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?

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[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.

[pushups44]

My thinking is transaction fees will incentivize miners to secure the network once all 21 million have been mined, which to me implies a very high value to justify the energy expenditures.

[NavI_027]

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

This question has been ask many time before but here's my opinion about it , I only think of one possible thing for it to survive — It's demand will rise even more which means greater price due to the limited supply. However, I am doubting that we will choose to hold an obsolete coin in the long run, I do believe that time will come will people lose interest into this thus price will fall down very hard and we tend to find another coin we can rely on which is either the second placer (eth or xrp) or another fork of btc.

Nonetheless, don't worry guys. We're still far from reaching that point, just continue enjoying the benefits we could get from btc and make the most of it while it lasts .

[Beerwizzard]

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.

The problem is that back in the early days I could easily mine a block with a help of my laptop. Now I would have to buy some more serious mining equipment and probably join a pool to do that.
The amount of required investments is also growing. The question is what grows faster: block reward or equipment prices?

[qwertyup23]

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.

The primary factor that determines the price of bitcoin is the law of demand and supply. Assuming that by the year 2140 all the bitcoins are already mined, supply will decrease while demand will increase resulting to a significant increase on its price. Now that there are no bitcoins no mine, miners would simply maximize their profits from transaction fees.
Currently, the price of each transaction depends upon the current price of bitcoin in the market. I doubt that miners would abandon their work but expect a fewer people engaging into this kind of business.

My thinking is transaction fees will incentivize miners to secure the network once all 21 million have been mined, which to me implies a very high value to justify the energy expenditures.

That is actually true. No more coins to mine but the compensation would shift to the transaction fees paid. Assuming that the price of bitcoins increase in the future (which would inevitably happen), transaction fees would be their saving glory in order to compensate high energy fees.

[slaman29]

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?

The model of economics for Bitcoin has been very well thought out. And it's already survived for 10 years and the model looks extremely well defined taking into account scarcity, price, mining efficiency. We don't know how things will work out but miners yes will only use tx fees, which means price will have to be really high for miners to continue securing. But I believe we'll see many new things work out we can't foresee now.

[1miau]

The question is what grows faster: block reward or equipment prices?

Equipment price will always depend on the ROI more or less. On average, the price set by most ASIC manufacturers is equal to around 1 year of ROI (maybe a little bit more) to get your invested money back. Right now, the difference is that someones ROI is extremely depending on their electricity price. While the price per mined BTC is low and you have to pay the electricity in USD a big part of the mined BTC have to be spend to pay electricity costs. A different solution would be to produce your own (renewable) energy and use it for mining.

The ROI-based ASIC-prices are also a reason why people who bought miners back in late 2017 / early 2018 have now huge problems to get their ROI by mining that they've invested in miners. They bought them when the ROI was very good but since then the price of Bitcoin went down and the difficulty went up.

[okala]

The 21million bitcoin total in circulation will not be mind in any time soon as you have rightly said bitcoin is a deflating commodity and at that as it demands increase the price will balance the equation which will not allow bitcoin to be fully mind. And even if the miner's abandoned bitcoin that will only increase the harsh rate for the small miner's that will remain in the mining business.

[A L I E N]

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.

Although many of us will not see it as the event is expected in approximately 40 years, I am sure, Bitcoin will survive. Moreover, its price will be great. If our children deal with this crypto, they can be rich.

[Meysa_richa]

it is true and very many people are also waiting for the end of bitcoin mining, but I strongly believe that bitcoin at that time will experience a very high price increase.

[matej451]

I am sure there are many scenarios they took place at inventing a bitcoin. Sure some unpredictable are still in place. But nevertheless, the fork is still in place to make more coins.

But I think we are still far from this point The closer we are higher the price of BTC.

[Carlton Banks]

Bitcoin is a deflating currency

no it isn't

• supply inflates (miners mine)
• price inflates

ergo, Bitcoin is an inflationary currency


the whole point of this thread hinges of the fact that the supply of Bitcoin hasn't finished inflating yet. did you notice that?

[zenrol28]

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?

Is year 2140 close to you? All of us here today are dead by that time and why do we care if we're dead already? Let the next generations solve it. Bitcoin will survive. But I'm not sure if Bitcoin will still be in the top spot. There might be a better one on it's way.

