Quote from: mol76 on December 24, 2017, 04:45:40 AM

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...

Huh

It will be used as much energy as needed. Energy wise currently biggest hurdle is to store energy and here Bitcoin sort of solve this problem. You mine when you have to much energy and spend bitcoins to buy energy when you are lacking of energy.

Bitcoin will be always profitable to mine. Since when tat moment happen few miners stop mine, so the rest gets more. Biggest problem is can Bitcoin depend solely on fees after all coins will get mined in 2149. Quite low emission will actually happen way earlier. Most likely Bitcoin will need need a solution here, maybe something like Monero have.

What will end up to be no one can know. For sure it will not be fungible, but fully transparent. I would for sure avoid using it when I go to vacations to some far away country. Every bartender or store owner would know exactly how much money I have.