By reducing the mining reward over time, the rate at which new bitcoins are added to the network slows down, eventually reaching zero once the total supply of 21 million bitcoins is reached. This is possible only if Bitcoin is primarily used as a store of value rather than for daily transactions. As more bitcoins are mined, the rate at which new bitcoins are created is gradually reduced. Learn Bitcoin General knowledge.
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The volatility of cryptocurrency is another drawback. The price of cryptocurrencies is notoriously volatile, with erratic swings in price. But other payment processing solutions address a much larger audience by using the Bitcoin distributed ledger to transfer payments in conventional currencies.
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Read MoreBitcoin transactions will continue to be pooled and processed into blocks, and Bitcoin miners will be compensated, although most likely simply with transaction processing fees. It's unclear exactly how many bitcoins have been stolen. While pinpointing an exact date is impossible, it is estimated that all 21 million bitcoins will be mined by the year After the maximum number of bitcoins is reached, even if that number is ultimately slightly below 21 million, no new bitcoins will be issued. Additionally, certain addresses may remain dormant or inactive, which can skew the distribution perception. We discourage speculative trading but we strongly encourage investing in education.