The Supply of Bitcoin Is Limited. The Supply of Cryptos Isn't!

[Drixy]

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.

[vicvicto17]

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.

[szpalata]

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 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.

[BUK2016]

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

[Sled]

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.

[BobK71]

All CBs will eventually issue their own cryptos, they're just playing a waiting game.

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.

[BobK71]

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.

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.

[0t3p0t]

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.

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?

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.

[martina14]

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 .

[BobK71]

... 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.

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.

[evilgreed]

... 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.

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.

[brontosaurus]

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.

[BobK71]

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.

[Hamstead]

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.

[Hamphser]

... 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.

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.

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.

[BobK71]

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.

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.

[ramsdaj28]

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 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.

[shesheboy]

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.

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.

[lazaruseffect11]

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.

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.

[DannaWonder]

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 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.

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.