Limit of Bitcoin

[diva.man]

I think BTC will go up when the number of BTC reaches 21 million.

According to the market supply and demand, things are scarce!

When people need BTC, the price of BTC goes up naturally!

[Arngrim]

As I have read some of the threads here. They say that was like a wrong price and this is now the corrected one which goes back at 8,000 dollars.
One more said, whales have been playing the bitcoin price. Dumping and now pumping again to create money.

They have different speculations but what matters most is the demand and you just said it right. The number of it will be depleted and as we go there it will be more expensive just like gold and other commodities that are consumptive.
The difference with gold is there may be parts of the world that still have a lot of it which arent discovered yet.
With bitcoin there is a number. No matter what happens, it will be 21 million.

[senin]

Once the limit of 21 million Bitcoins has been reached, price will continue to increase since there will theoretically be less Bitcoin exchanged on the blockchain. More people will own Bitcoin and forget their private key which means that Bitcoin will now be inaccessible. Therefore, there will be less Bitcoin in the system as time goes on, driving up demand, driving up prices. 

Yes, in theory this is so. However, nobody knows how it will be in practice. Here one simple factor is not taken into account. By that time there will be a lot of highly functional and easy-to-use crypto-currencies of small value, which will give a good profit to their owners. Someone will be interested to buy bitcoin, which, say, will cost one hundred thousand dollars ?. It is still unknown

[cryptojohn9]

Depend on demand.the greater the value of bitcoin, as it increases its capitalization.the limited supply and more demands causing increase in price.

[asdalani]

I think BTC will go up when the number of BTC reaches 21 million.

According to the market supply and demand, things are scarce!

When people need BTC, the price of BTC goes up naturally!

[amzadabir]

The cyber currency is getting close to all of its 21 million “coins” being mined and some argue it could happen within five years – over 16,800,000 coins have been mined as of January 13.
Once all of the bitcoins are mined it means supply cannot grow, despite growing demand.
In contrast, the cryptocurrency 'ripple' allows miners to create a maximum of 100 billion tokens.
Enthusiasts say buying bitcoin will become harder and therefore make it more valuable, but others say it will stop being decentralised.

[tegarp90]

yes of course if supply is limited and demand always increasing, the price will be automatically increase. this is a economic theory..

[Denisliternyjj]

I completely agree ! When the limit of 21 million bitcons is reached, then the price will grow significantly because of the lack of coins themselves!

[SaiWAFU]

I think about Bitcoin, and this is just my meaning.
As you know Bitcoin is limit. Total of Bitcoin is 21 million, we have dug nearly 16.8 million Bitcoin. Neither founder can not create more Bitcoin. Is this  the reason for raising Bitcoin price high and it's also cause for Bitcoin price reduction when we have nearly reached 21 million.

If we have reached its limit, prices might rise but the question is will it still be in demand. Since prices will go up buying bitcoin would be more difficult which may result that people resort into other coins.
Will you keep on looking for gold if silver is much easier to mine and has a lot more supply?

[pharaon]

Before this happens, it will take a long time, since the complexity of bitcoach mining will increase with each block. But I like the majority, I think that the cost in this case will only increase.

[1Referee]

If we have reached its limit, prices might rise but the question is will it still be in demand.

That sentence doesn't make much sense. If the price increases further, it's directly a reflection of the increasing demand, so the answer is obviously yes.

Since prices will go up buying bitcoin would be more difficult which may result that people resort into other coins.

Nonsense. People are in no shape or form obliged to buy themselves a whole Bitcoin (BTC unit). Bitcoin is probably the most divisible currency/asset that has ever emerged. BTC is nothing more than a unit level that consists of 100,000,000 smaller units called Satoshis. It won't take long anymore from this point before all services start to work with mBTC units by default. 1BTC = 1000mBTC = 1,000,000Bits, or uBTC, but I prefer the term Bits. In other words, you can still buy whole units, but the ones that are of lower value.

[joshua05]

I dont think bitcoin is holding its limit to reach these kind of amount of money. but as we can see, each year that pass, it has been high. And will get more higher.

[tiggytomb]

I guess it depends on how bitcoin performs in the mainstream over the coming years, if it does as we think and really takes off then once the 21 million are mined, the only way people can gain bitcoin by mining will be via the fees in the blocks or purchasing on an exchange.

Now if there are not many sellers than the price will increase as people will be looking to buy.

[dado7]

No, that is certainly not the reason. The price is determined by the rule of supply and demand.
Scarcity is only one of the parameters bound by that rule.
"Higher scarcity" (oxymoron, ain't it?) means lower supply.
Lower supply is pushing the price up if there is sufficient demand (imagine 10 people wanting to buy 1 car - some of them would be willing to pay a little bit extra to secure that car for themselves).

The price is fluctuating and stabilizing because of the rules of supply and demand but scarcity is not the decisive factor. Scarcity may be one of the factors why BItcoin price is so high overall (with the introduction of Satoshi even that is not so evident because you have much more Satoshis then Bitcoins, right?), but the price is currently stable due to some other factors:
1. Recent huge drop and Bitcoin finding it support at 10.000 USD, 10.000 being also the psychological barrier.
2. Whales holding.
3. Current equilibrium of good news and FUD.
4. Nothing really substantial going on at the moment.
5. Weak hands mostly left the market while new ones are currently not entering much.

Again, all of this is balanced by supply and demand phenomenon.

[Ains_sama]

I think it is the cause of high rising bitcoin, limited supply and higher demand. so miners and investors should raise the price of bitcoin. so, what if bitcoin is exhausted? whether the price will be higher or will go down.?

[mosbyhimym]

I think about Bitcoin, and this is just my meaning.
As you know Bitcoin is limit. Total of Bitcoin is 21 million, we have dug nearly 16.8 million Bitcoin. Neither founder can not create more Bitcoin. Is this  the reason for raising Bitcoin price high and it's also cause for Bitcoin price reduction when we have nearly reached 21 million.

Yes , once day all Bitcoin will be mined and the amount of Bitcoin will be limited at 21 millions and no more bitcoin will come out. At that moment, the price would be insane because of the stop in supply.

[bright4mech]

Bitcoin limit we take a long period of years and i guest, now is the morning of bitcoin and to talk of the limit, Bitcoin is not ordinary coin and talk of the limit. As a leading coin no body know the limit and you can only see a number of figure, (for me i see it as prediction) , beside demand in market exchange is more higher than the supply, every 24hrs in market, the buyer always be available, is the best time to invest.

[doaremon]

Good and bad sides are part of everything. As like everything Bitcoin also has good and bad sides. But to me I think good side is more than bad side. But the bad sides are not small list. The price of bitcion is not stable. So today it may have 11000$ but who knows tommorow it may be 1100$ . It's value increase or decrease such a rate that it is not possible to tell the value of next day. Again in some countries or rather in many countries Bitcoin is forbidden. You may earn Bitcoin but you must convert it to dollar. In total to me this are the main bindings in Bitcoin. Also many people thinks that crypto currency like Bitcoin is just a currency in the paper.

[juiceannabel]

I think about Bitcoin, and this is just my meaning.
As you know Bitcoin is limit. Total of Bitcoin is 21 million, we have dug nearly 16.8 million Bitcoin. Neither founder can not create more Bitcoin. Is this  the reason for raising Bitcoin price high and it's also cause for Bitcoin price reduction when we have nearly reached 21 million.

your explanation is plausible, the limited supply and high demands means the higher value it will.
bitcoin is a coin with a low total supply, its price will increase with the time.

[warning_btc]

BTC limit is 21 billion Is good for their price, and btc have property to decrease this max supply more when peoples lost private keys of his wallets
What will be with this unused btc in the future, this is question for me