Almost 20 Million Bitcoin has been mined

[uchegod-21]

I want to point out that this is not a call for anyone to put himself under any form of pressure, bitcoin still moves in cycles; if it were not so, the price of bitcoin will notice significant increase now, unlike what we are seeing now. Don't panic, just keep accumulating bitcoin consistently the way you can and have a long term mindset so you'll get the best out of your investment.

Exactly. There is no need to be panic or having a pressure to accumulate faster. Just be calm and buy what you can afford at any point. Bitcoin will definitely rise again and once it rises, those who invested it now will be smiling. This bear market will be a long one so you can buy Bitcoin with the strategy of DCA approach which can help you to get some quality amount.

Some actors will capitalise on this and spread FOMO just to cause inexperienced investors to act impulsively. Bitcoin rewards patience and not actions taken out of emotional concerns. For investors, nothing has changed that much. They should focus on DCAing and stick to their strategies instead of reacting emotionally to every price movements in the market. A disciplined approach is what every investor needs now; consistency and a calm state of mind is very important for a volatile asset like bitcoin.

[un_rank]

...
And that could be the best gauge as "almost all BTC" could have been mined that time. That's why big institutions are accumulating because they know the end game. And it's no secret, time is not on our side so just keep on accumulating.

I understand the message you are trying to pass, but it could pass the wrong message to those looking to get into bitcoin. It is not timer which is running out at which time there would no longer be bitcoins to own. After all the bitcoins are mined there will still be available coins to buy if you have the resources to get it for.

Bitcoin will (is designed to) survive for many years after the block rewards are spent.

- Jay -

[aylabadia05]

Don't forget, only 1 million is left to all of us.

On the other hand, whales, institutions, EFT's, countries putting it in their balance sheet are getting their hands on the precious BTC. So it's going to be a race, and everyone is going to fight it out including us retail investors. And moving forward, every block added scarcity pressure.

Because of the remaining amount, anyone can still do it and it's never too late to do what should be done. Even though there are many Bitcoins that are not moving in wallet addresses, they may have been purchased simply to be held as assets. Just look at how institutions and large companies continue to accumulate Bitcoin.

For me, this isn't a race but rather who is willing to do it because each of us already knows why we should have Bitcoin.

[livingfree]

Finally, 20M Bitcoins has been mined.

What's next to it?

We don't know but if you have that plan to hold, you don't have to think of it. Just let it be there and we have to wait for the price increase.

That's it, that's how holding works and with so many population of the world. Imagine that you're one of the most fortunate person in the world holding a few.

[Alphakilo]

Don't forget, only 1 million is left to all of us.

On the other hand, whales, institutions, EFT's, countries putting it in their balance sheet are getting their hands on the precious BTC. So it's going to be a race, and everyone is going to fight it out including us retail investors. And moving forward, every block added scarcity pressure.

Because of the remaining amount, anyone can still do it and it's never too late to do what should be done. Even though there are many Bitcoins that are not moving in wallet addresses, they may have been purchased simply to be held as assets. Just look at how institutions and large companies continue to accumulate Bitcoin.

For me, this isn't a race but rather who is willing to do it because each of us already knows why we should have Bitcoin.

Well, the supply of BTC is running thin and volatility is taking a toll on price right now.
The biggest mistake to make in a time as this, is to lose your BTC either by panic selling or trading high leverage positions that backfires later on.

As the day breaks, owning BTC becomes so much more expensive and it's good to hold some in a hardware wallet somewhere safe, because after the next halving, BTC becomes more expensive than today's price and that's a fact.
Decide on how to make the best of the opportunity now or be among the story tellers of the future that didn't know the importance of the BTC they once had and lost it to frivolous spending or investments that didn't produce a good result.

[aylabadia05]

<snip>

Well, the supply of BTC is running thin and volatility is taking a toll on price right now.
The biggest mistake to make in a time as this, is to lose your BTC either by panic selling or trading high leverage positions that backfires later on.

Just don't just buy it. Buy because you know why, not because others are buying it.
Don't let the fact that the number of Bitcoins in circulation is so small that everyone you know is buying it force you to buy it too.

At the very least, know why you should buy Bitcoin and how to use your money to buy it. You don't have to buy it all at once if you end up dealing with financial burdens.
Anything done without a clear goal will end in uncertainty. Uncertainty will lead to regret. For me, Bitcoin is not an uncertain asset. It's not an asset that leads to regret. I call it an asset because I can't use Bitcoin as a currency.

[Darker45]

Don't forget, only 1 million is left to all of us.

It's not as if what's left to be mined is the only supply left to be shared among everybody who's interested to have some. In the first place, those who aren't into mining don't compete with it. There are always coins and Sats for sale on exchanges and other platforms.

Also, the remaining 1 million coins left to be mined isn't as small as it may seem. That's sufficient to reward miners for the next century. We're all dead by the time it's depleted.

[Judith87403]

The point made as is concern scarcity is very true. Bitcoin has a supply fixed for 21 million, and having most mined already, the rest of the coins will go into circulation gradually through rewards for mining. As organization, ETFs, and even governments acquire BTC, the supply available on the market get quit tightened, thereby causing increase in competition among buyers.

Yet, the narrative of racehas been viewed quietly. Markets operate in cycles, and huge holders do not have control over all liquidity. Retail investors could yet partake slowly by accumulating with discipline instead of panic purchasing.

At the time being, the scarcity of Bitcoin and growing adoption are main factors that supports the idea that it may serve as a long term storage of worth.

[SilverCryptoBullet]

The point made as is concern scarcity is very true. Bitcoin has a supply fixed for 21 million, and having most mined already, the rest of the coins will go into circulation gradually through rewards for mining. As organization, ETFs, and even governments acquire BTC, the supply available on the market get quit tightened, thereby causing increase in competition among buyers.

Bitcoin value comes from many factors technically and operationally. Its value does not only come from its finite total supply as 21 millions as if value is easily achieved by a limited total supply, how do you explain about altcoins with 21M cap like many Bitcoin forks, and altcoins with smaller total supplies than 21M of Bitcoin?

These altcoins have zero or low values and their prices are very low too. They're big and clear examples for you that fixed supply (scarcity) is not the only or main reason why Bitcoin has very high value and price.

[ZAINmalik75]

Don't forget, only 1 million is left to all of us.

On the other hand, whales, institutions, EFT's, countries putting it in their balance sheet are getting their hands on the precious BTC. So it's going to be a race, and everyone is going to fight it out including us retail investors. And moving forward, every block added scarcity pressure.

Clock is ticking guys....

The clock has always been ticking, but can you imagine some people still thinking it is too late to invest now? They think time has already passed; now we should not buy the right time, which was back in the 2010s or earlier. Even some think that 2018 was the right time, and I am also one of those who think that when btc was at $15k, that was the best time and it indeed was the best time to buy Bitcoin.

But are we still late, or is the clock still ticking? Which statement should be followed by new investors? An easy answer is, we are not late, we can buy now like you advised, because buying at $70k or even at $80k cannot be considered late because no doubt if bitcoin could drop to $50k, the loss will be temporary but in the long term, the market is going to recover for sure.

[joniboini]

Retail investors could yet partake slowly by accumulating with discipline instead of panic purchasing.

I don't think retail traders are the smartest bunch. Even if they know that, it's hard to control their emotions perfectly. I guess that's why only a bunch of people win in this game.

That being said, as a retail investor, I never had the goal of saving millions of Bitcoin in a year. The capital to do so is out of my reach. I expect people who share my goal would never be impatient and try to get 1 BTC in 1 month or something. If anything panic selling seems to be more familiar than panic buying.

[philipma1957]

It would not be much of a race. More than 95% of bitcoins have already been mined, the remaining >5% will be mined over a period of about 120 years, it will be trickling in and will have less and less impact on the overall supply. Buy what you can overtime and keep them safe cause you are still very early even if you just found out about bitcoin today.

- Jay -

well thinking it takes 113-120 years to grab the million  coins left while true does ignore:

that from march 10 2026 to sometime in 2032.

we will mine much of that 1,000,000 coins

we are at block 940,140

at block 1,050,000  we go half down to 1.56 coins

at block 1,260,000 we go half down to 0.78 coins

simple math

1,050,000
   940,000
   110,000 x 3.125=. 343,750  coins

then

1,260,000
1,050,000
   210,000 x 1.5625=328,125  coins


so 343,750+328,125=671,875  from right now till say April 2032

which means only 328,125 from April 2032 to some time in 2140


this is the big deal the next 6 years of mining

I will give a caveat and say maybe 2032 to 2036 could get tossed in

which is around 210,000x0.78125=164,062.5 coins

so in 10 years of the million coins left. we will mine

671,875+164,062=835,937 coins leaving

around 164,000 coins from 2036 to 2140

[MArsland]

Don't forget, only 1 million is left to all of us.

On the other hand, whales, institutions, EFT's, countries putting it in their balance sheet are getting their hands on the precious BTC. So it's going to be a race, and everyone is going to fight it out including us retail investors. And moving forward, every block added scarcity pressure.

Clock is ticking guys....

It's true that 20 million have been mined, but of those 20 million, many Bitcoins are buried. Like people in the past who forgot the seeds of recovery, died without the opportunity to leave a legacy, or lost them through carelessness, there are many Bitcoins buried, and the chances of recovery are slim. So let's look at the remaining 1 million. It's certain that large institutions and nations will compete to acquire them.
I often wonder where small holders like us stand and how my descendants will be able to own bitcoin in the future.

[Antotena]

It's true that 20 million have been mined, but of those 20 million, many Bitcoins are buried. Like people in the past who forgot the seeds of recovery, died without the opportunity to leave a legacy, or lost them through carelessness, there are many Bitcoins buried, and the chances of recovery are slim. So let's look at the remaining 1 million. It's certain that large institutions and nations will compete to acquire them.
I often wonder where small holders like us stand and how my descendants will be able to own bitcoin in the future.

So sad that if Quantum Computers becomes a reality that many of us fear, the people that doesn't have private keys will not have access to their money but there is one person on the other side with quantum computer that could get the private keys from the public keys if they have sent some transactions from those address. I think there is alot that we are going to experience from now on but I do hope they don't, I prefer if the owner can't get it another person should not get it either.

With the rest of the Bitcoin left, I don't think it's going to be about institutions that are going to buy, the miners are knows that there is depletion of Bitcoin supply, they will rather hold now than allow those coins be bought cheap and never get access to them again. As for the institutional investors, they can still buy cheap because the price still look cheap, if you want to see the other side of Bitcoin, wait till we have more halving than the ones we have done.

[vanesha]

The final 1 bitcoin is the peak. It may seem small and insignificant, but it's actually worth a lot. I believe even at its current price, Bitcoin hasn't reached its peak yet. If the mined bitcoins run out, we'll see how far the price can climb. This will mark the end of the Bitcoin mining cycle. Bitcoin's price may slow down afterward because all supply has been mined.

[DiMarxist]

Just like play the amount of Bitcoin in circulation is gradually coming to an end, as the Bitcoin supply keeps dropping due to the mining rate world wide. This is the best time accumulate because after the last bit of Bitcoin will be mined there is going to be a surge in the price of Bitcoin due to scarcity of supply that will happen. But I think that there is still a little bit more than one million Bitcoin left to make mine because there are some Bitcoin that has remained domant.

[Myleschetty]

The final 1 bitcoin is the peak. It may seem small and insignificant, but it's actually worth a lot. I believe even at its current price, Bitcoin hasn't reached its peak yet. If the mined bitcoins run out, we'll see how far the price can climb. This will mark the end of the Bitcoin mining cycle. Bitcoin's price may slow down afterward because all supply has been mined.

The completion of mining all 21 million Bitcoins does not signify the conclusion of the Bitcoin mining process, as the BTC network requires miners for its longevity; once the 21 million BTC are mined, miners will depend solely on transaction fees. At that point, there will be significant demand coupled with a limited supply.

[Luzin]

Clock is ticking guys....

Michael Saylor said this because according to their data, 98% of Bitcoin will be gone in less than 10 years. So the period from 2026 to 2034 is the time to accumulate Bitcoin. Yes, according to the law of commerce, this will lead to scarcity. This means that if trust continues to exist, the price will become more expensive and the price will become extremely high. But I think Saylor is also smart; he wants to guide people's opinion. His goal is to make Bitcoin's name and value rise even higher. But all of that is just predictions; everything depends on the trust in the law of commerce regarding Bitcoin. Because I believe that Bitcoin has value today because of trust.