Bitcoin Forum

I think about Bitcoin, and this is just my meaning.
As you know Bitcoin is limit. Total of Bitcoin is 21 million, we have dug nearly 16.8 million Bitcoin. Neither founder can not create more Bitcoin. Is this  the reason for raising Bitcoin price high and it's also cause for Bitcoin price reduction when we have nearly reached 21 million.

IT depends how it compares with capital gain and income tax in the country in general, and how they handle losses. Also depends when they calculate capital gain (at the moment of conversion to JPY, or each conversion between different cryptos).

55% on insane free money this year would have been just fine. it won't be fine when (if) crypto ever stabilizes. there again, it's early days, and governments will need some time to tune things.

the clearer the regulations the better.

Once the limit of 21 million Bitcoins has been reached, price will continue to increase since there will theoretically be less Bitcoin exchanged on the blockchain. More people will own Bitcoin and forget their private key which means that Bitcoin will now be inaccessible. Therefore, there will be less Bitcoin in the system as time goes on, driving up demand, driving up prices.  :)

your question has the answer. since we have a finite number of BTC, it will remain free from inflation. which means price will go only up

What you describe is supply decreasing, not demand increasing. Yes, once all Bitcoins have been mined the Bitcoin supply will effectively decrease, due to lost coins etc. This is something we can safely assume.

What we don't know, however, is whether demand will actually increase or even stay at current levels. If there's no demand for Bitcoin, even a reduced supply won't help the price much. In other words, a sustained increase of Bitcoin's price in fiat terms is far from a sure thing, despite Bitcoin's (long-term) deflationary nature.

Basic demand and supply concept. As soon as all bitcoins are mined the supply will converge to zero it means that demand will rise because there are almost no bitcoins left and many people are striving to have it. The bitcoin's popularity also affects the demand to be high due to its features and investment purpose. This why bitcoin is powerful because it is popular and has a less supply. So better try to invest in a low supply altcoins that have a potential to be a rewarding investment.

The demand will depend on use cases.  If merchants begin accepting bitcoin as a payment, or if countries and governments begin sanctioning usage of bitcoin or cryptocurrency in general, then the demand for this useful coin will increase and drive up the price.  That could take a lot of convincing, but it is possible. 

This means the demand for Bitcoin would rise and the price would also increase. This will gonna be good for those people who have Bitcoin for long time. The price would be so much valuable that you cannot even tempted to sell your bitcoin and just keep on holding it until the price reach the highest.

There shouldn't be a price reduction in any way if you think about it because the limit of bitcoin is really there to limit the amount of inflation which happens throughout time. PLUS, if we're limited it just means that less bitcoin could be used to buy things in the future. As more people will actually have less Bitcoin, so it is a very good thing.

It's better than traditional currency, as it isn't going to just print out whenever people feel like it. Once we've stopped printing it's over, and that's it.

I'm sorry but you all got it wrong, once we reach the 21 million the price will even go higher. Why? Because bitcoin is limited and getting close to 21 million mined will make it very scarce, and with the huge demand, the price will literally grow exponentially. Also you need to take note that bitcoin has its halving, meaning that blocks is going to be cut in half. So there's a possibility that the price could also increase as well.

I wonder if we are still alive at that time since after all the halving is done and until there is no more Bitcoin to be halve the price would literally increased exponentially e.g. 0.000001 BTC = $100,000. While there is no Bitcoin to be mined all the available Bitcoin will be circulating and there is no miner will be used at this state since there is no Bitcoin left to mine.

Bitcoin has come a long way since it had started and I do believe that it will further grow but still it does have limitations such as firstly, even after so many years it’s pop has not even come little close to popularity of fiat currency. Still most of the people don’t know what bitcoin is. Secondly,, internet is its limitation. Bitcoin requires a stable internet connection and still there are many countries on this planet where internet is not available leading to no bitcoin.

Once it becomes rarer and rarer to mine bitcoins, then will those who choose to hold their bitcoins enjoy so many profits because in economics terms once something gets hard to acquire, its value goes really up.

There are only 21,000,000 bitcoin every where in the whole world. There will be no more creation of Bitcoin. The  brice of bitcoin will continue to rise when there are few bitcoin released by individuals holding it. But when there is FUD as we witness in the past weeks holder tends to sell in panic and there will be more bitcoin in the market thereby draging the price down.

Of course, the more bitcoins we extract, the greater the value of bitcoin, as it increases its capitalization. When bitcoins are dug out everything, bitcoin will be very expensive.

21 million is the limit of bitcoin but already 80 percent bitcoin is in circulation

If people want to purchase Bitcoin then they can. It can also work the other way, if no one wants it then the price will be low.

The volume is actually much smaller, as far as I know, in the crypto market only about 16 million bitcoins are in circulation. That's a very small amount, so bitcoin is scarce so you can understand why bitcoins are so valuable.

Yep! We are standing under the new adoption of crypto from different countries or even union of them as they are sure for now that they just can`t simly ban Bitcoin.
And in the first stage of this adoption every country would want to benefit more. But then compettion will make this fines, fees, taxes to belower as only the wisest  will win the more)
As to the circulating supply of the BTC, I think that in the near future (2-3 years) it wouldn`t cause the change of the price! And, by the way, nobody exactly knows what supply is burnt by loosing the keys to the wallets.

Theoretically, if all bitcoins were mined by 2140, its value would be high causing miners to still receive significant incentives even with just the tx fees. However, that is entirely an assumed scenario since we still don't know whether there'd be some major changes along the way for bitcoin and most especially its existence since most of the world's government are trying to regulate it in order to lessen its effects on people's way of thinking about money. The price would be high if there's a great demand on par with a diminishing supply, and that is basic economics. Everything are pure guesses at this point as to what will happen in the future, though most are inclined to think that bitcoin still remains, and that everyone and their mothers are using it causing a massive price jump.

They aren't all in circulation. A lot are locked in long term holding wallets.

I think you guys have to move on from thoughts of Bitcoin as a payment system. There are better coins being created. Bitcoin is becoming a store of wealth, and it is perfect for that.

As far as I know it's not 16M of BTC are in circulation as some of them are already lost, like they mined years ago and forgot about it or forgot about the private keys so what's in circulation today is less than the assumed amount.
If there will be less BTC in the future and the demand is still high like what we are experiencing now, there's no doubt that its value will rise up but if there is no demand which I hope won't happen, other altcoins will eventually take over BTC in my opinion.

Yes, a lot of bitcoins are in a "cold" wallets, not on the crypto exchange markets. About 1 million BTC which were mined in the earliest times seems to be lost.

CoinMarketCap show us that about 6.4 billion USD in circulation. Now 1 BTC = 8300 USD, therefore 770000 bitcoins are on the crypto exchange markets.

The very limited number of bitcoin, 21 million bitcoin, is very influential with the rise in bitcoin prices, but the current rise and fall in bitcoin prices are a lot of bubbles, because of the nature of the cryptocurrency money, but it does not matter to me to always invest in bitcoin, because bubbles are a natural thing in cryptocurrency

I understand where you're coming from and since Bitcoin's value is partly high, it is a good investment. But, what are your thoughts about Bitcoin's origin that it was developed as a payment method, particularly to steer away from governments and banks right? Are altcoins supposed to take that place instead?

this limitation is the advantage of a coin
the inverse will prefer BTC if the total supply is fixed and no coins will be produced again

that is one of the reason why bitcoin price is increasing over time.
the limited supply and more demands causing increase in price.

Not at all  we all have the mindset of rue bitcon is already at his limit and bitcoin will go down on its price but we all know that bitcoin and like just market or stock market every thing has a era and the price will go up in every 5 years so absolutely that price pf bitcoin will go and pump again in rue comng months or years.

Bitcoin has no limit.Nobody can quees what price it will become .

The limit of 21 million Bitcoins means that it is deflationary as opposed to fiat currencies that are inflationary. Fiat currencies drop invalue over time because governments can continue to print money.

