john_egbert
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This session was never meant to bear fruit.
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November 29, 2024, 07:39:11 AM |
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I think people will still trade bitcoins long after all are mined, I mean everyone wouldn't just hold all of their Bitcoin, so there will still be much transaction going on, much like how gold isn't mined as much today but still has value due to fixed supply and dynamics of demand. But just because supply is fixed doesn't mean prices will only go up, demand for Bitcoin will be the key factor I think, also governments regulation across the globe will also has some influence toward Bitcoin price even after all Bitcoin is mined.
Bitcoin, but by the time it is almost or entirely mined, will be adopted through in through, in my opinion, even now, institutions and such have a big interest in it and are using it for their own good: so the reality would be a bit brighter than it seems.
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asriloni
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November 29, 2024, 05:35:11 PM |
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Bitcoin expected to reaches 21 millions supply at 2140, which is more than 100 years from now. It's impossible to accurately forecast what's gonna happen at that time. I can only say bitcoin may be worth millions at that time. Talking about bitcoin, it won't have 21 millions supply, and most probably less than it. There were many bitcoin lost. It's due to the various reasons i.e lost privkey, send to burn addy, etc. The current supply in exchange sites are getting even less. that's because as people are buying bitcoin after they being FOMOed by US bitcoin's strategic reserve plan. All in all, keeping some bitcoin/satoshis, then use it as a legacy to your next gen is worthy plan.
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Hamza2424
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November 29, 2024, 05:58:36 PM |
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Currently, we are not at that point. I'm honestly telling you the current plan is for 10 years if I don't die before the execution of the plan, haha. Anyway, for 10 years and even 20 years, the journey is smooth. I'm more concerned about the currently available liquid supply, as from where I'm watching in the coming few months, it's going to be a big issue as market valuation is gonna sky rocket.
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Jewan420
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November 29, 2024, 06:17:20 PM |
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There is no way to know how many generations it will take for Bitcoin to reach 21 million. When the average lifespan is reached, none of us will be alive or connected to Bitcoin. Maybe we will reap the fruits of our deeds in the afterlife  (just kidding). They will buy Bitcoin in small increments just as we can now. As the price of Bitcoin increases, the amount of Bitcoin purchased will decrease. That is, you can buy as many Bitcoins as you can with $100 in today's market, then you will be able to buy much less Bitcoin with that $100. It may also be that as the price of Bitcoin increases, earnings will also increase. We make a mistake when we compare the future with the present. This is even a cause for concern for our descendants. They will somehow solve this problem.
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kryptqnick
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November 29, 2024, 06:19:10 PM |
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As others pointed out, that's going to happen around 2140. So, to me, it's not something that is of concern. Fintech changes over time, and with a decade we're currently having, who knows what kind of world 22nd century humans are going to live in. I do believe humanity as a species will still be alive. But I'm not sure if it will be a fairly light future of progress and learning from mistakes, or a fairly dark future of survival in small, isolated communities following major crises like world wars and climate catastrophes. So Bitcoin may not even be relevant at that point at all. But in principle, all of BTC being mined is not an issue, as there's plenty of it out there to buy from other people. And the demand will drive the price, not much differently from what's going on nowadays.
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SamReomo
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November 29, 2024, 07:13:31 PM |
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Bitcoin expected to reaches 21 millions supply at 2140, which is more than 100 years from now. It's impossible to accurately forecast what's gonna happen at that time. I can only say bitcoin may be worth millions at that time.
It's also possible that Bitcoin might worth 100's of millions by then. it's 2024 and Bitcoin is already close to $100k in value and by 2140 things will be way different than they're right now, and who knows by then cost of a single Satoshi might be in $100's or even more. One thing is certain that by then all of us who are active on this forum will be dead, but I believe our words will still live and there's chance that some people might read our posts.
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Zaguru12
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November 30, 2024, 11:25:05 PM |
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Good day everyone,I always wanted to make thread on this (21million Bitcoin in existence)but don't know if it was discussed before,however it depends on how everyone might view it in different perspective,to me I understood that the 21Million seems to the total number of Bitcoin going to be in existence from my research,so I wandered how?....For instance if the investor's eventually purchase them all(if possible)and all the bitcoin miners have mined the 21M finish,does that mean bitcoin is going to be scarce ? If yes then how would upcoming investment be able to purchase it because if after the existence of 21M,bitcoin may be difficult to purchase in the future and due to the scarcity of bitcoin from my logic there will be increas in demand and obviously the value of each bitcoin could rise seriously. What's your thought about this and how would the investment decisions will be in future?
Yes bitcoin reaching its total supply will be minted out and it will definitely be scarce, in fact one of the most interesting things that satoshi did that made bitcoin such a great store of value is the limited supply. Should there be excessive supply of bitcoin then the value will be reduced and it won’t be much different with the paper Mooney which is printed Almost every day. So should the bitcoin mined ends the new introduction of new bitcoin and it creates scarcity but that doesn’t mean they wouldn’t sale of it, yes many will like to hodl but it’s an assets that must be used to cater for needs so there will always be bitcoin available in the market
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nakamura12
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November 30, 2024, 11:56:54 PM |
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Bitcoin will become scarce if there will be a lot of people who demand bitcoin. It all comes back to supply and demand. If the supply (from existing bitcoin) is good then anyone can buy as long as they have money to buy. Since all bitcoin is mined then it all depends on the supply from the mined bitcoin. When that happens then the value of bitcoin will be different because there will be no more bitcoins to mine. Not that it matters since you won't be there when it happens and I think this has been discussed already.
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adzino
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December 05, 2024, 05:54:24 AM |
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Your Thoughts on Future Investment After 21million Bitcoin Finish
Good day everyone,I always wanted to make thread on this (21million Bitcoin in existence)but don't know if it was discussed before,however it depends on how everyone might view it in different perspective,to me I understood that the 21Million seems to the total number of Bitcoin going to be in existence from my research,so I wandered how?....For instance if the investor's eventually purchase them all(if possible)and all the bitcoin miners have mined the 21M finish,does that mean bitcoin is going to be scarce ? If yes then how would upcoming investment be able to purchase it because if after the existence of 21M,bitcoin may be difficult to purchase in the future and due to the scarcity of bitcoin from my logic there will be increas in demand and obviously the value of each bitcoin could rise seriously. What's your thought about this and how would the investment decisions will be in future?
Thank you'll for your helpful contributions
Bitcoin is already scarce as it is. Once 21 million bitcoins are mined, no new bitcoins will be created, hence there will be fixed supply with infinite demand (the population keeps on increasing every year). In fact, the supply will keep on reducing due to lost bitcoins that can never be recovered. And no, it wont be difficult to buy bitcoin once all of the coins has been mined. There will be people willing to sell their coins at higher price. And then there are also altcoins that people might move to, in order to make profit.
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SquirrelJulietGarden
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December 05, 2024, 07:41:13 AM |
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Bitcoin is already scarce as it is. Once 21 million bitcoins are mined, no new bitcoins will be created, hence there will be fixed supply with infinite demand (the population keeps on increasing every year). In fact, the supply will keep on reducing due to lost bitcoins that can never be recovered. And no, it wont be difficult to buy bitcoin once all of the coins has been mined. There will be people willing to sell their coins at higher price. And then there are also altcoins that people might move to, in order to make profit.
The total supply is 20999999.9769 bitcoins, not 21M bitcoins. It's not big difference but the exact number is that, Bitcoin Wiki is used as a reference. This question "What will happen with Bitcoin blockchain after about 21M bitcoins mined?" is basic interest of many people. It's good that they start with this question, because it shows that they pay enough attempt to learn about Bitcoin, and if they spend money to buy bitcoin, they actually have some good belief after having knowledge about Bitcoin. It's different than gamble. Equivalent Network Time is a topic with insights about how more time will be required to mine the same 1 bitcoin, with different Bitcoin halvings and Bitcoin epoch.
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hero_the_bossman
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December 05, 2024, 07:51:13 AM |
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Bitcoin will become scarce if there will be a lot of people who demand bitcoin. It all comes back to supply and demand. If the supply (from existing bitcoin) is good then anyone can buy as long as they have money to buy. Since all bitcoin is mined then it all depends on the supply from the mined bitcoin. When that happens then the value of bitcoin will be different because there will be no more bitcoins to mine. Not that it matters since you won't be there when it happens and I think this has been discussed already.
We won't live through that time - but yeah. Better yet to buy it now and see it bloom 
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FortuneFollower
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December 05, 2024, 07:53:54 AM |
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Your Thoughts on Future Investment After 21million Bitcoin Finish
Good day everyone,I always wanted to make thread on this (21million Bitcoin in existence)but don't know if it was discussed before,however it depends on how everyone might view it in different perspective,to me I understood that the 21Million seems to the total number of Bitcoin going to be in existence from my research,so I wandered how?....For instance if the investor's eventually purchase them all(if possible)and all the bitcoin miners have mined the 21M finish,does that mean bitcoin is going to be scarce ? If yes then how would upcoming investment be able to purchase it because if after the existence of 21M,bitcoin may be difficult to purchase in the future and due to the scarcity of bitcoin from my logic there will be increas in demand and obviously the value of each bitcoin could rise seriously. What's your thought about this and how would the investment decisions will be in future?
Thank you'll for your helpful contributions
Bitcoin is already scarce as it is. Once 21 million bitcoins are mined, no new bitcoins will be created, hence there will be fixed supply with infinite demand (the population keeps on increasing every year). In fact, the supply will keep on reducing due to lost bitcoins that can never be recovered. And no, it wont be difficult to buy bitcoin once all of the coins has been mined. There will be people willing to sell their coins at higher price. And then there are also altcoins that people might move to, in order to make profit. As franky1 said - if not for BTC due to how high the demand would be, people would accumulate sats instead. So, it is better to do it now than to mourn the possibilities of tomorrow.
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