Ultimate ATH of Bitcoin in 5 years??

[mol76]

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...

 

[davis196]

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.     

[xGeraValerax]

The following text was published four years ago on Reddit by a user under the pseudonym of Luca Maniotta. This user did not appear in the network anymore. Links to the text to this day appear regularly in discussions about the future of crypto-currencies. It is published in Russian for the first time:
I came to you from the future with a request to stop your activities. I am sending this message from 2025. The situation here is lousy, and some of you are responsible for it. If you do not believe me - you can not read further. The way to prove that I'm what I call myself, I still do not. Now I turn to the point so as not to waste your time.
Each year, the cost of bitcoin increased by an average of ten times. From $ 0.1 in 2010 to $ 1 in 2011, up to $ 10 in 2012, up to $ 100 in 2013. Then the pace slowed and the cost began to increase tenfold every two years: up to $ 1,000 in 2015, up to $ 10,000 in 2017, $ 100,000 in 2019 and $ 1 million in 2021.

[xPPx]

Pretty much spot on, but why are we wasting our time?

[Wilhelm]

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

[Lancusters]

I do not understand why the world is destroyed? At any price of bitcoin remains Fiat. If people are not profitable will use the bitcoins they always have an alternative. This message is fake which is intended to stir interest in bitcoin. This forum is also a lot of newcomers who make only one message and then never appear in the network.

[Fortify]

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.

[aso118]

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.

[TERA2]

3 years ago I said the ultimate ATH would be 20k. It sounded very bullish at the time.

[gentlemand]

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.     

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.

[Wilhelm]

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.     

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...

[MiningSensei]

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.

- 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?

[Stooked]

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...

 

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

[km4700ruda]

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.

[btcone111]

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

[aznboy84]

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.

[Zentor]

Only atomic swaps can revive bitcoin for using micropayments at this moment. Somebody anyway will mine bitcoin because he will receive comisions for it

[Tankdestroyer]

"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?

[Wilhelm]

"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?

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....  

[Biodom]

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