Post
Topic
Board Bitcoin Discussion
Re: what will the value of bitcoin be if the circulating supply gets to Zero
by
ovcijisir
on 26/03/2018, 16:28:17 UTC
if there is more  non stop demand of bitcoin continue after the market correction  , the  circulating supply will tend to zero.  and the price will go up . what might be the price . will the price be fixed or increase or decrease?

Well, if demand continues going up while supply becomes 0, it depends on why the supply stopped. If miners stop mining, there are likely bigger problems that are affecting Bitcoin as a whole. Bitcoin is designed to run out of supply around 2140, but that's a way off. Theoretically, if demand increased without any supply, price would go up.

If supply becomes zero, then miners will only profit form transaction fees. Now they profit from bitcoins that come with new block + transaction fees. So I guess that transcation fees will be higher.

And for demand... When demand starts growing then Bitcoin price will increase. That is simple market law.
That could mean that people will trade in smaller fractions of Bitcoin.