21 million BTC, is it enough?

[CamilaStar]

Yes I think it's enough
Because each Bitcoin can be divided into 100,000,000 units Satoshis sats. 1BTC= 100,000,000 sats, so this means that there are effectively 2.1 quadrillion Satoshis in total
So even if Bitcoin gets to a very skyhigh price, there will be no need to hold a whole Bitcoin to your self. We can just make transactions and save in tiny fractions. so that's it, if Bitcoin had an unlimited supply like regular Money, it would lose purchasing power and value over time

[348Judah]

It even has to be enough because we have never had it been enough right from the start in using fiat, that's why cryptocurrency is making a turnaround changes to make the overall financial economy more decentralized and limited in supply, that everything could be in place when we run under a decentralized economy, Bitcoin fixed supply is not a bad idea right from time, and that is why we couldn't achieve having inflation incidence on the decentralized network.

[tygeade]

this means that there are effectively 2.1 quadrillion Satoshis in total

You forgot that a digital money can be divided into any number of decimals and the current 8 decimals is NOT a final thing. It means, with the current supply, you can serve any number of world population. I guess the time has arrived for innovating a new unit which is smaller than he current unit 'satoshi'. Multiple topics for this had been discussed here. Let's wait for what bitcoin devs will bring on table.

if Bitcoin had an unlimited supply like regular Money, it would lose purchasing power and value over time

Will value over the time? I agree but after how long? This is the reason, supply of bitcoin is capped.

[CryptSafe]

Yes I think it's enough
Because each Bitcoin can be divided into 100,000,000 units Satoshis sats. 1BTC= 100,000,000 sats, so this means that there are effectively 2.1 quadrillion Satoshis in total
So even if Bitcoin gets to a very skyhigh price, there will be no need to hold a whole Bitcoin to your self. We can just make transactions and save in tiny fractions. so that's it, if Bitcoin had an unlimited supply like regular Money, it would lose purchasing power and value over time

I believe this is one of the major reasons why Satoshi invented Bitcoin with a limited supply so that it would not devalue over time. However, the limited supply calls for every sat's continued increase in demand and value as the adoption continues to increase globally. As time goes on, every fraction of a satoshi gets more value as the demand keeps increasing, so 21 million satoshi is enough to sustain the world as the value keeps appreciating over time.

[Zaguru12]

I believe this is one of the major reasons why Satoshi invented Bitcoin with a limited supply so that it would not devalue over time. However, the limited supply calls for every sat's continued increase in demand and value as the adoption continues to increase globally. As time goes on, every fraction of a satoshi gets more value as the demand keeps increasing, so 21 million satoshi is enough to sustain the world as the value keeps appreciating over time.

It is not even about believing bitcoin supply is one of the major reasons why it is getting this rate of adoption, aside the other reasons that gives people freedom own it like they want unlike fiat, bitcoin been a limited is why most people are cherishing it as an asset. Look at gold and other mineral resources their limitation even though not as confirmed as bitcoin is why they are been invested in. This supply limit is part of the reason why bitcoin bull run is usually after the halving, because with the halving period happening it is signaling that bitcoin supply from mining is drying off.

As for if it will be enough? I think as a currency bitcoin 21 million supply is simply more than enough, at the current ATH we do not even use a bitcoin for transaction but rather some thousands of satoshi, now should bitcoin get to $1m then satoshi can be also be spread out. But the major thing is bitcoin right now is been treated more of an asset that’s why most institutions are holding. In the future it will be hard to get a hand on it that’s why the best time to invest is now

[SilverCryptoBullet]

So even if Bitcoin gets to a very skyhigh price, there will be no need to hold a whole Bitcoin to your self. We can just make transactions and save in tiny fractions.

People can make Bitcoin transactions if its amount in satoshi is equal to or larger than minimum thresholds that were set up for preventing dust attacks. They certainly don't have to buy 1 bitcoin or whole bitcoins like 2, 3, 4 BTC.

so that's it, if Bitcoin had an unlimited supply like regular Money, it would lose purchasing power and value over time

Bitcoin has its high value by other things like decentralization, censorship resistance, and strong network security as well as non custodial instinct for users.

Altcoins can have lower total supply than Bitcoin and they can have burn programs too but all those things don't make altcoins are more valuable than Bitcoin. Bitcoin has no buy back and burn programs so far in its blockchain history.

[CryptSafe]

I believe this is one of the major reasons why Satoshi invented Bitcoin with a limited supply so that it would not devalue over time. However, the limited supply calls for every sat's continued increase in demand and value as the adoption continues to increase globally. As time goes on, every fraction of a satoshi gets more value as the demand keeps increasing, so 21 million satoshi is enough to sustain the world as the value keeps appreciating over time.

It is not even about believing bitcoin supply is one of the major reasons why it is getting this rate of adoption, aside the other reasons that gives people freedom own it like they want unlike fiat, bitcoin been a limited is why most people are cherishing it as an asset. Look at gold and other mineral resources their limitation even though not as confirmed as bitcoin is why they are been invested in. This supply limit is part of the reason why bitcoin bull run is usually after the halving, because with the halving period happening it is signaling that bitcoin supply from mining is drying off.