So as long as there is demand for Bitcoin, the price should theoretically continue to increase as compared to fiat currencies. This was done by design by the creators of Bitcoin.

Yes, I've heard the news. It's a strategy or not, I do not care. I just did was add a bitcoin in my wallet. So, when bitcoin stocks are a bit, my bitcoin price goes up.

already in the make sure the goods that can not be made anymore will be more valuable with the goods that can still be in production.
so is the bitcoin when it can not be mining anymore I believe the bitcoin price will be higher and will never decrease again.

yes, but before that bitcoin must be able to deal with this natural correction, and by decreasing the supply of bitcoin, it will make the bitcoin price rise and higher. and we'll see bitcoin start up this year. now we just wait just wait the natural correction ends, and after that bitcoin will be to the moon.

If you know, there are only 21 million total Bitcoin that can be mined. Once the miners have opened Bitcoin a lot, the supply will be exhausted, let alone the Bitcoin protocol changed to get a bigger supply. Well, the question is, what will happen when global Bitcoin supply reaches its limit

digging bitcoin nearly comes to extinction thats why the price is continuously growing and not to mentioned this is the first cryptocoin this is the reason he is more loved and many new comers want to be part of bitcoin revolutions..and the price will again grow if we reached the 21 millions counts because only market will tell were to get the valuable coin

bitcoin has a low supply coin.
it is expected to increase on its price due the limited supply and more demands.

bitcoin is the main currency for which everything is traded! Bitcoin will never fall in price! I am sure that we will soon see the cost of bitcoin at $ 100,000! And it will come soon!)) With our technology, we certainly will give 21 million already in the near future, but I am sure that this will not affect the price of bitcoin in any way!

Bitcoin does not need to be increased and in reality it is less than 21 million with the amount that has been lost over the years for various reasons.
All crypto currency is based on the price of bitcoin when bitcoin decreases in value so does pretty much everything else. Also it is going to be a long time until all the bitcoins are mined.

1-Btc is trusted cryptocurrency
2-btc will rise for it is limitiaon and popularity

But has some chalenges:
1-high amount of deep
2-low  speed of transactions

I think BTC will go up when the number of BTC reaches 21 million.

According to the market supply and demand, things are scarce!

When people need BTC, the price of BTC goes up naturally!

As I have read some of the threads here. They say that was like a wrong price and this is now the corrected one which goes back at 8,000 dollars.
One more said, whales have been playing the bitcoin price. Dumping and now pumping again to create money.

They have different speculations but what matters most is the demand and you just said it right. The number of it will be depleted and as we go there it will be more expensive just like gold and other commodities that are consumptive.
The difference with gold is there may be parts of the world that still have a lot of it which arent discovered yet.
With bitcoin there is a number. No matter what happens, it will be 21 million.

Yes, in theory this is so. However, nobody knows how it will be in practice. Here one simple factor is not taken into account. By that time there will be a lot of highly functional and easy-to-use crypto-currencies of small value, which will give a good profit to their owners. Someone will be interested to buy bitcoin, which, say, will cost one hundred thousand dollars ?. It is still unknown

Depend on demand.the greater the value of bitcoin, as it increases its capitalization.the limited supply and more demands causing increase in price.

The cyber currency is getting close to all of its 21 million “coins” being mined and some argue it could happen within five years – over 16,800,000 coins have been mined as of January 13.
Once all of the bitcoins are mined it means supply cannot grow, despite growing demand.
In contrast, the cryptocurrency 'ripple' allows miners to create a maximum of 100 billion tokens.
Enthusiasts say buying bitcoin will become harder and therefore make it more valuable, but others say it will stop being decentralised.

yes of course if supply is limited and demand always increasing, the price will be automatically increase. this is a economic theory..

I completely agree ! When the limit of 21 million bitcons is reached, then the price will grow significantly because of the lack of coins themselves!

If we have reached its limit, prices might rise but the question is will it still be in demand. Since prices will go up buying bitcoin would be more difficult which may result that people resort into other coins.
Will you keep on looking for gold if silver is much easier to mine and has a lot more supply?

