1. The 21 Million Protocol
There is an assumption circulating among miners and bitcoin users that the number of bitcoin around the world is limited to 21 million and is not expected to increase when it is reached.
Did you know that at this point approximately 13.25 million Bitcoin is already on the market. And according to expert estimates, by 2022 that number will touch the number 19 million Bitcoin.
In my imagination, the limits of the numbers and the degree of difficulty facing miners can be regarded as one of Bitcoin's fundamental ornaments.
2. Request and Offer
When it comes to stocks, the law of demand and supply becomes a technical measuring tool embodied in the form of charts. Of course it also applies when we are trading bitcoin, but let's look at it from a different side.
Ngomongin about the demand, it turns out the increasing number of years. Even when Bitcoin was born, eBay and Paypal had agreed to use Bitcoin in 2009. From my point of view, the two giants see the potential for Bitcoin to grow.
A fundamental assumption!
Another story about the offer, let's imagine as an individual who is holding bitcoin. I want to ask,
"Are you rushing to use bitcoin for financial transactions?"
"Are you reluctant to linger with bitcoin?"
In the end, people will tend to think of this bitcoin as gold. More want to be saved than transacted, but still there are transactions because some merchants only want to accept bitcoin.
Again in my view, the individual's attitude will keep the bitcoin exchange rate from collapsing in no time. Although there is a time dropped dramatically, and it is very dependent on rumors circulating in the market as when the news appeared closing Bitcoin Exchange in China a month ago.
Your post was good but there are some flaws about the number of bitcoin circulating on the market. You have mentioned that as of this time the total circulating number of coins is just 13.25 million bitcoins. This is not the correct figure since just recently a few weeks ago we have already reached 17 million bitcoin mined. So I guess you need to correct the number.
