Bitcoin limit supply

[Piesel]

There are millions of Satoshi in one Bitcoin and are in bits so even if the total 21 million Bitcoinhase been mined, the total buts will only increase in price which gives Bitcoin an infinite total supply. But you should also understand that Bitcoin, if the demand increase so the scarcity will inflate the price.

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[Smartvirus]

Apparently, this is a question that have been asked too many times with regards to OP but, I won't blame you, your new here from the look of it but to avoid creating threads that have been long discussed before, you might want to search it first and then, you can go ahead to create a thread when not found.

Haven't said that, with the supply limit being met doesn't necessarily mean the end of bitcoin. Let's take a page out to gold for example (I know these two @gold @Bitcoin don't go together but for the sake of my illustration, I'll go with it for an analogy). Gold has an estimated supply althogh, discoveries occasionally comes up but let's say that be the case, it hasa definite supply. With gold supply going out, does that means the end for gold? Obviously not. I think the same applies for bitcoin.

We could expect it to loose much of its volatility but definitely, its bound to remain in existence.

[cloudfir3e]

Once the miner has generated all the coins, there will be no more bitcoin to be mined. Additional supply can only occur if the bitcoin protocol changes and allows for a much larger supply. Otherwise, the maximum limit will remain 21 million bitcoin.

For investors, this is great news because bitcoin will become scarce and bitcoin is a highly volatile asset—with extreme price increases and dramatic declines. This will be a great opportunity for potential investors to enter the market and try to invest.

[worle1bm]

The supply which Satoshi set up was only 21 Million bitcoins and it cannot be increased by any means but with time people lost their keys to coins and those coins are out of supply so we can say that there will never be 21 million coins in circulation.

This topic has been discussed many times and we all know the transaction fees will be enough for the miners by then so the security will be maintained and there will be usage if we see from the current time but can't say exactly what will happen in century.

[fauzan Ichsan]

There are millions of Satoshi in one Bitcoin and are in bits so even if the total 21 million Bitcoinhase been mined, the total buts will only increase in price which gives Bitcoin an infinite total supply. But you should also understand that Bitcoin, if the demand increase so the scarcity will inflate the price.

This is where the laws of economics apply. with the increasing scarcity of bitcoins to be traded while demand increases, it will further increase the price, and of course this limited supply I think will only affect the price, and of course crypto currency is not only bitcoin. and of course if developments are in accordance with our vision for the future, then we are very suitable for investing, as many people are doing today.

[pawanjain]

It says that there will only ever be 21 million Bitcoin and the current BTC supply is almost at 19,094,150. What happens when its limit reached? will BTC price goes up instantly due to scarcity? is it the doom for Bitcoin since there is no room to mine? or maybe it will likely never reach 21 million?

According to me, fiat currency is showing it's flaws at regular intervals and that is making more people to believe that an alternate system of payment is needed.
Though bitcoin is not perfect but it still shows how people can actually have a control on their money and literally own their wealth.
Bitcoin is a gateway to an alternate payment method and this is enough reason why I can say that it will continue to exist forever.
People who can afford it will hold it while other alternate currencies would be used for daily payments.
So even after all the bitcoins are mined people will still use it and miners will rely on the mining fees for rewards.

[boyptc]

It says that there will only ever be 21 million Bitcoin and the current BTC supply is almost at 19,094,150. What happens when its limit reached?

Too many discussions already in the forum about reaching the supply limit. You can search for most of those topics through searching at the top right of the search box. Well, but to have it a summary, transactions will still happen and still will be confirmed by the miners.

will BTC price goes up instantly due to scarcity?

That's basically it, applying the law of supply and demand but not instantly.

is it the doom for Bitcoin since there is no room to mine? or maybe it will likely never reach 21 million?

Not doomed, it's unlikely that we'll still be alive when all bitcoins are mined.

[Doan9269]

It says that there will only ever be 21 million Bitcoin and the current BTC supply is almost at 19,094,150. What happens when its limit reached? will BTC price goes up instantly due to scarcity? is it the doom for Bitcoin since there is no room to mine? or maybe it will likely never reach 21 million?

When the whole bitcoin have been mined there's nothing to worry about, the orice and value of bitcoin remains and here miners get their rewards from the incentives of the transaction fees levied on every transaction made, the volatility is neither a threat to waether bitcoin in failing but by then, it will still be maintained as that's what drive the push for buying and selling of bitcoin in the market, the price is likely to go high drastically because the more the adoption the higher it's demand and price will indeed increases as well.

