Quote from: guoyu78 on August 22, 2019, 07:25:49 AM

Quote from: Lawrenzoo on August 21, 2019, 03:42:32 AM

Hello all, i have always wondered about what happens after the last coin of a COIN has been mined, does that mean that people would not be able to buy it again? if not, if someone i to come to the market to purchase a coin and he/she sees that a coin limit has already been exhausted through the history given on coinmarketcap, would that not make the buyer withdraw from taking step further based on the mentality that the limit has been exhausted?

The limit of coins like bitcoin is what will make the coin have very high value in future, because when the last coin has been mined, then it will tend to only remain with those that has had it already, and I believe that there will always be people who will be willing to sell, BUT, because of its scarcity now, people would be selling and bidding at very high prices, and the more people sell high, the more the value gradually increase and this is why people believe that bitcoin will reach a peak price of like 1 million dollars in future.

Demand will be very high, but the supply will be limited because you have to work hard to really see someone that will be willing to let go off their own coin, which is why they will never sell it low.

What about miners that secure network. Will they get enough from fees? how high fees will have to be to pay them enough?