STEEM and Bitcoin is a very easy trade
@joshbreslauer
the hashrate is indeed a fundamental indicator.
its really exiting what will happen to the price after this difficulty increase.
maybe someone is expecting something
@craig-grant
The price spiked to $1100 recently, so more miners started mining bitcoin, like I upgraded my genesis contracts in all the excitement. When there are more miners competing then the difficulty increases, when the difficulty increases then miners hold longer and don't sell, supply gets low and the price goes up, when the price goes up then the miners sell, the price tanks, and the whole process repeats itself over time. Right now bitcoin is establishing a new bottom, I think that's $900, before spiking to the next all time high.
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interesting info
... at 3T/Hs was suppose to get 0.8-0.9 BTC however now it's 0.66BTC on Hashflare. Difficulty really did increase a lot ! especially this month
so if you were a major bitcoin miner with a bitcoin mining farm, the best thing to do is hold until you get a price that makes up for the loss
Dope
great investigations as usual sir craig.
hype cycle
the steem cheat sheet is a very nice source by the way.
thanks for this detection