As for if it will be enough? I think as a currency bitcoin 21 million supply is simply more than enough, at the current ATH we do not even use a bitcoin for transaction but rather some thousands of satoshi, now should bitcoin get to $1m then satoshi can be also be spread out. But the major thing is bitcoin right now is been treated more of an asset that’s why most institutions are holding. In the future it will be hard to get a hand on it that’s why the best time to invest is now

I believe we are still on the same page with Bitcoin's limited supply being the same reason people cherish it, and also as the reason why Satoshi invented it with a limited supply, because when the demand for it keeps increasing, the price for every sat increases as well, making it a much valued asset to hold onto.  Little wonder nations decided to make it a national reserve because they know that in the future, the price would skyrocket when the whole world fully adopts it and looking at the current world population, if every one person holds a fraction of it, the price for 1 btc might be much higher ythsn it is now making it a treasure asset than gold to say. Obviously, the best time to take a spot as a bitcoin holder is now.

[FortuneFollower]

Would you need something less than satoshi as of now? - No.

Then just roll with it

[cr1776]

Yes I think it's enough
Because each Bitcoin can be divided into 100,000,000 units Satoshis sats. 1BTC= 100,000,000 sats, so this means that there are effectively 2.1 quadrillion Satoshis in total
So even if Bitcoin gets to a very skyhigh price, there will be no need to hold a whole Bitcoin to your self. We can just make transactions and save in tiny fractions. so that's it, if Bitcoin had an unlimited supply like regular Money, it would lose purchasing power and value over time

It is what it is.  If the limit wasn't there it wouldn't be bitcoin, it would be an alt and it might as well be the Euro or Dollar or some other infinitely inflatable currency. 

[tabas]

So even if Bitcoin gets to a very skyhigh price, there will be no need to hold a whole Bitcoin to your self.

Settling aside the transactions. There is not enough Bitcoin for everybody and the scarcity that it has is one of the reason even if you don't hold a whole Bitcoin in the future, it will still get expensive due to halving, demand and its supply limit.

We can just make transactions and save in tiny fractions. so that's it, if Bitcoin had an unlimited supply like regular Money, it would lose purchasing power and value over time

Yes, it will only inflate if there's an unlimited supply. And this is the advantage that Bitcoin has, due to the limited supply that it has and also the limit will only be mined likely in 2140, it makes every satoshi that we own now very valuable if we hold it for a long time or until the next cycles.

[Drnice]

Yes I think it's enough
Because each Bitcoin can be divided into 100,000,000 units Satoshis sats. 1BTC= 100,000,000 sats, so this means that there are effectively 2.1 quadrillion Satoshis in total
So even if Bitcoin gets to a very skyhigh price, there will be no need to hold a whole Bitcoin to your self. We can just make transactions and save in tiny fractions. so that's it, if Bitcoin had an unlimited supply like regular Money, it would lose purchasing power and value over time

Its limited supply is what makes its valuable and that is the unique feature Satoshi added upon all the technological ideas that follows Bitcoin. Deep into the feature, the value of every single fractions of Bitcoin will hold a valuable price, and that will make it remain valuable no matter how long it goes. 

[lizarder]

So even if Bitcoin gets to a very skyhigh price, there will be no need to hold a whole Bitcoin to your self. We can just make transactions and save in tiny fractions. so that's it, if Bitcoin had an unlimited supply like regular Money, it would lose purchasing power and value over time

So what about the concept of altcoins which may also be limited in their creation and ultimately burned, would their prices be much higher than Bitcoin? In a more potential concept, a certain amount of supply isn't the only reason Bitcoin's price has risen to its current level other factors may also influence it. Bitcoin has advantages over most coins created, which is why it is the best asset, and it has overcome many challenges from governments that oppose it.

But now, awareness of Bitcoin's potential is starting to change, as many countries are considering it as a strategic reserve. As a result we can expect widespread adoption and increased trust from large institutions and corporations who are starting to consider Bitcoin as a strategic reserve for their hedge funds.

[EarnOnVictor]

Yes I think it's enough
Because each Bitcoin can be divided into 100,000,000 units Satoshis sats. 1BTC= 100,000,000 sats, so this means that there are effectively 2.1 quadrillion Satoshis in total
So even if Bitcoin gets to a very skyhigh price, there will be no need to hold a whole Bitcoin to your self. We can just make transactions and save in tiny fractions. so that's it, if Bitcoin had an unlimited supply like regular Money, it would lose purchasing power and value over time

I am happy that you figured this out by yourself, and if I am asked, I would say that the 21 million BTC total supply is even too much, the lower it is, the more the law of economics on demand and supply over the price would be enforced. The goal of the 21 million supply was to create scarcity, but till now, the effect has never been felt because you can easily get your Bitcoin today. I wonder where the price would have been if it were difficult to get Bitcoin and everyone held on to their Bitcoin.

