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Topic: Future BTC's price - page 2. (Read 661 times)

legendary
Activity: 1806
Merit: 1521
January 19, 2019, 06:16:50 PM
#33
Because of some fatal flaw. If you believe that Bitcoin will succeed 100% you might get deeply disappointed. Million things can go wrong. If succeed of Bitcoin would be sure thing then everyone would just loan money and buy as much as they can. But in reality doing that could be just a suicide.

Fatal flaw? I think it's safe to say that the more time goes by, the less risk of a 'fatal flaw' there is, especially with how the developers are pretty damn good in what they do.

The risk is decreasing with time, but the risk is also non-zero and is pretty significant. The entire design is experimental and the protocol is a mere decade old. We're still finding really serious bugs in the reference implementation as of a few months ago. There's a reason Core is still in beta.

I have a lot of faith in Bitcoin and its developers, but people are right to be skeptical.
legendary
Activity: 2170
Merit: 1427
January 19, 2019, 02:48:53 PM
#32
Because of some fatal flaw. If you believe that Bitcoin will succeed 100% you might get deeply disappointed. Million things can go wrong. If succeed of Bitcoin would be sure thing then everyone would just loan money and buy as much as they can. But in reality doing that could be just a suicide.

Fatal flaw? I think it's safe to say that the more time goes by, the less risk of a 'fatal flaw' there is, especially with how the developers are pretty damn good in what they do. On top of that, Bitcoin's simplicity makes sure you don't have various levels of code to audit as is the case with Ethereum, which we have seen has yet again gone through severe difficulties that resulted in more delays.

By the time Bitcoin has succeeded as you put it, it has very likely been priced to reflect that. You buy that what offers the best possible potential, and the best time to enter is now.

The technology hasn't ever disappointed anyone, people's price predictions did and will continue to do.
legendary
Activity: 2912
Merit: 1068
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January 19, 2019, 12:30:57 PM
#31
I think that currently people are too focused on Bitcoin price. Yes, price natters and at the moment it's not ideal but we have to accept it and get out of it the most. O think that in next period of time the price will more or less stay in current range and will not change much in either way. These are current conditions on the market and we can't influence it. I say don't expect too much from this year.
legendary
Activity: 3514
Merit: 1280
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January 19, 2019, 11:43:28 AM
#30
The miners going away is just a myth and will not happen because it is by far the fastest way to get the transactions accepted, we would eventually have to find a way to both pay the miners a lot of money but also make sure we are not really paying to much to them individually on each transaction we make, closest we can get is slow transactions that gets bundled together and sent in one block.

Yeah, staking is possible but not for bitcoin, if something is as little volume as ethereum it is possible that you can use staking and even tough it can take less stress on the blockchain since there is not transactions as much as bitcoins blockchain they can do it, bitcoin can't afford to go to staking option since it will make it impossible to send money from place to another with that much volume in bitcoin.

It is not about transaction costs at all

Though they certainly matter a lot, especially when you are forced to pay something like 50 dollars to have your transaction confirmed in a reasonable amount of time. That's an outrage if you ask me. So it is not as much about transaction costs as it is about keeping Bitcoin properly decentralized. If it actually aims to become anything other than a purely speculative asset with a rather narrow range of application, the current model of reaching network consensus should be replaced with something more scalable, reliable and accountable. I don't know what it could be but it should definitely be
legendary
Activity: 1442
Merit: 1025
January 19, 2019, 10:40:55 AM
#29
The miners going away is just a myth and will not happen because it is by far the fastest way to get the transactions accepted, we would eventually have to find a way to both pay the miners a lot of money but also make sure we are not really paying to much to them individually on each transaction we make, closest we can get is slow transactions that gets bundled together and sent in one block.

