I think bitcoin will not run out not because of mining alone, bitcoin itself is obtained from the fee per transaction. currently the transaction is not only in exchange but from trading also there is a fee withdraw each time. even from gambling there is a separate fee that goes into bitcoin. I think the bitcoin will not run out because of the above factors, the higher the bitcoin value the higher the exchange rate from other coin to bitcoin while the fee per transcation is up to 0.0005 btc. from any mining there is a fee per transaction withdraw, I think bitcoin will not be exhausted and stakeholders will utilize if the occurrence of panic price because of that the stakeholders buy cheap and sell at high prices. maybe that's all in my opinion, sorry more apologies.
Actually there is a limit on mining Bitcoin and i think at the moment that Bitcoin can't be mined anymore the price of Bitcoin will increase huge. 
Topic: BTC rate when bitcoin will mined (Read 971 times)
I think if bitcoin already mined the value will be much expensive than today because the demand will increasing while the supply would running out. Most of the bitcoin holder will continue to hold until the value reach their expected value in the future. That is why i do not waste every single time to collect bitcoin in multiple method i know here in crypto world.
I think bitcoin will not run out not because of mining alone, bitcoin itself is obtained from the fee per transaction. currently the transaction is not only in exchange but from trading also there is a fee withdraw each time. even from gambling there is a separate fee that goes into bitcoin. I think the bitcoin will not run out because of the above factors, the higher the bitcoin value the higher the exchange rate from other coin to bitcoin while the fee per transcation is up to 0.0005 btc. from any mining there is a fee per transaction withdraw, I think bitcoin will not be exhausted and stakeholders will utilize if the occurrence of panic price because of that the stakeholders buy cheap and sell at high prices. maybe that's all in my opinion, sorry more apologies.
That's when the true deflation kicks in, though the block reward will be so low for so many years beforehand that it'll effectively already be in place anyway.
If Bitcoin by then is the de facto option for protecting your savings from inflation then it will be the most desirable asset available to humanity. Throw in no more new coins and that's not exactly going to be a disaster for the price.
But what happens to the miners when there is almost no block reward will they keep mining in order to get the fees of the transactions or will they move to other blockchains? In my opinion that is going to be the key to know what it is going to be the future of bitcoin, do not you agree? If Bitcoin by then is the de facto option for protecting your savings from inflation then it will be the most desirable asset available to humanity. Throw in no more new coins and that's not exactly going to be a disaster for the price.
After all bitcoins get mined. There will be a limited stock left with us to trade with. With seeing its current demand its price will touch skies.
The supply is very limited right now and that has made the price to go up that much in such a short amount of time, but even if the amount of bitcoin keeps growing demand is growing a lot faster and that is going to push the price to even greater heights.After all bitcoins get mined. There will be a limited stock left with us to trade with. With seeing its current demand its price will touch skies.
The supply is very limited right now and that has made the price to go up that much in such a short amount of time, but even if the amount of bitcoin keeps growing demand is growing a lot faster and that is going to push the price to even greater heights. 
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
I am not too much into speculation or such things but I think that bitcoin will not be able to survive until then. I have been mining bitcoin in past but still feel the same. Reasons are endless and we all know that these reasons are enough to challenge the longevity of bitcoin. ever increasing transaction fees and transaction time is just a very small example. As per the network so designed its not possible that all bitcoins could be mined before 2138 but we all know that technology grows everyday so won't be surprised to see all the bitcoins mined pretty sooner than this date. but as for their existence just can't guarantee that. maybe its value just might remain around $1000.And some (like me) believe that nothing will change for a long time after this.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
It will be 100x the current price i think because of there will be no more bitcoin created and all miners will rely on transaction fees only. transaction fees in the future would be much expensive than today but a small fraction only of bitcoin. And some (like me) believe that nothing will change for a long time after this.
It would be possible to mine bitcoin completely only until 2138 considering that technology gradually increases at the current pace. This is because the hashrate would decrease continuously when more and more bitcoins are mined. I don't really think BTC would be able to survive until then. Because if we are trying to say that bitcoin is going to replace fiat in 10 years. Then the fiat system nearly lasted 100 years. Bitcoin would last roughly the same or may be less considering that people are never stagnant and try to find way outs to outshine current cons.
That is it! A lot of things would definitely change. Technology keeps increasing every now and then and we keep seeing new things. A lot of generation including us would have passed by then and we really do not even know if bitcoin would be the same like what we have now when that time comes.Starting from when internet started till now and a lot that has changed, check out when email started and a lot that has changed, even PCs keep coming up with newer and better technologies. Same is definitely going to happen with bitcoin in the long run.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
When the last block would get mined and the last bitcoin coming in to circulation,then there would be no more bitcoins available in the market.But still,there would be an increasing demand for bitcoins due to newbie entering the market.This would result in very high increase in its price.There would be a huge scarcity for bitcoins.And some (like me) believe that nothing will change for a long time after this.
That's the main reason that bitcoin is free from inflation since it has finite supply unlike US Dollars.That is also a main reason for which more investors buy bitcoins with huge trust.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
And some (like me) believe that nothing will change for a long time after this.
I think that if bitcoin will still be existed at that time it is probably going to be the main global currency.
Bitcoin mining is going to be stopped at the year of 2140( we all won't live to see that), and I think that if miners will keep mining for fees only( as there won't be any block rewards), it means that the fee amount is going to be very high , which also means that there is a large usage for the bitcoin network, and if there will be so large usage for the bitcoin network it means that bitcoin will be one of the main world currencies.
I don't think that fees will go high if all all the coins are already mined. More transaction fees can be included on the blocks and it can definitely compensate the absence of the rewards per block. What is needed is that the price of bitcoin should go up by that time because less rewards means less bitcoin per member of a pool. Bad thing we will not see what will really happen by that time, and we are not sure if the last bitcoin will be mined.
It would be huge but the truth is that a lot of miners would have even stopped mining as it would no longer be profitable to mine, worse than what we are already having. Like you said, the worst part is a whole lot of us here today won't even be alive by then to experience what would happen.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
How will anyone ever know that? We are not soothsayers and we cannot even see the future. Also, even if all the bitcoins are mined, that does not mean the value cannot keep increasing. Everything is based on the demand and supply. It is not a matter of belief that nothing will change; it is a fact that nothing will change after everything is mined as what we are seeing now is what we are still going to keep seeing.And some (like me) believe that nothing will change for a long time after this.
However, by then, I believe bitcoin should have been fully solid in foundation with a lot of investors already in and a huge market cap by then, which would make us not to see all this FUDs, panics, high level of volatility and so on by then.
The value at this stage is what no one can definitely know. I am sure before then, a lot of miners would have given up and knowing that the difficulty may drop a little if that happens, companies like bitmain may end up being the ones enjoying mining by then. The fact is that a lot may have even changes before then as no one knows.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
No way to know unless there are some big medical advances, not a single one of us is going to be here when that happens, and if bitcoin is still around at that point in time it is very likely that bitcoin has become one of the dominant currencies of the world and that we think in prices in terms of bitcoin.And some (like me) believe that nothing will change for a long time after this.
That's when the true deflation kicks in, though the block reward will be so low for so many years beforehand that it'll effectively already be in place anyway.
If Bitcoin by then is the de facto option for protecting your savings from inflation then it will be the most desirable asset available to humanity. Throw in no more new coins and that's not exactly going to be a disaster for the price.
If Bitcoin by then is the de facto option for protecting your savings from inflation then it will be the most desirable asset available to humanity. Throw in no more new coins and that's not exactly going to be a disaster for the price.
It is impossible to predict what is going to happen 100 years from now. Bitcoin can possibly disappear until the whole supply it is mined or it is possible that another cryptocurrency with more advantages to surpass it. If none of those will happen, the price will be higher for sure with x10 at least.
