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Author Topic: What will happen when BTC hits max number of coins  (Read 867 times)
dimastegar
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September 09, 2017, 11:41:39 PM
 #21

We don't know yet what will happen later. If Bitcoin has reached the maximum amount, then there are many possibilities such as miners who decreased their earnings. Well, instead of talking now, we'd better wait until that day comes.

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cpfreeplz
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September 10, 2017, 12:07:27 AM
 #22

I don't think the world will be around by then. There are too many nutjobs with nukes out there so we'll probably all explode around... oh idk 2060-2085. Somewhere in between there. So don't worry about what would happen with bitcoins. Some alien lifeforms will take it over.
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September 10, 2017, 01:07:58 PM
 #23

I don't think the world will be around by then. There are too many nutjobs with nukes out there so we'll probably all explode around... oh idk 2060-2085. Somewhere in between there. So don't worry about what would happen with bitcoins. Some alien lifeforms will take it over.

There's indeed no need to worry as technology and Bitcoin keeps evolving and so it will take care of itself as it age and so speculations about whatever will happen when Bitcoin is maxed out isn't necessary yet.
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September 10, 2017, 01:36:55 PM
 #24

This question has been asked and posted for xxxx times here in forum. Nothing will happen as the transactions will keep on going. Try to learn about basic supply and demand and you will know what will be the changes if bitcoin hits all 21 Million mined coins. We are all going to be happy when we are getting close to the limits.
Miners will get paid once the maximum amount of Bitcoins is distributed. People will want to only hold the coin instead of just spending them around because the miners won’t be wanting to waste money on Electricity if they aren’t a large competitor in the mining area. There will be a bunch of hashes going around so Solo Mining would be really nothing to even plan on because the people that Solo Mine won’t make that much money from helping the network.
Unless that person has a large amount of threads that could be used for calculations then that person will have the chance.

Mostly everybody wants to hold because the supply is limited and we know if someone is going to hoard a lot of bitcoins, there will be a short. And once we are now experiencing shortage of supply, that will lead to a high demand that will cause the price of bitcoin to increase and it will be beneficial not only to miners but to every holder.



 

 

 

 

 

 


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edynolan
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September 10, 2017, 02:18:56 PM
 #25


there will only be an exchange and the possibility of the price will increase much higher than the current price
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September 10, 2017, 02:42:35 PM
 #26


there will only be an exchange and the possibility of the price will increase much higher than the current price

There will be several exchanges and no guarantee that the price will be much higher than it is now. This is still experimental

and we do not know if the availability of coins will influence it's use. If there are only limited coins in circulation, it might even

push down the price. {where are you going to use the coins, if there are no more coins in circulation}  Huh The whole focus

will then shift to "Store of value" and not being a currency.

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September 10, 2017, 03:08:12 PM
 #27

Let's hope the bitcoin continues to increase its value slowly, with a tip that has no maximum limit. The exchange that will continue to be done until the future.
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September 11, 2017, 08:00:04 AM
 #28

Let's hope the bitcoin continues to increase its value slowly, with a tip that has no maximum limit. The exchange that will continue to be done until the future.

I think you're at sea here, the OP is talking in relation to the mineable bitcoins and what is likely to happy if they are maxed out. For me I think it will create more demand on the market and a corresponding increase in its value will ensue.
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September 13, 2017, 01:29:06 PM
 #29

The number of bitcoins is fixed and estimated to hit the taget in 2140. What do you think will happen then?
Well, that’s it. We just stare at it and nothing else is gonna happen. There will be no more mining or anything similar to that. Every faucets is likely to close down also, and there will be no more free money. We are then left with a particular amount and the only thing I think will happen is people starting investment in altcoins.
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October 22, 2017, 03:13:02 PM
 #30

The number of bitcoins is fixed and estimated to hit the taget in 2140. What do you think will happen then?
Well, that’s it. We just stare at it and nothing else is gonna happen. There will be no more mining or anything similar to that. Every faucets is likely to close down also, and there will be no more free money. We are then left with a particular amount and the only thing I think will happen is people starting investment in altcoins.
I do assume the same thing too which if people find out all bitcoins have been mined already then we do really seek for another coin for sure which we can actually able to make money or even mine it but yet the price of bitcoin would really be valuable on that time and the miners will really only focused on pushing transactions since theres no bitcoin that can be mine at all.

