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Bitcoin => Bitcoin Discussion => Topic started by: lemplong on May 29, 2020, 12:57:35 AM



Title: If the price of bitcoin increases
Post by: lemplong on May 29, 2020, 12:57:35 AM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??


Title: Re: If the price of bitcoin increases
Post by: ranochigo on May 29, 2020, 01:15:17 AM
The Bitcoin supply is fixed; there are no plans to increase the supply.

Market cap is fixed and there's no way that people would be supporting an increase of the market cap. Doing so would just dilute the current Bitcoin and increase inflation. The fixed inflation is a core feature of Bitcoin and it is unlikely to change. Even with changing demand, a Bitcoin would be worth more and people can buy a fraction of a Bitcoin instead of the full Bitcoin. If Bitcoin ever gets too expensive, we'll probably be able to do a fork to introduce more denominations.


Title: Re: If the price of bitcoin increases
Post by: Little Mouse on May 29, 2020, 02:12:14 AM
Which trusted source you are talking? I assume the sources either have no knowledge on bitcoin or they are one of haters of bitcoin. The supply of 21m is fixed and there's no way it will be changed. Even if someone want to increase the supply, no one will support that. They may get another chain and become just another piece of shit bitcoin fork.


Title: Re: If the price of bitcoin increases
Post by: mk4 on May 29, 2020, 02:40:57 AM
The 21 million number isn't the total number of bitcoin in circulation; it's the maximum supply cap. It's either you misunderstood the articles you've read, or you've read crappy articles. Mind linking them here?


Title: Re: If the price of bitcoin increases
Post by: salamat700 on May 29, 2020, 03:06:14 AM


There would only be 21 million Bitcoin to exist in the network and some of them are still had to be mined. Of course, some of these Bitcoin can be lost already and so the circulating supply can be lower than that fixed figure. Now, what will happen if the demand for Bitcoin can surge (maybe assuming that it is going to be used heavily in international or eCommerce transactions just like USD)? The simple answer is that the price can go skyrocket so that it will just be taking a small fraction of a Bitcoin for us to buy goods and services.


Title: Re: If the price of bitcoin increases
Post by: yazher on May 29, 2020, 04:06:21 AM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

When the total amount of Bitcoin mined and it's all circulating in the market, the only way to increase the price is the demand on the market. If it increased then the price will rise if it decreased the price will also fall and so on so forth. What matters after that is when it's all mined, it should be more adopted by most of the countries in the world or most of the biggest companies out there. We cannot say anything about what will happen in the next 100 years, if the popularity continue to increase till then, the price will likely become like what most investors have speculated.


Title: Re: If the price of bitcoin increases
Post by: kotajikikox on May 29, 2020, 04:14:49 AM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

you have already read a numbers of trusted sources(even without sharing a singe one here) yet you still believe that 21 million is the circulating supply?lol there are still numbers of Bitcoin that still under mining and there are also many numbers that lost in the air as the private keys already forgotten and from those people that dies without sharing their wallets.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

what?do you understand your question?

sorry but please clear the question because there is no clarity here.



Title: Re: If the price of bitcoin increases
Post by: pooya87 on May 29, 2020, 05:23:27 AM
here is how bitcoin works!
when bitcoin was created, there was no "circulating supply", it was zero. then miners started doing a certain "work" which resulted in finding new blocks. every time a miner successfully finds a new block, they are rewarded by "new coins". in other words the new block they find is creating those new coins. from the very first block until block #210000 this reward was 50 bitcoins, from #210001 to #420000 it was 25 and it is cut in half in the same way every 210k blocks (12.5 > 6.25 > 3.125 > 1.5625 > ...). it will continue until it reaches zero by which time the total number of coins in circulation can not be any bigger than 21 million due to simple math. which is why we say the supply cap is 21 million.
these new coins are then entering "circulation".

so far about 632k blocks are found and 18 million bitcoins are in circulation.


Title: Re: If the price of bitcoin increases
Post by: hatshepsut93 on May 29, 2020, 06:01:16 AM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

You probably read some articles or conversations that speculated that in the future Bitcoin's cap might be increased if the community will decide that it's needed. There is some truth to it, because technically it can happen, but right now we have absolutely no idea if it will happen or not. So far no one is seriously talking about increasing the cap or making Bitcoin inflationary. And such chain would create a network split known as a fork, so if not everyone is onboard, then there would be multiple competing versions of Bitcoin.


Title: Re: If the price of bitcoin increases
Post by: Wexnident on May 29, 2020, 06:14:21 AM
"very" trusted sources I suppose. Throw them away, since your "trusted" source doesn't even know about the basic principle behind the code oof BTC. Simply answering your question, it can't and it won't. No one is basically capable of adding coins in circulation or in the unmined supply as of yet, and even if demand increases to the point that each BTC is worth a million dollars or even higher, the supply still would not increase. And no, even the creator of BTC wouldn't be able to just change the source code behind BTC and would not be able to increase the BTC supply. If you really want to see bigger numbers, just count BTC in satoshi.


Title: Re: If the price of bitcoin increases
Post by: DoubleEdgeEX on May 29, 2020, 07:02:45 AM
Did you got your info from Goldman Sachs? ;-)  Sorry, but the cap is integrated into the source code of Bitcoin so itīs impossible to increase itīs number.

