Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Karl_BC on May 31, 2021, 02:25:03 PM
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Hello, Bitcoin fans!
Despite its rise and fall in value over the last few years, Bitcoin is still one of the most in-demand cryptocurrencies in the market. With the increasing number of people diving into Bitcoin, more and more BTCs are being mined every single day, which poses the question: Will Bitcoin ever run out? If you’re interested in more about what’s in store for the future of Bitcoin, then read on.
What is Bitcoin mining and how long will it take?
Currently, there are roughly 18,000,000 BTC tokens in existence. When the limit is reached, there will be no more tokens created. According to Decrypt.com, the last Bitcoin will be mined in 2140.
Often referred to as the ‘digital gold’, Bitcoin is obtained through a process called ‘mining’ where ‘miners’ can produce Bitcoin tokens by solving a complex mathematical problem in the blockchain. Bitcoin has a hard cap of 21 million. Meaning, there is a finite number of Bitcoin tokens that can be mined.
What happens when the last Bitcoin is mined?
A Bitcoin token is produced every 10 minutes when a miner adds a new block to the chain. Each time a miner successfully processes a transaction, they are rewarded in BTC.
Once the last Bitcoin transaction is made, all the miners in the chain will still be a part of the network, but they will no longer receive BTCs as incentives for maintaining the blockchain.
As the price of Bitcoin continues to rise, it encourages a lot of people to become miners. Through the use of high-end devices, miners are able to participate and add more blocks to the chain. However, if this process goes unchecked, the supply can run out immediately.
18.5 million Bitcoin tokens have already been mined. With roughly 3 million tokens left, it’s easy to imagine that Bitcoin’s mining stage could be coming to an end soon.
To slow down the production of tokens, Bitcoin halving happens when the 210,000 blocks are added to the blockchain. During this event, the miners’ rewards are halved to ensure that the value of Bitcoin becomes scarce, which in turn pushes up its price in the market.
When the first Bitcoin was mined, miners would receive a reward of 50 BTC. It was cut by 50% in 2012, which decreased their incentives by half. Then in 2016, miners received 12.5 BTC, and then it was again cut in half so it became 6.25 BTC in 2020. When the 740,001st block is added to the chain, the reward will be 3.125 BTC. This halving process will continue every four years until all the tokens are mined. In the Bitcoin timeline, BTC tokens won’t run out for the next hundred years.
The importance of Bitcoin’s finite supply and Bitcoin halving
The idea of an unceasing production of Bitcoin is enticing, but just like everything else in the economy, it must follow the law of supply and demand. If new Bitcoins are steadily added to the blockchain, it would result in overproduction. When this happens, the value of Bitcoin will decrease.
Contrary to the traditional banking system, minted Bitcoin tokens cannot be reprinted by the government. Because of its hard capped supply, the 21 million will stay fixed and keep its circulation in the market in check.
Is it time to mine or buy Bitcoin?
There’s no better time than now to join the crypto fray. As cryptocurrency gains traction by the day, people can see the undeniable rewards of investing and mining. If you’re a tech-savvy person, mining is an option.
On the other hand, if you’re keener to trade or just simply keep your tokens, then buying Bitcoins is better for you. Just look for a Bitcoin Exchange that features trading, buying and selling, as well as a reliable crypto wallet.
Bitcoin’s supply will not run out in the next hundred years or so and it still has time to change the financial sector as we know it. With its significant growth in the past few months, Bitcoin is on its way to ushering in the revolutionary promise of blockchain technology and decentralisation.
Which is better for you, to mine Bitcoin or buy Bitcoin?
Thanks for reading and waiting for your thoughts.
Cheers,
Karl from Bitcasino
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First thing is that It will be but not very soon and the second thing is that cryptocurrency can not be trusted and will be invested by your own risk/greed because crypto coins can vanish anytime.
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100 years from now? maybe I can see the bank accepts Bitcoin as an investment asset and payments, I choose to buy Bitcoin but not everyone has expertise in mining and I think every miner will sell their Bitcoin when they need money for operational costs and other things, they prefer to hold Bitcoin for a long time because they know mining Bitcoin will generate a small reward since the Bitcoin Halving
100 years is too long mate.
I think at the next 10 years, banks will accept bitcoin and altcoins.
Every countries will have own digital currency.
Because we all know digital currency is better as payment method.
So, I believe bitcoin and altcoin will have bright future.
Let's see.
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The price of Bitcoin has never risen in the way it did in the cryptocurrency. Because after the price of all the coins increases, of course, the price of the coins will be much lower. More prices are likely to rise in the future.
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I dont think the world will use btc as a asset. They are very unlikely to use btc for transaction. Io am seeing it is m,ore likely that they will use Blockchain to make their own version of their currency. Blockchain is surely the future of our world and the next revolutionary technology but i am not sure about btc.
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Yes, based on the data, Bitcoin will be mined until finished. However, we don't know the future where there will be still miners or not.
For me personally, I prefer to buy and trade BTC than mining them. Mining is now not enough profitable if compared with the costs for mining itself.
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I think Bitcoin will not run out simply because not all Bitcoin enthusiast will keep or hold Bitcoin forever as everyone are holding Bitcoin to earn big therefore to buy and to sell will be the normal nature of it especially if it will going to replace the fiat currency.
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Bitcoin is the first cryptocurrency. And the cryptocurrency market relies heavily on Bitcoin. Bitcoin is currently the most popular cryptocurrency in the coin market cap. Many people say that Bitcoin will disappear from the market at some point. I think it is not possible because Bitcoin will remain in the market in one way or another. Bitcoin will go further in the near future.
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Due to large organizations buying bitcoins, the price has reached its highest point ever... As a result, there will be 21 million bitcoins mined before the miners stop working
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Many are dreaming that soon Bitcoin can be recognized as a legal tender...and in many cases can replace the US Dollar as the most dominant medium of exchange in international commerce. We know that USD is very popular all over the world, yet it does not mean that all people have it. As example, I don't have any US Dollar in my hands and in any of my bank accounts. And I think it would be same with Bitcoin - no matter how popular it would be not all people will have it, and it is because no country will ever delete its own national currency as it is the symbol of its own sovereignty not even those countries that will recognize Bitcoin as legal currency like El Salvador - in these countries their own fiat money and Bitcoin can co-exist peacefully just as we have so many forex operating in the international market. Due to Bitcoin's limited supply, its scarcity can affect its price but we have to also consider the sentiment of the market because no matter finite in supply an asset is, but the market is not conducive for it then its demand can go down. One thing for sure is that when we are talking a global market, it would not be easy to predict or model its dynamics today and into the future.
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Bitcoin has already occupied the largest portion of the crypto market. It has largely grown up from its starting journey. I think there has no possibility to run out Bitcoin. Rather it grows up highly. Many countries of the world have permitted for investment in Bitcoin. Investment on it is increasing continuously. It is expected that different banks of the world will accept bitcoin for investment very soon. Its price is now some what down. So it is time to buy and hold. The price will come back soon.
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Bitcoin has been around since the beginning of the cryptocurrency market.Now the popularity of this bitcoin has increased a lot due to which it is seen that many rich people of the world are investing in this coin.Moreover, many countries have declared Bitcoin to be legal tender.However, the price of Bitcoin is the same as it is now, the price of Bitcoin will increase further in the future.
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Bitcoin has already occupied the largest portion of the crypto market. It has largely grown up from its starting journey. I think there has no possibility to run out Bitcoin. Rather it grows up highly. Many countries of the world have permitted for investment in Bitcoin. Investment on it is increasing continuously. It is expected that different banks of the world will accept bitcoin for investment very soon. Its price is now some what down. So it is time to buy and hold. The price will come back soon.
I agree with you, I think It's the right time to buy, because the bitcoin price is lower now.
If you have free money, buy more now. Because I think market will take along time to recover again.
Maybe at the Q4 we will see bitcoin touch new ATH.
So, keep calm and hold your coin.
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Crypto currency market is growing day by day and its innovation starts from bitcoin credibility that means innovation about bitcoin crypto market go to the moon. So we can easily tell that the crypto currency market will never run out because this market gradually develop different types of currency in the market. So i think bitcoin will never run out from the market.
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Which is better for you, to mine Bitcoin or buy Bitcoin?
I don't have enough equipment to mine bitcoins, but with the little money I have I can buy Bitcoins even in small amounts.
I think buying Bitcoins and holding or trading them is the best way to get more Bitcoins. Ee can just mine Bitcoin, if we have sophisticated and modern equipment, because the competition in mining Bitcoin is also high.
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Bitcoin will run out and Bitcoin has a supply limit of 21,000,000 Bitcoins.
The more you trade and the more you mine, the more Bitcoin will run out. This is fact , you can check in Coinmarketcap.
Many speculators are negotiating that Bitcoin will run out someday and the price will be expensive and even up to 100,000 USD for 1 piece of Bitcoin.
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Bitcoin by design has supply limit of 21 million, to mine that last bitcoin will take a few decades from now... however the supply of bitcoin across exchanges available to trade has been decreasing already for a while now, so while it won't "run out" for quite a while, it is already becoming more scarce and this trend of scarcity will continue. And what do we think this is going to do the price of bitcoin in time?
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Well I believe bitcoin will be run out because it has limited supply and we should not worry because they estimated in hundred years so we already dead before bitcoin will run out and also there are many alternative cryptos that we can invest or as a payment.
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Bitcoin will never 'run out'. However there is a limited supply and even after all of that supply is mined, there will always be losses to lost keys / unforeseen deaths / etc. So it will always get more scarce but will not run out.
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Bitcoin is made of certain sizes. Bitcoin is made through bitcoin mining. Bitcoin's supply is slowly returning. Scientists have predicted that Bitcoin will run out by 2030, when bitcoin mining will end. When Bitcoin runs out of supplies, the price of Bitcoin begins to rise sharply. Also for the revolution to be a currency its price will increase further which is like the sky.
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Bitcoin’s fixed supply also makes it unsuitable for times of crisis, Varoufakis argued. Pointing to the coronavirus pandemic as an example, Varoufakis explained that governments around the world need the ability to increase the supply of their currencies to tackle emergencies.
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In principle, everything is correct. It's just somehow unusual to read when bitcoin is called a token. This is a coin and is very different from a token. It is also incorrect to say that the capitalization of bitcoin is 21 million.
We do not know what will happen to the price by 2140, when, presumably, the last bitcoin will be mined. None of us will live to see such an event. Perhaps, by that time, there will be no bitcoins and it will never be finished mining. It is possible that it is being transformed into something more meaningful and user-friendly. Anyway, this is a completely new phenomenon in the financial world and we know that cryptocurrencies are very unpredictable.
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The world of cryptocurrencies and Bitcoin may be nascent but its roots lie in established industries. Bitcoin is the original cryptocurrency and is fast emerging as a store of value. I don't think BTC will be out of the game.
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Buying is more recommended than mining, stay focus with investment method for big fund to ' help ' mining, that's the real plan. It doesn't matter how the plan but must have resources and realistic target. Bitcoin can run everywhere and anytime, as follower we only need to buy and sell before time's up.
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Will Bitcoin ever run out? The answer to this is that bitcoin mining will one day run out. But Bitcoin will never run out. Those of us who know about the cryptocurrency market know very well what Bitcoin is. Yet it is foolish to talk about virtual currency in such a simple way. We all want to see Bitcoin at the top of the market all our lives
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The average number of bitcoins transferred to the exchange by miners in the last month has seen multiple small peaks, more than 60 bitcoins occurring 6 times, July 17 was 98.6171 and this is the maximum since November 3, 2020.
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Bitcoin is a currency. Bitcoin will never run out but one day bitcoin mining will run out when Bitcoin can no longer be created. Bitcoin will never run out of the cryptocurrency market. A currency so popular can never run out overnight.
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I am a brand new user of this forum. I have no idea about the forum. I don't know if Bitcoin will ever run out. I just know that Bitcoin costs a lot.
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I can't answer the question of whether Bitcoin will ever run out. Being a new member of the forum I have no idea about Bitcoin
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Bitcoin will never 'run out'. However there is a limited supply and even after all of that supply is mined, there will always be losses to lost keys / unforeseen deaths / etc. So it will always get more scarce but will not run out.
Anything can happen with bitcoin. I fully admit that in 10-15 years it will cease to be the leader of the cryptocurrency, and will also lose a significant part of its capitalization and price. This will happen very quickly if it cannot generally increase in value constantly, as it is doing now. Bitcoin is already starting to struggle with price growth. The higher its price rises, the more difficult it will be for it to find potential investors for further growth. If its price growth slows down significantly, the demand for it will drop sharply and it will "dry out".
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I think Bitcoin will not run out simply because not all Bitcoin enthusiast will keep or hold Bitcoin forever as everyone are holding Bitcoin to earn big therefore to buy and to sell will be the normal nature of it especially if it will going to replace the fiat currency.
I think if I understand the OP correctly, OP was asking based on Bitcoin mining. If this is the case, yes.
With the number of new bitcoins issued per block decreasing by half approximately every four years, the final bitcoin is not expected to be generated until the year 2140. The number of new bitcoins minted per block was 50 when Bitcoin was first established and has since decreased to 6.25 as of May 2020. (http://investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/)
So, we see that sometime in 2140 which most if not all of us must have been gone by then, bitcoin mining might still be around depending on what it's worth and how people accept it, and whatever new innovation might be around then.
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Bitcoin will never end, but it will take more than a hundred years for its mining to be completed. Bitcoin mining will halve every four years, and this process will continue and the demand for bitcoin will continue to grow.
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At the moment, although the price of Bitcoin is very demanding, I think that by the end of 2022, Bitcoin will surpass about 50 thousand dollars.And what I've also seen is that many investors have announced that the Bitcoin price will exceed 1 million by 2024 so I don't think the cryptocurrency will ever be destroyed.
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Bitcoin will never end, but it will take more than a hundred years for its mining to be completed. Bitcoin mining will halve every four years, and this process will continue and the demand for bitcoin will continue to grow.
You are right friend, even if mining will be completed, there will always be someone who needs each other in trade. So Bitcoin will always move continuously according to the needs that are indeed carried out by investors.
Looks like Bitcoin will always be eternal because it continues to be used as trade, so don't be too concerned with the existence of Bitcoin, will run as it is today and will never change.
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I dont think so Bitcoin run out today bitcoin pump was fake out so don't be happy it will dump again so be care full from market next dump is coming soon so buy dip have good profit.
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I dont think so Bitcoin run out today bitcoin pump was fake out so don't be happy it will dump again so be care full from market next dump is coming soon so buy dip have good profit.
at the current season, I think bitcoin and altcoins are struggling and very volatile now.
We will see the dump.and pump as long this year.
But I believe bitcoin will recover again.
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I think the trend of bitcoin will never end. This is likely due to the fact that even after the price of bitcoin has fallen by more than 50% from its lining in 2021, bitcoin is up more than 250% compared to the previous year. Investors Are Excited By The Possibility Of Getting Rich By Investing In Bitcoin Now Bitcoin Is Impossible To Stop
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I think the trend of bitcoin will never end. This is likely due to the fact that even after the price of bitcoin has fallen by more than 50% from its lining in 2021, bitcoin is up more than 250% compared to the previous year. Investors Are Excited By The Possibility Of Getting Rich By Investing In Bitcoin Now Bitcoin Is Impossible To Stop
Bitcoin is the most sought after coin, so it's definitely a very good trend.
Its popularity has made many people interested in buying it, the decline that occurred in Bitcoin will not affect many people's confidence in this coin.
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Bitcoin will never run out in its lifetime. But every four years, due to the halving, the bitcoin will surely be halved. This sequence will continue for the next 100 years. This can be inferred.
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Bitcoin is a great coin and this coin go high in future this time all the amrket is down so much and most of the newbie will think that this coin will comes down so much in future and it will be finished but this is not true becasue the future of this coin is very good and this will go high so much in future and make a new high history.
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Bitcoin will never run out in its lifetime. But every four years, due to the halving, the bitcoin will surely be halved. This sequence will continue for the next 100 years. This can be inferred.
Talk about the longevity of bitcoin is just speculation for now. Nobody knows what will happen to the cryptocurrency market in another ten years. Especially with bitcoin, which has not been a new useful innovation for a long time. Those who hold bitcoins are hoping for a long, if not permanent, increase in its price. And what will happen to bitcoin if the expectation of its further price growth is not confirmed? It will lose its current value very quickly.
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Bitcoin will never run out in its lifetime. But every four years, due to the halving, the bitcoin will surely be halved. This sequence will continue for the next 100 years. This can be inferred.
Yeah, Bitcoin will always due the halving every four years.
I agree with you bitcoin will never run out.
As today, bitcoin has bearish and will halving at 2024.
after that, we will see big bullish.
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Bitcoin is made of certain sizes. Bitcoin is made through bitcoin mining. Bitcoin's supply is slowly returning. Scientists have predicted that Bitcoin will run out by 2030, when bitcoin mining will end. When Bitcoin runs out of supplies, the price of Bitcoin begins to rise sharply. Also for the revolution to be a currency its price will increase further which is like the sky.
In fact, the last bitcoin should be mined not by 2030, but by 2140. But about 19 million bitcoins out of a possible 21 million have already been mined. Therefore, of course, bitcoins for mining will end, although not very soon. In addition, a large number of bitcoins have already been irretrievably lost. They call the figure of 6 million lost bitcoins and this figure will continue to grow. I don't think that bitcoin will ever rise in price to the level of one million dollars. Firstly, states will not allow this, and secondly, altcoins are developing much faster and will most likely seize the initiative.
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Bitcoin move to day very bad its to much sad may be it will recover soon then it will dump to much hard I think it will touch bottom hard about 13k I think so it will be so care full trade guys.
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Will Bitcoin ever run out?
Someday, yes, but literary we may not meet the time when the Bitcoin will run out to mining. That is why I always think to only focus on what we can do right now and prepare it for the future, for our own lives, or even for our children.
Bitcoin has a limit of the amount which is why this is very worthy. No need to worry even though we are in this bearish market situation. The market will someday rise up again. If related tot he amount of Bitcoin, this will not happen nearby so we don't need to worry about it
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Bitcoin cant run from here its small dip huge pump is coming just hold don't sell in panice huge return is coming am sure this month bitcoin can touch up 29k chart is looking good its bullish if bad news not come in market.
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Bitcoin cant run from here its small dip huge pump is coming just hold don't sell in panice huge return is coming am sure this month bitcoin can touch up 29k chart is looking good its bullish if bad news not come in market.
Bitcoin is still potential and will pump again but not much.
I think we will see almost all of crypto currency struggle at this year.
So, maybe bitcoin will never run out for the next several years again.
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Bitcoin cant run from here its small dip huge pump is coming just hold don't sell in panice huge return is coming am sure this month bitcoin can touch up 29k chart is looking good its bullish if bad news not come in market.
Bitcoin is still potential and will pump again but not much.
I think we will see almost all of crypto currency struggle at this year.
So, maybe bitcoin will never run out for the next several years again.
I agree with you, bitcoin will never run out
But we always see bitcoin is volatile.
So keep calm when bearish, and buy more for hold.
Bitcoin is still potential for long term investment
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Bitcoin is a cryptocurrency that is very difficult to end, if it approaches the limit, its price will grow in very large volumes. And so it was calculated until the end of the year, about enough bitcoin.
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Bitcoin is in such a bad position right now that the market is unlikely to get better. Experts believe that the market will not grow so much during this time but will decrease more than it will increase. I think this market may take a long time to improve. Because the Bitcoin market is currently in a downward spiral.
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Bitcoin is to much in panic mode its getting down day by day so it will dump more I think 15k may soon has well so be careful its to much panic mode go away from future from future trade do spot trading.
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Bitcoin is to much in panic mode its getting down day by day so it will dump more I think 15k may soon has well so be careful its to much panic mode go away from future from future trade do spot trading.
TBH I don't believe bitcoin will down until 15K.
I think 18 K is bottom of bitcoin during bearish season at this year's and until the next year.
At beginning 2024, bitcoin will recover and touch more 40K USD.
Let's see.
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The price may become even less such a situation has been for a long time, we should not pay attention to it, this is the market system. The price of bitcoin will grow and will exceed its limits, which I would also like to say there is no need to follow the market.
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No, I don't think bitcoin will ever end. Because the market of bitcoin is increasing day by day. Bitcoin rules the hearts of the people. Bitcoin is the king of cryptocurrencies.
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Bitcoin is a great coin and this will not ever run out from the market. Crypto is a great coin and this coin price will go high so much in future and i hope this coin will go high more and touches the $200,000 soon because soon the market go high and the big bull is start soon and that time it touches the high.
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I don't think bitcoin is going to expire so quickly. Even today bitcoin is the most popular currency. Although the government of some native talks against bitcoin but this whole method cannot be stopped so quickly. It is necessary that some strict laws have been made for this. Maybe in the coming days they will relax it
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I don't think bitcoin is going to expire so quickly. Even today bitcoin is the most popular currency. Although the government of some native talks against bitcoin but this whole method cannot be stopped so quickly. It is necessary that some strict laws have been made for this. Maybe in the coming days they will relax it
Yeah, I think bitcoin will always exist and believe it.
Bitcoin will more expensive for several years again.
I predict more five years again.
I don't think bitcoin will run out. Let's see.
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No I don't think bitcoin will ever end. Because bitcoin rules the hearts of people. Bitcoin is the king of crypto currency. In the coming times, the bitcoin market will shine like a moon.
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First thing is that It will be but not very soon and the second thing is that cryptocurrency can not be trusted and will be invested by your own risk/greed because crypto coins can vanish anytime.
It's your opinion and I 100 % disagree with you for example when all the Bitcoin mined the market is running out of supply which pushes the Bitcoin s price higher and higher because of limited supply Bitcoin become rare and many countries coming to accept this father of crypto ,
So I can says every coin execpt Bitcoin is survive or not but the Bitcoin easily survive .
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This is not possible that the Bitcoin will not run out and this is the start of the crypto market. Crypto market still not so much famous in the world like the Forex market and still the BTC is not go high because BTC is the top coin and soon the price go high and touches the $1 million easily soon in a short time.
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This is not possible that the Bitcoin will not run out and this is the start of the crypto market. Crypto market still not so much famous in the world like the Forex market and still the BTC is not go high because BTC is the top coin and soon the price go high and touches the $1 million easily soon in a short time.
Yeah, crypto is still popular at the world.
I think bitcoin and altcoins will remain be the best choice for investment.
I have invested at crypto since 2017 and enjoy it
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Bitcoin price is just dumping at the moment but maybe at some point 2024, it will reach a place that will be beyond everyone's reach. It is not possible to say exactly why the price of Bitcoin is currently drumming so much but very soon the price of Bitcoin will go much further.
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Which is better for you, to mine Bitcoin or buy Bitcoin?
I don't have enough equipment to mine bitcoins, but with the little money I have I can buy Bitcoins even in small amounts.
I think buying Bitcoins and holding or trading them is the best way to get more Bitcoins. Ee can just mine Bitcoin, if we have sophisticated and modern equipment, because the competition in mining Bitcoin is also high.
If you don't have more money to buy mining equipment, I think you should do investment and trading.
I personally prefer in investment and also trading
Never did mining
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There are few coins in cryptocurrency like this. that may disappear. But bitcoin is considered the king of cryptocurrencies. If bitcoin disappears, then the entire cryptocurrency will disappear. Bitcoin has no team of its own. Still it is spreading in the world. Yes any coin can be. Equal to bitcoin It is unlikely that bitcoin will disappear from the market
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There are few coins in cryptocurrency like this. that may disappear. But bitcoin is considered the king of cryptocurrencies. If bitcoin disappears, then the entire cryptocurrency will disappear. Bitcoin has no team of its own. Still it is spreading in the world. Yes any coin can be. Equal to bitcoin It is unlikely that bitcoin will disappear from the market
Sorry, I didn't agree. If bitcoin disappear , I think potential altcoins will exist.
No worries about it
Bitcoin is just pioneer, I believe we will see potential altcoins that replace bitcoin at the coming years.
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Bitcoin is the King of crypto currency and the pioneer of crypto.
Maybe several people cannot imagine How crypto without bitcoin as the King.
I think I agree the king will be replaced. Let's see.
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Bitcoin ran out like a runout a few months ago but now it's down again like a fountain. Currently the market condition is very dire, it will take a long time for the market to return to its previous position. If the Bitcoin market increases, the tokens of the entire market will definitely increase.
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Run out? Do you mean it? We know that Bitcoin may not be able to mine again someday. But it will take a long time, we don't need to worry about it now. Bitcoin will be always available to mine for many years, we still have many chances to mine Bitcoin in our wallets. So, just take the advantage of mining Bitcoin as long as it is available.
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The cryptocurrency market relies heavily on Bitcoin. Because bitcoin is considered the king of cryptocurrencies, I think there is no possibility of running out of bitcoin. It will grow up quickly. Many countries in the world have permitted investment in Bitcoin.
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Of course, bitcoin is not infinite and it has time when they will run out, it has already been calculated by analysts when bitcoins will run out. There is only one moment, and if the price of bitcoin rises to the skies, then they will not have time to end by that time.
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The cryptocurrency market relies heavily on Bitcoin. Because bitcoin is considered the king of cryptocurrencies, I think there is no possibility of running out of bitcoin. It will grow up quickly. Many countries in the world have permitted investment in Bitcoin.
Yeah, I see many countries started allow bitcoin and altcoin.
So, I think bitcoin won't ever run out.
Bitcoin is still superior and strong, As many people here said.
Bitcoin will soar at the next several years again.
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although I treat bitcoin very well, but still not everything happens forever, for example, what miners will mine when they get the last bitcoin, although it will not be soon, but it will still be, after that many miners will transfer their power to other coins and what will eventually happen to the network and bitcoin itself is not it is known
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There are few coins in cryptocurrency like this. that may disappear. But bitcoin is considered the king of cryptocurrencies. If bitcoin disappears, then the entire cryptocurrency will disappear. Bitcoin has no team of its own. Still it is spreading in the world. Yes any coin can be. Equal to bitcoin It is unlikely that bitcoin will disappear from the market
If bitcoin for any reason disappears, which is now unlikely, then the cryptocurrency will continue to exist. Nothing prevents it from developing further without bitcoin. I don't think the current hard price impact on all kinds of cryptocurrencies is good for the decentralized market. If this influence of bitcoin on the market disappears, we will forget about the long bearish periods, like this year, because the price of each cryptocurrency will develop on its own. Of course, one cannot deny the further influence of both the cryptocurrency market itself and other markets, as well as the general influence of global financial processes. However, I hope that such an impact will not be overwhelming, as it is now.
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I think it will dry up anyway, NFT projects are already starting to overshadow it, especially in light of the extreme events with the collapse of its price and the impact on its price tag by the whales themselves, many have become disillusioned with it, many have simply gone bankrupt and do not want to go into it anymore, I think the era of bitcoin has already passed, the era of the NFT begins
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in my opinion mining bitcoin is better than buying because if mining produces results, the longer you mine, the more bitcoins you get, buying it is too risky because crypto is fluktuaktif.
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Hello, Bitcoin fans!
Despite its rise and fall in value over the last few years, Bitcoin is still one of the most in-demand cryptocurrencies in the market. With the increasing number of people diving into Bitcoin, more and more BTCs are being mined every single day, which poses the question: Will Bitcoin ever run out? If you’re interested in more about what’s in store for the future of Bitcoin, then read on.
What is Bitcoin mining and how long will it take?
Currently, there are roughly 18,000,000 BTC tokens in existence. When the limit is reached, there will be no more tokens created. According to Decrypt.com, the last Bitcoin will be mined in 2140.
Often referred to as the ‘digital gold’, Bitcoin is obtained through a process called ‘mining’ where ‘miners’ can produce Bitcoin tokens by solving a complex mathematical problem in the blockchain. Bitcoin has a hard cap of 21 million. Meaning, there is a finite number of Bitcoin tokens that can be mined.
What happens when the last Bitcoin is mined?
A Bitcoin token is produced every 10 minutes when a miner adds a new block to the chain. Each time a miner successfully processes a transaction, they are rewarded in BTC.
Once the last Bitcoin transaction is made, all the miners in the chain will still be a part of the network, but they will no longer receive BTCs as incentives for maintaining the blockchain.
As the price of Bitcoin continues to rise, it encourages a lot of people to become miners. Through the use of high-end devices, miners are able to participate and add more blocks to the chain. However, if this process goes unchecked, the supply can run out immediately.
18.5 million Bitcoin tokens have already been mined. With roughly 3 million tokens left, it’s easy to imagine that Bitcoin’s mining stage could be coming to an end soon.
To slow down the production of tokens, Bitcoin halving happens when the 210,000 blocks are added to the blockchain. During this event, the miners’ rewards are halved to ensure that the value of Bitcoin becomes scarce, which in turn pushes up its price in the market.
When the first Bitcoin was mined, miners would receive a reward of 50 BTC. It was cut by 50% in 2012, which decreased their incentives by half. Then in 2016, miners received 12.5 BTC, and then it was again cut in half so it became 6.25 BTC in 2020. When the 740,001st block is added to the chain, the reward will be 3.125 BTC. This halving process will continue every four years until all the tokens are mined. In the Bitcoin timeline, BTC tokens won’t run out for the next hundred years.
The importance of Bitcoin’s finite supply and Bitcoin halving
The idea of an unceasing production of Bitcoin is enticing, but just like everything else in the economy, it must follow the law of supply and demand. If new Bitcoins are steadily added to the blockchain, it would result in overproduction. When this happens, the value of Bitcoin will decrease.
Contrary to the traditional banking system, minted Bitcoin tokens cannot be reprinted by the government. Because of its hard capped supply, the 21 million will stay fixed and keep its circulation in the market in check.
Is it time to mine or buy Bitcoin?
There’s no better time than now to join the crypto fray. As cryptocurrency gains traction by the day, people can see the undeniable rewards of investing and mining. If you’re a tech-savvy person, mining is an option.
On the other hand, if you’re keener to trade or just simply keep your tokens, then buying Bitcoins is better for you. Just look for a Bitcoin Exchange that features trading, buying and selling, as well as a reliable crypto wallet.
Bitcoin’s supply will not run out in the next hundred years or so and it still has time to change the financial sector as we know it. With its significant growth in the past few months, Bitcoin is on its way to ushering in the revolutionary promise of blockchain technology and decentralisation.
Which is better for you, to mine Bitcoin or buy Bitcoin?
Thanks for reading and waiting for your thoughts.
Cheers,
Karl from Bitcasino
When you consider the bitcoin total supply, it is very clear the total supply of bitcoin will be fully mined
in near future, and this could be partially a run out of bitcoin in the short term. Again, bitcoin may be consider to have run out when the supply of bitcoin has been owned by individuals in their wallets. I think bitcoin will extremely be scarce that it will look to be in a run out scenarios in the future. In a nutshell, bitcoin may run out if all bitcoin total supply is fully mined and is being owned by individuals.
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The number of Bitcoins circulating is only 21 million Bitcoins of course this will make Bitcoin more difficult to obtain and has the potential to be expensive and Bitcoin is likely to run out, so before Bitcoin gets more expensive, you should be able to buy it when the price is still cheap.
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The number of Bitcoins circulating is only 21 million Bitcoins of course this will make Bitcoin more difficult to obtain and has the potential to be expensive and Bitcoin is likely to run out, so before Bitcoin gets more expensive, you should be able to buy it when the price is still cheap.
When bitcoin circulation downs, I think it's good time to buy more and hold it.
I agree before bitcoin will be more expensive, we should buy.
I think 2024 we will see bitcoin shines and more expensive than now.
Keep your digital asset until 2025.
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Bitcoin will not run out because Bitcoin has decimal fractions that can be separated up to 10 numbers and it is the smallest Bitcoin value and is commonly called Satoshi.
I am sure that this Bitcoin will continue to shine and Bitcoin will become something very valuable in the future and has a value that is so expensive, it only takes one word, namely "HODL".
Bitcoin is now widely traded, played with, used on various gaming platforms, gambling or trading in various cryptocurrency markets, so don't worry about the value of Bitcoin or the Bitcoin market because Bitcoin is widely known by everyone.
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I think I agree with several opinions above, bitcoin will never run out.
Because bitcoin owned by many people, almost all of crypto enthusiasm.
Bitcoin is so popular and very expensive now.
Although we all see bitcoin seems struggle, but it's just bearish season.
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I am new to the form, but I came to know about the problems that I had in your form.
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Although the price of bitcoin is currently in freefall, it may eventually reach an unattainable level by 2023. Although it is impossible to pinpoint the specific cause of Bitcoin's recent price surge, it is clear that it will rise much more in the near future.
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100 years from now? maybe I can see the bank accepts Bitcoin as an investment asset and payments, I choose to buy Bitcoin but not everyone has expertise in mining and I think every miner will sell their Bitcoin when they need money for operational costs and other things, they prefer to hold Bitcoin for a long time because they know mining Bitcoin will generate a small reward since the Bitcoin Halving
100 years is too long mate.
I think at the next 10 years, banks will accept bitcoin and altcoins.
Every countries will have own digital currency.
Because we all know digital currency is better as payment method.
So, I believe bitcoin and altcoin will have bright future.
Let's see.
I agree, I too believe that 100 years is too far because we already have banks that have been providing some of their customers with some form of cryptocurrency services Crypto Friendly Banks (http://creditdonkey.com/crypto-friendly-banks.html) however, I do not believe that they will totally alow crypto to overtake the country's currency regardless of whether Bitcoin and other Alts will be having a good acceptance in the future.
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Almost all cryptocurrencies have their own service life on the market and each one can run out of time on any day, regardless of its number. For various reasons, its position in the market may change, take a new project that is better than the old one and the whole market will switch to the one with more sales.
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Bitcoin is a good coin and this time the BTC is the very popular coin and this coin will change so many peoples life and now the new crypto users will try to invest in this market and start trading in it and so many forex lover peoples will skip that trading platform and they start trading in it and make good money in this market.
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Bitcoin is a good coin and this time the BTC is the very popular coin and this coin will change so many peoples life and now the new crypto users will try to invest in this market and start trading in it and so many forex lover peoples will skip that trading platform and they start trading in it and make good money in this market.
yes, all until now still and will continue to admit that bitcoin is a good coin and has great potential to be used as an attractive and profitable investment.
it's not only beginners who are eyeing bitcoin but all those who are involved in crypto are very excited if they can get bitcoin. so if many invest in bitcoin because they know that bitcoin will bring them big profits.