Bitcoins volitily predictions when it has reached 21 million made

jonatuzc

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Quote from: Sqooshy on October 28, 2018, 02:30:23 PM

I have happened to find it very interesting that bitcoin will cap out sooner or later. I believe that it will be worth much more when it hits it but a few years down the ride quite possibly it may be worth nothing. Anyone got any predicts and a good reason why?

Do not see this as a curse, but I am pretty sure for you to have been able to write this, you are grown enough, and in case you do not know, I can guarantee you that unless you feel you are going to more than a century year old before you die, since bitcoin will possibly be mining the last coin, sometimes around 2140, you most definitely will not be alive by then.

Now, saying that it will be worth nothing actually sound a bit strange, considering the fact that you are here now, and you still cannot actually understand what makes the space what it is, but I guess that is something you will have to find out and come to terms with yourself if you really want to know.

timerland

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Quote from: Sqooshy on October 28, 2018, 02:30:23 PM

I have happened to find it very interesting that bitcoin will cap out sooner or later. I believe that it will be worth much more when it hits it but a few years down the ride quite possibly it may be worth nothing. Anyone got any predicts and a good reason why?

I definitely think that as the block rewards halve every 4 years, the market will also become more and more stable.

Not just because the fact that the inflation rate of bitcoin is continuously decreasing to the point that the supply becomes stable, but also because people's expectations about bitcoin would also mature over that period of time. No longer would bitcoin be considered to be some form of get rich quick scheme, which it absolutely is not, but rather a viable form of currency and store of value.

That's what is going to happen when the supply of bitcoin maxes out, in my opinion. But intrinsically there shouldn't be much changes to BTC at all.

bintangkejoraku

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https://saturn.black

if the total supply is very small and limited it will make the price of an item increase, so does bitcoin which only has a total supply of 21 million. the longer the price of bitcoin will be more expensive, because bitcoin will be increasingly scarce.

1Referee

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Quote from: gentlemand on November 02, 2018, 08:52:50 AM

I really thought the last bubble would demonstrate less madness but it was still capable of shedding a grand in a day.

How long have you been here?

It's always easy talking afterwards, but if fundamentally nothing really has changed in the last years, why should it not do what it has been doing since its very first exchange listing? The retail side of it will always be a major contributor to bull and bear runs, and as long as they contribute to most of the activity in this space, the market will keep bouncing up and down like crazy.

Another aspect heavily contributing to Bitcoin tanking hard during bear markets, is that altcoin markets don't provide sufficient liquidity to their traders to cash out. What happens is that they cash out to Bitcoin and dump their coins on Bitcoin's fiat markets. We have to swallow dumps from two sides of an industry and that won't change any time soon.

gentlemand

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Welt Am Draht

Quote from: Jating on October 30, 2018, 01:08:19 AM

I think by 2030-2040 we will see the total circulating supply almost cap will the rest of the supply will be just mine until the supply around 2140.

Yup. By 2036 ish 99.2% of coins will have been mined. That leaves over a century to get the final 0.8% which makes it borderline negligible which means we'll have a pretty good idea of what it'll be like within our lifetimes.

Even within 10 years we'll know what the trajectory may look like. It will either be dead and long since superseded or on its way to much bigger things. For volatility to look vaguely non bonkers it needs to be much, much bigger than it is now and in many more pockets.

I really thought the last bubble would demonstrate less madness but it was still capable of shedding a grand in a day.

upsidedown75

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Quote from: Hivalley on October 30, 2018, 01:25:09 AM

White it's still a very long time to go before then,its still almost impossible to predict whats going to pan out when it actually happens

With the emmense growth of this network,do you simply feel it'll just fizzle out at that time, I honestly do not feel so, though I may be wrong, but no one is sure what's going to happen
Only time will tell

There is nothing actually hard to predict here, nothing will change except that bitcoin will not lose its value or its value will be nothing when that comes. We all know that by then, we would have seen some level of mainstream adoption, the value of bitcoin would have increased hugely over time, halving would have happened severally, and so many other developments taking place when it comes to scaling.

I believe the volatility will still be there, but as time goes on with mainstream adoption, it would have decreased to some extent, but the when the last coin will be mined, is not really relevant with what volatility would be like in the long run actually.

okala

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Quote from: Sqooshy on October 28, 2018, 02:30:23 PM

I have happened to find it very interesting that bitcoin will cap out sooner or later. I believe that it will be worth much more when it hits it but a few years down the ride quite possibly it may be worth nothing. Anyone got any predicts and a good reason why?