You should also keep in mind, there is a huge demand of Bitcoins on the OTC market, that means people buy coins with them every seeing an order book. That way the price stays the same but will become highly volatile as soon as those coins hit the market on an offcial public exchange. You may hear about the decrease of Bitcoins on exchanges. this is the reason.

Investment company Greyscale currently goes nuts on buying BTC - https://cointelegraph.com/news/grayscale-is-now-buying-15-times-the-amount-of-bitcoin-being-mined 



Title: Re: If the price of bitcoin increases
Post by: Leviathan.007 on May 29, 2020, 08:58:45 AM
Bitcoin's total supply is fixed and will stay fixed forever. There will be only 21 million bitcoins in the world and say many businessmen said, soon, having one bitcoin will be a great with for everyone in the world. Actually this is one reason why the price increases during the time.
Because of lack of supply and too much demand and according to the supply and demand theory. If demand increases people should pay more USD/Fiat to buy bitcoins. Simple rule.


Title: Re: If the price of bitcoin increases
Post by: pooya87 on May 29, 2020, 09:21:09 AM
Sorry, but the cap is integrated into the source code of Bitcoin so itīs impossible to increase itīs number.

it is not impossible to change the bitcoin supply cap and it has nothing to do with the code.
however, it won't change only because it is one of the main principles of bitcoin and everyone using bitcoin wants it that way so it will not change.


Title: Re: If the price of bitcoin increases
Post by: roman100 on May 29, 2020, 12:06:56 PM
The demand for Bitcoin is constantly increasing. At present almost all countries of the world are aware of Bitcoin. Day by day people are leaning towards online income. Many online sites are using Bitcoin as their payment system. Gradually the whole world will learn more about Bitcoin. I don't know if your data is accurate, but the demand for Bitcoin will continue to grow.


Title: Re: If the price of bitcoin increases
Post by: Oasisman on May 29, 2020, 01:25:33 PM
When the max supply of 21,000,000 is reached, there's no way these numbers are all present in the circulation considering there's a lot of Bitcoin that has been lost and cannot be recovered, stucked in a forgotten wallet.
Also, when the supply is at max cap, the demand would most likely to increase as we're going to experience a scarcity of supply, and every fraction of Bitcoin costs multiple times more than the price today.


Title: Re: If the price of bitcoin increases
Post by: Pffrt on May 29, 2020, 02:14:50 PM
If the max supply changes with no changes in other things or changes in other, that would not be anymore bitcoin, that will another shitcoin which we have a lot at this moment. People used to believe BTC as the store of value because it's not unlimited.


Title: Re: If the price of bitcoin increases
Post by: passwordnow on May 29, 2020, 02:22:35 PM
Who's your trusted source? you should check the information that person told you because it's completely wrong. The current supply of bitcoin in circulation isn't 21M but it's the fixed supply to be mined until (est.) 2140. The bitcoin in circulation[1] is around 18.4M and that's in the current time, we don't know how many of those bitcoins are no longer accessible because of the people who lost their wallet.dat and private keys.

[1] https://www.buybitcoinworldwide.com/how-many-bitcoins-are-there/


Title: Re: If the price of bitcoin increases
Post by: The Cryptovator on May 29, 2020, 02:50:40 PM
I think OP need to learn bit more, you have lack of knowledge about bitcoin. No one able to create new bitcoin more than 21 million. This supply has been fixed when code was deployed on the blockchain and the total supply will mine completely on 2140. More bitcoin circulation adding continuously by mining reward and it will increase up to 21 million only, when it will reached 21 million then mining reward will stopped. According to CMC circulating supply is 18,388,656BTC  (https://coinmarketcap.com/currencies/bitcoin/)and you will noticed there 21 million maximum supply. Just keep in mind there will no more supply will add than 21 million. If satoshi want to add more than whole blockchain should replace by fork. Means the blockchain will be totally different than current bitcoin blockchain which isn't possible either.


Title: Re: If the price of bitcoin increases
Post by: pawanjain on May 29, 2020, 04:52:07 PM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
Bud, I think you should read the bitcoin whitepaper first before you post any question on this forum.
The supply of bitcoin is fixed and nobody has the right to increase the supply.
Nobody has the control over it and most importantly nobody will ever support an increase in supply of bitcoins since it will create a chaos.
Bitcoin is known for it's anti-inflationary and limited supply. Increase it's supply would just destroy it's cause.

So just an advice, please read about what bitcoin is and also use the search functionality of this forum before you post any questions.


Title: Re: If the price of bitcoin increases
Post by: Sanugarid on May 29, 2020, 04:54:11 PM
I'm too doubtful of your account OP, then I checked your profile and noticed that you only came here to this forum for the social media campaigns. I've seen your post stuffs, almost all of them are only weekly update social media report on a campaign and Application forms, lots of application form. It seems like you're not here really for bitcoin, with so much activity on your account, you could've have learned if not everything, the basic ones to understand what is bitcoin and its environment. You could've not ask silly question like this, you could've just searched it and understand it to yourself. Obviously, you lacked of knowledge about bitcoin. This forum is progressive enough not to answer question like this IMO.


Title: Re: If the price of bitcoin increases
Post by: ReiMomo on May 29, 2020, 05:21:57 PM
The maximum supply of bitcoin will never change and the market cap is 21 million if it exceeds it will bring pandemonium in bitcoin space. Once we reach the market cap a new fork may be created but will never have an addition on it like providing lower denomination to suffice the needs on the demand.

