Bitcoin Forum

So, if Bitcoin really takes off, we think we have an honest, state-free money.  No central bank, or anyone, can create bitcoins past the 21 million limit.

Correct?  In practice, no.

What Western central banks are doing now is getting us used to the idea of multiple cryptocurrencies being viable.  When they use their printed money to buy some new cryptos, their values go up.  

One simple example of how they can continue to expand their money supply is to have a basket of cryptos against which they 'manage' exchange rates with dollars, euro, etc.  Say, at first this basket contains 1 BTC, 10 ETH, and 100 LTC, and the Fed and US government have an official or unofficial policy of keeping this basket at the price of $100K, with a combination of keeping money printing and public debt under control, and selling the BTC/ETH/LTC in its vaults to scare savers away from moving their dollars into coins.

As time goes on, the Fed will want to create more dollars.  (As it always has.)  Then they will  buy up lots of new cryptocurrency XYZ (cheap) with their dollars, and raise the price of XYZ.  After XYZ has 'proven itself in the market with its technical superiority,' the Fed will add it to the basket, and the new basket will be priced at $120K.  Since the 'base money' has expanded by 20%, the number of dollars can also be expanded by 20%.

This is only one of many variations.  The Fed doesn't even have to declare a basket (as mentioned above.)  Whatever it buys will rise in value, and will become part of the 'basket'.  Whatever it abandons will die out.  It will have all the power.

The system will be no different from the early days of gold and silver standards, but with a new twist: there are an unlimited number of new gold and silver mines, and only central banks know where they are!

So, I'm still thinking that gold and silver, whose scarcity is secured by physics, rather than computer code, are the superior forms of money for improving our freedom from governments and bankers.

No doubt that cryptos can ensure some regulatory freedom as it is not limited physically like gold or silver. However, the unlimited supply of altcoins is not good for the overall crypto community. We are seeing new altcoins are popping up every single day and flooding the market where most of them are worthless and makes no sense to buy. This way the investments are getting divided into thousand fractions. If we had only a handful of altcoins with proper marketing plans and roadmap, that would be much beneficial for the crypto community. If we can't control this trend, then millions of altcoins will flood the market which will eventually bring down the worth and reliability of crypto currency market.

I'd agree, it's been a concern for me.

Other than faith, only thing that could really tie people to one or another is a major monopoly adopting one or another as I see it, e.g.: If people could only purchase food with pepes, then pepes would be 'the' coin.


Just not this part. I'd say they are far less practical to use as currency, but unlike crypto or fiat they have true inherent value.

I'm not sure there's such a thing as freedom in this world, at least not while one is to live in society.

Ive been thinking this thing too considering on the supply of cryptos compared on valuable asset or investment on this physical world. Even we would differentiate or compare it to local fiat currencies which do have still limited supply and creating one wont really be that easy unlike on crypto as long you do have the knowledge on making an altcoin then you are good to go which as being said it would divide potential investors or adopters because of thousands of new coins are popping out.

But the only problem is gold and silver, along with other precious stones and metals are being held secure by the Feds and the bankers, so that option is also a no-go for those who doesn't want to be controlled 'again' by these entities. Also, we are rather uncertain about the Fed's and the banks' involvement in several cryptos, but we cannot rule them out as again, these scums will take part in almost anything just to control the people. This is also a concerning thing about crypto since there's always a loophole in which these guys can fit in no matter how small it is.

Been pondering about these things in a while, and it seems that no matter how far we distance ourselves against these greedy bastards, they'd always find a way to get involved and control us.

The scarcity from crypto comes from mathmatics.  Physics which secures gold like you say is also a conceptual study at its core.  The physical reality makes gold have its current value.  Crypto currently has network effects, hashing power and intelligent community backing it - those a pretty decent things for 2017.  At some point in the future gold could easily become worthless via space travel or our ability to create gold properties with technology.

Bastards control us because we allow them to do so. Look how many people on the forum dreaming about the legalization of bitcoin. They do not understand that they themselves give themselves into the hands of these bastards? Maybe people have as Pets are accustomed to their controlled hosts and can't live without it?

Banks seem to struggle enough with baskets of currencies and stocks, where in theory it should be easier to explain price movements. It wouldn't make much sense to get into such a high risk area as multiple cryptocurrencies that have too many unknown variables. The whole market seems to be in an over-inflated bubble at the moment and when the music stops, the big banks need to be far away.

a lot of people keep talking about freedom in their money,no central bank and no goverment behind it,
but they forgot about the real value of Bitcoin itself and why it existed.
no matter what will happen,it will never replace our Fiat.
and with the time they will make a breakthrough,which mean someday they will be regulated all exchanger in order to track it down.
be realistic and stick to the plan.
no wonder many people said it's a bubble and a lot of people afraid of it,because the majority did not really understand how it works and what will it be

Their pump and dump might with small altcoins, but will it work with Bitcoin? There are quite a few backers of Bitcoin who will remain with it, even during a Central Bank dump. In your metals analogy, there are a lot of metals which central banks could buy, but that won't impact the price of gold.

Well you can't really blame someone for it since it's already embedded within our genes. Since the beginning of civilization, we have already submitted ourselves to someone of our own kind and have blindly trusted them because of their colorful words and promises. Dreaming of flexible bitcoin regulations is also one way of submitting ourselves to their own control, but can we do anything? We can't do anything but comply and submit. It has occurred to me that no matter how positive these regulations seem at first sight, it's still is another way of controlling and fucking us in the arse.

I don’t see your point here. For me, it’s not about dreaming, it’s about what will happen.

Governments do know about the existence of cryptos, so they only have two choices: 1) Regulate them 2) Forbid them. The third choice would be to leave them unregulated, but that’s not going to stay like that for a long time because it’s money escaping from the system.

If they forbid them, people using cryptos for non-criminal purposes become criminals and if they regulate them those same people are within the law.

There will always be paths to avoid control from the system. You can use fiat money to evade tax and commit crimes or to pay tax and run legal businesses. The same happens with cryptos.

So, I don’t see why you consider people who prefer legalization as controlled pets.

i really doubt anything remotely like that can happen.

you know the act of creating something doesn't make it good or even worthy of attention. you think you can create (as you put it) "new gold and silver" without any limit, but the fact of the matter is that you can not. what you will be creating is shit. that is why the term "shitcoin" exists.
when something has no usage, nothing to offer and is just copy, it is shit!

and in case limitless number of cryptocurrencies are created just to have that "new gold and silver" it is simply going to fail. you can't really paint iron yellow and call it gold.

Agree. Governments legalising Bitcoin and imposing minimal regulations is the best way forward for wide spread adoption. According to the governments, fiat money, legal tender, Bitcoin, illegal tender, so obviously when Bitcoin is converted to fiat, interference from governments is expected. It is inevitable.

Bitcoin is ideologically and technologically designed not to get accustomed to direct centralized policies and regulations so even though it will get indirectly regulated it isn't going to affect its decentralization and still Bitcoin users would be immune to the negative impacts of a flawed monetary system.