Yes, it is going to worth more when bitcoin hit 21million. We should expect a very high high pumping and upwards price movement as many will be looking out for adoption and governments acceptability. Those that are not investing now will come into the market when bitcoin become much more valuable.

talkbitcoin

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All I know is that I know nothing.

after 100+ years bitcoin is either long dead and gone or it is one of the strongest currencies on the face of the earth in which case there is not much of a volatility by that time and price will be the most stable all over the world because bitcoin is the only currency that is global and doesn't belong to one country alone.

figmentofmyass

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as the supply limit is approached, the effects of each halving are lessened. after 40 years from inception, the mining subsidy will be less than 0.05 BTC. at the same time, transaction fees should also rise over the long term as demand for block space increases.

since mining subsidy will be miniscule and fees a much larger proportion of block reward, i think reaching the actual 21 million coin limit will be no big deal. several decades from now, bitcoin will already be effectively deflationary because newly mined coins will be so scarce.

Harlot

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Volatility and "will be worth much more" is really not connected to each other. Just like we are experiencing now, we are currently in the bear market but there is still volatility, just like what will happen if all of the BTC will be mined BTC will still be a volatile asset and it will never be a stable asset. As long as the majority of the supply is controlled by the whales expect that volatility in BTC will always be bad as they are the ones influencing the price movement of the market, and it will never change.

darewaller

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Quote from: Sqooshy on October 28, 2018, 02:30:23 PM

I have happened to find it very interesting that bitcoin will cap out sooner or later. I believe that it will be worth much more when it hits it but a few years down the ride quite possibly it may be worth nothing. Anyone got any predicts and a good reason why?

Honestly, it doesn't matter if it reaches 21 million or it is 18-19 million, the upcoming coins are mined both really slowly and also doesn't really make a huge difference in the market. They are good for miners but that is about it, no one else takes any advantage out of it. It is not like we are at 700k bitcoin right now and 20+ million to mined. There is only couple million left and the important question is what will happen when it is getting closer to the 21th million coin.

The reality it will never be mined and whenever it gets close there will be a halving that will fix that. If the miners start to not make enough from mining the coin itself they will need to make money from transaction fees and unless we figure out a way that will make them a decent chunk of money to cover the difference than they may stop doing that work and suddenly leave us with a much slower blockchain.

Hivalley

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White it's still a very long time to go before then,its still almost impossible to predict whats going to pan out when it actually happens

With the emmense growth of this network,do you simply feel it'll just fizzle out at that time, I honestly do not feel so, though I may be wrong, but no one is sure what's going to happen
Only time will tell

Jating

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Quote from: Sqooshy on October 28, 2018, 02:30:23 PM

I have happened to find it very interesting that bitcoin will cap out sooner or later. I believe that it will be worth much more when it hits it but a few years down the ride quite possibly it may be worth nothing. Anyone got any predicts and a good reason why?

I think by 2030-2040 we will see the total circulating supply almost cap will the rest of the supply will be just mine until the supply around 2140.

So its going to be interesting to see in the next 10-20 years what will be the price. But in my opinion, we might see the price going into 6 digits as bitcoin becoming scarce and demand is very high. I don't buy that notion that it will be complete worthless because its one of the best speculative assets so far and it will continue a viable investments for everyone.

pooya87

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"sooner or later" in this context means 2140 or in other words you are trying to speculate about things that can happen after 122 years! it is simply impossible to do so even if we weren't talking about bitcoin. for instance can you tell us what will price of gold be after 122 years? obviously not, we don't know how the world is going to be after 50 years let alone after 122 years.

SimonJones

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Quote from: Sqooshy on October 28, 2018, 02:30:23 PM

I have happened to find it very interesting that bitcoin will cap out sooner or later. I believe that it will be worth much more when it hits it but a few years down the ride quite possibly it may be worth nothing. Anyone got any predicts and a good reason why?

It is hard to predict anything now. It may rise or fall but we are already aware of this nature of bitcoins so a fall will not affect me so much but a rise in the price will make me the happiest person in the world.

Rey Mysterio

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First of all it will take a lot of time for the last Bitcoin to be mined, around 2140 give or take. We see Bitcoin as such a potential for investment because when it debuted back in 2009 it was worth a mere 0.6$ per coin. And this is the same coin that topped out as far as 20,000$. Sure it peaked at 2017 and it has lost more than half the value but, people are more confidant than ever as it has reached from the deepest part of the dark web to the mainstream. And as far as speculation goes a lot of big names in crypto have are speculating some huge value to turn up in BTC such as John McAfee expects it will go as high as 500,000$ by 2020 to Mike Novogratz expecting it to go for 40,000$ just by the end of this year. But in the end it is speculation and we're have to wait and see how it turnsout.

Rufuspetersko

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It is a situation for a future far way. Yes it can hit much more higher price as their would be higher demand because of low supply. Or the opposite could happen and it may worth nothing. I am sure there would be some solution just in time.

Rufuspetersko

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Nothing is predictable in cryptocurrency market. Bitcoin can anytime rise up or fall down. But I believe it will be worth much more.Let's hope for the best.

Sqooshy

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I have happened to find it very interesting that bitcoin will cap out sooner or later. I believe that it will be worth much more when it hits it but a few years down the ride quite possibly it may be worth nothing. Anyone got any predicts and a good reason why?

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