WHAT HAPPENS AFTER THE NEXT BITCOIN HALVING

[BrewMaster]

Was reading an article online which lead me thinking to what will happen after the next block halving> http://www.bitcoinblockhalf.com .
I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ?

"block halving" has no effect on the supply of bitcoin, there is going to be millions of coins available. it is a misunderstanding to say "bitcoin supply will go down" it is mostly about the market and how the amount that miners can sell decreases, they call that supply in trading.

what block having changes is the rate of creating new coins. now it is 12.5 per block and it will be 6.25 per block in the future and we still have 16.5 million of today and the additional coins that are generated up to that point.

so what do you mean "there is no life after this"

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[target]

 6.25 BTC during halving might not be worth for the miners if the price will still be $1000+. And so I guess more and more miners might sell out by that time. But if the price indeed will rise up to $5000, BTC will still be the first coin on top of the marketcap and will remain so it after years. I guess all my altcoins will also be worth keeping if their price still gets to remain as is.

The rise of Bitcoin price is also the rise of the altcoins value, same goes if it dips rock bottom because altcoins will also hit down.

[izanagi narukami]

Was reading an article online which lead me thinking to what will happen after the next block halving> http://www.bitcoinblockhalf.com .
I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ?

AFAIK bitcoin value will increase exponentially and hope people still interest using bitcoin as their transaction.
I'm also fear if bitcoin reach halving , miner will lost interest to keep mining which decreasing bitcoin investor amount

[BigBall]

I think that bitcoin price after next halving will go really fast up and most pupil which use bitcoin will have about 2x more money or even more than 2x because of that and that will be great or economy .

[Sled]

In the next halving there will be possibility for miners to leave bitcoin because for sure the game will be harder especially to those miners who are maintaining the network. Maybe they will find another altcoin that is worth it to mine and invest on. But still, i do believe that in the next halving bitcoin will be well improved and that will be the foundation and that will be the basis why people will still stick with bitcoin. There is a lot of scenario to think for, Next halving might result for negative or positive .

[xvids]

I think after the next halving the price of bitcoin would go up again,
because the supply would be lessen.

[Yakamoto]

Was reading an article online which lead me thinking to what will happen after the next block halving> http://www.bitcoinblockhalf.com .
I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ?

There should most definitely still be a considerable amount of life left in Bitcoin, the only difference that might end up making itself apparently will be the change from miners receiving a majority of their income from block rewards and transitioning into a reward system based around transaction fees. At this point, the more transactions in a block the better.

[Sled]

I think after the next halving the price of bitcoin would go up again,
because the supply would be lessen.

That may happen but not only the supply is the concern on halving i think because while the supply will be lessen, the mining difficulty will increase and that is a sad fact for miners and that can cause for the miners to get smaller profit which may provoke them to migrate to another coin but let just see what will happen on halving because bitcoin never stops to impress us .

[Oggy1987]

Price increase wont happen so quickly after halving, cause its already somewhat calculated in price over time. Same was with this recent halving, nothing spectacular happened in short period of time.

[nara1892]

In the next halving the block rewards will be turn into half then the mining difficulty will be higher again and it may affect the price because the supply is being lessen again. If the price won't adjust to a profitable one then the miners will decide to abandon bitcoin but i hope that will not happen. If the bitcoin are all mined then we will just rely on the supply in the market and the thing that i'm sure is the one who will win the game is the one who got the most of the supply.

it is possible things that we will face after halving. many people are waiting for halving because it means 'price will go up'. I think many bitcoin users dream of it. it is good in a particular context, but bad in the other side because bitcoin to be mined will decrease.

[Sithara007]

Price increase wont happen so quickly after halving, cause its already somewhat calculated in price over time. Same was with this recent halving, nothing spectacular happened in short period of time.

I agree. The same was the case with the halving of 2012 and 2016. There is a lag of almost 12 months, before the exchange rates rise. I suspect this will repeat during the next halving as well.

[poloniexwhale]

People were also expecting that last halving would kill bitcoin due to the much smaller rewards, this didn't happen.

