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Author Topic: what will happen when global Bitcoin supply reaches its limit?  (Read 1012 times)
lionheart89
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July 18, 2017, 03:14:32 AM
 #1

Bitcoin is like gold in the real world, and like a valuable thing, Bitcoin can not be created just like that. Gold must be mined out of the ground, while Bitcoin must be mined through digital means. In connection with this process, this is a provision established by the founder of Bitcoin and the goods are quite limited.
If you know, there are only 21 million total Bitcoin that can be mined. Once the miners have opened up a lot of Bitcoin, the supply will inevitably run out, let alone the Bitcoin protocol changed to get a larger supply.

Well, the question is, what will happen when global Bitcoin supply reaches its limit? Shocked

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July 18, 2017, 04:26:44 AM
 #2

Well, the question is, what will happen when global Bitcoin supply reaches its limit? Shocked

Demand, especially growing demand, will have a stronger affect on the price because there won't be any more supply to accommodate demand.

Finite supply is a great thing. So is having Bitcoin divisible down to the hundred millionth of a bitcoin. This maintains the utility of Bitcoin as a currency. Because it is divisible into such a small amounts it can remain useful for exchange of value if the price of 1 Bitcoin gets extremely high.

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July 18, 2017, 04:32:08 AM
 #3

When bitcoin supply reaches limit,still demand would continue.But there will be a big shortage in supply of bitcoins as every one holding bitcoins would be never ready to sell their holdings.At that time,bitcoin would be considered as the most precious asset.Even person holding a single bitcoin might become a millionaire at that time.

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July 18, 2017, 06:18:11 AM
 #4

The Satoshis will become more valuable. There will be about 2,099,999,997,690,000 satoshis mined, once every Bitcoin is mined. < This will not be in our lifetime > The estimate is the year 2140. ^smile^

I doubt that we will ever run out of satoshi and you have to remember, if needed the code can be changed to sub-divide bitcoins even further. < Example : 0.000000001 > 

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July 19, 2017, 02:04:52 AM
 #5

When bitcoin supply reaches limit,still demand would continue.But there will be a big shortage in supply of bitcoins as every one holding bitcoins would be never ready to sell their holdings.At that time,bitcoin would be considered as the most precious asset.Even person holding a single bitcoin might become a millionaire at that time.
I agree, I think if bitcoin is getting scarce then the price will be higher and it will be very beneficial for those who have bitcoin, but on the other hand will make it difficult for bitcoin miners to get bitcoin. Shocked

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July 19, 2017, 02:13:21 AM
 #6

The Satoshis will become more valuable. There will be about 2,099,999,997,690,000 satoshis mined, once every Bitcoin is mined. < This will not be in our lifetime > The estimate is the year 2140. ^smile^

I doubt that we will ever run out of satoshi and you have to remember, if needed the code can be changed to sub-divide bitcoins even further. < Example : 0.000000001 > 
Wow amazing, if it is like that of course we will keep the spirit in hunting bitcoin or altcoin. Thanks for the information.

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July 19, 2017, 02:28:03 AM
 #7

Bitcoin is like gold in the real world, and like a valuable thing, Bitcoin can not be created just like that. Gold must be mined out of the ground, while Bitcoin must be mined through digital means. In connection with this process, this is a provision established by the founder of Bitcoin and the goods are quite limited.
If you know, there are only 21 million total Bitcoin that can be mined. Once the miners have opened up a lot of Bitcoin, the supply will inevitably run out, let alone the Bitcoin protocol changed to get a larger supply.

Well, the question is, what will happen when global Bitcoin supply reaches its limit? Shocked
21M bitcoin wont be complete since we are not still talking about those lost bitcoins in the void which means it would really be more lesser than the exact number of supply. If it would be mined all then less 21 M bitcoins would circulate on the entire chain which would really be transacted by its users. If theres a lot of demand of bitcoin then the supply is already out then expected that it would really be more valuable. I cant think off that bitcoins supply would be add up.



