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

[hd49728]

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.

If there is no longer Bitcoin mining, the Bitcoin network is dead, the Bitcoin blockchain is dead and in such future, I believe there is nobody wants to buy bitcoin.

Bitcoin has demand in the community because people see it as a safe heaven against fiat currency inflation and decrease of fiat currency purchasing power. If Bitcoin blockchain is dead, people can not move their bitcoin from exchanges to their non custodial wallets, and this means they won't be able to actually buy and own bitcoins.

If they buy anything marks as Bitcoin on centralized exchanges, it is only a fake number in their accounts, nothing more. No ability to withdraw that bitcoin figure to their non custodial wallets. Surely when people understand it, they will not spend money to buy it.

[Mrbluntzy]

That won't be possible because apart from the institutional and retail investors who buy and hold, there are also institutional future or derivative traders who are trading billions of dollars in the market every day, they don't buy and hold but are using a fiat currency such as USDT as collateral to enter the trade for Bitcoin but they are not really buying Bitcoin to hold it but are only speculating on price. Therefore Bitcoin price is on continues movement by buyers and sellers.

[_BlackStar]

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 would die without trading volume - profitability would be non-existent and that's a terrible scenario for any asset. However - I don't think that will happen, because the bitcoin market will remain active regardless of volume. Investors, holders and traders need volatility to generate returns - so the market will always be active, even if trading volume fluctuates significantly.

[Churchillvv]

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?

If there is a buyer there is a seller, however even in the times where one might think that bitcoin wouldn’t be enough to go round, there will surely be some bitcoin left in the market for circulation.

the purpose of exchanges is to keep the flow of money (bitcoin) so for those who will probably have there coins on a centralized exchange, the exchange can keep the numbers or recorded numbers for them while selling and buying the real coins on the market hence the market will keep flowing. This is a basic concept

But in reality, bitcoin will keep existing for buy and sell, let’s keep it real the imagination is too far and wild in my honest Opinion

[peter0425]

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?

No need to worry bitcoin circulates as well. People sell if not for profit then to buy something or to convert it to fiat. So such time where no one’s selling bitcoin anymore will not come. Unless it stops becoming valuable

[PX-Z]

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 how the market works. Exchanges, whether big or small, still will buy Bitcoin from different institutions regardless of the price. They then sell it to their users at a higher rate to secure profit. That's essentially how the business operates, and that's a continuous cycle.

[JiiBs]

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?

There is always going to be Bitcoin available to transact with. It’s a money that doesn’t go away, never gets old, never gets damaged but, can only be lost access to and that’s unlikely to happen. Bitcoin would always be available, maybe scares should people keep loosing their private keys or seed phrase and more people having to hold the most they’ve got but, there would always be Bitcoin available for people to transact with.

I think you are having the idea that, after the last Bitcoin is mined, there would be none in existence but, that’s far from the truth as every mined Bitcoin comes into circulation and remains available.

[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.

Understand that nothing is permanent and that everything needs to be maintained. If you don’t maintain it, everything will disappear. This is true for everything, whether it’s emotions, essential things, or life.

[tottong]

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?

It is impossible for this to happen because the market needs sellers and buyers to make maximum growth in any asset.
Scarcity can occur due to several factors but for the process of selling and buying still there, imagine how potential assets like this are not available to buy then what will happen regarding the growth of assets in the future.
This kind of thing does not need to be considered further because it must be done how we can get bitcoin and now there is still a lot of time we can do rather than trying to talk about scarcity.
Assume the holder will not sell the bitcoin they have but the maximum price increase will overcome the problem the.

[Zigabel]

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?

There needs to be a balance for a collapse not to happen, the only time we experience collapse is where there's an imbalance at some point within certain areas of a system, now let's get it straight, Bitcoin is not a system that I will say has imbalance hovering around it but the system out there that allows for the flow of money and the transfer of assets and wealth can in a way affect the supply and demand of Bitcoin which in turn affects the consistency of Bitcoin to make it look like there's an imbalance even when we know  Bitcoin is independent of all of that due tot it's decentralized nature.

A readjustment to economic realities of the times is most what's playing out now that sounds and looks like there's a collapse but actually it will be a sieving of the firm amd long term holders from the short-term before the seeming restoration of stability which ofcourse is a cycle.

[fikrett]

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 how the market works. Exchanges, whether big or small, still will buy Bitcoin from different institutions regardless of the price. They then sell it to their users at a higher rate to secure profit. That's essentially how the business operates, and that's a continuous cycle.

We also cannot forget about the fees they get regardless of the outcome

[348Judah]

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?

Do you know why bitcoin cannot collapse, because after the 21 million bitcoin had been mined, the available coins will be sold base on its demands and by then, you can imagine what could have been the price of bitcoin, because there will be increasing demands and this will prompt for an increase in price and then we go from there, those holding will have more reasons to sell and those buying will be holding to wait longer for when it will be sold at a profitable rate.

