Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Master107 on April 26, 2021, 03:56:11 AM
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I'm just thinking about the possibility of what if all Bitcoins are mined?
We know Bitcoin supply is just 21,000,000
(https://i.imgur.com/VNhbg6e.jpg)
We know everything change and the continues mining could end up to zero to mine Btc.
What do you think will happen if all Bitcoin are mined?
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~ What do you think will happen if all Bitcoin are mined?
I find it unproductive to speculate on what price BTC would be by the year 2140 or what rate of market adoption would be. We don't even know what kind of devices/mining rigs would be released or the development/protocol changes in the future.
I just want to stick to the facts that there will be no block rewards for miners and they will earn from transaction fees.
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Till now, 18.69M Bitcoin in circulation supply which is mixed with mined (fresh Bitcoin) to the circulating supply. We have another 2.31M Bitcoin to be mined. In your words, if maximum limit 21M reached after mined what will be for miners? Simple answer is that Miners will also work and receive reward from transaction fees but they won't receive mining rewards (fresh bitcoin).
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The price will increase immensely but Bitcoin trade will continue. That's about it, I think.
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I'm just thinking about the possibility of what if all Bitcoins are mined?
We know Bitcoin supply is just 21,000,000
(https://i.imgur.com/VNhbg6e.jpg)
We know everything change and the continues mining could end up to zero to mine Btc.
What do you think will happen if all Bitcoin are mined?
Well, there are 2 ways: bitcoin will really become the currency of the future, and because of the impossibility of mining it, and its organic nature, it will become the new gold, so to speak. But it seems to me that the second option will happen: they will just make Bitcoin # 2.
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We are still a very long way from that moment but it is very possible that there will be an invention in the future that will halt the need of a currency putting an end to all stock market like trading activities
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What do you think will happen if all Bitcoin are mined?
One thing is certain, we will all die by then.
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One thing is certain, we will all die by then.
Exactly why I said it's unproductive. Why worry on something that will outlive you? Focus on accumulating and just let your kids take care of that thing if you intend to pass on your bitcoins to them.
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In my opinion if all bitcoin are mined, maybe the price will become to zero, no trades of bitcoin anymore.. Well this will happen in hundred years so bitcoin is still running even we are old.. :)
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~ We know everything change and the continues mining could end up to zero to mine Btc.
What do you think will happen if all Bitcoin are mined?
One thing is certain once they are all mined, no new Bitcoin will come into circulation.
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What do you think will happen if all Bitcoin are mined?
One thing is certain, we will all die by then.
Haha... 101% sure...
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One thing is certain, we will all die by then.
Exactly why I said it's unproductive. Why worry on something that will outlive you? Focus on accumulating and just let your kids take care of that thing if you intend to pass on your bitcoins to them.
I'm not worrying. ;D
The question is just for the sake of discussion. And I know the possibility that it could happen one day which is not far from reality. Maybe this also serve as awareness that everything change (temporary).
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I suppose it is foolish to expect the time when all bitcoins will be mined and it is equally foolish to expect the time when Bitcoin can reach $ 1 million in value. it may happen in 10 or 15 years, but with a certain amount of bitcoin today, we can benefit much more from the current capital than in 15 years, when we are already old. Of course, this does not apply to enough young people, but only those like me, who have already exchanged their fifties.
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We can't say anything that will happen in future bitcoin can get mass adoption or it is also happen that countries will ban crypto.
But if bitcoin can survive to the day when all bitcoin will mined than the price will go like crazy. It can also happen that 1 satoshi will be sold for one dollar one day.
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I know very well that mining won't stop unless no more Bitcoin. Yeah, it sounds stupid to think what if all Bitcoins are mined which I know impossible to happen at the present. Hahaha
I think I need to lock this thread. Will do another much better one. 😁
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2140 is a more than 119 years from now. We won't live till then, all we die. There may new technology comes, or Bitcoin can be replaced by other new sophisticated coins. So, only we can think few years ahead. More than 100 years thinking will collapse our thought. BTW, good discussion has now come to an end. :)
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2140 is a more than 119 years from now. We won't live till then, all we die. There may new technology comes, or Bitcoin can be replaced by other new sophisticated coins. So, only we can think few years ahead. More than 100 years thinking will collapse our thought. BTW, good discussion has now come to an end. :)
As what they've said, on that year we're gone not unless someone may live beyond 120+ and will see the actual scenarios of Bitcoin and Cryptos as well.
Okay, will open the thread again. :D
Sorry for locking this thread for awhile. Now open again...
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If time will come that all bitcoin will be mined that means the end of miners ;D. I'm looking forward to it and consider as my greatest revenge to the miners due to the high gas in transactions ;D. Yet I believe this has no effect with bitcoin.
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I only can guess that the Bitcoin price probably getting more expensive because no ways to get the Bitcoin except buying it on the market. For other possibilities, I am not sure to predict today since it is difficult to guess. We just need to wait for what to happen then, so let's see and patient. There is no much we can do for now.
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Bitcoin will run out in time and Bitcoin will also continue to spin with a supply of only 21,000,000 BTC.
I will not understand that someday Bitcoin will continue to rise in price because Bitcoin is very expensive right now.
We are Bitcoin lovers and we also Bitcoin holders will continue to be fans to the extent that maybe I will no longer be in this world because I died.
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another 2.31M Bitcoin to be mined. In your words, if maximum limit 21M reached after mined what will be for miners. Bitcoin of the future, and because of the impossibility of mining it, and its organic nature, it will become the new gold, so to speak. But it seems to me that the second option will happen