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Author Topic: If the price of bitcoin increases  (Read 1167 times)
ReiMomo
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May 29, 2020, 05:21:57 PM
 #21

The maximum supply of bitcoin will never change and the market cap is 21 million if it exceeds it will bring pandemonium in bitcoin space. Once we reach the market cap a new fork may be created but will never have an addition on it like providing lower denomination to suffice the needs on the demand.

I guess you are just new and I understand that there are still lots of questions you have in mind about bitcoin because the main idea of your thread is really far from the truth and the articles that you have read gave you so little information at all.

You might want to read the bitcoin white paper as well in order for you to have the correct information and basic knowledge about bitcoins.

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May 29, 2020, 07:52:27 PM
 #22

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
In this situation, demand increase supply increase. In this situation demand increase = value increase because we have limited supply. When there is limited supply but demand rises, you can't just split it, instead, you increase its price and this thing becomes more valuable. When the thing is valuable, it's pieces have much more value too. So, as a result, if 0.00000001 worths 0.000094 USD right now, it may be worth 0.094 if demand increases 1000x and this number will go so on. Of course, this isn't accurate calculation cause I wrote it just for example and no one knows what will happen to USD or btc and in overall how bitcoin will be able to handle even 10x more demand.

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May 29, 2020, 11:59:43 PM
 #23

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

I think there's a mix up on either how your trusted source conveyed the information or how you perceived it because bitcoin has a fixed supply of 21,000,000 coins and no other coin will be created after that. Although, that's not the circulating supply and to clear things up, bitcoins are not being added to the circulating supply when there is increase in demand, it is being added through mining processes.

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May 30, 2020, 04:30:06 AM
 #24

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.
and the My question is very simple ...
Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
bitcoin circulation is fixed. Not going to change, No matter if the demand of  bitcoin get increase or decrease.  You are with bitcointalk since 2017 and i wonder, you don't know about it yet! And what do you mean "trusted source" mate?  You shouldn't believe anything until your own investigations.
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May 30, 2020, 08:24:23 AM
 #25

Maybe it is possible to increase the supply, but there are no such plans to do that yet. So, from that I can say that once the twenty one million coins are mined, and the demand keeps increasing, what's going to happen is that the price of Bitcoin will keep on increasing to be enough for all the buyers. I know that some have claimed that it wouldn't be enough, but that's not true. There are people who are trading Bitcoin every day.

So, no matter what happens, you will always be able to buy cryptocurrency whenever you need it. The only thing is that the price will keep increasing as the demand keeps increasing and when the demand starts dropping it will also drop in price and you must look for making use of "drops" to get benefits even in short term. You may opt for long term holding to get maximum benefits. Long term = years involved.
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May 30, 2020, 06:55:53 PM
 #26

Firstly you need to change your source of information. Supply of Bitcoin is fixed,If anybody in the world could increase the supply or has the right to do Soo than he or she would be one the richest person in the world. Secondly the volatility and high price that you see now would be impossible if the supply could be increased.This you can see in Fiat market also as the company with greater volume are lesser in price as compare to compare to companies with lesser volume.
 
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May 31, 2020, 04:17:58 AM
 #27

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

I dont think total number of bitcoins in circulation can be increased, cause it works on an algo and its already made in 2009 and it can not be changed.

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May 31, 2020, 04:25:37 AM
 #28

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

Since total amounts of bitcoins cannot be increased so if the demand increase, the price will increase too. That the reason there is no inflation in bitcoins. As the time passes by, more people will use bitcoins making bitcoins much more expensive.

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May 31, 2020, 06:37:22 AM
 #29

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
Trusted source? But those source of information seem's like misleading and doesn't know how things work.
The supply is fixed there wouldn't be any adjustment because of the demand after all one Bitcoin could be divided into small pieces called Satoshi so we don't really need to get more than 21M supply.
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May 31, 2020, 07:17:26 AM
 #30

Bitcoin's supply cap is fixed. It can't be increased

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May 31, 2020, 07:52:25 AM
 #31

Bitcoin's supply cap is fixed. It can't be increased
actually its already decreased because there are many Bitcoin that has been Gone as other holder dies with their private keys,and other had losses they keys and cannot be recovered their coins anymore..

This is the reason why in time the price of Bitcoin will surely grows because of 21 million coins to be circulated now we maybe had 50-70% in circulation and some small percent still under mining.

