Your Thoughts on Future Investment After 21million Bitcoin Finish. - page 2.

Faisal2202

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Quote from: ? on November 28, 2024, 02:41:00 AM

Your Thoughts on Future Investment After 21million Bitcoin Finish

Good day everyone,I always wanted to make thread on this (21million Bitcoin in existence)but don't know if it was discussed before,however it depends on how everyone might view it in different perspective,to me I understood that the 21Million seems to the total number of Bitcoin going to be in existence from my research,so I wandered how?....For instance if the investor's eventually purchase them all(if possible)and all the bitcoin miners have mined the 21M finish,does that mean bitcoin is going to be scarce ?
If yes then how would upcoming investment be able to purchase it because if after the existence of 21M,bitcoin may be difficult to purchase in the future and due to the scarcity of bitcoin from my logic there will be increas in demand and obviously the value of each bitcoin could rise seriously.
What's your thought about this and how would the investment decisions will be in future?

Thank you'll for your helpful contributions

It will be difficult to puchase and send BTC from one wallet to another too unless you are using some L2 network, because the fee on the main net will be touching skies. And speaking of high rates I think now we are dealing in BTC, and there will be a time we will be dealing in Satoshies at bigger level because even now we are dealing in satohies but at lower scale like for small purchases. Maybe in future we will see news like MSTR bought another 0.5 BTC for 1 billion haha just kidding.

I also wonder what will happen to BTC when all the mining will end like on 2140 and after this year BTC miner will do what, they will surely make profits from BTC tx fee and that's why I said the fee will be high. Unfortunately very few people can live till 2140 most of us will be gone but we will be leaving some assets to our next generation so they could also enjoy the feeling of having at least few BTC.

terrific

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Yep, that's law of supply and demand in there brother. But not everyone is going to hold it forever and the miners are going to mine to confirm transactions if there is no more Bitcoins to be mined. This isn't a problem for us to be too worried with, mining 21million of Bitcoins will get more than a century from this time and that's why you don't worry about matters that you're not going to take care of. Let the future get on it because we'd be dead by that time if it happens. However, there goes the technical explanation that you have known too.

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Quote from: ? on November 28, 2024, 02:41:00 AM

Good day everyone,I always wanted to make thread on this (21million Bitcoin in existence)but don't know if it was discussed before,however it depends on how everyone might view it in different perspective,to me I understood that the 21Million seems to the total number of Bitcoin going to be in existence from my research,so I wandered how?....For instance if the investor's eventually purchase them all(if possible)and all the bitcoin miners have mined the 21M finish,does that mean bitcoin is going to be scarce ?

Technically, last Bitcoin could be mined around 2140, so I don't know if we are still here. However, we really don't need to wait for that, as maybe in the next 3-4 halvings, almost all Bitcoin could have been mined, 99% for it or around 20 million BTC. Currently, it stands at around 19,788. So it will really be scarce in the next decade or so and obviously, based on supply and demand, price could really spike and we could only imagine what will be the price.

So as a investors, it's obvious that we should really go long term here. If you are not familiar with DCA method then used that to buy and then HODL for as long as you can because the price is going to increase in the future.

"Look for the bigger picture".

?

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I also wonder about this one: As I understood, we have a limited supply of 21m BTCs. But will we have this many?

Nowadays, there are some cases when people forget their private keys, which means, technically, the actual supply can be less. Just googled: Some studies estimate that up to 20% of Bitcoin may already be lost forever, which effectively reduces the circulating supply.

Correct me if I'm wrong, thanks.

coolcoinz

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First of all, I don't care what will happen when all the coins are mined because I won't be there to see it, nor will my children.

Bitcoin is already scarce. We don't need for it to hit 21m! Also, the last few coins are going to take many years to mine. You're going to be at 20 million 900 something for decades. Do you think people won't decide if bitcoin has won by then, but instead will continue to wait for 21m to be reached to make their move?

The way I see it. bitcoin's future will be decided in the next 10 years and all the big corporations will decide what to do in that period.

Doan9269

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Quote from: ? on November 28, 2024, 02:41:00 AM

Your Thoughts on Future Investment After 21million Bitcoin Finish

My thought regarding this is that the value of bitcoin would have also increased to a reasonable extent, there is nothing to fear about its future because everyone including the investors and miners will all be benefiting from it and by then, it would have been increased more than ever before, there is hope in this currency and that is why you could always discover for more interest on its investment, because people feels more safe and secured with bitcoin than any other investment.

Miles2006

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Bitcoin scarcity is not an option tho also if this ever happens perhaps 21M bitcoin has been purchased those who wasted time will be the ones regretting. For any reason hoarding bitcoin might be consider the least thought anyone could think off especially investors holding for long, like we’ve seen a lot of investors buy and hold yet they end up selling after making profit. Bitcoin buying and selling is just a continuous activity that’s why it’s difficult yet for future purpose seeing how bitcoin gained popularity others might be tempted to hold for long, at this point if they can’t purchase bitcoin why not try the dca using little amount.

