Hexah
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January 19, 2018, 01:19:54 AM |
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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.
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gua86402
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January 19, 2018, 01:47:21 AM |
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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!
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BobK71 (OP)
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January 31, 2018, 02:10:44 PM |
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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.
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.
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BobK71 (OP)
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February 20, 2018, 09:37:58 PM |
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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.
The problem with non-scarce money is that, at some point, people will no longer trust in its value.
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ToddDiaz
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April 18, 2018, 06:00:26 PM |
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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.
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.
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BrentMack
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April 19, 2018, 01:18:31 PM |
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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.
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
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BobK71 (OP)
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May 16, 2018, 08:48:45 PM |
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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.
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!
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erundook
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June 20, 2018, 07:45:33 AM |
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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.
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Dmitry.Vastov
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June 28, 2018, 08:13:10 AM |
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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.
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.
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magneto
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June 28, 2018, 08:21:08 PM |
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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.
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Shame_Game
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June 28, 2018, 09:08:14 PM |
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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...
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squog
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June 29, 2018, 05:51:03 AM |
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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.
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erundook
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June 29, 2018, 05:53:31 AM |
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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.
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.
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The Sceptical Chymist
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June 29, 2018, 06:08:19 AM |
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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 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.
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lol1yatme
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July 03, 2018, 10:26:19 AM |
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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...
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.
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TheClownSong
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July 03, 2018, 12:03:54 PM |
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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
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knggtrrz
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July 03, 2018, 12:09:17 PM |
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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.
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robotrobert
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July 09, 2018, 06:54:45 AM |
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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.
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. 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.
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Burogh
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July 09, 2018, 08:14:21 AM |
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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
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cold cool
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July 09, 2018, 08:42:04 AM |
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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.
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