Topic: Bitcoin total supply, halvings and future supply left for miners (Read 321 times)
Bitcoin operates on a fixed supply model, with a maximum limit of 21 million coins. The system includes a process known as a halving event, which occurs approximately every four years and cuts rewards for miners in half. The final Bitcoin is expected to be mined around 2140 , with miners dwindling as the remaining supply dwindles. Which makes the price of Bitcoin likely to increase. Halving events are designed to gradually reduce the rate at which new bitcoins are created, creating a shortage over time .
December 04, 2023, 08:05:02 PM
Bitcoin's price behavior follows a fundamental economic principle of supply and demand. Here's the breakdown: when the supply decreases and demand increases, prices tend to go up.
Your theory is correct! but what happens when demand also decreases? Of course, it won't be fit the theory. That theory could be work when the market also follows as today. We don't know what happen in the future, maybe something big will happen that which make the demand for Bitcoin decrease from today. As we know, supply is also very dependent with demand. Both must have balance for each other, your theory can't be work properly if lame with others. therefore bitcoin is needs massive marketing to balance supply and demand. Maybe we won't think about marketing anymore if have a country implementing Bitcoin as currency (like Elsavador), but it's hard to happen because there will definitely be a conflict of interest with the Dollar.
December 04, 2023, 05:56:01 PM
If you are young enough, buy and hold your bitcoin till years like 2036, 2040 or 2044. I really believe Bitcoin will not make you disappointed.
Many people here believe in bitcoin and are confident that it will not disappoint them. The main reason why people can't leave their bitcoin until 2036 is that they aren't guaranteed to live forever, and the demand and urge to satisfy their basic needs will come in once they've made some profit from their bitcoin investment. These people can always buy again after bull run and a price correction to a lower price later, and then they can jump back into the market. Even at that point, they have the potential to make a significant profit later. The amount of profit you make in bitcoin is determined by how long you are willing to wait before exiting the markets and taking your profit
December 03, 2023, 07:27:29 AM
Bitcoin's price behavior follows a fundamental economic principle of supply and demand. Here's the breakdown: when the supply decreases and demand increases, prices tend to go up. Every four years, Bitcoin undergoes a halving event. This means mining becomes more challenging, and the rewards decrease. Historically, this has led to an increase in Bitcoin's price. Additionally, Bitcoin's status as the pioneer in the crypto space instills a high level of trust among investors. It's wise to accumulate Bitcoin, regardless of whether the market is bullish or bearish, as it tends to show positive movement every four years until the total circulating supply reaches 21 million.
November 19, 2023, 10:05:24 PM
The end of that chart though. Mining looks like it's losing its shiny luster.
I stopped mining BTC for profit a while ago I imagine TX fees will level the playing field in the future.
I stopped mining BTC for profit a while ago I imagine TX fees will level the playing field in the future.
November 19, 2023, 09:17:33 PM
If you are young enough, buy and hold your bitcoin till years like 2036, 2040 or 2044. I really believe Bitcoin will not make you disappointed.
If the bitcoin development process remains smooth, then holding bitcoin until 2036-2044 will definitely be very profitable. Because if we only keep bitcoin for 4 years, the profits we get can be very large. So, especially if you keep bitcoin for more than 4 years, if it goes well the profits will definitely be very large. Because every four years, the price of bitcoin continues to increase quite significantly. Therefore, the longer we keep bitcoin assets, the greater the profits will likely be.But don't forget, that holding bitcoin for a longer period of time also has risks. The reason is, the future of bitcoin is currently still limited to analysis and predictions. No one knows for sure what Bitcoin will look like in the next few years. Therefore, if you want to store bitcoins for a longer period of time, you have to do much more careful calculations and considerations. Especially in terms of capital and knowledge. So that way, at least we will be better prepared to face all the consequences.
November 19, 2023, 08:02:41 PM
My plan is to hold it for long term but I will use it and will take profit when I see full bull market. No doubt that due to limited supply Bitcoin price will increase every cycle but that's not mean that btc will increase flat(straight up). we will see many up and down in these 18 years. I think the better strategy is to buy some btc for long term without selling in any price for atleast ten years and half of btc should be used strategy of buying low and selling high.
A relevant plan is for you to hold some for the long term and take advantage of some of the market madness and This means you can profit when prices rise, with a long position. a simple but smart step
About the ups and downs of the 18 year duration, have you counted them and are there no more after that? Yes, you can see all their past trades. I think this condition will continue because the uniqueness of BTC is that it is always presented with a volatile menu
November 15, 2023, 04:28:12 AM
I don't know what are your plans if you already invested in Bitcoin. Bitcoin has only 21 million coins in total supply and each four years, block subsidy halves one time.
My plan is to hold it for long term but I will use it and will take profit when I see full bull market. No doubt that due to limited supply Bitcoin price will increase every cycle but that's not mean that btc will increase flat(straight up). we will see many up and down in these 18 years. I think the better strategy is to buy some btc for long term without selling in any price for atleast ten years and half of btc should be used strategy of buying low and selling high.
