Topic: What is going to happen when we reach the 21 Million BTC supply limit? - page 3. (Read 1581 times)
October 30, 2018, 04:04:50 AM
I think the number of 21 million BTC is unknown, it is only predicted if reached such a number, the market will be saturated.
October 30, 2018, 03:19:27 AM
As you know , bitcoin is a deflation coin , so the answer your question is so clearly : Price will rise. Then we can't mine them anymore , the operation of them is in the exchanges ,,,
October 30, 2018, 03:14:11 AM
I honestly believe we all are aware of this fact already that Bitcoin will soon be completely mined. The 21 million will only be transferred between one person to another in exchange for whatever service.
Soon ? I am sure you know that most of us here will not even be alive by the time we get to mine the last bitcoin, and possibly the kid born today may probably be dead or as well as extremely old when that would happen, so I do not see that as something that can be classified as soon. Also, we have to understand based on what you have said, that this 21 million will not even be in circulation as even by now some have been known to be lost and even in the long run, more will be lost, so let's say eventually when bitcoin even becomes extremely usable, we may not even get to find so much in circulation.When the BTC is completely excavated. At that time, I didn't know the price of BTC. But at the time, there were no mining incentives. It is estimated that mining incentives are commissions. The market has a big change. Look at the situation that was recognized at that time.
Obviously, if bitcoin is still existing by then which I so much believe it will, the price is not even something we can even imagine in our heads, and may be by then though, 1 satoshi might have become an equivalent to the dollar. The market is pretty much changing each and every day, and there is absolutely no way we can get to not believe that this market would have increased in terms of adoption by then which we all know what that would have amounted to considering the fact that real life usage would even have become a thing in the end.
October 29, 2018, 09:11:49 AM
If that should happen then no one will mine anymore because as you say, the closer we are from the market limit, the more expensive it is to mine. Then everyone else will just trade with Bitcoin while other would just still mine Bitcoin because that is the only thing they know what to fo but that will be a very small population.
i think for development it will still work, because every transaction must be solved. but i think 21 million will not be released in all markets. of course they still set aside a portion to maintain market health October 29, 2018, 02:19:16 AM
If that should happen then no one will mine anymore because as you say, the closer we are from the market limit, the more expensive it is to mine. Then everyone else will just trade with Bitcoin while other would just still mine Bitcoin because that is the only thing they know what to fo but that will be a very small population.
October 28, 2018, 08:47:18 PM
Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?
Thanks for taking the time to answer :-D
I do not think Bitcoin will become more expensive. Because that 21 million Bitcoin will still be circulating in the market and it will never be lost. It is important that the GPU market will fall sharply. Because when Bitcoin has reached the limit, miners will no longer need to dig up more coins. Only Bitcoin is now profitable for them and when it reaches the limit, GPU sales will be greatly reduced. I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?
Thanks for taking the time to answer :-D
October 28, 2018, 08:08:10 PM
This is where Bitcoin will have its greatest value on the market. When it reaches its 21M supply, it will become scarce and as the demand increases, the price and value will definitely increase as well.
October 28, 2018, 06:51:30 PM
it becomes a more stableI think it will be a more stable market. there will be no sharp declines. it would be better if the distribution did not accumulate at the whales. When it reaches 21 million, it does not make much profit. market. there will be no sharp declines.
With a limit approaching, the coin will be rising high in the market and might have a high price for the supply will be limited and the demand maximum. This is the general economic intuition about the limited supply and excess demand. However, I read somewhere on the forum that the volume of Bitcoin might also rise as we approach the end of the 21million. In addition, a limit in the Bitcoin market might give way to ETH as well to prosper.
Talking about the halving that would be occurring in the next few years, I can imagine this is something we would get to see bring about some huge spike in prices and then in the long run, we would get to see the price of the market going far from where we are now. What makes bitcoin what it is as well as every other cryptocurrency is the limit and for bitcoin this would speak for its growth and value, not to even talk about the ones that are lost.
Arent POS coins with Masternodes, Higher Max Supply + designed for moving value around would get an advantage at that point? As their aim is to get money from the traffic and miners are forced out from start or soon after. Something like "crypto trade ships" sealing on the vast seas of crypto, transporting money.
October 24, 2018, 06:33:37 AM
When the BTC is completely excavated. At that time, I didn't know the price of BTC. But at the time, there were no mining incentives. It is estimated that mining incentives are commissions. The market has a big change. Look at the situation that was recognized at that time.
October 24, 2018, 06:00:17 AM
it becomes a more stableI think it will be a more stable market. there will be no sharp declines. it would be better if the distribution did not accumulate at the whales. When it reaches 21 million, it does not make much profit. market. there will be no sharp declines.
With a limit approaching, the coin will be rising high in the market and might have a high price for the supply will be limited and the demand maximum. This is the general economic intuition about the limited supply and excess demand. However, I read somewhere on the forum that the volume of Bitcoin might also rise as we approach the end of the 21million. In addition, a limit in the Bitcoin market might give way to ETH as well to prosper.