I guess you are just new and I understand that there are still lots of questions you have in mind about bitcoin because the main idea of your thread is really far from the truth and the articles that you have read gave you so little information at all.

You might want to read the bitcoin white paper as well in order for you to have the correct information and basic knowledge about bitcoins.


Title: Re: If the price of bitcoin increases
Post by: shield132 on May 29, 2020, 07:52:27 PM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
In this situation, demand increase supply increase. In this situation demand increase = value increase because we have limited supply. When there is limited supply but demand rises, you can't just split it, instead, you increase its price and this thing becomes more valuable. When the thing is valuable, it's pieces have much more value too. So, as a result, if 0.00000001 worths 0.000094 USD right now, it may be worth 0.094 if demand increases 1000x and this number will go so on. Of course, this isn't accurate calculation cause I wrote it just for example and no one knows what will happen to USD or btc and in overall how bitcoin will be able to handle even 10x more demand.


Title: Re: If the price of bitcoin increases
Post by: rathaha10 on May 29, 2020, 11:59:43 PM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

I think there's a mix up on either how your trusted source conveyed the information or how you perceived it because bitcoin has a fixed supply of 21,000,000 coins and no other coin will be created after that. Although, that's not the circulating supply and to clear things up, bitcoins are not being added to the circulating supply when there is increase in demand, it is being added through mining processes.


Title: Re: If the price of bitcoin increases
Post by: Jonyshake71 on May 30, 2020, 04:30:06 AM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.
and the My question is very simple ...
Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
bitcoin circulation is fixed. Not going to change, No matter if the demand of  bitcoin get increase or decrease.  You are with bitcointalk since 2017 and i wonder, you don't know about it yet! And what do you mean "trusted source" mate?  You shouldn't believe anything until your own investigations.


Title: Re: If the price of bitcoin increases
Post by: tbterryboy on May 30, 2020, 08:24:23 AM
Maybe it is possible to increase the supply, but there are no such plans to do that yet. So, from that I can say that once the twenty one million coins are mined, and the demand keeps increasing, what's going to happen is that the price of Bitcoin will keep on increasing to be enough for all the buyers. I know that some have claimed that it wouldn't be enough, but that's not true. There are people who are trading Bitcoin every day.

So, no matter what happens, you will always be able to buy cryptocurrency whenever you need it. The only thing is that the price will keep increasing as the demand keeps increasing and when the demand starts dropping it will also drop in price and you must look for making use of "drops" to get benefits even in short term. You may opt for long term holding to get maximum benefits. Long term = years involved.


Title: Re: If the price of bitcoin increases
Post by: madhavsinghrajput on May 30, 2020, 06:55:53 PM
Firstly you need to change your source of information. Supply of Bitcoin is fixed,If anybody in the world could increase the supply or has the right to do Soo than he or she would be one the richest person in the world. Secondly the volatility and high price that you see now would be impossible if the supply could be increased.This you can see in Fiat market also as the company with greater volume are lesser in price as compare to compare to companies with lesser volume.
 


Title: Re: If the price of bitcoin increases
Post by: alkuluku on May 31, 2020, 04:17:58 AM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

I dont think total number of bitcoins in circulation can be increased, cause it works on an algo and its already made in 2009 and it can not be changed.


Title: Re: If the price of bitcoin increases
Post by: UmerIdrees on May 31, 2020, 04:25:37 AM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

Since total amounts of bitcoins cannot be increased so if the demand increase, the price will increase too. That the reason there is no inflation in bitcoins. As the time passes by, more people will use bitcoins making bitcoins much more expensive.


Title: Re: If the price of bitcoin increases
Post by: supine on May 31, 2020, 06:37:22 AM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
Trusted source? But those source of information seem's like misleading and doesn't know how things work.
The supply is fixed there wouldn't be any adjustment because of the demand after all one Bitcoin could be divided into small pieces called Satoshi so we don't really need to get more than 21M supply.


Title: Re: If the price of bitcoin increases
Post by: Cesar22 on May 31, 2020, 07:17:26 AM
Bitcoin's supply cap is fixed. It can't be increased


Title: Re: If the price of bitcoin increases
Post by: carlisle1 on May 31, 2020, 07:52:25 AM
Bitcoin's supply cap is fixed. It can't be increased
actually its already decreased because there are many Bitcoin that has been Gone as other holder dies with their private keys,and other had losses they keys and cannot be recovered their coins anymore..

This is the reason why in time the price of Bitcoin will surely grows because of 21 million coins to be circulated now we maybe had 50-70% in circulation and some small percent still under mining.

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
Trusted source? But those source of information seem's like misleading and doesn't know how things work.
The supply is fixed there wouldn't be any adjustment because of the demand after all one Bitcoin could be divided into small pieces called Satoshi so we don't really need to get more than 21M supply.
all are speculative and nothing is certain until it happens,this is the problem if we are believing what others says without any assurance.


Title: Re: If the price of bitcoin increases
Post by: roman100 on May 31, 2020, 11:56:14 AM
I don't know if your calculation is correct. But I don't think there is any way to increase the number of bitcoins. Once the market cap is fixed then there seems to be no way to increase the number of currencies. Yes, it is true that the demand for bitcoin will continue to increase day by day. Every day people are entering the online world. It is true that the demand for bitcoin will increase day by day but there is no way to increase the number of bitcoins.


