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Serious question: why does a reduction in hash rate lead to a loss of USD pricing? That's analogous to pricing USD based on the number of lights on at the NY F
by unyttigfjelltol 6y ago
Serious question: why does a reduction in hash rate lead to a loss of USD pricing? That's analogous to pricing USD based on the number of lights on at the NY Federal Reserve at 10pm on Tuesday. I recognize hash rate moves these markets, but seriously, why?
- jpalomaki 6y agoValue of Bitcoin is a matter of belief. There’s absolutely no way of putting a justified price tag for the coin (at least for now). It can be that people just thought others might think the China news would be bad and therefore decided to sell. In speculative market you are all the time trying to guess what others are thinking.
- dylkil 6y ago>why does a reduction in hash rate lead to a loss of USD pricing it doesnt