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Author Topic: May 7th, 2140  (Read 275 times)
virtualdn (OP)
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January 14, 2021, 02:26:53 PM
 #1

Last BTC will be mined on May 7th, 2140

What else reason do you need to know that BTC is the future?

I imagine 1 BTC might value then 50-100 Millions a coin, looking at the USD inflation rate.

You might say that's too far away, but 1M a coin is something you can see in your lifetime.

With BTC you have to think think medium to long term.

Short-term thinking is your worst choice, don't have weak hands, you will regret later for cashing "pennies" now.

1 BTC = 1 BTC
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January 14, 2021, 03:34:22 PM
 #2

Last BTC will be mined on May 7th, 2140

What else reason do you need to know that BTC is the future?

What else?? A lot of ... fixed supply is not the only factor of grow. There are a lot of coins that are already 100% minted (like BNB that in fact is deflationary starting from first day). 

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January 14, 2021, 03:42:27 PM
 #3

Last BTC will be mined on May 7th, 2140

What else reason do you need to know that BTC is the future?

What else?? A lot of ... fixed supply is not the only factor of grow. There are a lot of coins that are already 100% minted (like BNB that in fact is deflationary starting from first day).  

All other coins are copycats. Without BTC none would have existed.

1 BTC = 1 BTC
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January 14, 2021, 03:42:31 PM
 #4

You might say that's too far away, but 1M a coin is something you can see in your lifetime.

it IS too far away. 100 years ago monetary systems weren't even remotely like what they are today. heck 11 years ago things weren't like this (before bitcoin revolutionized it). in a 100 years from now things won't be like today either.
whether we are talking about the price then or the mining reward, it is impossible to predict both.

There is a FOMO brewing...
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January 14, 2021, 03:44:13 PM
 #5

Last BTC will be mined on May 7th, 2140

What else reason do you need to know that BTC is the future?

What else?? A lot of ... fixed supply is not the only factor of grow. There are a lot of coins that are already 100% minted (like BNB that in fact is deflationary starting from first day). 

I second your opinion! Limited supply and scarcity model is not the only driver of growth! Organic adoption and usability are also major players behind its growth in which we are currently lagging behind. Still we have a lot of countries where bitcoin is not legal or the legal status is confusing. These are bottlenecks towards organic growth which may (or may not) eventually sorted out in future.

Also 50-100 million sounds like bit too much bullish, at least to me!

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January 14, 2021, 03:51:06 PM
 #6

Last BTC will be mined on May 7th, 2140
You think about Bitcoin 119 years from now, this is too much.

There is no reason to know for the next 119 years, this is too far for you to talk, why don't you talk about Bitcoin now or the next 2-3 years.

I asked the fortune teller for the year 2140, everything will disappear, no Bitcoin and no more humans on this earth.
There is nothing to worry about anymore.

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January 14, 2021, 03:57:25 PM
 #7

Keeping 1 whole bitcoin for your kin or your descendants for good measure is always good. Trading up your btc into fiat every now and then due to your needs is also not bad, considering that almost everything right now is still tied to fiat, and there’s little to almost no merchants that will accept bitcoin as a form of payment. They’d rather stick to fiat currencies for payments rather than try to dive into bitcoin this early without much protection on their favor.

For the next 100+ yrs, it’ll be very difficult to predict what will happen. Whether bitcoin is still existing, or the humans are not.

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January 14, 2021, 04:19:12 PM
 #8

Last BTC will be mined on May 7th, 2140
Says who? Satoshi Nakamoto? No one knows when the last bitcoin will be mined. If we assume that bitcoin will be used just like today on the year 2140, then it is calculated that one month around that year the 34th halving will occur. No one, obviously know when exactly. I don't know how you assumed that it will be exactly on May 7th.

I imagine 1 BTC might value then 50-100 Millions a coin, looking at the USD inflation rate.
Nah, I don't believe that bitcoin will ever reach that much. Maybe some millions, but this is a madness.

You might say that's too far away, but 1M a coin is something you can see in your lifetime.
True.

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January 14, 2021, 04:20:27 PM
 #9

I think 1 BTC will be worth 1 BTC in 2140, and USD will only be in history books and antique collections.

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January 14, 2021, 04:53:15 PM
 #10

Nah, I don't believe that bitcoin will ever reach that much. Maybe some millions, but this is a madness.

main part of such a big rise is not about bitcoin itself rising up in value but it is all about dollar losing its value due to its inflation. consequently you have to pay more dollar to buy bitcoin similar to buying anything else with dollar.

There is a FOMO brewing...
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January 14, 2021, 05:05:35 PM
 #11


I imagine 1 BTC might value then 50-100 Millions a coin, looking at the USD inflation rate.
Nah, I don't believe that bitcoin will ever reach that much. Maybe some millions, but this is a madness.


It's not madness it's called inflation.

1 BTC = 1 BTC
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January 14, 2021, 05:22:39 PM
 #12

My 2140 price prediction: I predict 1 BTC will be worth 20 million dollars due to the fact I have no idea what I'm talking about.
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January 14, 2021, 05:45:49 PM
 #13

What will the world be like in 2140?  Will people use money in the future? 

In fact, money is not needed to distribute the goods (works, services) created by society among the inhabitants of the Earth.  Perhaps in the 22nd century, people will earn reputation tokens by doing good deeds.  The more reputation tokens you have on your balance sheet, the more goods (works, services, goods) created by society are at your disposal. 

Maybe in 2140 Bitcoin will stop being money?  Perhaps it will be one of the many virtual reality Internet protocols.

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January 14, 2021, 06:06:13 PM
 #14

I of course agree that in theory all of this is linked to the halving.
but maybe some of those who still participate in crypto at this time do not necessarily still exist and may also have carried out other activities, it is still too far to predict things that might change at any time.
just now this year all predictions are many different and no one can determine the truth even though they are sure.

Broadly speaking, there are people who believe that this year bitcoin will reach $ 100K but why are there still many who do not dare to invest directly, because seeing the situation if the price is high enough is certainly very risky and of course as a trader it is not very good to do, better to wait well enough to buy when it really goes down. how to traders told to save until 2140.
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January 14, 2021, 06:35:13 PM
 #15

That's possible if bitcoin is still existing by that time. Just imagine that we're already 18.6 in total supply that has been mined. As we approach the total supply limit, the mining process gets more difficult and the miner rewards are getting lesser which will trigger to make the prices very high. It's already enough for me to keep until it reaches $100k - $1M. I won't even be witnessing to see the last bitcoin to be mined, I mean all of us in here.

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January 14, 2021, 06:38:44 PM
 #16

That's possible if bitcoin is still existing by that time. Just imagine that we're already 18.6 in total supply that has been mined. As we approach the total supply limit, the mining process gets more difficult and the miner rewards are getting lesser which will trigger to make the prices very high. It's already enough for me to keep until it reaches $100k - $1M. I won't even be witnessing to see the last bitcoin to be mined, I mean all of us in here.
I don't think you understand how mining works. The difficulty is adjusted every 2016 blocks and it is proportional to the total hashrate of the network. Bitcoin could get way easier to mine then due to the perceived lower block rewards or it could be harder if the transaction fees and the price of Bitcoin outweighs the cost of mining. The cost of mining does not usually affect the market price of Bitcoin, the supply and demand dictates the price movement.

Eh, believe in what you will. You won't be alive to see it. Bitcoin could be replaced by something better for all you know.

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January 14, 2021, 06:54:27 PM
 #17

We can leave the future of bitcoin to a future generation, without having to think too far into reality. Bitcoin needs real adoption to grow and not just based on the supply it has. Nobody knows what exactly will happen after 100 years of bitcoin existence but if the upcoming generations will continue to value bitcoin and adoption keep on increasing, then bitcoin will stay and will become more and more valuable and useful.
What is clear is that this thought has gone very far, I really agree with you that we will not know what will happen a hundred years later whether the successor will indeed continue to run or maybe there will be a new system more than crypto so crypto is abandoned. things are too far from going that long, as most of the existing ones may not have existed.

The most important thing is of course whether this year's prediction is because there are still many mysteries that will happen and it is better to be used as a review that might be more useful, but it's not that the information is not needed, all the information is of course very important to know.

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January 14, 2021, 07:02:17 PM
 #18

I asked the fortune teller for the year 2140, everything will disappear, no Bitcoin and no more humans on this earth.
There is nothing to worry about anymore.

Sadly, I don't believe in fortune-tellers but I do believe in ever-developing technology. If the fortune-teller ever saw the future then he could have bought Bitcoin in its early stage and had stop fortune telling for a living.  Though I agree that 2140 is way too far for us to be a concern, we should be worrying about how we can take advantage of the opportunity that Bitcoin has to offer right now.  And I saw the sarcasm on that post  Grin.

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January 14, 2021, 07:08:01 PM
 #19

main part of such a big rise is not about bitcoin itself rising up in value but it is all about dollar losing its value due to its inflation. consequently you have to pay more dollar to buy bitcoin similar to buying anything else with dollar.
Yes, but that number seems to be too far away. The day that bitcoin will reach 50M dollars must be before the day that companies will have computers strong enough to brute force an address with success. Even if it's mostly unlikely to happen in the distant future, human is dangerously smart creature. If that day never comes, then bitcoin can easily reach 50M by 2140.

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January 14, 2021, 07:46:03 PM
 #20

Is more than 100 years from now and the only reason for mining would be for transaction, actually I dont understand that aspect has been stated. At the early stage of cryptocurrency we may not know the changes that will happen in the space but a lot of people still believe bitcoin wont rule forever. The population would have grown more and we have less than 5 million bitcoin traded, at a point the space will try something else when the decentralized state of bitcoin is obvious and selfish

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