Bitcoin Forum
May 25, 2024, 11:23:02 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Only 6 million bitcoin be left to mine  (Read 2540 times)
n2004al
Legendary
*
Offline Offline

Activity: 1134
Merit: 1000


View Profile
October 08, 2015, 02:31:49 PM
 #41

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

That's mean that we must do more to spread more it (even this amount will need about 110 years to be mined) and that the price will go high (even this amount of bitcoin will be mined in so mush time). See here for more: https://en.bitcoin.it/wiki/Controlled_supply
gentlemand
Legendary
*
Offline Offline

Activity: 2590
Merit: 3013


Welt Am Draht


View Profile
October 08, 2015, 03:19:40 PM
 #42


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

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

I might still just about be alive by then. It might be enough to finance a tin bladder and penis implant. That'll do me.
knowhow
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500


View Profile
October 08, 2015, 10:29:50 PM
 #43

Well as i know people are living more year by year currently there is people with 80 ,90 and 100 years old soo ,on the next years we could be alive with 120 years or even more ,no one can predict how long we will live.The demand and supply will only work with intest and new investors or big investors getting inside ,otherwise the same people holding bitcoin will moove it but slowly.
ROT13
Full Member
***
Offline Offline

Activity: 169
Merit: 100



View Profile
October 09, 2015, 12:11:56 AM
Last edit: October 09, 2015, 02:24:44 AM by ROT13
 #44

As of right now approx every 10 mins a new block is mined and 25 new bitcoins enter the economy. That means at the current price its market cap grows by around $6000 every 10 minutes, $36,000 every hour, $864,000 everyday. 

Taking the date Jan 9 2013 as a comparison we had the same rate of growth with a price of $13.77.  This meant growth of around $344 every 10 minutes, $2065 every hour, $49,572 every day

Everyone of these that is sold by miners at the current market rate to pay their bills needs a buyer.  When there are not enough the price is likely to drop, and when there are large numbers the price is likely to rise. Even half of $864,000 entering the market every single day means allot of additional demand is required to soak up the inflation to maintain the current valuation in fiat. 

The behavior of the bitcoin/fiat market is of course anyone's guess but when you look at these numbers it's not hard to see how there is a high possibility for the price to remain in this zone or lower for some years to come, barring some event that encourages a significant upturn in the rate of adoption.
Chef Ramsay
Legendary
*
Offline Offline

Activity: 1568
Merit: 1001



View Profile
October 09, 2015, 01:35:42 AM
 #45

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"  Roll Eyes
It could be a devastatingly low in said time period, much like what the upper-mid hundreds were in recent times that we've all seen. Yet, the bubble range will likely be beyond most interested peoples' comprehension at this point. If your expection point for bitcoin is this meager in 5 years, you're either delusionally aghast or downright stupid and I wager the latter. We're about to get rowdy and the masses will give us a boost you've never scene nor thought possible.
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!