The next difficulty change is predicted to be between +1.8% – +3.4%, making this a positive difficulty adjustment. Additionally, the tweet alluded to the effects of a positive adjustment following a negative adjustment to the Bitcoin difficulty. A difficulty adjustment is made every 2016 blocks, based on the time it took to mine the previous blocks. If the time required for the blocks to be mined is more than two weeks, the difficulty is lowered and vice versa. The current dot (blue) had a negative difficulty adjustment. Since the next dot is expected to be a positive adjustment (red), we can look to the chart to see what occurred the previous times a blue dot was followed by a red one. In the chart above, a blue dot was succeeded by a red dot four times:Est. next #bitcoin difficulty adjustment Nov 21: +4%https://t.co/zMdxlteR6Z
— PlanB (@100trillionUSD) November 12, 2019
Chart shows 7 years of diff adjustments, and what a red dot (positive diff adjustment) after a blue dot (negative diff adjustment) means for price. pic.twitter.com/WkxP1mMc7q
- January 2013
- January 2015
- August 2016
- December 2018.
- $14 – $1177: January 2013
- $230- $783: January 2015
- $540- $20,000: August 2016
- $3200- $13,788: December 2018
Disclaimer: This article is not trading advice and should not be construed as such. Always consult a trained financial professional before investing in cryptocurrencies, as the market is particularly volatile.
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