Will BITCOIN run out in 2140? - page 3.

icekohl

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Quote from: Perindu on July 10, 2019, 04:41:57 AM

I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?

The number of Bitcoin doesn't continues to decrease, it keep increasing, just the minned BTC decrease. In theory, by 2140 the total number of BTC will be fully mined. At that time, the BTC will be a place to store assets, and I believe that the BTC will increase prices in the future.

MonsterV

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Quote from: Perindu on July 10, 2019, 04:41:57 AM

I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?

I do not know this clearly about this issue because this news is confusing without clarity and there are various arguments that differ. But recently I read about the rest of the bitcoin blocks that can be mined at https://en.bitcoin.it/wiki/Controlled_supply.

Some say bitcoin can be mined for 136 years until the supply of bitcoin runs out and that means 2140, if we calculate it mathematically it will produce the answer above. Now per block of bitcoin is worth 12.5, which means that when hardfork in 2020 will be 6.25 and you can count onwards until the supply runs out.

inanilujimi

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I think it is too far for the year 2140 to discuss about bitcoin, technology will increasingly develop and the age will not reach that year.

Kezacky

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Is it only me who approves bitcoin will never die? yes because I think so. I can't imagine what will happen to bitcoin in the future, but I am very confident that bitcoin will never die, they will continue to grow in the future. and if the worst possibility is that bitcoin will die in the future, you don't need to worry because there are still many altcoins on this cryptoqurency market.

Findingnemo

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Bitcoin = Financial freedom

Quote from: Perindu on July 10, 2019, 04:41:57 AM

I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?

No more reason for the Bitcoin to be decreases,early days people never cared about the Bitcoin because it values only few seconds and dollars later but no one who got huge amount of Bitcoin imagine that Bitcoin could ever reach $20000 per unit.

umbara ardian

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There is no need to worry about Bitcoin's future. It will happen in the future, and will need a lot of time for the final BTC to be exploited. Let's take care of the present and invest it at this time and make a profit

Blue_oxen

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Quote from: daniel2023 on August 01, 2019, 08:11:13 AM

Bitcoin can stay up to that, its depends on us; investors, promoters, traders etc. To me Bitcoin have come to stay. It can survive to time infinite. The use cases of Blockchain technology will make it irresistible for many generations.

I agree with you . Bitcoin uses the Blockchain platform and until now it can be seen as the best technology created by humans and widely applied in our daily lives. I believe that in the next few years the value of Bitcoin will be very volatile and may increase at a price that we cannot predict so keep at least 1 BTC for long-term investment because Bitcoin is always the best investment

ali115112

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Yes this is true Bitcoin will run out in 2140 and price will be very high in the coming year so everyone should invest a little amount and hold Bitcoin for future.

daniel2023

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Bitcoin can stay up to that, its depends on us; investors, promoters, traders etc. To me Bitcoin have come to stay. It can survive to time infinite. The use cases of Blockchain technology will make it irresistible for many generations.

pieppiep

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I don't know, and so the others too. It still far away from now and everything could happen in the future, especially if there is a new technology release in our life. Every people can say anything about what will happen to bitcoin in the future, but that doesn't mean they are right because that is the only prediction. And you know what, the prediction still a prediction and no one will know. It's better to do the best thing that we can do now and prepare for our future and don't be late.

Kecipir

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I also do not know if I am still alive in the year 2140, I swear I did not think that far and what I think now is market conditions. if the market stabilizes or the price of bitcoin can soar to its highest price again. and you will also enjoy it from the investment you have. without having to consider the fate of the year 2140.

Darker45

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Quote from: Perindu on July 10, 2019, 04:41:57 AM

I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?

What do you mean run out? That there wouldn't be enough Bitcoin in the world? That is simply impossible to happen.

