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Author Topic: Is it enough?  (Read 875 times)
gakadem
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January 30, 2018, 09:46:59 PM
Merited by oli123 (1), buternasek (1), jeluhtajem (1), brengoskandel (1)
 #1

The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?

what do you think of this?

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January 30, 2018, 09:52:59 PM
 #2

The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?

what do you think of this?

Yes it's enough, nowhere does it say that someone has to hold 1 btc. If we think of say pennies (USD) there would be around 500 trillion of them in circulation if all physical USD that's in circulation was in pennies. Now if we consider satoshi's there will be 2100trillion of them. That's a lot of potential supply to spread around, not to mention that if necessary even a satoshi could be divided if there was an overall consensus.

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January 30, 2018, 09:53:34 PM
 #3

There will be 21 million bitcoins. But consider that every bitcoin is equal to 100 million Satoshi. There are also many other cryptocurrencies that can be used for payments.


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January 30, 2018, 09:59:25 PM
Merited by ralle14 (1)
 #4

Bitcoin is a world currency already. Perhaps it is the first real world currency. Is 21 million coins enough? Well it will never be a primary payment system - the limits designed into it made sure that that could never happen. The 21 million may not be enough if the bankers and the Deep State remove enough coins to restrict its use.

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January 30, 2018, 10:02:47 PM
 #5

The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?

what do you think of this?

I think this is enough, because Bitcoin is not living with everyone, and that person must have needs and some people will definitely sell their Bitcoin, maybe that's where Bitcoin spins from hand to hand, it looks like that's where Bitcoin is rolling to this day.
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January 30, 2018, 10:02:57 PM
 #6

The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?

what do you think of this?
you can divided 1 bitcoin into satoshi which make it enough for all.
problem is the number of bitcoin has been declining dramatically because the first coins were being mined was 50 bitcoin (some die and others lost them btc)
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January 30, 2018, 10:02:58 PM
 #7

I think there is no limit in the cryptocurrency market, if the coin is accepted it will thrive and vice versa if it is not useful then everything will stop. I think that the market and the investment community are the most accurate measure of any asset and bitcoin or other altcoin. Try to develop new features and long-term strategies that can help the project survive the market.
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January 30, 2018, 10:03:06 PM
 #8

yes it's enough ; and because of that bitcoin value should rise up to more than 1 million
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January 30, 2018, 10:10:49 PM
 #9

21 million minus what ever that has been lost over the years.
I really can't get my head around why some think it is too little an amount. Decimal places can continue. If the amount of bitcoin were to be doubled then surely the value attached would also have to half.
Is it more a case that some people will never have 1 whole bitcoin?

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January 30, 2018, 10:19:00 PM
Merited by Slow death (1)
 #10

21 million minus what ever that has been lost over the years.
I really can't get my head around why some think it is too little an amount. Decimal places can continue. If the amount of bitcoin were to be doubled then surely the value attached would also have to half.
Is it more a case that some people will never have 1 whole bitcoin?

People will always struggle with this if it becomes an accepted currency at any point and that's why many have always spoken of using mBTC, that way it would be closer to a more realistic value when looking at other currencies and people could wrap their head around it a little easier. Not to mention people could get over the mental issues of not having 'a whole' of something.

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January 30, 2018, 10:28:24 PM
 #11

The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?

what do you think of this?

The journey is still long to say whether 21 million BTC is enough for the future. The number of circulating supplies currently shows the figure of $ 16,836,012, and there are about $ 4 million BTC left that can be mined. Remember that rewards will decrease over time, and difficulties continue to grow. Price will be more expensive. If it is true BTC will reach $ 1 million / BTC, you will need $ 10 just to get 0.00001 BTC.
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January 30, 2018, 10:31:37 PM
Merited by Slow death (2)
 #12

yes, the vision of bitcoin is to become a crypto currency recognized by the world and serve as a means of payment, and we know today the remaining bitcoin supply is only 4 million, and is predicted to be exhausted in 2024. while the bitcoin vision has not been reached.
but I see slowly some countries have started making bitcoin as a transaction tool, and maybe before bitcoin runs out, the bitcoin vision will be achieved. So, I think this is enough

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January 30, 2018, 10:36:08 PM
 #13

The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?

what do you think of this?
if you look at the current state, I do not think bitcoin will be enough to meet the criteria as a digital currency.
will be the next time a bitcoin really becomes an official world currency, I think there will be a next generation of bitcoins capable of being created.
besides, many other coins also we can use like Ethereum.
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January 30, 2018, 10:40:14 PM
Merited by Slow death (3)
 #14

   Yes it is enough,because if there is over supply of bitcoin there is a possibility of decreasing its value. Higher demand with less or limited supply equals to greater or higher value. That's why bitcoin has a limited supply to become valuable currency in the market.

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January 30, 2018, 10:44:13 PM
 #15

Yes it's more than enough, bitcoin is divisible by eight decimal places, and the comma could be moved even further to get even smaller units.
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January 30, 2018, 10:49:15 PM
 #16

yes its enough and thtas why bitcoin price will go 200k usd

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January 30, 2018, 10:49:37 PM
 #17

The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?

what do you think of this?

Bitcoin was made to store value and exchange it between people without the interference of centralized 3rd parties , even if the number was much smaller , bitcoin is still divisible by thousands and depending on the value you can store in a single coin , dividing it however you like (0.1 0.01 0.001 0.0001 0.00001 .. until reaching the smallest unit "satoshi" ) will permit you to get whatever value you want .
And bitcoin is already a universal coin since it has already been adopted by lots of companies and is recognized world wide , even kids nowadays know about it and it has even penetrated the memes world with the "A bitcoin trader , a cross fitter and a vegan enter a bar .." .
Having a full coin isn't necessary anymore .
What bugs me tho is that thousands of coins have been lost over time , and their overall value continued to grow while they stood inaccessible and no one can retrieve them , but i guess we can't impose in the smart contracts that non used coins can be redistributed or something since it is not juridically or logically doable , so RIP lost coins ..
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January 30, 2018, 10:55:20 PM
 #18

The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?

what do you think of this?

The journey is still long to say whether 21 million BTC is enough for the future. The number of circulating supplies currently shows the figure of $ 16,836,012, and there are about $ 4 million BTC left that can be mined. Remember that rewards will decrease over time, and difficulties continue to grow. Price will be more expensive. If it is true BTC will reach $ 1 million / BTC, you will need $ 10 just to get 0.00001 BTC.
Last time I checked the price 1 bitcoin is $10,000 since when did 1 bitcoin became $1?  

If bitcoin becomes expensive in the future we might be forced to send no miner fees(regular to priority fees ranges from 0.00002 to 0.0004) for their transactions because that's the only thing that would make the transaction so expensive.



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January 30, 2018, 11:25:11 PM
 #19

think gold as a reserve currency, it is estimated that there is so little gold in the surface of the world and that`s make it and give it such a value, so also btc would be enough to have that amount.

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January 30, 2018, 11:36:51 PM
 #20

For me its a yes.. A big yes that its enough for the future . if you really know how to handle you money or your income from bitcoin if you will not use it in a boostful way it will be. But if you will act as a one day millionaire of course it won't be enough. But we are here to gain salary and I know bitcoin is always be here to give us to pay our hard works.
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