How will Bitcoin survive after all 21M coins have been mined?

[Abiky]

Given how close we are towards reaching the limit of 21 million Bitcoin in circulation, I've been often curious to know the outcome of Bitcoin once all its supply is mined. Depending on Bitcoin's price in the future, miners could either continue to support the Blockchain or abandon it altogether. After all, there will be no more newly minted coins which means that miners will live off TX fees.

Nonetheless, what are your thoughts about this? Will Bitcoin survive even after all coins have been mined? What are the possible outcomes?

[elda34b]

There are definitely a lot of scenarios but all of them comes from the result of one question, will the incentive enough to make miners continue mining or not. Depending on the answer, we can at least predict two things: incentive is enough, so no problem. The incentive is not enough, some miners decided to leave, cause the hash rate to drop, make mining more profitable, more miners join the network, and it continues the cycle. Or, somebody decided to push something (BIP) and the network agrees.

Whatever happens, I think Bitcoin will stay.

[denzkilim]

If all the Bitcoin is mined then the miners will depend on the transaction fees that every user is doing on a daily basis and in my own point of view with this kind of scenario I do think that the demand for Bitcoin will also increase at that time because there are no more Bitcoin's to be mined and miners will not sell their Bitcoin's for a lower price, so there is a higher probability that the value of Bitcoin may increase dramatically at this point of time.

[BitMaxz]

Possible it may increase the Bitcoin value because the supply that generates from the miners has been stopped it may result in lower supply. So if the demand is stable the price might increase x2 or more.

I think for miner's they will still continue to mine but they are rewarded through transaction fees, not from the blocks.

Since bitcoin was being mined of almost 83.95% and 3,370,050 remaining I think it takes 50 or more years to see that all bitcoin was being mined and I think bitcoin price may become stable after all bitcoin was being mined.

[arbiter5]

They'll monetize through the transaction fees.

If you think miners would just ditch bitcoin after all the bitcoins have been mined, then you're wrong. There's so much money to make through mining if there are only a few miners. This is one of the genius ideas that Satoshi made. A lot of miners? Less profitability, hence some miners leave. Only a few miners? Profitability will go up, attracting more miners. There will never be zero miners.

[abyan@83]

That's for sure, I'm sure after bitcoin mined bitcoin will still be able to survive because of the bitcoin has very strong fundamentals so that bitcoin is King of all the crypto.

[ranman09]

There are definitely a lot of scenarios but all of them comes from the result of one question, will the incentive enough to make miners continue mining or not. Depending on the answer, we can at least predict two things: incentive is enough, so no problem. The incentive is not enough, some miners decided to leave, cause the hash rate to drop, make mining more profitable, more miners join the network, and it continues the cycle. Or, somebody decided to push something (BIP) and the network agrees.

Whatever happens, I think Bitcoin will stay.

*a little more newbie approach;

Some miners will leave because of the small incentive > hash rate will drop causing network to be a little bit slower but fees go to the same miners every now and then causing mining to be profitable again > Some of the miners who left will go back because mining is again seems to be profitable.

If this is the case sure indeed bitcoin stay.

[MakeMoneyBtc]

As long as people still use it I don't see a reason why bitcoin wouldn't survive after all 21M coins are mined. Given the fact that there still is a long process until all coins will be mined, bitcoin is going to become more popular so it will have a higher demand. Also the price will most likely increase until then so I don't see how a market that is worth billions of dollars could die.

[pooya87]

Given how close we are towards reaching the limit of 21 million Bitcoin in circulation,

actually we are nowhere near the 21 million cap at all. don't let the big number that is the circulating supply fool you, each time the block reward halves the time it will take to get to the cap is increased.

how will bitcoin survive? maybe try reading about a thousand topics that have been created about it so far. it was discussed there enough times in my opinion.

[Bitinity]

Once all bitcoins are mined means that miners will not be rewarded with new bitcoin. They will only get income from the fees, but here is my opinion:
- Old miners will leave it because they think that they can make good amount of money and new miners will come in order to make money because they think it is a good chance since old miners are leaving.
- Regarding its price, as long as the demand is still growing then the price will keep on rising time to time.

[Abiky]

There are definitely a lot of scenarios but all of them comes from the result of one question, will the incentive enough to make miners continue mining or not. Depending on the answer, we can at least predict two things: incentive is enough, so no problem. The incentive is not enough, some miners decided to leave, cause the hash rate to drop, make mining more profitable, more miners join the network, and it continues the cycle. Or, somebody decided to push something (BIP) and the network agrees.

Whatever happens, I think Bitcoin will stay.

I hope so. While it's true that nothing lasts forever, Bitcoin has been able to retain itself after several years since launch. After all Bitcoins have been mined, miners could easily live off TX fees. But that will largely depend on the price per Bitcoin by then, since low prices can cause many miners to run off. As you've said earlier, it's a cycle where some miners leave while others join the network as difficulty decreases.

The only concern would be the Lightning Network, as it would redirect most of the attention from the main chain into a second layer that's off-chain. If many people prefer to transact only with the Lightning Network without interacting with the main chain, then miner's profitability would decrease for sure. Everything will depend on how sustainable the Bitcoin economy is, in order to support the needs of many miners worldwide.

Nonetheless, there's a possibility that Bitcoin will last for many generations as its self-sustainable. Just my opinion

[sheenshane]

Bitcoin will definitely stay as it is today. Miners will always stay as long as the incentives are nice. If not, those who are passionate about it will stay and the people who don't have benefits will leave. Some of the people know that every industry has bearish times. If the demand is low today, then tomorrow will be the sunshine. If the demand is high, enjoy and make sure to get ready for future struggles.
Meanwhile, the essence of the bullish market will come.

Bitcoin will survive no matter what since it was actually proven. Bitcoin will stay as the King of all cryptocurrency.

[rodel caling]

Actually in every problem there's have possible solution, I think it might be have an new solution before bitcoin reach 21M maximum mined. The technology can't stop to improve by the help of people ideas how to resolve this scenarios.

[Dingdongjl]

Nonetheless, what are your thoughts about this? Will Bitcoin survive even after all coins have been mined? What are the possible outcomes?

For me after all the bitcoins have mined it will not just survive but it will lead all the currencies, always remember that there are lots of needs and thats the reason why all of it will be mined if theres a lot of needs there will be lack in supply so therefore the price will surely go up.

[Abal Abal]

when 21 million bitcoins have succeeded in mine, in my opinion this will increasingly make bitcoin stronger. because the blockers can only get bitcoin from the exchange, besides that the bitcoin miners will also switch to the stock exchange. and scarcity will definitely occur. there will be many people who will hold their bitcoin assets.

[Mpamaegbu]

First off: There is never going to be 21million Bitcoin is circulation.

We have to take into consideration the bitcoins that were lost and never recovered.

On the economic aspect of reaching a maximum in supply, there will be scarcity. This is what will happen with Bitcoin and this will help skyrocket the price because demand will go off the wall with lots of people wanting Bitcoin. We shall experience a spasm of new ATHs when this begins to happen

[Mastercon]

Bitcoin will survive. You don't need to worry about it. After mined all coins the price of bitcoin wil increase. Let me remind you 80 percent bitcoin is mined and 20 percent are left. After completing rest 20 percent the price will be increase. If the bitcoin dead then investors will move to other coins and the price of that coin will increase too. Bitcoin can be end but crypto currency never

[Red-Apple]

when bitcoin block reward was 50 bitcoins the miners were earning about $5 per block they found. then time passed by and it halved to 25 bitcoins and miners by that time were making about $20000 per block! then it halved again to 12.5 bitcoins and by this time they were earning 60000 on average which also went as high as $300,000 per block (12.5 + ~3BTC fees * ~20000=310k).

now you are asking what will happen after about 100 years when the block reward is so small that the total circulating supply is close to 21?
the answer is you can extrapolate the price and see how that small reward is going to be worth a TON.

[richminded]

First off: There is never going to be 21million Bitcoin is circulation.

We have to take into consideration the bitcoins that were lost and never recovered.

On the economic aspect of reaching a maximum in supply, there will be scarcity. This is what will happen with Bitcoin and this will help skyrocket the price because demand will go off the wall with lots of people wanting Bitcoin. We shall experience a spasm of new ATHs when this begins to happen

The price will become too expensive and those bitcoin that we’ve lost can also help the price to grow because it makes the supply less while the demand for bitcoin are increasing. If all the bitcoin was already mined, that means that the mass adoption was happened already and it increased the demand for bitcoin. Stay positive, the future in cryptocurrency is awesome.

[cizatext]

Bitcoin is a deflating currency and at that the circle will continue as long as the price keep increasing and fee being paid, and even if the opposite happen it simply means some miner may abandoned the mining of bitcoin and option in to other coin.