Topic: What is going to happen when we reach the 21 Million BTC supply limit? - page 4. (Read 1575 times)
October 17, 2018, 12:43:44 AM
Because of the scarcity of bitcoin, it is easily and fastly to grow up. The demand and supply affects the price of bitcoin. Now, we will experience a hike when the total supply of btc will be mined. However, it takes more years before the last bitcoin supply circulate in our economy. So, don't worry about it.
October 17, 2018, 12:11:12 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 16, 2018, 11:45:51 PM
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.
October 16, 2018, 02:06:57 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.
October 16, 2018, 02:04:41 AM
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
Infact, there are many changes going to happen. I have no guess about transaction fee in future but the current circulation of bitcoin is nearly 18 mllion, once all 21 million bitcoins limit reaches, the price will obviously go high as people will be interested to sell less and buy more.
Thus it is time for everyone to store as much as you can before the price goes 5x
October 15, 2018, 10:48:12 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 dont think its price will increase or it will affect much on price. Simply because the total supply will never be lost. It only flows from one person to another and it is not something rare. We still have to use it for everyday transactions and payments. So it never happens that its price will rise. 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 15, 2018, 10:12:09 PM
Developers, in any case, will need to think hard so that the transaction price for ordinary users does not increase.
There's already one that will make transactions faster and will cost lesser fees.Lightning Network
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
That's possible but reaching the total supply limit is around 100 years from now. As halving comes it will increase the difficulty for miners and like the past effect of it, this can lead the price to go up. And when each year that passes by, users are increasing so that will effect to increase the demand and there's no need to wait for that time until it reaches the total supply limit.
October 15, 2018, 08:17:04 PM
I think the closer we go to the supply limit of Bitcoin, the harder mining it could be. The price for mining Bitcoin too increases as we get closer and closer to the Bitcoin limit. I think people will jist focus on trading Bitcoin rather than mining it or even improving projects to we can have a definite use for Bitcoin.
October 13, 2018, 04:00:51 AM
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
October 13, 2018, 03:43:46 AM
Developers, in any case, will need to think hard so that the transaction price for ordinary users does not increase.
October 13, 2018, 02:29:15 AM
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
If are mined all 21 million bitcoins, nothing much will happen. However, it should be borne in mind that by 2140 a lot will change. Bitcoin is unlikely, if it lasts until that time, it will be the same as now. This will be a completely different bitcoin. By this time, the technology will go far ahead and the cryptocurrency will change dramatically, and maybe it will even be replaced by something more advanced. Moreover, we will not know this all the same. 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 13, 2018, 01:42:20 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.
October 09, 2018, 08:47:05 AM
Do we really need to bother about it? That day is more than 100 years from now. I am not even sure whether the human race will survive for that far.. Perhaps we should concentrate on the next 5-10 years proceedings?
After the 21 million BTC supply limit is reached, I think the price will stabilize, meaning that the increase or decrease is not so big, because there are no more miners and people who want to have bitcoin must buy from the BTC market. Hunting for bitcoin is not attractive, because everything is available on the market. Speculators do not want to invest, because there is no element of surprise. August 07, 2018, 06:20:26 AM
It seems that the individual group most affected by the Bitcoin supply limitation will be the Bitcoin Digging System. It is thought that Bitcoin diggers will not receive a reward after Bitcoin has reached $ 21 million and will only be awarded a transaction fee to maintain operations leading to a decrease in the number of operators in the network. Due to the financial impact negatively affecting the Bitcoin system. Looking forward to a few decades, it is not hard to imagine that the processor chips will become smaller, more powerful and highly specialized dedicated hardware. This will reduce the burden on the operator. Moreover, transaction fees can be increased to reward for increased transaction processing that may help keep the operator afloat.
July 26, 2018, 02:29:44 AM
Because the number of bitcoins is limited, I'm sure one thing is that the value of bitcoin will increase sharply in the long run, which can be dramatically reduced.
July 24, 2018, 11:03:45 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
Not that any of us will be around to see that, but here's what I think...
If bitcoin continues as a POW coin on a decentralized network, the miners will need to charge transaction fees to cover their cost + profit.
The more difficult it becomes to mine a bitcoin and the fewer rewards that are earned for doing so will increase the cost exponentially.
Ultimately things can only go up from here providing the market continues to adopt BTC and the demand is still there.
If it fails (which is possible), due to cost and market effect, then another crypto better equipped to scale will slip in to takes its place as the king of crypto.
Nothing can stop crypto now. BTC is the best example of a truly decentralized network. The future is bright for anyone who is awake to see it now!
July 24, 2018, 10:58:07 PM
When all the 21 million Bitcoins are mined and put into the circulation, prices would proportionally go up and with relationship to the adaption too.
As of now, we know that some countries are still not accepting bitcoins, yet we do not know if there are people already who holds some cryptos with them. If we would think that they do not have any. There will be a great chance that 50k USD is not the highest price per bitcoin. Everything will be so expensive when every coin is being distributed.
with increasingly limit reserves and exit to the market, then logically prices will soar, we can imagine, if many governments are legalize it, then more and more will need bitcoin with various purposes As of now, we know that some countries are still not accepting bitcoins, yet we do not know if there are people already who holds some cryptos with them. If we would think that they do not have any. There will be a great chance that 50k USD is not the highest price per bitcoin. Everything will be so expensive when every coin is being distributed.
July 24, 2018, 10:16:20 PM
When all the 21 million Bitcoins are mined and put into the circulation, prices would proportionally go up and with relationship to the adaption too.
As of now, we know that some countries are still not accepting bitcoins, yet we do not know if there are people already who holds some cryptos with them. If we would think that they do not have any. There will be a great chance that 50k USD is not the highest price per bitcoin. Everything will be so expensive when every coin is being distributed.
As of now, we know that some countries are still not accepting bitcoins, yet we do not know if there are people already who holds some cryptos with them. If we would think that they do not have any. There will be a great chance that 50k USD is not the highest price per bitcoin. Everything will be so expensive when every coin is being distributed.
July 24, 2018, 09:38:29 PM
according to supply and demands law, the price will be more expensive. because when bitcoin reaches the supply limit, it can be categorized as a rare asset, and prices can be very expensive. unless there is a recover supply.
July 23, 2018, 05:40:07 PM
I really don't know what will happen about this because it's too far from my imagination and I don't think that is a simple question and only need a simple answer. maybe only satoshi itself that can answer and we are only giving prediction answer without knowing the true answer. for me, I think it is better that we collect more bitcoin from now on so we make sure that when the supply limit is almost reached, we have much of bitcoin and we are ready to sell it if the price increases higher.
Exactly. A very difficult question, difficult to answer.Perhaps only Satoshi can answer and we only give the predicted answer without knowing the real answer.
The simple thing we need to do is build a useful user community and help people in need. Especially to earn more BTC to create a variety of income sources and other markets.
That's what we need to do.
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