[waynechong1995]

It depends on miners to sustain the network, and it decades to get bitcoin down to an irrelevant amount of mining rewards, who knows bitcoin could still be the king of crypto in recent years, blockchain is about everyone securing the blockchain with some form of involvement, online or offline, still bitcoin value would be still important, like how gold will stick be relevant even the earth resources depleted

[carter34]

I think that every difficulty will have an expiration time. The expiration time posits that , there are always solution. In this angle, I'm sure bitcoin will increase because there will be high interaction of demand and supply.

In effect, it will lead to increase in the usage of other established coins and that will be a growth in the system of crypto.

[SiDtHeBeSt]

We are still some time away from all the bitcoins getting mined. Of that time comes it might result in bitcoin process going very high as once the supply would be limited demand would start increasing and when supply decreases and demand increases prices also go up
.

[bhabygrim]

I think we don't really have to overthink it.
Basicaly the miners would still get profit from the transaction fee's so they would still earn.
And the demand would be high so the price per Bitcoin would grow since we already hit the max supply.
And I think once the price of Bitcoin rise up the transaction fee would also increase so the miners would also have a good profit.

[Adriano2010]

The miner will still make profit on transaction fees, or maybe the difficulty will be lower after all bitcoins are mined, but i'm not sure, until then a lot of time need to pass, with all halving rewards bitcoin over the year.

[ivankozloviz]

Of course, he will survive, by that time he will be on a par with gold and cherish due to his shortage, because he has a limited number of coins in circulation, only 21 million + the support of institutional investors will greatly raise the price

[bitcoin-shark]

personally i am sure that bitcoin will survive even after it can be no longer mined, indeed its value will grow a lot because it will become more rare and difficult to obtain, it will be used as a fee or as collateral for loans, maybe just its dominance will go down a little...

[brian.newman]

Of course, he will survive, by that time he will be on a par with gold and cherish due to his shortage, because he has a limited number of coins in circulation, only 21 million + the support of institutional investors will greatly raise the price

Don`t you think that it will be replaced by other blockchain platforms with more advanced technologies, and remain only as a historical relic?

[thirdlight]

Of course, he will survive, by that time he will be on a par with gold and cherish due to his shortage, because he has a limited number of coins in circulation, only 21 million + the support of institutional investors will greatly raise the price

Don`t you think that it will be replaced by other blockchain platforms with more advanced technologies, and remain only as a historical relic?

I agree, sooner or later there will be a more promising and progressive coin and replace Bitcoin, and Bitcoin will come to the background. But this is the future.

[daarul50]

We see first in terms of its use after all bitcoin has been mined. bitcoin will definitely survive but maybe I think bitcoin will switch functions. So, it all depends on how the development of blockchain technology is going forward. If this technology is widely adopted by various parties and bitcoin is legalized by all countries as a legitimate payment instrument, bitcoin will become a very rare currency so that the interest will be even more and thus the price of bitcoin will be even higher.

It could be that bitcoin is experiencing a steady decline that won't be too significant because everyone who owns bitcoin will keep it until they get the price they want.

[sandra_x]

At this stage, I don't think anything can "kill" bitcoin, the fact that miners may not longer be receiving block rewards when all the 21 M bitcoins have been mined maybe compensated for by the large number of transactions being processed. It is expected that adoption would have reached a global scale.Everyone uses been bitcoin for retail purchases. Imagine we are having a 1000 x or more of the current transaction volume, that will be enough incentive for miners to keep running their nodes and confirming transactions

[mrdeposit]

Probably yes. I do not know what miners will do, but money from transactions may be enough. Because if btc can survive until last one, price will increase tens times and transaction fee will be high.

[1Referee]

Don`t you think that it will be replaced by other blockchain platforms with more advanced technologies, and remain only as a historical relic?

Advanced technologies suck balls in the world of crypto. This isn't Silicon Valley where every new piece of tech overtakes the previous tech doing the same thing, but less efficient. Bitcoin's network effect is unmatched and pretty much equal to that of the USD in dominance terms. Everything in the world is tied to the dollar, just like how everything in crypto is tied to Bitcoin.

I have said it before and I'll say it again; if there is ever going to be a crypto replacing Bitcoin completely, then this whole space is fucked. Every coin people assume is safe will be taken over just as easily. Bitcoin is a completely different asset/tech/protocol. It's a revolution.

