18.5 million BTC already mined

[Yaunfitda]

Time is not on our side, 18.5 BTC has already been mined. So it means that only less than 2.5 million BTC is left for us to grab and accumulate overtime. So make the right choice, invest while there is still time, as there will be demand in the future because supply is getting short.


https://coinmarketcap.com/

[BlackHatCoiner]

Supply is getting shorter and shorter. It's great to see how many bitcoins miners have mined since 2009. I believe that satoshi would be proud to see that we continued his vision for so many years. The last 1 million coins will take decades to finish, so I think that mining ends on the 20 millionth coin. Many mining farms will shut down after halvings.

By the way this is how he imagined it on bitcoin.org:

Total circulation will be 21,000,000 coins. It'll be distributed to network nodes when they make blocks, with the amount cut in half every 4 years.

first 4 years: 10,500,000 coins
next 4 years: 5,250,000 coins
next 4 years: 2,625,000 coins
next 4 years: 1,312,500 coins
etc...

[pooya87]

Supply is getting shorter and shorter.

supply itself is constantly increasing as each new block is introducing new coins into circulation. what is decreasing is the remaining coins out of the maximum possible 21 million.

[Upgrade00]

I just realized that the the coinbase reward for each 4 year period (or ~210,000 blocks) before each halving corresponds with the percentage of the total supply that would be mined during that timeframe;

• From the Genesis block to the first halving, 50BTC was given for each block mined, and total of 210,000 blocks were confirmed, adding up to 10,500,000BTC before the next halving.
This summed up to 50% of the 21 millionBTC that would ever be in circulation.
• The next halving period produced 25% of the supply, and the next 12.5%. Hence, before the end of the current halving period, we would have added 6.25% to the total supply, totalling 93.75%.

As the flow of supply trickes down with each halving, I would expect the market value to increase, if demand remains the same or increases.

The last 1 million coins will take decades to finish, so I think that mining ends on the 20 millionth coin. Many mining farms will shut down after halvings.

If bitcoins market value continues to increase, miners could still be earning similar or more rewards in fiat equivalent, despite the drop in number of bitcoins given for each block. There would also be likely improvements in mining hardware making it less cost effective and more rewarding.

[Lucius]

Time is not on our side, 18.5 BTC has already been mined.

I would not agree that time is not on our side, because each halving brings half the amount of newly mined BTC than has been the case in the past 4 years. If in the previous 4 years we had 1800 BTC mined per day, now we have only 900 BTC, which in case of high market demand naturally pushes the price up. Bitcoin cannot stay at such value levels forever to be a cheap investment - so wasn't 10+ years quite enough for anyone who wanted to invest below $10 000 or even below $1000?

The last 1 million coins will take decades to finish, so I think that mining ends on the 20 millionth coin. Many mining farms will shut down after halvings.

It will not take any decades for the last 1 million BTC to be mined, it will happen in less than 10 years - and after 2032 there will be only 1% (210,000 BTC) left for the next 100 years. At the beginning of the next halving, the total amount mined will be 19 687 500 BTC, and at the end (year 2028) 20 343 750, which will mean that there is only a little more than 3% left.

https://en.bitcoin.it/wiki/Controlled_supply

[davis196]

Time is not on our side, 18.5 BTC has already been mined. So it means that only less than 2.5 BTC is left for us to grab and accumulate overtime. So make the right choice, invest while there is still time, as there will be demand in the future because supply is getting short.


https://coinmarketcap.com/

Invest in what?Buying Bitcoins or buying mining hardware?
Anyway,the expectations that the future demand for Bitcoins will explode are becoming somewhat naive.
In 2020,we had trillions of USD in stimulus packs,a global recession and Bitcoin halving,and yet the BTC demand didn't explode and the price didn't hit the moon.
You are wrong that only less than 2.5M BTC are left for us to grab.The crypto traders are selling thousands of Bitcoins every day,so there will be more opportunities to buy cheap Bitcoins and we don't have to rely on buying only freshly mined BTC.

[teosanru]

Time is not on our side, 18.5 BTC has already been mined. So it means that only less than 2.5 BTC is left for us to grab and accumulate overtime. So make the right choice, invest while there is still time, as there will be demand in the future because supply is getting short.


https://coinmarketcap.com/

Actually if we go by a technical reading you are actually wrong here. We don't buy bitcoin from some primary market when it's created. Alternatively, we buy the bitcoin which is already existing in the system. Even though yes as per the general models of supply demand, price could inflate a lot but this doesn't mean that investing in bitcoin would not be good after another halving. Instead it would get much better you might see much larger movements in price. Yes if you are talking about investing in Mining then it's completely different. But investment in buying bitcoin has absolutely no relationship. Its not that BTC 2.5 is there for grab existing BTC too moves in the market.

[ilovealtcoins]

The current mining speed is very fast. Under the evolution of mining equipment, I think the rest of the bitcoins will be mined by 2050.
Even though Bitcoin is fully exploited, its potential to increase in price remains unknown.
Bitcoin derivatives like Margin, futures, and ETFs are created and people trade them. People will take profits when they make a profit. It can be as vicious as forex market exchange rates.

