jrrsparkles
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Eloncoin.org - Mars, here we come!
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July 19, 2018, 07:55:38 AM |
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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?
It will never happen because bitcoin can be divided in to how many parts we want so still people can use bitcoin even the population increases more.But the problem will be over expensive will make it as an asset over curreny so people will never spend bitcoin in their daily life. |
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████████▄▀████▀█████▄▄ | .
"I could either watch it
happen or be a part of it"
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lehuyaxib1
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July 19, 2018, 07:57:28 AM |
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Not a chance, because 17m bitcoin is in the world
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0t3p0t
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July 19, 2018, 08:01:35 AM |
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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?
Yes you are correct and there is a possibility that Bitcoin shortage will happen it is because of the fact that people see it as an investment not as a currency where it's existence and purpose will be. As the Bitcoin and cryptocurrency community will rise the hodlers will also rise and the more people will hidl BTC the more the supply will be getting scarse and that is why prices will also goes up to the moon. I know that time will come that every satoshi will be worth like hundreds or thousands of dollars in the future. |
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dinhthin5446134@gmail.com
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July 19, 2018, 08:03:40 AM |
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Because a lot of Bitcoin is kept by investors, and that makes Bitcoin a scarce source and many want to own it.
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hacekd
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July 19, 2018, 08:04:04 AM |
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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.
The exchange rate of bitcoin has increased quite rapidly in recent years which of course be a distinct advantage for you who invest bitcoin sell at a higher price than when you buy it. Because of its limited number it is believed that bitcoin prices will get higher and higher, as well as gold prices. |
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timonig
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July 19, 2018, 08:34:29 AM |
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That is one of the reasons price will skyrocket. Just wait when start nearing the last bitcoin mining date.
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skye0_0
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July 19, 2018, 09:20:00 AM |
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I think it is possible, If the circulation is large, it will be worthless.
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jiandong
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July 19, 2018, 09:24:09 AM |
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bitcoin can be divided into how many parts we want so people can still use bitcoin even the population increases more. But the problem will become more expensive will make it a more curreny assets so people will never spend bitcoin in their daily life. Because they also need savings.
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pat4cryptoreal
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July 19, 2018, 10:05:20 AM |
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The quantity of bitcoin may not be equivalent to the number of people we have in the world but when it comes to the point of high demand by everyone across the globe the only option left will be to have only in satoshi.
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CJ7
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July 19, 2018, 10:09:02 AM |
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due to the static lability of bitcoin that makes it unbelievable in some countries.
I think it's a shortage that's in bitcoin at the moment.
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goodluck0319
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July 19, 2018, 10:27:06 AM |
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I think there will be a drawback not only because it will buy all, but also because part of the still lose)
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Aleksandr_ov
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July 19, 2018, 10:34:50 AM |
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I think that while people are engaged in speculation and buy and sell, bitcoin will continue to grow until a certain mass of people want to buy it, and another to sell
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bitfocus
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July 19, 2018, 11:14:11 AM |
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21 Million Botcoins are really little for the world population, I guess.
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loragean03
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July 19, 2018, 11:15:54 AM |
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when all people are adopt this bitcoin in the future, of course there will be a shortage of that, because bitcoin has only limited supply, and this will be more become expensive in the near future, apparently, if theres a shortage on the supply of bitcoin, theres an altcoins to be use to limit the shortage, so the markets become more busy ups and down, meaning all the early birds become more richer and richest when its happens.
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suzanogbomo
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July 19, 2018, 11:18:51 AM |
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It is not really such a big issue since bitcoin is easily divisible into tiny fractions.Also everyone is already aware that the maximum amount is 21 million, it is this that partly drives the price
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Kay94
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July 19, 2018, 11:20:27 AM |
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For btc shortage I think it wont be possible but if there is shortage it will be at the people who sell and buy btc and not the whole btc ecosystem.
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Assface16678
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★Bitvest.io★ Play Plinko or Invest!
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July 19, 2018, 11:35:14 AM |
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There is actually no need for other coins. That is why we have mBtc and satoshis.
We can now use it like millions of coins which is seen with altcoins. Imagine if 1 satoshi gains a larger value, then how can you even spend a bitcoin in just a day?
This vould happen only if we all make it as valuable as it should be. You see, this alts could divide the investment which should have been for bitcoin for more demands to come in.
Simple econimics if the buyer wanted to purchase more the market would probably create products with a high selling price in able to sustain the needs of the buyer. Just like in bitcoin, it will not probably experience shortage but the prove will rise, and that is what is everyone wanted to get. High value bitcoin. It will be a cycle, people will buy, then some will sell, then buy and sell. Because people needs something to sustain needs so with bitcoin as a form of medium they will probably sell. |
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Clark05
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July 19, 2018, 11:38:49 AM |
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Now I don't think shortage of the bitcoin supply because incase bitcoin supplry shortage the price of the bitcoin is very high and because shortage incase happen satoshi nakomoto create again bitcoin or add bitcoin demand for us to earn more money.
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Roukawa
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July 19, 2018, 11:42:11 AM |
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Probably yes! There is a limited supply of bitcoin that mines everytime there is a transaction. However, instead to fear about the scarcity of its supply, I think it is more good to us. Since there is a shortage in the supply, the price easily goes up specially if there are lots of investors that will invest, it will result for a bull market.
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amacar2
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CryptoTalk.Org - Get Paid for every Post!
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July 19, 2018, 11:42:33 AM |
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What you have stated is known factor for the constant increase in bitcoin's price so nothing new.
Almost every trading asset's price depend upon supply and demand of the asset. Gold supply is not limited but its hard to mine that's why its price is high, bitcoin have limited supply and hard to mine so its price tend to increase more than other metals like gold, therefore interms of investment bitcoin is better than even gold.
When all 21 million bitcoin will be mined its hard for most of the people to even hold 1 full BTC.
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