If you are young enough, buy and hold your bitcoin till years like 2036, 2040 or 2044. I really believe Bitcoin will not make you disappointed.
You are right, I think old people should also save fund in btc for their younger family and this will be a great gift for them. Bitcoin journey from 2009 to until 2023 is unbelievable and didn't embarrass any investors. Your advice will work only to those who has extra fund and and this fund will not need in these period of time because sometimes we need this money in the the Bear market and missed the profit we want to get from btc.
November 15, 2023, 02:22:55 AM
Well lets hope for the best. Not so young to but still can wait for another 1years to enjoy and rip the profits grom altcoins and bitcoin holding but surely we dont know what happened that even with halving event we could really feel its worth. Supply and demand is really matter but this is a tech investment or volatile asset which could be surpass by something. Anyway hoping for the best for bitcoin.
November 13, 2023, 10:28:09 PM
I don't know what are your plans if you already invested in Bitcoin. Bitcoin has only 21 million coins in total supply and each four years, block subsidy halves one time.
Crypto can change the financial world, and currently everything is still being worked on and this may have been set by the creator of BTC by including such a concept.
Yes. It is true that there is still an opportunity for individual users to participate in the Bitcoin network to earn Bitcoins through mining activities but, on the other hand there are also some people who fear that the average user running the full version of the Bitcoin software may no longer be able to centralize the network.
So. Anyone with a decently configured computer can think about earning some Bitcoins.
November 12, 2023, 12:58:13 PM
If you are young enough, buy and hold your bitcoin till years like 2036, 2040 or 2044. I really believe Bitcoin will not make you disappointed.
If you buy bitcoin now, be expecting price increase. Next year is another halving. Bull run will follow halving and the price of bitcoin will increase. If to hold bitcoin for a longer time like 20 years, bitcoin is a store of value if not sold for that long time. But do not think it is because there will not be reduce in bitcoin supply again that will be responsible for the price increase alone, although it would be part of it, but as more people are buying bitcoin and also as more bitcoin is bought, the demand is significant enough to make the price increase as the supply into the circulation is not much if compare to the demand, and this makes the price of bitcoin to have been increasing all these time.I agree that you don't have to wait for 20 years before you can make significant profit to sell your bitcoin. Halving is every four years, followed by ATH and bull run, they are perfect times to sell, you can just target one of them to cash in on your investment profits. Of course you can wait for 20 or more years before selling your bitcoin, especially if you're younger and have target to achieve a project in the far future. But it shouldn't be just because of geometrical increases in price that'll make you wait for that long before selling.
I wouldn't worry too much about when the last bitcoin is mined, whether there will be scarcity and price will skyrocket, that is a very long time, I'll be happy to hop on any bull run that suits me and cash in. Repeat and start investing again, that's the cycle for me.
November 11, 2023, 10:18:36 AM
But I am curious to know, when every Bitcoin is mined what will happen to Bitcoin? Does that mean that we will only be revolving around the 20,999,999.9769 . For me it surely sounds odd that the whole world will just have to make use of the limited number of Bitcoin.
Can someone please enlighten me more on how it's gonna work from 2140 and above
Can someone please enlighten me more on how it's gonna work from 2140 and above
I guess you already know how Bitcoin and every other cryptocurrency price get high and low. When the demand is high, and the selling pressure is low, the price gets high. When there is more selling pressure than buying, means people cashing out their Bitcoin, and then the price goes low.
Now, what is the different between Bitcoin and other cryptocurrencies?
Well, Bitcoin is decentralized and has a limited supply which is 21 Million and it's impossible to change. So, it's limited. Since the price depends on the demand, after 2140, the scarcity will increase and people will look for Bitcoin but the supply is still 21 Million. More people will adopt Bitcoin and you never know, you may see 1 BTC = 500K? or maybe more?
On the other hand, most other cryptocurrencies are centralized and the devs can change the supply limit. Which is the reason there won't be any shortage of those coins and there won't be any scarcity as well.
November 11, 2023, 09:40:25 AM
I don't see a problem with buying Bitcoin, as most people will do that, but how long can you wait? Some may be able to keep Bitcoin for a year and others may be able to do so for 10 years, but the amount of profit is determined by buying at the right time and selling at the right time, and you must have the luxury of choosing the right time, otherwise you may lose your money. So investing in Bitcoin is not always profitable, but rather is governed by the simplest rules of all investments
Some people have the mindset of keeping bitcoin for long term but due panic make them to sell when the time is not due, and what you said is right for how long you keep your bitcoin and when you sell your bitcoin also, is not to buy bitcoin and keep for longterm is the matter, what matters most is when to sell, because someone can buy bitcoin this year 2023 as bitcoin price is at thirty seven thousand and after seven years and the person is ready to convert to fiat because of challenges and the price of bitcoin get lower the price and he/she bought the coin. November 11, 2023, 09:19:48 AM
Both supply and demand are important in the future of Bitcoin. People who buy bitcoins hope for higher prices in the future. Those who invest in Bitcoin have specific plans but vary from person to person. The cryptocurrency market is likely to move higher in the future, but this may depend on the particular existence and type of investment. There may be alternatives and appropriate plans for each individual. Since Bitcoin's supply is fixed. Bitcoin price bulling through halving in a certain circle. Bitcoin halving in 2024 has a strong chance of going higher. I think holding bitcoins for a certain period of time can be a profitable way to go in the future.
