Topic: What happens when Bitcoin reaches its Max Supply? (Read 1709 times)
Don't worry mining fees will exist every time. Just remember a few months ago, when BCH and BTC were 'fighting' and miners were hopping from and to the different chains to mine. This caused high fees on the BTC chain, so the miners earned the block reward and serious profit from fees as well. This amount of profit from the fees should be enough for the miners if the block reward ends, so I don't think it's an issue .
Investing is a pretty lucrative project that you can earn amounts the more you invest the more the amount.
The bitcoin structure makes mining difficult in time.That is, as the number of bitcoins decreases, the amount that can be subtracted decreases.
Look mate you are getting it all wrong ab possibly this is the effect people get after reading a lot of r/bitcoin or r/btc subreddits. ...
It is too bad you had to ruin a perfectly good post with slander. That is definitely the effect people get after reading a lot of r/bitcoin or r/btc subreddits.
It's not worth again for mining, even the transaction fee will rise. If the transaction fee is increased to the max people will quit from bitcoin and change to altcoin like bitcoin cash or something, and the miner will quit from bitcoin mining because miner will get ROI longer than usually and the bitcoin price will crash until maybe $100 or $50. In other words it is bitcoin doomsday.
Look mate you are getting it all wrong ab possibly this is the effect people get after reading a lot of r/bitcoin or r/btc subreddits. Bitcoin mining does not work like that. Considering majority of miners stopped mining then the profit of mining will be distributed among those who are still mining and the difficulty will decrease. Also the hashpower which is currently in use by the miners, who would continue in this hypothetical situation would compensate for a large profit.
It is not about bitcoin cash which is a shill-pumped trashcoin made by a liar like Rogver. Bitcoin is here to stay copycats will die.
The rise in value is not one kind of fiat money has not increased by several thousand times in a decade. Online currency Bitcoin rate which is already over 11000 dollars apiece could easily multiply demand and rise in price
It is almost impossible to speculate what is going to happen in the future, after more than 100 years. Bitcoin could disappear or lose its value in the next 10 years and thats why I dont think we have to worry about this right now because all of the actual users on this planet are going to be dead when the circulating supply will reach 21M. So it is absolutely useless to spend our time and energy to find out what is going to happen in the future when we are going to be dead. One thing is for sure if bitcoin is going to survive ,the price is going up every year because it is harder and harder to mine new bitcoins so until all the supply will be mined the price will go up a lot.
This, perhaps, is one of the questions that interests many users of bitcoins. There is no unambiguous answer to it yet. If this happens more than a hundred years, then there is no need to try to give an answer to it, because by that time bitcoin, if it still exists, will be completely different. Perhaps by that time, its number will also change.
Hi i have a question, i hope someone could answer it
As of now, the circulating supply of Bitcoin is 16.6M
I was wondering what would happen if it reaches 21M?
Will bitcoin still work even without mining?
Or will bitcoin fall apart?
read an article that if it happen the bitcoin will still work and circulate..As of now, the circulating supply of Bitcoin is 16.6M
I was wondering what would happen if it reaches 21M?
Will bitcoin still work even without mining?
Or will bitcoin fall apart?
The miners will get paid in every transaction will made about coins . Just like what they do when mining
And some said that the supply wi be here until 2140
The difficulty will be more hard if were getting close to the supply limit.
Some said that the price will go up for those rare type of coins.. but who knows maybe this will not gonna happen
If bitcoin reach its max supply expect the value of bitcoin will more likely will pump because of high demand now of bitcoin on cryptocurrency market.
It's not worth again for mining, even the transaction fee will rise. If the transaction fee is increased to the max people will quit from bitcoin and change to altcoin like bitcoin cash or something, and the miner will quit from bitcoin mining because miner will get ROI longer than usually and the bitcoin price will crash until maybe $100 or $50. In other words it is bitcoin doomsday.
