Topic: What do you think will happen to the price when all the bitcoins are mined? - page 2. (Read 758 times)
November 09, 2021, 02:56:05 AM
Because the number of bitcoins is limited, when all bitcoins are mined, all miners will face unemployment (may continue to mine other cryptocurrencies), because the value of bitcoins will get higher and higher. People will not sell bitcoins after only bitcoins, and wait for the value of bitcoins to gradually rise. Bitcoin's transaction volume will decline. Many whales will not profit by selling bitcoins to buy bitcoins, and the return of bitcoin's volatility is gradually decreasing.
November 09, 2021, 02:47:11 AM
It is worth evaluating more realistically - when is such a situation possible?
What makes the current price unrealistic anyway? People spend fiat to buy bitcoin and they speculating on the price which is raising the fiat value of bitcoin. Similarly every other asset in this world is prone to speculative price rise.Quote
And wouldn't it be interesting to come up with something to solve this situation?
You can solve when you have a problem. Mining of all bitcoins is not a problem. It is the way it is intended to be. Unless you can find out another problem in the system you dont have to solve anything.The fact that the supply of bitcoin is deflationary is a boon. Inflation exists in fiat currencies and that is why your fiat gets devalued with time. The opposite is true for bitcoin - make the early adopters of bitcoin the billionaires.
November 08, 2021, 04:20:58 PM
The miner can stop mining Bitcoin if they won't get much profit like halving rewards.
I don't know, maybe the developer team will make a new pathway for the miner by which they will get benefited and continue mining. or it can happen total supply may be increased, only time will tell. But the reassuring thing is that this is not going to happen very soon, it's too early for such a discussion.
No, miners will earn similar to what they are doing right now because they will be getting massive profits from transaction fees itself. So, there will be no need for them to be leaving off their operation of bitcoin mining; they will happily continue forever their mining process and this is how bitcoin network and mining system was designed.I don't know, maybe the developer team will make a new pathway for the miner by which they will get benefited and continue mining. or it can happen total supply may be increased, only time will tell. But the reassuring thing is that this is not going to happen very soon, it's too early for such a discussion.
There will be no changes are needed hence we cannot expect developing team will be bringing up something new. Because, the basic economics of bitcoin is decided and if any changes into that, will make investors and miners disappointed.
November 08, 2021, 04:14:43 PM
The maximum number of bitcoins that can be issued is fixed.
Eighty percent of the coins have already been mined.
What do you think will happen to the price after all the bitcoins have been mined?
Eighty percent of the coins have already been mined.
What do you think will happen to the price after all the bitcoins have been mined?
The miner can stop mining Bitcoin if they won't get much profit like halving rewards.
I don't know, maybe the developer team will make a new pathway for the miner by which they will get benefited and continue mining. or it can happen total supply may be increased, only time will tell. But the reassuring thing is that this is not going to happen very soon, it's too early for such a discussion.
November 08, 2021, 06:57:58 AM
when all bitcoins are mined i think the price will go up and more people will search but to have 1-10 bitcoins it will be difficult so those who have more than 10 it must be the richest person from owning bitcoins
but the increase will occur if bitcoin gets good news and vice versa if bitcoin continues to be reported badly there are 2 possibilities with the bitcoin price continuing to fall until it has no value or is stuck and difficult to rise
That's right, I agree with your opinion. after the supply of bitcoins is all out, we can only estimate with the news that appears whether it can push the price higher or will make bitcoin fall. but I am optimistic if the price of bitcoin continues to rise even though it has been mined. but the increase will occur if bitcoin gets good news and vice versa if bitcoin continues to be reported badly there are 2 possibilities with the bitcoin price continuing to fall until it has no value or is stuck and difficult to rise
November 08, 2021, 06:49:18 AM
Nothing really, I mean the supply is fixed so we can't expect the price to go down, it's more likely that the price will go up because there's nothing left to be mined and with more people adapting bitcoin, we will probably see more people adapting as time goes by so I don't think that we won't worry about anything besides, what can go wrong hodling bitcoin?
of course there is mate because when all the bitcoin is mined surely the demand will increase and the value as well will increase .we knew how Bitcoin is dealing with the crypto market and there are smaller Bitcoin volume in circulation as there are many that has been loss in the air.
so this indicates that the totality of Bitcoin is not that 21 million to be expected.
