Bitcoin Forum

For those worried BTC might not go much higher. There was news circulating in social media about 80% of the total 21 million supplies have been mined and are in circulating in the market plus those are in idles. There are basically less than 5 million btc need to be mined...no need a racket science.. Supply and demand, bitcoin prices will soar high.

Indeed, if you look at the total amount of bitcoin and the lost bitcoin, I think it will still go up, but the short-term bear market has come.

If you will look to the bitcoin's lost value and total bitcoins circulating you can say that it will not drop, if there are 21 millions of bitcoin around the world and the 80% has been mined then only 20% will needed to be mined but on that 80% its not literally circulating almost half of it are hold by the whales. I think bitcoin's value will increase as its limited number is slowly reachable.

Recognized or not
Bitcoin fever is engulfing the world, the economic system based on deflation and with the increasing supply of bitcoin, bitcoin prices tend to rise.

That is is if people are holding bitcoin and they are not going to sell their bitcoins then its value value will be increasing because of the increasing demand and low supply. With the passage of time the demand of bitcoin will continue increasing because of the people still taking interest in bitcoin.

exactly with this depleting stock if market demand increases then the market price will go up too, hopefully this happens quickly so bitbcoin can up again do not slump like it is today

True, this is just normal in crypto world. I don't think bitcoin will go down to its bottom. It will increse again and soar high. When the demand is high and the supply is low of course the price is high. So yeah,it has something to do with demand ans supply.

It's not always like this where people can decide to shift to some other cryptocurrency and then no one will be able to See the high price in the Bitcoins ,since there are always a variety of things in the market but only some of them flourishes, if its on the shelf it doesn't mean that people are going to go and buy it , it depends on the personal perspective of everyone who are in this business thus it can't be the only rule that determines that the price of Bitcoins will give high, I will I do agree that there is a very Fair chance that the Bitcoins price will increase but I do think that this has nothing to do with it

That true. but for the current status of BTC, investors/traders are tend to divert to other cryptocurrency. There are many cryptocurrency (altcoins) now a days that can really bring a good profit for investors/traders. Sticking on one kind of crypto is not really good idea.
The door of altcoins in the market are wide open and ready to welcome a new investors/traders.

That is my wish too, to be frank. But it is a hope and a wish only, mate

Your reasoning, you see, has a serious flaw: it covered supply all right. But demand is not covered. Actually, you ASSUME that there WILL be ever growing demand for bitcoins. I hope that too, but still: it is only an assumption, you know.

Anyway, future will tell.

Overall, the current demand for bitcoin is still small, and most of the bitcoin that has been discovered at present is not used for monetary payment. As a result, the share of bitcoin directly determined by application requirements is small. However, due to the fundamental role of application requirements and sound development expectations, it is like the dust of the Snowflake Center, driving investment demand and speculative demand, supporting the current prices.

In the case of bitcoin output is expected, the price is mainly determined by market demand, including application requirements, investment demand and speculative demand, each demand can be divided into several situations. These needs are also the main forms of people's participation in Bitcoin's economic development. These include: site shopping using bitcoin, online shopping and remittances, hoarding money, investing in bitcoin projects, investing and mining, short-term speculation, arbitrage, arbitrage and futures trading. These cover almost all the major economic activities related to bitcoin, and generally promote the economic development of bitcoin in their own way, and jointly determine the market price of bitcoin.

if the supply of bitcoin diminishes the price of bitcoin will also be more expensive and bubbles often occur, and I'm not afraid to run out of bitcoin supplies in the mine

Does anyone know the true amount of BTC circulating after your remove any Idle BTC?

how would you define those idle BTC? You see, it is really impossible to tell whether the BTC is just in a cold storage or a paper wallet OR if it is forgotten, destroyed or disposed off (like in a hard disk thrown away to a dump).

The difference is that the ones in a cold storage or a paper wallet can be turned to hot wallet and used in a matter of hours or days, while the bitcoins that were destroyed/disposed off cannot be used ever again.

So I think you wanted to know how many there are bitcoins that were distroyed?

But as I said in the beginning of my post, you cannot distinguish them from the bitcoins in a cold storage, you see.....

Yup you are right. Bitcoin's value will increase eventually, I'm sad to those people who give up there hopes in bitcoin. They don't know that bitcoin will increase again. It is just matter of time and patience waiting it to increase again.

This factor is huge. Today, Bitcoin does not have any equivalence in the world, so BTC is sold on the floor. The main principle of economics is that if a person buys a currency, the price of it will increase and if the seller's currency, its price will fall. Bitcoin is no exception. In spring 2013, prices have increased tenfold by China.

BTC with 16 million and over 14 million BTC. These numbers are rising rapidly. When the number of Bitcoins is fixed, BTC prices will continue to increase.
BTCBTCBTC

bitcoin supply is less but demand is too much thats the main reason for pump and increase in value

That's why I'm sure bitcoin will be a rare item. Supply is limited, while demand continues to grow. While Bitcoin prices are now in the valley, this is a good opportunity to buy some BTC for investment.

for those who are still doubtful and afraid, they will be left behind as the train has gone far. because the virtual currency is moving very fast.
I think of course the fewer the remaining supply makes the price higher, so it's best to ignore the issue that says bitcoin prices will fall and die.
it should, technology will never die, right?

We gonna wait for a few weeks or a month btc price will hike again. Few year from now btc will be so expensive that ordinary traders could not afford anymore.

I got a hope last night but today again bitcoin and all cryptocurrencies started dumping in the market. I really keen to see the bitcoin price back to 15k or 18k. Since I have holded the bitcoins for long time. It hurts me with the biggest price change buddy.

Actually supply seems down in all the coins. If they go further to more fund we can have hope to see the bitcoin reach the value I expected.

The decrease of bitcoin supply due to the many mining activities about 80% of the total amount of bitcoin is about 21 million available. I think this will cause a drop in supply of the number of bitcoin in the world. And I think with the reduced Supply bitcoin available will be very useful for people who store bitcoin. Of course the bitcoin price will rise again quite significantly because it is caused by the many requests for bitcoin.

There is enough supply for Bitcoin in the market. Not every user has higher than 3 bitcoin I think. Also, the price of the Bitcoin is making sure that people who have it will sell if the price go up and buy when it goes down. The supply is just going round and having a cycle. No need to worry about the price because it will go up again.

Even though it might be a good news, can you prove the legitimacy of this news? I wanted to check if it is true or just a hype. If it is true, will accumulate more Bitcoin and hold for the future. I don't want to get on the hype and regret later so I wanted to vheck the news.

Unlike fiat, the underlying accountability, honesty and truth of Bitcoin remains strong and resilient to attack.
Bitcoin evolves and becomes stronger, it is indeed the "internet" of money.

Even though it might be a good news, can you prove the legitimacy of this news? I wanted to check if it is true or just a hype. If it is true, will accumulate more Bitcoin and hold for the future. I don't want to get on the hype and regret later so I wanted to vheck the news.
[/quote]

Hi dude,
Please check on this link https://www.ndtv.com/business/bitcoin-prices-to-zoom-further-only-20-cryptocurrency-coins-left-to-be-mined-1800099

I guess there are huge amount of btc on idle, which cannot be retrieve anymore.  It could possible that some of BTC's owners are already on the grave.

Bitcoin supply and demand is the the back bones of price of bitcoin.
Supply: As supply of bitcoin in market increased then price will automatically go down.
Demand: As Demand of bitcoin in market increased then price automatically go rise.
These are the two factors which are affecting price of bitcoin.

But this information is not 100%, it can be a rumor, but maybe someone rashly merged the information, and this is really so. I'm still convinced that this is possible. But bitcoin shows all of us what the future is for him, and that this is a completely different kind of technology.

it is funny to see how shallow some people think of bitcoin and the market and think just because they have seen some irrelevant data  then the price should go up. it is basically them wishing for it and then trying so hard for finding some reason to satisfy their mind about it being true.
there is others opposite of OP who are trying so hard to come up with reasons for drop and justify it for themselves with those irrelevant reasons.

I also think that bitcoin will only grow with time and it is quite possible that we will see a price of 1 million for bitcoin

You should rephrase the OP because at the first place the circulating supply is not a news but it's more than a fact and I'm surprised that you just know that. So maybe if all of us know this, everyone will hold their coins as long as they could because of the anticipation. However, last bitcoin will be mine by 2140 and it's actually a long way for us and many can still happen like regulations that might affect the price.

So again, I know some are skeptical yet we should still know when to take profit. Just to be sure.

Without a doubt, in the event that you take a gander at the aggregate sum of bitcoin and the lost bitcoin, I figure it will in any case go up, yet the transient bear showcase has come

Markets are showing some good signs. Maybe a bull market soon?

yep.
too many people of the FIAT market that think "share" prices only move due to the "shares" corporation making a dramatacal announcement to media.

they dont see there are things that are functional and cost based behind the price that can make a price poing supported. and that the dramatical announcements are just speculation that are not sustainable.

EG how the drama of "segwitx1 locked segwit2x REKT" mid november caused the spike and correction of november-february

yet things like ongoing mining costs has caused the more stable and sustainable rise from pennies to $thousands over the last 9 years.

bitcoin wont go to zero because too many bought it for more than zero and wont sell for a penny. and miners have a cost of $thousands per btc so wont sell for less.

if the price went down below "value" then people will buy it at discount to bring it back up

that's true news, bitcoin supplies are only 21 million bitcoins, and until today there are only 4 million bitcoin left, and are predicted to run out in 2024 or 2025.