[Jemzx00]

The supply which Satoshi set up was only 21 Million bitcoins and it cannot be increased by any means but with time people lost their keys to coins and those coins are out of supply so we can say that there will never be 21 million coins in circulation.

This topic has been discussed many times and we all know the transaction fees will be enough for the miners by then so the security will be maintained and there will be usage if we see from the current time but can't say exactly what will happen in century.

Once the limit of bitcoin has been reached which is 21 million bitcoin, there will no longer be a bitcoin to be mined however miners will be able to earn through transaction fees. Yes, there won't be a 21 million coins being circulated as a lot of wallets has been forgotten, lost and accessibility issue from it's owners.

The scarcity that it will cause will probably cause various changes as it may cause Bitcoin's price to either go dip or be much more higher than what we have now. Also, since tons of bitcoin has been stored on exchange sites, there's are speculation that it is losing it's decentralization. We will just need to wait for the outcome and how this limit will affect bitcoin once we reach it.

[aylabadia05]

It says that there will only ever be 21 million Bitcoin and the current BTC supply is almost at 19,094,150. What happens when its limit reached? will BTC price goes up instantly due to scarcity? is it the doom for Bitcoin since there is no room to mine? or maybe it will likely never reach 21 million?

As I got from bitcoin.com, the Bitcoin network's inflation rate per year is 1.74 percent and after each halving process, the annual inflation metric will continue to fall.
With the halving process, it can be said that the mining process will run slower.

BTC is last expected to be mined in 2140 or about 118 more years meaning that over the past 13 years since the start of Bitcoin, miners have earned 19 million BTC as already mentioned by Apocollapse.

Correct, Bitcoin supply will never reach 21 million, but it's almost closest to 21 million on 2140

If Bitcoin is scarce, then the price will be very high. So when the current price of Bitcoin is still at the point of $21K and at the price of $18K, don't panic.
Please read the two references below for easy understanding.

Link 1
Link 2

[justdimin]

There are millions of Satoshi in one Bitcoin and are in bits so even if the total 21 million Bitcoinhase been mined, the total buts will only increase in price which gives Bitcoin an infinite total supply. But you should also understand that Bitcoin, if the demand increase so the scarcity will inflate the price.

This is where the laws of economics apply. with the increasing scarcity of bitcoins to be traded while demand increases, it will further increase the price, and of course this limited supply I think will only affect the price, and of course crypto currency is not only bitcoin. and of course if developments are in accordance with our vision for the future, then we are very suitable for investing, as many people are doing today.

It’s not always like that though. I mean for bitcoin it has been like that and it will stay like that for sure, but not everything in life. Sometimes, when there is a product that is debatable to be a valuable thing, and then some hardcore collectionists end up getting most of it, the remainder are not valuable because nobody wants it, and that’s when the price goes down a lot.

Bitcoin is not like that though, it is definitely something we all like, and will continue to like, and that is why it’s one of the best things ever for us. All in all, I have to say that the limited supply of bitcoin makes it the good thing, because printing more and more doesn't work, we have seen that in fiat.

[kryptqnick]

It says that there will only ever be 21 million Bitcoin and the current BTC supply is almost at 19,094,150. What happens when its limit reached? will BTC price goes up instantly due to scarcity? is it the doom for Bitcoin since there is no room to mine? or maybe it will likely never reach 21 million?

We won't be there to witness what happens, but within out lifetimes the vast majority of BTC will be mined, and then only scraps will be left of the long time. I think this transitioning can help to stop caring about mining new coins and focus on confirming transactions and getting transaction fees instead, so I don't think that reaching the cap or getting very close to is will be a big deal. As for what happens next, as others pointed out, it depends on the demand. If something is scarce, it doesn't necessarily mean people will want it. So we don't know what will happen to the price.

[PrimeNumber7]

There are millions of Satoshi in one Bitcoin and are in bits so even if the total 21 million Bitcoinhase been mined, the total buts will only increase in price which gives Bitcoin an infinite total supply. But you should also understand that Bitcoin, if the demand increase so the scarcity will inflate the price.

This is where the laws of economics apply. with the increasing scarcity of bitcoins to be traded while demand increases, it will further increase the price, and of course this limited supply I think will only affect the price, and of course crypto currency is not only bitcoin. and of course if developments are in accordance with our vision for the future, then we are very suitable for investing, as many people are doing today.

This depends on if the price of bitcoin is elastic, or inelastic.

It says that there will only ever be 21 million Bitcoin and the current BTC supply is almost at 19,094,150. What happens when its limit reached? will BTC price goes up instantly due to scarcity? is it the doom for Bitcoin since there is no room to mine? or maybe it will likely never reach 21 million?

