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Topic: Can bitcoin quantity go down? - page 3. (Read 5438 times)

full member
Activity: 196
Merit: 100
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November 10, 2016, 04:41:33 AM
Not true the bitcoin going down. Look the price as of now it will increasing daily and monthly . more people i think millions of people are using bitcoin and many country are  accepts bitcoin as of now. Thats bitcoin more powerful its for the whole world. Bitcoin not going down ever and ever.
hero member
Activity: 3024
Merit: 745
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November 10, 2016, 04:30:54 AM
Quantity  of  bitcoin  could not  go down but   the accesibility  of  each  one  of them  might  be restricted  because  of those  coins that  are lost  on bitcoin ecosystem  , same as  others said here that  people  who lost their  bitcoins    because  they  forgot   their  password and cant able   to access already to the wallet which  means  the coins  is still there  floating around.
There may be suspected criminals who have picked up your password. But this is unlikely. I do not think it's that simple. Purses have a very good level of protection.
If we use 2FA increase more security, opportunities for stolen our bitcoin almost impossible. I more believe you can guess the password 100 member on this forum without any wrong than steal your bitcoin in wallet with 2FA.

I don't believe that bitcoins can be stolen that very easy. Because it is the negligence of a bitcoin wallet owner whenever his bitcoin will be stolen. It's either his password was given to other people by him or forgot to close or log out his account. And upon being hacked, those bitcoins will remain forever and there is no way to recover it, and it will still count to the quantity of bitcoins.
full member
Activity: 224
Merit: 100
November 10, 2016, 01:41:42 AM
Quantity  of  bitcoin  could not  go down but   the accesibility  of  each  one  of them  might  be restricted  because  of those  coins that  are lost  on bitcoin ecosystem  , same as  others said here that  people  who lost their  bitcoins    because  they  forgot   their  password and cant able   to access already to the wallet which  means  the coins  is still there  floating around.
There may be suspected criminals who have picked up your password. But this is unlikely. I do not think it's that simple. Purses have a very good level of protection.
If we use 2FA increase more security, opportunities for stolen our bitcoin almost impossible. I more believe you can guess the password 100 member on this forum without any wrong than steal your bitcoin in wallet with 2FA.
legendary
Activity: 3472
Merit: 10611
November 10, 2016, 01:33:36 AM
I do not know, I've never heard of this, but if it really happens maybe it happened when halving. a decrease in the number of bitcoin today probably can not happen, because every bitcoin who have been out already have a person each for holding the bitcoin. however, if there is a decrease bitcoin, it may be caused by halving.