Before this happens, it will take a long time, since the complexity of bitcoach mining will increase with each block. But I like the majority, I think that the cost in this case will only increase.

That sentence doesn't make much sense. If the price increases further, it's directly a reflection of the increasing demand, so the answer is obviously yes.

Nonsense. People are in no shape or form obliged to buy themselves a whole Bitcoin (BTC unit). Bitcoin is probably the most divisible currency/asset that has ever emerged. BTC is nothing more than a unit level that consists of 100,000,000 smaller units called Satoshis. It won't take long anymore from this point before all services start to work with mBTC units by default. 1BTC = 1000mBTC = 1,000,000Bits, or uBTC, but I prefer the term Bits. In other words, you can still buy whole units, but the ones that are of lower value. :)

I dont think bitcoin is holding its limit to reach these kind of amount of money. but as we can see, each year that pass, it has been high. And will get more higher.

I guess it depends on how bitcoin performs in the mainstream over the coming years, if it does as we think and really takes off then once the 21 million are mined, the only way people can gain bitcoin by mining will be via the fees in the blocks or purchasing on an exchange.

Now if there are not many sellers than the price will increase as people will be looking to buy.

No, that is certainly not the reason. The price is determined by the rule of supply and demand.
Scarcity is only one of the parameters bound by that rule.
"Higher scarcity" (oxymoron, ain't it?) means lower supply.
Lower supply is pushing the price up if there is sufficient demand (imagine 10 people wanting to buy 1 car - some of them would be willing to pay a little bit extra to secure that car for themselves).

The price is fluctuating and stabilizing because of the rules of supply and demand but scarcity is not the decisive factor. Scarcity may be one of the factors why BItcoin price is so high overall (with the introduction of Satoshi even that is not so evident because you have much more Satoshis then Bitcoins, right?), but the price is currently stable due to some other factors:
1. Recent huge drop and Bitcoin finding it support at 10.000 USD, 10.000 being also the psychological barrier.
2. Whales holding.
3. Current equilibrium of good news and FUD.
4. Nothing really substantial going on at the moment.
5. Weak hands mostly left the market while new ones are currently not entering much.

Again, all of this is balanced by supply and demand phenomenon.

I think it is the cause of high rising bitcoin, limited supply and higher demand. so miners and investors should raise the price of bitcoin. so, what if bitcoin is exhausted? whether the price will be higher or will go down.?

Yes , once day all Bitcoin will be mined and the amount of Bitcoin will be limited at 21 millions and no more bitcoin will come out. At that moment, the price would be insane because of the stop in supply.

Bitcoin limit we take a long period of years and i guest, now is the morning of bitcoin and to talk of the limit, Bitcoin is not ordinary coin and talk of the limit. As a leading coin no body know the limit and you can only see a number of figure, (for me i see it as prediction) , beside demand in market exchange is more higher than the supply, every 24hrs in market, the buyer always be available, is the best time to invest.

Good and bad sides are part of everything. As like everything Bitcoin also has good and bad sides. But to me I think good side is more than bad side. But the bad sides are not small list. The price of bitcion is not stable. So today it may have 11000$ but who knows tommorow it may be 1100$ . It's value increase or decrease such a rate that it is not possible to tell the value of next day. Again in some countries or rather in many countries Bitcoin is forbidden. You may earn Bitcoin but you must convert it to dollar. In total to me this are the main bindings in Bitcoin. Also many people thinks that crypto currency like Bitcoin is just a currency in the paper.

your explanation is plausible, the limited supply and high demands means the higher value it will.
bitcoin is a coin with a low total supply, its price will increase with the time.

BTC limit is 21 billion Is good for their price, and btc have property to decrease this max supply more when peoples lost private keys of his wallets
What will be with this unused btc in the future, this is question for me

everyone is entitled to buy Bitcoin anytime, with a price that has reached $ 11,000 USD Bitcoin will be increasingly in the interest because people will buy it now and save it a few years later.
there is no limit on Bitcoin if someone wants to use it, of course Bitcoin has both good and bad side but it depends on the person who wants to have it.