FortuneFollower

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Quote from: tbct_mt2 on November 28, 2024, 09:41:18 AM

Quote from: Apocollapse on November 28, 2024, 03:02:19 AM

That's the reason why not everyone can be rich.

If you can buy bitcoin, get bitcoin, and can hold it, you can be rich.

And if you can be rich - you can get more BTC.
Cool

fikrett

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Quote from: Orpichukwu on November 28, 2024, 09:12:00 AM

Quote from: fikrett on November 28, 2024, 07:55:49 AM

Even if you hold for 20 years while accumulating during this frame (which would be around 3-4 natural cycles for BTC) - you would already be rich.
Cool

Holding Bitcoin for even 5-10 years alone should be able to give someone a profit better than saving your money on a local bank account with their fucked up rate as interest. The longer someone can hold bitcoin to me is always based on how much the person has and how much they can live without the amount they invested in it.

What matters most right now is what we can get and the profit that can be made. Why are we still on this surface? The rest, after all the bitcoin has been mined, should be something the next generation will have to worry about if bitcoin still exists and something of interest by then.

We should be thinking ahead and do what is in our power to be on the bright side of history.
Then we won't mourn and think about what - could - be done.

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Quote from: ? on November 28, 2024, 02:41:00 AM

Your Thoughts on Future Investment After 21million Bitcoin Finish

Good day everyone,I always wanted to make thread on this (21million Bitcoin in existence)but don't know if it was discussed before,however it depends on how everyone might view it in different perspective,to me I understood that the 21Million seems to the total number of Bitcoin going to be in existence from my research,so I wandered how?....For instance if the investor's eventually purchase them all(if possible)and all the bitcoin miners have mined the 21M finish,does that mean bitcoin is going to be scarce ?
If yes then how would upcoming investment be able to purchase it because if after the existence of 21M,bitcoin may be difficult to purchase in the future and due to the scarcity of bitcoin from my logic there will be increas in demand and obviously the value of each bitcoin could rise seriously.
What's your thought about this and how would the investment decisions will be in future?

Thank you'll for your helpful contributions

Therefore, don't waste your time if you finally realized that there is not enough bitcoins for everyone. Otherwise, everything will be bought by Microstrategy.

Btw, the available number of bitcoins will ultimately be less than 21M, due to the irretrievably lost wallets. This is another reason for you to hurry.

But seriously, the difficulty of buying bitcoin will depend on the investor's willingness to sell. If the majority hold, this will raise the price to unimaginable heights and there will be no talk of using btc as a means of payment.

But in general, the BTC-market itself will regulate everything according to the market laws of supply and demand. It is impossible for everyone to keep investments forever, which means that some will need to sell bitcoin, and others - to buy. Otherwise, it will be a "dead" market. The only question left is the cost.

Dr.Bitcoin_Strange

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If Bitcoin becomes more scarce in the future, it will cause the price to increase impulsively but that doesn't mean that new investors can not buy and own Bitcoin. The law of supply and demand did state that if supply is limited and deman increases, then price will increase. With today's market price, if any newbie wants to purchase 0.002 Bitcoin, they will spend $191.2 but if in the future when the price of Bitcoin have reached $500k, that same 0.002 fraction will become $1k and if any new investor can not afford it and therefore want to purchase $191.2 worth of Bitcoin, they will get 0.000383 Bitcoin.

So, as price increases, so shall quantity to be purchased by new investors will decrease.

tbct_mt2

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Quote from: Apocollapse on November 28, 2024, 03:02:19 AM

That's the reason why not everyone can be rich.

If you can buy bitcoin, get bitcoin, and can hold it, you can be rich.

Quote

Only people who have money can buy Bitcoin, while most of people are struggling to meets end their needs.

It is like if we want to have money, we must get it from our parents, family or from working and salary. The same with Bitcoin, if we want to get bitcoin, we can use our money, sell our house, land, any asset and convert it to bitcoin by buying bitcoin, or we can work for salary that can be received directly in bitcoin or in fiat that will be used to purchase bitcoin.

Receiving bitcoin as salary is a way to get bitcoin, without buying it. Many companies with Bitcoin acceptance, don't purchase bitcoin, but they sell their products to customers, and receive payments directly in bitcoin.

Quote

However, are we still survive in 2140? I really doubt it.

I don't care about it because I won't live long till 2140.

Orpichukwu

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Quote from: fikrett on November 28, 2024, 07:55:49 AM

Even if you hold for 20 years while accumulating during this frame (which would be around 3-4 natural cycles for BTC) - you would already be rich.
Cool

Holding Bitcoin for even 5-10 years alone should be able to give someone a profit better than saving your money on a local bank account with their fucked up rate as interest. The longer someone can hold bitcoin to me is always based on how much the person has and how much they can live without the amount they invested in it.

What matters most right now is what we can get and the profit that can be made. Why are we still on this surface? The rest, after all the bitcoin has been mined, should be something the next generation will have to worry about if bitcoin still exists and something of interest by then.

fikrett

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Quote from: Apocollapse on November 28, 2024, 03:02:19 AM

That's the reason why not everyone can be rich.

Only people who have money can buy Bitcoin, while most of people are struggling to meets end their needs.

So, if you have money you don't know you need to use for, just invest in Bitcoin and forget it, but once you check your investment in the next few years, you're already in profit.

However, are we still survive in 2140? I really doubt it.

Even if you hold for 20 years while accumulating during this frame (which would be around 3-4 natural cycles for BTC) - you would already be rich.
Cool

serjent05

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@OP Why thought of a future investment when you can invest in Bitcoin right now? Let alone thinking of investment after Bitcoin is fully mined which is expected on the year 2140. I believe we are all goner by that time. So whatever our plan for the future investment when Bitcoin is fully mined cannot be executed by us. Let the next generation plan it for themselves and let's just enjoy the benefit Bitcoin currently offer.

Btw, Bitcoin is openly traded, so if you are concern that you can't buy Bitcoin by that time, then your concern is in vain because as I stated, we are all gonna be a gonner by that time. But sure the future generation can still buy it as long as Bitcoin is traded on the exchange.

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I don't understand the fear or concern.. I believe, it’s unrealistic to think that Bitcoin's price will increase simply because investors are holding onto it, nope.. the main driver of Bitcoin’s price is demand, and that demand comes primarily from people using Bitcoin in their daily lives, not just from big investors who buy and hold.

As long as exchanges maintain good liquidity, there won’t be any issues with daily transactions. Plus, investors aren’t naive; most of them are seasoned experts who understand how to balance supply and demand without undermining Bitcoin’s core purpose: decentralized transactions. The point is, more transactions lead to a more stable network, which ultimately drives greater adoption and long-term growth.

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Quote from: franky1 on November 28, 2024, 04:50:36 AM

Quote from: ABCbits on November 28, 2024, 04:17:50 AM

It doesn't matter, since i doubt most of us remain alive for another 116 years. But assuming Bitcoin is still alive by then and use PoW, miner still receive income from TX fee where they must sell some of it to cover their operational cost. So there's always small amount of available supply.

right now the core-dev-politics are supressing and limiting the tx count of a block to average ~4000tx a block. we should have begun true scaling many years ago.. but lets assume they continue to be idiots for 100+ years and transactions are still averaging 4000tx a block in 2124
there will still be some mining reward where each block offers 9 sat mining reward and if tx was 1sat each, 4000sat tx fee total

however we should be at a higher tx count per block by 2124+ so there would be more sat on offer to fund mining from fee's
we should not fall for the core-dev-politics shady games of forcing people to pay more sat per fee(limiting txcount), we should have more tx per block to cover block total fee for miners..

If you're going to bring block size limit, we might as well as talk about default minrelayfee. While previous suggestion to reduce the default from 1 sat/vB into 0.1 sat/vB was rejected[1], there'll more pressure to reduce it if Bitcoin price keep increasing.

[1] https://github.com/bitcoin/bitcoin/issues/14012

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Quote from: _act_ on November 28, 2024, 02:55:39 AM

Bitcoin can not be difficult to purchase. Even 1 sat is relevant. If bitcoin become scarce and its price increases, the quantity that individuals will purchase will be small because of the high price but everything will be normal as usual as they will still be able to purchase the right amount that they want to purchase.

Lots of people and now entities, governments following suit as well, are holding bitcoin but not all of these will be holding bitcoin all the time. Some individuals might want to sell for profit or maybe use it to purchase something. So, no need to worry about not being able to buy. However, it will be difficult only because the demand for each sat or bitcoin would be extremely high and you might need enough funds to do so.

It can be reduced as well if the concept of bitcoin being a currency instead of an asset to be held was strengthened. Lots of bitcoin enthusiasts are pushing for bitcoin to be a mainstream currency in many countries.

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Quote from: ABCbits on November 28, 2024, 04:17:50 AM

It doesn't matter, since i doubt most of us remain alive for another 116 years. But assuming Bitcoin is still alive by then and use PoW, miner still receive income from TX fee where they must sell some of it to cover their operational cost. So there's always small amount of available supply.

right now the core-dev-politics are supressing and limiting the tx count of a block to average ~4000tx a block. we should have begun true scaling many years ago.. but lets assume they continue to be idiots for 100+ years and transactions are still averaging 4000tx a block in 2124
there will still be some mining reward where each block offers 9 sat mining reward and if tx was 1sat each, 4000sat tx fee total

however we should be at a higher tx count per block by 2124+ so there would be more sat on offer to fund mining from fee's
we should not fall for the core-dev-politics shady games of forcing people to pay more sat per fee(limiting txcount), we should have more tx per block to cover block total fee for miners..

Felicity_Tide

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In as much as there is going to be some form of scarcity as the mining reward keeps reducing, I don't think it will be that bad to the extent that people won't be able to make purchase (though large purchase might not be possible). My reason for saying this is that, I believe no one will hold their Bitcoin forever. Whether now or later, people will definitely sell from their holdings, while others will buy. I believe the market will continue to go in this pattern (of buying and selling), but I've a serious doubt if buying large quantities that some companies do now, will be visible then.

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