Slipping ..
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[quote name=“qwertybo” post=“58401” timestamp=“1392093625”]
Difficulty has risen substantially these past 2 days, price may soon to follow. The sell wall is still there, as everyone can clearly see. Does anybody know if the popularity of feathercoin has increased, or just a random spike in hashrate?
[/quote]I’ve talked about this many times before: difficulty is a lagging indicator of price. If the price goes up, the difficulty HAS to go up to justify the price, otherwise the price will come down.
Recently BTC took a hit, and whenever this happens, alt-coins tend to rise against USD which reflects traders hedging their BTC bets. The difficulty spike is coming on to justify the new price, which as we all knew well before now was manipulated lower than it should be. If you look at the price gains and the difficulty gains, you’ll see these are highly correlated. If the price of BTC skyrockets again, you can expect the price of FTC against BTC to come back down, and with it, difficulty.
All of this is the sign of a VERY vibrant and healthy free market in operation.
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[quote name=“Kevlar” post=“58425” timestamp=“1392101945”]
All of this is the sign of a VERY vibrant and healthy free market in operation.
[/quote]Antonopoulos truly did great job on promoting word vibrant in BTC context!