Is it possible to have bitcoin shortage?

[jademaxsuy]

I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited. So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?

[Nezerlan]

Well, that is part of the reasons why the price will skyrocket because the supply is limited. Just like gold. I think buyers and holders of bitcoin today will be mega rich billionaires in future once the supply declines

[Invester]

It will not come to that point. There will never be a Bitcoin shortage. The value of Bitcoin could adjust up to whatever point it needs just to satisfy the demand and the necessary valuation when the entire world will be using Bitcoin. If the demand is rising so high due to the billions of people across the world using Bitcoin, the market will be assigning a bigger value to every Satoshi. There are eight decimal points in every BTC. It may happen that .00000005 BTC will be valued 1 USD.

[teterinal]

You do know that btc was not made so that all people will have even 1. It's only 21 million. and having limited supply and increase demand in the future surely will make the price fly.

[jossiel]

If there will be a bitcoin shortage then the price of bitcoin would be that high and everyone can spend each satoshi for the things that we want to have.

You know that this is one of the beauty of bitcoin, though there are only 21 million supply and there's portion of it that were lost completely you can use it and divide it with decimals.

Like today we are using it with fractions so it won't be a problem if you are thinking there will be a shortage.

[Kotone]

If there will be a bitcoin shortage then the price of bitcoin would be that high and everyone can spend each satoshi for the things that we want to have.

You know that this is one of the beauty of bitcoin, though there are only 21 million supply and there's portion of it that were lost completely you can use it and divide it with decimals.

Like today we are using it with fractions so it won't be a problem if you are thinking there will be a shortage.

yes it is possible to have a shortage in the market. we are informed that when we hold our coins the coins are just stacked In our account, it means that the coins in our account will not cycle or not around in the market. so if all user was only do holding like the situation now, they hold only because the price is low. I think it would have a shortage and the price of bitcoin woyld rise up

[kauban2018]

In my opinion, time will come that there will be bitcoin shortage because everything that exist in this world is just limited and I know business too. Maybe not in this time but time will come that it is just the same with the world's natural treasure or the resources of this world. Things have its own time when to stop or to shorten its life.

[avikz]

I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited. So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?

21 million bitcoins are not enough for the world population for sure. Even though the bitcoin is divisible to many decimals. It will definitely lead to an expensive market as the demand increases and supply remains the same. But that is one thing a lot of bitcoin investors are waiting for. But bitcoin alone is not sufficient for the world population if the adoption rate increases.

As you have correctly mentioned, people will start looking for other coins to be accepted as a crypto payment option. That will lead the way for ETH or similar worthy coins. What i foresee is that stable coins will create more impact in the future instead of other volatile coins.

[MTNAX]

It may not be too obvious now about bitcoin deficiencies, but someday if there is a more sophisticated system people will probably move to the system. I believe that everything in the world is limited, so there are always shortcomings and will not last.

[drm]

I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited. So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?

Not everyone will need 1 bitcoin.
Bitcoin is divisible down to 8 decimal places. We could even go 16 decimals (or whatever) in the future, it will be enough.

[kier010]

the demand will be high then and price will go up, when there is demand there is always willing to buy at high price. no need to buy a whole bicoin buyer can always buy a portion of it also called satoshi.

[Red-Apple]

you seem to have forgotten that the supply of bitcoin is 2,100,000,000,000,000 satoshi and that is enough for the whole world to use bitcoin. not to mention that not every single living person on the planet is going to use bitcoin. the adoption will only grow to a certain point not to 100% of the world. we currently are at less than 0.5% or at most 1%.

and if years from now we feel a shortage then we will think about a solution by then. talking about it now is pointless.