In my opinion miners still have to work to transfer from this block to another block in blockchain, that means their work never stop until they quit 
Just follow the rules of supply and demand, more demand and fix supply what do you think will happen? Price increase yes.
Other than that, miners will be paid solely by users fee, So acording to my guess, transaction fee will be even higher, damn!
I need to accumulate as many as bitcoins before that happens
Other than that, miners will be paid solely by users fee, So acording to my guess, transaction fee will be even higher, damn!
I need to accumulate as many as bitcoins before that happens
My bet is that Bitcoin will become irrelevant far before that moment, as new currencies rise in adoption and importance and solve more problems than Bitcoin and they do it in a better way. Proof Of Work, as it is now done for Bitcoin, is unsustainable.
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After the Bitcoin reached it's maximum supply, i guess the price will be much higher because the total supply will just circulate, if the big players hoard their possesion then the supply will be lesser while the demand will be higher. Then there will be a price acceleration.
Hi i have a question, i hope someone could answer it
As of now, the circulating supply of Bitcoin is 16.6M
I was wondering what would happen if it reaches 21M?
Will bitcoin still work even without mining?
Or will bitcoin fall apart?
Once the number of bitcoin reaches the maximum supply, I think the bitcoin value would grow higher because the bitcoin hodlers would be holding more and more. And as you know, the bitcoin price is driven by the market demand and supply. The bitcoin scarcity will start due to high bitcoin demand by the people. Therefore, the demand of bitcoin will be higher than the supply more than ever and that would catapult the bitcoin price to go beyond the moon, perhaps, to the last planet which is Pluto. As of now, the circulating supply of Bitcoin is 16.6M
I was wondering what would happen if it reaches 21M?
Will bitcoin still work even without mining?
Or will bitcoin fall apart?
If bitcoin reaches to its maximum supply then i don't think bitcoin will work Strongly Because at that point the supply will exceed the demand and thus the value fill fall.
How the hell will that be possible?
The number of coins will stay the same, that's it.
How do you think supply will exceed demand when right now with over 3/4 of coins mined price is up 15x times in a year?
The value of BTC will be so high that we cannot reach the maximum supply. I think at a certain point, people will did it difficult to purchase BTC due to its astronomical value.
Go back to the wiki page and read before shit posting.
The price has nothing to do with the block reward.
The value of Bitcoin will likely continue to keep rising once mining stops. Fees will also be very high so miners will receive these fees for running the blockchain.
God help me!!! Where do you people come from?
Why would mining stop?
I guess the miners will have a problem regarding the confirming transaction in my theory if that happens then it will be the start of another increase in the miner's fee because it will be an additional workload for them
And the flood of shitposters continues...
What is this additional workload you talk about it? Obviously there is none but I wonder what was going though your brain when you posted this.
Whenever the max supply would be reached , bitcoin's values will certainly skyrocket since it'll be considered as a rare item to get (such as for gold now if we apply the analogy gold-bitcoin ) . Yet people always think that reaching the max supply will be in no time , well people , reaching the max supply could take a 100 years more due to the exponentially increasing difficulty of hashing .
Miners will keep mining for transaction fees and not to create new coins , fluctuations won't be of a weight as they are now and the market will be unreachable by new comers which will make bitcoin traders impose whatever prices they want .
But i don't think that any of us will live long enough to actually experience all of this
..
Miners will keep mining for transaction fees and not to create new coins , fluctuations won't be of a weight as they are now and the market will be unreachable by new comers which will make bitcoin traders impose whatever prices they want .
But i don't think that any of us will live long enough to actually experience all of this
..
When that happens, all Bitcoins will be in circulation (held by someone). At this point we will still need miners to perform transactions so they will probably be paid entirely by transaction fees. Bitcoins will become more scarce and therefore the price should keep increasing. This process will take until the end of the century, but Bitcoins can still be used after they are all mined.
Then the price of bitcoin would be so high already.
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