Is limited supply money such as Bitcoin better than the ...

[kotajikikox]

Well for me is not.my own reason is that we still need a fiat money. Why Im saying that bitcoin is not better than current money because money is use all over the world unlike bitcoin is limited use by selected countries.as we all know some country ban of bitcoin.although the value of bitcoin is better than fiat money. But I believe bitcoin is the money of the future.

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[MonsterV]

The primary aim of Bitcoin creation was to be a payment method and not a currency.

A medium of payment can be called as a currency therefore bitcoin's creation was meant to be a currency and it's just the same as payment method.

I think you are wrong, not all payment methods are currencies, for example gold, gold can be a legitimate payment method and gold remains not as a currency. One more, I have bought something in the PlayStore, I use the method of paying credit, then is the credit recognized as a currency?

Actually, if seen from Satoshi's goal, it is true, he created bitcoin to make new innovations in transactions between P2P-based users and decentralization.

Is limited supply money such as Bitcoin better over the current forms of money?

I think yes, because bitcoin is more unique than infinite fiat. The popularity of bitcoin is increasing, of course not only from the system it adopts, but from the amount of supply that is increasingly scarce, therefore many people see the potential for bitcoin, so they use it as an investment field.

[agatha90]

Actually fiat money and digital money are still interdependent. Digital money is bought with fiat money, and digital money can be exchanged with fiat money such as usd, euro and others.

[kanayaTabitha]

Is limited supply money such as Bitcoin better over the current forms of money?

For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.

do you discuss this for an investment value or the use of a currency?
in my opinion, if viewed from an institution or country, the money supply should not be limited but can be regulated by the responsible institution. if a country has limited money but their country does not have the potential to develop then the money will not have value and the country will be destroyed. we are not talking about the benefits of having coins. coins are used as their function.

[kryptqnick]

Is limited supply money such as Bitcoin better over the current forms of money?

For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.

Limited supply prevents hyperinflation, which is a major problem with fiat. Humans cannot resist the temptation of having too much of the good stuff, thus making it less valuable in the end. Bitcoin cannot be issued or found more than expected and technologically possible. This takes the power from people and institutions, at least in a way not letting them make the currency less valuable. A lot of economists think it's a bad thing, though. They argue that if money gets more valuable, people are not encouraged to spend it ("I won't buy it today, because it will cost me less tomorrow" thinking). However, this assumption presumes perfectly rational agents, and people are not like that. In practice, there just haven't been to many cases of deflation to see whether it's a good model. There have been lots of problems with inflation, though, but economists are blinded by their theories, so they don't seem to care.

[suzanne5223]

Is limited supply money such as Bitcoin better over the current forms of money?

For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.

It determines the aspect you're talking about actually but we both know that if the demand of currencies printed is lower than supply it will lead to deflation or negative inflation and with bitcoin having a limited supply is better than fiat currency have excess supply. However, if bitcoin reaches the total 21 million coins it demand will be off limit.

[adzino]

Is limited supply money such as Bitcoin better over the current forms of money?

For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.

Gold can be found, but the metal is not unlimited in existence. The concept of "scarcity" can be used here. The more the scarce something is, the higher the value of that thing will be. Look at what happened to countries that started to print money. The value fell down and became totally worthless. But since, the amount of bitcoin is limited, as more people starts to adopt it, the value will eventually go higher.

[jvdp]

Is limited supply money such as Bitcoin better over the current forms of money?

For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.

Everything has its own limit. I believe you do not know about the currency printing revolution in the marketplace. We see the people are want to have money but to stop some problems only this taxation, land charges and many things have been implemented.

This bitcoin is decentralized money so no one can have the control over it. In that big place bitcoin is standing now. I am not sure how you are saying simply it has limit.

[Kocret02]

Is limited supply money such as Bitcoin better over the current forms of money?

For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.

Limited supplies such as bitcoin have the advantage of very fast fluctuations. gold and dollars because they were created in large numbers they cannot have a fast and high price increase like bitcoin, so I think the limited supply of bitcoin has these advantages and is better than gold and dollars in terms of rising values.

[Tylev]

Is limited supply money such as Bitcoin better over the current forms of money?

For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.

It is necessary to take into account that any money is just the equivalent of our existing material values and the cost of the services provided. Cryptocurrency has several advantages compared with the usual currency of the states, however, it has several disadvantages. Therefore, it is hardly possible to compare them among themselves. These are completely different financial assets. Let them better complement each other with their different capabilities.

[kingpin4321]

The normal system of money has history of experiencing inflation but bitcoin being a limited supply of money can evade such problem that are encounter by the other form of money. But I feel when bitcoin becomes widely accepted it would have to adjust to demand

[Msworld83]

There will be a rational deflation on a very low supply than that of infinite supply in term of money which as at today we have inflation in every country currency of nothing less that 2% .

But in cryptocurrency it is in order way round d which I think is far better and will add value to what you have currently in future rather than devalue o
unlike money.

[Ucy]

Well, gold has limited supply too. The ancient world has been using scarce currencies with limited supply for good reasons until recently.
Why people choose Scarce currencies over unlimited ones
1. Scarce is valuable and attractive
2. Scarce currencies are hard to fake.
3. They are hard to manipulate.
4. Requires alot of hardwork to create.
5. They last very long
6. They increase in value

[ideas500k.com]

Well, gold has limited supply too. The ancient world has been using scarce currencies with limited supply for good reasons until recently.
Why people choose Scarce currencies over unlimited ones
1. Scarce is valuable and attractive
2. Scarce currencies are hard to fake.
3. They are hard to manipulate.
4. Requires alot of hardwork to create.
5. They last very long
6. They increase in value

If the universe is infinite, there is an infinite supply of gold.

[Lily_Olive]

Awww i think investing in bitcoin is better than Gold.. And i also think that gold is not better.. well  it totally depends on you that what  you chose or what you skip..

[Lily_Olive]

Well, gold has limited supply too. The ancient world has been using scarce currencies with limited supply for good reasons until recently.
Why people choose Scarce currencies over unlimited ones
1. Scarce is valuable and attractive
2. Scarce currencies are hard to fake.
3. They are hard to manipulate.
4. Requires alot of hardwork to create.
5. They last very long
6. They increase in value

Gold is also  infinite.. these all are gold properties???

[Kucink]

limited coin that mean every time coin will have a limit stock and can't build more.
i think that is good for coin growth, becuase when coin is hard to find this will automatic make a price grow up.
this is a good marketing strategy, we can look a limit supply of BTC and then BTC is on the sky with high price.

[whyrqa-1]

if someone talks about Bitcoin limits, then today this question is not relevant, since there is moderate demand and supply in the cryptocurrency market.  If this coin were more, then its price would be noticeably lower.  No wonder many companies ignite their coins to improve the position of their coins in the cryptocurrency market.

[pixie85]

It's always better. Every instance of some government or ruler weakening the currency ended badly for the economy and for the country. Centuries ago when coins were made of silver and gold people found a way to debase the coin by adding some impurities or other less valuable metals to it to make more.

You can't do it with Bitcoin and this is where its strength lies.

[Shenzou]

Is limited supply money such as Bitcoin better over the current forms of money?

For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.

Technically all the other paper currencies like EURO, USD should be limited as well in order to preserve their value, but due to economical problems some countries tend to print more which leads to inflation which means their currency loses some of its value such is the case of countries like Zimbabwe and currently Argentina and that is all because they have the possibility and the power to print it, but with the bitcoin there is no such thing as creating more bitcoin we can't do that the network already has a limited supply that can't be copied or changed and that is what makes bitcoin special and that what makes its price always going up.