Talking about the halving that would be occurring in the next few years, I can imagine this is something we would get to see bring about some huge spike in prices and then in the long run, we would get to see the price of the market going far from where we are now. What makes bitcoin what it is as well as every other cryptocurrency is the limit and for bitcoin this would speak for its growth and value, not to even talk about the ones that are lost.
October 22, 2018, 06:02:57 AM
I think people will just focus on trading their crypto currency since, like you said, mining will be more expensive than the Bitcoin you'll actually mine. I also hooe that by the time we rea h the 21 million mark, that we can see a huge stabilization of price of bitcoin so it could be adopted in the near future.
When the limit comes of bitcoin mining and no more mining, the price will go higher and higher because if the demand increases and there are no bitcoin available in the market, the price will definitely increase. When more and more companies and shopping malls accept bitcoin as their payments, the use of bitcoin will increase and so the demand and so the price. October 20, 2018, 04:34:21 PM
Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?
Thanks for taking the time to answer :-D
I honestly believe we all are aware of this fact already that Bitcoin will soon be completely mined. The 21 million will only be transferred between one person to another in exchange for whatever service. I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?
Thanks for taking the time to answer :-D
October 20, 2018, 04:24:45 PM
Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?
Thanks for taking the time to answer :-D
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?
Thanks for taking the time to answer :-D
When the total supply is fully mined, I think buying or trading will be the only way to acquire bitcoin which will definitely influence its value and probably create more stability.
However, while giving your question a thought, another question popped up from my mind; will all these mining farms seize to exist when the total supply is fully mined since nothing will be left to mine?
October 19, 2018, 12:48:56 PM
By the time the final coin is mined, though of course it'll be significant, primarily it'll be academic. Coin emission will have been so low for so long that it will be an incredibly long taper that will have figured out how to keep mining. Will anyone care if 0.00210000 arrives rather than 0.00420000 every ten minutes?
Dunno. But we'll all be too dead to know. Anyone reading this in 2140 - big kiss from me.
Dunno. But we'll all be too dead to know. Anyone reading this in 2140 - big kiss from me.
October 19, 2018, 12:36:53 PM
Developers, in any case, will need to think hard so that the transaction price for ordinary users does not increase.
Transactions fees is definitely going to increase and that will in turn going to affect bitcoin. On a lighter note it will be more of positivity and it will become the highest demands as many people will like to hold some units of it. When all bitcoin is mind I believe that miners will still have work to do as there have to be around to confirm transactions. Traders are going to benefit as what will determine the price will be the forces of demands and supplies. 
October 19, 2018, 04:53:57 AM
it becomes a more stableI think it will be a more stable market. there will be no sharp declines. it would be better if the distribution did not accumulate at the whales. When it reaches 21 million, it does not make much profit. market. there will be no sharp declines.
With a limit approaching, the coin will be rising high in the market and might have a high price for the supply will be limited and the demand maximum. This is the general economic intuition about the limited supply and excess demand. However, I read somewhere on the forum that the volume of Bitcoin might also rise as we approach the end of the 21million. In addition, a limit in the Bitcoin market might give way to ETH as well to prosper.
Yes, when it happens, the price of Bitcoin is supposed to go to the Moon, maybe to the Sun even. I mean that one BTC will cost really a lot. That is why the wisest guys try to invest in the crypto so much.
October 17, 2018, 03:40:32 AM
It could be possible that if it is really mined to the last bit of coin, the prices may just be soaring high as we all know it is affected by the complexity of calculating it and the more power used during the computation. Yet as the technology progresses it may as well be limited to a specific value so as to be able to give the right price for each coin. If it would happen that the coins will all be mined, the possibility of selling some of the coins by holders is really high as the prices will reach its limit or peak.
October 17, 2018, 02:46:42 AM
I think there will be a stable price of bitcoin and the rest of the cryptos too because as what i have observed, alternate coins are dependent on bitcoin's price due to their pairing that's the reason why their price are dragged up or down depending on bitcoin's price.
Before we would even get to see any stable price for bitcoin, I am sure we would have gotten to some pretty huge level of mass adoption and possibly the mainstream would have kicked in but certainly, we are not even close at all. The thing is that as we keep moving on, block reward are being reduced and that is what the upcoming halving is all about and in this kind of things, the difficulty will increase, and most definitely we will get to see a huge growth in the value of bitcoin within this period, so one way or the other, as we keep approaching the supply limit, we are most definitely growing at the same time with it.
October 17, 2018, 01:13:16 AM
Something beautiful is going to happen if all bitcoin are mine. It will become hard to get it and the price will pump up to the level that we did not expect. Many are saying that bitcoin is going to hit $100,000 and some said it is going as high as $500,000 , I believe that this will happen when all bitcoin are mine.
October 16, 2018, 11:49:46 PM
as the bitcoins mined near to 21 million the price of bitcoin will reach an all-time high price may be more than a half a million dollars possible and mining difficulty to increase in between
this is the simple thing could happen when all bitcoin supply mined.and people become difficult to get bitcoin and it would be rare in market. Jump to: