Topic: Bitcoin scarsity, the reason it's worth hodling bitcoin (Read 326 times)
Bitcoin has controlled inflation and yes thats one of main reason of bitcoin success. With this rate last bitcoin is expected to come on 2140, after that no new bitcoin will be generated. Apart from controlled inflation, decentralized nature of bitcoin is another reason why bitcoin is so high.
I dont think fiat will decrease in value anytime soon, it is a stable currency which is different from bitcoin. The only issue with fiat is it's decreasing purchasing power. Bitcoin, with its scarcity makes it valuable. With a limited supply and a high demand, it is no doubt that bitcoin will increase in price. Also, more institutions are investing in bitcoin and accepting it as a form of payment, thereby increasing its utility and making it a preferred medium of exchange among consumers. With this information, bitcoin will exceed our expectations in the next few years, holding bitcoins for the meantime and waiting for that to happen will increase our holdings.
With decreasing in value OP means decreasing purchasing power. They are the same thing. As your money values less, you can buy less things with that same amount. That is due to governments printing money constantly, what generates a corrosive inflation which grows year by year. Nowadays fiat saving accounts are already unprofitable because inflation is higher than their APY (Annual Percentage Yield).Thanks to bitcoin now there is a way to avoid fiat investments, what protects our patrimony on long run.
The capability of bitcoin for being volatile makes it valuable and becomes a good asset for everyone, it is a good choice of mine to invest in bitcoin because I have control over my own money unlike the banks wherein there is a middleman there. It is still not too late to invest in bitcoin, even though the price is already too high which makes it riskier to invest, if you really believe and trust bitcoin then you will also buy some and wait for it to goes up once again.
Bitcoin has a lot of disadvantages at the moment. In comparison with Binance Smart Chain, bitcoin loses absolutely in all respects, so today bitcoin is an asset for long-term investments, no more. Therefore, it is difficult to predict the future of bitcoin. Yes, the price will rise, but to what point? For if now the majority of altcoins are ahead of bitcoin, then there is no need to talk about the altcoins of the future.
I dont think fiat will decrease in value anytime soon, it is a stable currency which is different from bitcoin. The only issue with fiat is its decreasing purchasing power. Bitcoin, with its scarcity makes it valuable. With a limited supply and a high demand, bitcoin will continuously increase in price. Also, more institutions are investing in bitcoin and accepting it as a form of payment, thereby increasing its utility and making it a preferred medium of exchange among consumers. With this information, bitcoin will definitely exceed our expectations in the next few years, holding bitcoins for the meantime and waiting for that to happen will increase our "savings".
It will never be scarce as long as there is Bitcoin circulating the market and it's just a matter of time before the price reach a new level of ATH. Plus the lost Bitcoin that's not circulating in the market will help to increase the Bitcoin price in the future.
...through so many different times of the crypto market, I realize that the value of bitcoin is probably not as high as we imagine...
Don't get your hopes too high just because someone speculated it to reach that way it would reach automatically. You know that it always takes time for someone/something to grow, you'll just have to wait and besides of that, Bitcoin has a 4 year cycle before the next halving occur. 
I don't think the value Bitcoin has is got only from its short supply. Nah! Its decentralized nature and the fact that it's community driven are a part of what brings its value. I have seen tokens which are around 2 million in maximum supply but could hardly do up to $10 in price. I have also seen a project like Filecoin which has 1,979,784,501 (almost 2 billion) doing over $200 for such a huge quantity. I think the whole thing boils down to a project's usefulness to attain a nice price. So, it's not necessarily because Bitcoin has a short supply of 21 million that makes people hodl it in expectation of price increase because of its usefulness.
Dude, your target line 500K is freaking crazy.