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July 19, 2017, 02:40:14 AM
 #8

The answer to this just lies in the supply demand paradox. As soon as the supply is cut out, block reward becomes nil, then this will force upward pressure on prices and Bitcoin price would rise. The similar concept is in play during the Bitcoin halving. In truth, this is the only way that Bitcoin can sustain itself. When block reward reaches 0 miners will be dependant on transaction fees. If Bitcoin price is not high enough for the miners to sustain themselves via the transaction fee, then essentially Bitcoin will die out or continue with massive transaction fees.

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July 19, 2017, 02:52:28 AM
 #9

When bitcoin supply reaches limit,still demand would continue.But there will be a big shortage in supply of bitcoins as every one holding bitcoins would be never ready to sell their holdings.At that time,bitcoin would be considered as the most precious asset.Even person holding a single bitcoin might become a millionaire at that time.
I agree, I think if bitcoin is getting scarce then the price will be higher and it will be very beneficial for those who have bitcoin, but on the other hand will make it difficult for bitcoin miners to get bitcoin. Shocked
miners will continue to seek and keep mining bitcoin as difficulty increase value will rise as well just like physical miners they continue to look for opportunities from every places that they seen possibilities to get some more elements/metals that can be mined from any land that they try to reach. what the best part of btc is now
they already gather attentions and popularity so the value will just keep on rising up.

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July 19, 2017, 02:54:46 AM
 #10

When we reached 21 million supply limit then there will be a shortage in supply and it will cause the demand higher. Once we reach to that point, the price will for sure increase and thats going to make every person holding their bitcoin reach. And each satoshi will be worth it by that time.

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July 19, 2017, 02:54:58 AM
 #11

When BTC has touched 21 million, then Bitcoin can not be mined anymore. Then the BTC price will soar to the moon. The BTC holders will get rich suddenly. We'll see later.

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July 19, 2017, 02:57:55 AM
 #12

If it reach it's limit  the demand for bitcoin wouldn't stop instead the demand would be high since the stock is limited,
I think the price would get high and I really can't wait to see it  happen.

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July 19, 2017, 03:31:55 AM
 #13

Well it's not possible that the supply of bitcoin reaches its limit since it's getting popular and more users are added from time to time, when that time comes for sure the value of bitcoin will soar high and many of the holders will be happy, I think the predictions that bitcoin will raise to $5000 will be possible. Can't wait for that day.

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July 19, 2017, 03:41:04 AM
 #14

Dude ?? The hell ?? If it reaches cap it reaches cap what is the question ?  If you have one cake and 3 friends then 2 more join and you have no more cake that's like asking what happens to the cake. Do it hey decided by 5 instead of 3. Same with Bitcoin.

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July 19, 2017, 03:59:35 AM
 #15

Bitcoin is like gold in the real world, and like a valuable thing, Bitcoin can not be created just like that. Gold must be mined out of the ground, while Bitcoin must be mined through digital means. In connection with this process, this is a provision established by the founder of Bitcoin and the goods are quite limited.
If you know, there are only 21 million total Bitcoin that can be mined. Once the miners have opened up a lot of Bitcoin, the supply will inevitably run out, let alone the Bitcoin protocol changed to get a larger supply.

Well, the question is, what will happen when global Bitcoin supply reaches its limit? Shocked

Have you heard of supply and demand? If the demand for and item goes up, while the supply remains the same, the value of the items will rise. For example ledgerwallets are no longer available until September due to populate demand. After bitcoin runs out, the price of it will skyrocket and one  satoshi will probably be worth a bunch. The smallest units of bitcoin will probably be worth quite a bit. Can't wait for that to happen.


