What happens when all of the bitcoins are bought?
>>2010865
The miners make enough profit from transaction fees to stay in business.
>>2010874
I'm not starting an argument or looking to troll, I honestly pull like to know, specifically concerning the price or value of btc. Does it mostly flatline at a crazy value of something like $3m a bitcoin? Or does it plummet?
>>2010865
FFA deathmatch between crypto NEETS
miners increase the fees to compensate probably
gooks are greedy subhumans
>>2010865
>What happens when all of the bitcoins are bought?
Here's a simple economic explanation:
When there is no more supply, the price goes up. That means that Bitcoin will be valued at an extremely high price if all of it got bought up.
>>2010886
If it does reach $3 million, the demand for Bitcoin will decreasing which will cause the price to drop like crazy and it would be a situation where everyone is selling their coins to collect large amounts of fiat cash.
>>2010865
It's already the case. Every Bitcoin already existing is owned by somebody
>>2010865
The same thing that will happen when we mine the last bit of gold.
Price will still depend on demand.
There is no inflation when it comes to crypto.
>>2011866
You are retarded. When you buy crypto, you arent buying a freshly minted coin from the coin mines.
Supply and demand is the correlation between the two. When supply goes down then price goes up. When demand goes up price goes up. Supply of crypto only increases and never decreases and the increase in supply gets exponentially worse over time. Once supply hits maximum then the price will purely depend on demand.
This isnt cheese burgers.
>>2011879
Think again.
Most cryptos are deflationary like bitcoin. This means eventually no new coins rewards will be given out. Miners will live off transaction fees alone. Slowly over time, people will accidentally lose coins. Like losing device with wallet on it, no backup of keys. At that point coins will just keep getting more valuable as supply starts going down.