Post
Topic
Board Bitcoin Discussion
Re: What happens when we hit 21,000,000 bitcoins?
by
nkarm1
on 03/09/2017, 09:21:30 UTC
no problem, bitcoin stock is enough for worldwide transactions, the price of 1 btc is currently around $ 4600 and if all is done mined then the price will reach 1 satoshi = $ 1.

I don't think so. When all those btc are mined, you can't assume that Miners that are solving heavy algorithms will be willing to work with no sure reward? Working for transaction fees? The transaction fee could affect the user for they have to pay for it mandatory. Where in other altcoins you don't have to.

If there are less miners, the transaction will be as slow as you can imagine. Also this will affect the users, they might switch to other alternative coins for fast transactions. So in this scenario, less demand, low price.