to about 350 for peercoin.

Probably some other stuff that I'm not thinking of...

source for all info: http://bitinfocharts.com/

I gave a ballpark figure it does not take into account both BTC & PPC are still overvalued

[iGotSpots]

Or you could say PPC should be $3.22

Math is funny like that

[Finley]

Your logic is not clear enough..

I bet you are new here.

[ed_teech]

Or you could say PPC should be $3.22

Math is funny like that

+1

[spazzdla]

With a block size of 400mb.. I am mad bull on PPC.

It's specs are amazing... I am suprised not a lot of people talk about it.

400mb vs 23 Gb.... PPC solves the problem of bloated block.

[QSTproducts]

Looks like BTC price started to slip again

[digitalindustry]

Peercoin is trading at around 0.73 USD
Its difficulty is 155 times less than BTC

0.73 * 155(diff multiplier for BTC)  = 113 USD per BTC hypothetically

SO if Peercoin had BTC's hashrate technically the Peercoin price could be 113 USD

SO soon BTC price might as well be 113 USD technicals of peercoin support this scenario.

Such logic, very wow

[filflarn]

So if all coins were figured by this formula, VIK, Viking coin, at its current difficulty 148k, trading on trx for .0132BTC ($4.38ish USD) would be worth $1.068 mil USD? Holy sh** i wish.