Bitcoin is like money, people will always be needing to exchange their coin for goods/services, so there will always be a supply of bitcoin being "sold" for other things.

Once the block subsidy reaches zero, the block reward will be made up entirely of transaction fees. A long time before this happens, the majority of the block reward will be transaction fees, so miners will only be marginally affected.

[AakZaki]

When the whole bitcoin have been mined there's nothing to worry about, the orice and value of bitcoin remains and here miners get their rewards from the incentives of the transaction fees levied on every transaction made, the volatility is neither a threat to waether bitcoin in failing but by then, it will still be maintained as that's what drive the push for buying and selling of bitcoin in the market, the price is likely to go high drastically because the more the adoption the higher it's demand and price will indeed increases as well.

In theory it is like that, I hope that theory will not be broken.  In addition, I hope that confidence in the value of bitcoin will not be lost either. That's why bitcoin becomes valuable. If trust is lost then bitcoin will no longer be valuable.
Indeed, if the demand is increasing and the amount of the remaining goods is reduced, it will cause an increase in prices. It is included in the legal theory of supply deman. Although indeed I still have a little problem with scalability and transaction costs. This results in slower transactions.

[Fundamentals Of]

All three are possibilities. All three could happen. There is no definite prediction as to what will happen if the limit is reached. There is the possibility that the price would rise high because there's no more Bitcoin left to mine. There's also the possibility that the miners would be insufficiently supported by just the transaction fees and they would decide to quit. And there's also the possibility that Bitcoin couldn't even survive up to the point where the last satoshi is mined. All three are open possibilities.

What is sure though is that there will only be 21 million Bitcoin. That alone is worth something. That alone is assurance enough in the face of an unlimited fiat. 

[Michael White]

Eventually the hard cap of the supply of bitcoin will be reached, most of the operation will be carried out in the same way they are done today except for the miners as they won’t be able to mine more bitcoins. They’ll only be able to earn from the transaction which means transaction fees might go up.

[franky1]

Eventually the hard cap of the supply of bitcoin will be reached, most of the operation will be carried out in the same way they are done today except for the miners as they won’t be able to mine more bitcoins. They’ll only be able to earn from the transaction which means transaction fees might go up.

technically, utility, and logically it "should" be that more transactions are allowed to go through. thus more people spend small amounts to equal bigger total block fee's

EG
2000 tx at $1 each($2k total block fee income) -> 2000tx at $2 each ($4k total block fee income)
is the same as
                                                                         5000tx at $0.80 each($4k total block fee income)

bitcoin mining current is 6.25btc a block = $125k
so having a network that is abuse resistant due to cost of block creating being hundreds of thousands.
would require hundreds of thousands of transactions at $1 per tx level..

.. we should not be trying to be stupid and think that in years/decade bitcoin should remain at only 2000 tx where each tx is forced to pay $60 each to have same cost security as this year.

[Thara20]

Bitcoin miners will stop getting block rewards once the total supply in circulation has been reached.When all of bitcoin has been mined, transaction fees will be the only source of income for miners. The absence of new supply will cause bitcoin's price and purchasing power to change. Because Bitcoin is so rare, consumers and investors will find it more appealing.
Also, because arithmetic bit-shift operators within the Bitcoin network adjust mining rewards' decimals to the nearest integer. The total count of Bitcoin that can ever be mined will probably be less than 21 million because this can occur every time a block reward is decreased in half.

[Nicholas Schaefer]

Yes, when the total bitcoins will be mine the transaction cost will definitely increase as it will be only the source of income for the miners at that moment. Though I can’t surely say this as the world is moving very fast wrt the innovations.

[Docnaster]

When Bitcoin can no longer be mined because all 21 million coins have been mined, first, I believe Bitcoins that will be in circulation won't be up to 21 million coins when we consider the hundreds of thousands of Bitcoin that it's owners have lost access to, so this I believe makes Bitcoin even more scarce, and since there will be no other way to get Bitcoins except by buying them, I believe price will skyrocket, but it all depends on the demand though, and how good the network is by the time, if after mining ends, and transaction fees skyrocket, then I believe this will be a major issue for many most especially the small investors, but i still believe this is unlikely to happen, but let's see what happens then.

Currently now that 21 million bitcoin has not been mined, the bitcoin in circulation is less that 21 million.  A huge percentage of bitcoin has been lost irretrievably by people, especially the early adopters who didn't know much about how to save their bitcoin and many of them didn't believe bitcoin will turn out to what it is now, including myself.
What I don't know what will happen is when there is no btc incentive for miners anymore, what the transaction fee will look like.