Title: Re: If the price of bitcoin increases
Post by: Janation on May 31, 2020, 12:03:05 PM
Who will increase the amount of bitcoin, if then the demand increases ??

No one.

The amount of Bitcoin will be increased by mining though the total supply will not be increased. If the demand really increases, that is enough to talk about adding supply since the higher the demand, the better the price. If you will be adding more to that supply it will affect the price and the demand, more importantly, adding supply will not happen. Just imagine a satoshi having a price of $1000, at that point, we don't need to add more supply.


Title: Re: If the price of bitcoin increases
Post by: LogitechMouse on May 31, 2020, 12:06:25 PM
~
Trusted sources?? I don't think that you will trust them this time as they are sharing the wrong information regarding Bitcoin.

The total supply of Bitcoin is fixed at 21,000,000. No one will increase it if the demand increases and that is why Bitcoin is Deflationary unlike the fiat currency which is Inflationary. Less Supply, More Demand = Higher price (Simple law of supply and Demand law).

Regarding your 2nd question, it is not understandable so I will leave it unanswered. Regarding to your trusted source, don't trust that stupid shit anymore.


Title: Re: If the price of bitcoin increases
Post by: Yamifoud on May 31, 2020, 12:17:06 PM
I understand that a person who becomes his reliable resources is also pretending to become reliable. I don't know if they are telling lies to you or you are the one who doesn't understand.

Anyway, it was sorry but I just like to clarify that 21 million is fixed, maybe it is not already at the exact amount because of many unrecovered wallets that have Bitcoin inside and lost. If we can remember last 2017 Bullrun, do we saw that there is a shortage of bitcoin supply? There is nothing and it because 21 million circulating supplies couldn't be mined totally. So there is no need to create another (million) Bitcoin.


Title: Re: If the price of bitcoin increases
Post by: stiffbud on May 31, 2020, 12:28:52 PM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
The price of bitcoin is high in the range of $10k is just because of its limited supply and if it were not the case and unlimited coins would have been minted then I dont think the same price would have been achieved by bitcoin.
And in future if there comes a condition that the developers would have to increase the supply of bitcoins then there would be 2 parties, one that support the increase of maximum supply and the other party that doesn't support the increase of supply. So there would be higher chances of a blockchain fork just like we saw in the past with ethereum and bitcoin itself.


Title: Re: If the price of bitcoin increases
Post by: Assface16678 on May 31, 2020, 01:21:32 PM
Is the source you are talking about is the supplier? I like that there is no supplier on the bitcoin that increase the market price and the supply of the coin all the time instead we have contributors first is the miners those are the people who mine a lot of bitcoin and they become rewarded half of the block, next is the investors or the people who bought a lot of bitcoin and sometimes they are the manipulators on the market because they have the largest contributors. Also the people like us that normally support the use of bitcoin on our daily transactions because it has a lot of benefits and advantages. By that, we can contribute a lot too not as a single person instead of a whole community.


Title: Re: If the price of bitcoin increases
Post by: Nhor1011 on May 31, 2020, 01:35:37 PM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
Bitcoin supply is limited and fixed to 21Million and this is known by the creator Satoshi that a limited supply will make it valuable. That means no one can increase the amount of bitcoin.The market demand can make the it more and more valuable. I think you need to learn the law of supply and demand and study the history and essence of bitcoins limited supply. Then i'm sure you will understand and able to answer your question.


Title: Re: If the price of bitcoin increases
Post by: DeadCoin on May 31, 2020, 05:15:56 PM
In my opinion, you have incorrectly gathered information from your trusted sources. Because I don't think they know anything about bitcoin, because if they really know something about bitcoin and even the basic principle of bitcoin, they won't give you the wrong information you know from them. Because the total number of bitcoin circulation is 21,000,000 it will not increase despite the increase in bitcoin demand. Because no one can add or subtract it because it is a fix And nobody can do it even the bitcoin maker itself can't do it. And while the demand for each bitcoin will rise, even if it is priced per piece a million or even higher, the supply of bitcoin will not change.


Title: Re: If the price of bitcoin increases
Post by: mersal on May 31, 2020, 10:48:33 PM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
Actually no one can increase or decrease the quantity of bitcoin, the number is fixed but mining all those 21 million bitcoin will take too much time like 120 years more even currently 85% of bitcoins were already mined due to halving rewards.If someone tries to increase the quantity then their blockchain will get void with other running nodes that is why blockhain is trustless and completely decentralized.


Title: Re: If the price of bitcoin increases
Post by: Utoy101 on May 31, 2020, 11:49:11 PM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

You probably got misinformed because the total supply of bitcoin is fixed however, the circulating supply isn't amd that's why we do see increase in the circulating supply from time to time especially through mining activities. The 21million total supply will remain like that forever no matter how much demands bitcoin sees in the future


Title: Re: If the price of bitcoin increases
Post by: Reid on June 01, 2020, 02:44:07 PM
I am more freaked out with your account rather than the question.

https://i.ibb.co/7RpQmPV/abc.png (https://imgbb.com/)

You've been here for quite a long time and you still didn't know about that. (21M BTC fixed)
And why is his account still a newbie?
Is it because the merit system was implemented right after his activity?


