Topic: 90% is already there, only 10% is left - page 3. (Read 542 times)
The more people that thinks Bitcoin will go up higher than the ATH it already achieved, the better chances that it will be. The mood of the market can be a strong determinant for the rise and fall of any asset whether they are digital or not. That is why I am always expressing my excitement with Bitcoin so that I can send my aura into it and investors and buyers can be picking up that generally strong positive vibes. In 2022, we are all hoping that Bitcoin can be making moves beyond the $100K mark.
It is true that 90% of Bitcoin has been mined, but I do not think that this percentage is all in circulation, in addition to the lost quantities, as you mentioned due to the death of their owners or the loss of wallets, there are also the quantities owned by Satoshi in addition to the quantities owned by whales and large companies that have purchased large quantities Of bitcoin, all these quantities are kept in wallets and did not enter circulation, otherwise there would be a large dumping of bitcoin as a result of entering all these large quantities, the presence of a limited number of bitcoin is what makes it great value and the less these quantities, the greater the value of bitcoin so I think that the value of bitcoin will double In the future, as these quantities continue to decrease and people's interest in Bitcoin increases, the demand for Bitcoin will increase and its price will rise constantly.
Bitcoin's price has always been appreciating in the larger picture despite the short term ups and downs. In addition to the depleting supply to be mined, if we take into consideration the fact that only a small percentage of the world's population is into Bitcoin, that only a handful of traditional institutions and investors are into Bitcoin, that El Salvador is the only country that have adopted it as a legal tender, and so on, it is logical to assume that the price will certainly balloon in the coming years and decades.
Do you think it will be now that Bitcoin starts to appreciate even more?
What are your prospects for the next few years with regard to Bitcoin?
No, I don't think that the second Bitcoin's mined supply goes from 89.9999% to 90% it will start going to the moon and we'll all become millionaires. This is not exactly news, everyone always knew the Bitcoin distribution. Bitcoin price will likely continue to grow in the long term, but you can never know what will happen in the short term - it can go sideways, it can crash, it could stagnate, it could suddenly pump.
On December 13, 2021, 90% of the total Bitcoin supply was mined.
It took 12 years for 18.899 million units of the main digital currency on the market to be extracted. However, the remaining 10% should take around 100 years to enter into circulation.
From 90% already in circulation, about 3.7 million Bitcoins are reported as "lost", due to users losing their password or the death of the holders.
Do you think it will be now that Bitcoin starts to appreciate even more?
What are your prospects for the next few years with regard to Bitcoin?
It took 12 years for 18.899 million units of the main digital currency on the market to be extracted. However, the remaining 10% should take around 100 years to enter into circulation.
From 90% already in circulation, about 3.7 million Bitcoins are reported as "lost", due to users losing their password or the death of the holders.
Do you think it will be now that Bitcoin starts to appreciate even more?
What are your prospects for the next few years with regard to Bitcoin?
I see this as being who already have Bitcoin or are rich enough to buy hundreds of Bitcoin without giving it a second thought are all set. Everyone else is going to be less and less inclined towards buying what psychologically looks like microscopic amounts of cryptocurrency. New people to the scene are likely to go, do I want 10 Ethereum that has much more chance to go up in value or do I want a tenth of a Bitcoin which has bounced off a similar all time high in the last couple years with an already huge market cap that makes it harder to multiply substantially. Even then, lots of new investors might rather take a gamble on something like Dogecoin and own thousands instead, because it's all a gamble, right?
The next halvening in 2024 should still have a deflationary & subsequent bullish reaction which sends the price multiple x higher. As we go on & on though over many years the effect of each halvening will decrease & bitcoin will sit at a more stable price. Plenty of wild volatility to go until that point though.
I think it's reasonable to ignore that not all bitcoins are mined as of today, because indeed the vast majority are, and the rest will be entering the supply quite slowly. That means that yes, essentially, buying coins is becoming way more realistic than mining your own, and theoretically that should mean increased value of Bitcoin. However, it depends on the circumstances, and if you have money for a mining farm, it can still be profitable and the main source of bitcoins for you. So mining is still popular, especially for people in big business. Of course, given how FUD still affects the price a lot, we can still see the bear market once in a while, but the overall upward tendency has no reason to disappear now.
Yes, whoever enters the Bitcoin world now, it probably only pays to buy rather than mine.
Now mining will likely continue to yield, especially those who have more equipment or more efficient equipment, as Bitcoin is expected to continue to appreciate in value.
It remains to be seen whether the expected appreciation will actually take place to enable the miners to become profitable.
Will it be that when the halving occurs, scheduled for 2024, if the value of Bitcoin is not higher than today, will it continue to compensate for mining? Mainly for smaller miners.
Lesser supply, higher price.
And while most of us are holding it, there's now actual lesser supply in the economy. There goes the institutions that are saving for themselves and buying as many as they can.
Get to hold and accumulate while we still can. There goes the halving within the next 3 years and the harder the mining difficulty and lesser in reward, the greater price would be in valuation.
And while most of us are holding it, there's now actual lesser supply in the economy. There goes the institutions that are saving for themselves and buying as many as they can.
Get to hold and accumulate while we still can. There goes the halving within the next 3 years and the harder the mining difficulty and lesser in reward, the greater price would be in valuation.
Due to the limited supply of Bitcoin and the ever-increasing demand for Bitcoin, it is not surprising that Bitcoin prices will be more expensive
in the future. Bitcoin has experienced an extraordinary increase this year, because more and more institutions are buying Bitcoin in large quantities
and they will be holding it in the long run. This is already a sign that the price of Bitcoin will definitely skyrocket in the future, so don't waste
the opportunity to buy Bitcon at the current price, where the market is declining. This is an opportunity for us to be able to buy Bitcoin at a low
price, especially after the next halving occurs, it is likely that we will have difficulty buying Bitcoin at a cheap price. Bitcoin is indeed a promising asset,
if we can collect a lot of Bitcoin from now, in the future Bitcoin can be our retirement plan.
Do you think it will be now that Bitcoin starts to appreciate even more?
What are your prospects for the next few years with regard to Bitcoin?
What are your prospects for the next few years with regard to Bitcoin?
It is an indisputable fact that only 10% of the max supply remains for mining, but also that this 10% represents a little more than 2 million Bitcoins, and that is still a very large amount that needs to enter circulation. With the price now measured in the tens of thousands of $, and with everything in circulation, it is not difficult to conclude that there is still enough BTC on the market to meet all the current needs of any investor.
Is it a coincidence that satoshi's last post on forum was on December 13, 2011? Lol. Just saying.
I'm not a good speculator, I have sold my bitcoin very early. I think we may see some good pump this year or in January but after that a bearish trend is going to take over and until next halving, no more ATH.
I'm not a good speculator, I have sold my bitcoin very early. I think we may see some good pump this year or in January but after that a bearish trend is going to take over and until next halving, no more ATH.
Along with the reddening market, relying on the information currently circulating there is a central bank meeting which is expected to threaten the market price of cryptocurrencies, especially Bitcoin. In the aftermath of inflation, Bitcoin has instead become a means to attack. Too bad the central bank doesn't have a good topic if at tomorrow meeting they take up the topic of the plan.
Not a few investors have sold their Bitcoins on December 13 last. When the market started hitting resistance limits within 24 hours Bitcoin was selling for around $133 million. I admit that while the $46K level is a fairly important level for the price of bitcoin, it is likely that the level of demand leverage on Bitcoin is still quite high.
Nah, don't think people are really buying Bitcoin "because it's getting scarcer" anymore.
They do not realize how scarce it is. Most bitcoin owners have no idea.
On December 13, 2021, 90% of the total Bitcoin supply was mined.
It took 12 years for 18.899 million units of the main digital currency on the market to be extracted. However, the remaining 10% should take around 100 years to enter into circulation.
From 90% already in circulation, about 3.7 million Bitcoins are reported as "lost", due to users losing their password or the death of the holders.
Do you think it will be now that Bitcoin starts to appreciate even more?
What are your prospects for the next few years with regard to Bitcoin?
It took 12 years for 18.899 million units of the main digital currency on the market to be extracted. However, the remaining 10% should take around 100 years to enter into circulation.
From 90% already in circulation, about 3.7 million Bitcoins are reported as "lost", due to users losing their password or the death of the holders.
Do you think it will be now that Bitcoin starts to appreciate even more?
What are your prospects for the next few years with regard to Bitcoin?
I absolutely expect bitcoin to continue to appreciate over the course of time, of course ..but what is really going to drive up the price is when people begin to realize how scarce bitcoin truly is. I work in finance and have been asked about bitcoin from my clients more than ever this year, especially of late. The are mostly always clueless, and one thing I am certain they have no idea about it how scarce it truly is when. People will start to panic buy when the realize this in my opinion.
Nah, don't think people are really buying Bitcoin "because it's getting scarcer" anymore. It didn't budge them at 80% mined I don't think it'll budge them at 90%. Maybe at 99%, but then again when fractions are easily available, and altcoins with even scarcer new supply failed (not to mention various burning models, looking at you, Ethereum), I think the only way people really sit up and buy is when actual available supply dries up.
And that's already happening now, demand just simply hasn't woken up and smelled that coffee.
And that's already happening now, demand just simply hasn't woken up and smelled that coffee.
Lesser supply, higher price.
And while most of us are holding it, there's now actual lesser supply in the economy. There goes the institutions that are saving for themselves and buying as many as they can.
Get to hold and accumulate while we still can. There goes the halving within the next 3 years and the harder the mining difficulty and lesser in reward, the greater price would be in valuation.
And while most of us are holding it, there's now actual lesser supply in the economy. There goes the institutions that are saving for themselves and buying as many as they can.
Get to hold and accumulate while we still can. There goes the halving within the next 3 years and the harder the mining difficulty and lesser in reward, the greater price would be in valuation.
IMO the demand and supply gap will increase Bitcoin supply only if Bitcoin finds its way to mainstream payment system. So far we see Bitcoin as an asset of investment only, where mostly people buy it for the purpose of gaining profit only. Till date there isnt much utility of Bitcoin and the main reason for this is government opposition, price volatility and scalability.
I think it's reasonable to ignore that not all bitcoins are mined as of today, because indeed the vast majority are, and the rest will be entering the supply quite slowly. That means that yes, essentially, buying coins is becoming way more realistic than mining your own, and theoretically that should mean increased value of Bitcoin. However, it depends on the circumstances, and if you have money for a mining farm, it can still be profitable and the main source of bitcoins for you. So mining is still popular, especially for people in big business. Of course, given how FUD still affects the price a lot, we can still see the bear market once in a while, but the overall upward tendency has no reason to disappear now.
Lesser supply, higher price.
And while most of us are holding it, there's now actual lesser supply in the economy. There goes the institutions that are saving for themselves and buying as many as they can.
Get to hold and accumulate while we still can. There goes the halving within the next 3 years and the harder the mining difficulty and lesser in reward, the greater price would be in valuation.
And while most of us are holding it, there's now actual lesser supply in the economy. There goes the institutions that are saving for themselves and buying as many as they can.
Get to hold and accumulate while we still can. There goes the halving within the next 3 years and the harder the mining difficulty and lesser in reward, the greater price would be in valuation.
On December 13, 2021, 90% of the total Bitcoin supply was mined.
It took 12 years for 18.899 million units of the main digital currency on the market to be extracted. However, the remaining 10% should take around 100 years to enter into circulation.
From 90% already in circulation, about 3.7 million Bitcoins are reported as "lost", due to users losing their password or the death of the holders.
Do you think it will be now that Bitcoin starts to appreciate even more?
What are your prospects for the next few years with regard to Bitcoin?
It took 12 years for 18.899 million units of the main digital currency on the market to be extracted. However, the remaining 10% should take around 100 years to enter into circulation.
From 90% already in circulation, about 3.7 million Bitcoins are reported as "lost", due to users losing their password or the death of the holders.
Do you think it will be now that Bitcoin starts to appreciate even more?
What are your prospects for the next few years with regard to Bitcoin?
That's the scarcity model on which bitcoin is based. As the time goes by, the bitcoin will start becoming more and more scarce. So whatever little amount of bitcoin we hold, might get you an expensive laptop today but probably a Lamborghini can be purchased using the same unit of bitcoins 20 years down the line.
The demand of bitcoin is robust around the world. The popularity is gradually increasing day by day which us correlated to demand. So more demand and diminishing supply, will push its price. This is a simple explanation.
But how could you make an equal distribution of Bitcoin? Do you have any idea how this could be possible?
Someone seems to live in a parallel universe where things work a little differently than in our world. No one has ever mentioned any equal distribution of Bitcoin, so it's out of the question - because why mining, energy consumption, and all these devices? Satoshi may have had to announce publicly that it will share 21 million Bitcoins, and that everyone should provide their BTC address - that would certainly be very fair and equal, surely no one would create 100 or 1000 addresses and sign up for that list
We will be long gone by the time when all the bitcoins are mined on this planet...
Unless the OP is an old man counting the last days, I'm sure he will welcome 99% of all mined BTC - because if you haven't read it by now, it will happen around 2030. The 210 000 that will remain will not be too important for him, you, or me - maybe just for a few miners who will try to mine them.
On December 13, 2021, 90% of the total Bitcoin supply was mined.
It took 12 years for 18.899 million units of the main digital currency on the market to be extracted. However, the remaining 10% should take around 100 years to enter into circulation.
From 90% already in circulation, about 3.7 million Bitcoins are reported as "lost", due to users losing their password or the death of the holders.
Do you think it will be now that Bitcoin starts to appreciate even more?
It took 12 years for 18.899 million units of the main digital currency on the market to be extracted. However, the remaining 10% should take around 100 years to enter into circulation.
From 90% already in circulation, about 3.7 million Bitcoins are reported as "lost", due to users losing their password or the death of the holders.
Do you think it will be now that Bitcoin starts to appreciate even more?
Yes ofcourse. Bitcoin will always keep appreciating in price in the long term.
Quote
What are your prospects for the next few years with regard to Bitcoin?
There will come many bull run and bear run in the future which is inevitable since a market cannot go in a single direction but over the long term the price chart will keep rising.
That is what has been happening until now and will keep happening in the future as well.
We will be long gone by the time when all the bitcoins are mined on this planet... so let's not worry about that. We should focus more on the equal distribution of bitcoins and not how many there are. 
This is an interesting point, as Bitcoin is increasingly difficult to obtain, new users will necessarily have to buy at the market price.
But how could you make an equal distribution of Bitcoin? Do you have any idea how this could be possible?
Of course scarcity may increasing Bitcoin price, even it also need a demand... but I don't think people would lose interest on Bitcoin since it's the first cryptocurrency and early gang know how good it's.
The problem is there're a lot altcoins out there and most of them were exit scam, if there's no crypto except Bitcoin... probably it's already worth $500K and no one will got scammed except due his personal mistakes.
The problem is there're a lot altcoins out there and most of them were exit scam, if there's no crypto except Bitcoin... probably it's already worth $500K and no one will got scammed except due his personal mistakes.
Jump to: