Some other replies has a good point, the transaction fees might go up at that time is that really matters. Bitcoin is about 7400$ this week then what more it will be if the 21million will be reached. If I do have 1bitcoin at that time then I can make my own prices two times higher than in a market. Because those who badly needed one will have no choice.
Reaching that time, possible of having huge modifications and hardfork happens. Even though mined bitcoins is far from 21 million but the price of each coins is expensive, how much more if it is only a single steep left to reach? Possible it could be more expensive on that time. And usually fees will vary also to its price of bitcoin. 
Topic: What is going to happen when we reach the 21 Million BTC supply limit? - page 8. (Read 1575 times)
November 07, 2017, 02:43:01 AM
November 07, 2017, 12:38:34 AM
i think the price will be increase too high and only few people that can buy a whole 1 bitcoin and people like us is only trying to increase our amount with many ways. I think when the supply limit is reach, there will be many people join into bitcoin world and they will trying to buy and sell the bitcoin even if the price is too expensive for them to buy. but this will be happen for a long time and we don't know if we are still alive or not and maybe only our grand children will see this.
November 07, 2017, 12:07:46 AM
Some other replies has a good point, the transaction fees might go up at that time is that really matters. Bitcoin is about 7400$ this week then what more it will be if the 21million will be reached. If I do have 1bitcoin at that time then I can make my own prices two times higher than in a market. Because those who badly needed one will have no choice.
November 06, 2017, 11:53:42 PM
For sure the transction fees would be more expensive and not all of us wanting that because the demand will surely increasing because more investors continue to invest in expensive coin like bitcoin. But i do not think it will happen i beleived in bitcoin that it will last forever.
November 06, 2017, 11:26:20 PM
Unless there is a change in protocol, there won't be anymore bitcoins made.
Miners would rely on transaction fees to continue operating, its not sure yet if that would be sufficient but most likely, yes.
The price of bitcoin, well, it could and would still continue to increase. There is about a million bitcoins saved by the founder itself for this case where there is a great increase in demand.
It's the miners who will not be getting anymore bitcoins but since they are needed to confirm transaction, that's the only way that they are going to make money. But with the value of bitcoins how it rise will depend on the demand of the people.Miners would rely on transaction fees to continue operating, its not sure yet if that would be sufficient but most likely, yes.
The price of bitcoin, well, it could and would still continue to increase. There is about a million bitcoins saved by the founder itself for this case where there is a great increase in demand.
And with this, little by little miners didn't have get enough earning with just confirming transactions than in the reward they're getting in mining so they're shifting to other stuff that more profitable to them and as the result we have slow confirmation yet we pay for higher fees.
The sooner we approach in maximum supply the more we can expect that the price will be more precious than ever so just keep accumulating and holding.
November 06, 2017, 10:54:09 PM
If the maximum supply of bitcoin will be all out in the circulation the only way to acquire some is by buying to other holder which will surely affects the price of bitcoin if ever many wants to have bitcoin surely the value will increase, this maybe good to some holder so they can sell their coins with a high profit and become available again in the market otherwise developers need to divert the bitcoin market and offers other crypto currencies or also known as alternative coins
November 06, 2017, 10:45:50 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
Based on my rsearch that bitcoin is only 21 million and in 2015 a total of 15million will already mined so we expect that if bitcoin reach the 21 million the demand is high and the value is totally increasing so don't worry about that keep earning. 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
November 06, 2017, 10:34:11 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 think there no need to overthink about this, 21 million mark will happen in a very long year. Rewards will no longer exist once Bitcoin it maximum supply. In the coming years as Supply becomes limited the rewards will also become lesser, but on the other hand, because the supply becomes the limited the value will increase in price. This only means that even there will be lesser reward be given it has still same value as what is given now. Once reward does not exist anymore, the only way to get profit I through transaction fee, thus there will also increase in the price of transaction fee. 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
Actually there is nothing to worry reaching that point, that might happen we got lost. In fact that might possibly happen in 2100. Before the 2020 ends, the bitcoin supply will hit 18 million mark. We could also expect increase in value and at the same time increase in fees.
November 06, 2017, 09:43:00 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
21 million mark will happen in the next long years maybe or expected to be on 2100, that time, bitcoin value is really high because of limited supply. It is not also true that its going to be hard mining because even you get small volume it has still he same value as now. Its just that the value increased which it makes harder to get big volume of bitcoin. During that time, there will no rewards be available and transaction fee will increase. But I think nothing will change in that time, its just that prople will get little digits of bitcoin but still has rhe proportional valur to current status.
November 06, 2017, 08:51:04 PM
After the last satoshi will be mined miners will still get their reward from transaction fees. They will probably get higher (in BTC value) which in addition to the exchanger rate growth can be realy painfull for users. Thats when some other fork can come out and take the whole market. Anyway untill that time i think devs will find a good solution.
i think until that happen, devs will still find a way or much better if they can extend the supply of bitcoin to ulimited (if that would be possible?) so that we can still mine and use bitcoin in a normal way because many of people are now loved to use bitcoin and it has been a part of our daily lives. i really cant imagine the life without bitcoins although there were still some other coins if bitcoin can still run out and extinct.
November 06, 2017, 08:39:29 PM
After the last satoshi will be mined miners will still get their reward from transaction fees. They will probably get higher (in BTC value) which in addition to the exchanger rate growth can be realy painfull for users. Thats when some other fork can come out and take the whole market. Anyway untill that time i think devs will find a good solution.
November 06, 2017, 08:36:40 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 think value of bitcoin is going to more expensive because lots of people who do not have bitcoin yet will eagerly wanting to have that is why demand will increasing together with its value, also i think the circulation of bitcoin is too slow because more investors are continue to keep their bitcoin and make it like gold in the future but i think bitcoin supply has no limitation since lot of people are now start to build their own mining site and it is always profitable. Also the transaction fee will be so expensive and no one wanting that. 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
November 06, 2017, 08:34:37 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 think if all the resources of bitcoin will already be mine, the price of it will be higher. Those people who wants to have bitcoin will buy it even if its price is high. Also, theres a probability that new cryptocurrencies will rise in the future that are better than bitcoin and people will use that instead of bitcoin. 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
November 06, 2017, 08:25:27 PM
Unless there is a change in protocol, there won't be anymore bitcoins made.
Miners would rely on transaction fees to continue operating, its not sure yet if that would be sufficient but most likely, yes.
The price of bitcoin, well, it could and would still continue to increase. There is about a million bitcoins saved by the founder itself for this case where there is a great increase in demand.
It's the miners who will not be getting anymore bitcoins but since they are needed to confirm transaction, that's the only way that they are going to make money. But with the value of bitcoins how it rise will depend on the demand of the people.Miners would rely on transaction fees to continue operating, its not sure yet if that would be sufficient but most likely, yes.
The price of bitcoin, well, it could and would still continue to increase. There is about a million bitcoins saved by the founder itself for this case where there is a great increase in demand.
I think the core devs might consider instituting staking of the bitcoins by encouraging everyone to run a full node and earn some percentage at the end of the year based on his amount staked as in the qtum project.
November 06, 2017, 08:00:42 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
First of all, the maximum number of bitcoins in circulation as of now is estimated at 16.667 million BTCs, not 21 million. Most people have confused with MAX SUPPLY and MAX CIRCULATING SUPPLY. Bitcoins is minable, thus the max supply is not yet all circulating in the market, but the mined coins are.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
Once all the bitcoins are already mined, the most probable thing to happen is that transaction fees will become expensive due to high demand in transactions, while miners will take this opportunity to earn from these transactions since they are already done with mining. Furthermore, bitcoin price might also rise up tremendously because there will be a high demand while the supply is not that high anymore. Most people will hold their bitcoins and wait for its price to rise up, and if that happens, there will be a lot of bitcoin holders who will find themselves millionaires in the near future.
November 06, 2017, 07:13:31 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
yes mining will have lower yield as time goes by due to increase difficulty. but it is also complimented by the fact that there are only limited supply of BTC available, thus the increase in BTC value. As long as people still acknowledge BTC as a mean to buy goods and services, I think mining is still possible.