Bitcoin adoption has yet to reach to the point where governments would think twice about banning it. To the point where Bitcoin can strongly resist any harsh regulations from the governments without hindering its adoption. As far as governments take a Bitcoin friendly stance, it's all good, nothing wrong about legalization.

That is correct. Just if go and take some stone available in enough quantity and name it gold 2.0 and put a price tag on it, that doesn't mean that it people will buy that and essentially it will be worth Nothing.
Same will happen with the XYZ crypto in OP's situation, the government just can't control exactly the price of a crypto for that to happen they would need to own almost all of the crypto and if they own it all then there is no point of that crypto. A new crypto can't just be created to replace BTC, or to essentially increase the number of btc over 21 million.

Mate, you are quite right. I think the regulations if any, should be how to check some worthless cryptos flooding the market. The flooding of some of these cryptos in the market are debacle in the future of some of the valued coins. This could lead to a pulling down of the bitcoin or other coins. I really would not like to mention any name but definitely, we know some of them.

Truely, regulation is regulation no matter how loose we think it could come or be. A loose or small regulation ,cumulates into another to a bigger one and bitcoin starts getting affected, off course would lose it intent of freedom.

Look man, if it makes you feel better, just look at these things like this: no matter what we do, no matter how hard we try, and no matter what currency gets invented that may look like the most amazing one that has ever been made, we will still be enslaved by the feds and banks. We will never ever get their chains off of us. So better to just accept that fact and ride along so we can enjoy rather than thinking too much about things we cannot control nor change.

Your theory has valid points, and some may refer it as conspiracy theory as well. When bitcoin started to get momentum there were many conspiracy theories against it. What you mention is just one way of big banks and finance houses to turn the table in their side. Of course they may be working other ways as well.  These kind of basket tricks are for those who are too much greedy. People who are in bitcoin and have strong believe in it will stay away from the alt-crypto.
Talking about other crypto that is alt-crypto, there were many attempts to replicate the success of bitcoin but noone succeed. There are some coins which claim to be the rightful heir of satoshi's true bitcoin theory. However people still have confidence in the bitcoin. Thus there are less chances of bitcoin getting affected that much with this.

I agree into your point on which it would be always been part of our life into this kind of position on where feds and banks would really enslaved and connected to us.No matter how you strive you cant do anything and you are really just stressing yourself out.

Gold, Silver and other valued metals will always have a place but there are reasons why we stopped using those forms as payment. It's very uncomfortable to go to the grocery store with those metals. The chance of being robbed and losing allot of money is very high. Getting payed in these metals only risks being robbed of your entire paycheck whilst driving/cycling/waking home. The metals are very heavy.

Maybe the invention of teleportation will revolutionze the monetary system in the future as blockchain is doing now? You could directly teleport paychecks, valueable metals etc!
Or maybe at some point we will just outgrow this childish thing called money and think of something better.

I still contend that the value of gold and silver can be manipulated. It is known that metals markets involving aluminum and other materials are manipulated by traders. There isn't a market which exists that is immune to overvaluing/undervaluing to manipulate price.

One key thing that is missing in precious metals to raise its price higher is a function of utility. If someone owned a 100 lb chunk of pure gold, they couldn't do anything with it other than sell it to redeem for fiat. Precious metals in that sense, lack options. They can't be utilized for electronic payment, earning interest, they can't be used to buy or sell. Metals are lacking the type of utility people have come to expect in the mdoern age where goods/services can be bought or sold in seconds with the click of a button.

One natural evolution which could happen eventually is gold backed crypto. That could eliminate one of the advantages fiat has over crypto in terms of being backed by collateral.

With the internet and technology advancing, there must be a way gold & other precious metals can evolve like a pokemon into a superior form.

I think gold and silver will go off the chart if the crypto currencies are hiked by half of the population on the earth. Don't forget that Feds can not cap the crypto market by any sense due to decentralisation and at least I don't think that will happen throughout the world. It just don't work like that and crypto still have to see the sunrise in it's all developments and features in the future. It will turn the world upside down if everything starts digitalising and then there will be world watching out for crypto to exchange it with digital assets and traditional assets. Then what will happen to your gold and silver nobody can tell.

The ones that are benefiting from what is happening nowadays with ICOs here and there and airdrops of coins that doesn't even have roadmaps and whitepapers are the traders. The traders would take advantage of the situation to have more coins and would still end up exchanging it to bitcoin so bitcoin is still the coin that people would choose over others because of its demand and price. The government see this as a threat to the financial system that's why they are trying to regulate it and even consider creating another cryptocurrency that they have control of so that they can still have control of the people which they may lose if the trend of decentralized currency continues.

Yes it is right that there are endless cypto I would already in the market and new coins keep coming every day and bitcoin itself is the king which has a number of supplies availability. If btc becomes very expensive in the time to come it is obvious that the alt currency which are very reasonable in price and provides functionality of btc will be used in coming time.

the supply of Gold is limited. The supply of metals and matter is not!

how does that physics law go in English! matter never vanishes, it just changes form.
you can make different metals or better say alloys but you can never make Gold! Gold will always remain Gold. Diamonds as Diamonds. if you create it, then it will be fake Diamond or "synthetic".

this is the same with your analogy. altcoins are being created but they are not doing anything so their existence changes nothing.

With the invention of bitcoin, the gate of a new world opened. This invention gave a new idea to the whole world, the concept of digital currencies. Ideas have larger impact than inventions. Because of the ease that we can have by converting our paper money system into digital currency system, new crypto coins will keep on releasing with time and bitcoin will always remain at the top as it is available in very limited amount.

The law of conservation of energy only works in a closed system. For example, if the ground will fall the rain of Golden meteors that the price of gold will change. Who can know that this will never happen. The availability of alternative coins stabilize the situation in the cryptocurrency market and have a positive effect on the protection of whales. Hard to play cards with gamblers.

Thank you all for many thoughtful comments.  I'll try to respond to some individual comments, but here are my answers to the major points you raised, plus some clarifications:

1. I believe it's likely that a system reset is underway that will result in a big wealth transfer to holders of Bitcoin and other favored cryptos.  If you look at a diagram of financial crises around the world for the last few hundred years, the totally fiat money system since 1971 has been the most unstable period of all, with the possible exception of the interwar years that included the Great Depression.  The elites likely know better than us that this system has to go, but they are of course not going to publicize this fact until it's too late for the average person to profit from it.

2. Altcoins can't be dismissed -- even if few people believe in an altcoin, the initial buying by central banks will give an incentive for investors to buy in.  This is not the same as trying to make money out of iron, as the supply of iron is too big, while the supply of any one altcoin is limited (or at least more limited than fiat money.)  This incentive actually works the same across all asset classes, bank deposits, real estate, bonds, stocks, etc. -- state power is used to prop up favored financial assets artificially.  It's how the elites get their power and wealth, and there's no reason things should be different here.

3. I also don't think altcoins will be so dominant that Bitcoin will suffer a major loss as a result.  To the extent that the elites need to move public perception in favor of cryptos, they have to maintain confidence in Bitcoin most of all.  The favored altcoins will rise and fall more sharply than Bitcoin, but their long term return will be better than Bitcoin (assuming all coins will go much higher than today) -- after all, there has to be an incentive for investors to buy into altcoins.  The goal of the elites will be to keep capital diluted among different coins, but not so much as to quickly expose the 'infinite-altcoin' underlying reality which would risk destroying the entire scheme.