Bitcoin will have mining rewards well into 2100, by that time, if bitcoin is still around, solutions to this potential problem will have been found and accepted by the community. The ultimate idea is ofcourse that the transaction fees are enough to cover the lost mining fees (which don't need to be 12.5 bitcoin per block if price is sufficient).

Just like the bitcoin scaling debate is being solved as we speak? Until bitcoin community will unite and fix current bitcoin problems:
block scaling, transaction malleability, rising transaction fees, longer confirmation times (far longer than promised 10 minutes)
Until then I refuse to believe that any future Bitcoin's problems could be solved in a decentralized environment.

Bitcoin has too many disadvantages, we can't become mass adoption unless the problems are solved, we need to scale first, and then other issues will be solved.

[carlerha]

I think that bitcoin price after next halving will go really fast up and most pupil which use bitcoin will have about 2x more money or even more than 2x because of that and that will be great or economy .

yes just like previous halving, as before previous halving people were not interested to sell their bitcoin as they were thinking that the price of bitcoin will go hing. and we saw that after previous halving the price of bitcoin increase much and then stable stay for a long time.

[odolvlobo]

Was reading an article online which lead me thinking to what will happen after the next block halving> http://www.bitcoinblockhalf.com .
I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ?

Contrary to popular misconception, the "supply" of bitcoins is currently 16 million, and not 12.5 per block. When all the bitcoins are mined, the supply will be 5 million higher. Also, if mining fewer bitcoins had some detrimental effect, we would be seeing it by now.

[Amph]

the daily production from miners would be 900 btc a day less than now(1800), this is just the average, there are days with a higher production

900 bitcoin at current value, would means $900k coins that might not be dumped anymore, assuming that miners dump everything which is not true

i means what miners will do from now, already, is not a factor for the future value, but the hype for each halving, in my view will increase the price greatly

[stomachgrowls]

Was reading an article online which lead me thinking to what will happen after the next block halving> http://www.bitcoinblockhalf.com .
I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ?

Contrary to popular misconception, the "supply" of bitcoins is currently 16 million, and not 12.5 per block. When all the bitcoins are mined, the supply will be 5 million higher. Also, if mining fewer bitcoins had some detrimental effect, we would be seeing it by now.

It does really have a detrimental effect and we all know current supply is 16m same as you said and every halving it decrease the block by half which means difficulty on mining it does really rise and we should not to worry at all since all bitcoin would be mined totally on 2100.

[digaran]

Why do you think gold is precious other than the physical properties? is because finding and then mining the gold is difficult otherwise 33% of earth's core is gold according to geologists(science) and there are mountains of gold on our moon but reaching that gold is hard even finding the gold a few miles underneath the earth's surface is extremely hard and that is one of the effective reasons for gold price.
With bitcoin when difficulty increases and mining the coins becomes harder and harder price will go up one way or another.
Now imagine what happens if miners right now stop selling just 6BTC out of each block reward they get which is 12.5BTC that alone will have a great positive impact on price we just need to test this theory of mine and see what happens only if miners listen .

[odolvlobo]

With bitcoin when difficulty increases and mining the coins becomes harder and harder price will go up one way or another.
Now imagine what happens if miners right now stop selling just 6BTC out of each block reward they get which is 12.5BTC that alone will have a great positive impact on price we just need to test this theory of mine and see what happens only if miners listen .

First, price determines difficulty, and not the other way around. If the price goes up, miners invest in more capacity. If the price goes down, miners shut off unprofitable equipment.

Second, total BTC exchange volume is 20k - 200k BTC per day (depending on what you are measuring). Your proposed decrease of 864 BTC per day will have no significant impact.

[requester]

I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ?

I think we dont need to migrate to another alt coin because another altcoin also might not have enough available coins but the problem could be solved by increasingly high price that we could see now. a of last year february the price was about INR 20000 but now after a year its 70000 INR so almost 3.5 time incremental in its price inspite ofits limited supply.

[jacafbiz]

I think what would happen is that they would factor into the code the amount of lost Bitcoin. There is no doubt even with the present level of understanding some people are still losing their coins by mistakenly burning them, loss private keys, crash hard disk etc. so would be available for mining