Blawpaw
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October 24, 2021, 02:14:02 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. The big majority of the coins have already been issued. Currently, the reward per block is 6.25 BTC which will decrease to 3.125 BTCWhat do you think will happen to the price after all the bitcoins have been mined? I take it that if bitcoin still exists at that point the price will surge right before all coins have been issued. 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?
If bitcoin is still alive at that point it would mean that it went mainstream and probably adopted as the World currency. So, as said, I expect a price surge as scarcity will push the price to the moon and so forth and of course that this will have serious global implications.
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awik p
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October 24, 2021, 03:01:18 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?
If it happened that all bitcoins are mined, the price of bitcoins will surely be value 6 to 7 digits based on USD. If that will happen then there's no reason for us to hold our coins and surely all of us will gain profit. I believe that bitcoin will be more stable that we don't need to worry everything. But, it is very difficult to say it now since the time is very long. We can't say it now because it is not easy to predict what will gonna happen to the near future. If that happen, I am very sure that digital currency will be better major in the future. to be able to mine all of them, of course it takes a very long time, and at that time there may already be the latest regulations on bitcoin in every country, maybe many countries have legalized it, and of course bitcoin will be the same as fiat currency movements, and maybe the fluctuations tend to be stable. hopefully by then bitcoin can be an alternative payment instrument at least
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Doell
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October 24, 2021, 03:36:13 PM |
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guessing in this case is a difficult thing, because it is still a very long time. however, some of the things I can speculate on is that the price of bitcoins will be very high, given that they are very limited in number. if bitcoin became very popular at that time, it is very difficult to predict its price. In addition, bitcoin may no longer be valued as a currency, but as an investment tool. however, it will be in stiff competition with gold or gems. Well, that's still speculation, but it could be the other way around.
yes regarding prices it is difficult to predict in the future ,I also make sure that prices from the past were difficult to predict too ,if all bitcoin are successfully mined it will be difficult to get below the average price at current prices now ,well we have gone to the moon for now and it is likely that we will go to this distant planet in the solar system in the future for digits it might be a surprise
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blatchcorn
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October 24, 2021, 06:51:38 PM |
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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.
The way we are destroying the earth, it seems impossible that by 2140 the earth will be habitable. To the question posted by OP, lets leave that query to people who will be there by 2140 (Of course we wont be here by 2140, only our posts will be here). What I know is that there is fee that miners will get for there services, I think all miners will decide that price by a consent.
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Abiky
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October 29, 2021, 11:06:07 PM |
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The way we are destroying the earth, it seems impossible that by 2140 the earth will be habitable. To the question posted by OP, lets leave that query to people who will be there by 2140 (Of course we wont be here by 2140, only our posts will be here). What I know is that there is fee that miners will get for there services, I think all miners will decide that price by a consent.
No one knows what will happen by 2140. We won't be alive by that time after all. How Bitcoin will look like in the future is a mystery to all of us. My guess is that Bitcoin will become an extremely valuable cryptocurrency by then. With high market prices, it's possible that miners will live off Bitcoin's network fees. Coins will continue to circulate as usual, but there will be no block reward at all. I would focus more on how Bitcoin is doing now, than how it'll do in the future. I'm sure Bitcoin will do fine at least during our lifetime. Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Ziskinberg
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October 29, 2021, 11:46:39 PM |
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It has been untold what really happens someday but I'd never think that it make the price of Bitcoin turn down and back to $0. For as long as there is a huge demand on Bitcoin and make use for our daily activities, that something won't happen but instead it keeps the price increasing. Maybe 10 years from now we were able to see the price was doubled or even more. That is why many investors tend to hold their Bitcoin longer for they feel and have positive insights about this thing. It seems possible that we can't buy Bitcoin at $50k anymore in the future.
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peter0425
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October 30, 2021, 05:05:12 AM |
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guessing in this case is a difficult thing, because it is still a very long time. however, some of the things I can speculate on is that the price of bitcoins will be very high, given that they are very limited in number. if bitcoin became very popular at that time, it is very difficult to predict its price. In addition, bitcoin may no longer be valued as a currency, but as an investment tool. however, it will be in stiff competition with gold or gems. Well, that's still speculation, but it could be the other way around.
yes regarding prices it is difficult to predict in the future ,I also make sure that prices from the past were difficult to predict too ,if all bitcoin are successfully mined it will be difficult to get below the average price at current prices now ,well we have gone to the moon for now and it is likely that we will go to this distant planet in the solar system in the future for digits it might be a surprise What are you talking ? are you High? we will go to distant planet? lol go yourself and don't add me to your stupid views in life ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I would rather die here than going anywhere outside this Plant, are you a Fan of Elon Musk? then go with him ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Well, that's still speculation, but it could be the other way around.
don't you worry because everything in HEre is speculation .
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wajik-tempe
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October 30, 2021, 05:14:43 AM |
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It has been untold what really happens someday but I'd never think that it make the price of Bitcoin turn down and back to $0. For as long as there is a huge demand on Bitcoin and make use for our daily activities, that something won't happen but instead it keeps the price increasing. Maybe 10 years from now we were able to see the price was doubled or even more. That is why many investors tend to hold their Bitcoin longer for they feel and have positive insights about this thing. It seems possible that we can't buy Bitcoin at $50k anymore in the future.
Whoever thinks bitcoin become 0$ after all bitcoin all mined doesn't make sense at all because the more the supply is limited the price is must be higher because of the demand is still there this is the basic concept of economy. I think there are already many investors are planned to hold their bitcoin until all the resource mined and they also already predict the price will be crazy high at that time.