4. I don't agree with the idea that the elites will always control things and that all we can do is to submit.  First of all, it's not either total freedom or total control, but somewhere in between.  We have some control over exactly what system takes shape.  Yes, it'll be a long term struggle, but the best method of resistance is to understand the system and pass on the knowledge.  E.g. there was no reason for Britain and the US to join World War One.  If Britons and Americans had understood that the real purpose of joining the war was not to defeat evil Germans but to effect a successful transfer of monetary and imperial power from Britain to the US, some of them would not have been singing war songs, and things might have turned out differently.

5. My personal thinking is that an effective method of resistance is to try to profit from the system by using good understanding.  Since deception and lack of knowledge are a major support for the system, if the elites can no longer depend on this, they will have to adjust to make the system more beneficial.  E.g. if we all jump on the assets we think the elites are supporting (but of course never betting enough to get hurt badly,) the resulting instability will help expose the nature of the system to the public, and help move long-term history in the direction of freedom.

With both cryptos and precious metals, what we're really looking for is a store of value.  It's really not desirable, if possible at all, to use a distributed ledger based system as a means of exchange for everyday purchases, with every transaction verified and recorded on every copy of the ledger.

In fact, precious metals would be a better means of exchange, a role they served for thousands of years.  The reason they don't serve it any more is the same reason marijuana has been illegal until very recently: even though an artificial product has many side effects, the natural product gives less profit to the government and corporate elites.

We're not going to get total freedom or total slavery.  The reality will be somewhere in between.  Exactly what it will be like, is up to what we do and what we understand.

If you're referring to the old gold and silver standards, yes, it was still a form of elite control and exploitation.  But that problem exists (or will exist) for both precious metals and cryptos.

Cryptos have the added problem that the elites' power is enhanced by being able to use new cryptos to expand the money base.

When it comes on possible manipulation or involvement then these metals investment or assets would really be include i don't think they would able to such thing on crypto knowing its decentralized but would rather they would create their own centralized coin which they could able to make control of it.Supply of bitcoin is limited which cant really be compared on gold or metals assets on this world.

The Western imperial elites have been good at:

- Divide-and-conquer: there are usually large nos. of people who benefit temporarily from their scheme, so these people are on board, and it's just convenient that they don't understand how money really works.  E.g. the entire populations of Britain and the US were on board to inflate national-financial bubbles that lasted for more than a century each.

- Analytics: you can't prop up a fundamentally weak asset or country.  So usually the asset or country the elites choose to work with and inflate have some inherent strength, but is not strong enough on its own to succeed.  It's the combination of this elite partnership, and inherent merit, that allows an inflation scheme to succeed.

What you said it is correct but we are still very far to reach that point, when the dollar falls of grace as the world reserve currency the next question is what to do then, and economist have suggested what you are saying using a basket of fiats and creating a new world currency as a result, so what you are saying makes complete sense but you are too early, I do not think that is going to happen in decades or even in 50 years.

what you are saying here is only half correct.
half because you brought bitcoin inside it! exclude bitcoin and your statement here will be 100% correct.

you see bitcoin is different. it is known among many as THE cryptocurrency. nobody knows the altcoins. that is why we call ALL of them altcoins. it is like this: "bitcoin and the altcoins". that automatically categorizes them.

so think of it like this: supply of xCoin is limited but supply of all altcoins is not. that is actually one of the reasons why most altcoins just struggle to gain any foothold.

New alts were developed and launche every now and then that's why its hard to choose among alts which is much better, but btc from its launched it have a fix supply amd we will know it's valie depending on demand. Though both were good to jave, just be careful on what alt to consider.

To be blunt, mainstream economists have mainly existed to serve the ruling elites.  They were in favor of the gold standard when it was operating, but are now almost totally against it.  Both times, they were saying what the elites wanted to hear, at the time.

World reserve currency is essentially a bubble that is propped up by the elites.  The nature of bubbles is that you don't know when and how it will collapse, but you know it will, and that you know the elites and their mouthpieces are always going to be saying everything is fine, before the collapse.  So accurate information of this nature is hard to come by.

It is also possible that the emergence of Bitcoin has given the elites an opportunity to deflate the bubble preventively.  Something of that nature happened around 1985 when a hard landing of the dollar was prevented by a combination of talking the dollar down and forcing Europe to inflate and making their currencies unattractive.

A basket of fiat currencies is what economists always talk about (assuming you mean the SDR issued by the IMF,) but we have no history that shows success by a reserve currency issued by a centralized authority without the help of a unified imperial power.  Through 500 years of modern history, global imperial currency has always been a combination of state issuance, precious metal backing, and support by imperial power.  Over the last 45 years the currency itself went totally fiat, and I don't believe this condition can last long.  Of course, the politicians, economists, and bankers are always going to say it will last forever.

All the points are valid and no second argument about this as supply of bitcoin is limited because supply is depending upon the user demand as the demand increases the supply is increased from the organization where as other crypto supplies are not limited because they produce a lot but user are in low amount and this makes it effect less as bitcoin user are in millions.

The thing is, we do not even know if Bitcoin is going to be the coin which survives all of this. It is actually unlikely that Bitcoin would be here in 20 years, given how many altcoins offer improvements to the underlying technology. When something is better, usually it becomes more popular. There is no difference in that logic here. If something else comes along which is greatly improved then it will take precedent over Bitcoin. A case could even be made for Ethereum in this regard.

Most people discuss cryptocurrencies by assuming there is a free market in this money.

Modern history is fundamentally driven by elite manipulation of money and debt.  See my explanations here (https://bitcointalk.org/index.php?topic=1566727.msg15721737#msg15721737) and here (https://bitcointalk.org/index.php?topic=1314385.msg13442038#msg13442038).

It would be naive to believe this is not happening to cryptocurrencies, as they have the ability to replace state-issued money and take the power from the elites.  The elites will either suppress cryptos or use them to enhance their power.  There is no in-between.  They are not going to let market forces decide the fate of cryptos.

So far it looks like they are taking the latter approach.  And I think the reason is that there is no limit to the supply of cryptos.

Yeah it is limited but you can use multiple crypto as currency right bitcoin becoming a currency is possible the only issue the supply is limited using crypto is possible only if the supply available is sufficient for everyone and easily accessible

Yes bitcoin supply is limited that's the reason why the value keeps fluctuating because the price depends on the demand of bitcoin in the market. Cryptos somehow is also limited because developees cannot creates unlimited cryptos there is always a limitation for it.

I think they will not just print out a lot of dollars since it will damage the economy and other than that if they think of controlling the market thru that then they are not alone since others would want that also like China (and also big businessmen out there who also want to invest) hence no once can control the marlet since it is well distributed worldwide int he current time and even more in the future which would not be possible for them anymore. In the case of another cryptocurrency other than Bitcoin then that might be possible.