November 06, 2023, 08:20:16 AM
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focusing on supply only as if it is the reason for the price increase is wrong thinking.
That is indeed right.focusing on supply only as if it is the reason for the price increase is wrong thinking.
Bitcoin's price is influenced by a multitude of factors not only the supply --it only contributes to the price increase but it won't work alone.
However --I cannot blame people for expecting that there is a price increase right after halving comes because it was proven by previous years and this was the most anticipated moment by bitcoin enthusiasts which is really happening.
November 06, 2023, 08:07:43 AM
Supply is not the only thing that creates value. There are many altcoins that burn and reduce supply. However, demand or price do not react positively to this news. Therefore, Bitcoin’s limited supply, even if it is good, will not determine the future of the cryptocurrency unless it is accompanied by growth in demand, which necessarily means More people continue to see Bitcoin as having value.
focusing on supply only as if it is the reason for the price increase is wrong thinking.
focusing on supply only as if it is the reason for the price increase is wrong thinking.
November 05, 2023, 11:50:58 AM
Let's me be real here, how about those of us that doesn't have yet are we gonna be okay to invest after the 2024 halving. I feel like the way people are talking about the halving in 2024 that if you don't investment now it is over for you.
People talk about Bitcoin halving in this way all of the time and the noise and expectation will increase as the halving draws closer. If you cannot buy Bitcoin now, there is nothing you can do but to watch the market and learn from events like the upcoming halving, of course you can buy Bitcoin after the 2024 halving, as a matter of fact you can buy Bitcoin anytime, but if you are buying solely to make ROI off it, you have to watch the timing and try not to buy when it is at the peak of the bull run.But I am curious to know, when every Bitcoin is mined what will happen to Bitcoin?
Bitcoin is limited in supply, so new Bitcoins would no longer be mined and miners would only earn via transaction fees. The Bitcoins in circulation would then be the difference between 21m coins and lost coins. 
November 05, 2023, 11:23:56 AM
After the four years cycle from 2032 to 2036, 99.21% Bitcoin in total supply will be mined by miners. Since 2036, after a halving in 2036, only less than 0.8% bitcoins in total supply is available for Bitcoin miners to get it from mining.
Miner rewards may also change if Bitcoin continues to be actively mined until it runs out.Of the total circulating supply, it has reached 19,534,037 BTC (93%) and still remains 1,465,963 of the 21 million maximum limit according to marketcap data.
It doesn't really matter where it is stored and who has the number of Bitcoins if we add up to 19,534,037.
When Bitcoin is scarce, at that time Bitcoin will ... ...
I think, as Bitcoin decreases in supply, the most important thing I need to think about is how much Bitcoin I hold.
November 05, 2023, 10:44:58 AM
So Bitcoin enters the 99% mined stage in 2032, less than 10 years from now. 1% of that will take another 100 years which is freaking crazy. I am sure until then, it will be focus more on collecting each bit and the prices will surely be something where not everyone on this planet could afford to hold 1 complete/full Bitcoin.
It's going to be very crazy. The good days are ahead, and if you want to be part of that, you gotta HODL your bags now.
It's going to be very crazy. The good days are ahead, and if you want to be part of that, you gotta HODL your bags now.
November 05, 2023, 10:27:44 AM
Average life expectancy is 73 years old which mean holding until 2044 are 20 years, you don't have to be "young enough" to invest Bitcoin and enjoy the reward.
In order to enjoy it you would also need to be able to enjoy it, not in a wheelchair or with a stomach that can't take any soup, which not a problem for some since you don't have the teeth to eat anything else anyhow.
So drop another 10 years in that and you have the maximum age of one who would enjoy those benefits in the 43, so you've just cut about 34% of the world population, not to mention that's also the wealthier. Most of them won't wait till that date, just as some didn't wait for 60k!
There are more priorities in life than waiting for an investment to turn profitable.
Let's me be real here, how about those of us that doesn't have yet are we gonna be okay to invest after the 2024 halving. I feel like the way people are talking about the halving in 2024 that if you don't investment now it is over for you. But the charts show it happens every four years which is good if I don't get to invest/buy now I can still buy when I have the capital.
So you think this will keep happening till there is no end, past performance is no guarantee of future results, keeping the sam pace and the same returns experienced before would be impossible simply because of the lack of wealth in the universe that needs to be poured in.
Never gets old:
It works now because Bitcoin is still you and it's still relatively easy to raise something from a market cap of $600 billion to 2 $ trillion, but what are you going to do when it needs $100 trillion more?
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