The only true long term value that has been established for BTC is 1k per BTC. If you've actually been involved more than like 6 months you can easily see that. It spiked up to around 1200 way back in 2013 or 2014 I forget the exact period, then crashed hard on bad press (mainly the Mt Gox incident and unfavorable news from China.) Then it took a long time to restabilize at 1k and essentially stayed there before rocketing up to 10k, then 19k in a matter of a few months last year.
Be careful, all the people trying to invent all these BS price supports are mainly bag holders who bought at or around 10k. The reality is the only price that it has really stayed at in recent years is right around the $1k USD mark.
Personally I wish 10k or more would become the new stable bottom but there is not really any legitimate evidence to say it will, aside from very loose technical indicators that any real trader can tell you are not truly reliable methods just like with the stock market.
Where did you come up with this magical number of 1K=1 BTC? It will not worth mining at this cost to sustain mining operation even with cheap electricity. Mind disclosing source of this info?
That's the whole point, I'm using actual logic and real investing concepts. Everyone else is just using wishful thinking and crystal balls. Look at this:
https://i.imgur.com/j9b4b3N.pngAnd tell me what price you see. Ohhhhhh yeah that's right... the longest and most stable price in recent history, was a long sustained period hovering around... you guessed it, $1K USD. Only at the end of 2017 did the recent flash up to 10, then 19, then back down to 10, occur.
It is hilarious (no offense) when people try to make this argument like investors give 2 craps about your mining costs... that simply does not impact the price in any meaningful way at this point. Far more bitcoin HAS ALREADY BEEN GENERATED than what is mined nowadays. So the generation costs are essentially irrelevant.
The majority of bitcoin transactions are between investors at this point. It is not used in real-life transactions in any significant percentage, despite what some would have you believe. The overwhelming majority of transactions are just investor A selling to investor B, and on and on and on. Neither investor A, nor B, nor C, nor D, E, F, etc are miners... they have no awareness of or interest in the costs to sweat out bitcoin with an asic farm. All they care about is what return will they get, and what is the RISK.