Do not get me wrong I know they are bought, I was just pointing out the direction they want to go, and we may show to them that has never existed and that is not going to work but those people always think they know better, in my opinion there are only 5 scenarios possible

In the first scenario, there is no reserve currency and each country tries to hold the currencies of other countries similar to what China and Russia are already doing, in the second scenario a basket of currencies is created and a new world currency is created, neither of these scenarios are going to work.

The third scenario is the one you presented in your first post, the fourth is going back to gold and silver and while you believe more in this scenario what it is going to happen when we get access to the technology to explore the space and get as much silver and gold as we want? I think humans will have at some point to create their own scarcity somehow and bitcoin show to us how we can do it.

And the fifth scenario is chaos, which is terrible but I will not discard it.

I don't think we are anywhere near the level of development where one can really consider strip mining asteroids, etc. By the time that's viable, it would probably be a post-scarcity economy anyway.

Nice analysis.  Another strike against a basket of fiat currencies will be that, if we get to that condition, by definition, fiat currencies have already been discredited: the dollar is discredited by definition, and the other major fiat currencies, having been engineered by the US to live in the shadow of the dollar over the long term, have an even more exposed history of debasement.

But, you never know.  The elites might try it, and it might work for a while.

All five scenarios assume a reactive approach by the elites, i.e. waiting for collapse to happen and then trying to make a change.  But cryptos, being still at such a low price compared to gold, allow them to be proactive.  Without too much damage to the reputation of their system, they can engineer inflation that will more quickly eat away the value of the world's debt.  That will achieve a long-term stability of their system, as compared to the ad hoc measures to prop it up a short while at a time today.

The Holy Grail of the global elites has always been to engineer slow but constant inflation to eat away savers' wealth over the long term.  This will help drive people into risky assets which will help inflate the system and benefit the elites and their allies.  But, yes, they want to be careful not to do too much money printing.

For example, compare the purchasing power of $1 100 years ago versus today, and it becomes pretty clear.

There is also the chemical creation of gold.  Alchemy has succeeded in the modern age!  But this requires radioactive reactions that are currently too expensive.  This effectively puts an upper bound on the price of gold.

This is a thoughtful post, thank you.


The manipulation of gold and silver is an order of magnitude more important than that of commodities.  Gold and silver are at the center of our system, and so their manipulation is absolutely necessary if central banks are to keep people from running away from their issued currencies.  The entire gold- and silver-standard system that was run by central banks for centuries until 1971 was an overt manipulation.

After all, who would trust unlimited-supply money as a store of value?  Especially when the issuers have many incentives to issue more?


Selling the gold for fiat allows you to buy anything you need, with one extra step.  When store of value is at stake, other considerations tend to fade into secondary importance.


So, this goes to the heart of the design of the system.  It's nice to have convenient features in a money system, of course.  The question is, who controls them, who profits from them, and how that power affects the world.  The perverse incentives built into the state-bank alliance that runs our money system basically ensures inequality and war eventually, since deception, bubbles, and geopolitical conflicts are required to keep the system stable.

The economic progress of the world over the last centuries is real, and so is the spread of wealth.  But I submit that this growth of wealth would have come about anyway, since the source of this wealth is real technical advance, not elite-controlled money.  The Italian Renaissance was achieved without state-controlled money, before the state-bank alliance took control of every empire afterwards.

Not if the central banks decide to promote it!

"No central bank, or anyone, can create bitcoins past the 21 million limit."

Oh yes we can.  Bitcoingold, Bitcoinsilver.  We can fork this stuff till hell freezes over and that is a big hole in the system.


"As time goes on, the Fed will want to create more dollars.  (As it always has.)"

And so will the scammers who are taking over bitcoin and inflating the supply with these bogus forks.


"So, I'm still thinking that gold and silver, whose scarcity is secured by physics, rather than computer code, are the superior forms of money for improving our freedom from governments and bankers."

Right you are,   after thousand of years gold/sliver/copper are still holding value and bitcoin (AKA compute code) is already being corrupted and manipulated into being just another fiat.   It's looking like it was too good to be true after all.

It would be easy to pump and dump and manipulate altcoins price since it has very small marketcap.But same is not the case with bitcoin as it has very big marketcap.Also,it has user base globally and not in the control of a single country like china as earlier.If the central banks try to dump bitcoins,then they would be the ultimate losers as their dumped bitcoins would be immediately bought due to huge buy wall.

But since altcoin markets do not have a significant impact on the economy or banking sectors,they would not try to manipulate it.

I'm in the camp that is inclined to that theory, although I struggle to see much difference with Bitcoin - or crypto, for that matter. Other than the creation of a very small group of new global elites, mass adoption is now being preceded by the introduction of the current elite - the Sir Bransons and the Wall Streeters who among them can easily acquire (and already do) the majority of coins. Every new person I know who has bought Bitcoins have stopped at that.

"Oh yes I finally bought 10 bitcoins and they're safe in my <insert centralised web wallet name> account."
"It's amazing isn't it? I bought $20,000 last year and they're worth more than $100k now."

And the foundations and organisations are moving quickly around the world now, working with the elite, as elites, regulating and trying to assert control over crypto.

Its expected to banks and countries get into bitcoin, wich could push the price very high, the same way they can adopt another currencie and make us to moove into it without know, the good thing at crypto is you can jump out anytime as the coin has volume to make it happen. But yes those bastards will find a way to join crypto, i havent heard nothing from Japan, but its pretty sure they are storing bitcoins already, since they legalized it the price hasnt stoped to grow... and who know if they havent already buying it before make the announcement.

True, the fundamentally inflationary nature of the system will never change, as long as the state-bank alliance holds the ultimate key to power, money.  And Bitcoin will just be another way for them to hold the key.  From their point of view, it's actually easy to argue that Bitcoin is a *better* key than fiat -- and that's why they're really promoting Bitcoin.

That said, the global system working with a non-state money, like gold or Bitcoin, is more stable and more slowly inflationary than a totally fiat system.  (And that is the benefit for the elites, in the long run.)

Still, I totally agree with your basic point (if I'm reading you correctly) that it is always an elite-controlled inflationary system, whether gold, fiat, or Bitcoin.

Now we know why the forked altcoins never die!  Bitcoin Gold is worth US$300 now...  The MO is to bribe the current coin holders with new coins, and keep inflating.

The more supply of coins in future, the lower their price will have to be to be useful to the elites, and the less embarrassing to the dollar.  (Current coin holders will do OK as long as they hold on to their forked coins.)

I know this is a pretty common and understandable feeling.  My two major points in disagreement would be:

1. Every bit of extra understanding by the public is an extra bit of progress.  Believe it or not, what we have today is progress relative to the old days.  Western elites can't levy taxes or go to war without political consequences.  That they must *pretend* to support free-market ideals in order to benefit from asset issuance, and to defeat enemy regimes that *don't* pretend, is a mark of progress.  What we discuss here is not completely in vain.

2. It's ultimately about much more than losing money.  It's about economic and social pain at the bottom of the imperial system (where most professional in the West are near the top,) a Western culture of alienation and psychiatric and drug problems, pollution, terrorism and war.  Since the core of the world system (money) is corrupted by the top global elites, everything in life which must flow from this core, is affected.

Bitcoins has a limited supply,  as they are synthesis at a slower rate, bitcoin are highly volatile because of it unavailability also.  Everyone wants to hold a bitcoin but for that they need to buy it.  The unavailability and lack of bitcoin create price hike and the other ways by which bitcoin are generated are mining,  mining is easy but it's need a lot of time.  I believe the reason of bitcoins to be the most famous and popular among other cryptos is because of its limited supply.  Although other crypto are not as famous.  As altcoins are very abundantly prese they do not have any shortage of supply,  their demands is therefore not as high.  I think this is another point which make bitcoin better than other crypto currencies.

Baskets or tied money have been around a long time.
the ECU is often forgotten.
All CBs will eventually issue their own cryptos, they're just playing a waiting game.
The volatility of BTC is only matched by the volatility of fiat currencies (those of us tied to GBP painfully know that - and the vol is definitely against us.
The only options, I see, in the future, is everyone actually creating / owning their own baskets, with XAU included.
XAU is heavily held by CBs for a good reason. They will continue to hoard it, and only sell when overstocked / market price is sky high eg Swiss CB several years ago.
John Reade, the strategist at the World Gold Council, is a good person to watch follow for XAU. He's worked at investment banks, HFs and now the World Gold Council, if you want someone to follow for Gold advice; I used to work with him and thoroughly recommend his unbiased opinions.

It gives us the reason why we want to earn bitcoins more. More miners and earners the more it will limited its supply and in that reason the more rises its price.

I'm badly need to it also. I have limited income even if I've working in a company.

Yes it is but as of the rates now bitcoin has a value ike truck and users find it hard to cover all that rates by the value of it. Buying one bitvoin cost more than a car for some.

That's why there's a lot of altcoins because the price of bitcoin keeps increasing and the fee is higher so miners are changing to other alts that will give them profit just like what happened to bch.. there are coins that are real cases and limited supply.

That's correct, bitcoin is now priced more than a sedan car in my vicinity and so people will find it difficult coming to terms with buying one bitcoin outright and so it's limited supply is what also drives its demand and pushes for the growth in value.

The demand for bitcoin is increasing on a daily bases and that will significantly affect bitcoin value positively.

I get the point of the title of this thread that the supply of bitcoin is very limited but the possible supply of the cryptocurrency is not because as you can see that the cryptocurrencies are keep on popping up like a mushroom and now they are everywhere with different kind of vision and projects but only a few of them are real because the rest of them are just scam.

It remains to be seen though, whether CB cryptos will be a limited-supply hard money, or will be a blockchain-enabled, glorified way to distribute paper money.

Also, it looks like what we have today is the opposite of the 1860s-70s.  At that time it was a contraction of the money base, by abandoning silver and having all advanced economies move onto gold exclusively.  That was because the then dominant empire and Bank of England had gold but not silver.  It was the best way to preserve and even expand imperial power when Britain's real-economy output was beginning to be out-performed by Germany and the US.

(If you think Germany and the US listening to Britain and abandoning silver was foolish beyond belief, today's non-US central bankers are not much better --Napolean was probably right that bankers have no allegiance to their home countries.)

Today we have an expansion of the money base, or so I predict.  Before Bitcoin appeared, the central banks had nothing by way of hard money.  They had spent their gold and been playing with derivatives to stem the rise of gold, and their totally-fiat money had created the most financially unstable period outside the interwar, Great-Depression decades.  

The CBs and establishment economists would of course talk gold down, but they know better than anyone that they need a monetary anchor, and quick.  (Hence the stratospheric rise of Bitcoin.)  Since they have nothing to start with, it benefits them to have as broad a hard monetary base as possible -- so it's not surprising that forked Bitcoins as well as altcoins are all surviving and rising.

The Great Convergence of 150 years ago is now the Great Divergence.

But they must walk a fine line.  If Bitcoin's value is diluted too much by altcoins, the reputation and hence value of the entire crypto-as-money scheme is at risk.  If Bitcoin is too dominant, the room for their future power is limited.  So, we have something of a middle road: all major altcoins go up, but Bitcoin remains dominant.

Yeah, that is the sad reality in this world there are powerful entities who want to rule and make us their  puppets and slaves. The struggle is on and as a person who belong to the lower social status in the society our only solution against greed crocs is blockchain technology. I disagree if people say precious stones and metals are in limited supply because scientifically it has unlimited supply not only in our planet earth but to the entire universe. Those valuable assets are transfered from one planet to another through asteroids and meteoroids that is why if they come to our planet it will be deposited on earth but most of the precious stones and metals are terestrial. The only problem is governments, they don't want us to have it unless we pay tax. Tax is unfair for a less fortunate people like me that's what make poor people worst and rich become richer. Bankers also want to control cryptocurrencies but what make it interesting is that crypto's are using blockchain technology which is  decentralized, has privacy and transparency so there came the new hope to those who want to have financial freedom.

BITCOIN HAS a 21,000,000 fixed numbers and cannot be mine anymore! this is FIXED thats why everyytime a human knows bitcoin and invest on it its a sure addition to demand and give bitcoin a +value, while in alts cryptos some coins are minable most have billions of token and hundred million even the demand is high theres no much push on the price because of the quanity of the token available in the market .

Fiat money (as we have today) is not the only way for the imperial elites to control the world.  (In fact, I believe it's one of the less desirable, from their point of view.)

Remember, before Bitcoin, there was silver and gold.  Those are decentralized, anonymous, and limited-supply too.  What the elites did back then was to hold enough precious metals to sell them at a fixed paper-money price.  This was effectively a suppression of gold and silver so the elites could continue to print money and debt.  (It was called the 'gold/silver standard.')

But they lost most of their gold this way, and don't yet want to embarrass themselves by 'pegging' to gold and silver again, at a price high enough to maintain stability, which would be much higher than today.

After Bitcoin (and cryptos) has risen to a high enough level, the elites will do to it the same thing they did to gold and silver.  This has been my whole thesis of why Bitcoin and cryptos are allowed/driven to go up.

           Wow is that only your own analysis brother? Iu do also have a point, and it seems that it maybe true. This is not yet sure but as i have noticed those you mentioned above about those precious metals, it is also kinda familiar to me the styles and how did they manage to get their hands to it. Its only my assumption.

Yes but doesn't that makes crypto a bit more controllable and practical to be used as a daily means of transactions? I understand that this would mean centralization but it would also ensure that people are not ripped of in case of hyper deflation due to bitcoin prices surging upwards. I mean this can be looked forward as a positive trait in cryptos.

Thanks for the fresh perspective.  I understand your point of view.  It is easy to fall into the trap that elite-controlled money is meant to benefit the public.

The problems of elite-controlled money started with the elites' desire to use state power to prop up the values of their issued money and debt artificially, to give themselves unearned wealth and power, and are today coming to a seismic clash with reality, in the form of social and political strife, pollution, terrorism and war.  The latter are the ultimate fruits of elite money, due to the perverse incentives inherent in their system.

