Mandoy (OP)
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Aurox
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July 04, 2016, 03:16:21 AM |
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Bitcoin has a limited supply and the users are constantly growing by numbers. The dwindling supply of bitcoins versus the increasing demands of consumers will lead to the shortage of supply and may lead to the total failure of bitcoin in the future. It is possible that it my happen so enjoy your bitcoins today since it may not be there tomorrow.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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xhomerx10
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July 04, 2016, 03:30:20 AM |
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Bitcoin has a limited supply and the users are constantly growing by numbers. The dwindling supply of bitcoins versus the increasing demands of consumers will lead to the shortage of supply and may lead to the total failure of bitcoin in the future. It is possible that it my happen so enjoy your bitcoins today since it may not be there tomorrow.
You know, if you substitute "fresh water" for "bitcoin" you might have something there. I would be more apt to believe that increased adoption of bitcoin which might lead to a shortage of supply will cause an increase in value of bitcoin rather than its demise. Do you have any data to back up your assertion that these events will lead to its total failure? Also, can you suggest ways in which we might enjoy bitcoin today in case it isn't here tomorrow? I'm always looking for new ways to enjoy my bitcoin! |
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drazah
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July 04, 2016, 03:33:37 AM |
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Its also possible that it just follows correct "supply and demand" and everything turns out fine.
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groll
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July 04, 2016, 03:42:13 AM |
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Bitcoin has a limited supply and the users are constantly growing by numbers. The dwindling supply of bitcoins versus the increasing demands of consumers will lead to the shortage of supply and may lead to the total failure of bitcoin in the future. It is possible that it my happen so enjoy your bitcoins today since it may not be there tomorrow.
This may sound interesting but theres no evidence backing up your claim. It may hard for me to believe your assumption. On the other hand the possibility is slim since there are always new to bitcoin. Supply problem today may not be a problem tomorrow. But even though I do not believe you I am always being ready just in case I am stocking other alternative currencies. |
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electronicash
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Eloncoin.org - Mars, here we come!
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July 04, 2016, 03:46:37 AM |
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Bitcoin has a limited supply and the users are constantly growing by numbers. The dwindling supply of bitcoins versus the increasing demands of consumers will lead to the shortage of supply and may lead to the total failure of bitcoin in the future. It is possible that it my happen so enjoy your bitcoins today since it may not be there tomorrow.
its the opposite that will happen actually. 1 bitcoin has 8 decimals and it can even be divided by thousands so supply isn't a problem so long as the value is good. and the god news is the the more demands, the higher the price will be. also, no shortage will happen since there are lots of altcoins available for everyone. |
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DannyHamilton
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July 04, 2016, 03:49:14 AM |
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Gold has a limited supply and new people are being born every day. The dwindling supply of gold versus the increasing demands of consumers will lead to the shortage of supply and may lead to the total failure of gold in the future. It is possible that it my happen so enjoy your gold today since it may not be there tomorrow.
Fixed that for you. |
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MingLee
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July 04, 2016, 03:58:55 AM |
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Bitcoin has a limited supply and the users are constantly growing by numbers. The dwindling supply of bitcoins versus the increasing demands of consumers will lead to the shortage of supply and may lead to the total failure of bitcoin in the future. It is possible that it my happen so enjoy your bitcoins today since it may not be there tomorrow.
its the opposite that will happen actually. 1 bitcoin has 8 decimals and it can even be divided by thousands so supply isn't a problem so long as the value is good. and the god news is the the more demands, the higher the price will be. also, no shortage will happen since there are lots of altcoins available for everyone. That's actually a good point. What everyone seems to be missing is the fact that Bitcoin is heavily divisible and thus it isn't something like fresh water or gold; there is always a tangible yet visible number that can be incredibly small, and can be spread out among a large number of people. Considering if Bitcoin hits $1,000,000 a coin Bitcoin would have a rough market cap of $24,000,000,000,000, which is still a believable number and something at would fit within today's economic system (should Bitcoin be desired that heavily), and every Satoshi would be worth $1, the value ($24T) is large enough that no country would be able to buy all of it, every country would only be able to buy most of it, and there would still be a lot left over for the average person. I think there is enough for most people and the supply is big enough. Worst case you add more decimal places if Bitcoin goes >$9.999m/Bitcoin. |
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asriloni
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Leading Crypto Sports Betting & Casino Platform
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July 04, 2016, 04:04:03 AM |
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seems people expecting the price rising too much when they're all holding the bitcoin and gonna sell it all massly at the same time when halving just happen,price rising is not that easy to be happening and mass selling will only result price falling,just hope people know it
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akogwapo14
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July 04, 2016, 04:12:23 AM |
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Bitcoin has a limited supply and the users are constantly growing by numbers. The dwindling supply of bitcoins versus the increasing demands of consumers will lead to the shortage of supply and may lead to the total failure of bitcoin in the future. It is possible that it my happen so enjoy your bitcoins today since it may not be there tomorrow.
Yeah its limited supply but many people interested in bitcoin and they adopted it as a new currency. The supply and demand of bitcoin will affect the value of it. If the demand of bitcoin increase the value also increase. if it still many people believe in it there is no reason that bitcoin be failed. |
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Junko
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July 04, 2016, 04:17:04 AM |
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Well, seeing as how bitcoin is divisible down to 8 decimal places, I think I will be enjoying bitcoin even more as the supply "dwindles".  |
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RoomBot
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July 04, 2016, 04:23:11 AM |
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Well, seeing as how bitcoin is divisible down to 8 decimal places, I think I will be enjoying bitcoin even more as the supply "dwindles". Yep, it's going to "dwindle" to 21 million..... ZOMG. |
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Enotche
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July 04, 2016, 07:05:44 AM |
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Perhaps you forget that one Bitcoin is a 100 million indivisible units.
21 million coins - a little more than two quadrillion (2,099,999,997,690,000) the maximum possible units. It is assumed that by the time the last Vitcoin be produced in treatment will be part of the coin - milliBitkoyny (mBTC) and mikroBitkoyny (μBTC). However, it is possible and denomination with ratios of 1:10 to 1: 100, and so on.
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moosemoose
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July 04, 2016, 05:25:58 PM |
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i agree, time will come that bitcoin's supply will be very limited and its value will be high...good for us to know it early and earn while it has many supply
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crairezx20
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July 04, 2016, 05:35:10 PM |
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I think it will not possible because if the price will increase gradually and i think miners will increase so the supply will still fill and our supply will not turn into zero.. because the more the price is increase the more miner will enter..
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Superzpay
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July 04, 2016, 05:47:19 PM |
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Do you know what is bitcoin?
It is a currency and the supply will be there everywhere, as people will use their bitcoins for buying things and for paying for services etc, so there will be the supply of bitcoin.
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The Sceptical Chymist
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Cashback 15%
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July 04, 2016, 05:55:46 PM |
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Well, seeing as how bitcoin is divisible down to 8 decimal places, I think I will be enjoying bitcoin even more as the supply "dwindles". Exactly. As long as the price increases and as long as there's demand, there's going to be enough for everyone. And I have no doubt that that's exactly what's going to happen. |
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socks435
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July 04, 2016, 06:05:29 PM |
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Do you know what is bitcoin?
It is a currency and the supply will be there everywhere, as people will use their bitcoins for buying things and for paying for services etc, so there will be the supply of bitcoin.
Yeah this is just like a money there is a generator that can generate bitcoin.. also many exchanger site there that can supply bitcoin instead of trading.. So i think the supply do you mean for now is impossible to happen bitcoin will stay strong.. |
Solving blocks can't be solved without my rigs.
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Kprawn
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July 04, 2016, 07:01:26 PM |
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The day when 1 Satoshi is valued at $1 ... would be the day, when you have to start worrying about supply.... and just as you start to worry about that... the decimal will be shifted with one digit and we will have more fractions of a Satoshi to work worth. Just remember that Bitcoin is programmable money and it is divided into 8 decimal values... giving us more Satoshi's to work with that we do not have to worry about that problem. It's a good problem to have... the less Bitcoin in supply, the higher the price... in theory any way.  |
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GamingOn
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BetcoinRakeback.com
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July 04, 2016, 07:08:51 PM |
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Bitcoin has a limited supply and the users are constantly growing by numbers. The dwindling supply of bitcoins versus the increasing demands of consumers will lead to the shortage of supply and may lead to the total failure of bitcoin in the future. It is possible that it my happen so enjoy your bitcoins today since it may not be there tomorrow.
looks like another user who missed bitcoin era is now giving his opinions to others.With the constantly growing bitcoin users its price will also increase to higher levels in future because of its limited supply. |
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