Topic: Ultimate ATH of Bitcoin in 5 years?? (Read 320 times)
It could take 5 years just for the next crypto winter to recover and there might not even be another ATH by then. So the question about the "ultimate ATH" might need to extend beyond 5 years.
Ultimate all time high in five years from now? No one knows, but if the price follows the parabolic the price could be easily over $100k in more than two years
The parabolic is clearly a theory, nothing more than that, and you are saying that it will be more than $100k in just a few months or years but that is wrong.
It says that the price was $1000 just a year ago, and a year after it was $10k.
So it means that each year it wil make a x10
it means that during the next year the price needs to be over $100k to meet that theory.. Not $100k in five years
These high fees have made bitcoin to be preferred only for macro payments, if the fees grows higher like this no one will like to use bitcoin as a currency for small payments.
That's why it's so important to get lightning network up and running. Micro transactions are a big deal basically everywhere in the world, and it's basically the main selling feature for a lot newer people. It's something that will help Bitcoin going mainstream in the coming years, which is what we all are eagerly waiting for. The longer it takes to get lightning network up and running, the more we'll see transactions pile up. At some point I wouldn't be surprised to see 500k of unconfirmed transactions waiting in mempools, and if it reaches that number, it will very likely grow even further. Imagine how long it will take for the network to deal with that many transactions even if the usage decreases....
Ultimate all time high in five years from now? No one knows, but if the price follows the parabolic the price could be easily over $100k in more than two years, this is just what i think and what i saw on the internet, no one knows if this is really going to happen of course
I wonder what will happen with the price of Bitcoin in 2, 3, 5 years ...
taking into account the following aspects:
- The enormous consumption of energy necessary for mining.
- What will happen when it is no longer profitable to mine Bitcoin?
- Bitcoin will end up being a means to store value, or will it be used as currency for micro payments?
Finally, do you think that the price has a ceiling? what would be? 1 million usd?
What would happen according to you when that ceiling was reached? Would it collapse to less than half, or would it remain more or less stable?
Thank you...
taking into account the following aspects:
- The enormous consumption of energy necessary for mining.
- What will happen when it is no longer profitable to mine Bitcoin?
- Bitcoin will end up being a means to store value, or will it be used as currency for micro payments?
Finally, do you think that the price has a ceiling? what would be? 1 million usd?
What would happen according to you when that ceiling was reached? Would it collapse to less than half, or would it remain more or less stable?
Thank you...
It will be used as much energy as needed. Energy wise currently biggest hurdle is to store energy and here Bitcoin sort of solve this problem. You mine when you have to much energy and spend bitcoins to buy energy when you are lacking of energy.
Bitcoin will be always profitable to mine. Since when tat moment happen few miners stop mine, so the rest gets more. Biggest problem is can Bitcoin depend solely on fees after all coins will get mined in 2149. Quite low emission will actually happen way earlier. Most likely Bitcoin will need need a solution here, maybe something like Monero have.
What will end up to be no one can know. For sure it will not be fungible, but fully transparent. I would for sure avoid using it when I go to vacations to some far away country. Every bartender or store owner would know exactly how much money I have.
Till the time miners gain profit from bitcoin nothing is going to damage it, with the rise in the price of bitcoin the transaction fee is also increasing which is collected by miners. I think that miners earn quite handsome amount of bitcoin which keeps them attracted towards it. I remember there used to be a few cents mining fee now we pay the fee in dollars, for a minimum transaction the fee is charged above $15. If we look at the expenses incur on mining is still not as huge as the mining fee.
These high fees have made bitcoin to be preferred only for macro payments, if the fees grows higher like this no one will like to use bitcoin as a currency for small payments.
These high fees have made bitcoin to be preferred only for macro payments, if the fees grows higher like this no one will like to use bitcoin as a currency for small payments.
- The enormous consumption of energy necessary for mining.
Seriously. Anyone have a serious lack of electricity? Just don't listen to the FUD from greens about it. People will always have enought energy.- What will happen when it is no longer profitable to mine Bitcoin?
Miners will stop mining it. Thats how the free market works. But I'm sure that either the bitcoin will be somehow improved till that time or the technoligies will step forward and we will get some kind of super miner.- Bitcoin will end up being a means to store value, or will it be used as currency for micro payments?
I'm parying that with lightning network microtransactions will become cheap. It doesn't solve the problem of volatility but it will still help a lot. 
Pretty much spot on, but why are we wasting our time?
"I am sending this message from 2025. The situation here is lousy, and some of you are responsible for it"
The world is ruined in 2025....
Take away points
---------------------------
So stay up to 2021 at least and get $1M/BTC
Then party hard and die before 2025
Anyways it is easy to do what he does
2010 $0.1
2011 $1
2012 $10
2013 $100
------------------
2015 $1,000
2017 $10,000
2019 $100,000
2021 $1,000,000
------------------
2024 $10,000,000
2027 $100,000,000
2030 $1,000,000,000
2033 $10,000,000,000
------------------
2037 $100,000,000,000
2041 $1,000,000,000,000
2045 $10,000,000,000,000
2059 $100,000,000,000,000
ha ha, funny, but even with a ridiculous premise, it did hit $10k in 2017
"I am sending this message from 2025. The situation here is lousy, and some of you are responsible for it"
The world is ruined in 2025....