The pain of deflation, historically, has been a product of economic distortion.  The artificial rise of asset values driven by elite money always distorts supply and demand (from free-market conditions.)  So there are too many livelihoods dependent on supplying luxuries to the lucky.  Whenever the values of the inflated assets go down (which you would normally consider a healthy adjustment,) the demand for these luxuries crash, and livelihoods are lost.

Which is not to say the pain is not real, but the entire condition is effectively an addiction -- the status quo is not sustainable, and yet any break from it is painful.

The appearance of cryptos might provide a deep reset of their system, and we might enjoy decades of prosperity and peace (much as the world enjoyed for a half century after the start of the 'international gold standard' in the 1870s.)  But make no mistake of the inner nature of the beast -- it is fundamentally no different from fiat money, and time will expose it, as it exposed the gold standard.

We are just wondering why the price of bitcoin go further than of altcoins. And we can say, is just because of bitcoin limitation? Yes that's true, we nearly approaching its ceratain limitation but it could be hardly be mined right. Because of its limited in supply now in the market, a big possibilities that it will continuously goes up. And besides bitcoin is highly in demand in the market compared to altcoins.

Nice presumption and i do agree on that things that you do explain on here. Elites would really find a way to control over things because they do have already the motives on their mind regarding on the plan that being already set out incase they would able to succeed. They might regret for some actions but they would really need to take the risk for the benefit or success of their own plans. Just like you do illustrate on Gold/silver, there would really be regrets but they dont take it seriously since they are already benefited and now they would possibly jump in again on new era which they can see that theres money involvement.

As I may have mentioned somewhere, the elites have to walk a fine line.  They want to promote altcoins which will increase their ability to inflate money in future.  At the same time, they need to keep Bitcoin in a dominant position, or else people realize 'the supply of Bitcoin is limited, the supply of cryptos isn't!'  and their entire crypto-as-money scheme will be in danger.

There is a good chance that the elites not only need public faith in Bitcoin to support their system, but they also need it fast.  Transitions like this can be tricky.

I agree. The high number of altcoins (new tokens, to be specific) is not good at all in crypto-world. Yes, there are only 21 million bitcoins available once all BTC are mined, and I think that's good. The limited number of bitcoin is an example of a healthy cryptocurrency since it will allow people to ask for its demand, thus making it to continuously circulate in the market. That's also one of the reason why the value of bitcoin is rising up until now. The law of supply and demand is being followed by it, and more people are embracing the bitcoin movement. :)

On the other hand, tokens with high supply is one of the things that a bad altcoin possess. By law of supply and demand, once a product has very high supply, and doesn't match with the damand, the tendency is that its value will depreciate. People who owns such tokens/altcoins will have a hard time to sell their coins since there's a lot of supply out there, and the worst thing is that they will be dumping these coins for a long time, and as time passes by, it will lose its value because there is no smooth flow of it in the crypto-market.

prise increase of bitcoin is due to the demand (i.e more people are buying it) its not about the miners and earners. @op yeah the supply of bitcoins is only limited and it will soon run out but it will take more many years for that to happen. though there were still many options and alternatives that we can use if there were no bitcoin to mine and earn.

It is true that the supply of bitcoin is only limited for about 21 million but the supply of other cryptocurrencies is not. There are many other cryptocurrency out there that have the potential to grow more and develop. That may happen in the future and may surpass the capability of bitcoin. In that case, we can still earn money through cryptocurrencies even though if the bitcoin's supply will run out.

Other crypto currencies are helping bitcoin to gain it's price. Think of it as bitcoin being the gold and other crypto currencies as the fiat for each country, they have their own purpose and are just basing their prices on bitcoin because they have their own purposes and use.

Yes the supply of bitcoin is limited to 21 million and other crypto currency have their own supply limit but they are not affecting each other. Alt coins can only affect bitcoin price whenever people prefer to have that alt coin instead of bitcoin but the number of their supply can't affect bitcoin.

crypto wasn't just represented by bitcoin itself,although bitcoin is the pioneer and supreme doesn't necessarily means hes the only coin that can make this community alive,thats why theres lot of coin created after btc to have alternative to have another option when time comes all bitcoins has mined.so what we need here is let the other alts improve progress and rise so if the time comes we can still continue this process without only bitcoin dictating the market

Yes it is true that the supply of bitcoin is limited and the reason is I think the production cost and mainly the electricity, because in many countries the electricity is very expensive and the miners cannot produce so much bitcoins. That’s why the supply of bitcoin is limited. Now the other countries where the cost of electricity and other elements are low people are looking to that to start mining bitcoin.

Yes i really agree with that statement because Blockchain is a technology that runs crypto.
There are also so many crypto available other than bitcoin like ETH, Zcash, Litecoin, etc. So don't worry If bitcoin coin would mine full of 21 millions than we would have BCH and BTG, ETH and many more

Their own 'purpose and use' is to drive speculation and inflate crypto assets.  As I mentioned in the original post, that is the method the elites use to keep and grow their monetary power.

Even Ethereum, which claims to have a unique functionality by incorporating code execution into the blockchain, could use Bitcoin as its store of value.

Yes I agree that supply of cryptos are not limited and developers can always make another coin to introduce in the market though they cannot add the limited supply of bitcoin still they can make a coin to divert the market of bitcoin and somehow help it to maintain the circulation of cryptos in the market . I know like me many people are hoping that the number of supply of bitcoin can be increased so it can sustain the market demand and declare to be the worlds main currency

The key question, to me, is who will have power in this system.  The more types of altcoins survive, the more power the elites have.

You don't know which cryptos to invest in.  The elites do.  Whatever they promote (by buying) will do well.

The more this happens, the more the crypto-based system will be like the 'fiat' system.

BTC is limited to 21 Million and also with controlled supply that mean 21 million will only be achieved in 2140. This is the positive expect of BTC. Unlike other pre-mined coins BTC is totally decentralized and price is only be controlled by users. Whereas pre-mined coins always have danger of having excessive supply at any time in order to control its price which is the biggest drawback.

Geez that post blew my mind away. You make a compelling argument and I can't think of a reason that can't happen. But one thing is that if it does happen at least crypto well be live and well it will be a different ball game from now. I gotta start getting on gathering precious metals together now  :D

Thank you.

Now is probably a good time to get some gold and silver.  It's worth buying what has been kept artificially low and has a decent chance of breaking through the suppression.

If the elites succeed in using cryptos to drive inflation into the economy, it's hard for me to see how precious metals won't keep their purchasing power, or better, one way or another.

Being supply limit, only 25BTC will be rewarded after solving a block which will soon be reduced to 12.5BTC after 420000 blocks been solve. So Bitcoin supply is very well managed and limited.

What you say is all nice and reasonable, but if my theory is correct, that the entire crypto market (including Bitcoin) has been promoted by the Western elites from day one, then altcoins are not a free market, and are only a tool for the elites to further consolidate their power.

That is because altcoins can create as many coins as they want, with the max supply as they want.
There is no fixed "supply" for all the other altcoins.
So yes, and the forks are unlimited too, but bitcoin will always have the 21 million.

