What Happens to Bitcoin After All 21 Million are Mined?steemCreated with Sketch.

in bitcoin •  7 years ago 

Bitcoin is like gold in many ways. Like gold, Bitcoin cannot simply be created arbitrarily. Gold must be mined out of the ground, and Bitcoin must be mined via digital means.

Read more: https://www.investopedia.com/news/what-happens-bitcoin-after-all-21-million-are-mined/

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

The most interesting for me when the 21M BTC are out is to see how will this really affect mining itself, will it be profitable and if not, would mining activity decrease and the reliability of the network with it?

Hello @elpua All Bitcoins will be mined in 2040. I think. If this trend continues I think that price of BTC will rise to incredible prices. Something that we can never imagine. So...hold your bitcoins as much as you can. :) Best from Serbia.

  ·  7 years ago (edited)

Agreed to hold @marko91 :) Best from Spain!

Congratulations @elpua! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!