Anybody know what happens when Bitcoin hits 21M circulating supply? - page 2.

weblouartisan

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Quote from: Shavedcoconut on March 25, 2018, 04:28:17 PM

Hi guys! So, yeah, as you must know already, all crypto has a finite supply meaning its not going to be mineable forever I guess, but what actually happens when bitcoin hits 21 million max besides it not being mineable anymore? Does this increase the value quicker? Let me know if you know, i dont know the answer and would love to hear what you have to say

It only means that the market price will keep on increasing even more because there will be a shortage in mining so the price will obviously increase even more due to a huge demand in the market.

Gudcrypto

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4815162342
If you know what I mean Wink

rachelia13

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If the bitcoin reached 21 M circulating supply, it will cause bitcoin to be a rare item and contested by many investors, and the bitcoin price will be expensive due to the high demand while the supply of goods is limited. Perhaps the group of individuals most directly affected by the bitcoin supply limit is the miner of the currency itself. In this case, these miners may need to rely on transaction costs to maintain their operations after all bitcoins are depleted mined and transaction costs will be the only source of income for miners

stayeduptolate

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Quote from: Shavedcoconut on March 25, 2018, 04:28:17 PM

Hi guys! So, yeah, as you must know already, all crypto has a finite supply meaning its not going to be mineable forever I guess, but what actually happens when bitcoin hits 21 million max besides it not being mineable anymore? Does this increase the value quicker? Let me know if you know, i dont know the answer and would love to hear what you have to say

If truly speaking, I have never thought that bitcoin could end someday, I mean that I don’t think that day wil come when no more mining of bitcoin is possible . Bitcoin is very feasible crypto currency and I don’t think that it will ever end but if it this is possible then obviously there will be less supply of bitcoin into the circulation for the investors then automatically the demand will high and then results in increase in valuation of bitcoin and I think then it will cross more than 21 million.

dewi91

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Quote from: Fuhre on June 17, 2018, 09:18:51 AM

bitcoin is like gold in the real world, and like valuables, bitcoin cannot be created just like that. gold must be mined out of the ground, while bitcoin must be mined through digital means. associated with the process, this is a provision set by the founders of bitcoin and it has a fairly limited supply. of course, this will greatly impact on higher prices.

yes of course, in the future demand of bitcoin will continue to increase and when bitcoin are mined of course it will give a positif impact to bitcoin price, bitcoin price will increase because bitcoin has limited supply and it will not be able to meet the demand so the price will rising significantly

ladydark

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Quote from: Shavedcoconut on March 25, 2018, 04:28:17 PM

Hi guys! So, yeah, as you must know already, all crypto has a finite supply meaning its not going to be mineable forever I guess, but what actually happens when bitcoin hits 21 million max besides it not being mineable anymore? Does this increase the value quicker? Let me know if you know, i dont know the answer and would love to hear what you have to say

Even after all the 21 million bitcoins mined,as there would be still continuos demand for bitcoins but no more supply,bitcoin price would increase much higher.But it would take almost 140 more years to occur.

GideonGono

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You can check this link if you want though but then again that 21 m i think its more a hoax , many experts say it but despite the different conclusion still long live bitcoin.

Link: https://www.investopedia.com/news/what-happens-bitcoin-after-all-21-million-are-mined/

bakekang

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Actually bitcoin will not hit the total of 21million circulating supply. There will be a remaining 1bitcoin until the end or until bitcoin still exist. Because if bitcoin hits the 21m the there will no btc will be mined anymore. That means bitcoin mining will be dead.

Ilegendph

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Quote from: mostkey on March 25, 2018, 05:23:36 PM

this could be one of the speculations, and maybe this might actually happen ..

Quote from: Thirdspace on March 25, 2018, 05:07:25 PM

inflation will take care of that, most likely the price of bitcoin will be a lot higher than now
the miners will then depend solely on fees from mined transaction to support (calculate profit) their mining operations
you can read more about "finite bitcoin supply" topic on this wiki page
https://en.bitcoin.it/wiki/Controlled_supply#What_happens_when_all_the_bitcoins_are_mined.3F

and now, let's review, if we look at the trading system (legal) bitcoin prices could have gone up, when the demand for orders is still a lot. because with a limited supply, this will be very profitable, because fewer items, if with a lot of enthusiasts, it will be expensive

I think with what you said, it will also make the transaction fee much higher and it would affect those who use bitcoin as payment. The demand will also get lower because of this and in the end it may cause the bitcoin to fall behind to altcoins that are more faster and functional.

Btcwashu

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Quote from: 19spawnfeed on June 17, 2018, 08:27:27 AM

Quote from: frowsiter on June 17, 2018, 04:47:40 AM

Quote from: matthewio on June 04, 2018, 05:23:24 AM

When that happens (or when mining a block is almost impossible) the price of bitcoin will spike as the only way to get btc will from person who own some already.Miners will only be able to make money from transaction fees,verifying transactions

The major change will be in the way mining operations get done. The fees might just boom a lot because miners will have only one way of getting paid and that is mining fees. Because bitcoins will be mined fully and thus there will be no block that will be remained to add into the blockchain. However, whiner a transaction will be done then there will be need of miners who will just algorithmically solve the transaction and add the blocks.

On investors perspective, the demand will be very much high as whole bitcoins will be in circulation. The supply will be fulfilled already and only one thing will surge and that is demand thus rising the prices high.

For me if happens bitcoin will hit 21M supply and circulated the demand of the bitcoin in the market getting high and that's the time the value of the bitcoin will going up. We know that 21M supply of the bitcoin will not hit for now but hopefully it will be happen and I see the people here are still waiting for the best value of the bitcoin.

