Bitcoin is rare - page 5. | Bitcointalksearch.org

Asusnumbaone

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Quote from: Sexie on April 30, 2018, 06:36:23 PM

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.

The bitcoin is not rare, it is just have a high value that's why we compare it into the gold that is the value is depend in the uniqueness of a elements but bitcoin is not rare it is so common to hear and it is so expensive to buy like gold

prikitiw

sr. member

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There are only 4 million Bitcoin left to be mined. and every day Bitcoin seekers increase sharply, supply is small and demand is high, then the value of Bitcoin will become expensive. But we can't really say it will soon because the closer we are to the last Bitcoin, the harder it will be for miners.

IvanGonta

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I think that everything goes to this. With time it will become less and less. For whales this is a benefit.

tranle1267

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Looking to the future and control myself

yes, i think will rare in the future, bitcoin is limited, and the miner still have a daily production it.
so i think the future bitcoin will rise so much.

BeeRoach

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It will be the main reason the price of BTC will rise when people will stop falling for FUD and finally realise it. There won't ever be enough Bitcoin for everyone. This makes BTC a very valuable asset.

Papapat22

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With a concept of bitcoin as rare comes with an understanding of bitcoin's scarcity. In the studies of economics about how supply affects the price, we couldn't fully conclude that matter as the increasing price of bitcoin actually defines its volatility that sometime, it could also be lower than usual.

Fineyokoma

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Of course a huge part of BTC is mined but it becomes more and more difficult to find new BTC. I think that can make a huge problem in the future because BTC will be in demand

tdtduy

newbie

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Quote from: Roberttran on August 19, 2018, 04:35:28 AM

if the whole world accepts bitcoin. and a total of 21 million bits will be rare for billions of people around the world. bitcoin will become scarce and everyone wants to own a bitcoin for themselves. This will increase the bitcoin price.

Right. Things that you share are absolutely correct. This is a supply and demand problem that we can see clearly in the traditional trading market. When demand exceeds supply, everything is increasing in value. The higher the demand, the greater the value added. Thus, the Bitcoin holders at that time could hold a huge block of wealth. The point is that Bitcoin needs to be recognized as legitimate.

tdtduy

newbie

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The rare and limited Bitcoin is one of the factors that make Bitcoin valuable. And when Bitcoin is widely recognized for its legality and is confirmed in terms of value, Bitcoin's value will increase exponentially. And that is what deserves those who have faith in Bitcoin. Especially when Bitcoin is in a difficult period.

Gabb

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Due to the multiple fractions in which the bitcoin can be subdivided, this would not be a problem in the future, because not even the current limit of 100,000,000 satoshi per bitcoin is final, so it is likely that if necessary, each satoshi could be also subdivided into myriads of fractions.

Crypto one

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Yes bitcoins are very rare, not because a maximum supply of 21 million are something specially low, other crypto currency has a much lower supply, but that doesn't make them something everyone want to buy into.
Bitcoins are rare because it's has become an international store of value. Even though the price can change a lot in a day, the demand for bitcoins are always high. And the supply are too low if everyone want to own there own bitcoin.

xanaxxx

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Quote from: javadsalehi on April 30, 2018, 06:41:07 PM

I think the price will rise. But what you are talking about is not what causes that. 4 million coins left to be mined. But the circulation supply is still rising.
More supply ----> Lower price

your logic is broken. There is certain hashpower generated by miners. Once they will be mining lower amounts of bitcoin, eventually only from transaction confirmations, the price needs to increase in order to make the mining profitable with the same hashpower.

cyriljundos

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if the bitcoin is rare it will hold lots of bitcoins and it will be raised at high prices because it is expensive

Roberttran

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if the whole world accepts bitcoin. and a total of 21 million bits will be rare for billions of people around the world. bitcoin will become scarce and everyone wants to own a bitcoin for themselves. This will increase the bitcoin price.

131tc01n

sr. member

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Merit: 250

I think it's true, the increase in bitcoin prices is also influenced by the amount of bitcoin supply which is getting smaller, with the increasing number of bitcoin supply, surely bitcoin will be increasingly scarce in the future, so I will buy it now before that time arrives, because crypto investor interest is increasing and people are there are still many who are not familiar with crypto, just imagine when everyone knows crypto and has already invested in crypto, maybe the price of bitcoin will be more fantastic

vnck25

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The max. supply of Bitcoin is just 21 million coins, however out of that I believe several million are lost for ever for many reasons ( eg: some people mined Bitcoin at the beginning using their laptops and lost them or forgot login details, etc) So yes I believe the limited supply of Bitcoins will make its price go higher and higher if there is huge demand for this cryptocurrency. Though the current market trend is downward, I am optimistic that in the near future we will see a bull run and a huge price increase for Bitcoins and other major cryptocurrencies.

Kakarot01

newbie

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The framework is the thing that I like about the bitcoin mining framework, where the measure of bitcoin mined on each square will be diminished considerably at regular intervals and it will proceed until the point that the quantity of mined bitcoins is zero importance there will be no more bitcoin delivered, a great framework to keep bitcoin costs up.

maloibtc

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Activity: 322

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Thanks for sharing the link. I consider btc to be a good coin which has many advantages. to my mind, it is obvious that btc is the best coin ever after it there is an ethereum, whcih is also a good one

EEE14

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We can see there numerous more financial specialist comin for bitcoin as the new organization came too, we will find later on what will happen, yet for me by and by bitcoin will be keep splendid, and nobody can crush it.

hahay

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There are many factors that make the price of bitcoin rise and also go down, if about bitcoin will be rare after being mined, that's true. If you only think about it simply, then we assume that just like classic items that are very valuable and rare, the price will increase as well as collectors. So that's the reason many people hold bitcoin, because the belief in the future of bitcoin will be very real, maybe we should wait later.

Topic: Bitcoin is rare - page 5. (Read 2424 times)