Most people say that in future the fees will be huge because the mining will become harder. Well, the fees wil obviously increase but think that the price will also increase and this will compensate the fees. The economy will change and fees will adapt to that. Anyway, new technology will be discovered and I think that even if mining will be higher the new technologies will again compensate that and the mining will be the same as now.
According to me the price of bitcoin will got increase more because more people will invest and that’s why bitcoin will become more popular, the price of bitcoin will be very high in the future I think because a lot of people will know and will participate in bitcoin. Most people say that in future the fees will be huge because the mining will become harder. Well, the fees wil obviously increase but think that the price will also increase and this will compensate the fees. The economy will change and fees will adapt to that. Anyway, new technology will be discovered and I think that even if mining will be higher the new technologies will again compensate that and the mining will be the same as now.
After all bitcoins get mined. There will be a limited stock left with us to trade with. With seeing its current demand its price will touch skies.
I don't think there would be limited bitcoin rather a lot of premium would be placed on the ones available by that time 1 satoshi could worth a lot more than it does today. Also, by that time, there rate of volatility would not be so high as we have it today because a lot of people would have heard and be involved, a lot of forks would have happen that new forks wont even make any difference, major events wont even make any major impact at all.
The block reward gets lower and lower over time, until it smoothly (jumps by half each time) reaches zero over 100+ years. I think the real question is: what happens when the block reward becomes "too low"?
My opinion is that over time, bitcoin is becoming more and more valuable, so the block reward becoming lower (measured in BTC) over time is not a problem because the value is still the same or growing.
The fees, which we don't consider very valuable for miners today, will only become more and more expensive. At some point in the future, it will only make sense to transfer huge amounts of value using bitcoin, because of the fees, and at that point those fees will be incredibly rewarding to miners and will replace the shrinking block reward.
My opinion is that over time, bitcoin is becoming more and more valuable, so the block reward becoming lower (measured in BTC) over time is not a problem because the value is still the same or growing.
The fees, which we don't consider very valuable for miners today, will only become more and more expensive. At some point in the future, it will only make sense to transfer huge amounts of value using bitcoin, because of the fees, and at that point those fees will be incredibly rewarding to miners and will replace the shrinking block reward.
I think you are right that the value increasing will make sure the block reward is sufficient but I like to think you are wrong in terms of fees and that eventually we will have ways to send bitcoin for very low fees. If fees are so large that it is only used for large transactions then we will lose a lot of the value in bitcoin.
It is one good thing to come of all of these bitcoin forks, while I disagree with a lot of them, it certainly increases the competition that bitcoin can come under as there are now some very viable alternatives. It means that developers will have to be on their toes and make sure they keep bitcoin performing to expectations or users will simply move to alternative options.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
No way to know unless there are some big medical advances, not a single one of us is going to be here when that happens, and if bitcoin is still around at that point in time it is very likely that bitcoin has become one of the dominant currencies of the world and that we think in prices in terms of bitcoin. And some (like me) believe that nothing will change for a long time after this.
When that time come, I believe the price of bitcoin will riseee massively. But well, I don't think bitcoin can be mined completely.
I think it's really hard to prediction cause the total supply amount of Bitcoin will be run out in next more than 100 years, I think nobody in this forum can alive until that time. I can ensure that before the total supply amount of Bitcoin run out, the price of Bitcoin will keep increasing but when the supply amount of Bitcoin run out, there will be 2 cases can be happen, if at that time Bitcoin still not legalized worldwide, nobody will keep using Bitcoin like before then Bitcoin price will be dumped very quickly but if it'll be legalized at that time I think the price of Bitcoin will go to the moon, maybe Bitcoin price will me millions dollars at that time 
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What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
The bitcoin rate before and after being mined will be the same, only the bitcoin supply is reduced. The more miners, then the miners' income also will be subdivided. I never heard about the rate before and after being mined. And some (like me) believe that nothing will change for a long time after this.
