Topic: what happens when all bitcoins are mined ? (Read 4276 times)
if all bitcoin can be mined, I think all of bitcoin will be distributed to everyone, especially people who mine bitcoin, bitcoin mining everybody can, of course with no small amount of capital, but it is all just conjecture, we do not know what happens next, hopefully that bitcoin there can now be properly distributed so that everyone can enjoy bitcoin ...
I have my doubts that bitcoin will be the end all coin. Some other coin will take its place as top dog and that coin prob exists today. As long as it's not some BS like Ripple I'll be happy.
However is Bitcoin is the top dog years and years from now and mining ends if bitcoin is to survive it will be mined for the tx fees which hopefully at that time will be worth more then the last block reward before the end. Mining itself will only stop if bitcoin dies. There will always be people mining the TX fees.
However is Bitcoin is the top dog years and years from now and mining ends if bitcoin is to survive it will be mined for the tx fees which hopefully at that time will be worth more then the last block reward before the end. Mining itself will only stop if bitcoin dies. There will always be people mining the TX fees.
It is a long way to go. You might see other coins with more advanced technology before that.
When all bitcoins get mined, miners will keep working in the transactions. They will win with the fees. 
None of us will live to see what happens when all the bitcoins are mined.
We will be around for a new all time low that's for sure... Hopefully the round will blast us far away from this zone!!
How do you define all time low for something which started at ~ 0 USD?
When all bitcoins get mined, miners will keep working in the transactions. They will win with the fees.
None of us will live to see what happens when all the bitcoins are mined.
We will be around for a new all time low that's for sure... Hopefully the round will blast us far away from this zone!!
When all bitcoins get mined, miners will keep working in the transactions. They will win with the fees.
None of us will live to see what happens when all the bitcoins are mined.
When all bitcoins get mined, miners will keep working in the transactions. They will win with the fees.
I think it is because too much miners productivity caused too much supply and price is keep moving down with long downtrend in weekly chart and monthly chart as well.
Long isn't the word when you talk about this downtrend... It has been going on all year & look its it will continue much much longer than that
I think it is because too much miners productivity caused too much supply and price is keep moving down with long downtrend in weekly chart and monthly chart as well.
if all the blocks in the bitcoin mining by miners, the bitcoin price will be higher, this is caused by eating less and less goods market will be more expensive goods, whereas if bitcoin more and more in the market, then it will be more expensive the price of bitcoin, bitcoin prices also depending on the number of people who use bitcoin as a means of transaction ...
Exactly!!! Thanks for confirming not everyone here is a permabull scammer... The people interested in Bitcoin are already in it! Holding their coins! There is no new money coming in and miners are producing $1.8m in bitcoin PER DAY EVERY DAY, It will never stop or slow down. When do you see that much money coming into BTC daily??? Probably around when the last bitcoin is set to be mined & right before all the miners shut off their machines since mining no longer has a reward for them why would they run these machines & pay electricity just to keep the network running???
I think everyone will cash out long before the last bitcoin is mined anyway.
if the price goes down, people tend to buy more coz its cheap and if its cheap the average person can afford it. In my opinion it is better if its cheap its more user friendly
Yes because I have to buy whole bitcoins don't I? Quick short gold because I have to buy it in whole ingots.
You do not have to buy whole bitcoin. You can buy 0.1, 0.001 bitcoin.
Serious guy, eh? The sarcasm flew over your head?
Do you mean I should not answer that "whole bitcoin" quenstion?
Yes because I have to buy whole bitcoins don't I? Quick short gold because I have to buy it in whole ingots.
You do not have to buy whole bitcoin. You can buy 0.1, 0.001 bitcoin.
Serious guy, eh? The sarcasm flew over your head?
Yes because I have to buy whole bitcoins don't I? Quick short gold because I have to buy it in whole ingots.
You do not have to buy whole bitcoin. You can buy 0.1, 0.001 bitcoin.
