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Topic: Bitcoin does not have limited supply - page 5. (Read 3283 times)

newbie
Activity: 35
Merit: 0
November 09, 2018, 05:18:21 AM
The argument is again and again that the value of Bitcoin will increase because supply is limited to 21 million. But this is quite simply wrong. Every time Bitcoin is forked that is in real terms an expansion of the Bitcoin currency beyond 21 million. To some degree the same is true of alternative crypto currencies which will flood the market. There is already more than 1000 cryptocurrencues ( https://en.wikipedia.org/wiki/List_of_cryptocurrencies )
Before investing in bitcoin, i think you should learn about it first. Bitcoin's limited supply is 21million.
full member
Activity: 518
Merit: 100
November 09, 2018, 03:16:20 AM
No, the supply is limited. If someone forked bitcoin then it will become a different coin, completely different than the bitcoin itself.
The argument is again and again that the value of Bitcoin will increase because supply is limited to 21 million. But this is quite simply wrong. Every time Bitcoin is forked that is in real terms an expansion of the Bitcoin currency beyond 21 million. To some degree the same is true of alternative crypto currencies which will flood the market. There is already more than 1000 cryptocurrencues ( https://en.wikipedia.org/wiki/List_of_cryptocurrencies )

Th forking (or absence of it) does not effect Bitcoin's supply. At best, you can consider it as a "gift" to all bitcoin holders, which will increase the overall worth. It in no way impacts the overall supply of 21 Mn, which is set in stone.

That is precisely my point. I create "Bitcoin2" by forking. Then I create "Bitcoin3" and so on and so on. In reality what I am doing is issuing more Bitcoin. That I call it a different name does not change the reality.
You create bitcoin A B C or something else but the amount of your original bitcoin is still the same.You are issuing another coin, forked from bitcoin. You can fork bitcoin 10 times but it will be useless if no one support that chain.
And so you create another altcoin based on a bitcoin key. Nevertheless, regardless of the name, it will not be Bitcoin, it will be altcoin with a name similar to Bitcoin. So it is possible to confuse a novice or inexperienced user. For example, Bitcoin Cach, despite the similar name and common origin, it is nonetheless not a Bitcoin.
full member
Activity: 616
Merit: 100
November 06, 2018, 01:13:23 PM
It is simple, any fork of Bitcoin is not Bitcoin but rather called as altcoin.  Thus, this means that Bitcoin will only have limited supply which is stated on the whitepaper.  We can have unlimited fork of Bitcoin but it is fact that the recognized official Bitcoin blockchain will only have 21 million supply.
as far as I know, like that, Bitcoin has limited supply and is increasingly depleting. but we don't know how the future is, there is a possibility if Bitcoin will add to the supply or make other coins that are just different names. all possibilities can still occur so just wait for how it will be. just take advantage of the potential that Bitcoin has now before it's too late.
legendary
Activity: 2982
Merit: 1153
November 06, 2018, 12:37:22 PM
It is simple, any fork of Bitcoin is not Bitcoin but rather called as altcoin.  Thus, this means that Bitcoin will only have limited supply which is stated on the whitepaper.  We can have unlimited fork of Bitcoin but it is fact that the recognized official Bitcoin blockchain will only have 21 million supply.
jr. member
Activity: 462
Merit: 1
November 06, 2018, 10:20:30 AM
The argument is again and again that the value of Bitcoin will increase because supply is limited to 21 million. But this is quite simply wrong. Every time Bitcoin is forked that is in real terms an expansion of the Bitcoin currency beyond 21 million. To some degree the same is true of alternative crypto currencies which will flood the market. There is already more than 1000 cryptocurrencues ( https://en.wikipedia.org/wiki/List_of_cryptocurrencies )

Th forking (or absence of it) does not effect Bitcoin's supply. At best, you can consider it as a "gift" to all bitcoin holders, which will increase the overall worth. It in no way impacts the overall supply of 21 Mn, which is set in stone.
As far as I know, the number of bitcoins as well as other coins is limited. Of course, there are also such coins, which make an infinite amount and they are called scam Grin But I am sure that Bitcoin is not such a coin Wink
newbie
Activity: 28
Merit: 0
November 06, 2018, 08:59:15 AM
Your accusation is false, Bitcoin does have a limited supply, the forks don't change the original Blockchain.
newbie
Activity: 34
Merit: 0
November 06, 2018, 08:54:41 AM
Bitcoin is only a limited resource, its limit is 21 million, and the quantity demanded determines its price, if the demand increases, the price increases and vice versa.
full member
Activity: 630
Merit: 100
November 04, 2018, 11:10:53 AM
There are so many crypto currency in the market but bitcoin demand is the different and not any another alternate coin can not replace it and can not down the price in the market. Fork of the bitcoin will not affect to it market supply and that will not change because that is already planned.
member
Activity: 383
Merit: 10
November 04, 2018, 10:38:10 AM
I heard that bitcoin mining will take place over 20-30 years, and when all of it will get the bitcoin will get a huge price.