[franciscoDC]

Bitcoin has still popularity and i think it can still survive and after many years but i could‘nt say that it will still number one in crypto after many years because now there are so many promising project and many token/coin that totally we need in our daily life.

[minersday]

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?

Have you ever thought to find out where the transaction fees charged for sending Bitcoin goes to ? For me, I believe that when the last 21 million Bitcoin is mined, miners will still be paid with the transaction fees charged to send Bitcoin. If not so, then i think the limit will be increased to help generate new Bitcoin to keep the Bitcoin blockchain network going.

[cellard]

There are theories which say whover is still around by 2140 will have to deal with some sort of hard fork that introduces a certain % of inflation. This is not clear to me. If by 2140 the prophecy has been fulfilled (that any transaction worth recording is on the blockchain, whether directly or by second layers) the incentive for miners to keep mining will be there more than ever. The fees will be enough.

I have heard a proposal that says something along the lines of re-introducing satoshi's coins slowly as mining rewards. This would end the constant risk of "satoshi coming back and dumping" and create that plus for miners.

Whatever happens, I doubt increasing the total supply will ever get enough support. Thus far I don't see a convincing argument that says permanent inflation is a must to survive long term.

[Malsetid]

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?

Have you ever thought to find out where the transaction fees charged for sending Bitcoin goes to ? For me, I believe that when the last 21 million Bitcoin is mined, miners will still be paid with the transaction fees charged to send Bitcoin. If not so, then i think the limit will be increased to help generate new Bitcoin to keep the Bitcoin blockchain network going.

Why do people think it's such a negative thing once the last satoshi is mined? I mean there are still the 21m coins that'll be in circulation right? If anything, that could mean less volatility, higher value and people willing to use it for transactions. I mean, that's what btc was made for right? With a limited number of supply and probably the demand increasing, it should be good news.

[lyks15]

21M coins have mined and are you wondering why bitcoin survive? It is simple. Bitcoin is a king of business. Once you purchase bitcoin or you invest in bitcoin,people or organization behind bitcoin is have an income. Imagine the number of bitcoin users and investors all over the world. I think 21M does not affect their operation or their income.

[xvids]

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?

Bitcoin would still survive it and miners too,
They could still get profit from transaction fee and I think when every Bitcoin is mined the BTC is already being used as a payment system.
So the there would still be a huge number of transaction daily for the miners to gain profit.
And I don't think that there would be a negative effect once all of the Bitcoin supply has been mined.

[antisocial77]

If bitcoin dont improve itself for speed and transaction fees, bitcooin will lose its throne to another project.crypto is getting bigger everyday and there is no limit.

[darklus123]

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.

Is it because of the difficulty increase that it would still take around 50 years just to mine all the coins?

I'll just hope that it will be more beneficial to miners getting their rewards from the fees rather than from the blocks

[madrogue]

I think if bitcoin supply increase after 21M bitcoin mined. Their price is difficult to grow fastest like in 2017.
But if their supply not increase, its possible if bitcoin to the moon.

[kryptqnick]

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.

I guess that we won't live until the time when all of the bitcoins are mined because of the halvings. Now that I think about it, the idea of halving reminds me of Zeno's paradox of dychotomy in a way. Can't it be that the system is infinitely halving the tiny bits of the remaining coins? I mean, I am sure it's not the case currently, but perhaps the Dev team could make it so eventually, so that mining never ends while the supply never reaches full 21 million coins.
Anyway, in case they are mined, I think you and others are right that miners will be fine enough with the fees. If more people use Bitcoin at that time, the rewards would become far bigger for them, and they won't leave.

[jpnl0005]

i think the whole process is being recycled and still exists within the circulation space, it is true that loads of bitcoins and to be exact, about 5 million of the bitcoins have been lost but then the ones in existence keeps recycling so it never puts an end but if it does end, loads of other coins can be used in its stead.

[raise001]

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

This question has been ask many time before but here's my opinion about it , I only think of one possible thing for it to survive — It's demand will rise even more which means greater price due to the limited supply. However, I am doubting that we will choose to hold an obsolete coin in the long run, I do believe that time will come will people lose interest into this thus price will fall down very hard and we tend to find another coin we can rely on which is either the second placer (eth or xrp) or another fork of btc.

