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Author Topic: After mining all bitcoin  (Read 174 times)
Jating
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May 26, 2018, 11:02:37 PM
 #21

There are only 21m Bitcoins available for mining. Once all of those Bitcoins have been mined, no more bitcoin will be created then. What do you think will happen to bitcoin and its market after all mining are done.


Maybe you should ask yourself if you are still here in the face of the earth if ever the last bitcoin is mine because I'm pretty sure that everyone here will not see that fateful day.

Obviously when all bitcoin are mine, there will be none. But it doesn't mean that trading will stop, because there will be a lot of bitcoin users that will just HODL on it because the price will definitely skyrocket because its going to be scarce. Price may fetch in the 6 or even 7 digit mark. So its going to be business as usual for every bitcoin trader out there if ever they see this day happen.

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May 27, 2018, 06:21:37 AM
 #22

21m bitcoin is a huge amount. Right now the price is quite low so that the demand increases and people buy more bitcoins. That's why the price is not getting too much high. But, gradually,when the demand will increase more, the price will get so high that there're will be a less amount of people who would be able to do transactions. At that time the demand will also fall.
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May 27, 2018, 06:23:16 AM
 #23

Anyone can invest on bitcoin and it is very easy to use. If you invest on bitcoin that’s the meaning is you connected with crypto currency. Bitcoin is leading crypto coin in this market.
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May 27, 2018, 07:04:58 AM
 #24

I don't think ther will be any major changes after mining all 21 million coins. Bacause the trade will still be going on and transaction will be continued. So there is nothing to bother much about what will happen after all the coins being mined.
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May 27, 2018, 07:25:08 AM
 #25

As of now I don't think all bitcoin mined because like today the price decreased so the total bitvoin pieces will be circulated and the supply of the bitcoin is enough for sure. But incase the bitcoin supply has become 0 satoshi will do a soulution for that so don't worry.

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May 27, 2018, 07:38:28 AM
 #26

There are only 21m Bitcoins available for mining. Once all of those Bitcoins have been mined, no more bitcoin will be created then. What do you think will happen to bitcoin and its market after all mining are done.

then after bitcoin mined there will be a minor fluctuation of the growth rate IMO. but it doesn't mean it will collapse hard 'cause there's still a supply that can help bitcoin to stay on its circumstance. which is the demand and supply from all people who support bitcoin such big investor and holders that can control as well the growth rate nowadays.
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May 27, 2018, 08:08:38 AM
 #27

After all bitcoins are mined, it would greatly affect its value. Insufficient supply, high demand will lead to greater value. It doesnt mean that if there are no BTC to be mined it would be extinct. All of the existing coins mined are just reciprocating throughout the entire bitcoin world. Market will also changes and maybe some altcoins will replace it.

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May 27, 2018, 08:31:51 AM
 #28

it will not happen when bitcoin faces a period of crisis like a few more populations will remain the price will be more and more difficult to get before they run out the miners will no longer be able to get bitcoin cheaply.
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May 27, 2018, 08:35:56 AM
 #29

Well , I’m afraid that the prices of Bitcoin will rise very high then. It would be very difficult to invest on Bitcoin then, as it would go expensive then. Let's see what happens!
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May 27, 2018, 08:44:27 AM
 #30

After all biticoins been mined, the total supply will now be limited. If bitcoins is still essential for traders, then the few people who holds the total supply will determine the price they will like to sell it, and hence more money will be chasing few bitcoins and the price will be very high.
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May 27, 2018, 08:55:15 AM
 #31

We don’t know what will happen in the future, but technically if the supply is now limited the price will be high in value and maybe there will be no more demand or what. I still believe that bitcoin will be a great currency of the future and will keep on supporting this kind of technology.

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May 27, 2018, 01:24:59 PM
 #32

That shows the end of supply of Bitcoin and miners will change to another alternative crypto currency to keep them in business. And the value of Bitcoin will skyrocket in a positive direction since its demand will be higher than its supply.

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May 28, 2018, 12:03:52 AM
 #33

i m willing to trade on bitcoin, can't effort it. im thinking what would happen to the price after mining of 21m. Then bitcoin will be as precious as Dragon eggs.
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May 28, 2018, 12:55:49 AM
 #34

Yes around 80% of bitcoin has been already mined and only few amount of bitcoins are left. If all the bitcoins are mined the price of bitcoin will be soar.
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May 28, 2018, 11:52:26 AM
 #35

Agreed with you. but 1 btc can be divided into 1000000 pcs which is big amount. And I believe that this small amount can be enough to be traded for the future. However, there might come any solution if any shortage seen.
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May 28, 2018, 05:38:48 PM
 #36

There are only 21m Bitcoins available for mining. Once all of those Bitcoins have been mined, no more bitcoin will be created then. What do you think will happen to bitcoin and its market after all mining are done.


Problems will starting way before that. Because coinbase will be to small to secure network.   Bitcoin protocol will need to get changed to add more coins to coinbase. And that will need to happen in next 20 years time.

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May 29, 2018, 01:43:04 AM
 #37

There are only 21m Bitcoins available for mining. Once all of those Bitcoins have been mined, no more bitcoin will be created then. What do you think will happen to bitcoin and its market after all mining are done.

It is very difficult to predict what the price of bitcoin is going to do in the next week so it is almost impossible to predict what it is going to happen when the  moment in time you are talking about is not going to happen until the next century, so do not worry too much about such a thing because most people here in the forum are not going to see that day.
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June 01, 2018, 05:18:24 PM
 #38

There are only 21m Bitcoins available for mining. Once all of those Bitcoins have been mined, no more bitcoin will be created then. What do you think will happen to bitcoin and its market after all mining are done.

It is very difficult to predict what the price of bitcoin is going to do in the next week so it is almost impossible to predict what it is going to happen when the  moment in time you are talking about is not going to happen until the next century, so do not worry too much about such a thing because most people here in the forum are not going to see that day.

But most of us will hopefully see the day when coinbase will get that low that Bitcoin blockchain will not be secured enough just from it. So it is our problem.

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June 01, 2018, 08:11:24 PM
 #39

Until now there's a lot of bitcoin did not mine, so I don't think 21 million is enough for us for this year. But incase the demand out of stock they will add more bitcoin for sure and the person who do this is the one and only satoshi nakomoto the founder of the bitcoin and the price for sure is very high.

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June 01, 2018, 09:25:40 PM
 #40

The value of Bitcoin will so much increase because the demand will be so high as a result of low or supply at all into the market and that is when all the speculation of Bitcoin in the moon will come to fulfilment. I see Bitcoin reaching $50,000 at the time we reach such height in the total supply of Bitcoin.

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