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Author Topic: Is it possible to have bitcoin shortage?  (Read 2993 times)
zxcv cool
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August 13, 2018, 03:44:36 PM
 #221

It's not likely. There's always BTC trading in the market. If BTC demand is high, do you think BTC prices will keep falling? The price of BTC will fall because demand is not high.


PJLimbo
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August 13, 2018, 03:48:01 PM
 #222

In the event that it is conceivable, I dont think bitcoin was even made for everybody to hold a bitcoin for each person. Perhaps you misjudged the genuine motivation behind bitcoin. However, in the event that it comes to a point wherein bitcoin would all be mined then that would be the time the cost expands in light of lesser supply and more on the request
Dadaro
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August 13, 2018, 04:16:30 PM
 #223

No. Not gonna happen. The demand for it will rise up resulting in higher price because the supply got fewer. Law of supply and demand.
derekeaton
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August 13, 2018, 04:35:51 PM
 #224

Bitcoin and the truth may well not be enough for everyone who wants to buy it since they are limited. This is one of the reasons for their high price.
kapalmabur
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August 13, 2018, 04:42:46 PM
 #225

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?
Bitcoin supply is limited, but as long as there are transactions I think the supply of bitcoin will not run out,
unless all bitcoin owners store the bitcoin they have and never sell it, but is that possible? try thinking again.
Redredred
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August 13, 2018, 06:59:13 PM
 #226

It has been estimated that the last Bitcoin will be mined around 2140. So many people have projected that there could be a shortage after all Bitcoin has been mined.
But this wouldn't happen if Bitcoin is serving it's purpose as a currency. This way Bitcoin people wouldn't hodl BTC and there could be proper exchange of the digital currency.
Dmitry.Vastov
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August 16, 2018, 08:46:27 AM
 #227

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?
I think not yet possible that bitcoin will get shorted because we can see that bitcoin is continuously mined and there are millions of people who are investing into bitcoin and there are millions of bitcoin present in the market and this is like other Fiat currencies which keeps on circulating and there are very rare chances that it could ever be fell short otherwise bitcoin bitcoin is very sustainable crypto currency and I am sure that it will last for many decades.
Tashi
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August 16, 2018, 01:33:53 PM
 #228

Yes it is.  Bitcoin is limited and it will never enough for everyone. Also if shortage happened,  the value will be very high making it's user / investors really wealthy.

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FlightyPouch
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August 16, 2018, 01:37:10 PM
 #229

Yes it is.  Bitcoin is limited and it will never enough for everyone. Also if shortage happened,  the value will be very high making it's user / investors really wealthy.

well, Bitcoin has a limited supply so that will be obvious that not everyone will not get a share on the supply of Bitcoin. And the more that everyone wants to get a share of Bitcoin, the more the demand became higher and the more the price of Bitcoin will rise since the price of Bitcoin is based on the law of the demand and supply.

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gharjas2517
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August 16, 2018, 01:40:36 PM
 #230

The shortage of Bitcoins is possible. I think every big increase in the price of Bitcoins is due to a shortage of Bitcoins. We all know that Bitcoins were designed to cut production by half every four years. This rule is thought to have something to do with the previous two bull markets.
KS03
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August 16, 2018, 02:13:51 PM
 #231

The price will skyrocket (as it has in the past) if we start to get a tightening supply of Bitcoin.  I doubt a shortage is possible.  Everyone has their price.  The ETF will allow the banker/govt to print unlimited bitcoin.  That will be interesting. 

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August 16, 2018, 03:08:15 PM
 #232

It must be noted that all resources are limited, but it depends on how we use them, to make them beneficial for our world
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August 16, 2018, 03:38:18 PM
 #233

I think it will happen when bitcoin stops mining new coins. There is gonna be more demand and less supply. But seeing the situation of current market, I have become stressful. I do feel things would be better after some time but this time is tough for crypto traders.
Vulcansalute
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August 16, 2018, 04:02:43 PM
 #234

There cannot be a bitcoin shortage. It has limited supply , so if there is more demand , the higher the prices, that is why it's better than common fiat which has somewhat unlimited supply leading to inflation. That's why bitcoin is better than fiat but the powers that be will not let it come to the fore.
bitlind
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August 16, 2018, 05:29:00 PM
 #235

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?
If I understood that correctly I think that my name of the last block is unavoidable and bitcoin supply will never be decreased that it was initially created, but after that the price will as well unavoidably grow.
melkola
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August 16, 2018, 05:32:06 PM
 #236

I believe that if will several dominant, global coins, then this will be very well. Because now many crypto-currencies are somehow tied to bitcoin and react very strongly to the change in its price. But there are those who react in the other direction. The more global coins will be on the market, the better I think so.
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August 16, 2018, 05:34:45 PM
 #237

I don't think bitcoin will ever short. The price will rather increase drastically. Maybe 1 SAT might be worth $10 or $100 in some years to come. It all depends on the scarcity but it will still be enough. And maybe we may start trading and selling sub satoshi like CryptoHub is doing.
Lakshanl
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August 16, 2018, 05:56:37 PM
 #238

First of all, every Bitcoin can be broken down into 100 million Satoshi. This is the real unit of the cryptocurrency. In addition, new bitcoin is being added to the supply continually.

Although the new cryptocurrencies have names like "Bitcoin Cash" or “Bitcoin Gold," they have value because of their association with bitcoin and effectively increase the total supply of the bitcoin "brand."

The acceptance and use of a cryptocurrency gives it real long-term value. This is the next development in the world of blockchain, and it is already taking place. Political arguments regarding decentralized authority are less important than the real-world goods and services that can be obtained with the coin.
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August 16, 2018, 05:59:47 PM
 #239

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?
Yeah i agree with yours , that in near future we will see bitcoin shortage. I mean worlds total population 7.5 Billion. And as the blockchain technology now reaching to almost every countries and as it is very cheap , it is matter of time that many people will learn more about it and will be very much interested in btc. But bitcoin total supply 21 million among those ~17 million Already mined and it is a matter of time that all btc will be mined ( though mining becoming more difficult with time). Then definitely we will see bitcoin shortage . But this can also be a good news to us  , because due to limited supply and more demand price of bitcoin will increase simultaneously which can affect the whole crypto market.

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August 16, 2018, 07:11:03 PM
 #240

Yes it is possible since its supply is limited to 21 million only. If the interest in bitcoin rises at a parabolic rate then it is for sure that it will be really hard to lay your hand on bitcoin.
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