Nonetheless, don't worry guys. We're still far from reaching that point, just continue enjoying the benefits we could get from btc and make the most of it while it lasts .

My thinking is always positive about bitcoin because of quantity limitation.That means it will never cross 21 milion its absolutely positive for investor because after completion of mining all bitcoin price must be increase.

[gesdan]

i think after 21 Million bitcoin already mined, the bitcoin price will stable in that price because we can see that the price of bitcoin is changing because of the suppy of the market is not stable, i think after 21 Million bitcoin already mined, the price of bitcoin will more stable and stable

[Artemis3]

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.

Old miners will leave much earlier. The closer we get to the year 2140 the slower the pace and profit in mining, its not a sudden on/off but gradually logarithmic. Mining profitability is going to disappear soon for those without free (ie. renewable) energy, those will be the last miners.

[Ucy]

The current or a lower transaction fees will most likely not be enough. They will have to adjust it higher in order to survive. The blockchain will probably change by then to better technology without miners

[manok jepang]

bitcoin Just like gold which must be mined from the bowels of the earth before being circulated in the market, bitcoin must also be mined digitally by miners or miners to supply circulation of bitcoin in the trading market. The fact is that there are only 21 million bitcoins that can be mined and circulated in the bitcoin buying and selling market unless there is a change in the protocol that increases the amount of bitcoin available. but we will never know whether bitcoin will last forever or not after everything is mined.

[KingScorpio]

new emerging capitalist have out of incentive a big interest to burn all bitcoins they earn, its same imperative that banned gold ownership in united states in 1932

[aylabadia05]

if indeed all bitcoin is mined and has reached 21 million, of course the price will rise very high, so that bitcoin becomes a rare item in this world.
enjoy and feel before reaching a supply of 21 million.

[Wildwest]

I think bitcoin will continue to survive even though all have been mined, it could be that the price will be much higher because at that time bitcoin will be increasingly scarce. Bitcoin is the forerunner of crypto, it makes no sense if bitcoin will die

[tunapa]

When this happens , then we will know we have all the total bitcoin in circulation and people will be careful to sell lower which will increase demand and boost scarcity. Then we can have price increase. Miners will continue to mine because there will be increase in daily transactions when all bitcoin has been mined which will give them also some good profit.

[Syakbrown]

I think as long as we are still using it, during that time bitcoin will live, and from time to time bitcoin will be more and more interested, so this will not end. and I consider that in the future bitcoin will be as important as fiat money.

[Deylandra]

How bad will the fees be once all coins are mined?

Will it be too expensive to send a transaction?

[Abiky]

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.

Good point. If Bitcoin's price becomes worth more over time, then miners would keep supporting the blockchain for many generations. A small block reward must be worth a ton of money, otherwise there would be no reason to mine Bitcoin at all. Once all 21 million coins are mined, things will become interesting as miners would only earn via the network's TX fees. Considering that so many Bitcoins have been lost and forgotten, the available supply is much less than we've imagined.

This means that Bitcoin will become an extremely rare cryptocurrency in the future, that's sure to make you millions of dollars if you hold on to it for a long time. I believe that once all 21 million coins are mined in the future, we would be dealing with Satoshis instead of a quarter of a Bitcoin, a half Bitcoin, or a full Bitcoin. But everything will depend on Bitcoin's price for sure. Just my opinion

[Pumared]

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?

The users will use each other, the value will be much higher than the current one because more people will want to have a bitcoin...

[pinoyden]

I think as long as we are still using it, during that time bitcoin will live, and from time to time bitcoin will be more and more interested, so this will not end. and I consider that in the future bitcoin will be as important as fiat money.

bitcoin wont end and its said that the value can skyrocket once all of the supply have been mined up  . the high value makes bitcoin more attractive . many people are expected to be interested with it  but the importance of fiat money is still there  . no currency on earth  can end the existing of fiat money  .

How bad will the fees be once all coins are mined?

Will it be too expensive to send a transaction?

they say the fees will be high but that is normal as long as the value of bitcoin will also become higher  .  there are segwit wallet that we can use to avoid expensive fees   .  thats solves the problem   .

[jakelyson]

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

I do not think that time is close, it is over a century before it happens. That is very far in the future we won't be even here to witness it.

