Bitcoin Forum

Will the price become more steady or will it continue to fluctuate as it does now?

AFAIK, every block solved/mined,the difficulties will be increased and the reward will be decreased, that's prevent bitcoin to go fluctuating
correct me if im wrong

I would assume that after every single coin is mined... Which will take ages of course, that the currency supply stabilises and the price will probably become steadier than right now because right now the currency base is still expanding.

But it'll still fluctuate, it'll just become steadier. Because right now the miners are dumping the coins to pay their electricity bills and after every single coin is mined they don't have to worry about that anymore ;)

I think that when more people start to learn about Bitcoin, the price is rise as the demand for Bitcoin will rise. When all Bitcoins are mined, I think the price will still rise as no more Bitcoin will come onto the market.

In more than 120 years from now? In the year 2104?  After we are all long gone and dead?

Why does it matter?  None of us will be around to use it.

Anyhow, it's impossible to predict what the world will be like more than 120 years from now, so there's no way to know how bitcoin will be valued.

Seriously, do you think people in the year 1890 had any idea what technology would be like today, or how people would use it?



Think they could have guessed what the 2015 value of their "tabulating machine" would be?

Thanks for the thoughts.  I was predicting that it would eventually become more and more steady.  Although we won't see this in our lifetimes, I sure do hope the concurrences take over hard currencies

two things will essentially happen

bitcoin will reach the so called "fee era" where one single satoshi will be worth a ton and miners can continue to have their profit because of fee

or bitcoin died long time before we can even dream about the 2140 year...

I think that after all the bitcoins are mined that there will be more demand for bitcoins since there are no more to be mined.

If there's going to be more demand I believe that the price will go even higher than it is right now. Sadly enough our generation of bitcoin users won't be living to see this day though.

What happens after all coins are mined is important if btc is to survive.  People won't but into btc of it isn't future proof, not of we are aiming to make it a currency  I know I read somewhere that transaction fees will be higher and paid to miners but I don't know if that would be incentive enough to have the same mining operations as at have now.

We expect the last block reward to be in 2140. Over 100 years from now. It could be argued that we would see the effects of zero block reward well before the actual day, like when block reward could not cover the costs of mining. I would imagine Bitcoin would be abandoned by then, moving on to a more complex revolutionary system.

We'll all be dead by then. Someone elses problem.

With the supply being limited it would be fair to say the price could increase. However this depends on a lot of factors
The bitcoin economy should be robust and flourishing

With this there will be less supply then demand and we can expect an increase.

After all bitcoins get mined, supply will be constant which i suppose will make price mostly stable. But price may be steady little sooner than all coined mined.

The price will sky rocket to the moon ;)
When all of the coin are mined we are stuck with that number of coin along with high demand, thus creating a rarity for bitcoin
That should be enough to pump the price ;)

What if we leave some bitcoins to our grandchildren in our wills? Don't you care how well provided for your grandchildren will be when you are gone? Our grandchildren will still be around to use bitcoin when we are long gone and dead, and if we leave a mess behind, they inherit it.

Sure, but this isn't a question about whether a mess is being left behind. This is a question about trying to guess what the exchange rate volatility will be more than 120 years from now on a deflationary currency.  Any answer is no more than a silly guess.  There's no way to know how (or if) future generations will value bitcoin or if they'll even continue to value bitcoin at all.

Here's a similarly silly question...

Will the exchange rate of gold be more volitile or less volitile between the years 2130 and 2150 than it was between the years 2005 and 2015?

If you can't answer this question with certainty, then are you concerned that gold might be leaving a mess behind for future generations to inherit?  How do you intend to fix this gold problem?

As the mining reward continues to half, a tipping point will be reached where transaction fee rewards will start to become the main incentive to mine.

i believe that till the time every single bitcoin will be mined the price of bitcoin will be several for a few decades already i hope that the price will not be as low as now and that it reach at least 10000 dollar per bitcoin

At first tx fees would be high but then they would start to get lower and lower as people begin to realise the worth of bitcoin.

Lol true but somehow I am still holding on to the thought that I will still be alive when mass adoption to bitcoin will happened. I hope I can leave this world knowing that my grandchildren are able to live of the bitcoins I have made.

Hopefully by then mass adoption has happened by the people. If it did then the demand will keep on rising since supply is limited.
Bitcoin will continue to grow in value, higher than we can imagine.

Unless bitcoin dies and everyone just leaves it for what is.

After every single bitcoin is mined, people of the future will look back at these threads with wonder and amusement and either thank their ancestors (us) for buying bitcoin or curse them for not buying bitcoin.

Price of bitcoin will increase because of the limited supply. Bitcoin will rise so high that only rich people will be able to buy bitcoins.

I would think it would become more steady as there are no more Bitcoin entering the systems.

I didn't read the thread so I don't know if this was already said, but this is what will happen.
Transactions have to be high enough to generate enough fees to incentivize the miners to continue mining or Bitcoin will die. Simple as that.

The only option to that is if everything from household appliances to cell phones all just mine to secure the network by default thereby eliminating the need for giant operations for mining and making difficulty a non-issue since the hash power will be so spread out and so large, it just won't matter about the trivial power consumption from each individual household.

This will happen in year 2140 or so.
To make a prediction for something which is that far away is almost impossible.
However if Bitcoin would still exist around that I assume it achieved to make the step of being a world currency.This would mean world adoption would have happened and billions of peole are using it.So the volatility wouldn't be as much as now, more the opposite would be the case.And transaction fees would take over the place for reward as there would be many millions of it each day.
Something like that would be a very positive any maybe naive to believe future scenario.

The bad scenario would be that Bitcoin disappeared and something else is in it's position.Therefore more explanations of what will happen regard the last mined BTC is not needed.

i guess bitcoin would be then a great currency in my opinion the price would be very stable right now and miners would get all the bitcoins from the fees that the senders pay for transactions and not from mining as they get it now though its still a long time to go till this happening

Rich people will be able to buy 1 bitcoin in the future. Poor people will be able to buy milli or micro bitcoins.

Either it will get completely accepted in the world and will get used as a currency itself with its own monetary value, or else we might witness the end of this never-ending technology...

I think the bitcoin will not end after all. It will evolve all the time. It can fork into several coins, all with the advanced features.