Ninjastic
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Re: What is going to happen when we reach the 21 Million BTC supply limit?
by
Bitcoincole
on 19/04/2018, 20:47:21 UTC
Quote from: NewRanger on April 18, 2018, 11:13:00 AM
Quote from: jinxing on April 18, 2018, 11:05:16 AM
Quote from: WaveFront on November 05, 2017, 08:00:06 PM
Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?

Thanks for taking the time to answer :-D
in my opinion, yes. because with the reduced supply, the miner will decrease. and will cause the high price of the coin. we will not know when it will happen. but from now we start preparing it. and most likely the miner will switch to altcoin.
one thing for sure is the bitcoin price will be more expensive. circulating coins in the market will be increasingly rare. and this will people are reluctant to sell their bitcoin. except at a very expensive price.


Circumstances will be like that, people will not sell reluctantly due to high price value that would circulates the markets. Otherwise they will shift to altcoin because altcoin is also be expensive once the bitcoin is rising, so it would be gratefull that you have both coins are holdings.