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

[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