Title: Re: If the price of bitcoin increases
Post by: htsy585 on June 02, 2020, 02:32:24 PM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

Well, your information source is wrong. Bitcoin has a total supply of 21m and the amount in circulation is not up to that yet. Bitcoin is not being increase when demand grows higher rather, it is being added to circulation through mining activities. No individual or even satoshi has the ability to increase bitcoin supply just because he feels the demand got increases


Title: Re: If the price of bitcoin increases
Post by: adzino on June 02, 2020, 02:39:07 PM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
Who is your trusted source? I guess english isn't your first language, so highly likely you misunderstood the articles.
No, the supply is fixed. Even if the demand continues to increase, there won't be any change in the total supply. With the increase of demand, all we will be seeing is the price increasing. No one can "increase" the supply.


Title: Re: If the price of bitcoin increases
Post by: DdmrDdmr on June 02, 2020, 03:03:26 PM
<…>
Unless your trusted source was from August 15th/16th 2010, which might have brought on some stressful adrenaline pumps to the total number of Bitcoins at the time, then your sources are wrong, and should probably resort to finding more consolidates mainstream entities (or the search function here).

Anecdotally (from today’s point of view), for a gap of time under 24 hours (hours really until  there was a patch), someone managed to create a TX with 92.233.720.368,54277039 BTCs, exploiting (allegedly maliciously) what is known as the value overflow incident (https://bitcointalk.org/index.php?topic=822.0).

It looks like we overtook the bad chain somewhere around 74689.  0.3.9 and lower nodes have been responding with the current block number for some hours now.

That means it's no longer necessary to delete blk*.dat before upgrading.  You can just upgrade and it'll reorg away the bad block chain.

Thanks to everyone for the quick response!


Title: Re: If the price of bitcoin increases
Post by: pankaj1234 on June 03, 2020, 04:51:51 AM
Bitcoin has been the leading cryptocurrencies in this market with circulating supply if 21 million. If we see history of this coin price has been increased in over time. Now the bitcoin has been accepted by more people will definitely increase the price. Everything who has a limited supply will increase their price as world has been spreading. If the price of bitcoin increases it will be very difficult to buy bitcoin after some times. It will be a major currency for world in some years.


Title: Re: If the price of bitcoin increases
Post by: giammangiato on June 04, 2020, 07:03:26 AM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

sorry friend but it seems that they are not so reliable 😅, the btc code does not allow protocol to enter other btc over 21,000,000, this would lead to market inflation. My advice, you find many people prepared here on btctalk that on the web, you will find them only gurus of the situation who then turn out to be anything but gurus


Title: Re: If the price of bitcoin increases
Post by: PANK21 on June 04, 2020, 08:58:26 AM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
Can you please provide the link of where you got that trusted source and information. I assume you misunderstood what you've read. The 21,000,000 is fixed and not the circulation, it's the maximum supply cap. that means only 21 million bitcoins can be mine in total. Currently, total number of bitcoin circulation is 18.5 million so that means we they only have 2.5 million left to mine. Some articles also include that because people have lost their private keys or have died without leaving their private key instructions to anybody, the actual amount of available bitcoin in circulation could actually be millions less.


Title: Re: If the price of bitcoin increases
Post by: Nathanz on June 04, 2020, 10:36:42 AM
There are only 21 million bitcoin out there that are destined to be mined. It is fixed. Now, the price changes base on the demand for Bitcoin. On 2013, the value of bitcoin was low because at that time, Bitcoin wasnt really popular unlike now that everyone knows what Bitcoin is and so the demand is high as well. If the demand increases, the price increases as well.


Title: Re: If the price of bitcoin increases
Post by: FanFanMan on June 04, 2020, 02:01:01 PM
Finally there is the exact date of launch Chinese crypto currency! I highly recommend to read and make sure you wont miss it. Also curious about opinions how it can affect BTC price in long run? ???
https://newsblockchain.io/news/rumors-and-the-exact-launch-date-for-digital-currency-in-china


Title: Re: If the price of bitcoin increases
Post by: Skieleton on June 04, 2020, 05:29:57 PM
There are currently 18,413,175.0 bitcoins in circulation. However, the number changes every 10 minutes as the next block is extracted. At present, the prize for mining one block is 12.5 BTC.

2,586.825.0 bitcoins still remain to be mined and the end ... There is no string for more!


Title: Re: If the price of bitcoin increases
Post by: agf on June 04, 2020, 06:15:02 PM
As others have said, no one can change the market cap or artificially introduce new bitcoins when the last one has been minted. Also, I wouldn't want to be part of a network or project where the goalposts can be moved whenever people feel like it, because all intrinsic value would be lost.


Title: Re: If the price of bitcoin increases
Post by: kolbalish on June 06, 2020, 04:12:21 PM
The Bitcoin supply is fixed; there are no plans to increase the supply.

Market cap is fixed and there's no way that people would be supporting an increase of the market cap. Doing so would just dilute the current Bitcoin and increase inflation. The fixed inflation is a core feature of Bitcoin and it is unlikely to change. Even with changing demand, a Bitcoin would be worth more and people can buy a fraction of a Bitcoin instead of the full Bitcoin. If Bitcoin ever gets too expensive, we'll probably be able to do a fork to introduce more denominations.
Yes, agreed with you that the supply is limited and fixed. No plans to increase it.

