Will BITCOIN run out in 2140? - page 4.

Teraboy

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Quote from: Anonymous100 on July 31, 2019, 07:24:00 PM

My question is, are we still alive in 2140? I think we are discussing too far, and it is impossible to answer at this time. Indeed, the target of Bitcoin is long term. Every day the Bitcoin miner continues to grow. I think that in less than 50 years Bitcoin will run out in the mine. Bitcoin stock is very little.

In the context of prices it is very dependent on the world's rulers. At present the ruler of the world is Satoshi Nakamoto, even though we don't know him. He was present not to be remembered by anyone, with his program that was so great.

It is possible that the next decades of technological developments will become increasingly sophisticated. And a new hero will be born. If he agrees with Bitcoin, then Bitcoin will survive. If not, they will develop new technology and leave Bitcoin or Blockchain technology.

We will not life again at that time but it looks like you are very wrong about the context of bitcoin depend in the world's ruler. You can argue that through use the bitcoin technical analysis because bitcoin is having limited supply and we can argue this will be very expensive like a diamond. Gold is not a comparison for bitcoin at that time but the diamont will. Tech can't be erased and remember this.

Anonymous100

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Quote from: Perindu on July 10, 2019, 03:41:57 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?

My question is, are we still alive in 2140? I think we are discussing too far, and it is impossible to answer at this time. Indeed, the target of Bitcoin is long term. Every day the Bitcoin miner continues to grow. I think that in less than 50 years Bitcoin will run out in the mine. Bitcoin stock is very little.

In the context of prices it is very dependent on the world's rulers. At present the ruler of the world is Satoshi Nakamoto, even though we don't know him. He was present not to be remembered by anyone, with his program that was so great.

It is possible that the next decades of technological developments will become increasingly sophisticated. And a new hero will be born. If he agrees with Bitcoin, then Bitcoin will survive. If not, they will develop new technology and leave Bitcoin or Blockchain technology.

Eildosa

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I don't think it makes sense to look that far and wonder what will happen in the future. The future is unpredictable and anything can happen. Perhaps there will be some kind of replacement bitcoin. We'll never know. But the price of bitcoin will not grow if there is no demand for it.

batang_bitcoin

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It is assumed that all supply will be mined by that year. And when it happens, most of the miners will continue to mine and they will do it to confirm transactions. That will be the time of scarcity for bitcoin, demand will increase for sure but we dont know what will happen next if we manage to live up until to that time.

leetcoiner

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Quote from: rich93 on July 11, 2019, 12:38:54 PM

It is not known what will happen in 2140, because the cryptocurrency is changing before our eyes and literally over the year the market can both fall and show new highs

I agree. Who ever thought of this particular year? Or maybe the next year he will restrain his existence or even be eternal like ordinary money. I believe in him.

Marble777

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if you have bitcoin you will become a billionaire but if you are still alive in the year 2140, honestly I can't imagine until that year even if bitcoin is completely used up in the mine it will not be completely used up. I mean if the number of bitcoins decreases, chances are that market demand is increasing or bitcoin users are unlimited due to their high value.

dearbesz1219

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There will be no more new mined Bitcoins plus you have to think about how many Bitcoins will be lost and then think about how many people could use it in the future = 1 million dollar is highly possible for 1 BTC if everything goes smoothly.

Ozero

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Quote from: Perindu on July 10, 2019, 03:41:57 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?

Bitcoin will not end in 2140, this is the ultimate date when all 21 million bitcoins will be mined. However, I think this will happen much earlier. Technologies are constantly being improved and either will find a way to extract bitcoins before this time, or the need to continue mining will disappear. The reasons for this may be completely different, including changes in technology and the transition of a cryptocurrency to a higher level of development.

Skieleton

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Quote from: Perindu on July 10, 2019, 03:41:57 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?

This year I will be dead so I'm not worried about it

. The fact is Bitcoin is very difficult to extract. The price of Biotcoin is unstable in recent years. It is impossible to predict what will happen in a year ...

rich93

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It is not known what will happen in 2140, because the cryptocurrency is changing before our eyes and literally over the year the market can both fall and show new highs

Pithaxz

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https://goldeth.io/

no one knows what will happen to bitcoin in the year 2140 later, but if bitcoin will really run out in the mine, the price will automatically increase higher because there will be many holders who sell it. and it will continue like that, demand and supply will continue.

adzino

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Quote from: zhekinsp on July 10, 2019, 04:14:11 AM

Quote from: Perindu on July 10, 2019, 03:41:57 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.

toast

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Quote from: aioc on July 10, 2019, 10:18:50 PM

Quote from: Perindu on July 10, 2019, 03:41:57 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?

This is what makes Bitcoin a great investment because of the absence of inflation, we are still a long way to 2140 all of us here are not living when that time comes and it's hard to make a prediction, 100 years from now, we do not know what would be the real picture on the internet or our life in this world would be.

but if it seems to me in a very long time, bitcoin is likely to run out but not everyone will hold the coin, because bitcoin is a very good investment coin for sale when the price goes up

dabenko

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How wished that this could happen. If it happens, i will like to witness it and not only that, but for me to have some at hand. The occurrence of such thing will bring about scarcity in btc and that will translate into extreme price increase. Perhaps, it might be the time that the threshold price of btc envisaged will come to pass.

deadsilent

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I think not. Even the last drop of Bitcoin is mined. Bitcoin will be circulating just like money. It doesn't make any sense if they even use it for something. Unless you keep it and you forgot it. For sure they will use it but something. Also it's not a big deal to me because we have mbtc and satoshis. If you can't buy a Bitcoin at that time, we have that denomination to choose. That's the purpose of making them. Just like Ether for ETH.

Thomas-s

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Quote from: creeps on July 11, 2019, 07:20:09 AM

Is there a typo here or you really mean 2140?
Honestly, i don’t see myself on that year so I don’t care anymore. Haha but base on the current circulation and the total supply, in the next 20years all bitcoin will be mined and the price will boom as expected, i wish to have more bitcoin that time.

This year 2140 has already been calculated and this year will be mined the last existing bitcoin. Technology is created by this way. read the whitepaper of bitcoin

Tungsten-1

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Quote from: omone1 on July 10, 2019, 10:29:11 AM

This is when block rewards for miners will stop, which is still pretty a far years to come. So miners will have to rely on transaction fees as a reward to keep the ecosystem running, before then, the price of bitcoin must have been high and reward will remain very attractive for miners.

We do not know anything right now. Why Bitcoin supply is limited is a question. Would some Satoshi Nakamoto be able to increase the number of supply again is yet another question. But according to the facts so far, Bitcoin will be available to be mined and only the Bitcoin is circulation would the Bitcoin in existence. But yes that is long time from now.

baeva2

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By 2140, the last bitcoin will cost an astranomic amount of money and hardly anyone can buy it. Perhaps the extraction of the last bitcoin will occur much later end due to the complexity of the extraction. No one can give accurate predictions.

Convery

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Miners will get rewards from mined blocks only from fees. That means that only 2 possible scenarios: 1. High fees in BTC value or 2. Low fees in BTC but with high USD value.

Ucy

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Compare rates on different exchanges & swap.

If what you mean by "running out" is that no new bitcoin will be created by 2140 then it definitely will run out. But a constant growing price (deflation) and a new mining fees will compensate for this.

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