To answer your question, the miners will definitely have to live with tx fees. If the price of bitcoin is not enough to sustain their operations, miners will leave. And difficulty will lessen making mining for miners that are left sustainable. And I am also expecting that by that time, technology has coped up making mining rigs cheaper, consumes less power and more profitable. Or maybe there will be changes that could make blocks contain more tx thus more tx fees. That is too far in the future we cannot have an accurate prediction of what will happen.

[emulsifryer]

How bad will the fees be once all coins are mined?

Will it be too expensive to send a transaction?

There's a possibility that the fees will also be expensive because the lower supply the higher demand will be given. There's also chance that if all coins will be mined the transaction will become more expensive.

[Ifemini]

I want to believe bitcoin will continue to be stronger because I have learnt mining are not done for fun neither do miners go through the hassle of mining just to dump after earning

Miners are potential holders; because mining tools are not cheap

[Micerker]

When the total supply reaches the maximum level, then Bitman will transfer to other Altcoin to exploit. And I believe that will try a new platform to replace traditional mining with modern technology to create a new mining environment.

[jpoker272727]

I am pretty sure that bitcoin will have its new system on sending before the 21 million coins will be out.
One of the weakness of this coin is its mining system which slow the transfer, yeah it is true.
once new one develop it will make it faster and cheaper to send bitcoins.

[agatha90]

If bitcoin has reached a total of 21 million miners will be forced to stay away from the rewards they receive for their work and the price of bitcoin will be increasingly expensive, so it will be difficult to get.

[MakeMoneyBtc]

If bitcoin has reached a total of 21 million miners will be forced to stay away from the rewards they receive for their work and the price of bitcoin will be increasingly expensive, so it will be difficult to get.

If miners disappear who is going to confirm our transactions? There will still be miners but surely the number of them will be lower than now because the amount of money they could earn will be a lower since they will get rewards only from transaction fees.

[Sithara007]

The current or a lower transaction fees will most likely not be enough. They will have to adjust it higher in order to survive. The blockchain will probably change by then to better technology without miners

This is definitely one of the possibilities. Already a lot of criticism is coming from conservationists and activists, arguing that mining is a wasteful process which is using a lot of electricity. If mining is eliminated, then Bitcoin may become more acceptable to this group of people. But what is the alternative? And it is not going to be implemented unless there is a consensus. 

[andieoke]

if in the amount of 21 million Bitcoin has been exhausted, they will get a fee from the transaction. that's my estimate and what is certain is that the price of Bitcoin will go up very high, and people who mine bitcoin will also get more revenue. but it looks like it's still a long time ago, because if Bitcoin will run out in the mine, the cost will be smaller.

[Shenzou]

According to the calculation we are still far off from that point where 21M bitcoin are all mined, at least a 100 years from now, and when that happens miners will have to start relaying on transaction fees, which leads me to think that fees will start increasing, as these miners will start moving toward mining other cryptocurrencies when this happens, as for the bitcoin's price it will probably go up so much in value and people will start holding even more than they do today, but all of these are just assumption and things could go the other way around since it is still way far off.

[ogini]

If bitcoin is been mined to 21m, I think there will be little incentive for miners and the value of bitcoin will increase and demand will be high and probably there will an upgrade in the  technology for a better performance of the currency.

[Abiky]

I do not think that time is close, it is over a century before it happens. That is very far in the future we won't be even here to witness it.

To answer your question, the miners will definitely have to live with tx fees. If the price of bitcoin is not enough to sustain their operations, miners will leave. And difficulty will lessen making mining for miners that are left sustainable. And I am also expecting that by that time, technology has coped up making mining rigs cheaper, consumes less power and more profitable. Or maybe there will be changes that could make blocks contain more tx thus more tx fees. That is too far in the future we cannot have an accurate prediction of what will happen.

Exactly. It'll take a long time before the last Bitcoin is mined on the Blockchain. Still though, I've been curious about this from the start as mining only for fees would cause a decline of interest within the cryptocurrency (that is if prices are not sustainable enough to satisfy miners' needs). Given that Bitcoin was designed to be a deflationary cryptocurrency, it has a high probability of becoming extremely valuable in the future.