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
Trusted source? But those source of information seem's like misleading and doesn't know how things work.
The supply is fixed there wouldn't be any adjustment because of the demand after all one Bitcoin could be divided into small pieces called Satoshi so we don't really need to get more than 21M supply.
all are speculative and nothing is certain until it happens,this is the problem if we are believing what others says without any assurance.
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May 31, 2020, 11:56:14 AM
 #32

I don't know if your calculation is correct. But I don't think there is any way to increase the number of bitcoins. Once the market cap is fixed then there seems to be no way to increase the number of currencies. Yes, it is true that the demand for bitcoin will continue to increase day by day. Every day people are entering the online world. It is true that the demand for bitcoin will increase day by day but there is no way to increase the number of bitcoins.
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May 31, 2020, 12:03:05 PM
 #33

Who will increase the amount of bitcoin, if then the demand increases ??

No one.

The amount of Bitcoin will be increased by mining though the total supply will not be increased. If the demand really increases, that is enough to talk about adding supply since the higher the demand, the better the price. If you will be adding more to that supply it will affect the price and the demand, more importantly, adding supply will not happen. Just imagine a satoshi having a price of $1000, at that point, we don't need to add more supply.
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May 31, 2020, 12:06:25 PM
 #34

~
Trusted sources?? I don't think that you will trust them this time as they are sharing the wrong information regarding Bitcoin.

The total supply of Bitcoin is fixed at 21,000,000. No one will increase it if the demand increases and that is why Bitcoin is Deflationary unlike the fiat currency which is Inflationary. Less Supply, More Demand = Higher price (Simple law of supply and Demand law).

Regarding your 2nd question, it is not understandable so I will leave it unanswered. Regarding to your trusted source, don't trust that stupid shit anymore.

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May 31, 2020, 12:17:06 PM
 #35

I understand that a person who becomes his reliable resources is also pretending to become reliable. I don't know if they are telling lies to you or you are the one who doesn't understand.

Anyway, it was sorry but I just like to clarify that 21 million is fixed, maybe it is not already at the exact amount because of many unrecovered wallets that have Bitcoin inside and lost. If we can remember last 2017 Bullrun, do we saw that there is a shortage of bitcoin supply? There is nothing and it because 21 million circulating supplies couldn't be mined totally. So there is no need to create another (million) Bitcoin.



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May 31, 2020, 12:28:52 PM
 #36

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
The price of bitcoin is high in the range of $10k is just because of its limited supply and if it were not the case and unlimited coins would have been minted then I dont think the same price would have been achieved by bitcoin.
And in future if there comes a condition that the developers would have to increase the supply of bitcoins then there would be 2 parties, one that support the increase of maximum supply and the other party that doesn't support the increase of supply. So there would be higher chances of a blockchain fork just like we saw in the past with ethereum and bitcoin itself.

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May 31, 2020, 01:21:32 PM
 #37

Is the source you are talking about is the supplier? I like that there is no supplier on the bitcoin that increase the market price and the supply of the coin all the time instead we have contributors first is the miners those are the people who mine a lot of bitcoin and they become rewarded half of the block, next is the investors or the people who bought a lot of bitcoin and sometimes they are the manipulators on the market because they have the largest contributors. Also the people like us that normally support the use of bitcoin on our daily transactions because it has a lot of benefits and advantages. By that, we can contribute a lot too not as a single person instead of a whole community.

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May 31, 2020, 01:35:37 PM
 #38

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
Bitcoin supply is limited and fixed to 21Million and this is known by the creator Satoshi that a limited supply will make it valuable. That means no one can increase the amount of bitcoin.The market demand can make the it more and more valuable. I think you need to learn the law of supply and demand and study the history and essence of bitcoins limited supply. Then i'm sure you will understand and able to answer your question.

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May 31, 2020, 05:15:56 PM
 #39

In my opinion, you have incorrectly gathered information from your trusted sources. Because I don't think they know anything about bitcoin, because if they really know something about bitcoin and even the basic principle of bitcoin, they won't give you the wrong information you know from them. Because the total number of bitcoin circulation is 21,000,000 it will not increase despite the increase in bitcoin demand. Because no one can add or subtract it because it is a fix And nobody can do it even the bitcoin maker itself can't do it. And while the demand for each bitcoin will rise, even if it is priced per piece a million or even higher, the supply of bitcoin will not change.
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May 31, 2020, 10:48:33 PM
 #40

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
Actually no one can increase or decrease the quantity of bitcoin, the number is fixed but mining all those 21 million bitcoin will take too much time like 120 years more even currently 85% of bitcoins were already mined due to halving rewards.If someone tries to increase the quantity then their blockchain will get void with other running nodes that is why blockhain is trustless and completely decentralized.
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