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Author Topic: How MUCH will the FINAL BTC be WORTH?  (Read 12918 times)
dinofelis
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May 22, 2017, 06:00:36 AM
 #41

Asking the "final" price of Bitcoin is useless unless you were talking about within a certain time frame. You may as well ask what the final value of USD, EUR, Dogecoin will be.

what the hell is it with people here and reading comprehension?

here is the question again - How MUCH will the FINAL BTC be WORTH?

that therefore means what will the price be of the final bitcoin to be mined?

now answer it correctly.

Ah, to me the "final bitcoin" was the last bitcoin used (transacted).   People saying that they know now when the final bitcoin will be mined, are making several hypotheses already:
1) that the few lines of code that determine the emission curve of bitcoin will not be modified.  If the current emission scheme remains intact, indeed, the last Satoshi should be mined around 2140 or so, but in fact, these lines can be changed just as much as the block size can be changed: these are two scarcity parameters (one in the transactions market, the other in the satoshis market) that are not guaranteed to remain immutable.

2) that bitcoin will not fork over the ages in a miriad of competing chains, or that even the notion of "chain" gets abandoned.

3) that bitcoins will keep all of them the same price, even though bitcoins are not fungible (each one has a specific history, for instance, it may be that satoshi's original coins, if they start moving, have a special "historical premium" to them).

4) that bitcoin's chain will even still be running in some or other form.

This is why the "last bitcoin" sounds to me rather the "last used bitcoin" (the last transaction).  This can happen 2 years from now, 20 years from now, 2 centuries from now, whatever.  It seems logical to me that the last transaction will be about 0 value.

You could even say that if bitcoin forks off into, say, a PoS coin, then the last true bitcoin has 0 value because it is on a dead chain (another chain continued, but the true bitcoin PoW chain may be dead at a certain point).

You could just as well ask what is the value of "the last Deutsch Mark".  Well, it is zero (apart maybe for some collectors).  Because there were still Deutsch Mark around when Germany switched to the Euro and after a while, declared Deutsch Marks not to be exchangeable any more for Euros.  At that point, these Deutsch Marks became zero, but people mostly had converted their former Deutsch Mark into Euros.  This is similar to a substantive hard fork where the original dies.

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May 22, 2017, 06:22:21 AM
 #42

Asked before I'm sure.

What ya think?
There is no final bitcoin that you are saying. The price of the bitcoin is always unstable because it goes up and down. We can't predict that the price of the bitcoin will become stable.
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May 22, 2017, 06:44:20 AM
 #43

Asked before I'm sure.

What ya think?
I am actually not entirely sure what you actually mean by the final bitcoin but i'm going to assume that you mean the bitcoin price when the final bitcoins are being produced.

this is a very complex question because you have to put a lot of variables in - for example the value of fiat when bitcoin is at its final block reward stages when the block rewards are so little they can be ignored is a big question mark. It could collapse, it could be around the same value as it is right now. Nobody can tell but I'm going for the collapse option over the value staying the same option.

I'd say at least $1 million dollars because fiat will be entirely worthless pieces of paper - if we still have the USD and other major fiats, that is.

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May 22, 2017, 06:48:17 AM
 #44

There will be no final price or exact worth for bitcoin since its value changes from to time, same with other things like fiat and gold. Fiat goes through a period where it loses some of its value, while gold, even if its been around for so long still has some volatility in its price. So the same can be said of bitcoin, even if its gets to live for a hundred more years or so.
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May 22, 2017, 06:50:06 AM
 #45

Nothing can say will the final BTC be worth because bitcoin can be go down and up. Like now bitcoin goes up we don't know when to stop getting high. Much better you do if you have bitcoin just keep it because i know bitcoin are continually amazed the investor.
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May 22, 2017, 06:50:39 AM
 #46

Asked before I'm sure.

What ya think?
there is no stable price for it even after 100 years price will still depend on the market
bitcoin is use for exchange even someday it will still the same

That's right. The price of bitcoin is purely based on demand and therefore it's definitely more volatile than many government's currencies. In a nutshell, market which determines the price bitcoin deserves.
by the way, there's no such thing as BTC's final. It's like telling something impossible so basically, this question is rather invalid. No exact answer to this question.

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May 22, 2017, 06:56:20 AM
 #47

There is no possible price for the final worth of bitcoin because there is still a lot of years to come and i think if you are talking for the final worth of bitcoin now for this year, then i will say that it will be stable and final at 2000 USD per 1 bitcoin. The price of bitcoin is not predictable and based on the price history, bitcoin doesn't fail to surprise us so i think there is a lot of price to wait.
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May 22, 2017, 07:00:59 AM
 #48

Asked before I'm sure.

What ya think?

I do not know if there will be a final price of bitcoin. We are still mining it as of now and until the last bitcoin is mine, there will be no final price of it. Only thing is certain though, bitcoin will continue to rise in the future. I didn't imagined that bitcoin can breached $2000, and now this mental barrier has been broken and going up still. So to predict is final price is futile.
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May 22, 2017, 07:14:01 AM
 #49

At some point an altcoin will surpass bitcoins market cap.
At that point people will realize that any altcoin has the potential to pass bitcoin.
There will be a massive altcoin freenzy, with many more coins and all increasing in value
Finally, everyone will realize that this is all made up money with nothing backing it other than faith and the whole lot will collapse.

