I've heard that Bitcoin will finish mining in 2140, which is certainly a long way off. There's still a chance for us to continue dca BTC, as there's a strong possibility that in the future we'll see a higher BTC price than today, as BTC is constantly being mined, and we'll eventually see the BTC supply dwindle. Currently, I know there's only a small amount of unmined BTC left, approximately 1,100,000. While the number currently mined is 19,900,000, there's still time to accumulate BTC.
However, I'd like to know if there will be BTC miners once the supply is fully mined, and will the fees for sending from wallets to exchanges be high? I also wonder if the price fluctuations will be similar to the current bearish and bullish market. Currently, BTC is widely traded, buying at a low price and selling at a high price. But will BTC trading be possible in the future, similar to daily trading? I think this is worth discussing...
It will still depend on the supply and demand. So, the price fluctuations will still be normal because Bitcoin is a volatile and speculative asset. There could be some changes when all of the bitcoin has been mined. But, I am not thinking of that because I am sure that I won't be able to witness that when that happens. And as for the miners, their main job is to keep on confirming transactions at that time. However, I'd like to know if there will be BTC miners once the supply is fully mined, and will the fees for sending from wallets to exchanges be high? I also wonder if the price fluctuations will be similar to the current bearish and bullish market. Currently, BTC is widely traded, buying at a low price and selling at a high price. But will BTC trading be possible in the future, similar to daily trading? I think this is worth discussing...
Indeed, if we think about the future where BTC has finished mining, that's certainly a very distant time, and of course, I personally don't necessarily think I'll still be around when BTC is finished mining, as it's rare for people to live to be hundreds of years old these days. Hopefully, we can live to that point when BTC is finished mining, and may God grant us physical and spiritual health until then.
I also think the miners will confirm that at that time, so yes, BTC will certainly continue to exist, and the miners will certainly continue working.
At times I feel this topic ends up being in similar lines to the doomsday cults. We are thinking about a future that will take long to happen than our average lifespan.
Hence for now just concentrate on collecting bitcoin and not what those bitcoin will be worth.
If you need to then sell coins for fiat currencies.
But dont get stuck in the loop of analysis-paralysis of the future.
Hence for now just concentrate on collecting bitcoin and not what those bitcoin will be worth.
If you need to then sell coins for fiat currencies.
But dont get stuck in the loop of analysis-paralysis of the future.
Your suggestion is indeed good. We should focus on the present, because when BTC mining ends, it will likely be at least our grandchildren who will experience it. It's absolutely true that we should focus on buying and accumulating BTC, because now is a golden opportunity to accumulate BTC.