18.5 million BTC already mined

[pooya87]

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

someone is always forking bitcoin and creating new shitcoins (many of which had bigger supplies) but i don't think the majority would ever go to such a chain specially in the future that the adoption has already grown and majority would mean millions instead of the current hundred thousand.
the "controlled supply" is a principle of bitcoin that attracts most people. if we start modifying the supply the difference between bitcoin and fiat gets smaller.

[worldofcoins]

There's a limit of 21 million bitcoin which means 3 million are left, I believe it will take more than 5 years to mine.
The fact that most of the people have lost their private keys or have passed on without leaving their private key guidelines to anyone, the measure of accessible bitcoin available for use could be millions less.
However, the price and the supply will be increase after that

[verita1]

As a result, there is now less than 2.5 million BTC left for miners left to discover. However, while it might look like Bitcoin’s emission is closing on the finish line — just over 88% of all BTC are already mined, after all — the emission of the last Bitcoin is currently expected no earlier than the year 2140.

https://decrypt.co/43106/the-18-5-millionth-bitcoin-has-now-been-mined?amp=1

I was also curious to know how much time is left to mine the last bitcoin.
88% of all Bitcoin is good progress. There has been good work by the miners and the community all together.

[bryant.coleman]

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

If the supply was getting squeezed, then we would be witnessing a sharp increase in the exchange rates. That hasn't happened. The supply is still close to the previous level (i.e the one we had before block reward halving in May 2020), because someone is still dumping BTC in the market. Or it may be due to the lack of demand. I would say that the first scenario (dumping) is having a higher probability.

[Lucius]

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

someone is always forking bitcoin and creating new shitcoins (many of which had bigger supplies) but i don't think the majority would ever go to such a chain specially in the future that the adoption has already grown and majority would mean millions instead of the current hundred thousand.
the "controlled supply" is a principle of bitcoin that attracts most people. if we start modifying the supply the difference between bitcoin and fiat gets smaller.

That's right, someone will always try to present their version of BTC as something better than the original - but as far as I know (maybe I'm wrong) most previous BTC forks have not changed the total supply, and they failed in their intention (except that some of their creators enriched). While human greed should never be overlooked, it’s hard for me to accept that most would start following some alternative chain if someone promised them another let's say 21 million of new alternative Bitcoin.

[HeRetiK]

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.

Bitcoin is pretty good at keeping its average block time around 10 minutes. Moving the last coin mined from 2140 to 2050 would require the average block time to be reduced to 2.5 minutes, consistently, for the next 30 years. To put that much consistent pressure on the network would require technological leaps like the transition from classical to quantum computing every other month, with miners being forced to buy new hardware every other week. Humanity will become a Kardashev Type III civilization before that happens.

For reference, Bitcoin grew from a handful of CPUs to a global network of ASICs at industrial scale within a decade and the average block time still barely budged from the average block time of 10 minutes.

[NotFuzzyWarm]

For reference, Bitcoin grew from a handful of CPUs to a global network of ASICs at industrial scale within a decade and the average block time still barely budged from the average block time of 10 minutes.

Precisely. Too bad some folks just do not seem to understand that point and think that future Majik Machines will be popping blocks like making popcorn 

[konfuzius5278]

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

totally agree. Its a fairy tale the number of total coins is set in stone.

Apart from that. This stupid Stock to flow prognostic of a high bitcoin price forget that 18.5 Million of coins (ok lets say 15 Mio) can be fload on the market every single secound

[pooya87]

but as far as I know (maybe I'm wrong) most previous BTC forks have not changed the total supply,

you are correct, most of them focus on things that are hyped up such as block size, block time, CPU mineability, ... and rarely focus on things such as supply. but there still are many that have also changed the supply. some examples of these shitcoins are: Micro Bitcoin (1000x), Classic Bitcoin (1000x), Bitcoin Smart (100x), BitcoinBoy (100x), BitcoinX (10000x), Bitcoin World (10000x), Bitcore (0.5x), ...

[bryant.coleman]

but as far as I know (maybe I'm wrong) most previous BTC forks have not changed the total supply,

you are correct, most of them focus on things that are hyped up such as block size, block time, CPU mineability, ... and rarely focus on things such as supply. but there still are many that have also changed the supply. some examples of these shitcoins are: Micro Bitcoin (1000x), Classic Bitcoin (1000x), Bitcoin Smart (100x), BitcoinBoy (100x), BitcoinX (10000x), Bitcoin World (10000x), Bitcore (0.5x), ...

Out of all these, I have heard only about Bitcore. But I am not sure whether it was 0.5x. I remember taking part in the Bitcore airdrop many years ago. If I am not wrong, I received 1x coins (i.e one BTX for every BTC in my wallet). 2-3 years ago, they had a popular signature campaign here in Bitcointalk as well. But the value went down steeply after 2018. At one point, BTX had an exchange rate of BTC0.002. Now it is BTC0.000019, which represents a decline of more than 99%.

[mikeauerbach]

It's strange a bit that 88% of all Bitcoin were mined in 11 years. And now we have more than a century to mine rest 12%.

[jacobjorden]

There are 21 Million Bitcoin

as of Block 646,800,  88.0% of all btc has been mined. Only 2,520,000 BTC Left to mine! ( Source from Twitter Account Bitcoin Block Bot )

When All Btc Are Mined as there are no more Bitcoins to be Created, BTC Miners will no Longer be able to receive block rewards, which means BTC Miners Will Only Benefit From The Transaction fees to be earned from each confirmed transaction.

