Topic: Bitcoin is rare - page 3. (Read 2424 times)
Bitcoin is rare to the extent at which the individual users view it to be, but the fact is bitcoin even if mind in totality will still remains in circulation because it is a redistributive commodity just like every other currency and the price will always be determined by it demands in the market .
The 21 million bitcoin limit is approaching when diggers have exploited more than 16.8 million bitcoins, equivalent to 80% of that amount.
Unlike the rest of the coin, bitcoin is limited in quantity. Whether or not it is, a total of only 21 million bits can be excavated. Later on, the bitcoin mining level is even harder, with fraud, bitcoin stealing increasing dramatically.
The first bitcoin block was started by founder Satoshi Nakamoto in 2009. At that point, each block corresponded to a 50 bitcoin (BTC) reward.
For every four years or 210,000 volumes created, the bonus will be reduced by half, first 50 BTCs (2009) then 25 BTCs (2012), and now at 12.5 BTC. Currently, the total amount of bitcoin can be exploited to 20%.
The difficulty in exploiting the last bitcoin is increasing, while the reward is reduced. The speed of new digging will slow down and it is difficult to predict how much the bitcoin will be worth.
In addition, it is difficult to predict the time of digging the last bitcoin as this also depends on the speed of hardware development. However, many predicted that the time would be 2140 when all present investors became "dust"
Unlike the rest of the coin, bitcoin is limited in quantity. Whether or not it is, a total of only 21 million bits can be excavated. Later on, the bitcoin mining level is even harder, with fraud, bitcoin stealing increasing dramatically.
The first bitcoin block was started by founder Satoshi Nakamoto in 2009. At that point, each block corresponded to a 50 bitcoin (BTC) reward.
For every four years or 210,000 volumes created, the bonus will be reduced by half, first 50 BTCs (2009) then 25 BTCs (2012), and now at 12.5 BTC. Currently, the total amount of bitcoin can be exploited to 20%.
The difficulty in exploiting the last bitcoin is increasing, while the reward is reduced. The speed of new digging will slow down and it is difficult to predict how much the bitcoin will be worth.
In addition, it is difficult to predict the time of digging the last bitcoin as this also depends on the speed of hardware development. However, many predicted that the time would be 2140 when all present investors became "dust"
I think it's true, because if the btc supply decreases every day it will cause the number of btc to remain at 21 billion, which will cause prices to increase because of the rarity of btc. but there are also other factors that cause prices not to rise or even decrease, namely whether investors or traders still want to trade btc in the market or not, if the interest from btc is still very much then it will be good news, vice versa
https://www.ccn.com/only-another-four-million-bitcoin-will-be-mined-heres-why/amp/
Bitcoin is rare . Just only 4 million left to be mined. Is this the reason why , the price increase? Need to know your opinion too.
Yeah but it is just one of the reasons why. Bitcoin is rare . Just only 4 million left to be mined. Is this the reason why , the price increase? Need to know your opinion too.
https://www.ccn.com/only-another-four-million-bitcoin-will-be-mined-heres-why/amp/
Bitcoin is rare . Just only 4 million left to be mined. Is this the reason why , the price increase? Need to know your opinion too.
Bitcoin is rare . Just only 4 million left to be mined. Is this the reason why , the price increase? Need to know your opinion too.
Thats very true mate, bitcoin is really much rare. Once all the bitcoin will be mined, its value will increase more and more as time goes on. With only twenty one million total supply for it, crypto people will race at having a bitcoin in their wallet because having bitcoin is already a treasure.
probably one of the reason for such an high price is because of the low supply. another is because its the king of cryptocurrencies and also because its widely used all over the world.
Yes Bitcoin is rare. because it's demand no is very high. it's useful crypto currency for us. you can using it many different ways. it's gives lot of opportunities to trade. I think, 4 million crypto currency has been lost forever. and That leaves about 13 million bitcoins left in circulation today and there are about 7.6 billion people in the world.
https://www.ccn.com/only-another-four-million-bitcoin-will-be-mined-heres-why/amp/
Bitcoin is rare . Just only 4 million left to be mined. Is this the reason why , the price increase? Need to know your opinion too.
In my view, yes. The people already notice that bitcoin is like a gold right now, it is not infinite and many people need it. So, the prices will be going up more and more. When you already notice that too. I suggest you to buy it more before it is too late and you regret it. The prices will be moon again. Bitcoin is rare . Just only 4 million left to be mined. Is this the reason why , the price increase? Need to know your opinion too.
https://www.ccn.com/only-another-four-million-bitcoin-will-be-mined-heres-why/amp/
Bitcoin is rare . Just only 4 million left to be mined. Is this the reason why , the price increase? Need to know your opinion too.
Not only rare, but is extremely expensive mine bitcoins. Nowadays only with specialized equipment. Bitcoin is rare . Just only 4 million left to be mined. Is this the reason why , the price increase? Need to know your opinion too.
limited total supply and tends to decrease every time, making Bitcoin prices rise because this item is really rare
I am very confident, when all the tokens allocated to the miners have been exhausted entirely, the BTC prices will explode again
this time there are two most awaited news, namely the end of mining bitcoin and the entry of BTC to ETF
I am very confident, when all the tokens allocated to the miners have been exhausted entirely, the BTC prices will explode again
this time there are two most awaited news, namely the end of mining bitcoin and the entry of BTC to ETF
Yes bitcoin is going rare right now. Because bitcoin price is increase so there is no many people but bitcoin. And there is so many people hold the price in high price. And it is just 4 million bitcoin left so the people will fight to get the bitcoin after they hold it for a long time
As Bitcoin is less and less extracted, the value is likely to increase. This is not just about 4 million left to exploit. This is the reason to increase the price. Much of the demand for Bitcoin in the cryptographic market is happening right now making the bitcoin rare and expensive, I think that's why people are paying attention to it in the long run. So, that is, after all bitcoin is mined, the price will increase. Bitcoin is rare, which is why Bitcoin is worth. Also the mining process is getting harder because the rest of mine is smaller than the number that existed so bitcoin is really rare.
It's all relative to how much new bitcoin is entering the market. (is being sold) compared to being bought.
The thing to really watch out for is the block halvings.
We get to experience how the market reacts to less bitcoin being created. That doesn't happen very often. The next few halvings will be very significant. We'll see inflation that is below the long term inflation for the dollar.
And after a few more halvings we'll start experience deflation from people losing private keys through death/war/recklessness/purposeful destruction.
edit: halvings changed to block halvings
The thing to really watch out for is the block halvings.
We get to experience how the market reacts to less bitcoin being created. That doesn't happen very often. The next few halvings will be very significant. We'll see inflation that is below the long term inflation for the dollar.
And after a few more halvings we'll start experience deflation from people losing private keys through death/war/recklessness/purposeful destruction.
edit: halvings changed to block halvings
"rare". This is very possible. But Bitcoin and altcoin need to be developed and used even more!
Rare is not that valuable! Value when used widely and practically!
Rare is not that valuable! Value when used widely and practically!
the scarcity of bitcoin is actually we have to develop again, so that in the future bitcoin will be better than now, it's just that we need cooperation to build again.
in my opinion, because many people hold it back, they will sell it when prices stabilize. And that is an ordinary thing done by investors. Even they have to be patient as long as it is for the sake of getting profit ... !!
"rare". This is very possible. But Bitcoin and altcoin need to be developed and used even more!
Rare is not that valuable! Value when used widely and practically!
Rare is not that valuable! Value when used widely and practically!
the scarcity of bitcoin is actually we have to develop again, so that in the future bitcoin will be better than now, it's just that we need cooperation to build again.
however the simple fact that something is relatively scarce does not automatically make it valuable if none is interested in buying it.
Rather than the number of bitcoin in supply, I think that what has really helped bitcoin in people's mind is that, it "can not" be manipulated and once the figure is changed, I think people will start withdrawing their confidence. So, that is what I see as the actual advantage. Not that of the maximum supply alone.
Apparently this has been one of the supposed advantages of bitcoin that many assume will increase its value over time, however the simple fact that something is relatively scarce does not automatically make it valuable if none is interested in buying it.
But it must also be borne in mind that through hardforks some people have found a misleading solution to this problem, so that if at a time there are 100 new forks and all claim to be the real bitcoin, the problem of scarcity is overcome and there will be 2.1 billion of "legit" bitcoins waiting to be recognized as the original bitcoin.
But it must also be borne in mind that through hardforks some people have found a misleading solution to this problem, so that if at a time there are 100 new forks and all claim to be the real bitcoin, the problem of scarcity is overcome and there will be 2.1 billion of "legit" bitcoins waiting to be recognized as the original bitcoin.
https://www.ccn.com/only-another-four-million-bitcoin-will-be-mined-heres-why/amp/
Bitcoin is rare . Just only 4 million left to be mined. Is this the reason why , the price increase? Need to know your opinion too.
It is one of the reason why Bitcoin price is increasing. There are only few Bitcoin left to mine. One reason why it is increasing is because many people are holding Bitcoin as an investment. Added by some Bitcoin that is lost forever because of the negligence of the users years ago and even new users who forgot to backup their wallet. Bitcoin is rare . Just only 4 million left to be mined. Is this the reason why , the price increase? Need to know your opinion too.
"rare". This is very possible. But Bitcoin and altcoin need to be developed and used even more!
Rare is not that valuable! Value when used widely and practically!
Rare is not that valuable! Value when used widely and practically!
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