Bitcoin's demand will always increase every time, while inventory will be small, if bitcoin becomes little or rare, and demand is high, then the bitcoin market will go to the moon.

we just wait for the rising, so don't panic, don't worry.

When Bitcoin reaches the limit of exploitation, this will cause its price to improve. Indeed, when the demand for Bitcoin is high, the low supply will increase the competitiveness and push the price of Bitcoin higher. This would be very beneficial, at least for us - Bitcoin makers.

According to the limitations a small amount is left when compared with the entire volume of bitcoin into circulation. As days pass, the demand for bitcoin keeps growing helping with the growth in value of bitcoin as the supply keeps falling low with the massive adoption.

Even when worded in a funny way, you are right.

Of course, that won't happen overnight it will be slow during the next years but the outcome is pretty obvious if we look closely. It's price will increase over time.

Also if it stabilized in the future which is totally possible as soon as it gets more valuable and because of that attracts more and more advertising it can be a wonderful currency for everyday transactions also.

in the economy system the demand and supply is the key of the price of something, also in bitcoin demand and suppy is affect the bitcoin price, if the demand is high and the supply is low the price of bitcoin automatically increasing more and more and  when the demand is low, and supply is high the price of bitcoin is drop

Yes, circulating supply was around 17M.

And we don't know on how many bitcoin has been lost forever so that makes the circulating supply fewer and more limited. The lesser the supply is, the higher demand is about to come. Look at the majority of those altcoins that has billions of supplies, they never get the spotlight because of it. Bitcoin is bound to increase in the future if this is the case, no matter.

As many speculates the same, there is no way but up. Prices are set to reach all time high after all time high in the near future.

And truly, the supply and demand principle has a lot to do with this. In fact, as of the moment, there are millions of bitcoin not moving at all even after being mined, so there itself the supply has been limited. And with a finite total value of 21 million Bitcoins, we are looking at stronger prices until the last of the bitcoin has been unearthed.

I don’t predict, i need to see the price charts!
This September should be up trend for most coins and tokens, so hope bitcoin will get new peak, and break its own resistance!

Crypto market is just like in our peoples market, there have chance that bitcoin supply increase, the demad will increase too. But if the bitcoin demands decrease supply will decrease also. We cant handle what will be the situation of the market rigjt now.

This is my theory about why the price is dropping. One of the factors why BTC and other crypto is dropping is because of the supply and demand. As the supply last year is too little and the demand was that high price is very high until the end of October I guess. And then at the end of November when it rapidly increasing and reach the highest peak of price which is approximately $20k many people exchange the coin and keep the profit that they invest and more and more of companies got into mining that added the BTC supply. Because of this event that happen last December 2017 specifically the supply got high and increased encountering the demand of people that's why the price drops.

bitcoin price has not much to do with its supply. if people lose interest supporting the bitcoin cult they will simply not accept that token

regards

You one among the trollers list. Am i right?

If you find the bitcoin not worth for just get lost fr the campaign and do not be active in the forum. There are some people bei f in the forum to troll the bitcoin and it's investors.

I think it might be because of the high supply of bitcoin that has made the price to go down too low. I think if the mining pool is mad a little bit complicated by which the mining capability is made harder, this will make some people to mine less bitcoin and thereby arose the high demand of it. I think by then the prize might soar up.

I think it's completely the opposite, we can actually analyze the available coin supply and how much BTC is moving around on a per-day, per-week, per-month, per-year, per-5-year period; we can actually analyze everything in Bitcoin because its publicly available. We can't do the same with proprietary fiat systems.

Highly confirmation bitcoin supply decrease start in the fully year but demand in huge more time.new many people joined and start in bitcoin life and it also increased.i hope this last month will increase bitcoin supply and going to pump bitcoin price.

Btc supplies are only 21 million. but for now the total supply and demand is very high and this can be used as a way to make a high btc price if the supply is in the market a little. This needs to be done and also needs to have BTC now.

As I study about the supply of BTC and its demand last year the BCt supply was very low enough fro me to suuply a demand of very high that's maybe why the price is that high and increased into its peak price. Also people hodls so much of BTC that makes the supply mor low and more valuable. As the increase happens they sell BTC that caused increase on supply of circulation adding up the miners mined BTC. Maybe that's the reason for me.

about that for sure, bitcoin will soar later because demand will be bigger and supply will increase slightly, we just wait for that time to arrive. For now we can buy BTC before that time arrives, because if you don't hold the BTC from now be prepared to regret it