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Author Topic: Bitcoin does not have limited supply  (Read 3042 times)
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November 21, 2017, 02:35:56 PM
 #81

In my opinion, I think even they will create a fork in bitcoin it will not increase the supply of bitcoin and it will remain at 21M. I see some bitcoin forks and they have the same supply @ 21m and it will never increase. NEVER.

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November 23, 2017, 01:23:15 PM
 #82

The hard forks will result in new alternative coins which are NOT bitcoin core . They will have other codes and other market caps but bitcoin's supply will be 21M for sure . But what people don't know that we won't reach that number any soon . We are at approximately  15M bitcoins currently and it will take at least 20 other years to reach the 21M bitcoins (with the idea or let's call it rumor  in the back of the head that Satoshi Nakamoto has 1M just for himself ) due to increasing complexity of the codes , weak hash force of the miners that do bitcoin compared to other cryptocurrencies which their mining is easier and cheaper due to new codes and improvements in the technology used .
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November 23, 2017, 02:32:56 PM
 #83

There is only limited number of 21 million bitcoins available in the crypto market, in the early stages of bitcoins it was easy to mine bitcoins at home computers but now it is not possible with normal computers as every time the level of difficulty of mining bitcoins increases, it will approximately take more than 140 plus years to mine the whole bitcoins. Bitcoins are not extendable as there is only limited space of 1MB crypto currencies but the hardforks are mere copy of bitcoin crypto currencies which is a different or an upgraded version of bitcoins comes under the name of bitcoins like Bitcoin cash which was hard forked in the month of August 2017.

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July 06, 2018, 03:30:26 PM
 #84

If anything bitcoin sort of don't have limited supply because it will take an extreme amount of time before it reach the max supply and NOT because of forks.

Imagine a coin max supply  will be reached after the heat death of universe, we would never reach a max supply and the coin would be always getting a influx of new coins like a coin with inflinite supply, bitcoin does that, but in a WAY, WAY, WaaaaaaaaaaaAY smaller scale.
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July 25, 2018, 03:16:31 AM
 #85

Bitcoin has it own limited supply. It's only 21m and no more
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July 25, 2018, 03:18:11 AM
 #86

You must make more research about bitcoin before saying something. 21 millions is bitcoin's limited supply.
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July 25, 2018, 03:21:25 AM
 #87

The argument is again and again that the value of Bitcoin will increase because supply is limited to 21 million. But this is quite simply wrong. Every time Bitcoin is forked that is in real terms an expansion of the Bitcoin currency beyond 21 million. To some degree the same is true of alternative crypto currencies which will flood the market. There is already more than 1000 cryptocurrencues ( https://en.wikipedia.org/wiki/List_of_cryptocurrencies )

Th forking (or absence of it) does not effect Bitcoin's supply. At best, you can consider it as a "gift" to all bitcoin holders, which will increase the overall worth. It in no way impacts the overall supply of 21 Mn, which is set in stone.


The 21 Million Cap is not really the hardest cap. It is just a mere figure of how many bitcoins can be produced using the old blockchain technology. Who know's it may still go up or increase depeding upon the advancements of the blockchain.

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July 25, 2018, 03:24:23 AM
 #88

indeed bitcoin will not run out because the stock is very much so until whenever will not run out, different stores have limited supply of goods, this one of the advantages of currency in gital ,,, hope the future will be better .

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July 30, 2018, 09:30:40 AM
 #89

Yes over 21 million and its not a limited supply.
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July 30, 2018, 09:32:25 AM
 #90

I think they are gonna stay with the current supply. They not gonna increase .
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July 30, 2018, 09:34:10 AM
 #91

Supply of btc is adequate until it dominate the world market.   
BigBlackSheep57
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July 30, 2018, 09:35:25 AM
 #92

The popularity and the craze of btc will definitely be the cause of limited supply.
bitcoinman93
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July 30, 2018, 09:50:16 AM
 #93

The argument is again and again that the value of Bitcoin will increase because supply is limited to 21 million. But this is quite simply wrong. Every time Bitcoin is forked that is in real terms an expansion of the Bitcoin currency beyond 21 million. To some degree the same is true of alternative crypto currencies which will flood the market. There is already more than 1000 cryptocurrencues ( https://en.wikipedia.org/wiki/List_of_cryptocurrencies )


it has nothing to do with each other. Whatever is forked from bitcoin is not bitcoin anymore. Bitcoin remains with total supply 21m coins unless people decide otherwise and start using forked currency and calling it bitcoin, which is extremely unlikely.
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July 30, 2018, 09:55:05 AM
 #94

The argument is again and again that the value of Bitcoin will increase because supply is limited to 21 million. But this is quite simply wrong. Every time Bitcoin is forked that is in real terms an expansion of the Bitcoin currency beyond 21 million. To some degree the same is true of alternative crypto currencies which will flood the market. There is already more than 1000 cryptocurrencues ( https://en.wikipedia.org/wiki/List_of_cryptocurrencies )

I am not sure about this one, but I really know that somehow there are Bitcoins that are being forgotten and been lost forever and I would really see if that would really make Bitcoins supply go down.
kram31
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July 30, 2018, 09:57:30 AM
 #95

The argument is again and again that the value of Bitcoin will increase because supply is limited to 21 million. But this is quite simply wrong. Every time Bitcoin is forked that is in real terms an expansion of the Bitcoin currency beyond 21 million. To some degree the same is true of alternative crypto currencies which will flood the market. There is already more than 1000 cryptocurrencues ( https://en.wikipedia.org/wiki/List_of_cryptocurrencies )

Th forking (or absence of it) does not effect Bitcoin's supply. At best, you can consider it as a "gift" to all bitcoin holders, which will increase the overall worth. It in no way impacts the overall supply of 21 Mn, which is set in stone.

This is 100% true, FORKS are not affecting the number of bitcoin supplies, this was made to make free tokens for BTC holders.
But, the negative side of this is the group of people who made the FORK will get more coins as they manage it.
they are having much free money for the future.

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July 30, 2018, 10:06:23 AM
 #96

The argument is again and again that the value of Bitcoin will increase because supply is limited to 21 million. But this is quite simply wrong. Every time Bitcoin is forked that is in real terms an expansion of the Bitcoin currency beyond 21 million. To some degree the same is true of alternative crypto currencies which will flood the market. There is already more than 1000 cryptocurrencues ( https://en.wikipedia.org/wiki/List_of_cryptocurrencies )

I am not sure about this one, but I really know that somehow there are Bitcoins that are being forgotten and been lost forever and I would really see if that would really make Bitcoins supply go down.

If the Bitcoin is introduced into the circulation of the purchase of goods, then the percentage of loss of keys and wallets Bitcoin will increase many times and it may come to its extinction as dinosaurs.  Cry
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July 30, 2018, 10:29:55 AM
 #97

You are right partially as there is no limit to the prices of Bitcoin. Currently it says 21 million but more and more will mined and the limit will keep increasing . Then comes the price of Bitcoin . Who expect the prices of Bitcoin to rise upto 10 times the price past year. Infact now it's even more and there are many predictions which say that Bitcoin can easily cross 10k by the end of this year.
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September 23, 2018, 02:56:59 PM
 #98

The argument is again and again that the value of Bitcoin will increase because supply is limited to 21 million. But this is quite simply wrong. Every time Bitcoin is forked that is in real terms an expansion of the Bitcoin currency beyond 21 million. To some degree the same is true of alternative crypto currencies which will flood the market. There is already more than 1000 cryptocurrencues ( https://en.wikipedia.org/wiki/List_of_cryptocurrencies )

Well, if bitcoin have a fork, then that fork won't be bitcoin anymore, it will be a new coin.
Bitcoin have 21 million max supply is true. Do you think it is easy for a new forked coin have a value like bitcoin ?
Bitcoin has been forked several times, but none of them approach the price near bitcoin value.



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September 28, 2018, 09:20:24 AM
 #99

no, you're wrong. Bitcoin have limited supply. It is 21 millions.
charlincharplor83
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September 28, 2018, 10:50:09 AM
 #100

People still have rumors about the scarcity of Bitcoin. Where Bitcoin supplies are where Bitcoin is still limited.
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