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Reid
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October 19, 2020, 04:36:45 PM
 #41

Traders and panic sellers will have a big part in this shortage that will happen.
I think they are forgetting to consider that.
When supply is lower means a higher price.
A higher price means a selling point to those who want their cash back. Also, let us not forget the $20k buyers of 2017.
If it hits that mark again then I am sure they won't hesitate to sell.
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October 19, 2020, 04:54:44 PM
 #42

Traders and panic sellers will have a big part in this shortage that will happen.
I think they are forgetting to consider that.
When supply is lower means a higher price.
A higher price means a selling point to those who want their cash back. Also, let us not forget the $20k buyers of 2017.
If it hits that mark again then I am sure they won't hesitate to sell.

Ofcourse when the supply is low the price would likely go up because of the demand that it gives to the market, Theoretically, it would happen but there are many things that might happen. For me it
s hard to speculate now about the shortage of bitcoin on what is its effect on the market demand and the price range that bitcoin will show into the market.

I'm pretty sure that most of the 2017 buyers sold their bitcoins unless they believe in bitcoin so much and using it for a long time now, Being new to the crypto market and having a dump like that would be devastating to you, Lossing big in just a short period would take away the confidence of some investors on the ATH of bitcoin.
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October 19, 2020, 04:59:42 PM
 #43

It's hard to say at this moment but in theory shortage is possible in the moment when all Bitcoins are mined and we have huge demand on the market. But precondition for that would also be a huge price rise but like I've said, at this moment it's only speculation but I don't think we will experience Bitcoin shortage in real life.

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October 19, 2020, 05:07:59 PM
 #44

I have already heard since halving bitcoin that whales are accumulating large amounts of bitcoin, in addition to this which you mentioned now from the joining of new companies to the list of big bitcoin owners and their purchase of large quantities of bitcoin, all of this will surely lead to a shortage of bitcoin in the market.
The good side about this is that the bitcoin price will rise dramatically, most likely due to the lack of quantities offered, but the downside is that this means collecting Bitcoin in the hands of a small group of people and controlling prices.

I guess that might actually be a good thing for bitcoin market values since holding a big volume of bitcoin could potentially lower the supply making the market value of bitcoin increase.

At the same time that could also be a bad thing, a high volume of bitcoin from a group of people or whales meaning they could try to manipulate a market at some point. Also selling a big volume of bitcoin at one time could cause a big dump in the market can have a bad effect on the bitcoin. Still, we have a 21million bitcoin so I don't think shortage could be a problem at this moment even though mining is already a difficult thing after the bitcoin halving. The Bitcoin volatility also helps to circulate bitcoin from the community also giving profit to a lot of holders and investors.

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Twentyonepaylots
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October 19, 2020, 05:19:25 PM
 #45

A lack of bitcoin is impossible because bitcoin is broken down to 100,000,000 satoshi. There are always people buying and selling Bitcoin, bitcoin's value is determined by demand.
Even without a small denomination there is no such thing as shortage for bitcoin, bitcoin's trading volume is high and that fact alone will give a reason not to be unavailable for anyone. Scarcity must be the right word as bitcoin cannot be replenished, when we say shortage it is something that we consume like food or water that is having a flow, and with shortage it means there is something that interfere its flow unlike bitcoin.

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October 19, 2020, 05:40:32 PM
 #46

It's no wonder that bitcoin has stolen the limelight off most of the potential assets in the market during this pandemic.
Bitcoin has also outperformed every other assets over the last decade and is announced as the best performing asset of the decade.
This is indeed a big thing because many assets have failed to show their potential in the last decade.
Despite the huge dump in bitcoin's price it has recovered very well over the last few months.
May be this is why investors are throwing in their money to pile up bitcoins in their portfolio.
The pandemic has not even ended yet and we can see how this is ending up in the favor of bitcoin.

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October 19, 2020, 06:04:22 PM
 #47

Quote
The COVID-19 pandemic and its consequences show that building traditional investment portfolios is a mistake and therefore institutions are increasingly paying attention to bitcoins.

I wouldn't say this is true. Some companies like Zoom and the IT industry thrived during the pandemic. I'd say that the TRADS + BTC is better than just a TRADS-based portfolio.

Bitcoin is already a scarce asset as its maximum supply is 21M and 4M are considered lost. When you take into account that 90% of Bitcoin in circulation is not on exchanges and that institutions are starting to dip their feet in the market - the investment is a no-brainer IMO. And yes, we haven't seen a BTC characteristic breakout for a while.  Wink
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October 19, 2020, 06:24:49 PM
 #48

Does that mean the BTC price will go sky high or would it eventually fall drastically?  Shocked
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October 19, 2020, 06:40:17 PM
 #49

There is no shortage of bitcoins. People are willing to part with some of them for the right price. This is how the free market is supposed to work, and its working just fine.

Of course Bitcoin production is limited, and minting was designed to slowdown more and more overtime, following the logarithmic curve seen in the historical gold mining activity. This ensure its value won't be less as time passes. It could even increase a bit as come coins are lost forever (actually the coins are never lost, just the keys that can move them).

Want Bitcoin? Hit some exchange and buy, or, mine while you still can. Things are working as planned, and there are no sudden changes to the rules that could dramatically alter the perceived price. In fact, the less it changes, the better.

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October 20, 2020, 01:46:37 AM
 #50


   . Still, we have a 21million bitcoin so I don't think shortage could be a problem at this moment even though mining is already a difficult thing after the bitcoin halving. The Bitcoin volatility also helps to circulate bitcoin from the community also giving profit to a lot of holders and investors.

This is true, although it has been about five months since halving bitcoin, and despite the increasing difficulty of mining, we do not yet notice the lack of bitcoin quantities offered in the market, perhaps the reason is that there are already large quantities in the market and therefore it takes a year or more even We notice that the shortfall is occurring and then Bitcoin can start moving towards new highs.

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October 20, 2020, 04:39:41 AM
 #51

The exchange rates are down by around 45%, when we compare with the ATH levels. That means that instead of a shortage, we may be having an over-supply at the market. Prices have gone up by around 10% during the last few days, but I am not sure that this is a permanent trend. So all these talk about "shortage" doesn't have any logic behind it. After all, we need to remember that Bitcoin is indefinitely divisible. That should take care of any potential shortage.
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October 20, 2020, 11:34:18 AM
 #52



A lack of bitcoin is impossible because bitcoin is broken down to 100,000,000 satoshi. There are always people buying and selling Bitcoin, bitcoin's value is determined by demand.
Even without a small denomination there is no such thing as shortage for bitcoin, bitcoin's trading volume is high and that fact alone will give a reason not to be unavailable for anyone. Scarcity must be the right word as bitcoin cannot be replenished, when we say shortage it is something that we consume like food or water that is having a flow, and with shortage it means there is something that interfere its flow unlike bitcoin.




Convince. Bitcoin was created for P2P transactions. Bitcoin's value is determined at the time of the transaction so it is just a value intermediary like ordinary currency.
Bitcoin's value is always on the move and is not guaranteed by a company or other financial institution. Bitcoin's flow is tight by blockchain technology, the amount of Bitcoin is also fixed.
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October 20, 2020, 11:54:45 AM
 #53

I can't possibly see the shortage of bitcoin, becasue currently we have 18million+ bitcoin in circulation and which total supply is 21milion bitcoin. The truth here is, the price of bitcoin will drastically shift in this case becasue the demands in the industry will be more sporadic than the supply. With this, the industry will open more opportunity for the holders to make good returns from their holdings. For anyone discussing bitcoin shortage shouldn't lay emphasis on it total supply at the moment but coins in circulation and it demands.
actually i believe that we don't have 18 million bitcoin circulating now mate because there are many coins that has been lost in the air,meaning those currencies that has been lost Wallet keys or those who has been carried by the dead person in their grave so meaning that 18 million mined Bitcoin are already lower in volume .
Does that mean the BTC price will go sky high or would it eventually fall drastically?  Shocked
for me Skyhigh soon,because the lower the volume is the higher will be the demand.

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October 20, 2020, 05:35:48 PM
 #54

Although many of these companies are actually buying these coins to hoard as a form of investment causing a huge reduction in the number of coins circulating in the market, I do not believe it'll cause a potential shortage of bitcoins in the market.
You should know that there will always be sellers in the market which means there'll always be coin circulation.
You should also know that despite the huge amount of money spent in buying these coins, it is only but a small percentage of total supply of bitcoins. There is still a whole lot of coins out in the market that is being traded (bought and sold) on a day to day basis.
Even if there'll be a shortage of bitcoins, it will take quite a number of companies to buy at the $250million rate to cause a significant reduction in the number of coins circulating in the market

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October 24, 2020, 03:08:12 PM
 #55

Having a shortage means people are starting to lose interest with Cryptocurrencies but that news is still not possible within the decade.
Having a shortage of bitcoins is in fact a sign that bitcoin is getting popular, if institutional investors are buying the coins coming from the miners before they even touch the markets that is good for all of us as if thy keep doing this sooner or later the lack of supply will be felt and then the price will go up.

I have strong suspicions this is exactly what is happening now, the halving happened months ago and as we know the effects are not immediate but once the number of coins coming from the miners go down this will eventually felt by the markets but when we add institutional investors to the mix there is now a real possibility for bitcoin to go up in value considerably during the next years.

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October 24, 2020, 04:11:29 PM
 #56

The exchange rates are down by around 45%, when we compare with the ATH levels. That means that instead of a shortage, we may be having an over-supply at the market. Prices have gone up by around 10% during the last few days, but I am not sure that this is a permanent trend. So all these talk about "shortage" doesn't have any logic behind it. After all, we need to remember that Bitcoin is indefinitely divisible. That should take care of any potential shortage.

It's not really fair to compare demand with the ATH levels, since ATH existed for mere moments and was a result of a huge speculative bubble. So, if you instead compare it to more recent levels, like the $10k range which lasted for many months, things indeed do look good for Bitcoin, especially if combined with all the recent bullish news, like companies using it as reserve asset or PayPal's entrance.

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