Post
Topic
Board Speculation
Re: Ultimate ATH of Bitcoin in 5 years??
by
MiningSensei
on 24/12/2017, 13:43:11 UTC
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?