90% is already there, only 10% is left

Digitalbitcoin

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Quote from: sunsilk on December 15, 2021, 12:33:15 PM

Lesser supply, higher price.

Yes But still need to calculate the dominance of Bitcoins in the total market with a single currency BTC. Because Bitcoin(BTC) is the prime/master currency among the crypto market, hence investments in other altcoins excluding independent Bitcoin market cap is already huge. And remaining is an independent asset is available for trading along with holding.

Quote from: sunsilk on December 15, 2021, 12:33:15 PM

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.

This could take bitcoins price to unexpected heights. To date, no governments have a clear vision towards bitcoin implementation in day-to-day use. But in the future, it will definitely be necessary.

Quote from: sunsilk on December 15, 2021, 12:33:15 PM

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.

Reducing supply according to time is a great protocol integrated by Satoshi Nakamoto considering future supply, and demand.

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Quote from: noorman0 on December 27, 2021, 01:32:00 AM

Quote from: OcTradism on December 15, 2021, 08:00:17 AM

Fact is 50% of Bitcoin was mined from 2009 to 2012, 75% till 2016, 87.5% till 2020 and 93.75% till 2024. It means most of Bitcoin was mined and was exchanged at very cheap price. Many of them lost because of cheap price and carelessness.

Interesting.

Did you also measure the total marketcap in the years in which bitcoin was traded so cheaply? If they knew that bitcoin would be what it is today so they still hold and keep buying, would you be able to get a small piece to hold on to?

I have said before, that people who feel sorry for the past who dumped their bitcoins are not alone. There is nothing wrong with trading bitcoin in the past, in fact it has opened up the flow of marketcap to gradually increase over time.

It was also the fact that those who mined and managed to buy a lot of Bitcoin in the past, which allowed the mining network to grow as it grew. If BTC were not appreciated and sold to buy more equipment and support costs, the network would certainly not have as much processing capacity as it is today. And we weren't writing on this topic now.

noorman0

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Quote from: OcTradism on December 15, 2021, 08:00:17 AM

Fact is 50% of Bitcoin was mined from 2009 to 2012, 75% till 2016, 87.5% till 2020 and 93.75% till 2024. It means most of Bitcoin was mined and was exchanged at very cheap price. Many of them lost because of cheap price and carelessness.

Interesting.

Did you also measure the total marketcap in the years in which bitcoin was traded so cheaply? If they knew that bitcoin would be what it is today so they still hold and keep buying, would you be able to get a small piece to hold on to?

I have said before, that people who feel sorry for the past who dumped their bitcoins are not alone. There is nothing wrong with trading bitcoin in the past, in fact it has opened up the flow of marketcap to gradually increase over time.

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Quote from: joker_josue on December 21, 2021, 12:26:09 PM

A very interesting observation. It took about 50 years, after the rise of the personal computer and the Internet, for the blockchain to emerge.

Bitcoin will only be 100% mined in more than 100 years. But what guarantee do we have that blockchain technology, 50 years from now (or less as the technology goes faster and faster), there won't be a new technology that will lead people to consider the blockchain as something outdated.

Will it be that after that time, Bitcoin will continue to have a high value in the market, or will it start to devalue, given the new technologies?

The "blockchain technology" that everyone is excited about is, in fact, an outdated, slow, and boring technology, which brings nothing new to this world. It won't become obsolete in the future because it already is today. Because what is the "blockchain technology" basically? It is just one of the ways to write down the order of something. There is nothing innovative about this. But why then Bitcoin is considered to be a breakthrough in technology if it was based on old and ugly blockchain technology? It is Bitcoin and its consensus algorithm, in particular, that have made blockchain an immutable, censorship-resistant, unstoppable system. They took an obsolete, slow and ugly design and turned it into innovative and interesting technology. If people come up with new ways of recording the sequence of transactions (they already try in altcoins), it won't affect Bitcoin in any way because it is not essential for its functionality and therefore doesn't require Bitcoin to be changed.

Molinology

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Quote from: Japinat on December 21, 2021, 06:37:36 PM

What more can we ask for at this moment, bitcoin had its bull run where the price skyrocketed, and even if we see this many times but if it would only result in a huge correction, I think the market will not mature because of the high volatility like this brought by manipulation.

We need some real adoption and hopefully when every supply will be mine the market will be less stable and probably more regulated so we will reach our goal of massive adoption.

We might reach our goals of mass adoption but don’t you think that it would adversely affect the environment and lives.