[finaleshot2016]

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?

It's impossible, a good market does have buyers and sellers. Imagine a market that majority of us only buy, of course it's already the peak and some of them will definitely cash out money because that's how trading works. The whole process of the market consists of this kind of cycle, those who're trying to accumulate BTC due to trend and will want to buy outside market price and that's the time they will sell it and the BTC will increase.

If there’s no sellers, then there’s no market movement because nobody can take the opposite side of the trade. The price will definitely gonna be stable and trading will become non-sense if that happens. Even in our normal lives, we have this kind of cycle in human nature, so it won't really happen.

[DiMarxist]

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?

I don't think that will be possible because there are people there to sell at all time. And the only thing that will change is the price which will be very high and sellers in that time will make good money from their small unit of bitcoin they have.
Bitcoin now is not in one person or individual hand but it is circulated to many hands. So it is not possible to stop circulating.

[Stalker22]

As the saying goes - everything has a price.  And until there is Bitcoin in free float, there will always be someone willing to sell.  The only question is: at what price?

This is the basic principle of supply and demand. The 21 million coin limit does not mean there will be a day when Bitcoin is no longer available.  There will just be a supply that is known and fixed. The supply of coins will not go up.

When the demand for Bitcoin goes up, and the number of people willing to sell at the current market price goes down, then the market price has to go up in order to entice someone to sell.  The price will keep rising until there is some point high enough to convince someone to sell they hold their Bitcoin.

The only possible scenario I can imagine that could lead to no more Bitcoin being available to buz would be if all coins ended up lost or unavailable.

The 21 million is the hard cap, and it is the maximum in theory, but realistically there will be significantly less than that, and that number is a shrinking number.  Millions of Bitcoin have already been lost forever. Those coins were lost because early adopters made careless mistakes, private keys were lost or destroyed, or owners made irreversible mistakes sending their coins.  If an owner dies without any strategy for what will happen to their Bitcoin, those coins are gone too.  When a coin is unspendable, it has been effectively removed from the system forever.  Not only does it take that coin out of circulation, but it also makes the remaining circulating supply that much scarcer to own.  As Satoshi once said, "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."

So, the only way in which Bitcoin becomes "unavailable" is through this slow and irreversible process of coins disappearing into the digital ether.

[MinoRaiola]

There will always be someone there sell their bitcoins. Everyone has one price, and the question is simply how high that price will be. So if the supply of bitcoin decreases and demand increases, it is natural that the price will also rise. By 2140, we should be able to sit down with a cup of tea and enjoy watching the order book of an exchange and see how many coins are being purchased. I think that demand dont fall in the coming years, but no one can predict the future.

[lionheart78]

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.

Yes I highly agree that every market needs liquidity, people will eventually sell but those who have high hopes in Bitcoin will repurchase, and this will become a cycle.  Thus the loop of buying and selling in the market will not be broken, other will sell ang get out of the market, while new comers will buy and enters the market and those who are profiteers will more like to sell and repurchase and rinse and repeat to continuously profit. 

The only Bitcoins that are holds forever are the addresses that is not accessible by humans; in short, Bitcoins that are held in lost addresses

[Alphakilo]

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?

Who has the most bitcoin will call the shots. That is the whales and what-have-yous.

There will be a bitcoin cult for these guys and they would control the bitcoin economy. They will say what goes where and when.

Their leader would most likely be the person who has the most bitcoin.

Maybe there would be a donation system for it to be used to sustain the economy and they get some profit in return. Instead of discussing, some one should just make a movie about it. It helps to see our imagination come alive.

[GeorgeJohn]

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?

Bitcoin can't be collapsed even though they was no miners that is currently mining bitcoin, the reasons been that bitcoin revolve or recycled at the holders custody, because bitcoin doesn't have a consumption the way I see bitcoin from the beginning, only thing that we use bitcoin to do is to hold bitcoin for long-term, the amount of Bitcoin mined from the time bitcoin was introduced is still evokes, only thing that I know that can affects bitcoin is the population size of people who demands for it,

But in actual circumstances I believe that bitcoin can never be that scarce if miners refused to mine bitcoin, and if they stop mining holders will release the amounts of bitcoin they're holding for period of time, and if they release their bitcoin they will be a circulation in bit coin

[Odogwu-Blockchain]

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 depends on the principle of demand and supply to function effectively where buyers are sellers are the driven force behind Bitcoin price movement, the both cannot do without the other and so if there is many Bitcoin available to buy meaning there are many sellers in the market, then the price of Bitcoin will depreciate because it's everywhere while losing value.

If there are many buyers available, the reverse will be the case, that is appreciation in price and increase in values.