Topic: Possible scenario when all Bitcoin is completely mined. - page 4. (Read 629 times)
That's just one of those things that can happen when there is no bitcoin to mine, the price will no doubt increase But we should focus on it as well, is it possible for investors to enjoy it? I mean If the price is so High how will it be for new Investor to invest on Uncertain Investment, The Up and Down price on the market let alone the bearish market today, Hopefully, our Dream will come true and it will grow and will not fall when there is no Bitcoin to mine.
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?
dont mind it because when the time that all bitcoin mined we are no longer existing, but that is true if the demand raise over the years the price might go to bullish one because the supply are too small to supply the demand that is why the price will go to the moon, the sad thing with it we were no longer experience it soon.
OP, I believe the "drama" will start after two halvings. There will be some "influencial" people from the community who will start a "campaign" for a hard fork to change the reward schedule, but without inflating the supply.
I will say it now, "I told you so".
I will say it now, "I told you so".
...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. ...
I disagree with your reasoning:
1. "demand will ... get high because miners will ... not sell"
That's a common misconception. Lack of supply does not create demand.
2. "miners will surely not sell their mined Bitcoin's at a lower price."
That's wishful thinking. People sell at a loss all the time. There is no reason to believe that miners won't. Miners must sell bitcoins to pay bills. They can't simply hold if they are losing money.
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.
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?
we can barely predict what is going to happen in a year or 10 years from now. you are asking us to predict what will happen after about 90 years! that is simply impossible. not to mention that this topic has been discussed before many many times. example of the most recent duplicate topic: https://bitcointalksearch.org/topic/how-will-bitcoin-survive-after-all-21m-coins-have-been-mined-5128657
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?
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