Japinat

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What more can we ask for at this moment, bitcoin had its bull run where the price skyrocketed, and even if we see this many times but if it would only result in a huge correction, I think the market will not mature because of the high volatility like this brought by manipulation.

We need some real adoption and hopefully when every supply will be mine the market will be less stable and probably more regulated so we will reach our goal of massive adoption.

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Quote from: Lizzylove1 on December 21, 2021, 04:19:52 PM

As we mine more and more of the total supply, sellers and miners will het greedy because it could go out of their purchasing power if they keep selling at just any rate because it's imminent that bitcoin is certainly going to blow off the roof as time goes on.

I think you got the wrong idea here and I don't think miners would just do that carelessly. Besides, only supply and demand is doing all the price changes and not to mention the halving cycle every four years which makes the price to get stricter due to getting less of supplies (bitcoin). Miners difficulty will also increase and that would take them some time to mine bitcoins so I don't think what you are thinking is what they are going to do.

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As we mine more and more of the total supply, sellers and miners will het greedy because it could go out of their purchasing power if they keep selling at just any rate because it's imminent that bitcoin is certainly going to blow off the roof as time goes on.

Rufsilf

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Quote

So far, 90 percent of the possible 21 million Bitcoins have already been mined, but it may take up to 2140 to mine the remaining 10 percent.

Source: https://www.cnbctv18.com/cryptocurrency/why-crypto-bill-is-unlikely-to-be-taken-up-in-ongoing-winter-session-of-parliament-11887082.htm

Then I think bitcoins price would appreciate even more as time goes by especially when then mined bitcoins is already at 95% to 98% stage. The bitcoin's value would surely rise in an unprecedented value because of it's scarcity. 50 years from now, bitcoin's future is at unpredictable stage and we can't predict what's likely to happen as bitcoin's ecosystem is not yet fully developed.

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Quote from: so98nn on December 21, 2021, 07:06:36 AM

Moreover, what if peeps started switching to something bigger, something excellent than this and if blockchain became obsolete then what? I am not saying it will happen suddenly but what if?

What if there is whole new era of such AI tech, something straight out of the sci-fi which under appreciates the blockchain? There are endless possibilities in the same fashion as it did after blockchain was invented.

A very interesting observation. It took about 50 years, after the rise of the personal computer and the Internet, for the blockchain to emerge.

Bitcoin will only be 100% mined in more than 100 years. But what guarantee do we have that blockchain technology, 50 years from now (or less as the technology goes faster and faster), there won't be a new technology that will lead people to consider the blockchain as something outdated.

Will it be that after that time, Bitcoin will continue to have a high value in the market, or will it start to devalue, given the new technologies?

so98nn

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Though its thumb rule that as the supply reduces and demand increases the valuations of X thing will always be at its peak. However, we are talking about bitcoin, a technological innovation that was set around a decade ago and its obviously doing great at current pace; but its factual world and things get out dated at very faster rate. You never know what surprise will be up ahead associated with the blockchain technology. Moreover, what if peeps started switching to something bigger, something excellent than this and if blockchain became obsolete then what? I am not saying it will happen suddenly but what if?

What if there is whole new era of such AI tech, something straight out of the sci-fi which under appreciates the blockchain? There are endless possibilities in the same fashion as it did after blockchain was invented.

joker_josue

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Quote from: Kimonoe on December 21, 2021, 12:49:00 AM

right, as long as there are transactions, mining will never stop, especially after this, of course, there will be more transactions because there are more bitcoin users, especially if more countries adopt it, of course there will be more transactions. and we are entering a new era where bitcoin will be getting higher in price because those who need more and more are selling less, and almost all of the supply is on the market

It is a fact that mining will not end when all the Bitcoins are extracted. We will probably give this network management/maintenance process another name.

It remains to be seen whether the price will remain high enough for miners to continue feeding the network.

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Quote from: Dhaniii on December 20, 2021, 11:15:08 PM

Quote from: Ultegra134 on December 19, 2021, 08:02:22 AM

Quote from: Ararbermas on December 19, 2021, 02:29:44 AM

We are wondering what will happen to bitcoin if its all done, i mean totally mined..?perhape it just circulating wherein those mined will not be lost wherein it will keep floating in the space and still working how the way it works, especially those lost wallet and satoshi wallet that becomes so popular in the internet because of the amount of it, so perhaps for that reason bitcoin will not last. Just saying. Grin

We probably won't be alive to see that, mining difficulty rises as times goes by, with more and more blocks being mined. Definitely, the supply of BTC is limited and has been severely impacted, with millions of coins being lost on the blockchain forever. Thus, the available coins are way fewer than the 19 million, currently in circulation.