The concept of bitcoins amd the price change depends on the factor "Demand and supply". According to me, after all the bitcoins are mined, the demand will be the same but the supply will be stopped and the coins in the circulation i.e 21 Million bitcoins will be circulated similar to other national centralised currencies. So perhaps bitcoin will not show much price variation but will move slightly similar to other currencies.
Why will supply ever stop? If supply stops, that totally means everyone will stop spending, so who will you have your bitcoin to exchange with? Bitcoin may not be as volatile as it is now, but supply will always be there, but if it is highly usable, we may see more demand than supply. However, as long as people find ways to earn it, and they can easily spend it on whatever they want, that would keep the cycle going on and on after the whole thing. We cannot know however, what the value would be but it is definitely not going to be stagnant.
What do you mean by totally mined if you are trying to say that all the bitcoins have been mined and no more coins can be mined then that could lead to shortage of Bitcoins which will definitely result in the increase of Bitcoin prices by a very big margin. As the supply of bitcoins would be limited the prices can skyrocket.
The block reward gets lower and lower over time, until it smoothly (jumps by half each time) reaches zero over 100+ years. I think the real question is: what happens when the block reward becomes "too low"?
My opinion is that over time, bitcoin is becoming more and more valuable, so the block reward becoming lower (measured in BTC) over time is not a problem because the value is still the same or growing.
The fees, which we don't consider very valuable for miners today, will only become more and more expensive. At some point in the future, it will only make sense to transfer huge amounts of value using bitcoin, because of the fees, and at that point those fees will be incredibly rewarding to miners and will replace the shrinking block reward.
My opinion is that over time, bitcoin is becoming more and more valuable, so the block reward becoming lower (measured in BTC) over time is not a problem because the value is still the same or growing.
The fees, which we don't consider very valuable for miners today, will only become more and more expensive. At some point in the future, it will only make sense to transfer huge amounts of value using bitcoin, because of the fees, and at that point those fees will be incredibly rewarding to miners and will replace the shrinking block reward.
I think you are right that the value increasing will make sure the block reward is sufficient but I like to think you are wrong in terms of fees and that eventually we will have ways to send bitcoin for very low fees. If fees are so large that it is only used for large transactions then we will lose a lot of the value in bitcoin.
The block reward gets lower and lower over time, until it smoothly (jumps by half each time) reaches zero over 100+ years. I think the real question is: what happens when the block reward becomes "too low"?
My opinion is that over time, bitcoin is becoming more and more valuable, so the block reward becoming lower (measured in BTC) over time is not a problem because the value is still the same or growing.
The fees, which we don't consider very valuable for miners today, will only become more and more expensive. At some point in the future, it will only make sense to transfer huge amounts of value using bitcoin, because of the fees, and at that point those fees will be incredibly rewarding to miners and will replace the shrinking block reward.
My opinion is that over time, bitcoin is becoming more and more valuable, so the block reward becoming lower (measured in BTC) over time is not a problem because the value is still the same or growing.
The fees, which we don't consider very valuable for miners today, will only become more and more expensive. At some point in the future, it will only make sense to transfer huge amounts of value using bitcoin, because of the fees, and at that point those fees will be incredibly rewarding to miners and will replace the shrinking block reward.
I think you are right that the value increasing will make sure the block reward is sufficient but I like to think you are wrong in terms of fees and that eventually we will have ways to send bitcoin for very low fees. If fees are so large that it is only used for large transactions then we will lose a lot of the value in bitcoin.
Hi,
I guess that when bitcoin is completely mined, the value will remain stable for some time. I mean, once you have no easy way to get bitcoin, people will be less tempted to bet at incredible rates... So the bitcoin should get a stabilized value (very high I think).
Then, what will be interesting is to see how people deal with it, if they let bitcoin die or of they will find new ways, new uses for crypto-currencies!
I guess that when bitcoin is completely mined, the value will remain stable for some time. I mean, once you have no easy way to get bitcoin, people will be less tempted to bet at incredible rates... So the bitcoin should get a stabilized value (very high I think).
Then, what will be interesting is to see how people deal with it, if they let bitcoin die or of they will find new ways, new uses for crypto-currencies!
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
And some (like me) believe that nothing will change for a long time after this.
Not an economist here but assuming we get to see the day it will be mined out, I think there will be a jump from the price prior to mining out. People tend to focus on once-a-lifetime event so I can see more would come out to buy the last few coins.
From there there'll probably be a short plateau while people absorb the fact that mining is over.
The block reward gets lower and lower over time, until it smoothly (jumps by half each time) reaches zero over 100+ years. I think the real question is: what happens when the block reward becomes "too low"?
My opinion is that over time, bitcoin is becoming more and more valuable, so the block reward becoming lower (measured in BTC) over time is not a problem because the value is still the same or growing.
The fees, which we don't consider very valuable for miners today, will only become more and more expensive. At some point in the future, it will only make sense to transfer huge amounts of value using bitcoin, because of the fees, and at that point those fees will be incredibly rewarding to miners and will replace the shrinking block reward.
My opinion is that over time, bitcoin is becoming more and more valuable, so the block reward becoming lower (measured in BTC) over time is not a problem because the value is still the same or growing.
The fees, which we don't consider very valuable for miners today, will only become more and more expensive. At some point in the future, it will only make sense to transfer huge amounts of value using bitcoin, because of the fees, and at that point those fees will be incredibly rewarding to miners and will replace the shrinking block reward.
Some people are saying Bitcoin will be wroth $1,000,000 each, but my prediction is BTC will be worth even more than $1,000,000 and let me tell you why... see, it is always being lost every day. Bitcoin is lost through mistakes transactions, lost private keys and more. It sucks, but that is the reality of Bitcoin. With that said, the value always increases. By the year 2140 when the last Bitcoin will be mined, I predict that the price will be over $2,000,000.
I think nobody can tell what will happen then. I could picture that bitcoins price would first rise due to the fact that there will no more coins being mined so people start a run on the existing ones because everybody expects a rise in price, this run then makes the price grow and then the price will stagnate at a certain level and might slowly decline again. Just letting my imagination flow here. Dont really know how this scenario will turn out, but its some time until we face that anyways.
I think it's really difficult to predict but when the total supply amount of Bitcoin , 21m, still available and not mined out I think the price of Bitcoin will keep increasing and maybe if when 21m Bitcoin mined out and Bitcoin still not legalized worldwide I think it'll be bad and everyone will change to use other cryptocurrency like ETH or LTC with available supply amount but not Bitcoin then Bitcoin price will decrease very quickly to zero. But as I know the total supply amount of Bitcoin will be mined out at 2140 so it's more than 100 years left, let see what will happen 
It is impossible to predict what is going to happen 100 years from now. Bitcoin can possibly disappear until the whole supply it is mined or it is possible that another cryptocurrency with more advantages to surpass it. If none of those will happen, the price will be higher for sure with x10 at least.
Most people say that in future the fees will be huge because the mining will become harder. Well, the fees wil obviously increase but think that the price will also increase and this will compensate the fees. The economy will change and fees will adapt to that. Anyway, new technology will be discovered and I think that even if mining will be higher the new technologies will again compensate that and the mining will be the same as now.
Bitcoin 's disappearance scenario scared me very much but it' s likely to happen. Because if a new technology emerges Bitcoin 's situation will be difficult. Also, FedCoin is likely to go on the market, I do not think rumors will happen. Most people say that in future the fees will be huge because the mining will become harder. Well, the fees wil obviously increase but think that the price will also increase and this will compensate the fees. The economy will change and fees will adapt to that. Anyway, new technology will be discovered and I think that even if mining will be higher the new technologies will again compensate that and the mining will be the same as now.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
And some (like me) believe that nothing will change for a long time after this.
It will not happen very soon. Probably before this time comes a very powerful cryptocurrency, stronger than Bitcoin will appear. However, when it is mined totally, it will be used further and probably will be even taxed (just a thought, not more).
After all bitcoins get mined. There will be a limited stock left with us to trade with. With seeing its current demand its price will touch skies.
