CryptoFlare (OP)
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December 24, 2016, 05:47:50 PM |
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Well. .as of October 4, 2016 the bitcoin in circulation is 15,873,063 BTC in circulation in economy.. It is said that currently there are 25 new bitcoins mined every 10 minutes. Well there's also a fixed limit of its circulation that is 21 million BTC. This means there won't be ever more than that.
So, after the production of BTC will reach its full extent of 21 million BTC, will the bubble burst? And bitcoin will come to an end? And other cryptocurrency will take its place??
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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OmegaStarScream
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December 24, 2016, 05:57:38 PM |
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It's actually 12.5 BTC since the halving block reward happened last july and each 4 years It should continue to get halved. miners will get the fees instead of block rewards and that should make our bitcoins cost more since no more are being mined logically. If bitcoin doesn't get developed over the years then definitely a new altcoin could take its place. All bitcoins should be mined by 2140 and we would be all dead so you shouldn't care much anyway.
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CryptoFlare (OP)
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December 25, 2016, 03:26:15 AM |
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It's actually 12.5 BTC since the halving block reward happened last july and each 4 years It should continue to get halved. miners will get the fees instead of block rewards and that should make our bitcoins cost more since no more are being mined logically. If bitcoin doesn't get developed over the years then definitely a new altcoin could take its place. All bitcoins should be mined by 2140 and we would be all dead so you shouldn't care much anyway.
yes bro .. |
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Sled
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December 25, 2016, 04:05:18 AM |
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It's actually 12.5 BTC since the halving block reward happened last july and each 4 years It should continue to get halved. miners will get the fees instead of block rewards and that should make our bitcoins cost more since no more are being mined logically. If bitcoin doesn't get developed over the years then definitely a new altcoin could take its place. All bitcoins should be mined by 2140 and we would be all dead so you shouldn't care much anyway.
Great information  . That's one of the best thing about bitcoin even though it experiences dump on its market price it still good for long term because every four years bitcoin halving will happen it will reduce the bitcoin supply and the it will increase the mining difficulty which will help for the price to spike up again  . |
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pooya87
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December 25, 2016, 05:16:12 AM |
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Well. .as of October 4, 2016 the bitcoin in circulation is 15,873,063 BTC in circulation in economy.. It is said that currently there are 25 new bitcoins mined every 10 minutes. Well there's also a fixed limit of its circulation that is 21 million BTC. This means there won't be ever more than that.
So, after the production of BTC will reach its full extent of 21 million BTC, will the bubble burst? And bitcoin will come to an end? And other cryptocurrency will take its place??
you are using terms that are not related to each other. the "total number of new coins created" and "bubble" which is the price rising up fast into a fake overpriced stage and these two are not related to each other. and if you are talking about price, then actually it will rise, so if you want to call it a bubble, it will grow into a bigger bubble because each time a halving happens miners earn less coins to dump meaning less sell pressure and price can rise easier. |
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Velkro
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December 25, 2016, 09:36:25 AM |
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So, after the production of BTC will reach its full extent of 21 million BTC, will the bubble burst? And bitcoin will come to an end? And other cryptocurrency will take its place??
There is no bubble man. There was bubbles, but now its normal price, normal market movements. After all will be mined, transaction fees will suffice for paying for mining gear, because there will be so much transaction (there is already). So worry not, bitcoin is strong, designed amazingly. |
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AdolfinWolf
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December 26, 2016, 11:20:52 AM |
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So, after the production of BTC will reach its full extent of 21 million BTC, will the bubble burst? And bitcoin will come to an end? And other cryptocurrency will take its place??
There is no bubble man. There was bubbles, but now its normal price, normal market movements. After all will be mined, transaction fees will suffice for paying for mining gear, because there will be so much transaction (there is already). So worry not, bitcoin is strong, designed amazingly. Yeah, but BTCs source code is widely available i believe, are you really going to tell me there is no space for improvement of the coin? Im pretty sure there is, so it could possibly be that in the future there will be another coin dominating, a coin that is for example actively being developed. Or maybe not. Are there any design flaws in bitcoin? |
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Buthenis
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December 26, 2016, 11:41:02 AM |
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It's actually 12.5 BTC since the halving block reward happened last july and each 4 years It should continue to get halved. miners will get the fees instead of block rewards and that should make our bitcoins cost more since no more are being mined logically. If bitcoin doesn't get developed over the years then definitely a new altcoin could take its place. All bitcoins should be mined by 2140 and we would be all dead so you shouldn't care much anyway.
That is so good news. BTC will reach at new high level in the year of 2017 and 2018. you can receive your big profit from this investment. |
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CryptoFlare (OP)
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December 26, 2016, 03:40:38 PM |
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So, after the production of BTC will reach its full extent of 21 million BTC, will the bubble burst? And bitcoin will come to an end? And other cryptocurrency will take its place??
There is no bubble man. There was bubbles, but now its normal price, normal market movements. After all will be mined, transaction fees will suffice for paying for mining gear, because there will be so much transaction (there is already). So worry not, bitcoin is strong, designed amazingly. Yeah, but BTCs source code is widely available i believe, are you really going to tell me there is no space for improvement of the coin? Im pretty sure there is, so it could possibly be that in the future there will be another coin dominating, a coin that is for example actively being developed. Or maybe not. Are there any design flaws in bitcoin? no buddy .. No flaw in bitcoin |
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smho_16
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December 26, 2016, 05:42:35 PM |
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Bitcoin is no economic bubble if you see it's price movement. Well it reached the highest in 2013 for 1100 USD but that was only momental. If you see bitcoin price from January up to now it has gone like prediction in an upward trend. This should make us all think that we should conserve our bitcoins like the most valuable thing (without forgetting to spend some of them in order to make the economy of bitcoin world running).
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