Bitcoin limits

[Cryp2]

Hi all members , I have a question to ask :
I read somewhere that bitcoin market is limited ie number of bitcoins in market shouldn't exceed limits .
Is that true ? If yes; why?
Thanks in advance

[OmegaStarScream]

The supply is 21 millions (bitcoins that will ever exist) which will be completely mined by 2140 while the ones in circulation right now are ~16 million (take off the ones that has been lost etc.). This was done in purpose because If we had an unlimited supply, It will just kill the price.

[Cryp2]

The supply is 21 millions (bitcoins that will ever exist) which will be completely mined by 2140 while the ones in circulation right now are ~16 million (take off the ones that has been lost etc.). This was done in purpose because If we had an unlimited supply, It will just kill the price.

Very well explained , thanks

[Wusolini]

Hi all members , I have a question to ask :
I read somewhere that bitcoin market is limited ie number of bitcoins in market shouldn't exceed limits .
Is that true ? If yes; why?
Thanks in advance

Why? Because unlimited supply would bring devaluation issues like we know from fiats ( those are unlimited supply ).

Actually there will be less than 21 mil. BTCs in circulation (mostly because lot of people lost their private keys ).

[deadthings]

Hi all members , I have a question to ask :
I read somewhere that bitcoin market is limited ie number of bitcoins in market shouldn't exceed limits .
Is that true ? If yes; why?
Thanks in advance

Bitcoin is limited only by the amount that will be discovered exactly around 2035-2040 when all resources are dug, regards.

[BTCHakan]

Yeah, right, there's a limit of 21 million. If it were not for the limit, there would be no value.

[ItsEzMkay]

Hi all members , I have a question to ask :
I read somewhere that bitcoin market is limited ie number of bitcoins in market shouldn't exceed limits .
Is that true ? If yes; why?
Thanks in advance

You say shouldnt but the correct words are next to impossible to exceed. There is a way you could create a fake bitcoin but it would cost at least hundreds of millions of dollars if not billions and then at that point why bother?

The miners will only create 21 million total of which 99% will be in circulation in less than 25 years time.

[Ereun]

Hi all members , I have a question to ask :
I read somewhere that bitcoin market is limited ie number of bitcoins in market shouldn't exceed limits .
Is that true ? If yes; why?
Thanks in advance

Why? Because unlimited supply would bring devaluation issues like we know from fiats ( those are unlimited supply ).

Actually there will be less than 21 mil. BTCs in circulation (mostly because lot of people lost their private keys ).

So when someone loses the key of the wallet it will reduce the coin supply


If so many of them lose the key to what effect will happen to bitcoin

thank you

[kissme09]

The limitation of bitcoin is that 21 million bitcoins will be released until 2140, but it will be less than this because hardford times will lose some coin. If the bitcoin number is infinite, it will be exploited so many people will own a large amount of bitcoin and the value of it will be very small, not reach 5500 as typical hours are wth and xmr that is Two types of peach and the value of eth has gone through 4 times of hard ford but their prices have not increased much

[Wusolini]

Hi all members , I have a question to ask :
I read somewhere that bitcoin market is limited ie number of bitcoins in market shouldn't exceed limits .
Is that true ? If yes; why?
Thanks in advance

Why? Because unlimited supply would bring devaluation issues like we know from fiats ( those are unlimited supply ).

Actually there will be less than 21 mil. BTCs in circulation (mostly because lot of people lost their private keys ).

So when someone loses the key of the wallet it will reduce the coin supply


If so many of them lose the key to what effect will happen to bitcoin

thank you

Yes. Every lost key (with some funds) reduce the total number of coins in circulation. Bitcoins will be still there (in blockchain) but will never circulate.
In addition we should also count with satoshi's bitcoins (coins mined by creator in the beginning, it's around 1 million coins) for which the private keys were intentionally lost/destroyed (though this can be fake info ... nobody knows for sure).

Effect? Can't say for sure as we don't know how many coins were lost this way. But in general the BTC becomes rarer ... so try to guess 

[Cryp2]

Thanks guys​ for your answers , but I still have an other question to ask : according to what you said , bitcoin is going to be rare , right? So its price will be more valuable , won't it?

[Wusolini]

Thanks guys​ for your answers , but I still have an other question to ask : according to what you said , bitcoin is going to be rare , right? So its price will be more valuable , won't it?

Yes. Common sense says so. Everything rare is valuable. Rarer things even more (for ex. diamonds, Elvis Presley's hairs ...).

[lisa255]

Hi all members , I have a question to ask :
I read somewhere that bitcoin market is limited ie number of bitcoins in market shouldn't exceed limits .
Is that true ? If yes; why?
Thanks in advance

Certainly limited for value. Now more than 80% in circulation, and the rest is a very small fraction, but you can snatch a little. So if there is no increase in quantity, then soon everything will be occupied and sold out.

[AdolfinWolf]

Thanks guys​ for your answers , but I still have an other question to ask : according to what you said , bitcoin is going to be rare , right? So its price will be more valuable , won't it?

Bitcoin itself will become "rare" in the future, but the technology around it won't.
The question is going to be if something that is technological way superior to bitcoin, would be able to effectively replace bitcoin. See ethereum for example.

But then again, some people don't hold bitcoin for the technological aspect, but more because of their ideological views.

[Seansky]

Thanks guys​ for your answers , but I still have an other question to ask : according to what you said , bitcoin is going to be rare , right? So its price will be more valuable , won't it?

Value would be more valuable like you said. It will also become rare just because as time pass, bitcoins are being lost due to forgotten private keys, wrong sent btc on wrong addresses or more. Besides it being lost, demand grows as time pass by, adoption rate grows ridiculously fast. Because of the said reasons, bitcoin supply is always decreasing. As it becomes lesser in number because of.decreasing circulating supply, value grows which also helps in it's growth.

[Berk]

The theory is that we get a value increase by limiting the coins. It means not everyone in the world will have them therefore they are rare. sort of like gold.

[jack05]

 Bitcoins are limited because if we had unlimited supply this would lead to devaluation. Total power is 21 million.

[CrazyClock]

I am afraid you dont have so much bitcoin )

[thinkpad99]

I am afraid you dont have so much bitcoin )

I have heard that Bitcoin resources are expected to be available by 2040. I do not know how much in this truth, but the best to dig as best and as soon as possible now!

[henryc4se]

Yes, only 21 million bitcoins will ever be. That's in itself guarantees, that btc will move even higher in the coming months!