Topic: Possible scenario when all Bitcoin is completely mined. (Read 629 times)
mining will solely rely to the transactions. its either miners will start to look for other coins to mine or they will all just take chance to keep mining for the fees. since the price of btc will also be higher than what we currently have today, i'm sure its worth it unless everyone is holding their coins as BTC gets rarer every day. rare coins aren't going to be traded well which means less fees for the miners.
The price of bitcoin will soar very high as miners and holders will begin to hold the bitcoin in their possession. I would have say that bitcoin transaction will increase to encourage miners, but the lightening network will make things cheaper. The bitcoin final mining is still way far for the last block. Which is year 2140. Altogether as the bitcoin price increases greatly, the miners fee will be valuable too, and mining will still be profitable, although block rewards would have stopped, but adoption will be huge leading to huge volumes of transactions per day as against what we currently have now.
..many possible scenarios that could happen when Bitcoins were already mine..and let us ready ourselves on the effect of it when it happens..but as of now,let us just enjoy what Bitcoin really gives us..don't worry for the future for it will give you confusion and negative thought..what matters most is that Bitcoin really gives us a big help in achieving what we hope for..just continue supporting and believing bitcoin so that it will surpass all its stumblingblocks in its following journies..
This kind of topic discussed many times but again I can answer it very well. When all bitcoin supply already mined the value of it will increase because people will need it. In short, the demand for bitcoin will increase along with the value of it though it will be very impossible right now because bitcoin has a lot of supply.
Whats stopping altcoins from taking a larger share of the crypto market? If miners deem the btc rewards to be too low they will switch to other coins and leave btc vulnerable. Altcoins can serve the same functions as bitcoin but have lower fees and do a better job of scaling.
There is many possibilities scenario that will happen to bitcoin if all bitcoin is completely mined but the fact is that still prediction only, and we don't know what will happen in the future. Maybe we are being died, and we cannot see what will happen to bitcoin. I don't think too far, but I think that the bitcoin price can increase so high and bitcoin could be used for one currency for all countries.
Let's say "let's cross the bridge when we get there". Very difficult to see what will happen, maybe the price will go to $1 million or go to 0. We even have difficulty predicting what's going to happen in the next year or so, what's more 10-20 years from now?
Yes it is a long way to go, we do not even know if we can see the time when all bitcoin are mined. We also do not know whether all bitcoin can be mined or not as there might be a chance that bitcoin is not even being used anymore before all are mined. Anything may happen in technology, who knows the future? No one obviously.
Yes it will be on 2140 by that time and I will be dead when that year comes, so I must say it would not be my problem anymore if all bitcoins will be mined. But just to explain it you further what will gonna happen. This explains it.
"Originally, 50 bitcoins were earned as a reward for mining a block. Then it dropped 25 bitcoins, and then to 12.5 bitcoins. In 2020, it'll drop to 6.25 bitcoins. So if we do the math, if there is a having event every four years, the last Bitcoin should be mined sometime in the year 2140."
Read more here
to clear your mind.
I've been thinking of some possible scenarios that will happen when all Bitcoin is completely mined and miners will be depending on transaction fees of Bitcoin. I think that the price of Bitcoin will start to soar at that time without any manipulations because the demand will start to get high because miners will surely not sell their mined Bitcoin's at a lower price. At that time the circulating supply and total supply of Bitcoin is completed and there will be no more Bitcoin's created or produced. In my own point of view, this is some kind of another bullish event if we reached this point of time(when all BTC are mined).
What do you think?
Too early to predict the consequences because we still have 100 more years to mine the last bitcoin depend on the difficulty level of blocks,yes at the time miners only depends on the transaction fee but it won't be high interms of satoshi because the value of bitcoin will be too high from now if bitcoin still being used at the time. What do you think?
This kind of topic discussed many times but again I can answer it very well. When all bitcoin supply already mined the value of it will increase because people will need it. In short, the demand for bitcoin will increase along with the value of it though it will be very impossible right now because bitcoin has a lot of supply.
It might happen in dreams but not in reality 
If all Bitcoin get mined then miners will be completely dependent on the transaction fees and price drop very low or rise very high but all this is only kiddish imagination. 
