evdoksi
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March 26, 2018, 11:42:21 AM |
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Once all coins are mined, I think the price will increase. However, there are many years for this to happen and I think bitcoin will not survive till then.
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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hot_ads
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March 26, 2018, 11:43:13 AM |
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By the time the BTC is exhausted, the BTC should be the digital gold. So I don't think we need to worry about that.
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Arvydas77
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March 26, 2018, 11:46:28 AM |
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Bitcoin will not collapsed after 21 million coins are mined. This is one of the fears among bitcoin users as if this is the end of the world for bitcoin. But let us discuss two kinds of things wherein miners would earn; first from mining bitcoins and second is through transaction fees. This would mean that even all of the bitcoin were mined miners will still work and their work is to process blocks of transactions and confirm it to avoid double spending. Thus even if all bitcoins are mine bitcoins will still be there and we can still continue to enjoy using it.
Bitcoin is new money for millennials. It will not be used by majority of world population not to say about store of value function. In my opinion Bitcoin was experiment. It will not have any value when governments will find out how to track and control your BTC. |
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The_Real_One
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March 26, 2018, 12:25:02 PM |
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If one owns 10 BTCs in 2140, each BTC being £1m, thus value of owning 10 BTCs = £10m, these owners are going to mine/run a full node, in order to protect the network, regardless of block reward. It's blooming common sense. Do not panic at all.
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joel123
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March 26, 2018, 01:34:33 PM |
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After the 21 million coins are mined that would mean an end of supply of bitcoins. This only means one thing, demand will keep growing while supply will halt which will drastically increase the price of bitcoin.
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newBIeT
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March 26, 2018, 01:53:31 PM |
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First point, worrying something that is least to happen 122 years from now. (For sure we are totally decomposed that time)
Second point, given that all bitcoins are mined, meaning they are in people's possessions, and it will only revolve around people to people to people. People are mining bitcoins for future use they wont keep it and let it be kept until all people who owns bitcoin dies. Right?
Third point, technology continuously developes , with due respect for the present technology, in 122 years it will change and i know that it'll change for the better. Great people will still exist, and they will not sit down and watch the downfall of every technology that is created for the benefit of the people.
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Wayan_Pedjeng
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March 26, 2018, 01:57:07 PM |
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The last coins will be mined in about 122 years from now, so we don't need to worry about it. For heaven's sake, there is no guarantee that the human race is going to survive until 2140.
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Ondongeric18
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March 26, 2018, 02:00:26 PM |
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I believe it could happen. When people could no longer be able to gain, surely they will be selling their bitcoins because holding it would mean nothing. It will then go back a value somewhat a bit closer to the maximum value then goes stable with nobody gaining much. Unless people will jump to other currency leaving bitcoin value to drop even more and the volatility will then again play a role for it to become worth investing.
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iram1011
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March 26, 2018, 02:08:41 PM |
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Supply will gradually decrease with every four year halving and will ultimately become zero when 21 million coins are mined. But that figure will reach in 2140. After that Bitcoin will have negative inflation. A deflationary currency will naturally has positive price movement. Since, demand is expected to increase in future, the limited and no supply will give the positive price curve. There won't be a collapse due to 21 million bitcoins being mined, but it might happens because of the no utility or intrinsic value.
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millenniumcoin
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March 26, 2018, 02:26:36 PM
Last edit: March 26, 2018, 02:46:19 PM by millenniumcoin |
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Bitcoin has a limit to the number of tokens it will release. That number is hard-coded at 21 million. The estimated date of Bitcoin issuing its last coin is believed to be in the year 2140. No one can predict what will happen at that point, but miners will always earn some profit from transaction fees. Plus, users of the blockchain and the Bitcoins themselves will be incentivized to protect the network, because if mining stops, Bitcoins become vulnerable and so does the data that has been locked into the blockchain.
