What is going to happen when we reach the 21 Million BTC supply limit?

[madwica]

Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?

Thanks for taking the time to answer :-D

I think value of bitcoin is going to more expensive because lots of people who do not have bitcoin yet will eagerly wanting to have that is why demand will increasing together with its value, also i think the circulation of bitcoin is too slow because more investors are continue to keep their bitcoin and make it like gold in the future but i think bitcoin supply has no limitation since lot of people are now start to build their own mining site and it is always profitable. Also the transaction fee will be so expensive and no one wanting that.

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[Murloc]

After the last satoshi will be mined miners will still get their reward from transaction fees. They will probably get higher (in BTC value) which in addition to the exchanger rate growth can be realy painfull for users. Thats when some other fork can come out and take the whole market. Anyway untill that time i think devs will find a good solution.

[pinoyden]

After the last satoshi will be mined miners will still get their reward from transaction fees. They will probably get higher (in BTC value) which in addition to the exchanger rate growth can be realy painfull for users. Thats when some other fork can come out and take the whole market. Anyway untill that time i think devs will find a good solution.

i think until that happen, devs will still find a way or much better if they can extend the supply of bitcoin to ulimited (if that would be possible?) so that we can still mine and use bitcoin in a normal way because many of people are now loved to use bitcoin and it has been a part of our daily lives. i really cant imagine the life without bitcoins although there were still some other coins if bitcoin can still run out and extinct.

[faceoff97]

Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?

Thanks for taking the time to answer :-D

21 million mark will happen in the next long years maybe or expected to be on 2100, that time, bitcoin value is really high because of limited supply. It is not also true that its going to be hard mining because even you get small volume it has still he same value as now. Its just that the value increased which it makes harder to get big volume of bitcoin. During that time, there will no rewards be available and transaction fee will increase. But I think nothing will change in that time, its just that prople will get little digits of bitcoin but still has rhe proportional valur to current status.

[Wesimon]

Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?

Thanks for taking the time to answer :-D

I think there no need to overthink about this, 21 million mark will happen in a very long year. Rewards will no longer exist once Bitcoin it maximum supply. In the coming years as Supply becomes limited the rewards will also become lesser, but on the other hand, because the supply becomes the limited the value will increase in price. This only means that even there will be lesser reward be given it has still same value as what is given now. Once reward does not exist anymore, the only way to get profit I through transaction fee, thus there will also increase in the price of transaction fee.

Actually there is nothing to worry reaching that point, that might happen we got lost. In fact that might possibly happen in 2100. Before the 2020 ends, the bitcoin supply will hit 18 million mark. We could also expect increase in value and at the same time increase in fees.

[bololord]

Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?

Thanks for taking the time to answer :-D

Based on my rsearch that bitcoin is only 21 million and in 2015 a total of 15million will already mined so we expect that if bitcoin reach the 21 million the demand is high and the value is totally increasing so don't worry about that keep earning.

[Pleione527]

If the maximum supply of bitcoin will be all out in the circulation the only way to acquire some is by buying to other holder which will surely affects the price of bitcoin if ever many wants to have bitcoin surely the value will increase, this maybe good to some holder so they can sell their coins with a high profit and become available again in the market otherwise developers need to divert the bitcoin market and offers other crypto currencies or also known as alternative coins

[Casdinyard]

Unless there is a change in protocol, there won't be anymore bitcoins made.

Miners would rely on transaction fees to continue operating, its not sure yet if that would be sufficient but most likely, yes.
The price of bitcoin, well, it could and would still continue to increase. There is about a million bitcoins saved by the founder itself for this case where there is a great increase in demand.

It's the miners who will not be getting anymore bitcoins but since they are needed to confirm transaction,  that's the only way that they are going to make money. But with the value of bitcoins how it rise will depend on the demand of the people.

And with this, little by little miners didn't have get enough earning with just confirming transactions than in the reward they're getting in mining so they're shifting to other stuff that more profitable to them and as the result we have slow confirmation yet we pay for higher fees.
The sooner we approach in maximum supply the more we can expect that the price will be more precious than ever so just keep accumulating and holding.

[katinko]

For sure the transction fees would be more expensive and not all of us wanting that because the demand will surely increasing because more investors continue to invest in expensive coin like bitcoin. But i do not think it will happen i beleived in bitcoin that it will last forever.

[777Bitcoin]

Some other replies has a good point, the transaction fees might go up at that time is that really matters. Bitcoin is about 7400$ this week then what more it will be if the 21million will be reached. If I do have 1bitcoin at that time then I can make my own prices two times higher than in a market. Because those who badly needed one will have no choice.

