What happens when there is no more Bitcoin available to buy?

[uefbv]

With so many people around the world buying Bitcoin, it’s like a city’s power supply system suddenly collapsing. I can’t imagine it. What do you think?

[hd49728]

With so many people around the world buying Bitcoin, it’s like a city’s power supply system suddenly collapsing. I can’t imagine it. What do you think?

The market needs both buyers and sellers and if there are only buyers but no sellers, the market is dead. In that scenario, you can imagine that it will even have no buyers as buyers only exist if there are sellers.

Bitcoin adoption has been increasing and it together with Bitcoin halving every 210,000 blocks, make the balance between Supply and Demand, Buying and Selling, has become more leaning towards Demand and Buying. Bitcoin price will be beneficial from this trend but as said there must be existence of both buyers and sellers in the market.

How is the 21 Million Bitcoin Cap Defined and Enforced?

The curve is in flat area that means supply halves a lot while demand, as we know, increases so parabolically.

[Henark]

The internet of the blockchains.

[mindrust]

The price of a bitcoin would sky rocket. It would become the sellers market. The market would look like a market for the famous paintings and other art. The sellers would decide the price and the item would be gone in seconds. Infinite demand, non-existent supply.

“This rare bit-coin is from the gox era, I bought it from gox in 2012, never moved it. Never let anyone touch it. It is in perfect condition. Totally clean history. Never contaminated by AML & KYC. The buyer pays for the shipping.”

-Sooold!! One BILLION US Dollars!

[Stepstowealth]

I believe that these are not things that you should focus too much on especially as someone new in investing in bitcoins, they can derail and dampen down your intentions to be an active investor. You need to concern yourself currently with accumulating as much Bitcoin as you can accumulate and understand that the system thrives on buyers and sellers and as long there's someone seeking for bitcoins to buy, there is also someone somewhere seeking for a buyer of their Bitcoin. Supply and demand is how the market functions although they are not always in equilibrium, when demand exceeds supply, the value of the bitcoins we have will increase.

[justinlamode]

With so many people around the world buying Bitcoin, it’s like a city’s power supply system suddenly collapsing. I can’t imagine it. What do you think?

First thing to correct is that there will never come a time when there will be no Bitcoin to buy. Bitcoin is an asset with the highest liquidity in the market so there will always be buyers and sellers. What can only happen is that the demand will outweigh the supply and this will lead to exponential rise in price.

[Rashlyowl]

If that happens, we will see at least 2 interconnected market phenomena:

(1) Infinite Bid

As said by bros @mindrust, BTC price will sky rocket, bids will slowly increase over time, making BTC have infinite bids that are never executed by sellers. That is good because it shows strong consistency from BTC holders, but it also has negative effect on the last price recording & causes further phenomenon.

(2) Bitcoin Price Stagnates

Since no purchases were executed, there will be no purchase records that will form a new price on the charts & price curator platforms. If this phenomenon were to occur now, we would not officially see BTC reach $130,000.

Let's put all this theory to rest, because in fact there is always a need for liquidity, no one will hold it forever, until the time comes, people will sell the BTC they own. Well, except for Satoshi Nakamoto, maybe.

[edroi]

With so many people around the world buying Bitcoin, it’s like a city’s power supply system suddenly collapsing. I can’t imagine it. What do you think?

when all btcs are mined.. it doesn’t mean people can’t buy anymore.. btcs will still move between users like gold but since the last one is expected after 2100... that’s far away.. i mean in 75 years the world may change fully.. maybe a new coin, ai powered blockchain or new payment system could appear.. btc might stay valuable or it could be replaced by something more advanced

[Don Pedro Dinero]

With so many people around the world buying Bitcoin, it’s like a city’s power supply system suddenly collapsing. I can’t imagine it. What do you think?

when all btcs are mined.. it doesn’t mean people can’t buy anymore.. btcs will still move between users like gold but since the last one is expected after 2100... that’s far away.. i mean in 75 years the world may change fully.. maybe a new coin, ai powered blockchain or new payment system could appear.. btc might stay valuable or it could be replaced by something more advanced

I'm correcting you because it won't be in 2100 but in 2140 when the last bitcoin will be mined, but as you rightly say, by then we'll all probably be dead, and I'm not going to worry about what happens long after I die.

The OP could also be referring to this happening before that date due to insufficient supply, with many HODLers unwilling to sell, but this would be solved with price increases.

[BitGoba]

With so many people around the world buying Bitcoin, it’s like a city’s power supply system suddenly collapsing. I can’t imagine it. What do you think?

Money is not something you buy or sell. It is a medium of exchange, a unit of account, and a store of value. Its purpose is to facilitate trade and measure value,The fact that people still see Bitcoin as an investment to trade , buying low and selling high , is a result of the fiat mindset. It misses the point of what Bitcoin really is.If everyone suddenly started using Bitcoin as their primary money, demand for fiat currencies would plummet. This would lead to hyperinflation of fiat currencies, as no one would want to use them anymore, eventually rendering them worthless.

[Felicity_Tide]

What happens when there is no more Bitcoin available to buy?

AFAIK, there will be a time when there won't be anymore Bitcoin to mine, but I don't think there will ever be a time when we won't see any Bitcoin to buy. You have to understand that Bitcoin isn't just in a single unit like 1btc, 2btc, 3btc, and so on. And I guess that is literally one of the reasons why it is divisible into sats. So, no matter how expensive a single BTC gets, its sats will still be affordable for everyone to buy. Bitcoin will always be available for everyone, even if a sat cost $1 or more.