Bitcoin price can be increased due to it's demand but the supply is fixed as I already mentioned.


Title: Re: If the price of bitcoin increases
Post by: UserU on June 06, 2020, 04:23:39 PM
Finally there is the exact date of launch Chinese crypto currency! I highly recommend to read and make sure you wont miss it. Also curious about opinions how it can affect BTC price in long run? ???
https://newsblockchain.io/news/rumors-and-the-exact-launch-date-for-digital-currency-in-china

Not a single bit, we already have those shitcoins. One more shitcoin to the list won't do anything.


Title: Re: If the price of bitcoin increases
Post by: FlightyPouch on June 06, 2020, 10:32:24 PM
It is actually 21M supply but the thing here is that there are those bitcoins lost so I think it is less than 21M now. Will it be still added? I don't think so, they will keep it the way it was since that is for the better of bitcoin. The less supply, the higher the demand and the higher the price. More inviting for investors.


Title: Re: If the price of bitcoin increases
Post by: Charles-Tim on June 06, 2020, 10:35:05 PM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

It is already said above, there is only 21 million bitcoin that will be in circulation after all are mined.

Who will increase the amount of bitcoin, if then the demand increases ??
So, nobody will increase the amount of bitcoin, the amount is still increasing in circulation now because not all are mined yet. The way it is increased in circulation is already in bitcoin white paper. And after all bitcoin are mined, no increamemt again.

Did they Is make this bitcoin, actually ??
Bitcoin was created by Satoshi Nakamoto, but this question is not well asked or baseless, you know bitcoin is existing and we use it like money and still asking if bitcoin was made.



It is actually 21M supply but the thing here is that there are those bitcoins lost so I think it is less than 21M now. Will it be still added? I don't think so, they will keep it the way it was since that is for the better of bitcoin. The less supply, the higher the demand and the higher the price. More inviting for investors.

Do not get this wrong, bitcoin total supply is 21 million and nothing can change that, the lost bitcoins will still be in circulation so far they are mined already, which means, they have suppied already.


Title: Re: If the price of bitcoin increases
Post by: tanjiran on June 06, 2020, 11:31:25 PM
I am more freaked out with your account rather than the question.
snip
You've been here for quite a long time and you still didn't know about that. (21M BTC fixed)
--
;D
In addition, I am more interested in the source of the article that TS read, is it really reliable? While we all know that the total supply of BTC has been determined and will not be added. Even if demand continues to increase, it will further strengthen the price of BTC when supply is limited, in accordance with economic law.

It would be better if TS also embed the link of the article he had read, so we can read and review it together. Is it trusted or not :)


Title: Re: If the price of bitcoin increases
Post by: FlightyPouch on June 06, 2020, 11:40:39 PM
It is actually 21M supply but the thing here is that there are those bitcoins lost so I think it is less than 21M now. Will it be still added? I don't think so, they will keep it the way it was since that is for the better of bitcoin. The less supply, the higher the demand and the higher the price. More inviting for investors.

Do not get this wrong, bitcoin total supply is 21 million and nothing can change that, the lost bitcoins will still be in circulation so far they are mined already, which means, they have suppied already.

Thanks for that explanation. I thought that if something was in hold, lost or forgotten are not included in the circulation. Well, that clears that up. But that lost and forgotten bitcoins in their wallet means that it could also affect the price positively, right? Thatis what I am going to.


Title: Re: If the price of bitcoin increases
Post by: MCobian on June 07, 2020, 12:10:59 AM
I think you got the wrong information, I became curious about the trusted source of information that you read. If it can be shared
Where do you get information from, because the mention of the total number of bitcoin can increase it's clearly misleading information.
Next time be more careful in looking for sources of information, I am also a little surprised by you, even though you are a newbie ranking.
But you are quite active in this forum, you should already know the truth that there is no way to increase the amount of bitcoin in circulation.


Title: Re: If the price of bitcoin increases
Post by: YOSHIE on June 07, 2020, 04:12:04 AM
and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
you have answered yourself from your question. You ask and you answer, good.

Did they Is make this bitcoin, actually ??
Bitcoin, one of the digital assets made by someone in 2009, with its pseudonym (Satoshi Nakamoto),
Bitcoin is a digital currency that has features and advantages in the world of technology or digital.

as example;
Bitcoin has a limited amount of only 21 million.
Bitcoin cannot be controlled by any government.
You can transfer bitcoin anywhere, ready and anytime, anywhere.
and many more advantages.


Title: Re: If the price of bitcoin increases
Post by: carlisle1 on June 07, 2020, 05:12:44 AM
I think you got the wrong information, I became curious about the trusted source of information that you read. If it can be shared
Where do you get information from, because the mention of the total number of bitcoin can increase it's clearly misleading information.



Which part is Misleading/mind please tell us what are you pointing out here because if not then you are the one who's telling us wrong here.

Remember that Without Proof everything will become hearsay and won't be trusted specially here in crypto space when every claims are either fud or lie .

Quote
Next time be more careful in looking for sources of information, I am also a little surprised by you, even though you are a newbie ranking.
But you are quite active in this forum, you should already know the truth that there is no way to increase the amount of bitcoin in circulation.