It is impossible to predict what is going to happen 100 years from now. Bitcoin can possibly disappear until the whole supply it is mined or it is possible that another cryptocurrency with more advantages to surpass it. If none of those will happen, the price will be higher for sure with x10 at least.
Most people say that in future the fees will be huge because the mining will become harder. Well, the fees wil obviously increase but think that the price will also increase and this will compensate the fees. The economy will change and fees will adapt to that. Anyway, new technology will be discovered and I think that even if mining will be higher the new technologies will again compensate that and the mining will be the same as now.
Most people say that in future the fees will be huge because the mining will become harder. Well, the fees wil obviously increase but think that the price will also increase and this will compensate the fees. The economy will change and fees will adapt to that. Anyway, new technology will be discovered and I think that even if mining will be higher the new technologies will again compensate that and the mining will be the same as now.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
And some (like me) believe that nothing will change for a long time after this.
When you say rate I presume you mine price, from a simple economic point of view you would guess it would lead to a price increase because supply is then limited and can no longer increase, supply increasing leads to a price fall and so supply being fixed would mean all demand increases lead to a price increase.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
When that happens then the circulating supply will always be fixed to 21 million coins at most. It is obvious that when it is all mined, bitcoin would surely go up in price but the question is that will it go up more in long term after that event happened? The answer to this question will only be known when that time comes because if it happens that by that time btc price is still speculation driven, then it will surely go down slowly but surely after that point. And some (like me) believe that nothing will change for a long time after this.
Quite obviously if the bitcoins will be completely mined and Their supply will be limited then the price of bitcoins will increase tremendously because you know..if.. ther won't be any more supply of bitcoins from the outside then people will fight for the limited amount of bitcoins that they posess that will increase the price of bitcoins in millions.
Some say that new blocks will be introduced ready for minning again but I do think that its not really reasonable to introduce new blocks after attaining the full potential of bitcoins it can finally set it sights on becoming a global currency.
Anyways I would like to know what else you have heard about it ?
This is obvious, but nevertheless, at the moment, the growth rate of bitcoin is still fueled mainly by artificial manipulations, and not by an increase in the deficit of the coin. So, its behavior in the future is not so unambiguous... Some say that new blocks will be introduced ready for minning again but I do think that its not really reasonable to introduce new blocks after attaining the full potential of bitcoins it can finally set it sights on becoming a global currency.
Anyways I would like to know what else you have heard about it ?
Quite obviously if the bitcoins will be completely mined and Their supply will be limited then the price of bitcoins will increase tremendously because you know..if.. ther won't be any more supply of bitcoins from the outside then people will fight for the limited amount of bitcoins that they posess that will increase the price of bitcoins in millions.
Some say that new blocks will be introduced ready for minning again but I do think that its not really reasonable to introduce new blocks after attaining the full potential of bitcoins it can finally set it sights on becoming a global currency.
Anyways I would like to know what else you have heard about it ?
Some say that new blocks will be introduced ready for minning again but I do think that its not really reasonable to introduce new blocks after attaining the full potential of bitcoins it can finally set it sights on becoming a global currency.
Anyways I would like to know what else you have heard about it ?
The concept of bitcoins amd the price change depends on the factor "Demand and supply". According to me, after all the bitcoins are mined, the demand will be the same but the supply will be stopped and the coins in the circulation i.e 21 Million bitcoins will be circulated similar to other national centralised currencies. So perhaps bitcoin will not show much price variation but will move slightly similar to other currencies.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
And some (like me) believe that nothing will change for a long time after this.
People lose their bitcoins everyday, losing their wallets, corrupting hard drives, sending to the wrong address that is inaccessible to anyone. Silly things happen everyday that eat at the total amount of bitcoins that are usable at any given moment, but for right now mining is happening quicker than BTC is being lost to oblivion; once the mining stops the supply only goes down, and assuming interest in bitcoin increases or even remains stagnate we'll see a major upward trend in price for a long time.
