Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bones261
on 29/06/2018, 15:47:44 UTC
Quote from: rolling on June 29, 2018, 02:34:09 PM
Quote from: LFC_Bitcoin on June 29, 2018, 01:49:16 PM
Quote from: Speculatoross on June 29, 2018, 01:40:30 PM
What if BTC reach 5k$ and stays like that for, idk, 15 years?
No whales bs, no trades speculation, no any no-sense

Could we start spend it like if it was a decentralized cryptocurrencies?

Is this a possible world?

I doubt it’s possible the price could stay at $5,000 for 15 years. Miners wouldn’t be able to turn a profit even after the next halving at $5,000. 15 years will see 4 block reward halvings (including the one in 2020).

Most miners would have to turn off their machines & stop business in 2024 at a rate of $5,000 per bitcoin.

What a bunch of BS. Break even for an S9 mine right now is around $5000/BTC. There is more to mining than electricity! By 2024, it will be closer to $500k/BTC break even.

Meh, Bitmain and friends probably have 10nm or 7nm chip ASICs populating their farms. I wouldn't be surprised if they also have farms set up in Venezuela to take advantage of the cheap electricity there. This is merely speculative though. It is also possible that Bitmain doesn't have the more efficient ASICS working yet and that this bear market will kill them. Wishful thinking on my part though, I am sure.