I bet that in a few years, for that same reason, the price will skyrocket, becoming

I think mining btc never stops as long as bitcoin transactions are still around. even though the mining analysis assumes that the remaining 10% is still there, it doesn't run out unless bitcoin is dead and no longer transacting. the future prospect of bitcoin is that there are more and more enthusiasts and the greater the level of transactions, especially when some countries plan to make bitcoin a legal medium of exchange, the transaction rate can no longer be contained.

right, as long as there are transactions, mining will never stop, especially after this, of course, there will be more transactions because there are more bitcoin users, especially if more countries adopt it, of course there will be more transactions. and we are entering a new era where bitcoin will be getting higher in price because those who need more and more are selling less, and almost all of the supply is on the market

Monochroic

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I agree that all the bitcoins are not mined yet. But what we already have is also not that less since there are not many people who buy and sell cryptocurrencies the way they do international currencies.

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Quote from: Ultegra134 on December 19, 2021, 08:02:22 AM

Quote from: Ararbermas on December 19, 2021, 02:29:44 AM

We are wondering what will happen to bitcoin if its all done, i mean totally mined..?perhape it just circulating wherein those mined will not be lost wherein it will keep floating in the space and still working how the way it works, especially those lost wallet and satoshi wallet that becomes so popular in the internet because of the amount of it, so perhaps for that reason bitcoin will not last. Just saying. Grin

We probably won't be alive to see that, mining difficulty rises as times goes by, with more and more blocks being mined. Definitely, the supply of BTC is limited and has been severely impacted, with millions of coins being lost on the blockchain forever. Thus, the available coins are way fewer than the 19 million, currently in circulation.

I bet that in a few years, for that same reason, the price will skyrocket, becoming

I think mining btc never stops as long as bitcoin transactions are still around. even though the mining analysis assumes that the remaining 10% is still there, it doesn't run out unless bitcoin is dead and no longer transacting. the future prospect of bitcoin is that there are more and more enthusiasts and the greater the level of transactions, especially when some countries plan to make bitcoin a legal medium of exchange, the transaction rate can no longer be contained.

josephdd1

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Quote from: joker_josue on December 15, 2021, 06:00:26 AM

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?

Bitcoin is limited and this fact gives additional value to it. Everything that is not infinite is appreciated much more. As for the nearest future, I think that Bitcoin will be adopted as a means of payment by more and more companies and countries with a weak economy. The price that I predict for Bitcoin is around 200 000$.
Actually, I don't know when the last Bitcoin will be mined as mining difficulty rises within time.

barabarian1

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holder will win if 10% mined. i mean, bitcoin be good field now, people still find to get it as much as they can. and when the last piece of bitcoin mined, this no other bitcoin to be mine. holder have big advantage than other, and become something big bomb to crypto user.

Quote from: Ultegra134 on December 19, 2021, 08:02:22 AM

Quote from: Ararbermas on December 19, 2021, 02:29:44 AM

We are wondering what will happen to bitcoin if its all done, i mean totally mined..?perhape it just circulating wherein those mined will not be lost wherein it will keep floating in the space and still working how the way it works, especially those lost wallet and satoshi wallet that becomes so popular in the internet because of the amount of it, so perhaps for that reason bitcoin will not last. Just saying. Grin

We probably won't be alive to see that, mining difficulty rises as times goes by, with more and more blocks being mined. Definitely, the supply of BTC is limited and has been severely impacted, with millions of coins being lost on the blockchain forever. Thus, the available coins are way fewer than the 19 million, currently in circulation.

I bet that in a few years, for that same reason, the price will skyrocket, becoming

the price will be fantastic if they mine all btc, news will lively, people exited about what is the next move.

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Quote from: savetheFORUM on December 19, 2021, 08:03:46 AM

Quote from: joker_josue on December 15, 2021, 06:00:26 AM

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?

Yeah, there are possibilities for bitcoin to grow in exponential incoming days by considering the supply against rapidly increasing demands. At the same time, I was expecting bitcoin to be increasing at least 5x from its ATH of 2017 this year but it failed and delivered only around 3x growth so far in 2021.

Like many people here, I am also confident about having bull run in 2022 which might take us to similar growth which could be above $100k levels. People who are holding must be enjoying and we should take them as a role model to follow.

