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Author Topic: Will BITCOIN run out in 2140?  (Read 867 times)
wywoc
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July 10, 2019, 03:32:36 PM
 #21

I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?
Yes, According to the source code written by Satoshi Nakamoto, then we will not exploit the new blocks of BTC. But, maybe no one here can live until that day  Grin

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July 10, 2019, 03:39:55 PM
 #22

That's a fallacy, Bitcoin won't run out at the stated year. Bitcoin's architecture was well built, talking about running out you imply it diminishes in quantity till its no more right, which is a mere illusion.

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July 10, 2019, 04:10:46 PM
 #23

It is impossible to say for sure when all the bitcoin coins will be mined. But it is worth noting one thing, as long as Bitcoin will be bought, its price will increase. So this is a very good reason to invest in this coin for a long time.

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July 10, 2019, 04:34:45 PM
 #24

hmm it needs time. no way to predict so far. bitcoin has all the chances but not surely
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July 10, 2019, 04:49:52 PM
 #25

Indeed, the reward for the block will decrease until it reaches 0, approximately in 2140, but the network will continue to exist and the reward for miners will be the commission from transactions.

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July 10, 2019, 05:06:01 PM
 #26

Indeed, the reward for the block will decrease until it reaches 0, approximately in 2140, but the network will continue to exist and the reward for miners will be the commission from transactions.
If the miner only gets a commission from the transaction, there will be no miners, because the reward is so small. I think that year, bitcoin cannot be moved anymore, it can only be moved from an exchange between users.

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July 10, 2019, 05:15:35 PM
 #27

I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?
This is what is called a deflationary system. Over time, the total amount of an asset can only decrease, which naturally increases its value. You should not worry that when all possible coins are mined by miners, the network will stop, because miners will receive a commission on the amount of processed transactions. Satoshi Nakamoto was a damn smart guy  Wink


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July 10, 2019, 05:29:45 PM
 #28

Interesting insights. I'm sure I won't live for 2140 years. But that's a hypothesis. Even if bitcoin is completely dug up, it will still be held by many people. Of course, prices will certainly rise. One hundred years from now, the world is unpredictable. There may be more advanced technology in the future.

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July 10, 2019, 06:32:24 PM
 #29

I won't be around when it happens but I think that as long as people will hold Bitcoin. No matter if its 100 or 1000 years as long as people will be talking about it and will be using it as an actual currency then I am pretty sure that it will be strong. Also since we are in the Altcoin section I am going to add that there are many altcoins that would also be a potential replacer of Bitcoin. We have the strongest of them all Ethereum and Litecoin also. Dogecoin might come out of obscurity and become a potent force in the altcoin markets.

 
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July 10, 2019, 06:49:21 PM
 #30

No one knows when bitcoin will run out, it could be before the year 2140. Logic and calculations are like that, because every day a bitcoin transaction will occur and of course it will reduce the supply of bitcoin. Logic is simple, if it is less, it will certainly be more expensive I think that is very clear, in my opinion bitcoin will continue to soar as demand. Thank you.

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July 10, 2019, 07:06:00 PM
 #31

Generally speaking, one thing that is constant in life us change, however no one can tell when and how the change will happen but it will definitely happen. If a better and more sophisticated technology than blockchain comes up, then bitcoin and Altcoins will be replaced.

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July 11, 2019, 03:18:50 AM
 #32

I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?

This is what makes Bitcoin a great investment because of the absence of inflation, we are still a long way to 2140 all of us here are not living when that time comes and it's hard to make a prediction, 100 years from now, we do not know what would be the real picture on the internet or our life in this world would be.



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July 11, 2019, 09:50:07 AM
 #33

I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?
I’m yet to understand what you people mean by saying that Bitcoin is running out? Like how? – do you mean whether it will all reach a stage where you wouldn’t see any Bitcoin to buy? If that’s what you mean then it’s sure not going to happen. If it’s like you think it, then buy now you might not have Bitcoin to buy because a lot of people are just going to buy and store it without minding whether the price is going to fall or not. Bitcoin is not going to finish, even if all are mined, people will still continue to buy and sell.

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July 11, 2019, 10:17:59 AM
 #34

I just realized now, what would be the price of bitcoin during that year, thus the prediction of 100k usd each would be achievable that year? How interesting, but i am looking for reading materials about this one, i am interested to read it.

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July 11, 2019, 10:22:32 AM
 #35

I see crypto like dotcom bubble, and maybe then no one needs BTC anymore. But whatever it is, I find it to be a distant future. You should think about what the BTC will be like by the end of the year
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July 11, 2019, 11:56:57 AM
 #36

By 2140 last bitcoin will be mined so by 2140 is the last bitcoin mined we can expect btc price by then around 1 million dollars
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July 11, 2019, 12:09:48 PM
 #37

What will you do if BTC still runs out in 2140? Are you still alive? Or you want it for your sibling and others? Well, don't think too much and too long. It is better to think for this era, or about 10 years later. It is more real than thinking in the next hundreds of years.

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July 11, 2019, 12:20:09 PM
 #38

Is there a typo here or you really mean 2140?
Honestly, i don’t see myself on that year so I don’t care anymore. Haha but base on the current circulation and the total supply, in the next 20years all bitcoin will be mined and the price will boom as expected, i wish to have more bitcoin that time.
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July 11, 2019, 12:34:30 PM
 #39

I forgot the article that says about this.
but I remember that, reportedly Satoshi Nakamoto intentionally created a limited amount of bitcoin inventory. This is done to prevent inflation. From long-term predictions, BITCOIN has at least until the year 2140, all of which can be mined. If the number of Bitcoin continues to decrease, the price can soar in the future. how do you think about this, is it true that BITCOIN will run out in 2140?
I think all Bitcoin will be dug in 100 years and it will officially no longer be dug. But I think it will not exist until that time. You know, the technology of Bitcoin really goes down and it's getting slower and slower.
When the crypto market becomes more popular, many people use crypto for faster money transfer and payment purposes, I think Bitcoin will have no place in the crypto market anymore.
it will gradually lose value and then disappear from the market. The alts will start to throne.
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July 11, 2019, 01:05:02 PM
 #40

I can't predict which bitcoin will run out in what year. what is clear is that if bitcoin has been mined, the price of bitcoin will definitely soar. I am sure this can happen. bitcoin will be bullrun in a few months later.

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