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Author Topic: 20% of Bitcoin Remaining?  (Read 230 times)
evichi
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May 11, 2018, 03:32:06 PM
 #1

A report have it that out of 21million Bitcoins, 16.8 million coins have been mined (investipedia). This means 80% of the coins have been mined. That means we have fewer coins available till 2140 (when all the coins would be mined). The question is, What will be the value of bitcoin? What is the current rate of mining?  Will the price go up too high because the remaining Bitcoin is small?

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May 11, 2018, 03:41:12 PM
 #2

It is true that there is only 20% bitcoin left to be mined until the end of 2140, and I also feel that this is a very small price and always expensive.

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May 11, 2018, 03:43:50 PM
 #3

A report have it that out of 21million Bitcoins, 16.8 million coins have been mined (investipedia). This means 80% of the coins have been mined. That means we have fewer coins available till 2140 (when all the coins would be mined). The question is, What will be the value of bitcoin? What is the current rate of mining?  Will the price go up too high because the remaining Bitcoin is small?


It is not a question of having a small amount of bitcoins but rather it is a question of the demand for bitcoin. Even if we have a small amount of bitcoin but the demand is much smaller then bitcoins value will not go up. But the community is very positive that bitcoin will really hit a huge value and will even surpass a 100k $ value in the future.

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May 11, 2018, 05:52:52 PM
 #4

There are a total of ~16 million bitcoins in existence, and 21 million total will be available. Therefore, there are ~5 million bitcoins still to be mined from now until around 2140.

aces777
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May 11, 2018, 05:54:25 PM
 #5

4.9 million bitcoins are left. The last bitcoin will be mined in the 2140.

Also, there is a hard cap of 21 million bitcoins. This cap on the amount of bitcoins is why it’s respected as a store of value, like gold.

But did you know that 4 million bitcoins ($USD 20 billion) have vanished already? 4 million bitcoins is between 17% to 23% of its total supply.

So there will be appreciably less bitcoins than 21 million in future.

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May 11, 2018, 06:09:41 PM
 #6

The question is, What will be the value of bitcoin?
Depends on the market cap but as the supply is getting lower, value of bitcoin can go higher.

What is the current rate of mining? 
Compute it.
https://www.coinwarz.com/calculators/bitcoin-mining-calculator

       
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Mr.Dick
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May 11, 2018, 06:12:53 PM
 #7

There are a total of ~16 million bitcoins in existence, and 21 million total will be available. Therefore, there are ~5 million bitcoins still to be mined from now until around 2140.

minus all the fees of transactions going back in the pool...

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May 11, 2018, 06:28:06 PM
 #8

The question is, What will be the value of bitcoin? What is the current rate of mining?  Will the price go up too high because the remaining Bitcoin is small?

A better question for you is, how do you expect anyone to predict the price of bitcoin in over 120 years?

The concept of supply and demand charges that if demand stays constant and supply goes down (which would happen when mining ceases) the price will stay stable. If demand is increasing and supply goes down or stays the same the price will go up.

As for the mining rate, Blockchain.info/charts has a lot of the detail you're looking for.

FarSeeR_H
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May 11, 2018, 06:41:07 PM
 #9

And the value of the coin will be increased because it gets rear and rearer Smiley
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May 11, 2018, 06:42:05 PM
 #10

I really don't care what the price would be then, what I care for is the number of BTC I would have in my wallet then, at least one should strive to have 1BTC because the fundamentals are very strong, we are about reaching the time when what people would be talking about would be the Satoshi which is the unit of BTC, so holding 1BTC them would be a great thing to have.

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May 11, 2018, 06:48:55 PM
 #11

it all depends on demand because if there is too high demand there obviously there will be an increase in price but if the people lose interest it will not effect in any way.

