Bitcoin Forum

Last BTC will be mined on May 7th, 2140

What else reason do you need to know that BTC is the future?

I imagine 1 BTC might value then 50-100 Millions a coin, looking at the USD inflation rate.

You might say that's too far away, but 1M a coin is something you can see in your lifetime.

With BTC you have to think think medium to long term.

Short-term thinking is your worst choice, don't have weak hands, you will regret later for cashing "pennies" now.

What else?? A lot of ... fixed supply is not the only factor of grow. There are a lot of coins that are already 100% minted (like BNB that in fact is deflationary starting from first day). 

All other coins are copycats. Without BTC none would have existed.

it IS too far away. 100 years ago monetary systems weren't even remotely like what they are today. heck 11 years ago things weren't like this (before bitcoin revolutionized it). in a 100 years from now things won't be like today either.
whether we are talking about the price then or the mining reward, it is impossible to predict both.

I second your opinion! Limited supply and scarcity model is not the only driver of growth! Organic adoption and usability are also major players behind its growth in which we are currently lagging behind. Still we have a lot of countries where bitcoin is not legal or the legal status is confusing. These are bottlenecks towards organic growth which may (or may not) eventually sorted out in future.

Also 50-100 million sounds like bit too much bullish, at least to me!

You think about Bitcoin 119 years from now, this is too much.

There is no reason to know for the next 119 years, this is too far for you to talk, why don't you talk about Bitcoin now or the next 2-3 years.

I asked the fortune teller for the year 2140, everything will disappear, no Bitcoin and no more humans on this earth.
There is nothing to worry about anymore.

Keeping 1 whole bitcoin for your kin or your descendants for good measure is always good. Trading up your btc into fiat every now and then due to your needs is also not bad, considering that almost everything right now is still tied to fiat, and there’s little to almost no merchants that will accept bitcoin as a form of payment. They’d rather stick to fiat currencies for payments rather than try to dive into bitcoin this early without much protection on their favor.

For the next 100+ yrs, it’ll be very difficult to predict what will happen. Whether bitcoin is still existing, or the humans are not.

Says who? Satoshi Nakamoto? No one knows when the last bitcoin will be mined. If we assume that bitcoin will be used just like today on the year 2140, then it is calculated that one month around that year the 34th halving will occur. No one, obviously know when exactly. I don't know how you assumed that it will be exactly on May 7th.

Nah, I don't believe that bitcoin will ever reach that much. Maybe some millions, but this is a madness.

True.

I think 1 BTC will be worth 1 BTC in 2140, and USD will only be in history books and antique collections.

main part of such a big rise is not about bitcoin itself rising up in value but it is all about dollar losing its value due to its inflation. consequently you have to pay more dollar to buy bitcoin similar to buying anything else with dollar.

It's not madness it's called inflation.

My 2140 price prediction: I predict 1 BTC will be worth 20 million dollars due to the fact I have no idea what I'm talking about.

What will the world be like in 2140?  Will people use money in the future? 

In fact, money is not needed to distribute the goods (works, services) created by society among the inhabitants of the Earth.  Perhaps in the 22nd century, people will earn reputation tokens by doing good deeds.  The more reputation tokens you have on your balance sheet, the more goods (works, services, goods) created by society are at your disposal. 

Maybe in 2140 Bitcoin will stop being money?  Perhaps it will be one of the many virtual reality Internet protocols.

I of course agree that in theory all of this is linked to the halving.
but maybe some of those who still participate in crypto at this time do not necessarily still exist and may also have carried out other activities, it is still too far to predict things that might change at any time.
just now this year all predictions are many different and no one can determine the truth even though they are sure.

Broadly speaking, there are people who believe that this year bitcoin will reach $ 100K but why are there still many who do not dare to invest directly, because seeing the situation if the price is high enough is certainly very risky and of course as a trader it is not very good to do, better to wait well enough to buy when it really goes down. how to traders told to save until 2140.

That's possible if bitcoin is still existing by that time. Just imagine that we're already 18.6 in total supply that has been mined. As we approach the total supply limit, the mining process gets more difficult and the miner rewards are getting lesser which will trigger to make the prices very high. It's already enough for me to keep until it reaches $100k - $1M. I won't even be witnessing to see the last bitcoin to be mined, I mean all of us in here.

I don't think you understand how mining works. The difficulty is adjusted every 2016 blocks and it is proportional to the total hashrate of the network. Bitcoin could get way easier to mine then due to the perceived lower block rewards or it could be harder if the transaction fees and the price of Bitcoin outweighs the cost of mining. The cost of mining does not usually affect the market price of Bitcoin, the supply and demand dictates the price movement.

Eh, believe in what you will. You won't be alive to see it. Bitcoin could be replaced by something better for all you know.

What is clear is that this thought has gone very far, I really agree with you that we will not know what will happen a hundred years later whether the successor will indeed continue to run or maybe there will be a new system more than crypto so crypto is abandoned. things are too far from going that long, as most of the existing ones may not have existed.

The most important thing is of course whether this year's prediction is because there are still many mysteries that will happen and it is better to be used as a review that might be more useful, but it's not that the information is not needed, all the information is of course very important to know.

