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

[katiecbell]

There are two different ways you can code a cryptocurrency coin. First of all, it can have a fixed end such as Bitcoin. This is when a final number of Bitcoins are mined and then there is no more reward upon completing blocks. However, on the other hand some cryptos will never be fully mined, only splitting into smaller and smaller portions over time, with some always remaining to be mined.

Agreed! There is no reason to deny this fact that the demand of crypto currencies is increasing with each passing day especially when we talk about bitcoin. It is because of the reason that with each passing day, more people are getting to know about bitcoin and all other crypto currencies. With increase in demand, the supply of bitcoin will also be increased. Mining is the best possible way to have more crypto coins.

[krigger]

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.

You are literally just talking crap without knowing what you are even talking about.

The earliest estimations for when the final Bitcoin would be mined is in the early 2100's and most estimates put it sometimes between 2120-2150. Of course, it all depends on the amount of hash power and mining done. If governments and large corporations put more than was expected, it could be done sooner, but 2040 would be absolutely preposterous, not to mention BTC will never go to zero. There would always be someone who wants to buy it.

[ruletheworld]

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.

You are literally just talking crap without knowing what you are even talking about.

The earliest estimations for when the final Bitcoin would be mined is in the early 2100's and most estimates put it sometimes between 2120-2150. Of course, it all depends on the amount of hash power and mining done. If governments and large corporations put more than was expected, it could be done sooner, but 2040 would be absolutely preposterous, not to mention BTC will never go to zero. There would always be someone who wants to buy it.

You're right, but small caveat - the reaching of the goal of 2140 isn't dependent on the total hashpower because difficulty adjusts every 1440 blocks. Instead, it depends on how the increase took place, and whether there was any decrease in hashpower, and how the decrease took place. It's a bit more complex than total hash power is all I am trying to say.

[filharvey]

Miners get bitcoin as reward for mining operations and transaction fee as bonus.When all the 21 million bitcoins get mined,then miners would be getting only transaction fee and no bitcoin.So,the transaction fee would e very high.Otherwise,miners would not show any interest in mining operations which consumes huge electricity.But we should also note that bitcoin price would also be very high at that time.

[KorakPawon]

actually there is no problem when bitcoin is really exhausted, there are many currencies similar to bitcoin, although the value of the price is still superior but other currencies also can still offset the bitcoin price someday. and if we already have a lot of bitcoin, we can change it to another electronics currency, or can be said to move to another wallet, just keep in mind if bitcoin is almost a bit then the price will be more expensive. but we also do not know whether the bitcoin quotas will increase or not, what if the bitcoin quota will increase.

[Rustamm]

When all 21 million bitcoins are mined, I think that nothing significant will happen. It is unlikely that after this will significantly increase in price. By this time, it will already be a decent price, and if it does not have some exceptional functions by then, people will not buy it too much. What is the point of doing this, if we already have a lot of good crypto-currencies with qualities much greater than bitcoin and at the same time very low in price?
In addition, it should be borne in mind that the high cost of bitcoin will mean a high risk of investing, because given the high volatility of bitcoin, there will be a high risk of its depreciation due to negative information and the consequent panic of investors.

[malikusama]

When demand is high and quantity or supply is fixed then the price will start climbing gradually to the sky and it will kept on increasing to attain a stable value(volatility will decrease), but when we will going to achieve that stable value no one knows.
Many of us have a misconception that it will be end of bitcoin but in fact bitcoin will become more precious digital asset than it is now.

[IndzheborgC]

At some point, probably around 2140, the last bitcoin will be produced, but this does not mean that the network will collapse. In addition to premiums for calculating hashes, the miners receive transaction processing fees. Now these fees are small, on the order of a percentage share, but as the fee for calculating new units decreases, the amount of the transaction processing commission is likely to grow - together with the cost of bitcoin.

[ninio]

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

It will actually more expensive before the supply of bitcoin be reach thats the functin of being decentralized of bitcoin and other altcoin everytime that it will decrease the supply the value will be move higher to prevent the stock of supply so in my opinion its not possible to reach the stock of bitcoin in just mining.

[gambitcoin53]

first of all, it is impossible to reach the limit of bitcoin supply, do you mean all the supply of bitcoin is already bought by users? even it only reaches half of the supply, the price will certainly very expensive as the supply decreases, no one could afford to buy the other remaining half of the supply, so definitely, it will not reach the limit. these changes in supply and demand creates traffic we called trend, that dictates the current price of bitcoin, even the slightest increase in supply will drastically creates panics from the holders, it is on a regular basis, so no chance of reaching the limit you've mentioned.

[btcprospecter]

The time before 21 million bitcoin mined is a long time away. And even when it is all mined miners will still earn with transaction fees. What will happen with the value is anyone's guess.

