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
I honestly believe we all are aware of this fact already that Bitcoin will soon be completely mined. The 21 million will only be transferred between one person to another in exchange for whatever service.
Yeah, that time will definitely come, bitcoin will not be able to be mined again, while the amount of bitcoin is limited, of course it will
soar the price of bitcoin to be very high. that is a sure thing to happen, if currently 79% are already mined, it means less a few years away bitcoin will not be able to be mine. my suggestion is to keep your bitcoin, bitcoin will be very valuable then.
Well, after bitcoin mining is finished, the value of bitcoin will increase very high but I believe this will not last long and then, bitcoin will gradually go down and began to go sideways, stabilized because the miners, the big whales of the market were no longer benefited when they were not mined. And they will definitely move on to another currency, maybe that would be a bitcoin alternative currency, although bitcoin's position will not be shaken but the community and its popularity will fall to the bottom