It is being observed, now a days, that there is a very high demand of BITCOIN .Almost every multinational company is directly or indirectly connected to BITCOIN.Hence when the BITCOIN limit ,i.e., 21 million is crossed then its price would rise so much that even the richest would think twice before buying it.

 I think if bitcoin reach to 21 million limit to mine , there is a possibility that bitcoin holders will hold their coins to escalate the price value because its agreeable that base on supply and demand rules it state that , when supply is lesser, it increases the demand that makes the value will increase.

yes, this is the reason for which bionics are being praised all over the world. This is such a reliable reason for the haters to shut their mouth. Bitcoins are not in huge number, like they are fixed, 21 million in the whole world. If this number gets variable or continuous, then bitcoins will lose their charm and the high prices, reason, supply will be more than demand so prices gets down.

Actually when we will reach near to the bitcoin exhaustion level then the prices will pump huge. Because by that time people know this well that they have very less time to grab as much bitcoin as they could in short period of time as coin price will increase. That would be event when we will see drastic upward trend of the bitcoin market cap. Whales would fight mostly to buy more and more. That would be historic moment as there wont be anymore supply of the bitcoin and what we will have is currency to trade and who knows a fixed price too.

Reaching 21 million is too far away and still has no impact on the price. BTC has such a phenomenon and rules that after every two week it becomes difficult to mine new bitcoins which means that in future it will be harder and for each block mined the reward will be lesser and lesser. According to the algo whole of the bitcoins cannot be mined until 2138 atleast.

Limited supply of bitcoin is a reason for price hike of bitcoin according to the demand law. Besides, bkock chain technology. world wide acceptance and more popularity took the price to peak.Yet, some bad news and rumors has seized the price again.

I didn't get your idea. Why is this the reason to lower the price and interest in bitcoin. 21 million coins will exist on the market. It will always be an attractive asset. With its help on the stock exchange you can earn enough money to make it the main type of earnings. All exclusive items have a limited edition. From this their price every year only increases.

Yeah, that would be the reason for bitcoin's growth. It is simple, 'high demand and low supply' keeps pushing the price higher and higher. When the btc limit is reached, the price would keep on increasing as the demand increases, as no one can actually produce bitcoin. So, the number of btc are limited, but the demand keeps on increasing day by day as more and more people keep investing in it.

the main reason for increase in bitcoin price is the demand and supply. as the supply of bitcoin is limited to 21 million, the rate of bitcoin increases with increase in the demand as well as trading volume. when all of the bitcoin is mined, the bitcoin price is expected to skyrocket as there will be no more bitcoin to mine whereas the popularity and demand will continue to grow.

Well there could easily be a fork that leads to the creation of more bitcoins. However, the fact that there are a limited number is what gives bitcoin it's value, it's definitely not a limitation. The demand for bitcoin increases faster than fresh coins enter circulation, leading to a gradual improvement in price, this is further compounded by an increasingly wide distribution of coins, as bitcoins are spread over more and more people, the average amount per person decreases (in terms of BTC, not necessarily fiat value). The system was designed to inflate in value until it approaches the total market cap of all currencies.

Bitcoin has a limit of 21 million coins. Before we mine all of them we will be dead. The estimated time for mining the last Bitcoin is somewhere around 2120. Its value is not increasing only because of limited supply but also because of the technology on which Bitcoin is built on. Blockchain is something new and unique. Many people still don't understand how it works but they want to see it more often. Why do you think that Bitcoin price will decrease at the end of mining rewards? We can't be even sure that Bitcoin will survive that long.

Theoretically, if the bitcoin limit of 21 million has been achieved then bitcoin will become a rare digital asset and the scarcity can make bitcoin prices continue to rebound if market demand for bitcoin is higher because the economic law says that the higher the demand for something the higher the price of something

The limit is one of the most important reasons for the rise in bitcoin prices. Every year when the bitcoins will be less and less the price will only grow. And when the limin is over, it's likely that this will be the maximum price. The same bitcoin enjoys great popularity and capitalization. Therefore, the price also depends on this parameter.