If bitcoin reach it's limit - page 3.

Denker

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Quote from: Woshib on June 12, 2016, 09:11:38 AM

When the Bitcoin will reach its limit.
And it continued to grow, you think the price of Bitcoin will increase?

There is no limit!!
In terms of users we still are the very beginning of adoption.
In terms of scaling there won't be a limit as well, because everytime somebody will say this, others will see this as a technical challenge and find a solution.
The internet could never scale, until it does.The limits where pushed even further.The same will happen with Bitcoin.

~Bitcoin~

legendary

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Quote from: Woshib on June 12, 2016, 09:11:38 AM

When the Bitcoin will reach its limit.

Bitcoin reach its limit Huh

Bitcoin will never get limited but its supply or production in the form of block reward will keep on decreasing or get halving.

Yakamoto

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Truthfully I don't think that bitcoin will come anywhere near its limit over the next decade or two. There is still a ton of growth potential, more users that can be brought in, more investors can buy in when they get interested, more businesses can accept Bitcoin, a whole ton of other things can happen before Bitcoin would reach its ceiling.

MicroGuy

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Twitter @realmicroguy

Quote from: Woshib on June 12, 2016, 09:32:54 AM

So, after mining stops, the price of Bitcoin will remain unstable? even if it depends on demand.

Mining might never stop, we can't predict the future. Bitcoin can and will be forked many times over the next 100 years.

Most likely by that time bitcoin will be a much different organism. It's impossible to accurately speak about price.

~~

Hazir

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Quote from: BillyBobZorton on June 12, 2016, 10:11:03 AM

Quote from: Hugroll on June 12, 2016, 09:26:12 AM

Quote from: Woshib on June 12, 2016, 09:11:38 AM

When the Bitcoin will reach its limit.
And it continued to grow, you think the price of Bitcoin will increase?

once it reaches 21 million the amount of bitcoins is only going to decrese due to lost wallets and such. meaning the value per bitcoin should increase gradually.

Bitcoin will not be fully mined until about year 2140.. and by then, I predict a good couple of millions will have been lost in between accidents, people dying and not giving their coins to family, in general losing coin's access forever.

Maybe by then, half the supply is lost forever, so all the economy runs in like 10 million coins.

Which is not a problem as 10 million or even 1 million of BTC is sufficient to sustain clear economy.
As far as I know bitcoin could be even divided even further and additional decimal places can be added if we really want/need to.

BillyBobZorton

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Quote from: Hugroll on June 12, 2016, 09:26:12 AM

Quote from: Woshib on June 12, 2016, 09:11:38 AM

When the Bitcoin will reach its limit.
And it continued to grow, you think the price of Bitcoin will increase?

once it reaches 21 million the amount of bitcoins is only going to decrese due to lost wallets and such. meaning the value per bitcoin should increase gradually.

Bitcoin will not be fully mined until about year 2140.. and by then, I predict a good couple of millions will have been lost in between accidents, people dying and not giving their coins to family, in general losing coin's access forever.

Maybe by then, half the supply is lost forever, so all the economy runs in like 10 million coins.

bbc.reporter

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Quote from: Woshib on June 12, 2016, 09:11:38 AM

When the Bitcoin will reach its limit.
And it continued to grow, you think the price of Bitcoin will increase?

Please rephrase your question. What do you mean "its limit"? Do you mean when all Bitcoins are already mined?

The answer to that is no one knows for sure. Some say the miners will keep supporting the network and live off the transaction fees. But given that, the miners might not include your transaction if your fee given is not high enough. This will result in a competition to give higher fees maybe making transactions in BTC way higher than normal.

About your question on BTC's price increase, it might go up or down. The market decides what its price is moment by moment. But hopefully its price will be way higher than what it is right now.

Lauda

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Terminated.

Quote from: Absolon on June 12, 2016, 09:30:03 AM

Bitcoin has not been very old in the market. It will take many years for it to reach the limit and thinking of such hypothetical things is just a waste of time.