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July 19, 2017, 04:22:34 AM
 #16

Bitcoin is like gold in the real world, and like a valuable thing, Bitcoin can not be created just like that. Gold must be mined out of the ground, while Bitcoin must be mined through digital means. In connection with this process, this is a provision established by the founder of Bitcoin and the goods are quite limited.
If you know, there are only 21 million total Bitcoin that can be mined. Once the miners have opened up a lot of Bitcoin, the supply will inevitably run out, let alone the Bitcoin protocol changed to get a larger supply.

Well, the question is, what will happen when global Bitcoin supply reaches its limit? Shocked

That's is an interesting question and there are some issues to first address. I don't think that all of the 21 M bitcoin will be mined since some of them will be lost and never found. After the majority of bitcoin are mined I have not doubt that bitcoin will rise to at least 10 percent more than its current price. Probably there will units smaller than satoshis and they will be worth quite a lot.


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July 19, 2017, 04:29:53 AM
 #17

... If you know, there are only 21 million total Bitcoin that can be mined. Once the miners have opened up a lot of Bitcoin, the supply will inevitably run out, let alone the Bitcoin protocol changed to get a larger supply.

Well, the question is, what will happen when global Bitcoin supply reaches its limit? Shocked

This question has been answered thousands of times, but there is so much misinformation in the replies, I feel compelled to respond.

First, the supply will not run out. Bitcoins are not consumed. The money supply will reach 21 million and stay there (except for the small amount that is bound to be lost). By the time the last bitcoin has been mined, the price will stabilize as adoption reaches saturation.

Have you heard of supply and demand? If the demand for and item goes up, while the supply remains the same, ...
If it reach it's limit  the demand for bitcoin wouldn't stop ...
The demand will not go up for ever. I assume that in 100 years, adoption will have already reached maximum.

When BTC has touched 21 million, then Bitcoin can not be mined anymore. Then the BTC price will soar to the moon. The BTC holders will get rich suddenly. We'll see later.

Bitcoin production is slowly going to 0. There is no reason for the price to rise suddenly.

When we reached 21 million supply limit then there will be a shortage in supply.
I agree, I think if bitcoin is getting scarce ...


Bitcoins are not getting scarce. There will be no shortage. When the supply reaches 21 million, there will be 28% more bitcoins than there are now.

The answer to this just lies in the supply demand paradox. As soon as the supply is cut out, block reward becomes nil, then this will force upward pressure on prices ...

When no more bitcoins are mined, the block reward will consist of transaction fees only. The supply will be constant, and a constant supply puts no pressure on the price.

When bitcoin supply reaches limit,still demand would continue.But there will be a big shortage in supply of bitcoins as every one holding bitcoins would be never ready to sell their holdings.

There will be no shortage, and saying that "every one holding bitcoins would be never ready to sell" is silly. There are plenty of people selling now. Look at the volumes on exchanges. There is no reason why there won't be plenty of people selling in the future too.


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July 23, 2017, 09:02:57 PM
 #18

Taking into account that only 25 bitcoins can be produced for every ten minutes, and only 21 million of them can be produced (created), it is possible to determine the specific date when the bookkeeping currency will be completed for technical reasons. What will happen after that? Given the limited amount of crypto currency, and also the fact that a certain part of it will be constantly lost, as people will forget and lose passwords to their purses, or lose access to them for other reasons, it is obvious that the rate of crypto currency, including bitcoin, will be constantly increase. How it will happen in practice - we'll see.

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July 23, 2017, 09:08:52 PM
 #19

Well, the question is, what will happen when global Bitcoin supply reaches its limit? Shocked

Nothing.
Nothing magical will happen.

By that time the yearly growth of the supply will be counted in 0.0% percentage so it won't matter at all.

First, the supply will not run out. Bitcoins are not consumed.

Yeah not consumed, but they are destroyed and lost.
It is possible that we will run out of coins the same time the minting stops.



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July 23, 2017, 09:14:15 PM
 #20

Bitcoin will not grow like this because more and more users will use bitcoin+there will be limited supply so that will bring to even faster bitcoin price growing so it can make many of us rich after couple of years.
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