Quote from: realr0ach on June 27, 2019, 08:39:22 PM

Quote from: infofront on June 27, 2019, 08:19:17 PM

Masterluc's still got it: https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/

It's an idiot scam chart. The price of Bitcoin cannot go to $225,000 with cost of production at $3-6k. NOBODY would buy a coin from you for $200,000 when they can simply mine one for $3-6k instead. And Bitcoin mining can't increase by something like an order of magnitude to buffer that cost of production or it would use more power than the entire United States. As I said before, the Bitcoin pump and dump scam is butting up against the limits of the natural world. The fact that it's ramming up against the limits of the natural world and mining can't really even expand significantly more should tell you how insane of a bubble it already is.

That is the lamest argument!
1) Production cost of BTC is always changing and mostly climbing up. When BTC is $225,000 the cost of producing it will much much higher than $3000 to $6000 USD.
2) The current cost is in the $3000 to $4000 range but BTC is trading at over $10000. Why do people trade it when they could mine it so much cheaper?