[michellee]

i think the price will be increase too high and only few people that can buy a whole 1 bitcoin and people like us is only trying to increase our amount with many ways. I think when the supply limit is reach, there will be many people join into bitcoin world and they will trying to buy and sell the bitcoin even if the price is too expensive for them to buy. but this will be happen for a long time and we don't know if we are still alive or not and maybe only our grand children will see this.

[Yamifoud]

Some other replies has a good point, the transaction fees might go up at that time is that really matters. Bitcoin is about 7400$ this week then what more it will be if the 21million will be reached. If I do have 1bitcoin at that time then I can make my own prices two times higher than in a market. Because those who badly needed one will have no choice.

Reaching that time, possible of having huge modifications and hardfork happens. Even though mined bitcoins is far from 21 million but the price of each coins is expensive, how much more if it is only a single steep left to reach? Possible it could  be more expensive on that time. And usually fees will vary also to its price of bitcoin.

[Akash1243]

When the bitcoins will reach 21 million bitcoin supply limit then miners would have to only rely on the transactions fees therefore transactions fees are going to be expensive and price of bitcoins would also increase like anything as there would be more demand of bitcoin due to its limit.And i don't think so that more Bitcoins would be added.And till now almost 16 million has been mined and it is going to be harder to mine as the limit closes in.

[sofi@]

If the supply of bitcoin will reach its limit surely the value of bitcoin will rise but the problem is that when the price continue to increase investors will hold their bitcoin until such time they can sell them with a very high profit but that may took a long period of keeping which may result to out of stock in the market or no bitcoin will go on the circulation with this the only way is to develop another coin that could possibly divert the market and can be use to sustain the increasing market demand for bitcoin.

[chimcoin]

if the supply of a commodity fall the demand of such commodity will rise (the law of demand and supply will play out here).Now if bitcoin has a limit of 21million to be mined and it has reached 79% then the demand will increase and investors will hold on to their bitcion leading to more scarcity of bicoin.I think this situation will definitely pave the way for other coins to pump up.

[salihno71]

Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?

Thanks for taking the time to answer :-D

21 million should be reached in 2140. By then many things will be incomprehensibly different from todayso it's practically impossible to predict. Just imagine someone in 1880 trying to predict what will happen in 2030... Unless there is some groundbreaking invention which will enable people to live +200 years, you and all of us will be long gone by then.

[lighpulsar07]

Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?

Thanks for taking the time to answer :-D

Well the block rewards will be halved for every 4 years this will continue until last bitcoin were mined currently the block reward is 12.5 btc and this will halved again to 2020 again and again for every 4 years but after all the rewards had been distributed and the last bitcoin were mined the miners will only rely on transaction fees so, in my own opinion the transaction fees will a lot higher than the current transaction fees because there will no block reward will compensate for the miner and also, the block difficulty will be high in that time.

[777Bitcoin]

Some other replies has a good point, the transaction fees might go up at that time is that really matters. Bitcoin is about 7400$ this week then what more it will be if the 21million will be reached. If I do have 1bitcoin at that time then I can make my own prices two times higher than in a market. Because those who badly needed one will have no choice.

Reaching that time, possible of having huge modifications and hardfork happens. Even though mined bitcoins is far from 21 million but the price of each coins is expensive, how much more if it is only a single steep left to reach? Possible it could  be more expensive on that time. And usually fees will vary also to its price of bitcoin.

Yup I agree that most might go desperately to do forking to make something different and hoping they would minimise or decrease bitcoin prices but the data from previous hard fork like bitcoin cash and bitcoin gold speak differently. Bitcoin price always on increasing position everytime there is a hradfork and that will be the trend even on that time.

[Quidat]

Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?

Thanks for taking the time to answer :-D

Dont stress out yourself because the last bitcoin would be mined on year 2100+ which means we are already dead on that time for sure if we can still able to live on those years then we are already too old to mind this matter but to answer you if adoption will continue to rise which would lead up on higher demand then expect prices would really soar up high too but the main problem here is on the fees and the confirmation traffic will really be a big hindrance.

[Gloiri]

Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?

Thanks for taking the time to answer :-D

21 million should be reached in 2140. By then many things will be incomprehensibly different from todayso it's practically impossible to predict. Just imagine someone in 1880 trying to predict what will happen in 2030... Unless there is some groundbreaking invention which will enable people to live +200 years, you and all of us will be long gone by then.

I heard a documentation saying that its reached by 2040. My friends are saying that bitcoin will go to zero after it has received his supply limit. I think the price will be expensive.

Many people will hold it because it will be very difficult to obtain bitcoins.