Exactly!!! Thanks for confirming not everyone here is a permabull scammer... The people interested in Bitcoin are already in it! Holding their coins! There is no new money coming in and miners are producing $1.8m in bitcoin PER DAY EVERY DAY, It will never stop or slow down. When do you see that much money coming into BTC daily??? Probably around when the last bitcoin is set to be mined & right before all the miners shut off their machines since mining no longer has a reward for them why would they run these machines & pay electricity just to keep the network running???
I think everyone will cash out long before the last bitcoin is mined anyway.
if the price goes down, people tend to buy more coz its cheap and if its cheap the average person can afford it. In my opinion it is better if its cheap its more user friendly
Yes because I have to buy whole bitcoins don't I? Quick short gold because I have to buy it in whole ingots.
Exactly!!! Thanks for confirming not everyone here is a permabull scammer... The people interested in Bitcoin are already in it! Holding their coins! There is no new money coming in and miners are producing $1.8m in bitcoin PER DAY EVERY DAY, It will never stop or slow down. When do you see that much money coming into BTC daily??? Probably around when the last bitcoin is set to be mined & right before all the miners shut off their machines since mining no longer has a reward for them why would they run these machines & pay electricity just to keep the network running???
I think everyone will cash out long before the last bitcoin is mined anyway.
if the price goes down, people tend to buy more coz its cheap and if its cheap the average person can afford it. In my opinion it is better if its cheap its more user friendly
That's why this thing is going down to forex levels again... This is a longterm downtrend
Exactly!!! Thanks for confirming not everyone here is a permabull scammer... The people interested in Bitcoin are already in it! Holding their coins! There is no new money coming in and miners are producing $1.8m in bitcoin PER DAY EVERY DAY, It will never stop or slow down. When do you see that much money coming into BTC daily??? Probably around when the last bitcoin is set to be mined & right before all the miners shut off their machines since mining no longer has a reward for them why would they run these machines & pay electricity just to keep the network running???
I think everyone will cash out long before the last bitcoin is mined anyway.
if the price goes down, people tend to buy more coz its cheap and if its cheap the average person can afford it. In my opinion it is better if its cheap its more user friendly
looking forward to 2017 to see what happens, i remember the halving that occurred in 2013.
halving is scheduled for 2016 actually, the price will rise for sure
You mean it will stop falling at a lesser rate. The mining each day is generating new coins which is putting selling pressure. It will not magically rise when the new coins is reduced.
Its priced by the market well ahead so it will not have much effect.
if the block halve and the demand stay the same as today(i doubt it, in the sense that the demand will increase) the price can only go up, and the problem aren't the miners(their dumping is "fixed"), the problem are the buyers
The sellers are outnumbering buyers now. The daily inflation means there is need of new cash everyday just to hold still.
The downward pressure will reduce when it halves, but it will still remain.
Exactly!!! Thanks for confirming not everyone here is a permabull scammer... The people interested in Bitcoin are already in it! Holding their coins! There is no new money coming in and miners are producing $1.8m in bitcoin PER DAY EVERY DAY, It will never stop or slow down. When do you see that much money coming into BTC daily??? Probably around when the last bitcoin is set to be mined & right before all the miners shut off their machines since mining no longer has a reward for them why would they run these machines & pay electricity just to keep the network running???
I think everyone will cash out long before the last bitcoin is mined anyway.
looking forward to 2017 to see what happens, i remember the halving that occurred in 2013.
halving is scheduled for 2016 actually, the price will rise for sure
You mean it will stop falling at a lesser rate. The mining each day is generating new coins which is putting selling pressure. It will not magically rise when the new coins is reduced.
Its priced by the market well ahead so it will not have much effect.
if the block halve and the demand stay the same as today(i doubt it, in the sense that the demand will increase) the price can only go up, and the problem aren't the miners(their dumping is "fixed"), the problem are the buyers
The sellers are outnumbering buyers now. The daily inflation means there is need of new cash everyday just to hold still.
The downward pressure will reduce when it halves, but it will still remain.
We'll all be dead when that happens, who cares. Anticipating future problems and thinking ahead is dumb. It's better to just do things blindly without thinking about the consequences.
Legit, but how do I get rich NOW then?You won't get rich now or later! Bitcoin is not a get rich quick scheme, sorry
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