Once that happens, then miners will be living off fees without any issues. Of course, no one knows what will happen in the future after the last Bitcoin is mined. Based on these facts, we can rest assured that miners will continue to support the BTC blockchain for a very long time. Despite this, the real deal of Bitcoin mining would be its energy consumption. Hence, if energy costs become higher but the price per Bitcoin is lower, then it would become extremely unprofitable for miners to stay on the BTC blockchain. Just my thoughts

[denzkilim]

If bitcoin is been mined to 21m, I think there will be little incentive for miners and the value of bitcoin will increase and demand will be high and probably there will an upgrade in the  technology for a better performance of the currency.

It will still take a very long time for that thing to happen and I guess all of us are dead by that when all the Bitcoin are mined. I also think a lot of possibilities that might occur during that time but it is better to leave it to those people who will reach that special event of the history(crypto history).

[Ridwan Fauzi]

If bitcoin is been mined to 21m, I think there will be little incentive for miners and the value of bitcoin will increase and demand will be high and probably there will an upgrade in the  technology for a better performance of the currency.

It will still take a very long time for that thing to happen and I guess all of us are dead by that when all the Bitcoin are mined. I also think a lot of possibilities that might occur during that time but it is better to leave it to those people who will reach that special event of the history(crypto history).

Did you noticed that bitcoin will be mined at 2021? Which mean we just have three years to make it happen and I'm sure it will happen. I believe three years can be use by developer cryptocurrency to make all government and all companies changing their mind into cryptocurrency. I'll be happy if government and companies accept bitcoin well because if this happen then there are lots of people who will use cryptocurrency as a mainstream thing.

[docthusinh]

Miners will then quit, no more competition thus reducing the hashrate and then we are back to where it begin which we will use our own laptops to (mine) verify the transaction, we revert back to original satoshi intention which a block can be mined by a common equipment (laptop/desktop). Remember the cause leads to booming in hashrate that give birth to special electronic equipments called "mining device" you will realise that once all of these devices disappear (unprofitable) it with cause a shutdown in an industry called "bitcoin mining" but the ecosystem is still there and everyone is in a state of "contributing hashrate" to help running bitcoin or "transaction verification" using their common equipments laptop/pc and phone even in the event that there is no tx fees. As of today I am sure that a huge amount of 24/7 online PCs (considering bitcoin owners only) are wasting their power (low CPU usage 1%-2%) will be helpful by then. Assume that you already know that your tx will be resolving in the next block, will you mind to start up the wallet and join the process and along the way there are other transactions thus other users too!

[BlackPanda]

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?

Bitcoin will continue to survive and even when the supply has reached 21M, the price will continue to increase. In the past few days I have also noticed the movement of Bitcoin prices, in my opinion that the movement is very active and encouraging. so there is no reason we do not believe in Bitcoin, Bitcoin has a system that is so good and has a very good belief seen by the public.

[Wayan_Pedjeng]

By the time all the Bitcoins are mined, we can assume that the adoption will increase to such a level that the majority of the world population will be using BTC regularly. So imagine 5 billion people using BTC for their daily financial needs. Let's assume that they'll pay $0.10 per day for using Bitcoin, as the transaction fee. It comes to $500 million per day and around $180 billion per year. I guess that amount is more than enough to sustain the miners.

[FlightyPouch]

I guess the real question here is how will the miners survive the after all of the supply is mined. They might get something out of the fees but I think there is another way that they can survive after this, they may leave Bitcoin and start mining other crypto currencies but still, I don't know about that,  I'm just guessing. All I know is that Bitcoin may change after that, I mean maybe.

[Dingdongjl]

I dont really get your point, when bitcoin is all mined we can expect better prices because the demand is getting higher day by day and there is a limited supply of it.

How bitcoin will suvive?

It already survived bro.

[Vishnu.Reang]

I guess the real question here is how will the miners survive the after all of the supply is mined. They might get something out of the fees but I think there is another way that they can survive after this, they may leave Bitcoin and start mining other crypto currencies but still, I don't know about that,  I'm just guessing. All I know is that Bitcoin may change after that, I mean maybe.

As of now, the average fee per block amounts to somewhere between BTC0.50 and BTC2.0, with the median being approx. BTC1.00. The current block reward is BTC12.50 per block, which will decline to BTC6.25 by 2020. By 2032, the block reward will be BTC0.78125, which is less than the average fee per block (at current levels). By 2060, the block reward will be reduced to less than BTC0.006. So we don't need to look to the distant future to check whether miners will survive or not. Within the next one or two decades, it will become clear whether they are able to survive on the transaction fees or not.