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October 22, 2017, 03:18:04 PM
 #31

The number of bitcoins is fixed and estimated to hit the taget in 2140. What do you think will happen then?
Well, that’s it. We just stare at it and nothing else is gonna happen. There will be no more mining or anything similar to that. Every faucets is likely to close down also, and there will be no more free money. We are then left with a particular amount and the only thing I think will happen is people starting investment in altcoins.
I do assume the same thing too which if people find out all bitcoins have been mined already then we do really seek for another coin for sure which we can actually able to make money or even mine it but yet the price of bitcoin would really be valuable on that time and the miners will really only focused on pushing transactions since theres no bitcoin that can be mine at all.

Yeah the miners will be only used for transaction after all bitcoins mined.The important is when all bitcoins were mined the price of bitcoin will be at peak, the bitcoin will be most valuable currency ofcourse no more free money.
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October 22, 2017, 03:24:48 PM
 #32

I hate it when these lazy people don't search before asking questions:

https://www.quora.com/What-happens-when-21-million-bitcoins-are-mined
http://www.investopedia.com/news/what-happens-bitcoin-after-all-21-million-are-mined/
https://news.bitcoin.com/what-happens-bitcoin-miners-all-coins-mined/
https://www.reddit.com/r/Bitcoin/comments/6c9s2b/what_happens_after_all_bitcoins_are_mined/
https://bitcointalk.org/index.php?topic=71176.0
https://bitcointalk.org/index.php?topic=2074040.0
https://bitcointalk.org/index.php?topic=1819325.0
https://bitcointalk.org/index.php?topic=88630.0
https://bitcoin.stackexchange.com/questions/18103/what-happens-when-the-21-million-cap-is-reached
https://steemit.com/story/@internetfreedom/what-will-happen-when-all-21m-bitcoins-are-mined
https://www.comparitech.com/blog/information-security/what-happens-when-all-bitcoins-mined/
https://coinidol.com/what-happens-when-bitcoin-mining-rewards-diminish-to-zero/

OP, this question obv. has been asked numerous times.

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October 22, 2017, 03:28:43 PM
 #33

The number of bitcoins is fixed and estimated to hit the taget in 2140. What do you think will happen then?
In my opinion this one happens as of now a ton of times. What I have seen is that they will be a dividing or a part of coins to half of its esteem. So we could backpedal to ordinary process again and this continues rehashing and rehashing
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October 22, 2017, 03:33:06 PM
 #34

It will take a while before all the bitcoin is mined but miners will sill operate as they are needed for transactions. It is not something to worry about.

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October 22, 2017, 03:35:35 PM
 #35

I do not think the number of Bitcoins will be lacking, transactions are still going on and we are still paying a fee to pay the miners. That fee means the amount left for the miner to continue to provide to the user. Therefore, the amount of Bitcoin never changes but its price is increasing

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October 22, 2017, 03:52:55 PM
 #36

The number of bitcoins is fixed and estimated to hit the taget in 2140. What do you think will happen then?
Well, in my opinion, I think if that will happen then maybe a single satoshi is worth more than your dream car or a house. It may sounds funny but could still be possible. To early to speculate but yeah still has to take a long, long journey and I don't think if humans still exist during that time. Grin Actually time can really tell us that and for sure no humans could pinpoint what would exactly to happen that time only speculations are more acceptable. As what I have observed transaction fees are some kind of an issue here too as all coins are mined and will fully flow in circulation with  demands too high that makes the price to make the value of a single satoshi into like thousands or even hundreds of thousands of dollars.



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