It's like asking if all resources are already used. Well in that scenario we try to sustain whats left.
Same case would be done if we reach a point where its possible that all the Bitcoin would be mined.
Changes in the Bitcoin protocols could be done to limit the mining rate or maybe the limit cap could be extended under special conditions.
Take note that if the limit cap is extended the value of bitcoin will decrease.
Topic: Possible scenario when all Bitcoin is completely mined. - page 2. (Read 629 times)
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... 
Another thing is that it may be too far-fetched to think that Bitcoin may survive for that long. It has survived for 10 years.. and it may survive for another 10-15 years. But in due course of time, Bitcoin will be eventually replaced by a better technology. I don't think that Bitcoin will survive until 2140, when Bitcoin mining is supposed to stop.
The 21 million limit may not actually happen if enough people decide it isn't the right way to go. If we get network consensus the inflation rate can be changed. I do remain skeptical that network fees will be enough incentive for miners to continue.
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?
What do you think?
According to today's computing power, it is estimated that the last BTC will be mined in 2140. which is 121 years from now.
I too thought about this question many times. Let's leave that question for generation of 2140, just enjoy the reward of BTC through mining.
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?
I agree with the scenario you gave, and I believe this is the only scenario that can happen when Bitcoin reaches 21 million. When this happens, there will be investors who will start holding Bitcoin and buying, then the price of Bitcoin will increase as much as the experts had previously predicted. What do you think?
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?
What do you think?
Since this will be in 2140 or so, it will be a completely different world. Perhaps bitcoin will no longer be the top crypto by then, or perhaps it will be forked with actual consensus. The world will be far more advanced than today, so I assume the civilization will make a much more informed decision than our elites make today about such matters. I assume bitcoin will be forked or will be overtaken by then, but this is just speculation.
Thanks to the frequent halvings we'll not be alive when this will gonna happen.
Nobody knows what will happen then, but we shouldn't care too much anyway:)
Nobody knows what will happen then, but we shouldn't care too much anyway:)
anyway we shouldn't care doesn't sound ok actually =) but that's the life
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, speculation can take you a long way... 
It is a subject that has been debated many times and the fact is that things change so fast, especially around crypto, that when we reach next century who knows what the main cryptos will be, who knows if BTC will still be used... just look at 100 years back and look at tech evolution (and this is without crypto)...
anyway, some coins are now reaching that point... I think it is the point where one of the major differences to fiat will arise... and it will work or not... your scenarios of higher demand and less offer depend on one thing: useability... without it the coin will dissapear.
fiat system has survived only due to the possibility of endless money printing ... it will be a true test for crypto
It is a subject that has been debated many times and the fact is that things change so fast, especially around crypto, that when we reach next century who knows what the main cryptos will be, who knows if BTC will still be used... just look at 100 years back and look at tech evolution (and this is without crypto)...
anyway, some coins are now reaching that point... I think it is the point where one of the major differences to fiat will arise... and it will work or not... your scenarios of higher demand and less offer depend on one thing: useability... without it the coin will dissapear.
fiat system has survived only due to the possibility of endless money printing ... it will be a true test for crypto
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?
All remaining bitcoin cannot be mined for even 100 years so what you are asking is beyond our concerns because for sure we will die first before thenWhat do you think?
And even if time comes all bitcoin will be on hands of miners there are already option for us because thats why alternative cryptocurrency was created to backed up
For me the possible scenario would be the price would be more stable and would be really expensive.
The miners would only get profit from the transaction fee's and the cost for each transaction would surely be high .
The miners would only get profit from the transaction fee's and the cost for each transaction would surely be high .
2 things can happen if all bitcoins is completely mined,it is this two situation first is bitcoins price will began to stabalize and go higher in a slower phase since whales can hoard them and manipulate price,second is if the whales do hoard and eventually and totally manipulates the market which will more likely be a cause of death for bitcoin
To my opinion when all bitcoins are mined the market will change. Demand will rise and so the price. Maybe not at the very beginning but with time that is for sure.
My view is almost the same as yours, when bitcoin is not mined and supply has run out, the demand for the market will be higher while the supply is low and this will increase the price of bitcoin significantly. So from now on, I will buy to invest before that time arrives
I have thought that possibility also and think of the end result, if Bitcoin is completely mine. In my conclusion as ours, there will be a very high demand for the said Bitcoin and will not be obtainable by lower class individuals. Better still, this is the right time to secure some fraction of Bitcoin for the future.
My view is almost the same as yours, when bitcoin is not mined and supply has run out, the demand for the market will be higher while the supply is low and this will increase the price of bitcoin significantly. So from now on, I will buy to invest before that time arrives
Nice we have the same point of view. But I don't think that we will be still alive when the time that all the Bitcoin's are completely mined because it will be around the year 2140 and I assume that everyone in this forum today will be dead at that time and our great-grandchildren will witness that day when all the Bitcoins are mined. I think I will leave this problem to the people who will be alive when this happens. It will happen in almost a century from now, and I do not think I will be alive by then. If this will scenario will put bitcoin in bullish, or bearish or dead, I am sure bitcoiners of that time will be able to handle it.
Yeah, no one in this forum will be alive at that time to see that awesome event of Bitcoin and it will surely be a big history in the crypto world at that time.
The bitcoin system is desine that it will play a very two important role that is the investment role or the currency role because there will never a time where the total bitcoin will be minded because it an inflationary tool.
the most likely option is to increase the total supply by a small amount through a hard fork.
no it's not, that's the least likely option
Mining will go on until 2140 (i.e if there are no hard forks). But I am not sure about the second part. In case Bitcoin survives for another 125 years, then the users will make sure that the mining remains profitable. It can be done through several ways. But the most likely option is to increase the total supply by a small amount through a hard fork.
I never thought about if bitcoin was completely mining because that will be too long to see what will happen and I don't know if we could still see that things happen or not. There will too many predictions or speculating or opinion from people, and we don't know which one will be true. But the scenario is bitcoin price will increase higher because the supply will be less than the demand.
My view is almost the same as yours, when bitcoin is not mined and supply has run out, the demand for the market will be higher while the supply is low and this will increase the price of bitcoin significantly. So from now on, I will buy to invest before that time arrives
Well said, the market is completely on the demand to the supply availability. When the mining has run out the mined coins will be there into circulation, but continued adoption will keep them prioritized in getting bitcoin. This will surely create an increase in demand for the limited number of bitcoins in the market circulation. Jump to: