Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: sirty143 on April 06, 2019, 11:29:49 AM
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We do know there are only 21 million Bitcoins that can be mined altogether. Once the miners unlock it definitely there is no more supply unless Bitcoin's protocol is changed to allow for a larger supply. Many say that it's been a while before this happens, but what happens when the global supply of Bitcoin reaches its limit? Will it affect the miners and even us, as well as other cryptocurrencies?
Please share your thoughts! 8)
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That's going to happen in the next 25 years and looking at bitcoin's price, I have a feeling it may have become more than $100k USD by that time. What I foresee is that the people/person behind bitcoin may not increase the supply but rather re-invent the mining process and it's rewards. I don't know how it's going to happen but one thing I am very sure about is that it's not going to die and that it's not going to depreciate neither.
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Bitcoin will survive, aredy past 10 years then the bitcoin was born and its more popular and more used year by year, after all bitcoin was finish to mined somebody will found a solution to keep him alive.
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This will happen in the coming years and I think the price of the Betquin will go up a lot
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We do know there are only 21 million Bitcoins that can be mined altogether. Once the miners unlock it definitely there is no more supply unless Bitcoin's protocol is changed to allow for a larger supply. Many say that it's been a while before this happens, but what happens when the global supply of Bitcoin reaches its limit? Will it affect the miners and even us, as well as other cryptocurrencies?
Please share your thoughts! 8)
As long as at minimum Bitcoin doubles in value every four year, then it theoretically doesn't matter for now. Ie if the block reward is halved when the value is 2x from previous halving, then miners receive the same. Though this is theoretical and somewhat irrelevant for now as obviously the hash rate and difficulty varies much more than the block reward so in reality miners receive rewards base predominantly on these factors, rather then reward amount in my opinion.
Maybe in a century or so when the block reward is much lower (like 0.25 or something) than we may see a much larger drop in hash rate than we've ever seen, which would presumably follow a slow down in growth of hash rate, as well as a increase in price. I don't really see this happening until 1 satoshi equals one dollar though tbh, as well as the fact the hash rate from a century from now could drop 90% and still probably be higher than it is now anyway.
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If the bitcoin quota that can be used in the mine has run out, we will not be able to get it through the mining system. Later bitcoin can only be obtained by buying on exchange. So that it will make the price of bitcoin more expensive because the existing supply no longer exists. And the laws of supply and demand will apply. And we can switch to mining on altcoins that still have a lot of supply to mine.
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I have no doubt that Bitcoin certainly will survive as long as Bitcoin in accordance with its principle: https://en.bitcoin.it/wiki/Principles_of_Bitcoin. I think it is the crucial key that makes Bitcoin can survive or disappear. But if Bitcoin developer changes the "Principles of Bitcoin", then I doubt Bitcoin has a power to survive.
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even though all bitcoin has run out in mine but I still strongly believe that bitcoin will continue to survive and still be alive and the price of bitcoin will increase.
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The limited number of Bitcoin make the prices high and it will be interested for imvestors to buy. I am no doubt to say that it absolutely will survive. The trend of Bitcoin will be better and better in the future. Just look at the current price and the adoption on society.
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Those that will be most affected if bitcoin supply is met are the bitcoin miners because their rewards on mining will only be on transaction fees there will not be a reward for completing a block. This will reduce the number of bitcoin miners as the bitcoin mining will not be lucrative for them. I hope that Bitcoin's protocol is changed to allow for a larger supply if not Bitcoin will become very expensive
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I think that the chance of all Bitcoin over to be mined will happen in some years later probably will be a long time as we think. However, will it really influence? I'm really hopeful that at that time, the bitcoin value will be more popular, more valuable than it is now.
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I think the bitcoin will continue to survive.While humans continue to minimize it.justru it will continue to increase its value in the future.
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Actually, I don't know exactly. However, if the value of the BTC has increased that high, I think that this first cryptocurrency will still have the value and volume in the market. I think also the Bitcoin will be finished to be mined in some long years again. But of course, wait for the progress.
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Changing prices from Bitcoin will continue to have an effect on the market.
Even though Bitcoin runs out in mine, I am sure Bitcoin will continue as usual.
Still remember when Bitcoin was at the price of 19,000 USD and then fell back to the price of 3500 USD and the circulation of Bitcoin was still 17,000,000.
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I think the bitcoin will survive even when the entire bitcoin total supply is mined which is 21 million bitcoins. Bitcoin transaction fees will be used to pay the miners. Don't forget when the entire bitcoins are mined the bitcoin already hit the mainstream. So, the price of one bitcoin is going to be somewhere around a million dollars or more. Transaction fees will do it just fine.
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Bitcoin will survive, aredy past 10 years then the bitcoin was born and its more popular and more used year by year, after all bitcoin was finish to mined somebody will found a solution to keep him alive.
There is no need to worry about Bitcoin fate: it will survive for at least 10-20 years. We do not know what will happen later.
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I don't know how that will happen but one thing that I am very sure of is that it will not die and will not experience depreciation either. I think bitcoin will still be fine.
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if in my opinion if bitcoin has run out to be mined, then the price of bitcoin will be higher and bitcoin will still survive, we know that bitcoin is the king of the altcoin coins.
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I think even though the supply of bitcoin has run out in the mine but it won't make bitcoin end, bitcoin will be more stable with a high value.
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well I don't know what will happen to bitcoin after all bitcoins have been mined, but we have many alternative cryptocurrency like ETH so crypto life will move on.
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I think that the chance of all Bitcoin over to be mined will happen in some years later probably will be a long time as we think. However, will it really influence? I'm really hopeful that at that time, the bitcoin value will be more popular, more valuable than it is now.
Why do you think that all bitcoins will be mined in a few years, if approximately the end of its production will be somewhere in 2140? Hardly anything special can happen if the last bitcoin is obtained. We just do not know what will happen to cryptocurrency and Bitcoin by that time. There are a lot of options for the development of events. However, I do not think that by that time it will have a very high price.
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I think when 21 million bitcoins are mined, its price and the price of altcoins will change. Also, people will begin to use it in everyday life. Bitcoin will become very popular.
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I don't really know what will happen exactly when all Bitcoin has been mined. Probably it will still last with a different value? But, I think it is also still far away to be ended mine. I'm also curious when it will end.
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The existence of bitcoin or the price of bitcoin depends on the adoption. As we all know year by year more and more people are getting aware of this technology and are adopting it.
Also, the other way of looking at this mining are price action correlation is that once all coins are minned the supply is zero but adoption has increased thus there is a demand. The supply demand chain whenever the supply is less and demand is more the price increases. The price increase also attracts investors and traders.
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I don't really know what will happen exactly when all Bitcoin has been mined. Probably it will still last with a different value? But, I think it is also still far away to be ended mine. I'm also curious when it will end.
There is a calculation that the last Bitcoin is estimated to be mined in the year 2140, so if that's right we're 121 years away for the event to occur. And when that time comes, who knows maybe Bitcoin has been adopted worldwide.
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I think that it needs a very long time again to finish the mining of Bitcoin. After it ends, the market ad all token holders that will determine whether Bitcoin will still exist and valuable or not. Personally, I believe that BTC will always exist and grown worthier.
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Bitcoin will survive, aredy past 10 years then the bitcoin was born and its more popular and more used year by year, after all bitcoin was finish to mined somebody will found a solution to keep him alive.
There is no need to worry about Bitcoin fate: it will survive for at least 10-20 years. We do not know what will happen later.
21 million will be mined later, in about 40 years. So that I really do not care much about it. nevertheless, it is supposed that Bitcoin will be very expensive at this time. Some people say - about 1 000 000$ or even more
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I think when 21 million bitcoins are mined, its price and the price of altcoins will change. Also, people will begin to use it in everyday life. Bitcoin will become very popular.
The fact of extraction of all bitcoins will not be significant. The value will be how much it will continue to improve and maintain its competitiveness. It will also matter how many employees, that is, not lost Bitcoins remain by that time. I think that by that time it will already be a museum exhibit and transactions in it will be carried out extremely rarely, mainly in case of expensive transactions.
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Why not, it will survive even if it cannot be mined again. As long as people trade the Bitcoin in the market, I think Bitcoin will survive lasting.
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We do know there are only 21 million Bitcoins that can be mined altogether. Once the miners unlock it definitely there is no more supply unless Bitcoin's protocol is changed to allow for a larger supply. Many say that it's been a while before this happens, but what happens when the global supply of Bitcoin reaches its limit? Will it affect the miners and even us, as well as other cryptocurrencies?
Please share your thoughts! 8)
The amount of Bitcoin supply is only 21 million coins, but will it be used up in the mine ?! because in my opinion the price of Bitcoin will be very expensive then, and the supply of Bitcoin will be decreasing longer because the results of the miners will be very little.
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if I think bitcoin will also survive in the future in the next few years, because now this year the bitcoin struggle has also proven good prices in the past few weeks, so I think bitcoin will also continue to increase
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I'm sure Bitcoin will be even more expensive if 21 million bitcoins have been mined all, and when I join a seminar, I get news for an expert, the estimated price of bitcoin will reach 10 million USD, and when will that happen?
I also don't know, but surely Bitcoin will be expensive and still survive.
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Bitcoin will survive and will continue to exist, just that its price will become too expensive to be purchased. If this total supply of bitcoin be reached, it will take a long time, and even if that time is come, some way, somehow, the backers/minds behind bitcoins development will think of something. New ideas will have to come up for the use of bitcoin, and at that time, bitcoin would become an investment project, where the price could be so strong, that the fluctuations in price will not be much again.
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of course. even though bitcoin continues to be mined and exhausted. however bitcoin will still be circulating, because it is unlikely that bitcoin will continue to be held by one particular person. of course bitcoin will revolve around people who want to adopt at a more expensive price of course.
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I am sure, bitcoin will continue to survive even if it continues in the mine. Bitcoin will never run out in the sense that there will be those who sell and who buy it. Because natural law in trade is always spinning. Be it the seller or the buyer.
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I'm sure Bitcoin will be even more expensive if 21 million bitcoins have been mined all,
I also think the same as you. After all 21 million bitcoins have already been mined, then the Bitcoin will only be got from buying it in the market. This makes a limitation and people possibly prefer to hold than sell it. In this situation, the supply of Bitcoin will be limited, then it triggers for an expensive price.
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if I think bitcoin will also continue to grow and last longer in the future, because I also believe that bitcoin prices will also increase in the future, because now the development of bitcoin prices is also growing this year, seeing the development of market prices is also getting better