Yeah, staking is possible but not for bitcoin, if something is as little volume as ethereum it is possible that you can use staking and even tough it can take less stress on the blockchain since there is not transactions as much as bitcoins blockchain they can do it, bitcoin can't afford to go to staking option since it will make it impossible to send money from place to another with that much volume in bitcoin.
legendary
Activity: 1526
Merit: 1001
January 19, 2019, 05:56:28 AM
#28
In the year 2136, after the penultimate BTC halving, the block reward will be 0,00000002 BTC (2 Satoshi).
If BTC mining is still profitable, how much could be 1 BTC cost?
You are too futuristic. That time is still very long, you should predict only the next few years because you cannot ensure the movement of a Bitcoin price. Just one minute is unpredictable, especially having to predict the price of hundreds of years ahead. Let's think much more rationally and let's increase the use of Bitcoin to give a positive trend towards Bitcoin.
sr. member
Activity: 882
Merit: 282
January 19, 2019, 03:40:48 AM
#27
Though bitcoin has not be performed the way we wish in 2018 and this year so far I strongly believe that recovery is under way. Many traders lose money because of give up too early and the market is going to give favorable prices to those that are patient with it. Remember that investments into cryptocurrencies is like investing into your future and in future bitcoin is going to give us more good price than any form of investment.
legendary
Activity: 1526
Merit: 1179
January 18, 2019, 04:16:08 PM
#26
Everyone should invest based on what they believe, of course for bitcoin enthusiast, we believe that it will survive and it's the reason why
until now we are still holding it. Not only bitcoin as this market would be boring with altcoins pumping, it's a bigger market now and I want them all to survive.
Everyone should invest based on research and understanding of the fundamentals, and not based on what you believe Bitcoin is or will be. The believe you refer to is what made people lose tons of money with shitcoins and ICOs.

The very reason you consider having only Bitcoin in the market to be boring, and that you want altcoins to pump, proves that you haven't done any research, nor have basic understanding of why crypto exists in the first place.

Get rich quick mentality is what it comes down to, what else do you need here, right?  Roll Eyes
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
January 18, 2019, 04:15:50 PM
#25
In future miners will be rewarded almost exclusively with transaction fees

Did anyone say that?

If not, then I will say. I think in the future there will be no more miners as we know this concept today, provided Bitcoin will still be sticking around, of course. Miners are a dead-end and if Bitcoin continues to develop as it does today, we will most certainly switch over to something else. I don't know what it will be but it will be better than POW and POS while still preserving the decentralized nature of Bitcoin, i.e. something which we all value and honor. And no, POW is not something which makes Bitcoin, it is its decentralized nature
hero member
Activity: 980
Merit: 523
January 18, 2019, 11:38:31 AM
#24
In the year 2136, after the penultimate BTC halving, the block reward will be 0,00000002 BTC (2 Satoshi).
If BTC mining is still profitable, how much could be 1 BTC cost?
Survivin depends on one thing, will there be a better way in the future ? I mean we all think bitcoin is the new fiat and people will use it in the next generation and in 50 years there will be more places that accept bitcoin than dollar (dollar is accepted in USA and some certain places in other countries whereas bitcoin will be global everywhere) but if you think about it Bitcoin is seen like that because its a better version of the money we have right now.

Much better version. What if one day something better comes out, not a new cryptocurrency, not some new ICO was great coin, no. I am talking about a much better thing all together, something that is not cryptocurrency but much better ? In that case do you think dollar will go away ?

No, dollar will continue existing but bitcoin will go away and this new thing will be the new norm. That is the only possibility of bitcoin not surviving. Unlikely but possible.
legendary
Activity: 2730
Merit: 1288
January 18, 2019, 10:05:13 AM
#23
Since the supply is limited and we are losing a lot BTC most often, I assume that it will at least $500k but, the matter is whether cryptocurrency is going to survive for this long time or not?
why wouldn't it survive? Other form of money like fiat has survived this long.  I think cryptocurrencies and bitcoin is here to stay and I strongly believe that bitcoin will be  above the amount you have speculated. 

Because of some fatal flaw. If you believe that Bitcoin will succeed 100% you might get deeply disappointed. Million things can go wrong. If succeed of Bitcoin would be sure thing then everyone would just loan money and buy as much as they can. But in reality doing that could be just a suicide.
legendary
Activity: 3108
Merit: 1290
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January 17, 2019, 10:32:07 PM
#22
Since the supply is limited and we are losing a lot BTC most often, I assume that it will at least $500k but, the matter is whether cryptocurrency is going to survive for this long time or not?
why wouldn't it survive? Other form of money like fiat has survived this long.  I think cryptocurrencies and bitcoin is here to stay and I strongly believe that bitcoin will be  above the amount you have speculated.  
It will survive, you should believe it's coming from me, kidding..
Everyone should invest based on what they believe, of course for bitcoin enthusiast, we believe that it will survive and it's the reason why
until now we are still holding it. Not only bitcoin as this market would be boring with altcoins pumping, it's a bigger market now and I want them all to survive.
sr. member
Activity: 882
Merit: 269
January 16, 2019, 01:56:44 PM
#21
Since the supply is limited and we are losing a lot BTC most often, I assume that it will at least $500k but, the matter is whether cryptocurrency is going to survive for this long time or not?
why wouldn't it survive? Other form of money like fiat has survived this long.  I think cryptocurrencies and bitcoin is here to stay and I strongly believe that bitcoin will be  above the amount you have speculated. 
hero member
Activity: 2240
Merit: 848
January 16, 2019, 12:24:49 PM
#20
In future miners will be rewarded almost exclusively with transaction fees.