November 06, 2017, 03:32:24 PM
Unless there is a change in protocol, there won't be anymore bitcoins made.
Miners would rely on transaction fees to continue operating, its not sure yet if that would be sufficient but most likely, yes.
The price of bitcoin, well, it could and would still continue to increase. There is about a million bitcoins saved by the founder itself for this case where there is a great increase in demand.
It's the miners who will not be getting anymore bitcoins but since they are needed to confirm transaction, that's the only way that they are going to make money. But with the value of bitcoins how it rise will depend on the demand of the people.Miners would rely on transaction fees to continue operating, its not sure yet if that would be sufficient but most likely, yes.
The price of bitcoin, well, it could and would still continue to increase. There is about a million bitcoins saved by the founder itself for this case where there is a great increase in demand.
November 06, 2017, 03:32:08 PM
Unless there is a change in protocol, there won't be anymore bitcoins made.
Miners would rely on transaction fees to continue operating, its not sure yet if that would be sufficient but most likely, yes.
The price of bitcoin, well, it could and would still continue to increase. There is about a million bitcoins saved by the founder itself for this case where there is a great increase in demand.
Miners would rely on transaction fees to continue operating, its not sure yet if that would be sufficient but most likely, yes.
The price of bitcoin, well, it could and would still continue to increase. There is about a million bitcoins saved by the founder itself for this case where there is a great increase in demand.
Still we may not sure about the satoshi holding bitcoin. I am sure that be is one who holds the large amount of bitcoins. Mining bitcoin will always works in the network pool because this is the only one way to use as the transaction medium.
If you want get paid fee as charge for it. Start mining to have it buddy. Transaction fees will be consume as the reward for the bitcoin miners.
November 06, 2017, 03:21:06 PM
Unless there is a change in protocol, there won't be anymore bitcoins made.
Miners would rely on transaction fees to continue operating, its not sure yet if that would be sufficient but most likely, yes.
The price of bitcoin, well, it could and would still continue to increase. There is about a million bitcoins saved by the founder itself for this case where there is a great increase in demand.
It's the miners who will not be getting anymore bitcoins but since they are needed to confirm transaction, that's the only way that they are going to make money. But with the value of bitcoins how it rise will depend on the demand of the people. Miners would rely on transaction fees to continue operating, its not sure yet if that would be sufficient but most likely, yes.
The price of bitcoin, well, it could and would still continue to increase. There is about a million bitcoins saved by the founder itself for this case where there is a great increase in demand.
November 06, 2017, 03:11:33 PM
When the supply of a product becomes "fixed" and folks still want to get some, they will economically (maybe physically too) fight to acquire it. Everything is for sale provided the price is high enough. I am not currently selling my BTC, but if someone offered me enough I would change my mind. We will almost certainly see a time when transactions will be in Satoshi's and it will be the extreme investor that will be trading daily in multiple full BTC; a decade from now. 10 years flies by quickly so hold on to your seats and enjoy the ride. Even if you start now you will be an early adopter compared to 10 years from now. I can hardly imagine what my BTC will be worth per coin then. If I am right my heirs are going to have it made!
btc will not last that long,
because its just a tulp mania.
https://en.wikipedia.org/wiki/Tulip_mania
the infrastructure burdening waste of energy and the lack of legitimacy will end it.
most people that are putting their money into bitcoin do that only because they think they can leave with a higher value, similar like during the tulp mania in the netherlands in mid 17th century,
people sold a house for 3 rare tulp bulb for the same reason.
later there will be bitcoin cash bitcoin gold bitcoin platinum, bitcoin silver, bitcoin diamond, bitcoin whatevery.
during the tulpomania the traders and planets became rich not the speculants.
same will be here, the IT coders and the marketeers will earn a lot, not the speculants, they are the meatmass.
nevertheless he tulpomania left a longterm new econmic fields in the netherlands to,
that is why i like cryptoeconomics but i will not trust bitcoin
regards
you call btc a waste of energy...but most of altcoin need to be mined, so are they a waste of energy too?
And so...how can you like cryptoeconomics? i don't understand..
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