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Author Topic: What will happen after the last bitcoine is mined?  (Read 633 times)
wxa7115
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July 27, 2018, 03:48:52 PM
 #21

Hello community. After the last bitcoin is extracted, will it become a mass payment unit in the world? Its price on crypto-exchanges will be stable? Share your thoughts, I'm very interested.
Just because all the bitcoin is mined in the future that does not mean that the price is going to become magically stable all of a sudden, in fact the limit of coins is one of the factors that causes the volatility of the market, fiat can be more or less stable because governments can print as much fiat as they want, in the case of gold while there is a limit in the amount of gold around the world we do not know exactly how big that limit really is since there is a lot of gold at the bottom of the sea which is impossible to access right now due to our limited technology, but we know the maximum number of bitcoins from the very beginning and when you add the number of coins lost and kept in cold storage then it is impossible for the price to be stable.

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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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July 27, 2018, 05:44:05 PM
 #22

Hello community. After the last bitcoin is extracted, will it become a mass payment unit in the world? Its price on crypto-exchanges will be stable? Share your thoughts, I'm very interested.
it is still very long, bitcoin in estimate habisa in mine in 2040 later.
on that, I'm sure if bitcoin has run out in the mine and become so scarce then bitcoin prices will rise high and of course it will be an asset most in search.
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July 27, 2018, 07:55:01 PM
 #23

then of course bitcoin will become very rare, from where you can draw conclusions.
just imagine the item or something that is difficult to find it would be very valuable, just like a bitcoin.
I am very confident in the future bitcoin will be the most investment in the search among investors.
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July 27, 2018, 08:00:58 PM
 #24

Hello community. After the last bitcoin is extracted, will it become a mass payment unit in the world? Its price on crypto-exchanges will be stable? Share your thoughts, I'm very interested.
I think that nothing will happen after the last bitcoin is mined. Although this is not for us to see, but nothing unusual will happen. The volatility of bitcoin will not decrease from this. If by that time it reaches large values in the price, then, most likely, volatility will even increase, as the amplitude of price fluctuations will allow it. However, by 2140 bitcoin, if it survives to this time, will be completely different, with completely different possibilities.
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July 31, 2018, 12:20:04 PM
 #25

As far as I know, this is a forecast for about "in 20 years". It is good that the resource is exhausted, because unlike oil, it involves competition. First, for a short while the exchange rate will be stable, then fall, then they will sell Bitcoin as coins of Nicholas II)

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August 04, 2018, 06:03:53 PM
 #26

In fact, nothing significant will happen. Bitcoin will continue to live, but its value can grow over time, provided that will remain popular.
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August 04, 2018, 06:44:04 PM
 #27

Hello community. After the last bitcoin is extracted, will it become a mass payment unit in the world? Its price on crypto-exchanges will be stable? Share your thoughts, I'm very interested.

I cannot see any of your points being fulfilled.

There isnt going to be a mass influx of people willing to use bitcoin just because the last coin is mined.
mining will continue because transactions will still have to be calculated and confirmed and miners will be rewarded by fees alone.

The prices will not remain stable either, it will still be a decentralised and unregulated technology so
Trading, buying, selling and speculation will continue.

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August 04, 2018, 07:07:43 PM
 #28

Hello community. After the last bitcoin is extracted, will it become a mass payment unit in the world? Its price on crypto-exchanges will be stable? Share your thoughts, I'm very interested.

There is not way for the price of cryptocurrency in the market to become stable because the price is always based on demand and supply so we should always expect drastic changes in the market value.
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August 08, 2018, 10:58:19 AM
 #29

After Bitcoin is over, they will be replaced by new crypto-currencies, allowing them to replace bitcoin with dignity. And I hope that it will all be announced in advance, so that no one went bankrupt.
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August 08, 2018, 03:14:31 PM
 #30

If the last bitcoin is mined, I think they will continue to mine BTC, because BTC's network needs BTC, the transaction fee as the miner's fee.