[Thirdspace]

you seem to have forgotten that the supply of bitcoin is 2,100,000,000,000,000 satoshi and that is enough for the whole world to use bitcoin.

good point! as bitcoin becomes a lot more popular and used, the price will continue to increase
it's possible in the future 1 BTC is equal to $100,000,000 which means 1 satoshi = $1
then there would be a lot less people holding more than 1 whole bitcoin
so each of us regular people may only need to hold bitcoin in satoshi denomination

[jennygamilo]

Yes , it is because bitcoin is limited that's why many other people get a lot of bitcoin as they can ! Because of the news that bitcoin is limited and not for every body , unless if the new bitcoin release then that shortage will going to ends.

[audaciousbeing]

I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited. So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?

Shortage happen to things that does not possess the attribute of divisibility. For example, human beings, when people in certain professions are needed in high supply but the number are not enough, then we have shortage but that does not mean the premium in that profession would then go higher than normal and individuals cannot be divided but when it come to bitcoin, the better word to use is scarcity. And scarcity being one of the characteristics of money, it becomes something normal that should not cause any issue. More especially is the advantage that this bring to the table due to the limited number and if there is any consolation, the forks from bitcoin would continue to technically makes it unlimited for every one to use.

[BrewMaster]

...and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. ...

never going to happen.
the other part about bitcoin supply being in satoshi was already mentioned but also you are missing the fact that if we feel that there really is a shortage of bitcoin we can always do something about it.
you can create altcoins all you like but none of them would be as dominant as bitcoin. if there really were a shortage of bitcoin in the future the bitcoin dominance would increase even further because of the law of supply and demand!!!

[warwar]

...and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. ...

never going to happen.
the other part about bitcoin supply being in satoshi was already mentioned but also you are missing the fact that if we feel that there really is a shortage of bitcoin we can always do something about it.
you can create altcoins all you like but none of them would be as dominant as bitcoin.

mining is still existing so it is difficult to say that there will be a shortage of bitcoin also that supply now is really big so it is difficult to say that the supply is going down. I do agree that you can make an altcoin but still cant dominate the bitcoin, its price or its characteristics but it could only have a great future.

[ashfer]

Bitcoins total mining capacity is 21 million only.Now the total strength of mined bitcoin is between 17 to 18 million only .After the completion of the 21 million bitcoin mining there will not be any type of shortage of bitcoin in the market because our simple market theory will be applicable, means whenever there is a shortage in bitcoin to the market naturally the demand will increase and hence its price also can be increased considerably ,that is always good for the investors.

[BrewMaster]

...and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. ...

never going to happen.
the other part about bitcoin supply being in satoshi was already mentioned but also you are missing the fact that if we feel that there really is a shortage of bitcoin we can always do something about it.
you can create altcoins all you like but none of them would be as dominant as bitcoin.

mining is still existing so it is difficult to say that there will be a shortage of bitcoin also that supply now is really big so it is difficult to say that the supply is going down. I do agree that you can make an altcoin but still cant dominate the bitcoin, its price or its characteristics but it could only have a great future.

no, it has nothing to do with mining and production of new coins. i think OP is mainly confused because he it thinking in terms of bitcoin instead of thinking in terms of satoshi. something similar to all those people who say they can not afford to buy 1 bitcoin because 1 bitcoin is wroth a lot! they don't know or forget that bitcoin is divisible into 8 decimals.

[jseverson]

I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited.

The 21,000,000 supply doesn't matter because Bitcoin is (or theoretically could be) infinitely divisible. This is also the main reason why it will never be "too expensive." You could buy some for $1 even at its $19k per coin peak if you wanted to.

That being said, I do believe there could be a shortage because supply is fixed. If the entire world HODLs, there will be a shortage. Said shortage will incentivize hodlers even more because it'll drive the price up. This is purely theoretical though, and it's not going to be as simple as it sounds. Take note that it'll take more than a century for the last coins to even be mined.

So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?

How is this happening right now? Lol. The only ones who ever say that Bitcoin is too expensive are people who don't know you could buy very small fractions. People are buying alts because they can make money off them. People only really use a handful for utility, and Bitcoin owns the lion's share of that.