Y'know, Supply & Demand, all that good simple economics stuff. As long as bitcoin can handle the volume of transactions that comes along with the increase in interest/demand then I wouldn't imagine anyone being scared off through the flaws of bitcoin itself. With that being said, and a constantly decreasing supply, hang onto to your hats boys (or dare I say, coins)... The next few years are gonna be bumpy in the best way possible.
It would be possible to mine bitcoin completely only until 2138 considering that technology gradually increases at the current pace. This is because the hashrate would decrease continuously when more and more bitcoins are mined. I don't really think BTC would be able to survive until then. Because if we are trying to say that bitcoin is going to replace fiat in 10 years. Then the fiat system nearly lasted 100 years. Bitcoin would last roughly the same or may be less considering that people are never stagnant and try to find way outs to outshine current cons.
Theoretically, the value of 1 bitcoin by then is extremely high that transaction fees would be sufficient to cover all the miners' expenses, but that would defeat the vision of "fast and cheap" transactions, so we can see a future change in algorithm that would render PoW in bitcoin obsolete. There are many possibilities, but the main concern would be fast and affordable transactions abige anything else.
A lot of people has argued if that 0 inflation model will be viable or not. I think it should be viable, the amount of money in the bitcoin blockchain would indeed be so high that the price should be extremely high by then, but at the end of the day miners need transactions in order to make money. Assuming that lightning networks are a success, then the amount of transactions happening on-chain should be enough for miners to live off fee revenue only without newly minted bitcoins (because at the end of the LN is just compressed off-chain transactions that end up in the blockchain packaged in blocks)
The chances of PoW getting totally outdated by then are for me totally unknown. Who knows what will be around 2140? I presume whoever is alive by then will be able to get 100% consensus to avoid total irrelevancy for bitcoin so bitcoin could survive with a successful hardfork. The alternative would be death so I guess there will not be as much drama as it is now which is mostly politics.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
And some (like me) believe that nothing will change for a long time after this.
I think that if bitcoin will still be existed at that time it is probably going to be the main global currency.
Bitcoin mining is going to be stopped at the year of 2140( we all won't live to see that), and I think that if miners will keep mining for fees only( as there won't be any block rewards), it means that the fee amount is going to be very high , which also means that there is a large usage for the bitcoin network, and if there will be so large usage for the bitcoin network it means that bitcoin will be one of the main world currencies.
do not believe what people say about something like this,
from my point of view we should take more than a hundred years or even in my opinion it will never can be mine completely.
why ? because everytime the halving time comes,the rewards only get halved which mean we will always mine it no matter how much the reward is.
to make it easy do your math;
for example every block we will make around 2Bitcoin,and 4 years later we will face another halving which mean the rewards will be 1Bitcoin for every blocks.
so what will happen in the next 4 years later ? nothing much,only the rewards decreased a half.
4/2=1.
1/2=0.5.
0.5/2=0.25.
and many more.
if you understand what i mean,
the rewards will be decresead a lot with the time and we will never mine it all completely.
In other words, there are still a whooping 4, 400, 000 BTC left to be mined!
When size of block upgrades, many transaction comes fast to be pickup by miners with low fees.
This conditions can cause decreasing rewards due to problems solved fast. So for completely these BTC left to be mined, it will need many long years could be a hundred more.
Theoretically, the value of 1 bitcoin by then is extremely high that transaction fees would be sufficient to cover all the miners' expenses, but that would defeat the vision of "fast and cheap" transactions, so we can see a future change in algorithm that would render PoW in bitcoin obsolete. There are many possibilities, but the main concern would be fast and affordable transactions abige anything else.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
And some (like me) believe that nothing will change for a long time after this.
I think that if bitcoin will still be existed at that time it is probably going to be the main global currency.
Bitcoin mining is going to be stopped at the year of 2140( we all won't live to see that), and I think that if miners will keep mining for fees only( as there won't be any block rewards), it means that the fee amount is going to be very high , which also means that there is a large usage for the bitcoin network, and if there will be so large usage for the bitcoin network it means that bitcoin will be one of the main world currencies.