TL:DR;
Zero

 
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May 22, 2017, 07:35:50 AM
 #50

Bitcoin is unpredictable, we can't tell the final price of bitcoin because bitcoin is unstable and it's price fluctuates, there are some factors that push bitcoin's price by increasing the demand of bitcoin in the market.And when price is high people start selling their coins so price decreases.

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dinofelis
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May 22, 2017, 07:44:09 AM
 #51

At some point an altcoin will surpass bitcoins market cap.
At that point people will realize that any altcoin has the potential to pass bitcoin.
There will be a massive altcoin freenzy, with many more coins and all increasing in value
Finally, everyone will realize that this is all made up money with nothing backing it other than faith and the whole lot will collapse.

TL:DR;
Zero


I think this is a very plausible scenario, but the problem is, this can happen in 6 days, 6 weeks, 6 months, 6 years, 60 years, or 600 years.
Sooner or later, this will collapse, but it can be very, very long before it happens.  It is a belief system, and certain religions keep up a very long time.

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May 22, 2017, 07:46:31 AM
 #52

There is no way you can know what it's final price is going to be as the market and few factors determines the price over and over hence, the whole fluctuations which makes it quite unpredictable. So if anyone tells you the ending price, it is basically an assumption and nothing else.
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May 22, 2017, 12:40:33 PM
 #53

I'll repeat my answer, the final value will be 1BTC.

Many people here talk about the value of 1BTC in dollars. Even though many of them have never touched a dollar.

Personally I've touched a dollar coin, but never been to the US, and never spent it.

So to me, a dollar is worth something in euros. And the BTC is worth something in euros. And one day, it will be the opposite. The euro and the dollar will be worth something in BTC, because I will be living in BTC, my income will be in BTC, and I won't care that much about fiat. So that day, 1BTC will be worth 1BTC.
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May 22, 2017, 12:53:18 PM
 #54

I'll repeat my answer, the final value will be 1BTC.

Many people here talk about the value of 1BTC in dollars. Even though many of them have never touched a dollar.

Personally I've touched a dollar coin, but never been to the US, and never spent it.

So to me, a dollar is worth something in euros. And the BTC is worth something in euros. And one day, it will be the opposite. The euro and the dollar will be worth something in BTC, because I will be living in BTC, my income will be in BTC, and I won't care that much about fiat. So that day, 1BTC will be worth 1BTC.

Nice observation! Andreas said the same thing in a video. He said at one point we will stop saying how much is a Bitcoin worth and instead ask how much is a Euro worth in bitcoin. So instead of one bitcoin is 2000 euros, it will be one EUR is worth 0.0005303 BTC. This shift in exchange will change everything Smiley

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May 22, 2017, 01:00:02 PM
 #55

Asked before I'm sure.

What ya think?
It is very unpredictable. We can't predict the final worth of the bitcoin. Because there is a time that the worth of bitcoin is suddenly goes up and goes down. There is no Final worth that you are saying.
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May 22, 2017, 01:05:50 PM
 #56

Asked before I'm sure.

What ya think?
It is very unpredictable. We can't predict the final worth of the bitcoin. Because there is a time that the worth of bitcoin is suddenly goes up and goes down. There is no Final worth that you are saying.

There is no definite amount bitcoin can reach, same with what we experiencing now ot suddenly pump more than expected with a greater amount on value. So we cant really tell what may happen.


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May 22, 2017, 01:19:39 PM
 #57

We can't say that so , Bitcoin will be continuously rising and we can't say when it dies or when it grows that much we can only predict what will be the price of bitcoin but what I've read already is bitcoin can be growth till half million dollars as the blog says also blockchain ceo told that bitcoin will be rise on this way.
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May 22, 2017, 02:13:34 PM
 #58

We can't say that so , Bitcoin will be continuously rising and we can't say when it dies or when it grows that much we can only predict what will be the price of bitcoin but what I've read already is bitcoin can be growth till half million dollars as the blog says also blockchain ceo told that bitcoin will be rise on this way.

Theres a possibility that it might happen in near future,but lets not expect too much dince what bitcoin offers now were really great, we just need to save and invest now to grab some future instances of being richer someday.

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May 22, 2017, 02:19:11 PM
 #59

Well, if you mean the “final Bitcoin” as in the last bitcoin mined then I am guess around 10,000 (although I have no idea, just a guess), of course there will never really be a “final Bitcoin” they’ll just keep circulating.

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May 22, 2017, 02:21:28 PM
 #60

We can't say that so , Bitcoin will be continuously rising and we can't say when it dies or when it grows that much we can only predict what will be the price of bitcoin but what I've read already is bitcoin can be growth till half million dollars as the blog says also blockchain ceo told that bitcoin will be rise on this way.

Theres a possibility that it might happen in near future,but lets not expect too much dince what bitcoin offers now were really great, we just need to save and invest now to grab some future instances of being richer someday.

BTC has no limit price so it can be a million if its going to survive for years and years from now. But what usually happen is that what goes up will also come down.
There will be some other coin that will also rise might be valuable as ETH as well.

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