Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
cAPSLOCK
on 30/06/2019, 01:22:39 UTC
Good news-it would mean unbelievable prices ahead (300K-500K)

You braindead, idiot scammers in this thread have NEVER once explained how the price of Bitcoin can go to $500k or even $50k while cost of production is $3-6k.  Nobody would ever buy a coin for $500k when they can simply mine one for $3-6k instead.  And mining CAN'T expand by an order of magnitude to drag cost of production up or it would use more power than the entire United States.  The crypto pump and dump scam seriously is butting up against the limits of the natural world now but that sure doesn't stop you scammers from posting complete bullshit 24 hours a day.

I make it a habit not to respond to you or quote you since you are hideous.

That said, this one was so low hanging I got drawn in.  Grats.

You obviously do not understand how bitcoin works.  When it goes to 50k more miners will turn on, the difficulty will go up and the needed hashes to find a block will rise.  If there is a period of time that it becomes more profitable to mine then the security of the network will be enhanced.

It is one of the most world changing inventions of the last 1000 years. 

I have never been able to figure out what the hell is wrong with you.