Only 6 million bitcoin be left to mine

[twister]

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.

This is very true and a great point. If this weren't happening the price would have been dropped significantly and this tells that the future of Bitcoin is bright, that people still have faith in it and the price might increase at the next halving? because the flow of coins to bitcoin network will get slow and if the money coming in remains/increase, the price will go up because more demand, less supply equals to price increase ? cmiiw.

[Pab]

after halving only 1800 btc per day will be mined,cost of electricity will rise.On other hand btc is still very much unsecure.It is very easy to scam network

[1Referee]

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.

This is very true and a great point. If this weren't happening the price would have been dropped significantly and this tells that the future of Bitcoin is bright, that people still have faith in it and the price might increase at the next halving? because the flow of coins to bitcoin network will get slow and if the money coming in remains/increase, the price will go up because more demand, less supply equals to price increase ? cmiiw.

It's not what it looks like. Mining pools don't dump their coins every day on exchanges. If that would happen, we couldn't maintain even the $150 price level. There is very little money flowing into Bitcoin at the moment, with that I mean the coin and not the millions that are being invested in Bitcoin related startups.

[pepto]

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.

This is very true and a great point. If this weren't happening the price would have been dropped significantly and this tells that the future of Bitcoin is bright, that people still have faith in it and the price might increase at the next halving? because the flow of coins to bitcoin network will get slow and if the money coming in remains/increase, the price will go up because more demand, less supply equals to price increase ? cmiiw.

It's not what it looks like. Mining pools don't dump their coins every day on exchanges. If that would happen, we couldn't maintain even the $150 price level. There is very little money flowing into Bitcoin at the moment, with that I mean the coin and not the millions that are being invested in Bitcoin related startups.


I think I'm going to have to think about these things for a long (too long, huh) while.
I always curse when I see a 'dump' on bitcoinwisdom. (the tall red candally thing down low that says you're a loser). I always blame it on one person because it's easier than understanding. 1200 coins, you piece and you dropped the price. Fortunately price generally comes back to where it was intending to go anyway. Funny part is that I'm likely a million times off in my estimation of what's moving things.


 

[johnyj]

If bitcoin reach mass adoption, miners can always charge fee to get more coins, maybe more than 10 million bitcoins

https://bitcointalk.org/index.php?topic=1201304.0

[7788bitcoin]

after halving only 1800 btc per day will be mined,cost of electricity will rise.On other hand btc is still very much unsecure.It is very easy to scam network

Bitcoin is secure. Just need educated users. Scams are not unique to bitcoin.

[TheGr33k]

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

I personally will be a little bit nostalgic when all the bitcoins have been mined.
It will feel like a new-age for the bitcoin network, and a time for changing our entire mind-set about mining.

[coinplus]

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" 

Yes no one was right in predicting bitcoin price. As bitcoin is the new technology and still in testing phase, it's highly vulnerable to sustain on the event of bad news.
In the first halving bitcoin was around $12. So, in 3.5 years within 2nd halving it raised and sustaining by 20 times. In between peaked to $1200. So, we can expect more than these things before 3rd halving.

[tokeweed]

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.

A lot of the people here will be too old to enjoy their loot.

Most of you guys are 40 - 50+ y/o I think.

[neonshium]

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.

A lot of the people here will be too old to enjoy their loot.

Most of you guys are 40 - 50+ y/o I think.

Yes age is not a problem for better life. In fact we need a better life when grow older than before. All the bitcoin holders must deserve a better life just because of their early adopting bitcoin. Many people hold bitcoin for their next generation like Bill gates did for his next 25 generations.

[gogxmagog]

We'll see the beginning of the deflationary effect at the halving next year. Should be a nice spike and a hint of things to come. People are pretty predictable. The theoretical reasons for btc's utility are lost on most. It's more when they see the price rise the new money rushes in then a bubble effect happens.

[makerofall]

It means already 15 million coins in circulations. It must be better achievement with a sustained prices with large amount of coins in action. A stable price is the symptom of peaking.

[TheGr33k]

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.

A lot of the people here will be too old to enjoy their loot.

Most of you guys are 40 - 50+ y/o I think.

I started poking around bitcoin when I was 17-years old, and I was too stupid to get any back then.. Now I am a little older and smarter and hopefully can reap the benefits that the future of bitcoin has to offer. I am planning on riding bitcoin for as long as the protocol will allow me to. Hopefully this is the rest of my life, but nobody can know what the future will bring. Regardless, Some of us are a little younger than 40

[Kakmakr]

I am also curios to know how the halving will affect the Bitcoin price next year. In theory, if all mined coins are sold after they were mined and it continue after the halving, the supply would be 50% less and the demand will be 50% more. So we should see a 100% increase in the price.

That is, if all mined coins are sold or converted to fiat immediately after it was mined and not held. If they hodl these coins, the demand should be higher and the price should reflect that too. In theory.

[mookid]

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.

And that is because currently bitcoin is another tool for speculators to make profit, it's the only reason why Bitcoin is semi-popular today, we need a better ecosystem, something that enables bitcoin to grow as a currency/commodity, how often do we see scam accusation, scandals or schemes? that's because bitcoin as become a very popular way of wiping peoples money.
This current meta of "altcoins" isn't helping either.

[worhiper_-_]

Now wait for the halvening and see how mining could change forever. If the price keeps declining, I'd expect that big mining would gradually start becoming a thing of the past. Or maybe more efficient asics will be released to the public   so profitable mining can still be a thing.

[tiggytomb]

It will be interesting to see what happens, will it reach the heights it has previously? Perhaps, it will get harder for people coming into Bitcoin now to make any impact by mining, better buy them up whilst they are relatively cheap.

[BitmoreCoin]

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" 

The prices increase depends on adoption.

[Denker]

Nope, 5 years min before we are above $500

What?Are you serious? I don't believe that.If we can solve the blocksize issue hopefully soon we can continue to grow and progress.In 5 years I expect being in 4 digits at least.

[Febo]

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

Why dont you start counting to 6 millions and when you finish tell us if 6 millions is a lot or little.