terencio
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August 02, 2019, 06:51:38 PM |
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Even if Bitcoin is limited to 21 million we can not be assure that price will continue to soar, because Bitcoin price f bitcoin depend to someone is willing to pay for it.
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ub27
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August 02, 2019, 07:07:34 PM |
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Nobody knows the exact year or time when Bitcoin will run out. Postulating 2140 is just mere assumption because there are no real accurate calculations backing that. By the way 2140 is very far, by then most of us won't be alive, just saying.
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bitladen
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August 02, 2019, 07:19:18 PM |
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Even if Bitcoin is limited to 21 million we can not be assure that price will continue to soar, because Bitcoin price f bitcoin depend to someone is willing to pay for it.
Much depends on mining, and if Bitcoin is mined, the price will rise and Bitcoin will be in demand among people |
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akram143
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August 02, 2019, 07:32:20 PM |
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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?
Satta Islam Tera Naam time so we don't really know how the future is but right now with time has huge expectation if we fulfill that we will be a very valuable and profitable person in this world that's why I don't think about the future do you think right now and get good things right now it will be my policy. |
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akirasendo17
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August 02, 2019, 07:45:55 PM |
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I dont beleive that it will happen, why because over the course of time lots of people say that bitcoin is dead, but from zero to hero status bitcoin already prove lots of people wrong and they regret ignoring bitcoin, so I conclude that bitcoin will be here to stay and it will keep getting better
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Anonymous100
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September 02, 2019, 05:04:43 AM |
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My question is, are we still alive in 2140? I think we are discussing too far, and it is impossible to answer at this time. Indeed, the target of Bitcoin is long term. Every day the Bitcoin miner continues to grow. I think that in less than 50 years Bitcoin will run out in the mine. Bitcoin stock is very little.
In the context of prices it is very dependent on the world's rulers. At present the ruler of the world is Satoshi Nakamoto, even though we don't know him. He was present not to be remembered by anyone, with his program that was so great.
It is possible that the next decades of technological developments will become increasingly sophisticated. And a new hero will be born. If he agrees with Bitcoin, then Bitcoin will survive. If not, they will develop new technology and leave Bitcoin or Blockchain technology.
We will not life again at that time but it looks like you are very wrong about the context of bitcoin depend in the world's ruler. You can argue that through use the bitcoin technical analysis because bitcoin is having limited supply and we can argue this will be very expensive like a diamond. Gold is not a comparison for bitcoin at that time but the diamont will. Tech can't be erased and remember this. The development of technology the longer the more sophisticated. And in designing the language of the program is certainly different. From this it is possible that new program languages and new technologies reject the blockchain system. Because the OP is targeting the long term. So I assume also for the long term. |
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anume123
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September 02, 2019, 08:14:01 AM |
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it's hard to predict if bitcoin will still run until the year 2140 but the volume of investors here and the bit of revenue here will still be bitcoin because I'm sure over time the value of investors will increase here.
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Ss4sukE
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September 02, 2019, 08:28:25 AM |
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it's hard to predict if bitcoin will still run until the year 2140 but the volume of investors here and the bit of revenue here will still be bitcoin because I'm sure over time the value of investors will increase here.
in general no one will know about the future, I mean about bitcoin in 2140 later. but I think bitcoin has a limited number of coins and if the coin supply decreases the price will automatically become expensive. but whatever it is only time will answer |
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Malamok101
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September 02, 2019, 08:49:23 AM |
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with the amount of people helping bitcoin I'm sure it will still last up to the year 2140 because of the volume of investors here as they are certain that over time its price will increase so the chances are higher they earn big.
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Weng_saboh
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September 02, 2019, 10:32:58 AM |
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a question that makes me laugh to myself, by 2140 maybe the total supply of bitcoin has run out and is very rare and I'm sure bitcoin will go up very high and the price can reach 500k $, and I didn't know I would see such a good moment because by 2140 I was not in this world again
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novaprime
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September 02, 2019, 11:25:27 AM |
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a question that makes me laugh to myself, by 2140 maybe the total supply of bitcoin has run out and is very rare and I'm sure bitcoin will go up very high and the price can reach 500k $, and I didn't know I would see such a good moment because by 2140 I was not in this world again
We can be free to predict Bitcoin, but maybe by then we won't be witnessing it because maybe we no longer exist in this world. I believe that Bitcoin will grow very high in the next 10 years so the holding at this point is still very good in long-term investment. I personally still prefer to invest in Bitcoin because it's a lot safer than other coins and has real value. |
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shadowdio
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September 02, 2019, 11:28:11 AM |
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Well I don't know... I don't care if bitcoin run out in 2140 because we already dead that year lol... but I'm sure the price will increase if the supply of bitcoin is decreasing.
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Little_king
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September 02, 2019, 11:57:24 AM |
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Base on the mining time and the number of coins to be generated , it was a year to finish the mining as the halving reward is due every 210,000 blocks which is a possibility for them to be mined by that year or just some months before that.
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jazmuzika217
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September 02, 2019, 12:57:30 PM |
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I think it is not about supply or inventory of bitcoin. It is all about the investors and users. As long as people will buy bitcoin it will continue to live. But the problem is how we can inherit the real essens of bitcoin to the next generation if even in ourserf we all have doubt and lack of knowledge about bitcoin. So I think the future of bitcoin is all on us.
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DarkDays
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September 02, 2019, 01:45:02 PM |
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I think it is not about supply or inventory of bitcoin. It is all about the investors and users. As long as people will buy bitcoin it will continue to live. But the problem is how we can inherit the real essens of bitcoin to the next generation if even in ourserf we all have doubt and lack of knowledge about bitcoin. So I think the future of bitcoin is all on us.
That's what forking is for. If there needs to be an upgrade to the Bitcoin protocol even once the newly minted supply runs out, then the miners can simply implement a code change as of block X. There shouldn't need to be a spin-off, or transfer of any kind, since Bitcoin is designed to be updateable from within. |
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rk75352
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September 02, 2019, 04:06:13 PM |
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That's what forking is for.
If there needs to be an upgrade to the Bitcoin protocol even once the newly minted supply runs out, then the miners can simply implement a code change as of block X.
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r_delossa
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September 02, 2019, 04:45:15 PM |
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Nobody can even predict what would happen with BTC at the end of 2019. Will it reach 40k pre coin or drop to 3k again? Nobody knows that, let us just enjoy the industry by gaining profits from all the sources that we have.
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virasisog
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September 02, 2019, 04:54:12 PM |
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this has been a debate for bitcoin supporters and critics for years , its because of Bitcoins limited supply.
that is why i am 50/50 on this adoption thingy, there are so many probabilities
when time comes if Bitcoin will be well established and have a huge network of users
it may either be extremely volatile or might be stable and predictable so it may replaced Fiat.
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ashmodeus
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September 02, 2019, 05:09:46 PM |
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BITCOIN has at least until the year 2140, all of which can be mined.how do you think about this, is it true that BITCOIN will run out in 2140?
yes , that right . The last Bitcoin is estimated to be mined in 2140,when the block reward would drop below 1 satoshi. If the number of Bitcoin continues to decrease, the price can soar in the future.
basically,yes. but on nowadays we still on,how can i say,stabilization maybe,i just think , let say BTC same like gold at the beginning. the point is, as time goes, people will know exactly what is Bitcoin. and they will try to think about it. |
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MikeyVeez
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September 02, 2019, 05:18:35 PM |
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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?
You are posting in a bad section, move your thread into Bitcoin section. And do not be afraid, in 2140 nothing will happen only miners will receive profit only from transaction fees, not reward for mined block. |
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