[Lucius]

BitcoinBoy (100x), BitcoinX (10000x), Bitcoin World (10000x), Bitcore (0.5x), ...

It's amazing what ideas come to people's minds when it comes to money, so while some may have just wanted to try out what it's like to have your own coin, some have caused quite a bit of confusion in the market in one short time. What the bad guys with BCH did was probably the closest thing a copy would ever get to the original - and maybe it was a good test and a warning to others to give up serious intentions to bring down Bitcoin.

It's strange a bit that 88% of all Bitcoin were mined in 11 years. And now we have more than a century to mine rest 12%.

Satoshi had good reasons to do just that and not the other way around - and if you go back to the beginning of this thread and read my post, then you will find out that in the next ten years 99% of all BTC will be mined - and that one percent will stretch over the next 100+ years. A lot of things are marked with number 21, the total supply is 21 million, the number of blocks between halving is 210 000 and 1% of total supply is 210 000.

[bryant.coleman]

It's strange a bit that 88% of all Bitcoin were mined in 11 years. And now we have more than a century to mine rest 12%.

It means that in the near future Fee Reward will constitute for the majority of the mining output. For the 2020-24 period, Block Reward is 6.25 BTC and right now Free Reward is only around 10-15% of the mining output. For the 2024-28 period, this may increase to 20-30%. I am taking a conservative estimate here, because as the user base increases, we can expect the Free Reward to go up. 

[Lorence.xD]

There are 21 Million Bitcoin

as of Block 646,800,  88.0% of all btc has been mined. Only 2,520,000 BTC Left to mine! ( Source from Twitter Account Bitcoin Block Bot )

When All Btc Are Mined as there are no more Bitcoins to be Created, BTC Miners will no Longer be able to receive block rewards, which means BTC Miners Will Only Benefit From The Transaction fees to be earned from each confirmed transaction.

The mining speed will get longer as the supply of bitcoin that anyone can mine is depleting. Remember that we still have year 2140 before the last block can be mined and that block will be mined for more than 40 years. Yes the supply will run out but by the time that happens, a market that is perfect for cryptocurrency transactions is already established and the price is stable, though this is just a wishful thinking, the possibility will be endless.

[Astvile]

We are still a 120 years away from it, all bitcoins will set to be mined at year 2140 we still have a long way to accumulate bitcoins.

It's strange a bit that 88% of all Bitcoin were mined in 11 years. And now we have more than a century to mine rest 12%.

It isn't strange at all. Bitcoin was designed to be like this the less the coins to be mined the longer it would take to get mined surely Satoshi had a reason for this but it's a great work indeed on his side.

[Lucius]

We are still a 120 years away from it, all bitcoins will set to be mined at year 2140 we still have a long way to accumulate bitcoins.

Even if BTC mining is completed today, that would not mean that trading would no longer exist and that someone could no longer accumulate BTC. Even today with 6.25 BTC per block the total amount created in one month is 27 000 BTC which is very little if we take into account that there are over 18.5 million coins in circulation.

It is very important that everyone understands the moment we are in and looks at what happened 5 or 10 years ago - so that we can try to conclude what will happen in the next 5-10 years. Of course, there is no guarantee that the past will be repeated, but it seems to me that in a few years people will regret not investing today, just as some today lament the days when BTC could be bought for a few tens of dollars or maybe a few hundred $ back in 2015/16.

[Debonaire217]

This is why you need to invest right now. Otherwise, you may not have time and lose the opportunity to get rich.

That was already been studied by many people especially discussed on various documentaries regarding bitcoin revolution. Some interviewee said that it will not be the price that will dictate how good bitcoin is, but the volume of market capitalization. They didn't actually aim for 100k BTC each, but to hope for the marketcap to reach 1 trillion.

For me, bitcoin will be more reliable and better if we based our trust to the market cap. The more people use it, the more it will stay in the market. Unlike the price that could be a bubble and is always subjected to volatility.

[Karartma1]

We are still a 120 years away from it, all bitcoins will set to be mined at year 2140 we still have a long way to accumulate bitcoins.

Even if BTC mining is completed today, that would not mean that trading would no longer exist and that someone could no longer accumulate BTC. Even today with 6.25 BTC per block the total amount created in one month is 27 000 BTC which is very little if we take into account that there are over 18.5 million coins in circulation.

It is very important that everyone understands the moment we are in and looks at what happened 5 or 10 years ago - so that we can try to conclude what will happen in the next 5-10 years. Of course, there is no guarantee that the past will be repeated, but it seems to me that in a few years people will regret not investing today, just as some today lament the days when BTC could be bought for a few tens of dollars or maybe a few hundred $ back in 2015/16.

People today have two ways when approaching bitcoin:

• 1. Already a bitcoiner BTC- Keep on accumulating sats, find jobs that pay in btc, work for btc, sell goods/services for btc and so on. Ultimately, become a a master in keys/wallets management and don't leave anything behind as you might want to pass your btc wealth to your family members (or your cat, for what it's worth, I am not here to judge) 
• 2. Nocoiner, shitcoiner - First of all, unload your shit bag and go back to btc. Then follow point 1.

The road is paved for btc to succeed, so don't be left behind.

[Serious475]

18.5 million BTC is already mined so basically there is still 2.5m are left, it takes years before it is all mine, and for sure if that will happen the price of the bitcoin will increase and the demand as well if that is the case the transaction fees will also increase. It is still good for us to invest as much as we can so we will earn a lot of money in the future. You will waste the opportunity if you waste this time to invest, it is better if you already have a good investment as early as you can.