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Gyfts
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October 30, 2021, 06:36:39 AM |
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Granted this question won't be relevant for a long time - answer depends on demand, not supply. We know what the total supply of coin in circulation will be and can calculate the number out, subtracted by the estimated coins lost every year. We can use trading volume in this calculation as well. What's not predictable is the demand in the future, which will have the most effect on price. Theoretically the end supply of bitcoin could be literally one coin, and if the demand remains the same, then just a few satoshi could be worth a significant amount.
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carrigan
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October 30, 2021, 06:37:35 AM |
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Talking about the future price of Bitcoin is difficult to predict if not impossible. The market is very volatile so no one will know the state of bitcoin later, even a professional trader is still difficult to guess and predict the price of Bitcoin in the future. Moreover, the miners must have their own price standards. Maybe the price of Bitcoin will actually increase because it is rare and only owned by miners. That's just my opinion.
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lucates
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October 30, 2021, 01:24:04 PM |
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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.
I agree with your opinion. We can't do any prediction about 2140 which is more than 100 years later. Now miners are the people who get bitcoins as rewards for each successfully verified transaction or proof of work. Miners also get minimum or no amount of transaction fees. After 2140 the miners can be utilise a decent amount of transaction fees . Generally speaking the amount is maybe less as compare to banking charges in a foreign exchange. However is it relevant today? I don't think so. During this period obviously many drastic changes will happen therefore it all depends on the market at that time.
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CDC AP
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October 30, 2021, 03:44:40 PM |
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Well you cannot predict some thing which is going to happen after more than 100 years from now on...we cannot even predict what is going to happen with bitcoin price next month, so talking about that faar no one can say and i think we dont have to worry about it because none of the member in this forum currently will be living at that time.
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Ultegra134
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October 30, 2021, 03:57:42 PM |
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I've asked a similar question in the past, the mining difficulty increases as the times go by, reducing the amount of Bitcoin being mined per block. Doubt it that there's an actual way of knowing when that's going to happen.
On the other hand, the price is expected to have skyrocketed by then, but that'll probably take quite a few decades to say the least.
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The Cryptovator
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October 30, 2021, 04:03:59 PM |
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Since we aren't philosophers so we can't forecast even what will happen after hundreds of years. If Bitcoin exists then Bitcoin price would touch multi-million that time when Bitcoin will mine fully. Or there would be more latest coins or something else which would replace Bitcoin. Back in the hundreds of years, no one imagined Bitcoin will be created and gain a global economy. But it has happened. So it's not impossible there would be something new technologies.
However, I think many threads have been created with the same title. So a little search would give you more best answers.
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Stedsm
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October 30, 2021, 04:13:47 PM |
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If BTC continues to establish its place between all those high valued stocks and even goes beyond gold and other valuables, I believe the demand will definitely skyrocket considering the limited number being reached and then, if people get used to this, then BTC will definitely make unbelievably new highs we can't even think of (maybe even Satoshi's dream comes true). These are all hypothetical statements and will vary based on a biased mindset about this question because if it doesn't go like we believe, then BTC will not be worth what it's now and be dumped. Here, we all are just speculators and crypto works more on beliefs than money.
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Crptomagma
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November 01, 2021, 02:50:46 AM |
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We won’t be alive by that time so it’s impossible for us to know what happens to bitcoin price. But one thing I know for sure as a bitcoin enthusiast is that it will always get better. Even after all bitcoin has been mined the price of bitcoin will still be appreciated because bitcoin is the future coin. The world will be a better place.
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Issa56
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November 01, 2021, 10:38:19 AM |
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After 21 million bitcoin have been mined I believe is to early to know what will happen let's wait till then and see what will happen but I believe by then bitcoin price will continue to pump massively because there won't be any new bitcoin entering the market so we will all have to be trading the one in circulation and I believe some people will buy and hold so I believe this will make bitcoin to be unstoppable so you can just start accumulating your bitcoin from now for yourself or if you are old already you can start accumulating bitcoin for your children.
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TheUltraElite
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November 03, 2021, 05:30:37 AM |
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if all bitcoin are successfully mined it will be difficult to get below the average price at current prices now , Bitcoin is deflationary in supply. The world population keeps increasing and due to lack of space to live will very soon make the bitcoin available to them, scarce. Following that logic, prices will increase a lot more than what it is today if fiat currencies still remain the basis of exchange. well we have gone to the moon for now and it is likely that we will go to this distant planet in the solar system in the future for digits it might be a surprise I think most of the people alive today will be very old by then and likely not survive a relocation to another planet. Then again, I would rather live in this dying world than go to space. We won’t be alive by that time so it’s impossible for us to know what happens to bitcoin price. But one thing I know for sure as a bitcoin enthusiast is that it will always get better. Even after all bitcoin has been mined the price of bitcoin will still be appreciated because bitcoin is the future coin. The world will be a better place.
119years from now, there might be much positive improvements in cryptocurrencies. Who know what economic and scientific changes are going to come by then. As far as the question of "whether holding bitcoin for the future makes sense" remains the basis of such topics - the answer is always yes.
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Jeffreyy68
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November 03, 2021, 05:43:19 AM |
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Total supply only 21m but part of it lost wallet address and recover key and 1m BTC reserve at satoshi wallet When all BTC halving predict $200,000.
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vanessa915
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November 03, 2021, 05:57:56 AM |
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i think the price will like rollycoster, because all coin are on market
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