Future BTC's price

[omonuyak]

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. 

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[mirakal]

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.

[Febo]

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.

[Ewinsane]

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.

[deisik]

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

[BitHodler]

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?  

[arpon11]

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.

[gilangIDR]

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.

[wuvdoll]

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.

[deisik]

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

[bitbunnny]

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.

[1Referee]

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.

[exstasie]

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.

[gabmen]

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.

Of course they have the right to. It their money anyways. And we all know there's not a hundred percent chance of success yet many of still believe because we're all aware of the risk that we take. I mean, if you expected success to be certain then it's your fault if you get rekt.

[deisik]

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

The real headache is that the risk is not actually decreasing with time

If you had carefully read theymos' report, you would have noticed that the bug was introduced in Bitcoin Core 0.14.0, i.e. not so long ago. But how long ago is actually irrelevant here as this irrefutably proves that there can be new bugs not just to be found but introduced as well (the point on which theymos also focuses our attention). As you can easily guess, the possibility of these bugs doesn't decrease over time. In fact, it can actually rise as Bitcoin becomes more complex and harder to understand (read, efficiently and effectively test it)

[Patel]

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 consider it a issue that security through mining relies on TX fees in the future. There should be some sort of on-going emission to fund miners in the future.

[exstasie]

I consider it a issue that security through mining relies on TX fees in the future. There should be some sort of on-going emission to fund miners in the future.

I think this is a fair point. It makes the future much less predictable. There's no guarantee that the long term economic design (a hard limit on supply) pans out as expected.

This is one of the reasons altcoins should exist: to test out different economic models. I think a predictably low but permanent inflation rate might be a better model in terms of security incentives. The main issue is predictable scarcity, not having a hard cap on supply.

[b3j0]

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. 

anything can happen in the future, nowadays many ico scams and exchanges are hacked. both of these if it continues to occur can kill bitcoin at any time, bitcoin can live and grow if there is no negative news.

[Butterscotch Cartman]

within 2 years under $500 and then the death spiral begins.

[mitsos2017]

within 2 years under $500 and then the death spiral begins.

You are very "optimistic", do you believe that the altcoins have more chances than Bitcoin? Or you believe in fiat money and the banking system?