Topic: Value of Bitcoin after 21 mil. (Read 379 times)
Theoretically, by the time all 21m coins were mined by 2140, bitcoin is the most widely used and adopted currency in the world and by then, due to the demand being insanely high, price per bitcoin would also be insanely high. Transaction fees would be sufficient as an incentive for the miners to run their rigs and support the network and keep it going still.
After all the 21 mil. Btc will be extracted, how do you think the value will change ?
When the total supply will be in the circulation already I don't know on how big the value of bitcoin will be. But I don't think we need to have those total of 21 Million in circulation look on how many supplies already are there in the ecosystem and the price is very expensive for now. There will be some other bitcoin upgraded that will be supported after 100 years before all coins will be mined. I would expect that the price will increase at a greater rate once the supply is finally completed fixed, purely from a simply economic perspective once supply cannot increase further then any demand increases will always lead to increased price.
Bitcoin would definitely very expensive value after 21MIL. Thinking of 21mil is very long years and actually we couldnt tell the exact price by then. I agree with you by that time, bitcoin will leads to increase the price. After all the 21 mil. Btc will be extracted, how do you think the value will change ?
It makes me laugh to think that you bothered to think about the price of it at 21 mil when in fact you aren't alive on that day ever. For me i don't really know the price since it's a century away in the future of what you have been asking for. After all the 21 mil. Btc will be extracted, how do you think the value will change ?
It will be over a hundred years before the last Bitcoin is mined. Things will be a lot different then interns of the economy, money, and technology and we won’t be around. I think a more realistic thing to predict is where Bitcoin and cryptocurrencies will be in the next 25 years or so. I think By then each Bitcoin will be in the six figures and will be a mainstream store of value. People are predicting the price per Bitcoin to $500,000 to $1 million in several years, but we will just have to see if that is possible.
After all the 21 mil. Btc will be extracted, how do you think the value will change ?
Almost 80% of the supply is already mined. I think that speculators/investors are already pricing in the future lack of new mining supply. So, the effects on price between the year 2139 and 2140 (when the supply will be completely mined) will be minimal.
This isn't like gold or silver where future supply might be unknown. We can look at the code and know that there is less than 25% of new supply up for grabs -- for all of eternity. That's it. Investors have all the information they need today. No need to wait until the year 2140 to act on it!
I would expect that the price will increase at a greater rate once the supply is finally completed fixed, purely from a simply economic perspective once supply cannot increase further then any demand increases will always lead to increased price.
After all the 21 mil. Btc will be extracted, how do you think the value will change ?
We don't need to hit exactly 21 million coins to start seeing effects of shrinking supply, one of the reason why Bitcoin's price is growing is because we had a halving last year. And there are a few more big havlings left until we'll hit 98-99% of total supply, which means there still a lot of space for price increase for this supply shrinking effect. But as Bitcoin's supply will be approaching it's limit, demand will turn into the main force behind Bitcoin's price. Also, Bitcoin's supply could be viewed as negative, because from time to time people will be losing their private keys, thus leading to a permanent removal of corresponding coins from economy, but this effect would only be noticeable in a very long run.
After all the 21 mil. Btc will be extracted, how do you think the value will change ?
you have a good question but we dont know what will happen in the few years.but for me bitcoin will be more expensive in the future
There is a long time until then, so I wouldn't worry about that. There probably wouldn't be a thing called bitcoin by the time all of it could be mined.
When all the bitcoins will be mined which will happen in the year 2140, they will only get rewards and it is possible that the price of bitcoins would rise up to a sky level and new bitcoin miners would not be any profitable.
Probably we will be all dead, because the 21 million of bitcoin expects to be mined in year of 2140, so don't worry about it.
But if it happens early or not, the price will increase because its a supply and demand thing, if there are 1 bilion of people wanting to buy 1 bitcoin and there are only 21 milion supply, the price will be ultra high.
But if it happens early or not, the price will increase because its a supply and demand thing, if there are 1 bilion of people wanting to buy 1 bitcoin and there are only 21 milion supply, the price will be ultra high.
Bitcoin won't reach 21 million because of quantum computing and it's ability to have the correct and incorrect answer at the same time, using a grover operator it can flush the incorrect almost instantly and break the encryption. Qbits will be the end of all the current crypto's on the market.
You will need a quantum based algo that changes upon observation to defeat the grover operator. The only way it can't be right and wrong at the same time is if it changes when observed, then the grover won't be able to parse since the code has completely changed.
The day someone write a multi-morphic quantum-cryptocurrency will be exciting.
You will need a quantum based algo that changes upon observation to defeat the grover operator. The only way it can't be right and wrong at the same time is if it changes when observed, then the grover won't be able to parse since the code has completely changed.
The day someone write a multi-morphic quantum-cryptocurrency will be exciting.
When all 21 million bitcoin will be mined price of bitcoin can be either at over $1 million per coin or less than $100. Bitcoin price isn't stable and support for bitcoin will only remain there till it will be secure enough to remain safe against all forms of attacks it is getting everyday constantly.
I think there is special task force in most of the developed countries who are trying to shut down whole bitcoin network or atleast find out every bitcoin address - private key pair that exist.
I think there is special task force in most of the developed countries who are trying to shut down whole bitcoin network or atleast find out every bitcoin address - private key pair that exist.
I think that the e-money success depends on how many people is using it .and. how easily you can exchange / spend the currency.
The risk for Btc, having a limit in numbers, is that it would not resist, unless ATM and POS system can operates with Btc, or equivalent/alternative system.
2) I would be surprised if the bank system and the very rich people were not working in developing a similar money-concept and in the system how to block it, just in case the first won't work.
what you mean by 21 mil.
Generally Bitcoin depend on Simple law of demand and supply + some good /bad news may effect
Generally Bitcoin depend on Simple law of demand and supply + some good /bad news may effect
Bitcoin has a limit of 21 million coins in circulation. Although this limit will not be reached for another 100 years at current mining rates, it's an exponential curve, meaning we have already mined over 80% of those 21 million.
When all 21 million bitcoin will be mined price of bitcoin can be either at over $1 million per coin or less than $100. Bitcoin price isn't stable and support for bitcoin will only remain there till it will be secure enough to remain safe against all forms of attacks it is getting everyday constantly.
I think there is special task force in most of the developed countries who are trying to shut down whole bitcoin network or atleast find out every bitcoin address - private key pair that exist.
I think there is special task force in most of the developed countries who are trying to shut down whole bitcoin network or atleast find out every bitcoin address - private key pair that exist.
what you mean by 21 mil.
Generally Bitcoin depend on Simple law of demand and supply + some good /bad news may effect
Generally Bitcoin depend on Simple law of demand and supply + some good /bad news may effect
It's simple supply and demand. If demand for bitcoin continues to grow, while the supply is limited, price will increase.
After all the 21 mil. Btc will be extracted, how do you think the value will change ?
Jump to: