Quote from: Irvinn on November 01, 2018, 05:47:49 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

If all the bitcoins are mined, nothing much will happen. This event has virtually no effect on its price. However, the question is not even that. In a hundred and twenty years, bitcoin mining will probably no longer be relevant. During this time there will be such events that it is possible to forget about Bitcoin. If the cryptocurrency will continue to exist, then it will be completely different. And bitcoin will be completely different. Therefore, do not worry about such little things now. Moreover, we still will not know about it. Rather, not in this life.

Soon mining will be not profitable anymore since the reward are getting lesser and what they just get is the fee.
Thus the answer is clearly stated, it's already scarce and so the price.

The last bitcoin will be mine in 2140 and I'm sure most of us are gone by that time so don't bother anyway.
Why don't we just enjoy and live in the present.