People are not very open to change and Bitcoin is a huge change for them. If they only less ignorant, they might be able to realize how the current system (banks) is over-abusing its position.

Quote from: ?? on ??

Yes, when Bitcoin mining will stop.
So even after mining stops, the price of Bitcoin will remain unstable? even if it depends on demand.

Why are you worried about events that will not occur within your lifetime? Nobody can give you a definite answer for that question.

Woshib

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Quote from: davis196 on June 12, 2016, 09:23:07 AM

Quote from: Woshib on June 12, 2016, 09:11:38 AM

When the Bitcoin will reach its limit.
And it continued to grow, you think the price of Bitcoin will increase?

What limit?Mining limit,when mining stops after 21 milion btc or price limit?

After a few years, after mining stops there will be no supply of new btc and the price will rely only on demand.

If bitcoin continues to gain attention and becomes more and more popular,the price should hit the roof...

Yes, when Bitcoin mining will stop.
So, after mining stops, the price of Bitcoin will remain unstable? even if it depends on demand.

Absolon

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Quote from: Woshib on June 12, 2016, 09:11:38 AM

When the Bitcoin will reach its limit.
And it continued to grow, you think the price of Bitcoin will increase?

Bitcoin has not been very old in the market. It will take many years for it to reach the limit and thinking of such hypothetical things is just a waste of time.

doublemore

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Quote from: Woshib on June 12, 2016, 09:11:38 AM

When the Bitcoin will reach its limit.
And it continued to grow, you think the price of Bitcoin will increase?

The internet has still yet to reach its limits, 2 billion users vs 7 billion people. There is a long way to go before bitcoin can reach full potential maybe 20 years would be a conservative estimate, could be longer.

Hugroll

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Quote from: Woshib on June 12, 2016, 09:11:38 AM

When the Bitcoin will reach its limit.
And it continued to grow, you think the price of Bitcoin will increase?

once it reaches 21 million the amount of bitcoins is only going to decrese due to lost wallets and such. meaning the value per bitcoin should increase gradually.

yhansky

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Quote from: Woshib on June 12, 2016, 09:11:38 AM

When the Bitcoin will reach its limit.
And it continued to grow, you think the price of Bitcoin will increase?

I think bitcoin is just starting to make a rally in preparation of the.bitcoin halving.. bitcoin continously increase its price unti next month..earning bitcoin is my plan right now.

davis196

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Quote from: Woshib on June 12, 2016, 09:11:38 AM

When the Bitcoin will reach its limit.
And it continued to grow, you think the price of Bitcoin will increase?

What limit?Mining limit,when mining stops after 21 milion btc or price limit?

After a few years, after mining stops there will be no supply of new btc and the price will rely only on demand.

If bitcoin continues to gain attention and becomes more and more popular,the price should hit the roof...

Woshib

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Quote from: BitcoinSupremo on June 12, 2016, 09:18:52 AM

Quote from: Woshib on June 12, 2016, 09:11:38 AM

When the Bitcoin will reach its limit.
And it continued to grow, you think the price of Bitcoin will increase?

There still more than 120 years for it to reach its limit, and by that time neither of us will be still alive so why do we care ? I can understand your question only if you intend to leave your coins as a heritage to your children though

.

I did not know it taking so as for Bitcoin to reach it's limit.
So, the Bitcoin will not reach it's limit before?

BitcoinSupremo

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Quote from: Woshib on June 12, 2016, 09:11:38 AM

When the Bitcoin will reach its limit.
And it continued to grow, you think the price of Bitcoin will increase?

There still more than 120 years for it to reach its limit, and by that time neither of us will be still alive so why do we care ? I can understand your question only if you intend to leave your coins as a heritage to your children though

.

2c0de

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Hyperbitcoinisation event promises various surprises. One of the possibilities, that Bitcoin grows more than 730% in a month.

Woshib

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When the Bitcoin will reach its limit.
And it continued to grow, you think the price of Bitcoin will increase?

Topic: If bitcoin reach it's limit - page 3. (Read 2684 times)