There's nothing crazy about such an expectation. Remember Bitcoin was once sold for less than $0.01 (1cent) but today Bitcoin is around $56,000+. No one would've believed Bitcoin would get this far 10 years ago. Did anyone even believe it would get to $60,000 from its low of $3,200 in 2020? A long time ago, I also thought that bitcoin would become scarce and bring great benefit to the future, so continually holding bitcoin would be similar to an insurance in the future but until now, through so many different times of the crypto market, I realize that the value of bitcoin is probably not as high as we imagine, some features such as anonymity and making transactions faster, it doesn't really make bitcoin stand out. But the community is fascinated by the news, the whale is also too hungry to make money, bitcoin continuously increases unbelievably, actual value is not high, hope you know the right time to sell
Well.. I can't agree with you 100%. Even at current levels, I believe that Bitcoin is underpriced. A lot of people tend to concentrate on its usage as a currency (for making payments) or as a speculative investment asset. But let's not forget about the other aspects. Personally I believe that Blockchain will be the next big thing in the technology sector. It is similar to what Google was two decades back. And Blockchain is a part of Bitcoin technology (rather than the other way around). Given these facts, I won't be surprised if the global adoption and acceptability increase tremendously over the next few years.
The reason why i keep holding my btc is very simple because the limited supply and i believe bitcoin is the future of our currency.
I never doubt bitcoin since 2017 and still holding this coin and i don't even think to sell it untill reach my target which is $500k.
A long time ago, I also thought that bitcoin would become scarce and bring great benefit to the future, so continually holding bitcoin would be similar to an insurance in the future but until now, through so many different times of the crypto market, I realize that the value of bitcoin is probably not as high as we imagine, some features such as anonymity and making transactions faster, it doesn't really make bitcoin stand out. But the community is fascinated by the news, the whale is also too hungry to make money, bitcoin continuously increases unbelievably, actual value is not high, hope you know the right time to sell I never doubt bitcoin since 2017 and still holding this coin and i don't even think to sell it untill reach my target which is $500k.
Bitcoin's limited supply (ie. scarcity) is not the reason for bitcoin's success and the massive potential for growth it has, it is just the cherry on top. The real reason for bitcoins potential is the unique utility it provides as the only available decentralized currency that can work globally in the safest way possible.
If it were any other way then thousands of altcoins that have limited supply would have also succeeded, some of which should have surpassed bitcoin since they are much scarcer than bitcoin (eg. 42 coin that has a supply of 42 coins!).
If it were any other way then thousands of altcoins that have limited supply would have also succeeded, some of which should have surpassed bitcoin since they are much scarcer than bitcoin (eg. 42 coin that has a supply of 42 coins!).
Yes, that's right, bitcoin and altcoin have a limited supply. but the thing that makes bitcoin rare is the power of its popularity level that surpasses anything else. Since its inception, bitcoin is still considered trivial, and when 2017 made bitcoin the only coin that could not be matched. then from year to year, bitcoin is becoming increasingly popular and in demand by investors, so whales and miners focus on spending bitcoin. increase the price every certain period and make the parent of all the altcoin that exist.
If the time comes where institutional investors and retail investors come together and stay away from fiat ties, I think Bitcoin would even be more precious. That's the correct idea in which it should be considered that more and more officials are resorting to the printing of money to solve all of the problems in the world but never looked at the possible consequence in the future. That's where Bitcoin comes in or possibly any other crypto that could serve a better purpose. I hope most people have understood the essence of Bitcoin.
The reason why i keep holding my btc is very simple because the limited supply and i believe bitcoin is the future of our currency.
I never doubt bitcoin since 2017 and still holding this coin and i don't even think to sell it untill reach my target which is $500k.
Dude, your target line 500K is freaking crazy. We're very lucky that the crypto market is just switch on and we have no idea where is the end line. Despite the recent correction we are still looking good so HODL Bitcoin and who knows every individual will get their objective line. I never doubt bitcoin since 2017 and still holding this coin and i don't even think to sell it untill reach my target which is $500k.
Even at the current market value, it is considered high for some of us. It will still get higher once the supply becomes scarce and few elites in the society own and control it, decide it.
The problem was, Will people still buying Bitcoin even though the price continuous rising? I bet at some point the price will become stable even before there will scarcity on the supply. The reason why Bitcoin still rising is because new people entering in crypto that willing to buy on current price. If most of the people owned Bitcoin before the supply was maxed out. I believe the price growth will halt that time because no one will buy high price Bitcoin if everyone is already holding it.
I agree that the scarcity of Bitcoin is a strong reason why we have to HODLing Bitcoin, because the amount of Bitcoin supply is limited and
the demand for Bitcoin continues to increase, it will make the price of Bitcoin more expensive by itself. Therefore, investing in assets with
limited supply is usually very profitable. Like Gold, including a limited supply, making an investment in Gold is also very good. But in this case
I would rather invest in Bitcoin than Gold. Because now it has entered a digital era where investing in something modern has a much better future.