Everyone expects this result and at the same time it is something bad, always in every speculative market the whales if they manipulate the market according to people's emotions and if everyone expects the BTC to reach $ 100k or more, it is most likely that it will not succeed , because the whales' plans are much more intelligent than the rest, it will probably drop in price and when they are all in the Short position is when they will make the BTC explode, just to buy and skip all their Stop Loss and be able to earn much more when they decide to raise the BTC.

savetheFORUM

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Quote from: joker_josue on December 15, 2021, 06:00:26 AM

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?

Yeah, there are possibilities for bitcoin to grow in exponential incoming days by considering the supply against rapidly increasing demands. At the same time, I was expecting bitcoin to be increasing at least 5x from its ATH of 2017 this year but it failed and delivered only around 3x growth so far in 2021.

Like many people here, I am also confident about having bull run in 2022 which might take us to similar growth which could be above $100k levels. People who are holding must be enjoying and we should take them as a role model to follow.

Ultegra134

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Quote from: Ararbermas on December 19, 2021, 02:29:44 AM

We are wondering what will happen to bitcoin if its all done, i mean totally mined..?perhape it just circulating wherein those mined will not be lost wherein it will keep floating in the space and still working how the way it works, especially those lost wallet and satoshi wallet that becomes so popular in the internet because of the amount of it, so perhaps for that reason bitcoin will not last. Just saying. Grin

We probably won't be alive to see that, mining difficulty rises as times goes by, with more and more blocks being mined. Definitely, the supply of BTC is limited and has been severely impacted, with millions of coins being lost on the blockchain forever. Thus, the available coins are way fewer than the 19 million, currently in circulation.

I bet that in a few years, for that same reason, the price will skyrocket, becoming

pieppiep

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Quote from: Ararbermas on December 19, 2021, 02:29:44 AM

We are wondering what will happen to bitcoin if its all done, i mean totally mined..?perhape it just circulating wherein those mined will not be lost wherein it will keep floating in the space and still working how the way it works, especially those lost wallet and satoshi wallet that becomes so popular in the internet because of the amount of it, so perhaps for that reason bitcoin will not last. Just saying. Grin

Bitcoin will be rare in the market because only some people or companies will have a large bitcoin. Maybe in that time, the price can be at the very highest price that we never think because bitcoin has become rare. It is still too far from this and we do not even know whether we are still alive to see that will happen in the future. If so, we can witness the bitcoin history that we are part of the early adopters. But I never think much about that instead just think about what I can do now before it is too late.

Rufsilf

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Quote from: kucritt on December 16, 2021, 08:39:10 AM

you are right, the 90% bitcoin already mined, so there are only 10% bitcoinin the world that can be mined, you need to know that the diff increasing. so 10% will be fully mined in a very long time, and if its already mined 100%, i think the price of bitcoin will increase, because the demand will be higher than the supply. am i right?

Yes exactly! But that 10% remaining will somehow be difficult to mine as the block will be much more difficult to solve, as the OP said it would take several years or even decade if possible to mine that remaining 10%. But somehow bitcoin will remain the most trusted and will break many all time highs along the way as the supply is very limited. Also the fiat are depreciating because of the inflation so what will likely to happen is more and more people will start to choose crpytocurrencies over fiat especially bitcoin.

Ararbermas

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We are wondering what will happen to bitcoin if its all done, i mean totally mined..?perhape it just circulating wherein those mined will not be lost wherein it will keep floating in the space and still working how the way it works, especially those lost wallet and satoshi wallet that becomes so popular in the internet because of the amount of it, so perhaps for that reason bitcoin will not last. Just saying. Grin

Wawa2013

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Quote from: davis196 on December 19, 2021, 01:27:39 AM

The remaining amount of Bitcoins to be mined doesn't matter at all.
Only the BTC noobs get fascinated by such data.Does it matter,if the total BTC in existence will be 15 million or 18 million?It doesn't matter to me,for sure. Grin

The future of Bitcoin remains unclear,not because of the BTC community and blockchain,but because of the governments and central banks.You never know when some big country is going to declare Bitcoin and crypto illegal.The FUD will remain forever and the prices will remain volatile forever.
It's pretty easy to predict that the Bitcoin price will be going to the moon,if there was no FUD and the BTC adoption continues.However,this is not the case.

I'm also one of those people who don't really care about the remaining Bitcoin to be mined, maybe because I don't mine Bitcoin. What I care
about is where Bitcoin will go, it will be affected by how the government will take a stance on Bitcoin, the more countries that adopt Bitcoin
will make the price of Bitcoin skyrocket. Likewise, if more and more countries declare Bitcoin illegal, it will make a lot of people panic and
sell their Bitcoin massively. Eventually the Bitcoin price will dump, and I hope that doesn't happen. Bitcoin's future is hard to predict,
but so far it's going pretty well. While more countries are neutral, at least very few countries have actually declared Bitcoin illegal.
Hopefully, more countries will follow in El Salvador's footsteps that legalize Bitcoin as a legal tender. So the price of Bitcoin will continue to rise.

davis196

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The remaining amount of Bitcoins to be mined doesn't matter at all.
Only the BTC noobs get fascinated by such data.Does it matter,if the total BTC in existence will be 15 million or 18 million?It doesn't matter to me,for sure. Grin

The future of Bitcoin remains unclear,not because of the BTC community and blockchain,but because of the governments and central banks.You never know when some big country is going to declare Bitcoin and crypto illegal.The FUD will remain forever and the prices will remain volatile forever.
It's pretty easy to predict that the Bitcoin price will be going to the moon,if there was no FUD and the BTC adoption continues.However,this is not the case.

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Quote from: joker_josue on December 15, 2021, 06:00:26 AM

Do you think it will be now that Bitcoin starts to appreciate even more?

highly valued, bitcoin already has a special place now, its role is very important. The topic of discussion about bitcoin or crypto is always hot, and this proves how much bitcoin changes people's minds.

Quote from: joker_josue on December 15, 2021, 06:00:26 AM

What are your prospects for the next few years with regard to Bitcoin?

I wish the regulations weren't too restrictive of bitcoin and crypto. it is better for countries to start opening up with this technology. and start to stop thinking that crypto is like a disease. if this happens mass adoption will probably increase by leaps and bounds to a level I can't imagine.

Gyfts

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Quote from: ChiBitCTy on December 15, 2021, 02:09:41 PM

They do not realize how scarce it is. Most bitcoin owners have no idea.

There'll need to be a lot more mass adoption for scarcity to cause the price to increase, significantly.

Instead of a near 20 million coins, the Bitcoin protocol could have called for a mere 1 million coins, or 2 million coins (number doesn't matter) to be mined over a set time. Supply and demand would predicate the price to be higher by virtue of there being less available coins. So while there might not be enough full coins to go around, that doesn't play into scarcity unless the demand shifts up. For that to happen, I'm thinking there'd need to be a few large currency fails in order to cause mass adoption, and we're a bit far from that as of today.

bL4nkcode

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Limited in number. Limitless in potential.

So close yet so far, huh.

Bitcoin will only be a success within a success if the price will be stable already with low volatility regardless of the high fees for that time. Of course, it will take so much time and acceptance of different government first.

pinggoki

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Quote from: kucritt on December 16, 2021, 08:39:10 AM

you are right, the 90% bitcoin already mined, so there are only 10% bitcoinin the world that can be mined, you need to know that the diff increasing. so 10% will be fully mined in a very long time, and if its already mined 100%, i think the price of bitcoin will increase, because the demand will be higher than the supply. am i right?

That's not going to be happening in our lifetime so I don't see how we should celebrate it, maybe our children will be able to enjoy that and hopefully they will be able to appreciate bitcoin. I think that when the continuous increase in the population and with more people learning about cryptocurrencies, the possibility of growth is limitless, it's just a matter of demand.

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as bitcoins continue to reach new ATH bitcoins are increasingly appreciated and in demand by users all over the world. this proves that bitcoin is capable of becoming a new digital asset that changes the way transactions are revolutionary.
There will be many prospects in the future that take advantage of bitcoin. Some countries are starting to accept bitcoin well and make it legal tender. 10% of the remaining supply will of course continue to be mined and continue to decrease, this will make bitcoins increasingly rare and increasingly sought after by many people. Good future for bitcoin.

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Quote from: onecall123 on December 16, 2021, 09:46:36 AM

Imagine how things will be if Bitcoin becomes more accessible.

If it becomes more accessible (which should happen in the near future), it will necessarily have to improve. First because it's harder and harder to get Bitcoins without buying, and second because there's less and less Bitcoin to mine.

So the main way to get Bitcoins is to buy them, and that will force an appreciation. Because the more adopted Bitcoin is in everyday life, the more people who have Bitcoin will not want to sell. So whoever wants to buy will have to be willing to make a bigger investment.

