Cryptocurrency

[milanbenes]

Will the mining difficulty automatically reduce due to the falling hash rate as other nation based miners turn off their rigs?

I have seen this comment elsewhere, it is COMPLETE FICTION.

Milan.

[milanbenes]

I don't pay any attention.

Yes $2.8-3k is the next target. BTC cannot go up until it has tested that resistance.

Accumulating Satoshi value is the only thing I'm concerned with, not price action. My FCT Factom bitcoin value has doubled in value in the past 7 days. So many folks are focused on price. To put it another way, the Satoshi value of FCT right now is half what it was in January when FCT was $80. Currently it is around $8. So when we go back to BTC highs... well you get the picture.

I do hope you will be very successful Scooter.


But never the less, when I read comments like this I begin to wonder

Here's to your success

Milan.

[VirtualMonkey]

I do hope you will be very successful Scooter.


But never the less, when I read comments like this I begin to wonder

Here's to your success

Milan.

Milan:
Was looking at gold over the weekend. Do you buy and hold physically or in a vault somewhere? Where would you suggest is a good place to buy some from? Royal Mint? BullionVault?

[milanbenes]

Milan:
Was looking at gold over the weekend. Do you buy and hold physically or in a vault somewhere? Where would you suggest is a good place to buy some from? Royal Mint? BullionVault?

if you just want it as a metal then don't buy special numismatic coins, just buy commodity coins or bars

think about au and ag

what the old boys say is, if you can't touch it, you don't own it

good luck

Milan.

[scooterscot]

Will the mining difficulty automatically reduce due to the falling hash rate as other nation based miners turn off their rigs?.

Yes. Difficulty changes depending on the hash power available.

Difficulty is changed every 2016 blocks based on the time it took to discover 2016 previous blocks. If a block is found every 10 minutes (as it was intended initially for even emission) finding 2016 blocks will take exactly 2 weeks. If previous 2016 blocks were found in more than two weeks the cryptocurrency mining difficulty will be lowered, and if they were mined faster then that it will be raised. The more (or less) time was spent on finding the previous 2016 blocks the more will difficulty be lowered (raised).

https://en.bitcoinwiki.org/wiki/Difficulty_in_Mining

[scooterscot]

I do hope you will be very successful Scooter.


But never the less, when I read comments like this I begin to wonder.

I made this prediction 5-6 days ago. So far it has gone up 300%

[scooterscot]

Zcash is about to do the same

[scooterscot]

Was looking at gold over the weekend. Do you buy and hold physically or in a vault somewhere? Where would you suggest is a good place to buy some from? Royal Mint? BullionVault?

Had this question too. Found a place in Munich eventually, did not feel comfortable digging a hole in the garden

Will wait until it hits $900

[scooterscot]

As for bitcoin itself, there's speculation of $1200. I don't agree. $2800 will surely be the very bottom. And it'll not stay there for long. My weekly chart is shown below. It is very unlikely this trend will be broken. Afterwards Bitcoin moves off to $250k over the next three years. A dollar collapse will assist this growth in price and China, the world in fact, will decide that all debt needs to take a haircut to move forward, which WILL result in a readjustment in the price of Gold. The first hint nations start discussing this readjustment of debt is the moment to get into gold.

[milanbenes]

Yes. Difficulty changes depending on the hash power available.



https://en.bitcoinwiki.org/wiki/Difficulty_in_Mining

ok I stand corrected thanks

Milan.