Topic: what will happen when all bitcoin get mined or all transactions stops ?? (Read 250 times)
March 26, 2018, 04:57:21 AM
I do not think all of the bitcoins will probably be fully exploited. If bitcoin is fully exploited, the bitcoin value will decrease and will decrease to the lowest level. And you will not make a profit because of the high cost
March 26, 2018, 04:39:05 AM
Miners make money to process the transaction then
February 22, 2018, 05:50:19 PM
Many people say that it will rise in price, as the supply will drop sharply. However, I believe that on the contrary, then people switch to altcoyins, which already surpass bitcoin in both the level of confidentiality and payment for transactions.
Supply drop sharply? New supply will be nonexistent from that point! The price will reflect that event years before it will even happen. If you think that Bitcoin will remain as it is right now for ever, then you are even more stupid than you portray yourself to be. In more recent terms, lightning network will offer people the cheap and instant settling transactions that they are desperately waiting for -- another important point you blatantly ignore. I however don't know if Bitcoin will ever be able to offer privacy centric features, which for me isn't necessary at all. I am more than fine using a mixer when I need it, which is what I have been doing already for years now. If people so badly want a coin with that's privacy centric by default, feel free to switch to Monero....
February 22, 2018, 05:10:44 PM
I have question in my mind that what will happen when all bitcoin get mined and there is no reward also too many people not sell their bitcoin, (means transaction ~0) as many people use it as long term investment. will it goes less than 1k or less than zero?
I am pretty sure that the outcome will be really good for Bitcoins. Since clearly it is the popularity and demand that carries a coin to new prise heights and great success. So the more scarce the coins are, the more people will want to get their hands on them. Hence, value rises together with rarity.
February 22, 2018, 05:01:19 PM
Once all of those Bitcoins have been mined, no more new Bitcoins will ever be created. This means that the units will remain stagnant and if demand continues, then the price of Bitcoins will increase exponentially. But it will take a long year time till all the bitcoins are mined, that's if the world is still there by then.
February 22, 2018, 04:45:36 PM
Bitcoin will not become extinct or reach a value of zero just because all coins have been mined and even then it is predicted that all the bitcoins will only be mind by 2100 something more than 80 years from now, so much could change then cryptos and the markets are still evolving day to day so who knows in 80 years what the situation could be like!
The market is constantly changing and no one knows ahead of time but I believe that bitcoin and its existence along with this market are developing very well due to the bitcoin scarcity in the next few years. Investing in bitcoin is the best choice I have ever made. February 22, 2018, 04:28:36 PM
My personal opinion, if for example someday bitcoin has been exhausted in the mine.
then the bitcoin price will soar, because bitcoin will become very rare, and only certain people hold bitcoin.
and at that time bitcoin will be the most investment asset in search.
then the bitcoin price will soar, because bitcoin will become very rare, and only certain people hold bitcoin.
and at that time bitcoin will be the most investment asset in search.
February 22, 2018, 04:21:25 PM
Bitcoin will not become extinct or reach a value of zero just because all coins have been mined and even then it is predicted that all the bitcoins will only be mind by 2100 something more than 80 years from now, so much could change then cryptos and the markets are still evolving day to day so who knows in 80 years what the situation could be like!
February 22, 2018, 04:13:18 PM
While it is generally difficult to foresee what will happen if all bitcoins are mined. Many people say that it will rise in price, as the supply will drop sharply. However, I believe that on the contrary, then people switch to altcoyins, which already surpass bitcoin in both the level of confidentiality and payment for transactions. However, if the level of bitcoin transactions also drops, I think that this will have a bad effect on him and he will start to depreciate sharply. However, this is all theory. How will happen in practice, no one knows.
February 22, 2018, 03:59:38 PM
I do believe that stoppage of minning will not cause bitcoin to stop. It will rather lead to higher demand which will lead to higher price. Even because some will be lost on the "air" either as a result of misplacement of security codes.
February 22, 2018, 03:50:43 PM
much as its said that there is a limited number of 21M bitcoins,supply of cryptocurrencies is infinite. Upon reaching this target, the miners can agree on whether to continue mining or not, if they agree not to mine any longer, then the available coins will be the only ones traded, this will mean shortage in supply and increase in prices.