Bitcoin value are very important to us and the best value of the bitcoin are the most we care waiting for. We all know that Bitcoin supply are not totally circulated and I think it will never be happen because of the weak people who are dumping their bitcoin and selling it in a low price through lack of believe in a bitcoin will never be crash. If all people are keep holding their bitcoin and other will buy fully in Bitcoin that's the time the 21M bitcoin supply will hit and the price of the bitcoin will goes to the moon.

Fuhre

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bitcoin is like gold in the real world, and like valuables, bitcoin cannot be created just like that. gold must be mined out of the ground, while bitcoin must be mined through digital means. associated with the process, this is a provision set by the founders of bitcoin and it has a fairly limited supply. of course, this will greatly impact on higher prices.

19spawnfeed

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Quote from: frowsiter on June 17, 2018, 04:47:40 AM

Quote from: matthewio on June 04, 2018, 05:23:24 AM

When that happens (or when mining a block is almost impossible) the price of bitcoin will spike as the only way to get btc will from person who own some already.Miners will only be able to make money from transaction fees,verifying transactions

The major change will be in the way mining operations get done. The fees might just boom a lot because miners will have only one way of getting paid and that is mining fees. Because bitcoins will be mined fully and thus there will be no block that will be remained to add into the blockchain. However, whiner a transaction will be done then there will be need of miners who will just algorithmically solve the transaction and add the blocks.

On investors perspective, the demand will be very much high as whole bitcoins will be in circulation. The supply will be fulfilled already and only one thing will surge and that is demand thus rising the prices high.

For me if happens bitcoin will hit 21M supply and circulated the demand of the bitcoin in the market getting high and that's the time the value of the bitcoin will going up. We know that 21M supply of the bitcoin will not hit for now but hopefully it will be happen and I see the people here are still waiting for the best value of the bitcoin.

frowsiter

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Quote from: matthewio on June 04, 2018, 05:23:24 AM

When that happens (or when mining a block is almost impossible) the price of bitcoin will spike as the only way to get btc will from person who own some already.Miners will only be able to make money from transaction fees,verifying transactions

The major change will be in the way mining operations get done. The fees might just boom a lot because miners will have only one way of getting paid and that is mining fees. Because bitcoins will be mined fully and thus there will be no block that will be remained to add into the blockchain. However, whiner a transaction will be done then there will be need of miners who will just algorithmically solve the transaction and add the blocks.

On investors perspective, the demand will be very much high as whole bitcoins will be in circulation. The supply will be fulfilled already and only one thing will surge and that is demand thus rising the prices high.

Gambitter

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Quote from: vaughn125 on April 01, 2018, 11:45:02 AM

Quote from: Shavedcoconut on March 25, 2018, 04:28:17 PM

Hi guys! So, yeah, as you must know already, all crypto has a finite supply meaning its not going to be mineable forever I guess, but what actually happens when bitcoin hits 21 million max besides it not being mineable anymore? Does this increase the value quicker? Let me know if you know, i dont know the answer and would love to hear what you have to say

Well, in my opinion, by the time that this actually happens, I think that bitcoin's issues would have been solved already. Now if that would be the case , then I think that the prices by this time would be very expensive and would be much more stable and slowly rise up as the demand increases and the supply being held on to tightly by the owners. It would most likely be an expensive collector's item / great store of value like gold. That is what I think.

you are actually right, and since it has only limited supply we could also expect that the price would skyrocket. although not all of the following 21m supply would be circulating, it is always expected that the price will be very expensive.

chrisculanag

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There are many changes coming if this happen , yes the price i think will go up because is easy to control the price if its not mineable or already hit the circulating supply . This is worst to all miners that want a bitcoin because we get only in trading but before hit the supply many years are need.

breathlessz

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Quote from: Sadlife on June 16, 2018, 09:14:59 PM

Miners will earn and mine through transaction fees when the supply reach to 21 million and the price should be dramatically increase because of the demand and if bitcoin manage to become a mainstream currency use around the globe then it will be valuable like gold. But that time will took a hundred years to happen.

so i do not think mining will stop when the supply of 21 million is up, but it is an important momentum as prices will rise significantly as you explain. so it is not a disaster but a gift

Sadlife

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Miners will earn and mine through transaction fees when the supply reach to 21 million and the price should be dramatically increase because of the demand and if bitcoin manage to become a mainstream currency use around the globe then it will be valuable like gold. But that time will took a hundred years to happen.

joeperry

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As the current mining block increases the calculation becomes more difficult and more hash power is needed to mine the next block. I think until the last block is mined a leave amount of hash power will be needed and also the value of Bitcoin will increase very high until then. For sure some more convenient and faster currency would be in circulation until then in the crypto market.

BeGoods

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Quote from: weeklyeth on June 16, 2018, 06:50:05 PM

when bitcoin hit 21M the price of bitcoin may be a million dollars seeing at the present demand the supply will definitely lead to increase more expectations on bitcoin price

Thats right, we know that bitcoin has a supply limit and when bitcoin already hits 21m supply circulation, that means total users are already very large at that time, and on the other hand the demand keeps growing bcoz of user growth, and in other words the price may have exploded that days..

bayu7adi

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dont be greedy

I think there will be two very strong possibilities
if bitcoin can not meet the needs of the developers, then bitcoin will be worth 0, and the whales will move to Ethereum
and if whales persist to pump and dump on bitcoin, then the result is bitcoin will break 100k USD / BTC

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