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May 11, 2018, 06:49:23 PM
 #12

Since the total amount of Bitcoin is fixed, so the price will possibly keep rising. I think this is the main reason why the price of Bitcoin started to raise so high in 2017. But in this year, the price seems to stay a little lower over all compared to last year. I don't we have to wait many years to mine all the Bitcoins. When it's all mined, I think the price will become a little  steady in around $10K.
peymanrmi
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May 11, 2018, 06:58:39 PM
 #13

by now 17,027,825 bitcoin mined
as the hash rate of the network will be increased block rewards will be reduced
so by the time, the energy that used to mine a bitcoin will be increased and of course effects its price
brickafterbrickwalldpt
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May 11, 2018, 06:59:24 PM
 #14

Every 4 years, the amount of bitcoins given as a reward to a miner who solved a block is halved. The predicted date of no bitcoins left to mine is something about 2140 as you said. We don't know what will be the value of Bitcoin by that time and it's not possible to make a good prediction. Bitcoin might be replaced by some other cryptocurrency in the future or simply get hacked. I think that Bitcoin value might be actually high in 2140, maybe even a few millions of dollars.

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May 11, 2018, 08:07:27 PM
 #15

out of box thinking

2010 mindset:- theres only 18million coins left, at current prices ($0.01) thats only $180,000 of value left
2018 mindset:- theres only 400 trillion satoshis left, at current prices thats only $34,000,000,000 of value left

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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May 11, 2018, 08:19:01 PM
 #16

in my opinion,We don't know what will be the value of Bitcoin by that time and it's not possible to make a good prediction.so i beleive we can  raise the value of bitcoin if we stay in bitcoin and not get out of it.
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May 11, 2018, 08:19:59 PM
 #17

There are a total of ~16 million bitcoins in existence, and 21 million total will be available. Therefore, there are ~5 million bitcoins still to be mined from now until around 2140.

There are 17 millions mined coins, how about you do a research before posting ?

4.9 million bitcoins are left. The last bitcoin will be mined in the 2140.

3.9 are left, same for you, stop posting stupid things.

And the value of the coin will be increased because it gets rear and rearer Smiley

No , this ain't a porn movie!

I don't we have to wait many years to mine all the Bitcoins.

Oh yes we do, till 2140.

as the hash rate of the network will be increased block rewards will be reduced
so by the time, the energy that used to mine a bitcoin will be increased and of course effects its price

Hashrate has nothing to do with the reward halving. The reward will halve at the same block even with 100x ot 1% of the current hashrate.
The energy needed to mine a bitcoin is not affecting the price. It's the price of bitcoin that affects the hashrate and thus the numbers of miners and the kwh needed to mine a full coin.


The question is, What will be the value of bitcoin? What is the current rate of mining?  Will the price go up too high because the remaining Bitcoin is small?
A better question for you is, how do you expect anyone to predict the price of bitcoin in over 120 years?

Yeah, we can't predict the price for the next 5 days and we're going to predict the price in 2140....
But I think the better question would be..."Why the hell would somebody care what the price in 2140 is going to be?"
I for sure don't give a damn.

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May 11, 2018, 08:21:05 PM
 #18

In the next hundred years all Bitcoins will be mined. For sure all of us here are dead on that moment. Bitcoin must be very expensive on year 2140. And miners are not mining anymore  but just confirming the transaction.

There is also a huge possibility that Bitcoin is already replaced by a new technology, a technology better than blockchain. Many things could happen or will popup  140yrs from now.

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May 11, 2018, 08:33:00 PM
 #19

Will the price go up too high because the remaining Bitcoin is small?

this will depend on if there is a lot of demand, and from what you can see the governments are being relentless to the world of the crypto, you just see this:

S. Korea’s Largest Crypto Exchange Upbit Investigated By Police, Markets React

probably this has affected the price, then you should imagine that if many governments are tougher against bitcoin then the price may fall and fall, we need to expect that in the next years governments have made less heavy regulations against bitcoin, which are regulations that create a lot of demand for bitcoin

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May 11, 2018, 08:44:17 PM
 #20

based on the assumption of my own observations bitcoin prices will soar because the total of 21 million is almost 80% mined and circulated, the less total supply will make the bitvoin increasingly rare and automatically surely the price soaring
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