That will naturally create more value!

[SilverCryptoBullet]

I am happy that you figured this out by yourself, and if I am asked, I would say that the 21 million BTC total supply is even too much, the lower it is, the more the law of economics on demand and supply over the price would be enforced. The goal of the 21 million supply was to create scarcity, but till now, the effect has never been felt because you can easily get your Bitcoin today. I wonder where the price would have been if it were difficult to get Bitcoin and everyone held on to their Bitcoin.

That will naturally create more value!

Altcoins can have lower total supplies than Bitcoin and they can be Bitcoin forks or shitcoins. Do lower total supplies make those altcoins more valuable or have higher prices than Bitcoin?

There is nothing like that and it proves that the Demand and Supply effect only works with good projects, and quality cryptocurrencies. In this market, it's Bitcoin and I hope that no newbies will lose money to altcoins with total supplies are lower than Bitcoin, like 20M, 10M or even 5M coins.

An example is Yearn Finance  $YFI token.
https://coinmarketcap.com/currencies/yearn-finance/

[Webetcoins]

Yeah, it is more than enough and we do not need anything more. I understand people may react like we are dealing with something that "will not be enough", but it will be. From miners to investors to traders, we are not going to mean anything at all. So, we have to understand why this is a bigger deal.

21 million is limited, sure it could have been 2 million or 200 million, the number itself is not the point, the point was the fact that we are not going to print more. That is a way to prevent inflation and as long as we have that, we are not going to need anything else. Too many people think that "it's not going to be enough" because they lived in a world where money is printed all the time, but the if you can see the benefit of this, you will get better results.

[OcTradism]

21 million is limited, sure it could have been 2 million or 200 million, the number itself is not the point, the point was the fact that we are not going to print more. That is a way to prevent inflation and as long as we have that, we are not going to need anything else. Too many people think that "it's not going to be enough" because they lived in a world where money is printed all the time, but the if you can see the benefit of this, you will get better results.

Don't print more and no option for printing more are good but not enough.

You can create a shitcoin with no chance of changing its total supply from its limited total supply, but it is not enough to make your shitcoin project as a top-notch project with high value.

A limited total supply is only one factor for success of a project and one project can not succeed if there are no other technical factors which contribute to its value and adoption in communities from developers, users to investors and the others.

[roemer]

By the time we run out it can be brokered by 3rd parties into smaller amounts to keep the currency going without even changing the code.

[pooya87]

if Bitcoin had an unlimited supply like regular Money, it would lose purchasing power and value over time

You mean "regular currency" not "regular money". Money by definition should be a store of value and fiat currencies are not money. Bitcoin is.

By the time we run out

What do you mean by run out? Bitcoin is not "burnt" when we use it. The coins just change hands and we can never run out of it!

[Danica22]

21 million is limited, sure it could have been 2 million or 200 million, the number itself is not the point, the point was the fact that we are not going to print more. That is a way to prevent inflation and as long as we have that, we are not going to need anything else. Too many people think that "it's not going to be enough" because they lived in a world where money is printed all the time, but the if you can see the benefit of this, you will get better results.

Don't print more and no option for printing more are good but not enough.

You can create a shitcoin with no chance of changing its total supply from its limited total supply, but it is not enough to make your shitcoin project as a top-notch project with high value.

A limited total supply is only one factor for success of a project and one project can not succeed if there are no other technical factors which contribute to its value and adoption in communities from developers, users to investors and the others.

Many people are so obsessed with bitcoin's scarce supply that they think it's the great thing that makes bitcoin successful but they don't know that creating shitcoins with a finite supply has never been harder.

Indeed, for an asset to have value, it must have a use case, utility, supply…the value of an asset does not depend on or be determined by any single factor. Supply is just one of many factors that determine the value of bitcoin, not the main factor as many people think.

Like gold, it has a finite but very large supply but in return it has many utilities, use cases and the large supply only makes it more valuable instead of depreciating.

[EarnOnVictor]

I am happy that you figured this out by yourself, and if I am asked, I would say that the 21 million BTC total supply is even too much, the lower it is, the more the law of economics on demand and supply over the price would be enforced. The goal of the 21 million supply was to create scarcity, but till now, the effect has never been felt because you can easily get your Bitcoin today. I wonder where the price would have been if it were difficult to get Bitcoin and everyone held on to their Bitcoin.

That will naturally create more value!

Altcoins can have lower total supplies than Bitcoin and they can be Bitcoin forks or shitcoins.

In a situation like this, you balance the economics, you don't just talk about the supply, you have to balance it with the demand. Fine, some altcoins have some lower supplies than Bitcoin, but do they have the value and demand of Bitcoin? That is what you need to look at.

I don't even know why you are particular about altcoin when Bitcoin is the subject matter. Altcoins should shut up when Bitcoin is speaking, because they are mere imitations, and will never follow the same economics and dynamics of Bitcoin.