If all Bitcoin get mined then miners will be completely dependent on the transaction fees and price drop very low or rise very high but all this is only kiddish imagination. What do you mean by that?
Did you really think that it will not happen that you can say that it will only happen or take place in a dream? No, it will happen, and no matter what you want to happen, it will still lead there. Bitcoin has a total supply and still millions are still not mined. But it is true that if that happens, miners will really depend on the transactions.
It might happen in dreams but not in reality If all Bitcoin get mined then miners will be completely dependent on the transaction fees and price drop very low or rise very high but all this is only kiddish imagination.
If all Bitcoin get mined then miners will be completely dependent on the transaction fees and price drop very low or rise very high but all this is only kiddish imagination.
I think the end of mining is a problem in itself.
And when all are dug out, the price has nothing to do with the other.
Price is taken from the market
Independent of mode
And when all are dug out, the price has nothing to do with the other.
Price is taken from the market
Independent of mode
Considering I, my children, and possibly my children's children will be dead before the last BTC is mined, I for one find it pointless to be speculating about it... 
While it is true that the subsidy won't go to 0 for another 120 years, the effects of the halvings (if any) will show up much sooner.
- The subsidy will drop below 1 BTC per block in 14 years.
- Miners will start earning fractions of the final bitcoin in about 80 years.
Considering I, my children, and possibly my children's children will be dead before the last BTC is mined, I for one find it pointless to be speculating about it...
I just wanted to write something the same, but I did not wish to share sad thoughts with anybody here. As it has already happened, I will support you. People are egoists. They care about the current situation and about themselves only.
Nothing can be foreseen about the value of the wallet that no one can know in advance. Think by the present and pray for the good for the future, Bitcoin will be of high value if many people are known and the use, otherwise it can go in the opposite direction.
Considering I, my children, and possibly my children's children will be dead before the last BTC is mined, I for one find it pointless to be speculating about it...
well, you are correct about the point that it is not useful for us to speculate about it right now. though the question really matters. the answer for the question.
In order for Bitcoin transaction fees to become lucrative enough to encourage mining, Bitcoin’s value is going to have to rise substantially. Luckily, certain traits are built right in to Bitcoin to ensure just that.
People were mining when Bitcoins were worth $1. A lucrative block reward is not necessary.
Times change bro. I don't think there would be anyone who's willing to mine btc at sub 100 usd. If that's the case then miners would most likely shift to mining eth or other alts that definitely would be more profitable than mining bitcoin. Profit expectations were raised way up after 2017.
In order for Bitcoin transaction fees to become lucrative enough to encourage mining, Bitcoin’s value is going to have to rise substantially. Luckily, certain traits are built right in to Bitcoin to ensure just that.
People were mining when Bitcoins were worth $1. A lucrative block reward is not necessary.
Let's say "let's cross the bridge when we get there". Very difficult to see what will happen, maybe the price will go to $1 million or go to 0. We even have difficulty predicting what's going to happen in the next year or so, what's more 10-20 years from now?
Of course that will happen, maybe the price will skyrocket very high. we know that when oil, gold, and other valuable things that have been mined will have a very high value and price, because it is increasingly scarce, not comparable to the existing demand
In order for Bitcoin transaction fees to become lucrative enough to encourage mining, Bitcoin’s value is going to have to rise substantially. Luckily, certain traits are built right in to Bitcoin to ensure just that.
Every other fiat currency has an essentially unlimited supply, and governments love to increase their money supplies at will. The problem with increasing the money supply, however, is that the value of the individual currency unit, such as the dollar, decreases.
Every other fiat currency has an essentially unlimited supply, and governments love to increase their money supplies at will. The problem with increasing the money supply, however, is that the value of the individual currency unit, such as the dollar, decreases.
..I think only two things can possibly happen,it is either Bitcoin will going to have its peak and stable price or it will going to have no value at all..no value in such a way that no one will not going to patronize Bitcoin anymore for it is already mined and everyone will starting to dump and sell their Bitcoin holdings..contrary to that,when Bitcoin were already mined and it come to time that it will reach its peak and stable price,mass adoptation of Bitcoin will follow which will result to Bitcoin's first digital crypto currency that is use in many online and offline transactions like buying candies in the store,paying bills,etc..
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