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If nobody wants to buy Bitcoin, it doesn't really matter what the difficulty is to the price.
by roywiggins 9y ago
If nobody wants to buy Bitcoin, it doesn't really matter what the difficulty is to the price.
- wastedhours 9y agoBut don't the same market forces come back into play? Shortened transaction times, "brand name" for speculative buyers, more attractive price. It'll burn a lot of people, but another one born every minute...
- Zamicol 9y agoYes. A price drop will result in hardware going offline, meaning the difficulty should drop.