Sadly, I don't believe in fortune-tellers but I do believe in ever-developing technology. If the fortune-teller ever saw the future then he could have bought Bitcoin in its early stage and had stop fortune telling for a living.  Though I agree that 2140 is way too far for us to be a concern, we should be worrying about how we can take advantage of the opportunity that Bitcoin has to offer right now.  And I saw the sarcasm on that post  ;D.

Yes, but that number seems to be too far away. The day that bitcoin will reach 50M dollars must be before the day that companies will have computers strong enough to brute force an address with success. Even if it's mostly unlikely to happen in the distant future, human is dangerously smart creature. If that day never comes, then bitcoin can easily reach 50M by 2140.

Is more than 100 years from now and the only reason for mining would be for transaction, actually I dont understand that aspect has been stated. At the early stage of cryptocurrency we may not know the changes that will happen in the space but a lot of people still believe bitcoin wont rule forever. The population would have grown more and we have less than 5 million bitcoin traded, at a point the space will try something else when the decentralized state of bitcoin is obvious and selfish

Just for argument sake i will agree with you that the price of bitcoin will reach $100 millions per coin because of the USD inflation, what i would like to know is that what will be the transaction charges you will be planning to input when the price rises those valuation, common sense says that it wont be cheap either and who in the right mind will be making the transactions  ;D.

As far as the last bitcoin mined, I don't think we need to wait though, perhaps our best gauge could be much early, I would say 2038, we would say that "almost bitcoin are mine".

Currently, we're almost at 19 million mine, and in 2038 closer to 20 million, and then the last million bitcoin will be mine after that.

In also coincides with this:

https://en.wikipedia.org/wiki/Year_2038_problem

there is nothing to worry about even though BTC will end up being mined in May 7, 2140, in my opinion the most important thing is the price of BTC which is still valuable.  don't think about anything too far, in 2140 everyone alive at this point died in that year.

in 2140 everyone alive at this point died in that year.
[/quote]

RIP !  ;D ;D ;D

Here's my thinking: the rate at which bitcoin is growing is somewhat exponential, however even if say one bitcoin is worth one million each, it is very possible that the normal cost of living and everything else in the economy is also same.

Realistically speaking, a lot of shit is to happen in the next 119 years. So for all we know the worth of bitcoin might not matter at all. Mind you people are noticing and carefully studying bitcoin and it's impact, there are going to be cunts who would do anything to stop it/ban it/ try to ensure the whole concept of bitcoin dies within itself. Less likely but very possible.

It would be interesting to see how the next generation, or the generation after is going to handle bitcoin and everything that falls with it.

If crypto space carries out as up to now we'll have more than 250,000 altcoins  ;D

On one hand it is good to hold Bitcoin and on the other hand, if you are faced with issues that you don't know what to do, or out of cash, selling some of your Bitcoin can also be a good idea and of course, shouldn't come with regrets, therefore I think everyone have the right to sell whenever they want or to hold as much as they can. Nevertheless, 2140 might look far but I believe before then, more usage of Bitcoin in various ways will be witnessed, that is to say, more adoption would have been realised. Also, the price Bitcoin will attain is still unknown, anything anyone says is mare speculation, however, holding towards the future is always a good way to get prepared.

One thing that I am sure with Bitcoin is that in the future it is either it is so much valuable of a digital asset or it has nothing at all. Let's hope that Bitcoin will continue to be the prime choice for a cryptocurrency and not trampled by something much better. In case, the world will continue to like Bitcoin and investors are shouting their trust and confidence into it then there is no question that one day it can even go beyond the million-dollar mark. Now, in the scenario where the USA economy is decimated and already overtaken by another country (or a group of nations)  where regulations are making it a restricted asset then maybe it might not blossom as we wish it should be. anyway, the point is that nobody can really predict the future of Bitcoin and make it happen.

After mining all bitcoins, it can become the most defensive asset, far exceeding gold. But a hundred years is a very long period to talk about what could be. Technology does not stand still. They are developing and there may be another coin like bitcoin. Today, all that remains is to trust the science fiction writers, since even our conjectures we cannot check for correctness.

Is it true? I thought that the last bitcoin would be mined for the year 2024-2025? am I crazy with it? that is what I have seen from other members who commented on a topic asking about the last BTC, anyway, holding 1BTC or any amount  is a really good idea, bitcoin could still go up in the future, investing for a long term would give you huge profit in the future, it is possible that bitcoin could reach $100k this year.

2140 a long time ago is only 2021, my initial thought was not bitcoin, but whether I was still alive or died with age, maybe if bitcoin lasted until 2140 the price of bitcoin would be more than now, it could be 100k $ maybe more , and money doesn't mean everything switch to bitcoin,

Man 50-100 million a coin. You know I would have never believed this a few years ago, but now I think it could be true. (maybe not 100million :D) But it will take a while  ;D

The thing is when btc is this price, its utility as a currency deteriorates doesn't it? Like even satoshis would be worth a lot. Basic small purchases would have to be made via altcoins while btc market cap continues to dominate the market. This is why I think btc is more an asset, like gold, than a currency.