When all the 21 million Bitcoins have been mined, it means the miners will only be depending on the transaction fees. Meaning to say, business as usual. Everything goes on smoothly. If you are bothered by the billions of people in the world and the very limited Bitcoin supply at 21 million BTC maximum, don't be. There are 8 decimals points in the value of BTC. If we divide all the 21 million BTC supply to the total world population at 7.7 billion people, everyone would have 0.00272727 BTC. That is still a large amount considering that the smallest value would be 0.00000001.

sgenuine

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Quote from: Perindu on July 10, 2019, 04:41:57 AM

I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?

Are you really interested in what will happen in 2140? Suspect that no, you are not. The whole world will be different. maybe the cryptocurrencies will be taken like something very old and non-progressive. People can use chips to buy/sell stuff.

thiscomm

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I don't think that will happen. because BTC is the biggest crypto in the world. although often the price goes down but there are still many users who invest there. with the increasing number of users, of course there will be times when development will occur to continue to supply and handle many users. I am sure that before the year 2140 of course the number of BTC will be developed and added to serve the many market demands.

daisyliker

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If I was Satoshi Nakamato, and my priority was not make quick bucks but create an ecosystem which survives and alternative to the the present money system I would allocate some funds to fund miners or the system to prove the chains.The account of Satoshi remained untouched and probably will be at that state till mining era is over.That is the way how a mathematician or strategician thinks.
About Bitcoin, yes many of the altcoins will disappear with lots of money however a bunch of cryto currencies that BTC is amongst will survive at 2040.It is not something absolute but my probability calculator system tells me 63%.The system is written by me and may be error prone so either write your own p.calculator or make decision/scnerio trees it is up to you.

Ayobami99

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The wonders of the blockchain technology

Quote from: Perindu on July 10, 2019, 04:41:57 AM

I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?

One can predict just as you have said that the price will soar, the major challenge then may be that some users will hoard btc when they know the time is near for mining to stop. This will definitely inflate the price making some people madly rich.
My opinion is: 2140 is still very far, no one knows what will happen before then. BTC may not even be in existence then for the evolution of technology

3la9l_kolbaCa

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We can't say a serious statements for that idea since it was predicted bitcoin wi be more expensive as it grows older. There's no concrete predictions to when it runs out, and it's very unpredictable. What will happen in 2040, I am hoping that everything will be more digitally oriented and cryptocurrency will be our main spending utility instead of physical money.

Andrei_Workout

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Quote from: adzino on July 12, 2019, 02:10:28 PM

Quote from: zhekinsp on July 10, 2019, 05:14:11 AM

Quote from: Perindu on July 10, 2019, 04:41:57 AM

I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?

Its only for the last bitcoin to be mined but the value of bitcoin will still remain in 2200 or in 3000 or so on as long as there are holders for it.

No, the price won't remain the same. Again, if there are holders, the price will bound to rise. After all bitcoin has been mined and the cap has been reached, scarcity will start to be created when adoption of crypto currencies take place. The amount of bitcoin is limited, but the population is not limited. The more the people starts to acquire and hold bitcoin, the less number of bitcoin will exist in the market driving more demand and causing the price of bitcoin to rise. Simple economics.

in General, the correct reasoning and analysts predict fabulous figures in the possible cost of bitcoin, In fact, a serious growth should already occur in 20 year and like everyone understands, but doubt, and not the price would have already soared.

Vispilio

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There are so many unknown variables and unpredictable factors that are at play in the nascent Crypto world, that mineable BTC running out

in 50-100 years should be the least of your concerns... Changes in blockchain technology, new functionalities offered by crypto currencies,

market sentiment and use value / added value will be some of the more immediate factors that will have an influence on the price of BTC...

ansarose1

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I think no one knows when it is to run out. Everything has time to end and i think in that year 2140 is very far from now such that it is possible that bitcoin would run out at that time. Even now there are only few bitcoins left to mine, so in that long period of time bitcoin i think is not used, or let's say there would be a replacement for bitcoin. But time could tell in the future what really happens and will occur about cryptocurrency.

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