Will the price be stable? - page 47.

supermine

hero member

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Quote from: kjnfmplm on February 21, 2018, 06:44:56 AM

I remembered watching a video about bitcoins and the simple information that a beginner can understand. It says that bitcoin only has the maximum of 21 million bitcoins and 17 or 18 million has been mined.

What would happen if the very last block were mined? Will the value of bitcoin finally be stabilized?

Bitcoin can never have the stable price because its availability is much less which is 21 million.But as you said 70% of bitcoins were already mined still as per the calculation the last bitcoin will be mined in 2140,still lot of years to go because the mining difficulty level according to the blocks to be mined.But already there are about 3 millions bitcoins were lost because the holders who bought bitcoin at the early stages lost to keep their private key safely.
Still the bitcoin price can not be stable even all bitcoin were mined,yeah the supply will increase but at the time there maybe huge demand for bitcoin when compared to now,so the price will get more volatile in the future.

Useacoin

newbie

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The mining reward for each block gets halved every 4 years, so in the very far future, the reward for mining each block will be something like 0.000001 BTC.

Stan_The_Man

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If Bitcoin becomes an established currency, alongside the likes of $, £, € etc, and becomes widely used as some expect, then the price should stabilise a long time before the last bitcoin is mined.

Of course there will always be swings, and value will change over time, just like there are swings with fiat currency, the pound sterling lost 10% of its value overnight when the UK voted for brexit, that's quite an extreme example, but there are swings on a daily basis, more so when there are changes of things like interest rates, or even just an anticipation of changes.

In the future though, I don't think we will see the volatility that we see today (that is of course assuming bitcoin becomes a lot more established).

kelsiivo

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Quote from: kjnfmplm on February 21, 2018, 06:44:56 AM

I remembered watching a video about bitcoins and the simple information that a beginner can understand. It says that bitcoin only has the maximum of 21 million bitcoins and 17 or 18 million has been mined.

What would happen if the very last block were mined? Will the value of bitcoin finally be stabilized?

The prices have stabilized for last 2 months. However, there will be volatility for next 5-6 years.

Bodiul1975

newbie

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Do not stabilize anytime, if the demand of Bitcoin will increase, the price will increase and if the demand decreases, the price will decrease, so the price of bitcoin will never be stable, so we have to work to understand

leonora galvan

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Quote from: kjnfmplm on February 21, 2018, 06:44:56 AM

I remembered watching a video about bitcoins and the simple information that a beginner can understand. It says that bitcoin only has the maximum of 21 million bitcoins and 17 or 18 million has been mined.

What would happen if the very last block were mined? Will the value of bitcoin finally be stabilized?

well in my own opinion i would rather be watching for what they are doing,but as my sister told me the price of bitcoin now is in good sign it will never go down but it will rise up until they will put in a stable price.so you should have to hold your coin and sell it in a right way.

LovelyFLOWER

newbie

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Quote from: kjnfmplm on February 21, 2018, 06:44:56 AM

I remembered watching a video about bitcoins and the simple information that a beginner can understand. It says that bitcoin only has the maximum of 21 million bitcoins and 17 or 18 million has been mined.

What would happen if the very last block were mined? Will the value of bitcoin finally be stabilized?

As for me since the value of bitcoin is undetermined so that i donnot know every thing happening in bitcoin price even you have the last block you could not already hold the bitcoin world as even it is stablized so that i can say that you can never had ot because it is so underterminable and hard to give a conclusion but wait until the result.

Bodiul1975

newbie

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According to my knowledge, the economy of the country is not stable. To maintain the stability of the economy, the stability of the economy will be stabilized so that people around the world can sell Bitcoin investment to the credit card.

