Topic: What happens when all the Bitcoin is mined? (Read 188 times)
I think when everyone starts to get bitcoin, then there is a sharp increase in it and it becomes easier for some to choose the same known currency as the air.
It is impossible to mined all the bitcoin because every one is not interested in the mine strategy and people like me use bitcoin for transactions like the online funds transfer and the online payments and those who have some other sources of income then they love to hold bitcoin and they want to see their bitcoin wealth daily they are very curious about the bitcoin price.
What happens when all the Bitcoin is mined? Will the demand for bitcoins decline then and people will shift to new coin ?
I personally think that people will be turning to another type of coin well before all the Bitcoin are dug.
But anyway, once everything is dug up, the demand will drop - yes.
Miners are an important part of Bitcoin evosystem and it is up to them to deliver the goods, if all Bitcoin is mined, Bitcoin's supply is limited to 21,000,000 coins.
That's why we save them with transaction fees and their access to Bitcoin.
Then the Bitcoin price increases as more and more demand comes in, over time.
That's why we save them with transaction fees and their access to Bitcoin.
Then the Bitcoin price increases as more and more demand comes in, over time.
Once 21 million Bitcoins have been created, no more Bitcoins will ever be created. This, however, doesn’t mean that the Bitcoin world will come crashing down. Since besides awards for hashing, the Bitcoin protocol also provides transaction fees. Currently, these fees amount to only a small amount in comparison to the block reward of 12.5 Bitcoins; however, as Bitcoin rewards go down, the fees will likely increase.
What happens when all the Bitcoin is mined? Will the demand for bitcoins decline then and people will shift to new coin ?
This question has been asked too many far times and i think this is just absurd considering how developers have also been craning their bodies to continue to accommodate the hunger for bitcoin. Miners are an essential part of our nitcoin evosystem and it is up to them to deliver the goods. That’s why we maintain them with transaction fees and their access to bitcoin
What happens when all the Bitcoin is mined? Will the demand for bitcoins decline then and people will shift to new coin ?
You have to remember, only new coins are generated from "Block rewards" via mining. Coins are still being added from people selling their coins. The Block reward will not expire in our life time, but it will be reduced
The supply will never go dry, because everyone has their selling price. The higher the demand and the lower the supply, will increase the price.
If all bitcoin mined, bitcoin supply will be limited to 21,000,000 coins only.
Then the bitcoin price is increasing with more demands comes, from time to time.
Then the bitcoin price is increasing with more demands comes, from time to time.
Transaction fees will rise to a point where it'll have to pay for mining operations.
Either fees will be enough to cover power costs, or there will be fewer miners. However, this is still decades away.
Either fees will be enough to cover power costs, or there will be fewer miners. However, this is still decades away.
What happens when all the Bitcoin is mined? Will the demand for bitcoins decline then and people will shift to new coin ?
Miners also receive transfer fees. 
http://lmgtfy.com/?q=what+happens+when+all+the+bitcoin+is+mined
To say that this question has been asked a million times is an understatement (apparently by a factor of 5).
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To say that this question has been asked a million times is an understatement (apparently by a factor of 5).
What happens when all the Bitcoin is mined? Will the demand for bitcoins decline then and people will shift to new coin ?
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