November 08, 2021, 06:08:58 AM
It is a far future untill all Bitcoin will be mined. You can check the following resources and be more knowledgeable and I believe you will be able to answer your question.
In the first one, pay your attention on Lindy effect that gold has after century of existence and used in human society. Bitcoin is much younger but because of Lindy effect, it is safer when you invest in now than 6 or 10 years ago. Even now price is about $66,000 and you won't be able to see price about $100.
Check days above price band and Never look back price
After more than 1 decade, Bitcoin now has more Diamond hands and it is good for it. See Follow the smart money article from Glassnode insights.
From [2, 3], you can see the distribution of Bitcoin supply. Additionally, it is estimated that after halving in May 2020, it takes about 48 seconds to mine 1 BTC. However, in 2032, after that halving, it might take 12 mins 48 secs to mine 1 BTC. It means just less 9 more years, miners will have to spend 12 more minutes to mine 1 Bitcoin than now.
In the first one, pay your attention on Lindy effect that gold has after century of existence and used in human society. Bitcoin is much younger but because of Lindy effect, it is safer when you invest in now than 6 or 10 years ago. Even now price is about $66,000 and you won't be able to see price about $100.
Check days above price band and Never look back price
After more than 1 decade, Bitcoin now has more Diamond hands and it is good for it. See Follow the smart money article from Glassnode insights.
From [2, 3], you can see the distribution of Bitcoin supply. Additionally, it is estimated that after halving in May 2020, it takes about 48 seconds to mine 1 BTC. However, in 2032, after that halving, it might take 12 mins 48 secs to mine 1 BTC. It means just less 9 more years, miners will have to spend 12 more minutes to mine 1 Bitcoin than now.
November 08, 2021, 05:56:42 AM
Nothing really, I mean the supply is fixed so we can't expect the price to go down, it's more likely that the price will go up because there's nothing left to be mined and with more people adapting bitcoin, we will probably see more people adapting as time goes by so I don't think that we won't worry about anything besides, what can go wrong hodling bitcoin?
It isn't so much about the supply though, I always thought that was overrated. It matter more what is available to be bought.
Right now, I can't see a difference in availability to me as an individual buyer/seller. There has always been more than enough on orderbooks and I've never seen anything close to "not enough".
5 years ago I could easily buy 0.1 BTC if I tried hard, and now of course than is not not even 0.01 BTC for the same amount of fiat.
But once we're all done buying and latecomers want their share and there's so little left, then price naturally goes up.
November 08, 2021, 04:28:42 AM
From my point of view, nothing will happen to bitcoin's price when all of them are mined because by that time people stop measuring prices of goods in terms of dollars or any other government-issued currency. No one will be talking about investing in bitcoin, making a profit off bitcoin, or another bullshit because bitcoin will be money. Just money, nothing else. Money doesn't have a price but purchasing power. In the future people will think of bitcoin in terms of the amounts of goods and services they can acquire with it. On the market, there will be only exchange rates against bitcoin due to the fact that bitcoin will become the only universal measurement system for expressing value.
November 08, 2021, 03:58:07 AM
The maximum number of bitcoins that can be issued is fixed.
Eighty percent of the coins have already been mined.
What do you think will happen to the price after all the bitcoins have been mined?
What do you think will happen to the price once all the bitcoins are mined, and how do you think bitcoin will affect the global economy?
Eighty percent of the coins have already been mined.
What do you think will happen to the price after all the bitcoins have been mined?
