Only 6 million bitcoin be left to mine

[6millionleft]

Hold on to your hats bitcoins success will be sooner than u think

[unamis76]

Quite a few coins still to be mined... But one thing I agree, we'll be there in no time

[NorrisK]

Wow, I didn't realize that before...

Come on, what do you want to say with this?

I agree on the part to hold on to our hats though!

[Zawamiya]

Hold on to your hats bitcoins success will be sooner than u think

yes in future it will hard for new users to get a complete bitcoin when its price increases

[Amph]

mmh don't know isn't the same as everyone is not selling his coins = less coins in circulation = price should rise? but actually it isn't the case?

i can beat my ass that if there were no coins lost, the price would be the same as now, you need more than a limited supply to succeed...

[Clint]

Its harder for newbies to mine. I agree with you.

[gentlemand]

I think the supply thing often slips a lot of minds. There are insane number of new coins arriving every day. Once supply becomes a nominal figure we'll see what true deflationary effects look like.

[maokoto]

I think the supply thing often slips a lot of minds. There are insane number of new coins arriving every day. Once supply becomes a nominal figure we'll see what true deflationary effects look like.

Yes, many of us are hoping to see what will happen. I hope it to go up due to scarcity. And perhaps some more altcoin activity.

But who knows.

[sana9821]

these left bitcoins will be mined only after a few decades so the price might not rise a lot because of slow mining amounts though im not sure about this

[gentlemand]

these left bitcoins will be mined only after a few decades so the price might not rise a lot because of slow mining amounts though im not sure about this

By 2032 the block reward will be under 1 coin and inflation under 1%. Those figures are low enough to start deflating but only if there's the demand of course.

[Mickeyb]

I think the supply thing often slips a lot of minds. There are insane number of new coins arriving every day. Once supply becomes a nominal figure we'll see what true deflationary effects look like.

Yes, many new coins are introduced every day into Bitcoin network and it's quite impressive that we are holding our price in balance when you look at it more closely. New money must absorb these newly mined coins daily.

Then again just until halving we will have this accelerated issuance of the new coins and this is not so much more time. 6 millions to be mined on the other side is not that much at all. I wasn't aware either thats all that's left. Some exciting times in front of us!

[christycalhoun]

I wonder if the mining will be sped up in the future due to some sort of new innovations in processor technology.

[spazzdla]

Nope, 5 years min before we are above $500

[gentlemand]

Yes, many new coins are introduced every day into Bitcoin network and it's quite impressive that we are holding our price in balance when you look at it more closely. New money must absorb these newly mined coins daily.

Yup. There's two million or so more coins than there were at the 2013 peak. Again, not too many folks pause to think about that.

[gentlemand]

I wonder if the mining will be sped up in the future due to some sort of new innovations in processor technology.

The protocol is designed to mine steadily no matter what the standard of hardware is. That's one of its many strokes of genius. It would need an innovation in the code to speed up mining and as we've seen recently, introducing innovation is not a strong point.

[Mickeyb]

I wonder if the mining will be sped up in the future due to some sort of new innovations in processor technology.

The protocol is designed to mine steadily no matter what the standard of hardware is. That's one of its many strokes of genius. It would need an innovation in the code to speed up mining and as we've seen recently, introducing innovation is not a strong point.

Yes, I don't understand where people get these presumptions that mining can be sped up with the improvements in mining technology. This is already third post that is see this week that talking about this possibility.

People need to remember that Satoshi has designed algorithm keeping in mind what the possible technology can be in 50 years from now, since mining will last until 2140.

[darkangel11]

Nope, 5 years min before we are above $500

That's what people were saying when Bitcoin was at $100: "five years minimum until we're at $1000" 

[knowhow]

Well we can all try to say bitcoin will be at x value but well ,we dont control the outside even inside information of bitcoin development,on the next years sure new features will be coming into bitcoin,if it will one day return to 500 and 1000 dollars,as soon mines ends the demand and supply should start if not well there will be a restrited ammount of bitcoins being trade.

[Snorek]

Nope, 5 years min before we are above $500

That's what people were saying when Bitcoin was at $100: "five years minimum until we're at $1000" 

And we reached it price, even before that time, however it was only a short time, but bitcoin once was worth more that $1100.
That I am trying to say here is that with volatility of bitcoin there is no way to predict its price. Bitcoin price is capricious and susceptible to bad news.

[GermanGiant]

The last 7% of bitcoin will be mined over a timespan of 100 years, i.e. by 2040 93% bitcoins will be mined.