People will always sell at some point. That's what drives the market. You have to sell for me to buy, and the reverse can also happen. Mining will definitely come to an end according how it was designed, but i don't think the same will ever happen for supply due to its divisibility.

[uefbv]

What happens when there is no more Bitcoin available to buy?

AFAIK, there will be a time when there won't be anymore Bitcoin to mine, but I don't think there will ever be a time when we won't see any Bitcoin to buy. You have to understand that Bitcoin isn't just in a single unit like 1btc, 2btc, 3btc, and so on. And I guess that is literally one of the reasons why it is divisible into sats. So, no matter how expensive a single BTC gets, its sats will still be affordable for everyone to buy. Bitcoin will always be available for everyone, even if a sat cost $1 or more.

People will always sell at some point. That's what drives the market. You have to sell for me to buy, and the reverse can also happen. Mining will definitely come to an end according how it was designed, but i don't think the same will ever happen for supply due to its divisibility.

I know that if there is selling, there will be buying, and if there is buying, there will be selling. This is a vicious cycle.

[Jawhead999]

Bitcoin isn't like a power supply system, so your logic is false.

People can only "use" electricity but they can't "send" the electricity back to the system or "pass" to other person. In Bitcoin, you can send it back or pass to other person, if the demands keep rising, it would make people who hold Bitcoin to sell it. Not something like people have to keep it all cost.

There's always a Bitcoin you can buy, if you can't, that means you don't have enough money.

[Rustam Meraj]

Thinking about Bitcoin adoption as city power grid collapsing is powerful image but it is not quite right. City power grid is single centralized system that could fail from too much demand. In contrast Bitcoin is worldwide decentralized network where energy use is spread out. Energy used for Bitcoin mining is not wasted. It is used to secure network which is what gives it value. Also Bitcoin miners mostly use stranded or wasted renewable energynwhich can actually help improve efficiency of power grids. So Bitcoin energy use is real concern it is more complex issue than just simple power grid collapse.

[OcTradism]

I'm correcting you because it won't be in 2100 but in 2140 when the last bitcoin will be mined, but as you rightly say, by then we'll all probably be dead, and I'm not going to worry about what happens long after I die.

The OP could also be referring to this happening before that date due to insufficient supply, with many HODLers unwilling to sell, but this would be solved with price increases.

I don't live long till either 2100 or 2140 and those years are not in my mind at all.

With what Bitcoin is designed and its growth since 2009 as well as solid foundations it has, I believe that its adoption, value and price will continue rising. This is what I know, hopefully it will not be incorrectly, and with which I have strong belief in Bitcoin future so I decided to invest my money in Bitcoin for long term accumulation and investment.

As said I won't live till 2100 or 2140 so my investment plan is not for such years and next 3 or 4 market cycles are my target time to take profit and retire with financial freedom.

[hugeblack]

You forgot that transaction fees are considered block rewards for miners and that miners need to spend to continue mining. Therefore, the only case in which there is "no more Bitcoin available" is when there are no transactions on the network, meaning the value of Bitcoin = zero.

[Russlenat]

With so many people around the world buying Bitcoin, it’s like a city’s power supply system suddenly collapsing. I can’t imagine it. What do you think?

That’s not gonna happen, because for Bitcoin to appreciate there should always be demand for its usage, that’s real adoption. It’s not just about buying and holding long-term. Right now, daily Bitcoin transactions are around 500k. It’s actually lower compared to the same month last year, but the point is people are still transacting.

One big reason I see why transactions continue is because of gambling sites. There’s always demand from gamblers, and gamblers aren’t really investors either. So that cycle of usage keeps going, and even if demand drops in the future for whatever reason, it won’t just disappear completely.

[OcTradism]

You forgot that transaction fees are considered block rewards for miners and that miners need to spend to continue mining. Therefore, the only case in which there is "no more Bitcoin available" is when there are no transactions on the network, meaning the value of Bitcoin = zero.

bitcoins after were mined from Bitcoin blocks by Bitcoin miners will exist on Bitcoin blockchain and in wallets of Bitcoin holders. They can lose their bitcoins if they did not make wallet backups properly for wallet recoveries later. It's hard to lose all 21 million bitcoins in the future, and I don't believe it will happen.

It's only whether the Bitcoin blockchain continues to operate and new Bitcoin blocks will be mined so that Bitcoin holders can move their bitcoin to other wallets or other people in Bitcoin transactions on Bitcoin blockchain. I don't predict the future but I think Bitcoin blockchain will exist for a long time as my belief is blockchain technology changed the world, it will stay so will Bitcoin blockchain.

[Frankolala]

Bitcoin is a commodity and will continue to be moving from one ownership to another to keep the network working. It's impossible for us to have a time that nobody will buy bitcoin again only if the network crash, which I know that the possibility of that happening is very slim. If a golden hand is holding, when he dies, his heir will sell those coins. Traders will always be in the market.

[traderethereum]

If they just buy and sell without mining, that will not make city power supply system collapse

But if no more Bitcoin is available to buy, Bitcoin will be scarce and people will buy at a high price. Bitcoin will be a precious thing like gold and not many people will have it.

But I am not sure if all people want to buy Bitcoin. Some people will still negatively about Bitcoin and they don't want to buy Bitcoin. No need to worry because when that time comes, we may not lives again.