What do you think will happen to the price once all the bitcoins are mined, and how do you think bitcoin will affect the global economy?
Do you know what economy will look like in 2140 ? That's the time when all the bitcoins will be mined. I don't think we need to use our mind on things which won't effect our life's. We won't be alive by the time when bitcoin mining process comes to the end and all the bitcoins are mined.
November 08, 2021, 01:49:06 AM
Of course we will not know what will happen, which is certainly at that time the world is getting older so that we are no longer in this world, and at that time only new players will know the development of the crypto world, and if all bitcoin is already in the mine then the price must be so fantastic that no other coin can match bitcoin, Moreover, bitcoin is one of the very limited coins so that later the economy will also be influenced by the value of bitcoin.
even I don't think we were in this world when this coin was still being mined.they still have at least 100 years to finish and in the mirror of the average human age who dies at the age of 60-80 years I think all of us who are here will not be able to be in this time.
on the other hand when we are gone how will we know what will happen next.
maybe i will think about what 5-10 years will be like instead of thinking about a long time.
November 08, 2021, 01:29:33 AM
Nothing really, I mean the supply is fixed so we can't expect the price to go down, it's more likely that the price will go up because there's nothing left to be mined and with more people adapting bitcoin, we will probably see more people adapting as time goes by so I don't think that we won't worry about anything besides, what can go wrong hodling bitcoin?
November 08, 2021, 01:27:29 AM
when all bitcoins are mined i think the price will go up and more people will search but to have 1-10 bitcoins it will be difficult so those who have more than 10 it must be the richest person from owning bitcoins
but the increase will occur if bitcoin gets good news and vice versa if bitcoin continues to be reported badly there are 2 possibilities with the bitcoin price continuing to fall until it has no value or is stuck and difficult to rise
Indeed. If it happened that all bitcoins are mined, the price of bitcoins will surely be more valuable than before. If that will happen then there's no need for us to hold our coins and surely all of us will gain profit. If all the bitcoins will be mined, it will be more stable that we don't need to worry everything. But, it is very difficult to say it now since the time is very long. If that will happen, I am very sure that digital currency will be better major in the future. but the increase will occur if bitcoin gets good news and vice versa if bitcoin continues to be reported badly there are 2 possibilities with the bitcoin price continuing to fall until it has no value or is stuck and difficult to rise
Just now where Bitcoin mining is still being carried out the price is very expensive and continues to rise. So especially in the future when all Bitcoins
have been successfully mined, then Bitcoin reaches the maximum supply and definitely the price will be much more expensive. Because the demand
for Bitcoin continues to rise, while the available supply is increasingly scarce. That's what makes the price of Bitcoin very expensive. But the price of
Bitcoin will be less volatile and more stable, but the fear is that if the price of Bitcoin is too expensive, many people will look for other alternatives.
Because I believe that someday there will be a replacement for Bitcoin, but I don't know when that will happen.
November 08, 2021, 12:44:50 AM
The crystal ball that can give you future glimpse is just fictional and in reality you can't predict the future and all those are only speculations which could be right or wrong.Same is the case with 2140 when all btc will be mined i.e. 21 million and who knows how many will be in circulation at that time as many coins are lost yearly.The prices will touch high limits at that time and many people will be using it as mode of payment rather than investment source only.The probabilities are many that how it will be used or how much the prices will be but the answers will be delivered at that time only.So enjoy the current time without any worries of future but save btc.
