Topic: What will happen after the last bitcoine is mined? (Read 692 times)
If you get past the vehicle, then all will switch to the new cryptocurrency. This is exactly the same as with paper currency. So do not despair.
According to forecasts before 2140, this should not happen, you will agree - it is not soon enough. But I agree with the opinion that most likely, bitcoin continues its growth and will be used only for large payments.
There will be a huge increase in its price, after the extraction of the last BTC, it will immediately grow in demand and eventually be resold as some rare metal.
There will never be a last bitcoin, it's not gold or oil. Bitcoin and cryptocurrency will be created while hardware and software are available.
The system that creates Bitcoin, with the latest Bitcoin will not cease to exist. This is due to the fact that transactions will still be conducted. To continue mining, it is necessary to replace outdated equipment.
After the last bitcoin is extracted, will it become a mass payment unit in the world? Its price on crypto-exchanges will be stable? Share your thoughts, I'm very interested.
The thing that scares me most about the mining to end is the prices. I mean there is two options, after bitcoins are done mining (well it won't end for a long time but it will be really low amounts over time) the fee will be the only thing miners will be making money. So, the two options are, either miners will keep the fee high or keep the bitcoin prices high so it would worth their time to keep mining bitcoin or they will leave the business which would mean bad things for bitcoin. I do not know which one will happen but if the second option happens than we are not looking at a great future for us so we should find a solution to that.In some assumptions, after ~100 years (or before the last bitcoin will be mined out), the total TX fees will be included into one block may sum-up into more than 50 BTC also (which is the original block reward). Then, why miners will go away and how bitcoin network will be unsecured ?
You are mentioning about the third possibilities. Yes, I must agree that when the last bitcoin will be mined out, the number of transaction will be occurring on every 10 minutes will be something unimaginable hence the sum of transactions fees alone will be enough for miners.
Price will grow like he grows after every halving
check this chart here to see https://twitter.com/7bitcoins_com/status/1036952239783530497
check this chart here to see https://twitter.com/7bitcoins_com/status/1036952239783530497
Very interesting question, I think that after the last bitcoin is extracted, the price of bitcoin will rise rapidly, and the miners will participate in the investment market industry!
If all of the bitcoins are mined then we all have limitted resources in us. Well, we still have limitted BTC since then but some isnt mined or in hands. After that, the price will sure becomes higher if all of the BTC circulates in the market. Since a lot of miners stop mining, i dont think we can get all bitcoins out.
Doomsday. Joke. After the last Bitcoin is mined, and it will happen, according to some, in 2 years, its price will soar to the heavens...personally my opinion.
I think that the creation of a new cryptocurrency. The collapse of Bitcoin will not happen, it is a coin-start for everyone else.
The miners will no longer be generating coins. They will only get the miners fee only as the reward. Eventually many miners might leave causing slow confirmations and higher fee. But I am quite sure better solutions will come out. We will see the price of bitcoin higher than it is today. Assuming, most people already adopted bitcoin, we might see some price stability.
hope that it really happened. I also assume that when bitcoin has reached the limit, miners may mine altcoins, and bitcoin is limited, so the price of bitcoin is higher. Hopefully the price will stabilize.
If this happens, the price for a limited product on the market should soar,provided that the relevance of the currency will not disappear.
"Bubble" #40 will begin and the value of a single bitcoin will shoot to $100K. By then people will use it to buy the latest, globally scalable cryptocurrency for micro-transactions called (name here).
The miners will no longer be generating coins. They will only get the miners fee only as the reward. Eventually many miners might leave causing slow confirmations and higher fee. But I am quite sure better solutions will come out. We will see the price of bitcoin higher than it is today. Assuming, most people already adopted bitcoin, we might see some price stability.
Experts have calculated that the last bitcoin will be mined around 2140 and,of course, we will not live up to this time, but our great-grandchildren and other relatives are likely to live in a fully digital world and most likely about some Fiat currencies, young people will not even know anything and will only be surprised at this.
In my own opinion, after the last bitcoin has been mined, the price of cryptocurrencies are going to pump since the demand will increase and supply will decrease, that is the reason we should hold our coins even more today.
It will rise sharply in price and everyone will start selling it. My vision of this situation is this. And the cash flow will go to the altcoins.
According to forecasts, this date is not in our foreseeable future, so it is almost impossible to predict how life will develop and what impact bitcoin will have on it. I think the cryptocurrency market will be something ordinary, and the last coin will be just some symbol of the final entry of this phenomenon into everyday life.
Experts have calculated that the last bitcoin will be mined around 2140 and,of course, we will not live up to this time, but our great-grandchildren and other relatives are likely to live in a fully digital world and most likely about some Fiat currencies, young people will not even know anything and will only be surprised at this.
In my own opinion, after the last bitcoin has been mined, the price of cryptocurrencies are going to pump since the demand will increase and supply will decrease, that is the reason we should hold our coins even more today.
Experts have calculated that the last bitcoin will be mined around 2140 and,of course, we will not live up to this time, but our great-grandchildren and other relatives are likely to live in a fully digital world and most likely about some Fiat currencies, young people will not even know anything and will only be surprised at this.
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