And it is not the Mount of Bitcoin circulating is the topic but the Price of Bitcoin,but anyway you are free to say what you wanna tell us but make sure that you read the OP first before doling such comment.


Title: Re: If the price of bitcoin increases
Post by: peter0425 on June 07, 2020, 05:21:49 AM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

Lol there will never be addition in the volume of Bitcoin,this is why Bitcoin is precious cryptocurrency and the most valuable.

I think in this part altcoin will Give help sooner,there are some alts that will cover the demand of Bitcoin so the circulation of cryptocurrency will always be covered and will not fail users.


Title: Re: If the price of bitcoin increases
Post by: UserU on June 07, 2020, 06:22:30 AM

And it is not the Mount of Bitcoin circulating is the topic but the Price of Bitcoin,but anyway you are free to say what you wanna tell us but make sure that you read the OP first before doling such comment.

Don't mind him, he's part of a signature campaign and those Merits were airdropped.

You'll find posts like these like dime a dozen here.


Title: Re: If the price of bitcoin increases
Post by: FIFA worldcup on June 07, 2020, 06:51:09 AM
Don't mind him, he's part of a signature campaign and those Merits were airdropped.

You'll find posts like these like dime a dozen here.

Mind it that he is a Sr. Member and in all those times he should have gain knowledge about bitcoins.
The price of bitcoin will increase once it cross 10500$ and stay above that level. Currently 10K is the resistance level but soon this will become a strong support for bitcoin.


Title: Re: If the price of bitcoin increases
Post by: Rafiqul on June 07, 2020, 05:09:10 PM
The total supply of Bitcoin can be 21 million. There is no way to increase it any more. The amount was specified when the code was placed in the blockchain. Mining can not be more than that. So I guess the source you mentioned doesn't really know anything about Bitcoin, either completely ignorant or a bitcoin propagandist.


Title: Re: If the price of bitcoin increases
Post by: bocyaj on June 07, 2020, 07:41:10 PM
There are only 21 million bitcoin out there that are destined to be mined. It is fixed. Now, the price changes base on the demand for Bitcoin. On 2013, the value of bitcoin was low because at that time, Bitcoin wasnt really popular unlike now that everyone knows what Bitcoin is and so the demand is high as well. If the demand increases, the price increases as well.

During 2013,the value of bitcoin was low due to the less investors and less knowledge about bitcoin by others.Now only 1/10 of people had not aware of bitcoin,so the price of bitcoin is purely based on demand of bitcoin by the investors and holding bitcoin also decide the price of bitcoin.Now bitcoin price is decided by demand and supply by the investors .


Title: Re: If the price of bitcoin increases
Post by: btc78 on June 08, 2020, 07:24:15 AM
I am not understand about bitcoin since long time

So there is no way that you need to stay here,because This forum titles Bitcointalk.org  and if you are not willing to learn about Bitcoin then  why still here?


As far as I know the number of bitcoins is fixed and cannot change. This is an important aspect.

21 million in total supply,but this amount already lessen because of lose addresses and other negligence from the Bitcoin owners.


Title: Re: If the price of bitcoin increases
Post by: imstillthebest on June 08, 2020, 07:40:10 AM
There are only 21 million bitcoin out there that are destined to be mined. It is fixed. Now, the price changes base on the demand for Bitcoin. On 2013, the value of bitcoin was low because at that time, Bitcoin wasnt really popular unlike now that everyone knows what Bitcoin is and so the demand is high as well. If the demand increases, the price increases as well.

During 2013,the value of bitcoin was low due to the less investors and less knowledge about bitcoin by others.Now only 1/10 of people had not aware of bitcoin,so the price of bitcoin is purely based on demand of bitcoin by the investors and holding bitcoin also decide the price of bitcoin.Now bitcoin price is decided by demand and supply by the investors .

2013's value of bitcoin is better than 2012 down to 2009 or on the year when btc was discovered but lets not forgot btc was already volatile that time , means the price can increase or decrease no matter what year we are in   . 1 percent over 10 people still dont know about btc? your estimation is too much  . for me i can say  4 percent of people still dont know if what btc is but involvement of people wont really have much impact on the increase on the price because some of them still sell and quit on btc


Title: Re: If the price of bitcoin increases
Post by: arwin100 on June 08, 2020, 12:15:16 PM
There are only 21 million bitcoin out there that are destined to be mined. It is fixed. Now, the price changes base on the demand for Bitcoin. On 2013, the value of bitcoin was low because at that time, Bitcoin wasnt really popular unlike now that everyone knows what Bitcoin is and so the demand is high as well. If the demand increases, the price increases as well.

During 2013,the value of bitcoin was low due to the less investors and less knowledge about bitcoin by others.Now only 1/10 of people had not aware of bitcoin,so the price of bitcoin is purely based on demand of bitcoin by the investors and holding bitcoin also decide the price of bitcoin.Now bitcoin price is decided by demand and supply by the investors .
1 percent over 10 people still dont know about btc? your estimation is too much  . for me i can say  4 percent of people still dont know if what btc is but involvement of people wont really have much impact on the increase on the price because some of them still sell and quit on btc

That's quite less number given but actually I believe this article is accurate https://www.buybitcoinworldwide.com/how-many-bitcoin-users/ since no one knows on how many bitcoins users around the world since in the first place anyone can create multiple addresses and I know some people doing this for fund security and we need more involvement as well education about how this thing work so that people will decide to stay and not to quit when the hype for their selves gone.