I don't think that fees will go high if all all the coins are already mined. More transaction fees can be included on the blocks and it can definitely compensate the absence of the rewards per block. What is needed is that the price of bitcoin should go up by that time because less rewards means less bitcoin per member of a pool. Bad thing we will not see what will really happen by that time, and we are not sure if the last bitcoin will be mined.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
The price will be over 10x. But remember when the halving already happened in the previous year and that makes the price of the bitcoin will be doubled. Every halving will give the double price to the bitcoin as the block reward getting reduced. And some (like me) believe that nothing will change for a long time after this.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
And some (like me) believe that nothing will change for a long time after this.
I think that if bitcoin will still be existed at that time it is probably going to be the main global currency.
Bitcoin mining is going to be stopped at the year of 2140( we all won't live to see that), and I think that if miners will keep mining for fees only( as there won't be any block rewards), it means that the fee amount is going to be very high , which also means that there is a large usage for the bitcoin network, and if there will be so large usage for the bitcoin network it means that bitcoin will be one of the main world currencies.
do not believe what people say about something like this,
from my point of view we should take more than a hundred years or even in my opinion it will never can be mine completely.
why ? because everytime the halving time comes,the rewards only get halved which mean we will always mine it no matter how much the reward is.
to make it easy do your math;
for example every block we will make around 2Bitcoin,and 4 years later we will face another halving which mean the rewards will be 1Bitcoin for every blocks.
so what will happen in the next 4 years later ? nothing much,only the rewards decreased a half.
4/2=1.
1/2=0.5.
0.5/2=0.25.
and many more.
if you understand what i mean,
the rewards will be decresead a lot with the time and we will never mine it all completely.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
And some (like me) believe that nothing will change for a long time after this.
I think that if bitcoin will still be existed at that time it is probably going to be the main global currency.
Bitcoin mining is going to be stopped at the year of 2140( we all won't live to see that), and I think that if miners will keep mining for fees only( as there won't be any block rewards), it means that the fee amount is going to be very high , which also means that there is a large usage for the bitcoin network, and if there will be so large usage for the bitcoin network it means that bitcoin will be one of the main world currencies.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
And some (like me) believe that nothing will change for a long time after this.
The mining difficulty increases over time so I expect the price of Bitcoins to increase gradually as fewer coins are mined. For this reason, I think the price increase will be built into Bitcoin by the time the last coin is mined. This will be way into the future but there will be so few Bitcoins mined even 50 years from now that there will be virtually no new coins available even then. Already about 75% of the coins are mined just at 9 years so we are seeing the mining drop and the price increase now as well.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
And some (like me) believe that nothing will change for a long time after this.
I think that if bitcoin will still be existed at that time it is probably going to be the main global currency.
Bitcoin mining is going to be stopped at the year of 2140( we all won't live to see that), and I think that if miners will keep mining for fees only( as there won't be any block rewards), it means that the fee amount is going to be very high , which also means that there is a large usage for the bitcoin network, and if there will be so large usage for the bitcoin network it means that bitcoin will be one of the main world currencies.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
And some (like me) believe that nothing will change for a long time after this.
I think that if bitcoin will still be existed at that time it is probably going to be the main global currency.
Bitcoin mining is going to be stopped at the year of 2140( we all won't live to see that), and I think that if miners will keep mining for fees only( as there won't be any block rewards), it means that the fee amount is going to be very high , which also means that there is a large usage for the bitcoin network, and if there will be so large usage for the bitcoin network it means that bitcoin will be one of the main world currencies.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
And some (like me) believe that nothing will change for a long time after this.
Not an economist here but assuming we get to see the day it will be mined out, I think there will be a jump from the price prior to mining out. People tend to focus on once-a-lifetime event so I can see more would come out to buy the last few coins.
From there there'll probably be a short plateau while people absorb the fact that mining is over.
What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
And some (like me) believe that nothing will change for a long time after this.
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