therefore the bitcoin will always supply 21 million and will not be added and reduced whenever possible, so the fewer supplies available, the more expensive the price will be and that will definitely happen
member
Activity: 532
Merit: 15
November 04, 2018, 10:27:36 AM
Fork has no affect of Bitcoin Supply, FYI.
newbie
Activity: 30
Merit: 0
November 04, 2018, 09:16:12 AM
The limit of bitcoin is only $ 21 million, and certainly the supply is limited even to the emergence of any kind.
member
Activity: 1358
Merit: 10
www.cd3d.app
November 04, 2018, 08:47:09 AM
There are no any reason that bitcoin does not have limited supply. I think you are wrong. I believe it's supply is 21 million fixed. But price of bitcoin is not limited.
sr. member
Activity: 728
Merit: 254
November 04, 2018, 07:51:20 AM
No you are wrong on all of your points. Bitcoin has a finite source only,  I think that is a common knowledge everyone must know and as we all know (or we must know),  it is only contain to 21 million. When we are talking about forking, it does not really alter or change the amount of coins we have. You have justified crested an altcoin that have different rules and etcetera that will compete to the market but it does not really creates new because again, it is actually based on bitcoin. So I do not really believe on your point because these thing is actually must be a common knowledge for people like us.
newbie
Activity: 73
Merit: 0
November 04, 2018, 07:28:08 AM
Even though bitcoin has limited supply I wouldn't really say it does because their are other cryptocurrencies that are the same.  It's not like pople will only use bitcoin in the future, they will use all the other coins as well.  It's clear that consumers like choice.
Bitcoin has a limit, which is 21 million bitcoin. After that there is no bitcoin mining, so the price of bitcoin becomes a question mark, will it go up or even go down? Various speculations emerged, according to the perceptions of each and based on emotional and logical analysis.
10c
full member
Activity: 658
Merit: 100
BuyAnyLight - Blockchain LED Marketplace
October 09, 2018, 09:21:01 AM
I heard that bitcoin mining will take place over 20-30 years, and when all of it will get the bitcoin will get a huge price.
newbie
Activity: 532
Merit: 0
October 07, 2018, 04:10:30 PM
Looking at the coinmarketcap you will see that the total supply of bitcoin is 21million..... Bitcoin cash is just a bonus to every bitcoin holder, so bitcoin cash may be forked of bitcoin but that doesn't say it increase the number of supply of bitcoin... Seeing different Altcoin with bitcoin in there name doesn't make it affect the total supply of bitcoin.
hero member
Activity: 2268
Merit: 709
October 07, 2018, 03:18:05 PM
Of course bitcoin has its limit supply, we would miss it. What is more than 21 million is not bitcoin: it is something else, not even remotely comparable.
sr. member
Activity: 568
Merit: 254
October 07, 2018, 03:12:11 PM
The argument is again and again that the value of Bitcoin will increase because supply is limited to 21 million. But this is quite simply wrong. Every time Bitcoin is forked that is in real terms an expansion of the Bitcoin currency beyond 21 million. To some degree the same is true of alternative crypto currencies which will flood the market. There is already more than 1000 cryptocurrencues ( https://en.wikipedia.org/wiki/List_of_cryptocurrencies )
It doesn't matter how many times you fork bitcoin because in a long run those fork will become useless and will have no value because bitcoin holder will still prefer holding Bitcoin legacy than Bitcoin forks.
full member
Activity: 700
Merit: 102
October 07, 2018, 10:11:49 AM
As far as I know bitcoin have limited supply, and according to the articles that I have read it is about 21 million. I hope that this supply will never end, and I hope also that shortage will not occur. Smiley


so far, the existence of bitcoin is limited, and only amounts to 21 million. then not everyone can have it. Moreover, actually getting bitcoin is quite difficult, because the amount is limited. but even though the amount of bitcoin is only 21, it does not rule out the possibility that we cannot have the opportunity to have bitcoin. if we have a business, of course we can get bitcoin
member
Activity: 322
Merit: 10
October 07, 2018, 09:49:18 AM
As far as I know bitcoin have limited supply, and according to the articles that I have read it is about 21 million. I hope that this supply will never end, and I hope also that shortage will not occur. Smiley


For me with this 21 million supply of bitcoin, I think it is really hard to be end and will never be shortage because of some big whales are more on hodl, with their great knowledge in manipulating bitcoin market by investing it in proportional in balance. Because big whales are the main character that moves bitcoin market to become progressive and more stable.
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