The idea is that bitcoin is widely used with millions of transactions on each block, so those fees will be enough.

So theoretically, if Bitcoin really become adopted as we expect, the prices are very low now as the reward is 12.5 BTC for each block plus fees (every 10minutes). The next halving will reduce to 6.25, which will probably lead to a great price increase


I don't know what exactly will happen when the mining reward gets so small that the vast majority of money is made from tx fees, but I can tell you for certain there will not be millions of transactions per block. Currently with segwit I think it can realistically handle around 4000 tx/block. Hopefully they will scale on-chain in the years to come but it's unlikely to ever be more than tens of thousands of transactions per block. Though if on-chain fees are like a dollar or something per transaction (in today's dollars) that should be plenty to incentivize miners to secure the chain.
sr. member
Activity: 623
Merit: 262
January 16, 2019, 10:56:14 AM
#19
The future price of bitcoin is quite hard to determined because we are not sure if bitcoin will exist forever. But, there will be a time in the future that the price of bitcoin will become totally expensive and maybe all the people will use cryptocurrencies which may lead to increases of demand.

Exactly, it's very hard to predict the future of Bitcoin as every day there is a surprise as well as shock. Yes like you said it will become very expensive in few years also crypto will rule the entire world, crypto currency is spreading like social media for sure there might be a high demand.
legendary
Activity: 3542
Merit: 1352
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January 16, 2019, 10:27:03 AM
#18
A pretty theoretical and trivial question at best. If our experts fail to get a read on the price for the next couple of months or so, how would one be able to distinguish the price a hundred years from now? Assuming that the world hasn't gone to shit due to political pettiness and the hunger for power and money, it should be big, just totally big since by then, the world must have accepted bitcoin and is being widely used anywhere in the world. I can't quite give an estimated figure, but should the global economy that we have right now is the same as 2136, my guess is it's somewhere in the $100k-$1M range.

You see, it's easy to pull of numbers out of thin air if you really don't know or have no clue of what's to happen a century away from you. Wink
legendary
Activity: 2730
Merit: 1288
January 13, 2019, 01:37:19 PM
#17
In the year 2136, after the penultimate BTC halving, the block reward will be 0,00000002 BTC (2 Satoshi).
If BTC mining is still profitable, how much could be 1 BTC cost?

Bitcoin will have to solve this problem way before 2136. I believe before 2140. Many coins solved it so bitcoin will be able to see solutions in practice by then.
jr. member
Activity: 45
Merit: 2
January 13, 2019, 01:08:46 PM
#16
In future miners will be rewarded almost exclusively with transaction fees.

The idea is that bitcoin is widely used with millions of transactions on each block, so those fees will be enough.

So theoretically, if Bitcoin really become adopted as we expect, the prices are very low now as the reward is 12.5 BTC for each block plus fees (every 10minutes). The next halving will reduce to 6.25, which will probably lead to a great price increase

The price will definitely increase if, for example, the price for the next halving will double - say, from $ 4000 to $ 8000, how many times will this price double to the last halving? And what will the price of Bitcoin be then (of course theoretically). Do anyone want to count it?  Grin
member
Activity: 406
Merit: 11
January 13, 2019, 08:58:06 AM
#15
There are a lot of prediction on the future as experts say it will reach $100k within few years as it is dominating the market. I strongly believe we have a bright future ahead, Patience is the thing which is desperately needed here those who earned huge amounts were waiting for nearly 7-8 years and they deserved it on 2017 where BTC went over the moon.
hero member
Activity: 735
Merit: 1765
January 13, 2019, 07:41:12 AM
#14
At that time i think at least 1mil.$ or possible more for bitcoin. And maybe at that time there will be less miners possible and they will get more from fees than from mining. Anyway i don't we can live so much, so maybe only child of your grandchildren will see what happen then.

We will see it in our lifetime....

I don't believe we will have to wait to 2140 to see the impact of zero block rewards.

The Reward per Block becomes irrelevant after 6th or 7th halving or in the Year 2032 or 2036 (Approx) and more irrelevant thereafter. In fact, the fees generated will be more than the block rewards.
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