Future BTC's price

[mitsos2017]

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?

[NeuroticFish]

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?

The miners don't receive only the block reward. They also receive the tx fee from all the transactions they've included into the block.
For example the block just mined had also 0.03988594BTC in fees. See: https://chain.so/block/BTC/557759

[bitmover]

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

[elda34b]

If BTC mining is still profitable, how much could be 1 BTC cost?

Nobody knows, and this question should not be in this board. Why is it important to know anyway? I'd say probably around $1 million or so. Don't believe me? That's fine, it does not matter anyway.

[Pffrt]

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?

[1Referee]

The idea is that bitcoin is widely used with millions of transactions on each block, so those fees will be enough.

I don't see that happening. It's close to impossible to happen actually, especially if you look back at how we're working on ways to scale off-chain rather than on-chain.

In the long run, miners will also be scooping up the fees generated through Bitcoin's side chains that they merge mine, so if the activity on these side chains explodes due to all the garbage that runs on top of them, miners will automatically benefit from that. In other words, there is no real need to worry about miners or the security of the network.

And who knows, miners might want to provide liquidity to the Lightning Network as well to generate more fee income.

[Kopyleft]

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.

For that to happen, there would have to be a solution to the scalability issue for the network to accommodate that much transactions and keep it running at a productive pace.

It would be an audacious attempt, to make a prediction for over a hundred years from now. And would simply be just choosing figures.

[bitmover]

The idea is that bitcoin is widely used with millions of transactions on each block, so those fees will be enough.

I don't see that happening. It's close to impossible to happen actually, especially if you look back at how we're working on ways to scale off-chain rather than on-chain.

In the long run, miners will also be scooping up the fees generated through Bitcoin's side chains that they merge mine, so if the activity on these side chains explodes due to all the garbage that runs on top of them, miners will automatically benefit from that. In other words, there is no real need to worry about miners or the security of the network.

And who knows, miners might want to provide liquidity to the Lightning Network as well to generate more fee income.

For that to happen, there would have to be a solution to the scalability issue for the network to accommodate that much transactions and keep it running at a productive pace.

Scalability is not an issue now.

Scalability problem is just a marketing strategy, to make fools invest in shitcoins such as nano and bch. There is no issue with scalability now.

It would be an audacious attempt, to make a prediction for over a hundred years from now. And would simply be just choosing figures.

There is really no audacity . It's planned to happen, that is how bitcoin was designed.

From bitcoin white paper, by Satoshi

The incentive can also be funded with transaction fees. If the output value of a transaction is
less than its input value, the difference is a transaction fee that is added to the incentive value of
the block containing the transaction. Once a predetermined number of coins have entered
circulation, the incentive can transition entirely to transaction fees and be completely inflation
free

[crzy]

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?

The miners don't receive only the block reward. They also receive the tx fee from all the transactions they've included into the block.
For example the block just mined had also 0.03988594BTC in fees. See: https://chain.so/block/BTC/557759

It is still profitable of course but it will just depend on the cost you have. Yeah, the fees are also included and sometimes its high that why its still profitable. I think if the market recover and the demand increases, expect that miners will be in a good position also, its just a matter of time.

[richminded]

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?

Depends on the demand, even if there’s a lot of miners if there is no demand then the price will not change or go even lower so its too risky for the miners to keep on mining, because cost might get high. The future price can only determine by the market, let’s see if we are going to a bull run this year or not.

[MetalGear]

The future price of bitcoin is quite hard to determined because we are not sure if bitcoin will exist forever. But, there will be a time in the future that the price of bitcoin will become totally expensive and maybe all the people will use cryptocurrencies which may lead to increases of demand.

[exstasie]

The idea is that bitcoin is widely used with millions of transactions on each block, so those fees will be enough.

I don't see that happening. It's close to impossible to happen actually, especially if you look back at how we're working on ways to scale off-chain rather than on-chain.

Interacting with sidechains or Lightning requires on-chain transactions though. So we can't have exponential growth of throughput off-chain without it heavily affecting on-chain fee dynamics. Either the block size will be increased or fees will significantly rise. I think it'll be some from Column A and some from Column B.

In the long run, miners will also be scooping up the fees generated through Bitcoin's side chains that they merge mine, so if the activity on these side chains explodes due to all the garbage that runs on top of them, miners will automatically benefit from that. In other words, there is no real need to worry about miners or the security of the network.

Is that the consensus opinion? I don't really keep up with this stuff, but I thought there were a lot of security issues with merge mined sidechains.

[Adriano2010]

At that time i think at least 1mil.$ or possible more for bitcoin. And maybe at that time there will be less miners possible and they will get more from fees than from mining. Anyway i don't we can live so much, so maybe only child of your grandchildren will see what happen then.

[hisslyness]

At that time i think at least 1mil.$ or possible more for bitcoin. And maybe at that time there will be less miners possible and they will get more from fees than from mining. Anyway i don't we can live so much, so maybe only child of your grandchildren will see what happen then.

We will see it in our lifetime....

I don't believe we will have to wait to 2140 to see the impact of zero block rewards.

The Reward per Block becomes irrelevant after 6th or 7th halving or in the Year 2032 or 2036 (Approx) and more irrelevant thereafter. In fact, the fees generated will be more than the block rewards.

[xuv500]

There are a lot of prediction on the future as experts say it will reach $100k within few years as it is dominating the market. I strongly believe we have a bright future ahead, Patience is the thing which is desperately needed here those who earned huge amounts were waiting for nearly 7-8 years and they deserved it on 2017 where BTC went over the moon.

[bitcointlkacc]

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

The price will definitely increase if, for example, the price for the next halving will double - say, from $ 4000 to $ 8000, how many times will this price double to the last halving? And what will the price of Bitcoin be then (of course theoretically). Do anyone want to count it? 

[Febo]

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?

Bitcoin will have to solve this problem way before 2136. I believe before 2140. Many coins solved it so bitcoin will be able to see solutions in practice by then.

[dothebeats]

A pretty theoretical and trivial question at best. If our experts fail to get a read on the price for the next couple of months or so, how would one be able to distinguish the price a hundred years from now? Assuming that the world hasn't gone to shit due to political pettiness and the hunger for power and money, it should be big, just totally big since by then, the world must have accepted bitcoin and is being widely used anywhere in the world. I can't quite give an estimated figure, but should the global economy that we have right now is the same as 2136, my guess is it's somewhere in the $100k-$1M range.

You see, it's easy to pull of numbers out of thin air if you really don't know or have no clue of what's to happen a century away from you.

[elloco4ever]

The future price of bitcoin is quite hard to determined because we are not sure if bitcoin will exist forever. But, there will be a time in the future that the price of bitcoin will become totally expensive and maybe all the people will use cryptocurrencies which may lead to increases of demand.

Exactly, it's very hard to predict the future of Bitcoin as every day there is a surprise as well as shock. Yes like you said it will become very expensive in few years also crypto will rule the entire world, crypto currency is spreading like social media for sure there might be a high demand.

[thecodebear]

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 don't know what exactly will happen when the mining reward gets so small that the vast majority of money is made from tx fees, but I can tell you for certain there will not be millions of transactions per block. Currently with segwit I think it can realistically handle around 4000 tx/block. Hopefully they will scale on-chain in the years to come but it's unlikely to ever be more than tens of thousands of transactions per block. Though if on-chain fees are like a dollar or something per transaction (in today's dollars) that should be plenty to incentivize miners to secure the chain.