Take away points
---------------------------
So stay up to 2021 at least and get $1M/BTC
Then party hard and die before 2025
Anyways it is easy to do what he does
2010 $0.1
2011 $1
2012 $10
2013 $100
------------------
2015 $1,000
2017 $10,000
2019 $100,000
2021 $1,000,000
------------------
2024 $10,000,000
2027 $100,000,000
2030 $1,000,000,000
2033 $10,000,000,000
------------------
2037 $100,000,000,000
2041 $1,000,000,000,000
2045 $10,000,000,000,000
2059 $100,000,000,000,000
What kind of lunacy is that? I am sure you are one of those trolls pretending to send that message from the future but I hope your btc price prediction is right. Still, I dont want your prediction about the world being damned by 2025. For now, it makes sense that there is a probability for the world to be ruined by 2025 considering how things are proceeding in the world out there but saying bitcoin speculators are responsible for it is too far off. Why would some of us be responsible for it in the first place? The world is ruined in 2025....
Take away points
---------------------------
So stay up to 2021 at least and get $1M/BTC
Then party hard and die before 2025
Anyways it is easy to do what he does
2010 $0.1
2011 $1
2012 $10
2013 $100
------------------
2015 $1,000
2017 $10,000
2019 $100,000
2021 $1,000,000
------------------
2024 $10,000,000
2027 $100,000,000
2030 $1,000,000,000
2033 $10,000,000,000
------------------
2037 $100,000,000,000
2041 $1,000,000,000,000
2045 $10,000,000,000,000
2059 $100,000,000,000,000
I was merely reacting to the stupid post from the future they were talking about. It's not my post.
I was extrapolation the calculation to show that it is not an intelligent prediction and frankly insane if you look at it in the long run.
AGAIN It's not MY prediction.
As btcone111 says we will only get these values if the dollar hyperinflates.
My sarcasm failed....
"I am sending this message from 2025. The situation here is lousy, and some of you are responsible for it"
The world is ruined in 2025....
Take away points
---------------------------
So stay up to 2021 at least and get $1M/BTC
Then party hard and die before 2025
Anyways it is easy to do what he does
2010 $0.1
2011 $1
2012 $10
2013 $100
------------------
2015 $1,000
2017 $10,000
2019 $100,000
2021 $1,000,000
------------------
2024 $10,000,000
2027 $100,000,000
2030 $1,000,000,000
2033 $10,000,000,000
------------------
2037 $100,000,000,000
2041 $1,000,000,000,000
2045 $10,000,000,000,000
2059 $100,000,000,000,000
What kind of lunacy is that? I am sure you are one of those trolls pretending to send that message from the future but I hope your btc price prediction is right. Still, I dont want your prediction about the world being damned by 2025. For now, it makes sense that there is a probability for the world to be ruined by 2025 considering how things are proceeding in the world out there but saying bitcoin speculators are responsible for it is too far off. Why would some of us be responsible for it in the first place? The world is ruined in 2025....
Take away points
---------------------------
So stay up to 2021 at least and get $1M/BTC
Then party hard and die before 2025
Anyways it is easy to do what he does
2010 $0.1
2011 $1
2012 $10
2013 $100
------------------
2015 $1,000
2017 $10,000
2019 $100,000
2021 $1,000,000
------------------
2024 $10,000,000
2027 $100,000,000
2030 $1,000,000,000
2033 $10,000,000,000
------------------
2037 $100,000,000,000
2041 $1,000,000,000,000
2045 $10,000,000,000,000
2059 $100,000,000,000,000
Only atomic swaps can revive bitcoin for using micropayments at this moment. Somebody anyway will mine bitcoin because he will receive comisions for it
In five years? there is a long road to recover if you really want to try to guess what is going to be the price in the next five years. A lot of people have been in here for less than a year and their journey was a mess.
Pretty much spot on, but why are we wasting our time?
"I am sending this message from 2025. The situation here is lousy, and some of you are responsible for it"
The world is ruined in 2025....
Take away points
---------------------------
So stay up to 2021 at least and get $1M/BTC
Then party hard and die before 2025
Anyways it is easy to do what he does
2010 $0.1
2011 $1
2012 $10
2013 $100
------------------
2015 $1,000
2017 $10,000
2019 $100,000
2021 $1,000,000
------------------
2024 $10,000,000
2027 $100,000,000
2030 $1,000,000,000
2033 $10,000,000,000
------------------
2037 $100,000,000,000
2041 $1,000,000,000,000
2045 $10,000,000,000,000
2059 $100,000,000,000,000
Well, as btc buyers/ believers / holders we all want this to happen.
