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pinoyden
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December 02, 2018, 01:00:29 PM |
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we all don't know, what is the amount of bitcoin supply that will circulate in the crypto market. if the amount of bitcoin supply is not limited then this currency will experience a very significant price decline because supply cannot be controlled while demand depends on investors.
itll still depend on the usability of the coins . let say the coin has an unlimited supply but it is veryy usefull , then i think this coin will still increase its value overtime because many people will going to buy it but if the coin is useless or doesnt have a unique feature on why it was built , then it wont recieve any demand from the public even if its supply is low or limited only . speaking of supply , bitcoin do only have a fixed 21million supply . so we cant trully say that bitcoin is unlimited . |
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BitcoinPanther
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December 02, 2018, 01:04:24 PM |
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we all don't know, what is the amount of bitcoin supply that will circulate in the crypto market. if the amount of bitcoin supply is not limited then this currency will experience a very significant price decline because supply cannot be controlled while demand depends on investors.
It is clear on the whitepaper that the number of Bitcoin to be mined is 21 million. Any fork from Bitcoin is not considered Bitcoin but rather an alternative currency. You should know the difference between an altcoin and Bitcoin. Besides if Bitcoin is forked, it will no longer use the blockchain used by Bitcoin and thus it will have na new chain that is why it is not Bitcoin itself. |
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Stac
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December 02, 2018, 01:45:21 PM |
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Bitcoin have a limited amount of supply it has a total amount of 21 million Bitcoins .The creator of Bitcoin doesn't like to reveal his identity even though the whole global system has accepted Bitcoin as an electronic cash , the creator of Bitcoin is a great genius that have gifted for the modern frustrated world a up lift for their political stresses and the youngsters of today embrace this great genius and has revealed his identity as Satoshi Nakamoto .Bitcoin is the first cryptocurrency previous year the price of Bitcoin had sky rocketed at an unimaginable value and now, this year the value have come down to below 50% to 40% low . Bitcoin is a digital electronic currency there is no third party interference for the transactions and it is world widely used without anybody's concern or by other central authorities support the transactions are peer to peer transaction and the real identity of the person is not revealed at all .
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randalmelnik
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Activity: 12
Merit: 2
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December 02, 2018, 01:58:12 PM |
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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 ) Guess what, you can create your own paper money, too. Then see how many people will care. Creating another fork of Bitcoin does not increase the supply of Bitcoin. It just creates another fork that nobody will use or care about. |
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Freedom24
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December 15, 2018, 04:06:07 PM |
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In fact it’s true that bitcoin has limited supply with total 21 million of supplies, so bitcoin does a fork to have an unlimited amount, from that fork it will be altcoin instead not bitcoin anymore, it helps bitcoin to have an unlimited supply through the altcoin fork. |
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basyang
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December 28, 2018, 08:29:16 PM |
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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, in my point of view. I think Bitcoin are just limited just like a fiat it will need to cycle all of the released coins in the market because if Bitcoin is endless in supply then I think the value of it will decrease because of the number of supply in the market. For me, the value of coins is depending on the supply of it in the market. |
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kogozer714
Copper Member
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Activity: 593
Merit: 10
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January 04, 2019, 01:08:13 PM |
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I see from all sites the supply of bitcoin is 21 million, and it won't be able to grow anymore. and I think those who say bitcoin is unlimited are people who don't understand bitcoin
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Altero
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January 04, 2019, 03:09:45 PM |
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I see from all sites the supply of bitcoin is 21 million, and it won't be able to grow anymore. and I think those who say bitcoin is unlimited are people who don't understand bitcoin
We are too far from its limit but it could be possible that we reach on it someday when it fully accepted and used by the majority. Many were still holding thousand of bitcoin and it breach the way to mined the total supply of bitcoin faster. We never think for it as of now, instead we look for the opportunity to make money while waiting it happen. |
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carlfebz2
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January 04, 2019, 03:16:28 PM |
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Sorry this might be an old thread or discussion but I'm wondering how people do still argue related to this matter about Bitcoin entire supply.
It does have limited supply and theres no such thing about for it having unlimited.Just reading up on WP it do have fixed and currently we have 17.5M in circulation( correct me if I'm wrong)
For those who are worrying about on mining all the supply then don't bother because it would happen on 2100+ year.
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btc78
Full Member
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Merit: 212
Eloncoin.org - Mars, here we come!
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January 04, 2019, 03:18:26 PM |
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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. Maybe what OP mean to say is the extension of function or usage of bitcoin are being presented by forked bitcoins,in which these will be usable in future when the bitcoin volume limit are being reached.but i might be wrong since this is only my own opinion upon understanding of the topic |
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nomenclatur
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January 04, 2019, 07:19:52 PM |
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To be honest, I applaud TS thinking, because he has a different perspective than the majority of the residents of this forum, in my opinion TS is just trying to remind something of the worst about bitcoin and crypto, if one day all crypto are abandoned by the user, then the last person to leave is someone the most unlucky, because their wealth changes to crypto which has no value. So, whatever our perception of the future of crypto, we must be careful in managing the assets that we have, because the worst possibility is indeed possible.
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Malam90
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January 05, 2019, 02:57:29 AM |
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The fork is quite different. It doesn't have any effect on Bitcoin supply. Yes Bitcoin supply is limited to 21 Millions. The highest limit will 21M, no more will be mined after that. So the real Bitcoin is limited supply but fork coin like BCH or other coins can increase, this doesn't matter.
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Janation
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January 05, 2019, 06:16:02 AM |
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I think that the supply always depends on demand. The same is with BTC. Its supply isn't limited
What are you saying? The price of Bitcoin depends on its demand on the market but saying that its supply always depend on the demand? That is absurd. The supply of Bitcoin is constant, it will not be changed it will stay the same as it is. You are spouting your words without any proof of it, how can you say that it is not limited? Does the limit of Bitcoin in your country is at 20M now? Bitcoin's supply will always be 21M, but not really exact at that number since there are already a lot of BTCs lost and wallet's private keys being forgotten. |
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mickeybuddy27
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January 05, 2019, 10:29:39 PM |
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Well, in my point of view. I think Bitcoin are just limited just like a fiat it will need to cycle all of the released coins in the market because if Bitcoin is endless in supply then I think the value of it will decrease because of the number of supply in the market. For me, the value of coins is depending on the supply of it in the market.
I agree. We need a circulation of bitcoin on the market to grow its price. If no one buy bitcoin and just earning it like in mining then sell, the supply in the market is being added. The supply remains, and it affects the price instead of going up, down is what happen. Though bitcoin is limited if we are not buying to used it, there is nothing to change. |
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maytari2009
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January 06, 2019, 09:04:47 AM |
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I think fork isn't meaning bitcoin supply doesn't have limit. When btc forked, there might created new coin, it's different coin and doesn't have effect related to original bitcoin supply.
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pant-79
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January 06, 2019, 02:52:23 PM |
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I would not call it currency expansion, because in the end of forks you don’t get bitcoins. Despite any forks, true Bitcoin remains alone, original with an emission of 21 million, and this is unchanged.
There is no point in discussing all the bitcoin forks, since these are completely different coins with a completely different value.
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