You are right. Now, many more coins had been rising. Sometimes, this situation make me confuse to choice coins which good future. So I always join in bitcoin, although bitcoin is limited :) I hopefully that bitcoin always rising in every time :)

The real reason the supply of Bitcoin is limited, though, is to prevent some power center from abusing the system by issuing money and gaining 'free' wealth and power.

Bitcoin having limited supply is a factor in favor of going up.

I barely think that crypto currency are helping out the fait currency to grow in the value. Because these currencies are completely different part of the economic system and fiat resides at one part. The things is fiat will rise in the value only if the people pay back the taxes on the profits that are earned with the crypto currency. These taxes later on can be added as value to the government circulation and that can lead to healthy economic system. Do you know that when there is need that arises for the government to print more money then it means that it is actually not managing the fait balance properly. This could really lead to demonetisation of the current in first place and then financial crisis. So whatever you saying here is just 50 percent right but crypto's are not really helping the fiat in anyway yet.

The bitcoin supply is limited only to a 21 million bitcoins but every day new crypto currencies or altcoins are entering the crypto market and all altcoins are extendable and an upgraded version of bitcoins.

The way that cryptos will potentially help the 'fiat' system is, as implied by the OP, that the elites will peg their currency against cryptos to strengthen it.

Yes, printing money can be a sign of financial stress, but it's part of the consequences of the current system.

indeed cyrpto money has no rules on limiting the amount of circulation, this would make it difficult for some banks in the world to make crypto become real money if the local government doesn't make some rules for its own country.

Well on the very beginning of the era of bitcoin scarcity or limited supply of it is a reality but as per the price right now be based I think bitcoins supply wouldn't be limited and if it would keep on increasing there's no doubt everyone in the world could have even a quarter of it.

The supply of all cryptos isn't limited because of so many crypto are in the market right now and every day, weeks or months there is a new coin and plus of so many supply of a single coun just like Rippple or Siacoin we couldn't have a scarcity on supply of cryptos.

Many ico projects are now being developed, and the price of bitcoins is rising, and the cost is higher, because the bitcoin supply is certain. Other ico projects make people more aware of BTC and invest in bitcoins. Other ico projects need time to prove!

From the global elites' point of view, heavy regulation of cryptocurrency would be counter-productive and unnecessary.  Market manipulation (i.e. buying/selling coins and futures with anonymous accounts) is much more effective -- it controls the price of coins without it appearing that the elites want Bitcoin/cryptos to go up or down.

The elites will get what they want much more effectively with price manipulation (that they let us assume are free-market movements) than with regulation.  I think this is why crypto regulation in the core countries of the world system (the West, Japan, etc.) has been light.

This also points to my long-held belief that the elites want cryptos to go up over the medium to long term at this point, rather than down.  If their long-term goal is down for Bitcoin, or if they want to kill Bitcoin/cryptos, then heavy regulation, co-ordinated among major countries, would not be a bad choice, and they should definitely be working hard on that by now, if not earlier.  If their long-term goal is up, then using regulation would be a clumsy way to control the price.

The problem with non-scarce money is that, at some point, people will no longer trust in its value.

True there is no limited supply of cryptocurrencies. There are so many new cryptocurrencies being made and that means even more money being pumped into the crypto market and there is no limit when it comes to the money that can be made in the crypto market.

You're right. There are way too many cryptocurrencies in circulation in the world because that will make it harder for crypto adoption as an accepted method of payment because there isn't a single one. Now a lot of people are just creating coins and using them to scam people and make themselves rich instead of its original purpose as a currency

I think that is why the elites are manipulating crypto prices (and I do believe they are!) so that Bitcoin always has a much larger market cap than any other coin, at least for now.  They don't want the whole crypto market to collapse due to the problem indicated by this discussion.

Even more evidence that the Western elites are behind Bitcoin and cryptos!

Good idea A great deal of truth in these words. But the world is developing, technology is moving forward. I think it's worth trying to get cripped into the world so that in the future it's not a pity that you miss such a chance.

Obviously you are very right with your statement. There are hundreds of crypto currencies available in the market  like bitcoin, etherum, litcoin , bitcoin cash and more more , I don’t know the names even the other names of crypto currencies. So this statement is somewhere correct that the supply of bitcoin is limited but crypto isn’t, because crypto currencies are infinite and to that of bitcoin is limited but still the supply of bitcoin is still a lot into circulation and could never be end to a very great time.

The thing is that sooner or later, people will realise that most of the crypto on the market are just there to suck money into their schemes, and some are even completely centralised and do not have a decentralised network at all.

These alternative cryptos are obviously no different to what Venezuela is pitching right now, the Petro.

I agree that gold and silver will continue to be good store of values and be highly regarded as an asset to store wealth, but bitcoin is definitely a viable option as well. It's just that people right now are looking at crypto as a whole as some sort of money making scheme, which is part of the reason why there are so many useless cryptos out in the market. I'm a firm believer that bitcoin will be seen as the one of if not the only useful crypto that is out there.

That's right, the bitcoin offer is limited. Plus some of the bitcoins are lost forever. But all this does not mean that the price of bitcoin will go up in the near future. So far, the decline continues...

True. Aside from the limited supply, you have to consider the lost coins that you can't get again. Even if crypto currencies are generated by a computer code it is still a limited coin. It doesn't mean that it is unlimited. We could always see market caps and such. If it is unlimited then decentralized or no, it will collapse. 

To translate into reality and reality will really be difficult because of the contradictions of people in the world, and if we consider only the country, then the government is a significant factor of influence. The greatness is not very interested in enriching their people in this way.

I realize your post is months-old, but it's on the money.  Metals are investments at this point, and they're not really good ones at that.  People say they're a hedge against inflation, but as with everything else, it depends on the price you bought them at.  There are people who bought silver in 2011-12 who are still waiting for the lifeboat to arrive so they can get out from under water.  Even if you bought gold or silver now, it's quite possible that in 5 or 10 years the price could be much lower.

The unlimited aspect of crypto has turned a lot of investors off, I think.  There was a big finance guy--I can't remember who, maybe Buffett--who said basically what OP said.  Bitcoin is finite, but there's nothing stopping anyone from making their own coin, and they are.  In great numbers, no less.  There's got to be a limit at some point, I would think, because computing power, electricity, and interest keep people from mining every coin in existence. 

And if you look at the dead coins on yobit, it's already clear that most coins lose their appeal to people pretty early on.  There's just no need for them, and it takes interest in them to keep them alive--which is why I think bitcoin and a few others are viable long-term.  They have the community and the interest to keep their blockchains alive.

Why are you thinking so negative? Bitcoin is going to increase in value by the end of the year and we all know that this happens every year. The mid of the year is really tough time for all the crypto currencies including bitcoin. As far as the lost bitcoin are concerned, they could not be tracked down but the limited number of bitcoin makes bitcoin prices go so high when all would be mined out. I have positive hopes.