February 22, 2018, 03:45:04 PM
Miners receive the transfer fees paid with each transaction in addition to the block reward. So as the block reward goes to zero the transaction fees will remain as an incentive to mine.
If there are no transactions then it should be obvious a coin is dead; even if someone is mining it there's no longer any value to it if there are no transactions.
If there are no transactions then it should be obvious a coin is dead; even if someone is mining it there's no longer any value to it if there are no transactions.
Exactly, thats true. The question should be, once the fees become the only reward for mining, will be still profitable?
Anyway, it is far on the future (reward stopped), for now, the reward is secure for many years.
And when it happens, probably BTC will be expensive enough for feeds to be a great reward.
What do you think?
February 22, 2018, 03:34:12 PM
I dont believe that all transactions will stop. There will be always some group of people who will mine. Because less people who mine means more income from mining. So there are many people who is mining but if some people will stop their proportion will be higher.
February 22, 2018, 03:26:40 PM
If you think crypto will stop in the future after all was already mined that's not never gonna happen and we can see a lot of coins by now running so they all different coins with different developer also so even some coins go really well in the future here or it gone i'm sure it will still continue and this is non stop,Moreover if crypto will be gone in the future try to do hardwork by now so you can earn a lot already so even crypto will be gone you already have big money.
February 22, 2018, 02:59:46 PM
I am not sure if Bitcoin in its actual form will survive ultil then - actually I am rather convinced of the contrary. Bitcoin's energy consuption rise is not sustainable, and before all the coins will be mined something will have to be changed to this regard. But my guess is that some other coin at some point will just take the leadership.
Well i think Bitcoin will still survive that day when all coins are mined, Bitcoin will still the number 1 coin in terms of price and it will become much higher because you can only get it from people who are buying and selling Bitcoin.
February 22, 2018, 02:54:23 PM
I am not sure if Bitcoin in its actual form will survive ultil then - actually I am rather convinced of the contrary. Bitcoin's energy consuption rise is not sustainable, and before all the coins will be mined something will have to be changed to this regard. But my guess is that some other coin at some point will just take the leadership.
February 22, 2018, 01:56:43 PM
I have question in my mind that what will happen when all bitcoin get mined and there is no reward also too many people not sell their bitcoin, (means transaction ~0) as many people use it as long term investment. will it goes less than 1k or less than zero?
This question about what will happen if all Bitcoin supply gets mined has been brought a lot of times here in the forum. If all Bitcoins will be mined means miners will not get any block rewards anymore so we still don't know if transaction fees will be enough for them to stay mining Bitcoin, but it is too early to think about it. There might be a lot of long term Bitcoin investors but there are also lots of short term investors and traders (this is why Bitcoin is highly volatile) so it is impossible that there will come a time that there is zero transactions in Bitcoin network unless all people have lost their interest on trading it. February 22, 2018, 01:35:03 PM
I think mining is stop!
BTC will die
BTC will die
February 22, 2018, 01:15:21 PM
if the bitcoin in the mine and the transaction stops if this happens in bitcoin this is a sign of the destruction of bitcoin, quickly quickly find a stronger investment place than bitcoin and do not be silent to see what happens ...
Yes, I also agreed that bitcoin is mined or transaction stop maybe we must quickly to choose a new investments, it’s like proposed Satoshi, there is a possibility there are many transformation in bitcoin in a period next or no transaction at all, and in that moment bitcoin will fall and not bitcoin wouldn’t worthless again. February 22, 2018, 01:09:59 PM
if the bitcoin in the mine and the transaction stops if this happens in bitcoin this is a sign of the destruction of bitcoin, quickly quickly find a stronger investment place than bitcoin and do not be silent to see what happens ...
This is utterly misleading; bitcoin, by design still rewards the miners even if the mineable supply has been completely exhausted. It will be in the form of fees where people would still be paying in order to get their transactions registered and confirmed. By that time, it is hinted that bitcoin's value is enormous that fees would be sufficient to reward miners and incentivize them to hash and run their machines continuously.
As Satoshi himself stated, it's either there would be a huge amount of transations in bitcoin in the next decade or no transactions at all.
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