Of course, there will come a point where the value of Bitcoin, against fiat currencies, will settle down. But at that time the value of Bitcoin has to be significantly high, so that its use in everyday things is viable.

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Quote from: kucritt on December 16, 2021, 08:39:10 AM

you are right, the 90% bitcoin already mined, so there are only 10% bitcoinin the world that can be mined, you need to know that the diff increasing. so 10% will be fully mined in a very long time, and if its already mined 100%, i think the price of bitcoin will increase, because the demand will be higher than the supply. am i right?

Actually you just completely repeat the OP whole content. Maybe you should read it before you make any post on any thread. Besides that, there's no guarantee that the price will increase after that since its only 10% iand it will took 100 years to mine that, So the price increased will happened gradually and not by an instant once the last Bitcoin mined. There will be a lots of roller coaster ride for the price so we can assure that price will gonna be up when that time comes.

onecall123

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This is at least some good news in this red day! More and more people will be joining the 21 million club. There are still 10 percent of bitcoins left to be mined after almost 12 years of mining. Using the equations in another article, it will take another 119 years to reach the maximum. Although Bitcoin's popularity is reaching record highs in the midst of increasing inflation globally, it is still a mystery for the majority of people. Bitcoin's independence, accessibility, and scarcity are still not well understood by the majority. Imagine how things will be if Bitcoin becomes more accessible.

kucritt

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you are right, the 90% bitcoin already mined, so there are only 10% bitcoinin the world that can be mined, you need to know that the diff increasing. so 10% will be fully mined in a very long time, and if its already mined 100%, i think the price of bitcoin will increase, because the demand will be higher than the supply. am i right?

deathcode

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just by being active on social media, we can see how news related to bitcoin and cryptocurrencies continues to grow.
everyone is now getting interested in bitcoin. especially after the price increased this year and left everyone in awe. especially those who play stocks.

So far, bitcoin in my country is still an investment asset. and it's hard to dream of seeing it as a transaction tool. My planning in a few years will not change. will only hold bitcoins until they break through their new ATH.

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Quote from: awik p on December 15, 2021, 07:51:49 AM

with the number of bitcoins lost and 90% of bitcoins already mined, and reduced again by investors who hold bitcoins, there are also fewer bitcoins circulating in the market. so with the scarcity of bitcoin and the increasing interest of new investors to buy, this makes bitcoin even more valuable. especially if more and more countries are legalizing it

Its not the reason that more countries are accepting it ,the 90% of the coin has mined and the 10% is due to come .However many of the holder or investor has lost their key or they have lost it by anyway .I think the the popularity of the coin are increasing day by day and the price become so high .Do you think ever if the whole supply come into the market where the price will stand .I am really exciting it could be gone to the sky .The technology become popular and the total market on the track .We can really dream with this market .I think i am so lucky still we are on the good track and we may invest on it to get good return .

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Quote from: joker_josue on December 15, 2021, 06:00:26 AM

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?

Of course, bitcoin will have big prospects in the next few years as crypto will grow more than now. We can expect the bitcoin price to be more than $100k or even higher in the next few years, so we can hope that bitcoin will become mainstream because people will be more aware of bitcoin and the number of adoption will increase also increase sharply. But I can not imagine how the price will get more fluctuating as at that time, there could be more people who will want to buy and sell bitcoin, especially if the price drops.

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For sure for the year the bitcoin get halved again I guess nothing new with the people who know the bitcoin already but still there are on no doubt it depends on the market price movement and the investors if they will keep pursuing the investment in bitcoin. For me it's more ideal to hold some of it and wait for the good trend again currently we cannot feel the bitcoin because of the bearish market but of course anything can happen on the market.

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Quote from: Smartvirus on December 15, 2021, 03:03:45 PM

Of course yes, 10% being estimated to be a lot more than 2million BTC yet to be mined seems so much and could take a longer time. Looking at the fact that right now, not everyone can mine bitcoin with the suffistication of its device. Infact, a mining poop which was very much non existence in 2009 and perhaps 2010 has come up to pool resources for a block reward. So, mining the very last millions would be no easy task. Though, bitcoin would continue to appreciate in value and somehow back into circulation as a currency, measuring from the least sat.

The time, in this case, is very precisely defined, and there is no factor here that can slow down or speed up the mining process. Currently, 6.25 BTC is mined per block, which results in about 900 BTC per day and this will not change until the next halving. Bitcoin mining is not an easy or simple task even now, but you live in the delusion that the time for those 2 million BTC can be extended in any way.

Source

As you can see we are currently in reward era 4 which is the time after 3 halving, and each new era will occur after approximately 4 years (210 000 mined blocks). At the end of era 7 ending in 2032 we will have exactly 20835937.50 BTC (99.21875011%) no matter what anyone has done, thought or planned to happen in any other way.

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Quote from: blatchcorn on December 15, 2021, 01:32:24 PM

Quote from: sunsilk on December 15, 2021, 12:33:15 PM

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.

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.

Does it have to be in the mainstream if the mainstream is already talking about it? I think it's just a matter of time when majority of the people that are still not aware of it will eventually get to use it, not just as a payment but as an asset class too.

Time after time, the use of bitcoin is majorly going to the investment side but it doesn't ignore the fact that it's still good and being used as a payment. It's just probably you're not using it as a payment.

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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.

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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.

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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.

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Quote from: joker_josue on December 15, 2021, 06:00:26 AM

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.

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Quote from: joker_josue on December 15, 2021, 06:00:26 AM

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?

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?

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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.

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Quote from: kryptqnick on December 15, 2021, 12:44:41 PM

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.

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Quote from: sunsilk on December 15, 2021, 12:33:15 PM

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.

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.

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Quote from: Lucius on December 15, 2021, 06:39:04 AM

Quote from: joker_josue on December 15, 2021, 06:00:26 AM

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 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.

Of course yes, 10% being estimated to be a lot more than 2million BTC yet to be mined seems so much and could take a longer time. Looking at the fact that right now, not everyone can mine bitcoin with the suffistication of its device. Infact, a mining poop which was very much non existence in 2009 and perhaps 2010 has come up to pool resources for a block reward. So, mining the very last millions would be no easy task. Though, bitcoin would continue to appreciate in value and somehow back into circulation as a currency, measuring from the least sat.

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Quote from: Little Mouse on December 15, 2021, 07:34:06 AM

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.

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.

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Quote from: buwaytress on December 15, 2021, 01:40:44 PM

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.

Quote from: joker_josue on December 15, 2021, 06:00:26 AM

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?

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.

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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.

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Quote from: sunsilk on December 15, 2021, 12:33:15 PM

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.

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.

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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.

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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.

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Quote from: joker_josue on December 15, 2021, 06:00:26 AM

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?

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.

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Quote from: joker_josue on December 15, 2021, 09:32:02 AM

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 Roll Eyes

Quote from: Kakmakr on December 15, 2021, 08:29:05 AM

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.

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Quote from: joker_josue on December 15, 2021, 06:00:26 AM

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?

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.

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Quote from: Kakmakr on December 15, 2021, 08:29:05 AM

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. Wink

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?

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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.

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Quote from: OcTradism on December 15, 2021, 08:00:17 AM

Sooner or later people will realize how hard they can own 1 Bitcoin. In about 12 more years, 3 more halvings, I think we will see how people knew about Bitcoin in 2020, 2021 but still hesitated to invest in, feel deeply regret about their mistake by ignoring Bitcoin.

For many, Bitcoin was too expensive even when it cost ten times less, and today 1 BTC is for most people something they can only dream of - while on the other hand, someone can buy thousands of BTC without any problems. Of course, there is always the possibility of buying smaller amounts, but it's hard for people to accept that they can't just have 1 whole BTC - and that even with an investment strategy of say $1000 a month, it takes 4 years to achieve it - assuming the price stays as it is now.

Regret makes no sense, because crying over spilled milk is just a waste of time. While people are waiting for some right moment, time and numbers are ruthlessly beating them day by day.

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There are more than enough "Satoshi" around for everyone on this planet, so the Supply is not the problem. The problem come in when people are hoarding too much bitcoins and that there are not enough bitcoins in circulation to make it viable to use it as a "currency".

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. Wink

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No matter what the current supply or supply distribution is, heck, bitcoin could be 100% mined right now; what matters most is the demand. The supply halving is just an icing on the cake that boosts bitcoin's scarcity.

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Quote from: Lucius on December 15, 2021, 06:39:04 AM

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.

Fact is 50% of Bitcoin was mined from 2009 to 2012, 75% till 2016, 87.5% till 2020 and 93.75% till 2024. It means most of Bitcoin was mined and was exchanged at very cheap price. Many of them lost because of cheap price and carelessness.

Because of lost Bitcoin, we have less Bitcoin in real total supply for now and in the end. It's gift for all of us from people who thrown away their Bitcoin.

Quote

Although it is predicted that the last BTC will be mined around the year 2140, around 2030 99% of all coins will be mined, and those 1% (210 000) will remain for the next 100+ years. In less than 10 years, some things will be much clearer - and I hope some of us will be there to witness it.

Sooner or later people will realize how hard they can own 1 Bitcoin. In about 12 more years, 3 more halvings, I think we will see how people knew about Bitcoin in 2020, 2021 but still hesitated to invest in, feel deeply regret about their mistake by ignoring Bitcoin.

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with the number of bitcoins lost and 90% of bitcoins already mined, and reduced again by investors who hold bitcoins, there are also fewer bitcoins circulating in the market. so with the scarcity of bitcoin and the increasing interest of new investors to buy, this makes bitcoin even more valuable. especially if more and more countries are legalizing it

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Quote from: Little Mouse on December 15, 2021, 07:34:06 AM

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.

Let me tell you that you are not a good investor either. You have sold the most profitable long-term asset since its inception, which has unique characteristics to safely store and transfer wealth. But hey, everyone does with his money what he wants.

Regarding the mining, I agree with previous comments, that the fact that 90% has been mined is not going to have an effect in the short term. What is clear is that Bitcoin is a scarce commodity, that less and less new bitcoins will be produced and that the best thing to do is to continue to accumulate.

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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.

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Quote from: joker_josue on December 15, 2021, 06:00:26 AM

From 90% already in circulation, about 3.7 million Bitcoins are reported as "lost"...
What are your prospects for the next few years with regard to Bitcoin?

Expect new challenges...

Quote from: mynonce on December 14, 2021, 09:53:11 PM

Andreas Antonopaolous stated in his video:

“The cryptographic keys and algorithms used in Bitcoin do not last forever [anyway]. At some point, the elliptic curve digital signature algorithm (ECDSA) and SHA-256 will be obsolete. Maybe in ten or twenty years; certainly less than fifty years. They will no longer be strong enough to protect coins that haven’t been switched over to… a stronger cryptographic algorithm.”

Moreover, Antonopoulos added that the Bitcoin code needs to be recycled from time-to-time into better cryptographic algorithms; people with enough computing power should/could break keys and retrieve the lost coins. He also added that recovered BTC could act as ‘bounty’ for dedicating their resources.

“Essentially, it creates a bounty for testing the system, and rewards people who [exercise their skills].”

https://www.youtube.com/watch?v=IYtAevJIy5E
Minute [4:20 - 7:50]

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Quote from: joker_josue on December 15, 2021, 06:00:26 AM

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 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.

Although it is predicted that the last BTC will be mined around the year 2140, around 2030 99% of all coins will be mined, and those 1% (210 000) will remain for the next 100+ years. In less than 10 years, some things will be much clearer - and I hope some of us will be there to witness it.

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nothing has changed today in regards of supply

6.25 coins *144 block(a day) =900coins mined.
900 coins were mined every day last week, this week, next week
these 900coins a day averages are going to continue on until ~2024

the crucial 'supply' emotional trader drama happens at the halving events. (nest one in ~2024)

plus its worth knowing although thre are near 19mill coins out there and some are lost.. exchange market orders do not care.

exchanges (thus the market price) is determined just about the supply of coins within the deposited coins IN THE EXCHANGE. and more importantly the coins held on the market order books as active orders, not as lose account balance

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Good points but I feel it is shilled again when Bitcoin has red days.

I mean such information is well-know like halving every 4 years, block reward halves every 4 years, total supply, etc. but people have more attention on such transparent information when either Bitcoin in a superb bullish time or bearish time.

In former one, they rely on information to satisfy their greed and in a latter one, they rely on such information in order to have something to stay. People like that are not good investors and not real holders.

https://en.bitcoin.it/wiki/Controlled_supply
https://bitcointalksearch.org/topic/equivalent-network-time-5331087

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Quote from: joker_josue on December 15, 2021, 06:00:26 AM

Do you think it will be now that Bitcoin starts to appreciate even more?

The more the maturation the lesser will be the volatility. But Bitcoin will still continue to appropriate.

Quote from: joker_josue on December 15, 2021, 06:00:26 AM

What are your prospects for the next few years with regard to Bitcoin?

There will be series of bull and bear market, but with the wealth in the world and fiat devaluation, bitcoin price will increase more and more and reach all-time-high as usual.

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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?

Topic: 90% is already there, only 10% is left (Read 542 times)