The answer is simple, Blockstream will apply SegWit and LN to another Alt coin like LiteCoin and it will function as a true Peer-to-Peer digital payment system, and Bitcoin will loose users to whatever Alt coin that incorporated this. So you will have a 3rd division in this community.
Bitcoin will then serve as a store of value for the hoarders, until it lose enough value that they too will also abandon it. Miners cannot survive in a scenario where mass hoarding takes place. No tx's = No mining, and NO mining = NO Bitcoin.
Topic: What the price would be if there is no Bitcoin scaling in next 5 years? - page 2. (Read 1697 times)
January 31, 2017, 01:43:26 AM
January 31, 2017, 01:20:08 AM
So are we looking on: Gold market cap / total amount of non-lost bitcoins as maximum? So something like 40k USD per 1 BTC and that's it?
You lost a zero here somewhere.
market cap of gold is around 7-7.4 trillions, which would be about 350-400K/btc considering 16-18 mil btc (3-5 mil could be lost).
January 31, 2017, 12:03:40 AM
I'm not sure the price of the bitcoin in 5 years could reach $5,000. It was clear the price of January will not reach $1,000. It looks like the price of the bitcoin will continue to stagnate in quite a long time, if year 2016 in July ago there is a halving day, but this year there is no halving day. Marketcap has reached more 14 billion it's time the speculators take profit.
January 30, 2017, 11:54:30 PM
what do you mean in point 3, if bitcoin sending fee can incraese until reach 100dollr/send
i think is real , sending fee 100dollar/send bitcoin can die
i think is real , sending fee 100dollar/send bitcoin can die
January 30, 2017, 11:37:25 PM
Answer: MOON 
January 30, 2017, 10:52:02 PM
$5000+
how many bitcoin holders/investor do you know that are spending bitcoin on daily basis and worry about confirmation time being lengthy?
how many bitcoin holders/investor do you know that are spending bitcoin on daily basis and worry about confirmation time being lengthy?
January 30, 2017, 10:24:47 PM
Scaling factor doesn't affect our bitcoin, even after 5years. From its existence scaling has been a major problem, but it have been compromised with several updates following several debates on the blocksize and things relating to it. This time too developers generate solutions, if not we get a slow down in the transaction.
January 30, 2017, 10:22:15 PM
Quote
What the price would be if there is no Bitcoin scaling in next 5 years?
1BTC = 1LTCthis is what happens with 5 years of bitcoin stagnation
January 30, 2017, 10:08:28 PM
It seems to me, one way or the other, good or bad, it will be settled long before 5 years. Probably this year. The way it looks we are heading to a split of the blockchain. A core chain and an alt chain (probably BU). Who knows, maybe we'll end up with more than two? If we have learned anything from Donald Trump's unlikely rise to president, is that when people are pissed and fed up they make irrational and often self-destructive decisions.
January 30, 2017, 09:47:15 PM
First of all I'm huge BTC fan, had account here since 2013 and always been bullish - I don't want to draw any doom scenarios but seriously:
Where are we heading in next 5 years?
Some considerations:
1) We didn't even reach 28 % support and the support for SegWit is dropping already: https://blockchain.info/charts/bip-9-segwit?timespan=all
Who profits from this?
2) If SegWit is not implemented what will happen to BTC? Is it going to become an obscure payment method and only speculative store of wealth?
Apparently without SegWit there is no Lightning Network: https://www.cryptocoinsnews.com/segwit-lightning/
3) What happens once the block size of 1 MB is really maxed out? https://blockchain.info/charts/avg-block-size?daysAverageString=30&scale=1×pan=all
My knowledge of economy points me to questions like - Are we going to pay $100 per transaction in fees in order to have it cleared in less than few hours/days? This is the end game of BTC miners? To make money on movement of the speculative asset?
4) Rising price of BTC is a pleasant thing and if you ask me today - I still consider it undervalued and it can probably go on par with Gold as it's easier to move around than Gold and cannot be confiscated by gov officials like gold but I guess that's it? So are we looking on: Gold market cap / total amount of non-lost bitcoins as maximum? So something like 400k USD per 1 BTC and that's it?
Where are we heading in next 5 years?
Some considerations:
1) We didn't even reach 28 % support and the support for SegWit is dropping already: https://blockchain.info/charts/bip-9-segwit?timespan=all
Who profits from this?
2) If SegWit is not implemented what will happen to BTC? Is it going to become an obscure payment method and only speculative store of wealth?
Apparently without SegWit there is no Lightning Network: https://www.cryptocoinsnews.com/segwit-lightning/
3) What happens once the block size of 1 MB is really maxed out? https://blockchain.info/charts/avg-block-size?daysAverageString=30&scale=1×pan=all
My knowledge of economy points me to questions like - Are we going to pay $100 per transaction in fees in order to have it cleared in less than few hours/days? This is the end game of BTC miners? To make money on movement of the speculative asset?
4) Rising price of BTC is a pleasant thing and if you ask me today - I still consider it undervalued and it can probably go on par with Gold as it's easier to move around than Gold and cannot be confiscated by gov officials like gold but I guess that's it? So are we looking on: Gold market cap / total amount of non-lost bitcoins as maximum? So something like 400k USD per 1 BTC and that's it?
Jump to: