katsuking (OP)
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October 15, 2021, 10:07:58 AM |
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The maximum number of bitcoins that can be issued is fixed. Eighty percent of the coins have already been mined. What do you think will happen to the price after all the bitcoins have been mined? What do you think will happen to the price once all the bitcoins are mined, and how do you think bitcoin will affect the global economy?
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BlackHatCoiner
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Fiatheist
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October 15, 2021, 10:13:04 AM |
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Impossible to know what will happen to the price once they're all mined, which will happen in 2140, since I can't even predict the price of the next week. I can't even know for sure if: - Bitcoin will be demanded from at least one person.
- USD will exist.
- The Earth will be habitable.
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passwordnow
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October 15, 2021, 10:41:37 AM |
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What do you think will happen to the price after all the bitcoins have been mined?
We won't be alive by that time, that's the reality if there are people in here that will still live by the time all bitcoins have been mined then he/she is a legend. What do you think will happen to the price once all the bitcoins are mined
Having that guess that all bitcoins have been mined and there's no new digital asset that has surpassed it then the price of bitcoin by that time is likely more than a million and that's for sure. and how do you think bitcoin will affect the global economy?
It's like gold that many don't want to spend and just keep it as a store of value so yeah, not that much difference from today's usage.
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Ucy
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Compare rates on different exchanges & swap.
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October 15, 2021, 10:50:27 AM Last edit: October 15, 2021, 03:23:32 PM by Ucy |
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The maximum number of bitcoins that can be issued is fixed. Eighty percent of the coins have already been mined. What do you think will happen to the price after all the bitcoins have been mined? What do you think will happen to the price once all the bitcoins are mined, and how do you think bitcoin will affect the global economy?
The price will largely depend on how strong the demand for Bitcoin will be and the supply. If demand remains high with limited supply, it would go up... this's on the basis that no one is able to manipulate the price too much and Bitcoin remains decentralized. So Bitcoin will need to keep doing the right things in order to continue to create demand after 21million, without compromising on its principles/ideals. End of the mining reward won't guarantee scarcity and price increase if there isn't enough demand for Bitcoin
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avikz
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October 15, 2021, 10:53:58 AM |
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The maximum number of bitcoins that can be issued is fixed. Eighty percent of the coins have already been mined. What do you think will happen to the price after all the bitcoins have been mined? What do you think will happen to the price once all the bitcoins are mined, and how do you think bitcoin will affect the global economy?
A very simple logic you can apply. Since bitcoin has a limited supply and it can't be increased, the price will definitely increase if the demand stays strong. It's impossible to say how much will be the price but that will not be at the same level what we are seeing today. Also looking at the crypto adoption, we can safely say that the global economy will also be impacted in a positive way because we will have a new segment of wealthy people - crypto millionaires. Basically it's a bit of a speculation we are doing here, but it's no harm to assume that bitcoin price will skyrocket and if we don't start accumulating right away, we may miss the opportunity!
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Leviathan.007
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October 15, 2021, 11:03:01 AM |
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Firstly, there are some different theories regardig 2140 and what going to happen to bitcoin and bitcoin miners, so we can not make sure about this year and bitcoin. Also, We can not even predict one hours later so we can not do any predictions about 2140 which is more than 100 years later, all we know is the market will exist and there will be still people buying and selling assets and there will be still governments and fiat money. Also, we will see new technologies and during this long time bitcoin can do many adoptions depending on the world situation.
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Poker Player
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October 15, 2021, 11:13:16 AM |
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Impossible to know what will happen to the price once they're all mined, which will happen in 2140, since I can't even predict the price of the next week. I can't even know for sure if: - Bitcoin will be demanded from at least one person.
- USD will exist.
- The Earth will be habitable.
Yes, I'm not worried about what will happen long after I'm dead, and besides, it's one thing I can't control. They are so many variables. Apart from that, it's hard enough to accurately predict what will happen in a cycle or two as to play Jules Verne with Bitcoin, lol.
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TheNineClub
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October 15, 2021, 11:39:47 AM |
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I am having a hard time believing that Bitcoin is the be all end all of crypto. Bitcoin was the first, but should also be considered a stepping stone towards a more diversified and decentralized crypto ecosystem. So 100 years from now Bitcoin could very well still be a thing, but not such an important thing as it is now, and when tall gets mined, well, not much will happen. The price might go up a bit because of it being a limited commodity, but nothing more than that.
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LimLims
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October 15, 2021, 12:09:28 PM |
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The maximum number of bitcoins that can be issued is fixed. Eighty percent of the coins have already been mined. What do you think will happen to the price after all the bitcoins have been mined? What do you think will happen to the price once all the bitcoins are mined, and how do you think bitcoin will affect the global economy?
It’s an interesting topic to be discussed. Actually many haven’t thought of this actually, as it’s really hard to mine all the Bitcoins. But yes as we are here to discuss theoretically, then let’s do it. As Bitcoin follows the trend of supply and demand, so as the coins supply will be low or almost 0, then the price will become too high. The one person who has mined all the BTCs will become the world’s richest person.
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mk4
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October 15, 2021, 01:21:40 PM |
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At some point the amount of coins being mined would be really low that we would already feel the market effects even before 99.99% gets mined, so I'd think that there wouldn't be an effect besides the potential FOMO from news headlines.
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aprilnot
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October 15, 2021, 01:41:27 PM |
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The maximum number of bitcoins that can be issued is fixed. Eighty percent of the coins have already been mined. What do you think will happen to the price after all the bitcoins have been mined? What do you think will happen to the price once all the bitcoins are mined, and how do you think bitcoin will affect the global economy?
I don't know what will happen after all bitcoins are mined. but one thing is for sure bitcoin mining will never stop. because without them, the block will not be confirmed. maybe there will be very little reward that will be generated because every time the halving, bitcoin will deduct half of the reward. this will increase the difficulty. judging from all that, one possibility is that the price of bitcoin will rise. but this is only one possibility, of the many possibilities that will occur in the future. or it could be that the bitcoin hype is fading, often increasing mining difficulty and decreasing rewards. for the problem of its influence on the global economy, perhaps seen from the level of adoption. if the adoption rate goes very fast, this will have a big impact.
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Zilon
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October 15, 2021, 01:49:22 PM |
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The maximum number of bitcoins that can be issued is fixed. Eighty percent of the coins have already been mined. What do you think will happen to the price after all the bitcoins have been mined? What do you think will happen to the price once all the bitcoins are mined, and how do you think bitcoin will affect the global economy?
Just 8% of Bitcoin is already mined from 2009 till date which is a clear picture that we all wouldn't be alive to witness the last mining block of Bitcoin and as such no one can really say for sure what could happen by then. But for sure there would be skyrocketed inflation in price but to what extent is beyond any analyst to speculate because bits still too early for this
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Bitcoin_Arena
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October 15, 2021, 11:09:28 PM |
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Just 8% of Bitcoin is already mined from 2009 till date Did you really mean 8% or It was a typing error? which is a clear picture that we all wouldn't be alive to witness the last mining block of Bitcoin
By the way, if the last Bitcoin block reward was issued, It doesn't mean that would be the last block to be mined on the Bitcoin network. Confirmation of blocks would continue only that miners would rely on the total transaction fees for all transaction in each mined block as incentives to them for mining OP read this: https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/
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ultrloa
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October 15, 2021, 11:55:48 PM |
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The maximum number of bitcoins that can be issued is fixed. Eighty percent of the coins have already been mined. What do you think will happen to the price after all the bitcoins have been mined? What do you think will happen to the price once all the bitcoins are mined, and how do you think bitcoin will affect the global economy?
We don't know on what will actually happen unto that since we don't see the scenario happened yet, But I guess before that to happen for sure we can see the adoption increase and maybe we can see it reach to rich up to the poorest country in the world. And provably if we cannot see stable we can see high prices of it since the supply will became limited compare to the all the supply is not mined yet.
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yhiaali3
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October 16, 2021, 12:43:26 AM |
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The price of Bitcoin will certainly reach unprecedented levels before, it may reach numbers that we cannot imagine now, at that time Bitcoin will become rarer than gold because it can not be mined anymore, but gold is still possible to mine, so Bitcoin will become rare and its price will reach very large numbers that may exceed Millions, a bitcoin to this price will help stabilize the network because when mining stops, fees are the only way for miners to stay in business to keep the network going.
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dupee419
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October 16, 2021, 04:53:54 AM |
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If all of the bitcoins have been mined, the price of a single Bitcoin will probably be valued over 6 digits or even 7 based on USD, if that happens, there's really no point in holding, a lot will take profit from here and will definitely sell due to FOMO, although this situation is unlikely to happen, it'd be fun to at least have an idea if this ever occurs.
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pooya87
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October 16, 2021, 05:43:19 AM |
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In a 100 years from now bitcoin is either long dead or mass adopted in which case it either has 0 price or is worth above $10 million and the price would be stable after reaching mass adoption instead of fluctuating by any dumb news such as "last satoshi mined" specially since halving by then would decrease the block reward by a very small amount.
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Oshosondy
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October 16, 2021, 07:27:28 AM |
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Impossible to know what will happen to the price once they're all mined, which will happen in 2140, since I can't even predict the price of the next week. I can't even know for sure if:
If the world haven't changed about bitcoin, the price will be worth over $1 million by that time, ATH is constant, it will be achieved and achieved over and over time. This definitely means the adoption will increase more and more. - Bitcoin will be demanded from at least one person.
- USD will exist.
- The Earth will be habitable.
This should likely be what exactly could happen, more people will demand for bitcoin, but let us not forget, the price of dollar will be reduced by the USA government which will make bitcoin more valuable.
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Hippocrypto
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October 16, 2021, 08:07:13 AM |
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The maximum number of bitcoins that can be issued is fixed. Eighty percent of the coins have already been mined. What do you think will happen to the price after all the bitcoins have been mined? What do you think will happen to the price once all the bitcoins are mined, and how do you think bitcoin will affect the global economy?
Global economy will still become stronger because there's a lot of support pillars which trades Bitcoin along with usdt. There's a possibility that btc price will become more in demand after 10 years but thinking of mining everything , well that's not possible for single person. Probably for different anonymous individuals that had a capabilities to do it.
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kryptqnick
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October 16, 2021, 08:54:06 AM |
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The maximum number of bitcoins that can be issued is fixed. Eighty percent of the coins have already been mined. What do you think will happen to the price after all the bitcoins have been mined? What do you think will happen to the price once all the bitcoins are mined, and how do you think bitcoin will affect the global economy?
Honestly, I'm not sure Bitcoin will still be relevant by then. I believe in Bitcoin now, but it's just that our world is changing extremely fast, and even in 50 years some radical change in technologies might happen that will make everything we use and value now (PCs, smartphones, the Internet, cryptos) obsolete. There's also a fairly good chance that 100 years from now we'll see a breakthrough in quantum computing, and this will make cryptography as we know it obsolete. Apart from that, tensions are rising in various regions of the world, not to mention the climate change crisis which is already starting, so perhaps in a 100 years people will be devastated by rising water levels, tons of hurricanes and tsunamis, relocations and wars, and in that world perhaps barter would be way more common than using any currencies. If all of this doesn't happen, and humanity stays relatively alright, I think that once everything's mined, it will only continue to rise in price.
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