November 07, 2021, 11:29:05 PM
when all bitcoins are mined i think the price will go up and more people will search but to have 1-10 bitcoins it will be difficult so those who have more than 10 it must be the richest person from owning bitcoins
but the increase will occur if bitcoin gets good news and vice versa if bitcoin continues to be reported badly there are 2 possibilities with the bitcoin price continuing to fall until it has no value or is stuck and difficult to rise
Indeed. If it happened that all bitcoins are mined, the price of bitcoins will surely be more valuable than before. If that will happen then there's no need for us to hold our coins and surely all of us will gain profit. If all the bitcoins will be mined, it will be more stable that we don't need to worry everything. But, it is very difficult to say it now since the time is very long. If that will happen, I am very sure that digital currency will be better major in the future. but the increase will occur if bitcoin gets good news and vice versa if bitcoin continues to be reported badly there are 2 possibilities with the bitcoin price continuing to fall until it has no value or is stuck and difficult to rise
November 07, 2021, 10:35:27 PM
I am having a hard time believing that Bitcoin is the be all end all of crypto. Bitcoin was the first, but should also be considered a stepping stone towards a more diversified and decentralized crypto ecosystem. So 100 years from now Bitcoin could very well still be a thing, but not such an important thing as it is now, and when tall gets mined, well, not much will happen. The price might go up a bit because of it being a limited commodity, but nothing more than that.
You shouldn't be worry because we won't be there anymore when that happens, so as long as we're alive let's enjoy the moment while the bitcoin is still in demand and the mined bitcoins are just less than 10% of the overall supply limit.
Yes the price in the future is indeed very high due to the scarcity of bitcoin, but we cannot predict the price as well as we can't next week or tomorrow. And if bitcoin bitcoin has reached its maximum supply then for sure there'll be another crypto who will replace it and be an another crowd people, bitcoin will become a legend and will become another regular commodity like gold and other precious metals.
November 07, 2021, 04:37:53 PM
when all bitcoins are mined i think the price will go up and more people will search but to have 1-10 bitcoins it will be difficult so those who have more than 10 it must be the richest person from owning bitcoins
but the increase will occur if bitcoin gets good news and vice versa if bitcoin continues to be reported badly there are 2 possibilities with the bitcoin price continuing to fall until it has no value or is stuck and difficult to rise
but the increase will occur if bitcoin gets good news and vice versa if bitcoin continues to be reported badly there are 2 possibilities with the bitcoin price continuing to fall until it has no value or is stuck and difficult to rise
November 07, 2021, 02:20:58 AM
It is worth evaluating more realistically - when is such a situation possible? And wouldn't it be interesting to come up with something to solve this situation?
November 07, 2021, 01:42:56 AM
i think the price will like rollycoster, because all coin are on market
All coins are not in market, some are in wallets and a lot are yet to be mined, rest are in market. Price can only be predicted for now to be going upwards and nothing more than that because the supply is deflationary and the population and its needs are every increasing.When all BTC halving predict $200,000.
I take it that you mean 200k would be the price of 1BTC after the next halving? This can be a prediction at the most, not concrete. Halving usually sees a lot of price pump but crossing 100k in a prediction is longshot. I would say that the next target for traders should be 70k now that 60k has been crossed then look at 100k before moving to higher prices. Because the prices on halving are only temporary due to a lot of speculation and they drop within a few days back to an organic range.Halvings dont determine prices - some newbie might think them as "miniature" version of the end of bitcoin mining but this is wrong.
November 03, 2021, 11:07:37 AM
Of course we will not know what will happen, which is certainly at that time the world is getting older so that we are no longer in this world, and at that time only new players will know the development of the crypto world, and if all bitcoin is already in the mine then the price must be so fantastic that no other coin can match bitcoin, Moreover, bitcoin is one of the very limited coins so that later the economy will also be influenced by the value of bitcoin.
Although Bitcoin has a fixed number of coins in circulation and cannot be printed more in the future, that becomes a plus and has future collectible value but with this one simple factor, a recession or a rise in an economy that would rely on bitcoin is not possible when the structure of an economy is built mainly on the areas of strength that the country possesses, Bitcoin has never been a strong flow of a particular country, it's still just a side character to the future economy. However with the whole world's mining frenzy for bitcoin, once mining is no longer possible, frenzied scramble will ensue and push bitcoin's price to memorable prices. Jump to: