After mining all bitcoin | Bitcointalksearch.org

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: The_Dark_Knight on June 05, 2018, 08:08:57 PM

Quote from: Febo on June 01, 2018, 12:18:24 PM

Quote from: The_Dark_Knight on May 28, 2018, 08:43:04 PM

Quote from: altcoinanalyst1 on May 25, 2018, 09:35:58 AM

There are only 21m Bitcoins available for mining. Once all of those Bitcoins have been mined, no more bitcoin will be created then. What do you think will happen to bitcoin and its market after all mining are done.

It is very difficult to predict what the price of bitcoin is going to do in the next week so it is almost impossible to predict what it is going to happen when the moment in time you are talking about is not going to happen until the next century, so do not worry too much about such a thing because most people here in the forum are not going to see that day.

But most of us will hopefully see the day when coinbase will get that low that Bitcoin blockchain will not be secured enough just from it. So it is our problem.

It is true the block reward is getting smaller but as we know it was the plan of satoshi the fees will be enough to sustain the miners and that is what will happen, if at some point that is not the case then only the most profitable miners will keep operating and when some of them disappear there will be enough profits for the rest of the miners so I'm not really worried.

But fees will not be enough. This will be seen already in 10-20 years. So we will hopefully live to see it.

ThePunisher49X

member

Activity: 340

Merit: 15

It will not be so unpredictable in the price from day to day.
The price will be more stable.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: intoy_victor on June 01, 2018, 06:50:31 PM

After that bitcoin will starting to lose btc price. But there are many altcoin has a potential to follow or overtake what bitcoin did. When there is leaving, there are always incoming and much better that the first came.

We can't say that right away, there's also chances that the value will rise if adoptions occurred,imagine if Bitcoin will be utilize and use in a daily transactions how big it can be in value, it's only 21M compared to the numbers of people and businesses around the world, there's also a high chance that Bitcoin will be mooning more.

The_Dark_Knight

hero member

Activity: 840

Merit: 502

Quote from: Febo on June 01, 2018, 12:18:24 PM

Quote from: The_Dark_Knight on May 28, 2018, 08:43:04 PM

Quote from: altcoinanalyst1 on May 25, 2018, 09:35:58 AM

There are only 21m Bitcoins available for mining. Once all of those Bitcoins have been mined, no more bitcoin will be created then. What do you think will happen to bitcoin and its market after all mining are done.

It is very difficult to predict what the price of bitcoin is going to do in the next week so it is almost impossible to predict what it is going to happen when the moment in time you are talking about is not going to happen until the next century, so do not worry too much about such a thing because most people here in the forum are not going to see that day.

But most of us will hopefully see the day when coinbase will get that low that Bitcoin blockchain will not be secured enough just from it. So it is our problem.

It is true the block reward is getting smaller but as we know it was the plan of satoshi the fees will be enough to sustain the miners and that is what will happen, if at some point that is not the case then only the most profitable miners will keep operating and when some of them disappear there will be enough profits for the rest of the miners so I'm not really worried.

intoy_victor

member

Activity: 266

Merit: 16

After that bitcoin will starting to lose btc price. But there are many altcoin has a potential to follow or overtake what bitcoin did. When there is leaving, there are always incoming and much better that the first came.

Bagaji

sr. member

Activity: 1330

Merit: 291

The value of Bitcoin will so much increase because the demand will be so high as a result of low or supply at all into the market and that is when all the speculation of Bitcoin in the moon will come to fulfilment. I see Bitcoin reaching $50,000 at the time we reach such height in the total supply of Bitcoin.

bitcoin31

hero member

Activity: 1834

Merit: 523

Until now there's a lot of bitcoin did not mine, so I don't think 21 million is enough for us for this year. But incase the demand out of stock they will add more bitcoin for sure and the person who do this is the one and only satoshi nakomoto the founder of the bitcoin and the price for sure is very high.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: The_Dark_Knight on May 28, 2018, 08:43:04 PM

Quote from: altcoinanalyst1 on May 25, 2018, 09:35:58 AM

There are only 21m Bitcoins available for mining. Once all of those Bitcoins have been mined, no more bitcoin will be created then. What do you think will happen to bitcoin and its market after all mining are done.

It is very difficult to predict what the price of bitcoin is going to do in the next week so it is almost impossible to predict what it is going to happen when the moment in time you are talking about is not going to happen until the next century, so do not worry too much about such a thing because most people here in the forum are not going to see that day.

But most of us will hopefully see the day when coinbase will get that low that Bitcoin blockchain will not be secured enough just from it. So it is our problem.

The_Dark_Knight

hero member

Activity: 840

Merit: 502

Quote from: altcoinanalyst1 on May 25, 2018, 09:35:58 AM

There are only 21m Bitcoins available for mining. Once all of those Bitcoins have been mined, no more bitcoin will be created then. What do you think will happen to bitcoin and its market after all mining are done.

It is very difficult to predict what the price of bitcoin is going to do in the next week so it is almost impossible to predict what it is going to happen when the moment in time you are talking about is not going to happen until the next century, so do not worry too much about such a thing because most people here in the forum are not going to see that day.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: altcoinanalyst1 on May 25, 2018, 09:35:58 AM

There are only 21m Bitcoins available for mining. Once all of those Bitcoins have been mined, no more bitcoin will be created then. What do you think will happen to bitcoin and its market after all mining are done.

Problems will starting way before that. Because coinbase will be to small to secure network. Bitcoin protocol will need to get changed to add more coins to coinbase. And that will need to happen in next 20 years time.

Jaslinbor28

newbie

Activity: 252

Merit: 0

Agreed with you. but 1 btc can be divided into 1000000 pcs which is big amount. And I believe that this small amount can be enough to be traded for the future. However, there might come any solution if any shortage seen.

garybyerz

newbie

Activity: 294

Merit: 0

Yes around 80% of bitcoin has been already mined and only few amount of bitcoins are left. If all the bitcoins are mined the price of bitcoin will be soar.

voltagecrypto

newbie

Activity: 182

Merit: 0

i m willing to trade on bitcoin, can't effort it. im thinking what would happen to the price after mining of 21m. Then bitcoin will be as precious as Dragon eggs.

Ahiaba

full member

Activity: 447

Merit: 108

That shows the end of supply of Bitcoin and miners will change to another alternative crypto currency to keep them in business. And the value of Bitcoin will skyrocket in a positive direction since its demand will be higher than its supply.

creeps

full member

Activity: 742

Merit: 144

We don’t know what will happen in the future, but technically if the supply is now limited the price will be high in value and maybe there will be no more demand or what. I still believe that bitcoin will be a great currency of the future and will keep on supporting this kind of technology.

oseikuf44

member

Activity: 490

Merit: 10

After all biticoins been mined, the total supply will now be limited. If bitcoins is still essential for traders, then the few people who holds the total supply will determine the price they will like to sell it, and hence more money will be chasing few bitcoins and the price will be very high.

elncrow

newbie

Activity: 266

Merit: 0

Well , I’m afraid that the prices of Bitcoin will rise very high then. It would be very difficult to invest on Bitcoin then, as it would go expensive then. Let's see what happens!

Claudyah

newbie

Activity: 252

Merit: 0

it will not happen when bitcoin faces a period of crisis like a few more populations will remain the price will be more and more difficult to get before they run out the miners will no longer be able to get bitcoin cheaply.

goaldigger

sr. member

Activity: 2422

Merit: 357

After all bitcoins are mined, it would greatly affect its value. Insufficient supply, high demand will lead to greater value. It doesnt mean that if there are no BTC to be mined it would be extinct. All of the existing coins mined are just reciprocating throughout the entire bitcoin world. Market will also changes and maybe some altcoins will replace it.

Ararbermas

sr. member

Activity: 2016

Merit: 283

Quote from: altcoinanalyst1 on May 25, 2018, 09:35:58 AM

There are only 21m Bitcoins available for mining. Once all of those Bitcoins have been mined, no more bitcoin will be created then. What do you think will happen to bitcoin and its market after all mining are done.

then after bitcoin mined there will be a minor fluctuation of the growth rate IMO. but it doesn't mean it will collapse hard 'cause there's still a supply that can help bitcoin to stay on its circumstance. which is the demand and supply from all people who support bitcoin such big investor and holders that can control as well the growth rate nowadays.

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