Quote from: Dhaniii on Today at 04:15:08 AM

Quote from: Ultegra134 on December 19, 2021, 01:02:22 PM

Quote from: Ararbermas on December 19, 2021, 07:29:44 AM

We are wondering what will happen to bitcoin if its all done, i mean totally mined..?perhape it just circulating wherein those mined will not be lost wherein it will keep floating in the space and still working how the way it works, especially those lost wallet and satoshi wallet that becomes so popular in the internet because of the amount of it, so perhaps for that reason bitcoin will not last. Just saying. Grin

We probably won't be alive to see that, mining difficulty rises as times goes by, with more and more blocks being mined. Definitely, the supply of BTC is limited and has been severely impacted, with millions of coins being lost on the blockchain forever. Thus, the available coins are way fewer than the 19 million, currently in circulation.

I bet that in a few years, for that same reason, the price will skyrocket, becoming

I think mining btc never stops as long as bitcoin transactions are still around. even though the mining analysis assumes that the remaining 10% is still there, it doesn't run out unless bitcoin is dead and no longer transacting. the future prospect of bitcoin is that there are more and more enthusiasts and the greater the level of transactions, especially when some countries plan to make bitcoin a legal medium of exchange, the transaction rate can no longer be contained.

right, as long as there are transactions, mining will never stop, especially after this, of course, there will be more transactions because there are more bitcoin users, especially if more countries adopt it, of course there will be more transactions. and we are entering a new era where bitcoin will be getting higher in price because those who need more and more are selling less, and almost all of the supply is on the market