What Happens If All Bitcoins Are Mined?
Hey Cryptopeople
Have you been wondering what happens if all Bitcoins are mined?
Hard Facts:
- 21 Million BTC
- In April the 17th millionth Bitcoin was mined
- The 21 millionth Bitcoin will be mined in 2140
So it's pretty much nothing we have to worry about just yet, since it's more than 100 years from now. ;) If all Coins are mined the incentive for miners will only be covered with transaction fees from the users.
How high the transaction fees will rise when all Bitcoins are mined is hard to say. But you can see a huge decline of transaction fees since Segwit was integrated. Since than total transaction fees dropped to the levels of October 2016!
What do you think?
Are you Buying BTC right now or wait for it to go down lower?
Leave it in the comments! Let us share our thoughts and profit all together!
As always this is not investment advice! Please do your own research!
I wish you all the best of luck and until next time guys!
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As always this is not investment or legal advice! Please do your own research!
Happy Gainz! :)
Nice to know! It would really be interesting if Bitcoin can even survive that long... ;) And how the fees are going to be like if all Coins are mined! :)
HAHA that is true! But I think Bitcoin is here to stay. Of course it could be replaced as the nr 1.
But that is not really realistic in the near future I think.
Great article, would appreciate if able to get an up vote on one of my post. Thanks.
Sry buddy that is not how it works here! :) Just produce great content which brings value to the platform and you will get there! :) But I will check out your posts for sure! :)