[_Django05_]

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?

After the last fraction of bitcoin has been mined, miners will require some other incentive to continue validating new transactions on the blockchain. The general consensus is that this will happen through transaction fees, but whether this will actually create enough revenue for mining to be worth it or not is anyone’s guess.

[BitHodler]

The general consensus is that this will happen through transaction fees, but whether this will actually create enough revenue for mining to be worth it or not is anyone’s guess.

We can only look at what Bitcoin has done so far, and the fact of the matter is that the fees have gone up continuously, and people during the 2017 bull run were willing enough to pay up for the crazy $50 fees.

Admittedly, it were mostly speculators paying up for the fees, but miners don't care where the funds come from as long as they come in. It however sucks for the average user caring about even the slightest fee increase.

I'm glad that we have LN growing larger and larger as time goes by. This way the average user won't see the fees be pumped through the roof by speculators trying to front run others by using much higher fees.

[muratsink]

I think, we will use some of the remaining BTC in each transaction.  not in exchange.  but in some crypto wallets available.  there is no market for BTC.  but BTC is in everyone's crypto wallet.  because eventually BTC and crypto will disappear.  and at the end of our time we will only use gold and silver.

[shoreno]

I think, we will use some of the remaining BTC in each transaction.  not in exchange.  but in some crypto wallets available. there is no market for BTC.  but BTC is in everyone's crypto wallet.

why not in exchange ? we are only talking about the supply and not the btc on the exchange/wallet  . people will still continue the business that they do even if the supply of btc have run out  .

eventually BTC and crypto will disappear

no i dont think so  . crypto such as bitcoin are too useful  and i think people cant afford to live a day without them  . they wont dissapear but they will become stronger  . only weak and useless cryptos can dissapear  but not the top one's    . 

[BlackFor3st]

I am curious also about this topic. What in my mind is when the bitcoin will be mined completely, I only thought that it's price will continue to rise as we have reach the maximum limit already.

But I forgot about the miners, whether they are going to continue in supporting bitcoin or not. If they will profit using transaction fess then I am sure that there are still willing to continue but I am sure also that many will stop due to competition and other problems that will occur someday. This is very crucial and deciding moment once it will happen in the future.

[Vaskiy]

Once after the 21M is mined the entire volume will be into circulation, while there will be increased demand. Apart from that there will more number of mineable assets, miners will move towards it. Another thing the transactions will be carried out through the miners which gets them with the fee.

[Sithara007]

Once after the 21M is mined the entire volume will be into circulation, while there will be increased demand. Apart from that there will more number of mineable assets, miners will move towards it. Another thing the transactions will be carried out through the miners which gets them with the fee.

Nope. The entire volume will never get in to circulation. Right now somewhere around 2 million and 3 million coins are being considered as "lost" coins and no one has the private key to access these coins. And on top of that, large amount of the coins are not actively traded, as they are being kept in cold storage. If there is increased demand, then the exchange rate will increase. But the volume of the circulating coins is not going to increase.

[Abiky]

By the time all the Bitcoins are mined, we can assume that the adoption will increase to such a level that the majority of the world population will be using BTC regularly. So imagine 5 billion people using BTC for their daily financial needs. Let's assume that they'll pay $0.10 per day for using Bitcoin, as the transaction fee. It comes to $500 million per day and around $180 billion per year. I guess that amount is more than enough to sustain the miners.

Exactly. If prices go up according to supply and demand, then Bitcoin could be a sustainable cryptocurrency for the foreseeable future. The genius deflationary design by Satoshi Nakamoto, will allow Bitcoin to remain a valuable cryptocurrency in contrast to Fiat. Of course, volatility is still a huge issue related to Bitcoin and other cryptocurrencies. But, the emission rate of Bitcoin will keep it going for many generations to come.

While we're still far away from the year 2100, Bitcoin's circulating supply has come a long way since 2009. If fees on the network remain as low as possible, then people will continue to use the Bitcoin blockchain as an alternative to traditional Fiat money. In effect, this will allow miners to retain a solid income stream even after all 21 million coins had been mined.

Nevertheless, as we go close to the hard cap of 21 million coins, Bitcoin's price becomes higher. And then, we would be dealing with "satoshis" of a Bitcoin, instead of a half or full Bitcoin. Just my thoughts