Bitcoin reaching it hard cap of 21million will not collapse at all. Just imagine when bitcoin hit it's all time high of 20000$ ,it becames scarce (limited in supply and higher demand )and it also increased it values , awareness, more acceptability, more recognition ,more applications into business, etc. world wide .Again Minner may not stop simply because Bitcoin has reached it's hard cap 21 million because, at that time,there must be control put in place to monitor every transaction that come into the block from everyone using bitcoin for various reasons and purpose. In a nutshell, miner will always there to over see that every transaction that come into the block are genuine . |
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passioncrypto
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March 26, 2018, 08:14:08 PM |
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A long way to go! Isn’t it unnecessary to think over those things which will happen when you will be no more probably!
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yulionoo
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March 26, 2018, 08:18:44 PM |
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yes it can be.
but how if the develop supply the coin?
you know that bitcoin have name, popularity. im sure many people want bitcoin long live. but if no, i think the other crypto will replace bitcoin. but we dont know about thw future. just do right now,
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1Referee
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March 26, 2018, 08:44:22 PM |
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Demand for block space = miner income. Even with how LN operates (an off-chain application), it still depends on block space at the beginning and the end, because opening and closing channels require entities to pay an on-chain fee. Combine that with plenty of standard on-chain transactions, other tasks requiring block space, the miners very likely won't have anything to complain about if the price continues to go up. I wouldn't even be surprised to see miners scoop up at least a few BTC in miner income per block, which has already happened last year. I have seen 5BTC block fees go through due to the insane demand for block space. Sure, the hype of last year and an massive spam attack did their work too, but it can be seen as a sneak peak of what things will look like later on.
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akemi1487
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March 26, 2018, 08:55:50 PM |
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I believe until there someone will have developed an option to make it last more time, even today there are people already trying that, and new alt-coins being born from such discussions.
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PatronRH
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March 26, 2018, 09:04:35 PM |
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For a currency to fail it either experences recession or if it explodes. Yet for now in order for bitcoins to work miners regulate and control transactions. In return they get new bitcoins. When its all mined that wouldn't simply work so either it will collapse or the system will change the bitcoin will be regulated and centralized and we will have another partner to control the transactions meanong that the whole structure and concept of BTC will have to change.
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cryptoroi
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March 27, 2018, 08:32:57 AM |
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Well it’s a long time, and a huge amount. It’s quite impossible to predict something of that distant range. Greatest thing about technology is it is always open to better technology to take place. For now, chill buddy.
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weertgilders
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March 27, 2018, 10:21:58 AM |
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Wouldn't all the coins being mined cause a surge in demand instead because people will know that there was no way to get any more bitcoins without buying? Which would just increase it's price and value?
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commlinx
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April 09, 2018, 01:31:39 PM |
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Mining coins doesnot determine if the coin will survive or not, and remember that miners don't only benefits from generating now coin but miners also benefits more from all our transaction we carry out every seconds on the blockchain, generating the entire 21m bitcoin will not stop companies from still mining the coin, this means that bitcoin cannot and will not go anywhere even if all coins are mined.
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ostrovagaly
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April 10, 2018, 12:09:03 PM |
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Well, surely the bitcoin is being mined, we have nothing to worry about in the near future because it will still be relevant.
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rommelzkie
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April 10, 2018, 12:13:17 PM |
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Bitcoin has a limit to the number of tokens it will release. That number is hard-coded at 21 million. The estimated date of Bitcoin issuing its last coin is believed to be in the year 2140. No one can predict what will happen at that point, but miners will always earn some profit from transaction fees. Plus, users of the blockchain and the Bitcoins themselves will be incentivized to protect the network, because if mining stops, Bitcoins become vulnerable and so does the data that has been locked into the blockchain.
Another bitcoin hardfork will solve that issue. The possible thing to happen is that bitcoin mining will still continue and the payment for miners is the transaction fees. Or. There will be additional 21 million bitcoin. |
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