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❓ASK What happen when all bitcoins are mined?

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komrad said:
I read somewhere that only 21 million bitcoins will be produce in circulation. So what happen next? Will it like what paper money circulated? How about the price?
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I think it will be pass a long long time till all the Bitcoins are mined...Anyway I think there will be a solution,because the internet is full of smart people who will find out what to do ...
 
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if it still exist at that time I guess miners will just confirm transactions. Or there will be an upgrade or something and the amount of bitcoins will be increased, who knows. About the price - it's unpredictable these days, some experts say it could go to $10,000. Other say it will crash and burn.
 
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Same thing as the gold. You get to trade them. And considering the low stock of the gold. People bet higher amount to posses it. And that's where the things are going to be for many of us. You can see that some of the bitcoins mined have their own set of the issues. And we have to look for the buyers and the process where we can hold them better. I won't bet much on bitcoin for longer though. The reason being bitcoins may reach a point where you'd better not get much involved.
 
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komrad said:
I read somewhere that only 21 million bitcoins will be produce in circulation. So what happen next? Will it like what paper money circulated? How about the price?
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At this point most people don't know that Bitcoin is limited. The more people realize this it may very well create a higher demand and drive the price upward.
That is why guys like Bill Gates say it will reach $100 000+ some have said $1M!
 
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The more people start mining, the higher to mine it is going to be which means the price will be higher.Bitcoin is limited I agree but its gonna be really hard to run out of it unless its extremely popular.I think people will switch to other cryptocurrency when that happens.
 
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All in the group pages saying some people's posting it will gone and sell ur btc or withdraw them all,yada yada... idk where they get the news from.. In my point of views since i joined last year of december in bitcoin,im pretty much love mining rght now since im getting free bitcoin in some faucet, still alot of people saying not gonna happen because many people are into it..and i hope it won't happen.
 
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Kambas said:
At this point most people don't know that Bitcoin is limited. The more people realize this it may very well create a higher demand and drive the price upward.
That is why guys like Bill Gates say it will reach $100 000+ some have said $1M!
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Wow!I would like to see when Bitcoin reaches $1m!I have read somewhere that it is good though that the Bitcoin keeps his limits,regarding his price,because if it is too high ,people can't afford to buy it.
 
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tusziget said:
Wow!I would like to see when Bitcoin reaches $1m!I have read somewhere that it is good though that the Bitcoin keeps his limits,regarding his price,because if it is too high ,people can't afford to buy it.
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Anyone can afford to buy Bitcoin because you can buy partitions (Satoshi). You don't have to buy a whole Bitcoin, you can buy 0.00001 if that's all you can afford.
That is why I started a Bitcoin faucet project, to create streams of passive income.
 
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WHen all bitcoins are mined then i guess it's demand will increase more demands means it will get expensive. I think in next 2 years bitcoin will be between $10k-$15k. Everyone want to have bitcoins. Maybe it is not limited. but noone is sure about this.
 
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Abdul hanan said:
WHen all bitcoins are mined then i guess it's demand will increase more demands means it will get expensive. I think in next 2 years bitcoin will be between $10k-$15k. Everyone want to have bitcoins. Maybe it is not limited. but noone is sure about this.
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Why do you say "Maybe it is not limited" and "no one is sure about this"?
Bitcoin is limited and I am 100% sure about this :)
There are only 21 million bitcoins available to mine.
You can easily research this information.
 
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OK. Then as i told you when all bitcoins will be mined. EIthe the value of bitcoin will increase very much or people will start using other currency like eth.ltc.dogecoin etc. I never heard that there are only 21 millions bitcoins anyways i'll do some research about this.
 
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We will have to wait and see and what happens. If all the coins gets mined, then the value of BTC will stay the same and another coin in crypto will start.
 
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xXInfectedXx said:
We will have to wait and see and what happens. If all the coins gets mined, then the value of BTC will stay the same and another coin in crypto will start.
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By the time all Bitcoin coins are mined we will all be long gone :)
I think the estimated date is 2140 but I could be wrong.
The reason why it will take so long is due to the difficulty that increases as more coins are mined.

There are 32 halving events that will slow things down so none of us are going to be here to see the end of Bitcoin mining!
 
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I hope that moment never comes,when all Bitcoins are mined.I have no idea what could happen then...Maybe the value of the Bitcoin will get very high,because there are no more Bitcoins to mine,and thereby his value will rise more.
 
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When all the bitcoins are mined , then the value of bitcoin no more fluctuates , it will be stablecoin I think. And other altcoins like litecoin and ethereum may rise up like bitcoin rised up on december 2017.
 
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When all the bitcoins are mined , that means it's total supply is over. That doesn't mean the end of Bitcoin. The existing Bitcoin will circulate among the investors. No need satoshis are mined.
 
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We are a long long time away from the moment when all the Bitcoins in the world would be mined and by then things will be a lot more clear for the general public
 
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