But think carefully, if this really happens, it probably means we will be in some sort of hyperinflation crisis for USD or worse still, some inter regional war causing massive US instability to see this kind of btc price. because USD is nearly worth nothing
This is much hype.. I dont think that the price of each bitcoin will be worth more than one million dollars just like a lot of people in this thread said. I am optimistic, but not that much.. Bitcoin can easily climb towards $50k, but not more, just be realistic.
I wonder what will happen with the price of Bitcoin in 2, 3, 5 years ...
taking into account the following aspects:
- The enormous consumption of energy necessary for mining.
- What will happen when it is no longer profitable to mine Bitcoin?
- Bitcoin will end up being a means to store value, or will it be used as currency for micro payments?
Finally, do you think that the price has a ceiling? what would be? 1 million usd?
What would happen according to you when that ceiling was reached? Would it collapse to less than half, or would it remain more or less stable?
Thank you...
taking into account the following aspects:
- The enormous consumption of energy necessary for mining.
- What will happen when it is no longer profitable to mine Bitcoin?
- Bitcoin will end up being a means to store value, or will it be used as currency for micro payments?
Finally, do you think that the price has a ceiling? what would be? 1 million usd?
What would happen according to you when that ceiling was reached? Would it collapse to less than half, or would it remain more or less stable?
Thank you...
in future mining devices will have more computing power with low electricity.
after mining end bitcoin will be POS coin and big players will have some control
I saw that you are being negative because of this, but tell me, the energy comsumption is really a innecesary thing? Do you think that when the governments create dollars or euros they are using paper coming from nothing? Just think about that example.
Of course not, no one can store their whole savings on bitcoin, it is pretty risky because of the volatility and the week hands that the majority has in here, so no, it is not recommended to use it as a store value at any cost.
This will happen in more than a ten years from now, maybe more, it will never stop being profitable, so there is no need to worry about that.
- The enormous consumption of energy necessary for mining.
Of course not, no one can store their whole savings on bitcoin, it is pretty risky because of the volatility and the week hands that the majority has in here, so no, it is not recommended to use it as a store value at any cost.
- Bitcoin will end up being a means to store value, or will it be used as currency for micro payments?
This will happen in more than a ten years from now, maybe more, it will never stop being profitable, so there is no need to worry about that.
- What will happen when it is no longer profitable to mine Bitcoin?
The core devs have to do something about energy consumption.I think that it`s possible to lower the energy consumption rates and make mining more useful,by using the heat from the mining hardware during the winter.
I read that all the cryptocurrncy mining in the world consumes the same amount of energy of a small country like Serbia and it increases all the time.
Mining and transaction issues are more important that the bitcoin price and it`s ATH,but the people just don`t care about that.
I read that all the cryptocurrncy mining in the world consumes the same amount of energy of a small country like Serbia and it increases all the time.
Mining and transaction issues are more important that the bitcoin price and it`s ATH,but the people just don`t care about that.
All the developers do is make code. The energy consumption bit is down to miners and those who build and design mining hardware. They're ruthlessly incentivised to minimise cost and consumption and you can bet your tight little buns they'll go all out to do it.
And don't listen to this bilge about rows of incubators filled with dead babies because Bitcoin stole all the electricity, that's just a tad melodramatic.
If mining would change into 100% pure transaction handling then people will be consuming energy to complete transactions.
This would benefit the Bitcoin system alot.
Have no idea if this is possible...
The core devs have to do something about energy consumption.I think that it`s possible to lower the energy consumption rates and make mining more useful,by using the heat from the mining hardware during the winter.
I read that all the cryptocurrncy mining in the world consumes the same amount of energy of a small country like Serbia and it increases all the time.
Mining and transaction issues are more important that the bitcoin price and it`s ATH,but the people just don`t care about that.
I read that all the cryptocurrncy mining in the world consumes the same amount of energy of a small country like Serbia and it increases all the time.
Mining and transaction issues are more important that the bitcoin price and it`s ATH,but the people just don`t care about that.
All the developers do is make code. The energy consumption bit is down to miners and those who build and design mining hardware. They're ruthlessly incentivised to minimise cost and consumption and you can bet your tight little buns they'll go all out to do it.
And don't listen to this bilge about rows of incubators filled with dead babies because Bitcoin stole all the electricity, that's just a tad melodramatic.
3 years ago I said the ultimate ATH would be 20k. It sounded very bullish at the time.
Bitcoin doesn't scale according to some imaginary plan made by wishful investors. It looks to me like the practical side of the currency is diminishing as the price rises, it is losing it's functional use in every day trades and becoming a tool for speculators only. If it is too expensive for people to use and takes too long to process, then it is not valuable anymore.
People might be treasuring it as gold right now. With time, I am sure scaling solutions like the Lightning Network will be implemented. Plus if you are a long time Bitcoin holder, you probably hold equal amounts of BTC and BCH. If the market decides that low transaction fees are the most important feature, Bitcoin Cash will take off in price. You have a perfect hedge by holding equal amounts of Bitcoin and Bitcoin Cash.
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