So not only is the Bitcoin supply limited, but with the technological sophistication that Bitcoin has, it should make Bitcoin the best choice for investment.
These two reasons are enough to make Bitcoin price continue to rise and provide profit to its holders.
the demand for Bitcoin continues to increase, it will make the price of Bitcoin more expensive by itself. Therefore, investing in assets with
limited supply is usually very profitable. Like Gold, including a limited supply, making an investment in Gold is also very good. But in this case
I would rather invest in Bitcoin than Gold. Because now it has entered a digital era where investing in something modern has a much better future.
So not only is the Bitcoin supply limited, but with the technological sophistication that Bitcoin has, it should make Bitcoin the best choice for investment.
These two reasons are enough to make Bitcoin price continue to rise and provide profit to its holders.
Even at the current market value, it is considered high for some of us. It will still get higher once the supply becomes scarce and few elites in the society own and control it, decide it.
Yeah unlike the government we are not seeing printing machine for the bitcoin and hence the value is always up rising.
People don’t see it clearly, it’s all about demand and supply. The supply is gonna be reduced every other year and as the difficulty will raise the speed of mining will be harder but it won’t stop. Surprisingly only 3 million coins left and in such condition if any bull investor puts his 1-2 billions and buy from circulating supply then the market gonna push itself to the extreme levels.
This is motivating discussion and those with less trust shall be reading this.
People don’t see it clearly, it’s all about demand and supply. The supply is gonna be reduced every other year and as the difficulty will raise the speed of mining will be harder but it won’t stop. Surprisingly only 3 million coins left and in such condition if any bull investor puts his 1-2 billions and buy from circulating supply then the market gonna push itself to the extreme levels.
This is motivating discussion and those with less trust shall be reading this.
The reason why i keep holding my btc is very simple because the limited supply and i believe bitcoin is the future of our currency.
I never doubt bitcoin since 2017 and still holding this coin and i don't even think to sell it untill reach my target which is $500k.
I never doubt bitcoin since 2017 and still holding this coin and i don't even think to sell it untill reach my target which is $500k.
scarcity of a product, will trigger a pretty fantastic price, for example bitcoin, with a little stock that makes it even higher in price, even though there are times when it falls, I'm sure the lowest price of bitcoin will be 40k $ for the future, where bitcoin has been sought after by people in the world who want to own BTC itself and hope to profit from their first purchase
Bitcoin has fixed supply, that makes it really valuable as time goes by.
Aside from the fact, that there are a lot of "lost" bitcoins out there.
So it further reduces the number of bitcoin circulating in the market.
As years go by, and if the adoption will further increase, holding bitcoin would really be a lucrative one.
Scarcity is a concept that exist with most things on earth, there really just isn't anything that is unlimited in nature. Gold and other precious metal are the common form of assets that is scarce, are they as valuable as Bitcoin? The only reason why Bitcoin is popular is because of the unique characteristic that it has, transparent, secure, decentralized, etc.
The reason why Bitcoin's price keeps on growing is due to the increasing adoption and the speculation around the currency. Having a limited supply is desirable but it is hardly the reason why Bitcoin's price keeps on rising. A deflationary currency is of no use if there is no demand.
The reason why Bitcoin's price keeps on growing is due to the increasing adoption and the speculation around the currency. Having a limited supply is desirable but it is hardly the reason why Bitcoin's price keeps on rising. A deflationary currency is of no use if there is no demand.
This is very true. Its use case in the market will cement its worthiness.
Without strong adoption, bitcoin would hardly go up.
Just take for example all those alts with very small or limited supply, they have difficulty in surviving the market.
scarcity of a product, will trigger a pretty fantastic price, for example bitcoin, with a little stock that makes it even higher in price, even though there are times when it falls, I'm sure the lowest price of bitcoin will be 40k $ for the future, where bitcoin has been sought after by people in the world who want to own BTC itself and hope to profit from their first purchase
there are 21 million botcoins made and currently that are known to have been mined is 19 million and even then it is controlled by miners, the scarcity of the amount is one of the factors the price of bitcoin is getting higher considering the very high market demand makes it very expensive, bitcoin also has a level of security that is very high. very high so that it allows its users to transact easily, quickly and safely.
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