Title: Re: If the price of bitcoin increases
Post by: bearexin on June 08, 2020, 09:34:44 PM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
Maybe the devs can do that, and they must have thought about it by now. But I don't think there are any plans to do such thing yet. And moreover we won't be running out of supply, because every minute people are selling their coins, the same with those that are buying.

It is believed that there are more people making use of centralized exchanges than the decentralized ones. And when you check all these DEX exchanges you will see that there are lots of people selling, no matter when it is you want to buy, you will always find someone that is willing to sell. The only issue you might have is with price. But supply never runs. When the demand is increasing the price will also be increasing to fit in with the demand.


Title: Re: If the price of bitcoin increases
Post by: hulla on June 08, 2020, 11:28:01 PM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
Maybe the devs can do that, and they must have thought about it by now. But I don't think there are any plans to do such thing yet. And moreover we won't be running out of supply, because every minute people are selling their coins, the same with those that are buying.
Yes, the DEV can do that but i dont see it happen because i believe the only person that can change bitcoin protocol into a large total supply is Satoshi and if such case ever happen it will affect the price of bitcoin market. Besides, i dont see the purpose of halving either which was implemented to limit the number of new bitcoins generate by the network as a way of control inflation.
The chance of total supply increase is 9%.


Title: Re: If the price of bitcoin increases
Post by: Fredomago on June 09, 2020, 12:00:27 PM
As far as I know the number of bitcoins is fixed and cannot change. This is an important aspect.

Yups and the 21 million max supply is near to be mined,though it has been said that the final Bitcoin will be finished mining more than 20 years from now.


Thats why the price may increased high when that day comes.


Title: Re: If the price of bitcoin increases
Post by: Ifemini on June 09, 2020, 12:32:30 PM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

There will be no new minting of bitcoin total supply, also once we have the total cap of bitcoin circulating and more people demanding  for bitcoin, then we get to experience good high prices for bitcoin which is healthy for the crypto currency market.

Higher demand than supply means a bull run could be around the corner


Title: Re: If the price of bitcoin increases
Post by: Guryon_master on June 09, 2020, 07:34:51 PM
After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
Same rule apply with the fiat. It doesn't mean that you have to imprint more if the economy of your country is growing rather the value turn to another level higher than the way it used to be. if the time comes that bitcoin will be flooded with many users and investors it will affect the price positively but to add more number to increase the current supply won't help but will brings only negative effect.


Title: Re: If the price of bitcoin increases
Post by: hahay on June 09, 2020, 07:47:13 PM
Because of the limitations that make the price of bitcoin continue to increase and the supply of bitcoin cannot be added or reduced. With articles or whatever you read at least it becomes clear if the value of 21,000,000 BTC is a maximum supply and if demand continues to increase then of course that is something that is expected because it will continue to increase in price.


Title: Re: If the price of bitcoin increases
Post by: Kelvinid on June 09, 2020, 10:17:37 PM
I think OP didn't clearly understand the 21 million circulating supply or he is trying to ask if there is a way to increase it.
@OP, even it reaches into the time that 21 million market supply is already been mined ( less possible) I don't think Satoshi will make another Bitcoin. We have a lot of altcoins to reconsider and if that time will happen people will jump into altcoins. And that time, we can see another coin will dethrone Bitcoin. Though Bitcoin will reach to $50k or even more but the total circulating supply will remain at 21 million.


Title: Re: If the price of bitcoin increases
Post by: Oceat on June 09, 2020, 10:41:07 PM
I think OP didn't clearly understand the 21 million circulating supply or he is trying to ask if there is a way to increase it.
@OP, even it reaches into the time that 21 million market supply is already been mined ( less possible) I don't think Satoshi will make another Bitcoin. We have a lot of altcoins to reconsider and if that time will happen people will jump into altcoins. And that time, we can see another coin will dethrone Bitcoin. Though Bitcoin will reach to $50k or even more but the total circulating supply will remain at 21 million.
I'm sure OP did not understand because there's a fault on what the OP said, it's a misinformation that Bitcoin would be added more again. Everyone who understands Bitcoin know that 21 million is the maximum cap and there will be no plans on adding it, unless Satoshi wants to come back just for that.

Considering there are lost Bitcoin in hundred or thousand of different addresses and that would make the circulation getting smaller. Which means the price would rise if the demand is higher than the supply.


Title: Re: If the price of bitcoin increases
Post by: dongosquad on June 09, 2020, 10:53:28 PM
Because of the limitations that make the price of bitcoin continue to increase and the supply of bitcoin cannot be added or reduced. With articles or whatever you read at least it becomes clear if the value of 21,000,000 BTC is a maximum supply and if demand continues to increase then of course that is something that is expected because it will continue to increase in price.
So true. If we look at economic law when demand rises while supply remains, then prices will continue to rise. Logically, it is an action that is not appropriate if demand is high, then supply is increased, in fact, it can damage prices. Although there are many wallets containing hundreds of BTC lost or inaccessible, making coins circulating smaller, is not a good reason to increase BTC supply. This can actually be a good opportunity, rare items that are interested in many people are expensive, right?