Bitcoin is just one of many kind crypto in market. Many different cryptos in market with different project. Indeed bitcoin have limited supply and thats why bitcoin price always increasing and more expensive.
Gold and silver is safe investment and more popular in our society. But we live in digital world right now and bitcoin is more safe and reliable than gold in we using it for transaction

yeah, gold and silver price increases very low and will take a lot of time will bitcoin increase every year and really have a huge potential to surpass its current ath price.

Everybody can mine crypto and that is the reason that supply of crypto is quite good, but the demand for crypto is low and due to this the price of almost all cryptos are very low. Now many people say that cryptocurrency is fake and has no future. You will lose your money and waste your time if you invest in crypto, but in don’t believe in it. One day people will trust crypto.

With many various cryptocurrency in market, investor have different choice and i think its healthy for market. If peoples have trust on bitcoin, the price will remain high and if peoples not trust anymore, the price will fall. I think its normal in any market because market more fair to determine the price

The market has been issuing different kinds of encryption, and it feels like there's no end to it. Although the total amount of BTC is limited, encryption has been issued all the time, which will also have adverse effects on the market.

I think it is some strategies that bitcoin makes for us. 21 million is enough for real time. But if you look in the future it must be more. Maybe in a few years, it will become about 30 million. It will be enough for the new people who invest in it.

More cryptocurrencies may be used in the future, but the government does not allow widespread adoption of these cryptocurrencies.
The government also needs to maintain control of its legal currency!
Banks and financial institutions are creating their own private cryptocurrencies to fight against cryptocurrencies such as Bitcoin!

maybe this is what causes bitcoin can soar. but all also depends on demands. when supply is limited, but demands still low, it's the same. only at the beginning of its appearance, supply bitcoin already has a limit and along with the demands that continue to rise, making the price of bitcon to rise to the moon.

According to one factor that makes the price of coin market is the supply and demand, this refers to the market balance, so if there are limited supply of bitcoin then the price value of bitcoin will rise or goes up, while when the supply of cryptos is abundance or many then it  goes that the price value of cryptos will falldown or getting low.

Probably oneday, some of the cryptocurrencies possibly alternative would take the bitcoins please on the market top, but as for me this day would not came very fast. Near future seems to be the same as it was before.

Governments are cheaters that is the lesson we must learn and never forget, while I like gold and silver and those two elements were the main form of money for thousands of years governments found a way to cheat them and even if someone tried to establish a gold standard it will fail since governments will always try to get some unfair benefit and this same principle applies to bitcoin and altcoins.

The fact that there is a certain amount of bitcoin, it is certainly a big plus for the coin. This is fundamentally different from Fiat money, which can be baked, there would be paper ))) But I care about the fact that today there are a lot of unnecessary coins in the crypto-currency market, called altcoins. It's rubbish. How to deal with it and what will be more difficult to imagine.

People for today understand the best opportunities of not limited incoming. If I was working for a company I had stability in my money. Sure I can and much more here working with Bitcoin.

I don't think so, 21M for life ;)

I don’t really get what you are saying here🤔 does the central banks buy crypto? Sorry I don’t think so man,  they don’t have anything to d9 with it. Bitcoin is only being invested in by the people,  that’s we and the central banks has nothing to do with it.

Unless you’re trying to say the whales, cause they are the ones that are always pumping thr price and dumping. And of course,  bitcoin will stop at 21 million and that’s still a long time from now,  and then are also lots of crypto in the market.

That was good read. It is very scary though and it could really happen in the future. But I'd like to stick to crypto currency that precious metals like gold and silver. I mean it hasn't brought me down yet. But I'd take your advise and be wary. I mean it's always smart to prepare for the worse. But then again, I'm no expert in this matter.

Fair enough! Buy no mater how many crypto does the market issues, what maters is the project on the back of the crypto issued. Bitcoin being limited is something that is a type of shortcoming because we can have up to 21 million Bitcoin and non after that but I hope another 21 million Bitcoin could be added to the current stock as well. I have heard so that the number might rise. This will rise the demand as well and we might have the Bitcoin growth very rapidly.

For you to not be afraid or scared for the future then don't depend on one source of income only and try to do and build multiple streams of income so you will not become afraid or scared of downfall of one of your sources of income because if you will not do diversification then you will suffer the consequences of that risky decision.

Bitcoin supply is limited but that doesn’t make other cryptocurrencies to be better than it. We haven’t even reached the limit yet, which 21 million and that’s a huge number. And one other thing you should know is that as there are people buying Bitcoin, there are also people that are selling their Bitcoin out, so it goes in a circle. If you want to buy Bitcoin there will always be enough for you to buy.

But going for real-time shares very well popularity. More more people believe that they can mine and earn with Bitcoin. For real time I am using mining too.

That's why there's a lot of altcoins because the price of bitcoin keeps increasing and the fee is higher. Many miners are changing to other coins that will give them profit faster than BTC. There are coins that are real cases and limited supply.

Exactly. You are scared because you have a single source of income and if there is failure is lost all.
So you should give yourself the opportunity to make other money to increase the income
Income earning opportunities are distributed by group
Then invest in finance.
If you win, you have: profit
And if it loses then it is a lesson and then again from the beginning.

Yeah many people now are mining small coins. The reason is the demand of bitcoin. In these days the supply of bitcoin is high and the demand is low and that is the big reason for fall in the price. If the supply for bitcoin was low the price will be very high but we see that the price of bitcoin is too low and is on the way down. Today the price is less than $6000.

Yeah it is good to think of the cryptocurrency in this way for us to avoid expensive transaction fee being made from the banks and other centralized establishment. But one thing that we will going to miss is the service of these people for whenever there is a problem in the transactions no one will assist for us to do it and if you commit a mistake then you could never undo any transactions being made. This is how why cryptocurrency is not yet being adapted but these banks nowadays are thinking of this already since it will be another multi million business.

Today people want to use every method of earning Bitcoin. It depends on your personal way go to choose to get your money. For me many ways are comfortable.

That is like you making your own fake dollar and then going outside telling people there are more dollars now. Yet your dollar would be even more worthless.
It's like making copies of the most visited websites and then claiming you are taking their market share.

that's what has been designed on bitcoin since the beginning, that the supply is limited to 21 million. while newly emerging altcoins have no supply limit.

Very true point I think. The banks can just look around for new "assets" to buy in order to "back" their currency. Sure, bitcoin is capped at 21 mil, but there are always new ones that they can gobble up and then use that as a reason to keep printing (or issuing a digital version) dollars.

The only thing I see holding them back is risk of snapping up an unworthy coin. Or being tricked into snapping up an unworthy coin by someone who knows exactly what they're doing. This could cause a bit of chaos as the coin collapses or turns out to be a ponzi scheme...

Basically there are so many chances and opportunities that are being provided by bitcoin. People from different backgrounds and different educational skills are continuously entering into this world. How can one become so ignorant to not be agreed to earn money from this reliable source. Anyone who came here had something good as results. Good luck to everyone.

It's not clear for me on how crypto currency is actually backed up. A friend of mine already explained it and it ended up me just nodding. But what i known is, all crypto currencies, Bitcoin and otherwise, have a limited number of coins. They don't create more and if they did, they price will dip to correct the inclusion of new coins.