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August 08, 2018, 04:15:29 PM
 #31

bitcoin prices will never be stable, even after the last bitcoin was successfully mined. that means there are only 21 million bitcoin in circulation and that will make bitcoin prices tend to rise.

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August 10, 2018, 05:39:35 PM
 #32

People will start mining another cryptocurrency or developers will roll out another hard fork. to ensure that miners continue to receive awards for their computing power.
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August 10, 2018, 11:11:28 PM
 #33

There's a lot of possible happen to bitcoin once last bitcoin mined, 21 bitcoin supply and as of know they have millions of bitcoin are not sold. If bitcoin last mined possible price are very high or going to dump fastly or satoshi nakomoto add more bitcoins.
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August 11, 2018, 05:14:28 PM
 #34

People will start mining another cryptocurrency or developers will roll out another hard fork. to ensure that miners continue to receive awards for their computing power.

Yes it was actually possible and cryptocurrency will continue to grow even more in the future so we can always say that bitcoins is really good for long term investment.
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August 11, 2018, 08:38:05 PM
 #35

Hello community. After the last bitcoin is extracted, will it become a mass payment unit in the world? Its price on crypto-exchanges will be stable? Share your thoughts, I'm very interested.
Then the Miners will still be mining the blocks just in order to gain those transaction fees present in that block as at that point of time bitcoin will be very popular amongst people and the transaction fees will be enough to cover the electricity cost along with some profit.
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August 12, 2018, 06:39:26 AM
 #36

which is a problem if bitcoin is used up then the miners will play their fees as they wish, and the fee may not go down
if there is no solution, maybe people will actually move to the altcoin because bitcoin makes no sense in it. bitcoin can still live, how to turn it on is by using bitcoin as a payment method in every purchase of any item. And remember, at that time the price of bitcoin will scratch the sky, this is because of the scarcity of supply.
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August 13, 2018, 11:25:36 AM
 #37

There are only 21 million bitcoins that can ever be mined, regardless of the earth’s population and its corresponding demand for bitcoins. Once all 21 million have been mined, there will never be any new bitcoins (unless a change to the protocol is made to increase the supply). Roughly it has 17M bitcoins circulating. Though 21M is near still it is far enough to achieved the max supply. Lets just enjoy now since it havent reach its max supply.
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August 13, 2018, 01:12:09 PM
 #38

Hello, it's still very far from the time when the last bitcoin will be mined /in the media is that the end of mining will come in 2140/. I rather think that Bitcoin will never be mined. Every four years, the reward per block is divided by half. Total should be 21 million Bitcoins. We will never get the exact number of 21 million BTC, we can only get close to the number. Finally, the reward for the block will be negligible and the network will work almost exclusively through transaction fees. BTC will definitely be a single currency in the future, certainly on the Internet. Unless the BTC will be traded on exchanges, the value will not be stable.

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August 14, 2018, 05:41:29 PM
 #39

If we are talking about whether there will be enough for everyone 21 million bitcoins, then there is no problem. More than enough, as each bitcoin 100 million Satoshi. Bitcoins will be enough for all inhabitants of the Earth. If we are talking about whether transactions will be confirmed in the network, if the finding of new blocks stops, then there is no problem here. Transactions will be confirmed as now, as there is a fee for the transfer.
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August 14, 2018, 06:35:53 PM
 #40

which is a problem if bitcoin is used up then the miners will play their fees as they wish, and the fee may not go down
if there is no solution, maybe people will actually move to the altcoin because bitcoin makes no sense in it. bitcoin can still live, how to turn it on is by using bitcoin as a payment method in every purchase of any item. And remember, at that time the price of bitcoin will scratch the sky, this is because of the scarcity of supply.

You have a point that people might switch to altcoins in the future and ethereum might be pumping so hard at that time but there is also a chance that the price of bitcoins will grow even more due to shortage.

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