Sasuke102001

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Yea you read that quite right that the maximum bitcoins that can be mined is 21 million dollars and don't know about how much has been mined yet till now. A limit in supply will increase the demand and also an increase in price. Bitcoin is currently quite stable in recent days but not high in price and hopefully will increase in the coming days.

cryptonoel

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Btc price never stable its price depends on deamand and market situation

Quarantine34

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Quote from: MadGamer on February 21, 2018, 07:18:46 AM

Probably not as there will be no more supply. It should increase If the demand remains the same/increase. I wouldn't think much about it though, we would be all dead by then.

Yes, that will be the main reason, I think for now it will be stable, also we can see now the growth and the comeback of bitcoin, the price of bitcoin now is slowly increasing and that will be a good news to us.

boynegro

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Quote from: afanase on February 21, 2018, 07:43:15 AM

Quote from: kjnfmplm on February 21, 2018, 06:44:56 AM

I remembered watching a video about bitcoins and the simple information that a beginner can understand. It says that bitcoin only has the maximum of 21 million bitcoins and 17 or 18 million has been mined.

What would happen if the very last block were mined? Will the value of bitcoin finally be stabilized?

It will take 100 years or more from now till that happens. We will not be alive to see if prices are stable or not.

I think the Price will stability implies avoiding both prolonged inflation and deflation. Inflation is a rise in the in the general price level of goods and services in an economy over a longer period of time resulting in a decline in the value of money and purchasing power.

Awraawra

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Quote from: kjnfmplm on February 21, 2018, 06:44:56 AM

I remembered watching a video about bitcoins and the simple information that a beginner can understand. It says that bitcoin only has the maximum of 21 million bitcoins and 17 or 18 million has been mined.

What would happen if the very last block were mined? Will the value of bitcoin finally be stabilized?

if you are a bitcoin lover and if you want that the price will be stable you have to trust your self and your work.and you must trust bitcoin because bitcoin will never fall you down,it will brings you up and some day bitcoin will made you an instant millionaire.

764y111

newbie

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find mining is not feasible now, many of my friends have sold bitcoin diggers and more to the next limit it takes a long time. Therefore, bitcoin prices will increase when there is more to buy but the quantity does not increase too much

CryptoFanholic

newbie

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yeah I expect stable price till April when usually bitcoin turns bullish

eann014

hero member

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I think it will not going to be stable, as long as there are miners and there are traders bitcoin price will not going to be stable because as I can see and as far as I know, bitcoin price is also depend on users.

h0lybyte

hero member

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Because of bitcoin's finite supply, there would be no work for miners other than to be relying on transaction fees in order to keep themselves active and justifiable in the bitcoin market. This is also a hint for miners to cause the network fee so high, the demand would definitely increase but stability may be as usual as some people might not like to use bitcoin due to highest transaction fee after increment in fee

mOgliE

legendary

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Hi,

Nobody can be completely sure in answering your question, but indeed, I think this could help.

If you consider the current situation, people are trading a lot, betting on winning large... And it is quite logical. There are upcoming forks and bitcoin are mined everyday. So it is logical to trade.

Though, once everything has been emitted... Well, I would find it logical for the price to be rather stable (after a possible chaos of the delivery of the last pieces of bitcoin).

sorehammer

sr. member

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BTC is very volatile,its price is stable between figure $9000-$11800 for last two weeks,price fluctuations is done withing this figure.After good news from Japan,China,South Korea,US the price of BTC is no more falling down but increasing on daily basis,which is a good gesture for future of BTC.The above mentioned factors directly affect BTC,BTC price plummeted since start of 2018 due to some bad news regarding regulations,ban,different financial institutions barred its customers using credit cards for BTC trading,so these factors circulate in the news for some time due to which BTC price was falling down.But now the pump up period has started,more investors will be attracted in coming days,as a result of which price will increase.

joshua05

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Rookie Website developer

even if we want that bitcoins pricing will be stable, we really cant tend to stop it, sometimes we want higher price or higher value, but as we can see, many would down their investment if it would remain to its natural stability. So its safe to say it would be better if its non stable, just for my own opinion.

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