Bitcoin Total Supply

[jacquelinecr]

Is truly amazing if you think the limited supply. But when you know that it can break into trillions, then the hard cap supply of Bitcoin is just unlimited. Thats why I believe it will continue to rise.

[1715155496]

1715155496

[The_Dark_Knight]

Is truly amazing if you think the limited supply. But when you know that it can break into trillions, then the hard cap supply of Bitcoin is just unlimited. Thats why I believe it will continue to rise.

Technically speaking the true unit of bitcoin is the satoshi since it does not exist a lower unit than that, so if you look at it from that perspective we have always been limited in the amount of satoshis that are going to exists, so like you see there is not an unlimited amount of subdivisions of bitcoin there are limits and have been present from the very beginning that is why I think that at some point in the future we will need to stop talking about bitcoin and instead use mBTC as the unit of bitcoin.

[xypos]

Bitcoin total supply is limited.
There's only 21,000,000 Bitcoins

I'd buy and hold!

Technically we can never ever even hit 21 million because we will be infinitely close to that figure but never be able to actually reach it as each halving comes by. However you make a great point still of why bitcoin is worth a buy.

It is a store of value that everyone can access for cheap, essentially. Bitcoin is pretty much like digital gold.

Except it is more convenient and you don't need to worry about "fake bitcoins".

[jseverson]

1 million bitcoins are lost forever, or until quantum computing can break sha256

I did not understand. Can you please explain how 1million bitcoin is lost?

Satoshi, the founder of Bitcoins is believed to have accumulated around 1 million Bitcoins. He disappeared from the scene a couple of years ago, and his Bitcoins are assumed to have disappeared with him.

This is all speculation though. It should also be kept in mind that there are plenty of cases of people losing their Bitcoins forever. Once the last Bitcoin is mined, we'd probably have markedly less than 21m. It's divisible into multiple decimal places though, so it should not pose too much of a problem.

[Ultegra134]

We will be dead by the time the total amount of BTC in circulation reaches 21 million. It will take many decades for that to happen. Sure, holding is one "Safe" option when it comes to Bitcoin investments, but I wouldn't consider holding just because the supply is limited, because that cap will take a vastly long time to be reached.

[The_Dark_Knight]

1 million bitcoins are lost forever, or until quantum computing can break sha256

I did not understand. Can you please explain how 1million bitcoin is lost?

Satoshi, the founder of Bitcoins is believed to have accumulated around 1 million Bitcoins. He disappeared from the scene a couple of years ago, and his Bitcoins are assumed to have disappeared with him.

This is all speculation though. It should also be kept in mind that there are plenty of cases of people losing their Bitcoins forever. Once the last Bitcoin is mined, we'd probably have markedly less than 21m. It's divisible into multiple decimal places though, so it should not pose too much of a problem.

And those are only satoshi coins, how many stories we have hear of people losing their bitcoin, there was a very famous story of a person that threw away a hard drive containing a lot of bitcoin and he did not realize until months later, as bitcoin becomes more valuable we are going to come to the point that those coins are going to be a like a lost treasure.