[julius caesar]

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

that's too possible to happen, the more that the supply decrese the more the Bitcoin being expensive, a marketing strategy in which if you really want something then get it using a higher amount of money, the more that it was lessen the harder for us to get income, onxe you stip and be confident you didn't know someone is stealing the opportunity that should be count unto you, betger to work harder.

[Fuhre]

hmm ,,, in my opinion, if in likened, Bitcoin is like gold in the real world, and like valuables, Bitcoin can not be created just like that.
as far as i know, there are some impacts when global Bitcoin supply reaches its limit.
first, the impact on prices that is, Bitcoin has seen a very sharp price increase in just the last few months, as late as 2017, the price exploded so quickly and fantastically, Although no one is entirely sure how this Bitcoin will continue to spread into the world with a much larger price, it seems that a limited supply of currency may cause prices to continue rising to the next levels.
second, the impact on the miner itself is actually two arguments about what will happen to the miner, that is,
Some say that miners will be forced away from the rewards they receive for their work once Bitcoin's supply has reached 21 million. in my opinion, this argument assumes that transaction costs alone will not be enough to keep Bitcoin miners financially dissolved once the mining process is complete.

# there is reason to believe that transaction costs and mining costs will actually increase in the future. So we can imagine it is not difficult that the mining chip will be small and very efficient. and furthermore, transaction costs may increase, and this can also help miners to stay in the world of cryptocurrency.

[Ridwan Fauzi]

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

Bitcoin will always be profitable, with the benefits that miners get before bitcoin prices and mining equipment are so expensive that they have gained a lot of money. So they will never stop mining even though bitcoin mining is difficult, they will find a gap to mine back.

Yes, if the miners are in trouble and the costs incurred to mine are very expensive then the price of transaction fee will be high too. But if this happens bitcoin will be mined so the price of bitcoin will soar, because the demand for bitcoin is very high. If high prices and high transaction fees I think it will not be a problem, investors and miners will benefit. But the problem is when bitcoin mining is very difficult and requires substantial capital, but in the bitcoin price market is weak, this will make a loss.

[Max.junior1]

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 it depends on the demand, if bitcoin is depleted mined from the total supply but there is little demand from society, then the value will remain (not up). So, it all depends on the conditions of demand and supply.

[Harleybtc01]

That is really promising if we reach the 21 million of bitcoin supply limit. If that would happen I am very sure that its price will be so expensive, as we know the demand and supply of bitcoin the more demand the higher its price will be. Therefore, many people would be more interesting to have it, so if you are a holder now it would be an advantage to you because you can sell it with a very high price value and will have a big profit.

[concept2]

I think that bitcoin will have the stable price or maybe we will die before bitcoin even reach 21 millions. Its hard to predict what will happen because it will occur around the 2100s which means only some of us can still alive. well, only our children can witness this event

[PsylockReborn]

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

That's the time that there will be no mining of bitcoins that can ever happened and the value of bitcoin will surely skyrocket. Lucky are those who hodl lots of BTCs while the price is so low and wait for that moment when acquiring bitcoin is already impossible due to its scarcity and mining difficulty. With regards to the transaction fees I strongly believe that it would be so expensive cos every fee is worth alot of money due to the value of BTC and since miners will never receive rewards then tx fees will skyrocket as well. When this happens the purpose of bitcoin will no longer be realized as a currency but merely a store of value.

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 it depends on the demand, if bitcoin is depleted mined from the total supply but there is little demand from society, then the value will remain (not up). So, it all depends on the conditions of demand and supply.

I agree with you on this (The law of supply and demand) but as what we can see now, bitcoin is still number 1 and there are still lots of newcomers to cryptoworld trying to acquire more btc as they want over time. So when we talk about the demand I strongly believe that the demand for bitcoin given the fact that its the best store of value when it comes to digital assets will still increase because as far as we know the higher the difficult mining bitcoin the higher its value.

[daarul50]

When supply is thinned, demand is not proportional to supply and maybe bitcoin prices will be higher. Transaction costs measured by bitcoin may be smaller than when bitcoin prices are still cheap. The higher the bitcoin price the smaller the transaction cost.

[btc78]

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, we all know that btc is a deflation coin. So, what happen to the price is pretty clear.

The good question is: why i have to mine if i can't have any btc as reward? you say right: transaction!

And the solution to not make transaction really expensive is to put more and more of in in every single block.

That made me think,what is the sense of mining when all the bitcoin has been mined already..or maybe they will transfer to altcoins?i dont know whats better to do right now?gather all that you can have until this time comes..but as far as i know the more the bitcoin has been mined the lower the reward miners get.so it means this can be long for another 10-50 years to mine all the bitcoins