[tabas]

Time is not on our side, 18.5 BTC has already been mined. So it means that only less than 2.5 BTC is left for us to grab and accumulate overtime. So make the right choice, invest while there is still time, as there will be demand in the future because supply is getting short.


https://coinmarketcap.com/

You forgot to add the unit mate, million. 
I'm glad that I know that I'm doing the right thing and I've chosen bitcoin to have a larger part for most of my investments. People don't realize that bitcoin is scarce.

[FlightyPouch]

The current mining speed is very fast. Under the evolution of mining equipment, I think the rest of the bitcoins will be mined by 2050.
Even though Bitcoin is fully exploited, its potential to increase in price remains unknown.

I think 2050 is still early, also it will not be that easy. Don't forget that there are halvings every four years and it is said that these protocols could still change depending on what is happening but I think even without those protocols to be changed, it will still take many years before all of the bitcoins is mined. That would also means having good values as the times pass by.

[NotFuzzyWarm]

The current mining speed is very fast. Under the evolution of mining equipment, I think the rest of the bitcoins will be mined by 2050.
<snip>

Someone seems to be unaware of how the BTC algo works...
Speed of miners has NOTHING to do with when the last coin will be mined because difficulty is recalculated every about 2 weeks to keep AVERAGE time per block at 10 minutes. Unless the algo is changed that locks the date of last coin mined as sometime in 2140. Period.

[HeRetiK]

The current mining speed is very fast. Under the evolution of mining equipment, I think the rest of the bitcoins will be mined by 2050.
<snip>

Someone seems to be unaware of how the BTC algo works...
Speed of miners has NOTHING to do with when the last coin will be mined because difficulty is recalculated every 2 weeks to keep AVERAGE time per block at 10 minutes. Unless the algo is changed that locks the date of last coin mined as sometime in 2140. Period.

To be fair though a steady increase in difficulty does imply block times of less than 10 minutes which is also why the recent halving moved up to May from the first halving in November 2012. So if subsequent halvings keep moving up a few weeks or months at a time, the last coin to be mined could already happen around 2136.

A far shot from 2050 of course, but those few seconds below 10 minutes do add up.

[cabron]

So many wallets as well with some satoshis left on it not enough to send somewhere else but are forgotten. This will only mean BTC will be rarer in time which price will also grow tremendously. The coins like 0.05BTC before were just worth $20 now worth $500. One day a person will really treat his 0.05BTC as his most prized possession and we're lucky to have more than that amount.

[lebregone]

As long as the demand for bitcoin will continue to grow then it will be wise if we will start to invest now while there is still time as bitcoin prices will surely to skyrocket in the following years as we are very near in mining all the bitcoin out there.

I will just hope that bitcoin price will not go in opposite direction once all the bitcoin will be mined so there will be hope for the investors that they can earn a good amount of profit from their investment.

[btc_angela]

As long as the demand for bitcoin will continue to grow then it will be wise if we will start to invest now while there is still time as bitcoin prices will surely to skyrocket in the following years as we are very near in mining all the bitcoin out there.

I will just hope that bitcoin price will not go in opposite direction once all the bitcoin will be mined so there will be hope for the investors that they can earn a good amount of profit from their investment.

I'm not seeing it going on the opposite direction in the next years to come. If there is a chance, then it should be in its first five years. It's just a question of what will be the next all time high after this year's halving and when it's going to be burst, then the cycle repeats itself.

And with companies like MicroStrategy starting to buy and hoard BTC, it will be obvious that the demand will skyrocketed in the following years as more people are going to realised how valuable it will be.

[Sadlife]

A fix supply of 21 million and accessible marketplace could easily blow up the price. Im accumulating as much as i can right now and buying the dips because at any moment it can easily take off. Especially when there are tons of movement from big companies including Fidelity, and even we got our first ETF. Institutional money is gonna flow while the stock market is plunging.

[Johnyz]

Keep on holding bitcoin because the best price is yet to come considering that bitcoin have a limited supply, the price will go up higher when the demand increases. In the next 5 years the price of bitcoin will be different, people will use bitcoin on its high price, I’m wondering to see that situation soon, bitcoin is the best.

[Vod]

Someone will probably fork bitcoin and the majority will move to that seeing as there will be new coins to be generated.

[ilovealtcoins]

The current mining speed is very fast. Under the evolution of mining equipment, I think the rest of the bitcoins will be mined by 2050.
<snip>

Someone seems to be unaware of how the BTC algo works...
Speed of miners has NOTHING to do with when the last coin will be mined because difficulty is recalculated every 2 weeks to keep AVERAGE time per block at 10 minutes. Unless the algo is changed that locks the date of last coin mined as sometime in 2140. Period.

To be fair though a steady increase in difficulty does imply block times of less than 10 minutes which is also why the recent halving moved up to May from the first halving in November 2012. So if subsequent halvings keep moving up a few weeks or months at a time, the last coin to be mined could already happen around 2136.

A far shot from 2050 of course, but those few seconds below 10 minutes do add up.

The 10-minute time is only relative to the random difficulty of the algorithm that blocks are mined for.
With the speed of development of mining equipment being enhanced more, using less energy and mining more efficiently, Bitcoin mining becomes faster. The time for the Halving is fixed for 4 years so I believe my argument may be correct.

[piebeyb]

That's what keeps the current price of bitcoin holding up and doesn't want to go below $ 10k, we all see it continues to be above $ 10k, so a very small supply will probably get people to take their tickets to go with the people currently inside Big train, yesterday's bitcoin halving put less bitcoin in the print