PedroLinh
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August 06, 2017, 03:34:24 PM |
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At that time the bitcoin value will not increase anymore. saturation BTC
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Kiweikoo
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August 07, 2017, 08:45:46 AM |
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There are only 21 million total bitcoins that can be mined, what will happen if all bitcoin is already mined?
This will only happen in 2041, and will never reach the 21 million Bitcoin, then the miners will live with the fee transaction. The miners now earn good money to pay for the transaction. I think that by 2041 the capacity of the equipment will be such that the transaction will take place immediately and the miners will not be able to include a greater cost. Can be prospects of bitcoin is such that users will conduct transactions and therefore they will be free. People have already invested much of their income for purchasing bitcoin mining hardware. Even the condition might be same in 2041. The programmers or developers will surely find some way out of it so it is not to worry. Even if all bitcoins are mined (although it has much more years to go), there will be a new immersion of any good way out of it.
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sameer dadarwal
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August 07, 2017, 11:47:20 AM |
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When all Bitcoins are mined (it will take normally 20-25 years). It is not a good news for Bitcoin lovers.Because after that Bitcoin will become like a puppet available to limited hands.But it will take a long period of time.Till than we should work hard and have some Bitcoin.
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wedo96
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August 11, 2017, 01:01:40 AM |
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my view is the price will go like 10x !!
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kano
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August 11, 2017, 01:51:57 AM |
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Lulz - it's funny how many incorrect posts there are in this thread with a VERY simple question, that has a VERY simple answer.
The original paper by Satoshi states what is expected to happen.
It's not a "run out of Bitcoins" and it's not a "the devs will fix it" issue.
As a few people have posted, it's by design, as time goes on and more halvings occur, the fees per block are expected to cover the reduction of the miner reward, by design. The limit on the number of BTC overcomes the standard economic force of inflation that devalues all currencies.
In simplest terms, the limit on the number of BTC is good for BTC and is by design.
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crazyer
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August 11, 2017, 01:08:29 PM |
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alexsando
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August 11, 2017, 02:21:52 PM |
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bearvn
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August 11, 2017, 03:55:19 PM |
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Then the coin will increase horrible price ... because the peach will hug and wait up for sale and then ...
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hdclover
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August 13, 2017, 02:07:58 PM |
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the miner will stop mining bitcoin.
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Blah blah
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shimozukawa
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August 14, 2017, 10:02:23 AM |
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bitcoin is more like a speculative flagship that introduces a new technology. as soon as the hype flows down and the choice gets bigger people will rethink for what money they work for. My assumption is that once governments realize that China & Russia (and companies located within each) control close to 70% of the world's bitcoin supply, it will stop being an accepted form of commerce, and the price will drop.
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Farfenkugel
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August 16, 2017, 09:22:36 PM |
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I bet the developers will find some way or another to get more profit out of it. We have a few different bitcoins already, like bitcoin cash.
I bet they have a few options open to extend the bitcoin empire.
I'm also pretty sure bitcoin will become unreachable when they will be mined. The price will sky rocket like you never seen before, just like every product is expensive when they are hard to get.
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crazyer
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August 17, 2017, 03:10:33 AM |
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I bet the developers will find some way or another to get more profit out of it. We have a few different bitcoins already, like bitcoin cash.
I bet they have a few options open to extend the bitcoin empire.
I'm also pretty sure bitcoin will become unreachable when they will be mined. The price will sky rocket like you never seen before, just like every product is expensive when they are hard to get.
I agree with you. I think people will find ways to raise the price of BTC very high. And the difficulty of BTC openers will be great. BTC price will go to the moon.
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xbugitox
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August 17, 2017, 05:01:48 AM |
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I bet the developers will find some way or another to get more profit out of it. We have a few different bitcoins already, like bitcoin cash.
I bet they have a few options open to extend the bitcoin empire.
I'm also pretty sure bitcoin will become unreachable when they will be mined. The price will sky rocket like you never seen before, just like every product is expensive when they are hard to get.
This is true. For sure the developers will always find some other ways to get profit as bitcoin is growing and more and more people are using it and investing on it.
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nexus99
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August 17, 2017, 01:25:55 PM |
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The btc price will probably be sky-high. Miners will greatly depend on transaction fees
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guoduuwwyx80198
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August 17, 2017, 06:59:45 PM |
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If all bitcoin had been mined already, than each bitcoin would have reflect the value of the energy that was used in mining and the public perception of its scarcity would lead to a rapid increase in price. At the same institutional investors will take interest like never before to have their own holdings in the entire bitcoin economy. It would indeed be a very interesting scenario.
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mondobitcoin
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August 18, 2017, 05:21:42 AM |
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There are only 21 million total bitcoins that can be mined, what will happen if all bitcoin is already mined?
Maybe it can happen, but i think for see this we need to wait lot of time, because the difficulty for mining, now its too hard. And when it happen, i think it will not be a problem, the price can go up or down And we can mine other currencies
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spinachfork
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August 20, 2017, 03:18:53 AM |
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we will for ever be dead inside
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Farma
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August 20, 2017, 06:20:41 AM |
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I just focus on price. Because when all the bitcoins have been mine, the bitcoin will become scarce and limited, and make the price higher, but it all depends on the bitcoin function at that time. If bitcoin is still used, then the price will be higher, but vice versa.
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marvykkio
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August 20, 2017, 03:03:03 PM |
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After 21 million bitcoins have been deployed by the bitcoin blackchain, the only thing left to do is mine transactions. Miners at that point will make money off of transaction fees.
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xJuturna
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August 20, 2017, 05:05:31 PM |
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Well we have many years until all 21mil bitcoins are mined. I'd like to sit here and give you a somewhat descriptive explanation that was well thought out but the answer here is pretty simple. If all bitcoins are mined, then there's no more bitcoins to mine. All mining operations will switch/transfer over to some other sort of blockchain. Pretty simple one to work out there...
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