Mining hitting the 20 million mark- why does it matter for my stash?

[Goodwater87]

I just read a pretty big milestone that got me thinking about some things. It looks like the 20 millionth Bitcoin has officially been mined, the number might not mean much, but its actually a huge deal for long term value of what's in your wallet.

The supply is fixed, and it feels like we are getting very close to the end of the line. Unlike cash in your bank, nobody can just print more Bitcoin because they feel like it. Basically, as more people around the world realize there might be a limited supply, the idea of scarcity becomes reality each passing day. Holding your coins now means you own a piece of a pie that might never get any bigger, making it harder to get a slice of the pie.

What do you guys think? Does hitting this 20 million mark make you want to stack harder, or do you agree with the idea that the market is already priced in the fact that we might be running low on new supply?

[PrivacyG]

The supply is fixed, and it feels like we are getting very close to the end of the line.

Stop having this feeling or you will be very disappointed when you find out that while you may have been alive for the first 20 million Bitcoin to be Mined, you will not be alive by the time a total Mined Supply of 21 million Bitcoin will be reached.

What do you guys think? Does hitting this 20 million mark make you want to stack harder, or do you agree with the idea that the market is already priced in the fact that we might be running low on new supply?

I believe things will change every Cycle and it has only priced in for the current Cycle we are in.  In eight years, Block Rewards will be four times less.  It will definitely impact the Price.  It does not necessarily make me want to 'stack harder', I already knew this was coming.

[EluguHcman]

The supply is fixed, and it feels like we are getting very close to the end of the line. Unlike cash in your bank, nobody can just print more Bitcoin because they feel like it. Basically, as more people around the world realize there might be a limited supply, the idea of scarcity becomes reality each passing day. Holding your coins now means you own a piece of a pie that might never get any bigger, making it harder to get a slice of the pie.

It is uncertain of when the total supplies of the Bitcoin will be mined but Speculations still look out 2140 which is not going to come within the closest time.
It is obvious that your information is alleged false because there is no point to prove this claim about the total supplies being mined by now.
I will assume you are still in the beginners stage. Don't forget to include the source link of your information next time you bring updates like this for verification.

I don't also know if you think Bitcoin can not break new ATHs any longer? What made you think anyone buying or investing in Bitcoin now wont make profits?
If you don't know, Bitcoin is a long term potential store of value.

[JiiBs]

The supply is fixed, and it feels like we are getting very close to the end of the line.

Stop having this feeling or you will be very disappointed when you find out that while you may have been alive for the first 20 million Bitcoin to be Mined, you will not be alive by the time a total Mined Supply of 21 million Bitcoin will be reached.

20million out of 21million in supply, that certainly would create an impression for newbie Bitcoin investors but, what’s there to understand is, the last Bitcoin isn’t getting mined till 2140 and that’s a long time. That mines mining activity would be sure to continue for a good number of years for which, most of us wouldn’t be alive to witness but, one thing time has shown us as the rewards reduce through the halving is that, Bitcoin keeps becoming the more scares and that’s all that matters than how many is locked away for mining.

[AakZaki]

The supply is fixed, and it feels like we are getting very close to the end of the line.

Do you think the supply of 1 million Bitcoin will arrive soon? I don't think it's that simple, man, have you forgotten that the circulation of Bitcoin will decrease every quadrennial halving?

If you look at the 20 million that have been mined and another 1 million that are still unmined, it seems that it is indeed small compared to the 20 million. But you need to realize that that 1 million will run out roughly 114 years from now, that's a very long time and I'm not sure all of us here can see the end of it.

What do you guys think? Does hitting this 20 million mark make you want to stack harder, or do you agree with the idea that the market is already priced in the fact that we might be running low on new supply?

Every year there is a pattern, so as a Trader I don't really think about hoarding it. What is the point of hoarding if in the end the estimated assets are reduced, unless you hoard them for a very long time.
So far I'm still enjoying every small gain, taking advantage of the ups and downs of that Bitcoin price.

[MusaMohamed]

I just read a pretty big milestone that got me thinking about some things. It looks like the 20 millionth Bitcoin has officially been mined, the number might not mean much, but its actually a huge deal for long term value of what's in your wallet.

The value of a cryptocurrency does not only come from its total supply and circulating supply. If its value is decided by these things, it would give very high values and prices to many altcoins as Bitcoin forks. The fact is altcoins as Bitcoin forks failed, died or have very low values and prices as well as small trading volumes.

How Many Bitcoin Forks Are There? You will be surprised!!!

Bitcoin value comes from its protocol, decentralization, no censorship, strong secure blockchai and no reversible transactions. These things are important to make Bitcoin value together with its limited total supply.

[goldkingcoiner]

I just read a pretty big milestone that got me thinking about some things. It looks like the 20 millionth Bitcoin has officially been mined, the number might not mean much, but its actually a huge deal for long term value of what's in your wallet.

The supply is fixed, and it feels like we are getting very close to the end of the line. Unlike cash in your bank, nobody can just print more Bitcoin because they feel like it. Basically, as more people around the world realize there might be a limited supply, the idea of scarcity becomes reality each passing day. Holding your coins now means you own a piece of a pie that might never get any bigger, making it harder to get a slice of the pie.

What do you guys think? Does hitting this 20 million mark make you want to stack harder, or do you agree with the idea that the market is already priced in the fact that we might be running low on new supply?

We are nowhere near the actual cap of Bitcoin. And that will not happen for a very long time. But yes, with every halving the rewards for mining shrink and therefore scarcity does occur, which can and does lead to a higher value for Bitcoin. And the demand is rising too. Once Bitcoin is globally recognized and adopted, we will see a huge number as the price. And that is in the near-future.

All a matter of time.

[bitbollo]

These milestones are planned, well known in advance, and part of protocol itself.
What basically matter? many things... but nothing new has changed after hitting the milestone. We know very well, distribution would be from now on downsized more and more up to reach on 214X (circa) a negligible or 0 amount on coinbase produced.
Unforunately, I could be there to check if this will be true, anyway we know already what are the plans.
I would see just as a reminder of upcoming digital scarcity.

[hd49728]

We are nowhere near the actual cap of Bitcoin. And that will not happen for a very long time. But yes, with every halving the rewards for mining shrink and therefore scarcity does occur, which can and does lead to a higher value for Bitcoin. And the demand is rising too. Once Bitcoin is globally recognized and adopted, we will see a huge number as the price. And that is in the near-future.

The chart shows that in 2026, after the Bitcoin block subsidy halving in 2024, the curve has been already in a very flat area till the cap in 2140 year.

All a matter of time.

It's always truly a matter of time since 2009, since the Bitcoin Genesis Block appearance and in the future.

How is the 21M bitcoin cap defined and enforced?
It's an article about Bitcoin total supply but there are more available resources for people to learn about this, like in the forum with this sticky thread. It's a matter of time when people absorb this important information and insights about Bitcoin and when they turn from outsiders to insiders or even Bitcoin maximalists.
[CHART] Bitcoin Inflation vs. Time.
Or Bitcoin Wiki.
Controlled supply.
Equivalent Network Time.