actually this can happen. and it is called loss! it can be either from burning coins to one of the burning addresses (bitcoin address without a privatekey) or it can be because people have lost their private keys, encryption passwords or hardware malfunction that led to loss of wallet file. these coins can never be recovered.
sr. member
Activity: 252
Merit: 250
November 10, 2016, 01:29:23 AM
Quantity  of  bitcoin  could not  go down but   the accesibility  of  each  one  of them  might  be restricted  because  of those  coins that  are lost  on bitcoin ecosystem  , same as  others said here that  people  who lost their  bitcoins    because  they  forgot   their  password and cant able   to access already to the wallet which  means  the coins  is still there  floating around.
There may be suspected criminals who have picked up your password. But this is unlikely. I do not think it's that simple. Purses have a very good level of protection.
legendary
Activity: 1386
Merit: 1020
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November 10, 2016, 12:11:31 AM
Quantity  of  bitcoin  could not  go down but   the accesibility  of  each  one  of them  might  be restricted  because  of those  coins that  are lost  on bitcoin ecosystem  , same as  others said here that  people  who lost their  bitcoins    because  they  forgot   their  password and cant able   to access already to the wallet which  means  the coins  is still there  floating around.
sr. member
Activity: 270
Merit: 250
November 10, 2016, 12:05:39 AM
It would be good to get more legal help and here in such matters, when your money virtually disappear from your purse without a specific reason. But because of the lack of recognition of the global financial sector, bitcoin is still in the shadows.
hero member
Activity: 1204
Merit: 500
November 09, 2016, 11:58:54 AM
I do not know, I've never heard of this, but if it really happens maybe it happened when halving. a decrease in the number of bitcoin today probably can not happen, because every bitcoin who have been out already have a person each for holding the bitcoin. however, if there is a decrease bitcoin, it may be caused by halving.
full member
Activity: 210
Merit: 100
November 09, 2016, 11:54:51 AM
No quantity can't go down but bitcoin could get loosed because many user are forgetting their wallet id, private key our wallet password and that amount of bitcoin would get loosed forever from bitcoin network and that would affect its quantity because that amount would get stored in dark forever
sr. member
Activity: 280
Merit: 250
November 09, 2016, 11:54:36 AM
I wonder how the quantity of mined bitcoin ever go down. I think it's your imagination. Anyway bitcoin quantity is never going to get reduced rather day by day the quantity is keeping increasing and it will continue till all 21 million bitcoin is mined and in my view 21 million bitcoin will not be mined because award will go down its minner will give up mining
full member
Activity: 238
Merit: 100
November 09, 2016, 11:54:17 AM
How dumb question. When we have bitcoin already mined all who will be there to put back the bitcoin in its block again. There is no such possibility to reduce the quantity if mined bitcoin. Already 15.xxx million bitcoin is mined and these amount would always exist in bitcoin network let whatever happen to the network
hero member
Activity: 2548
Merit: 950
fly or die
November 08, 2016, 01:05:14 AM
This thread should be closed, the OP has had his answer a long time ago : the exchange he was using was shit.
full member
Activity: 168
Merit: 100
November 07, 2016, 03:10:20 PM
No, the quantity cannot go down because that would mean our wallets being shrunk down. The price can, so can the popularity of it. Quantity will ONLY go up. If it stands still, we will know it's the end of Bitcoin.
I do not think even the popularity will go down because with the way bitcoin is been talked about and recommended by bitcoiners to their friends, it is very unlikely that it popularity will diminish I believe. Quantity of bitcoin will remain same but "controllable quality" may diminish over time due to lost private key or intended burning.
The amount will be really the same, but availability is not always real for a certain amount of bitcoin. The fact that to date, not all coins are mined, and it will take several more years. But still it is not replaced by any particular position, the main thing that it will affect the price of bitcoin and its price will rise in a few times at least.
hero member
Activity: 1190
Merit: 525
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November 07, 2016, 03:07:27 PM
No, it's impossible. What happens is that people lose their money when they forget the wallet password, ID... So, they can't access their money and the BTCs are lost forever. But at some point, when the Bitcoin reach to 21 millions total, they will stop increasing the amount. So, there won't be mining anymore, and it will make the coin price increases a lot, at least it's that I hope for.
sr. member
Activity: 240
Merit: 250
November 07, 2016, 02:45:52 PM
i think bitcoin quantity go up and more people want to adopt the bitcoin in huge amount because is very secure and useful currency nowadays and bitcoin is really rise up its price too much faster day by day.
The exact number of users can not be calculated, because if it is done only in the number of financial transactions carried out or the number of registered wallets, but since you can have several wallets is very difficult to calculate how much popular bitcoin.
full member
Activity: 239
Merit: 250
November 07, 2016, 02:08:54 PM
The value of Bitcoin changes, so 1 day Bitcoin can value like 700 dollars, the next day it could be 600 dollars.  The amount of Bitcoin you have unless you are invested in something, will remain constant unless you have any transactions.  So no, the quantity cannot go down but the value can.
Stability in the form which is observed today is very good. The main thing that bitcoin has not spoiled its reputation.
hero member
Activity: 784
Merit: 1000
November 07, 2016, 01:32:38 PM
The value of Bitcoin changes, so 1 day Bitcoin can value like 700 dollars, the next day it could be 600 dollars.  The amount of Bitcoin you have unless you are invested in something, will remain constant unless you have any transactions.  So no, the quantity cannot go down but the value can.
full member
Activity: 138
Merit: 100
November 07, 2016, 01:30:52 PM
i think bitcoin quantity go up and more people want to adopt the bitcoin in huge amount because bitcoin is very much secure, safe and useful currency nowadays and bitcoin is really rise up its price too much faster day by day and there is a lot of people adopting bitcoin in huge amount then holding their bitcoin for the future and they sure that bitcoin will be rise up in the near future and they can be get profit in good amount.
full member
Activity: 179
Merit: 100
November 07, 2016, 01:26:51 PM
Recent bitcoin losses were this summer, when a hacker broke into wallets. But it did not gave rise to a strong decline cryptocurrency prices. Therefore, bitcoin is very strong in their positions.
legendary
Activity: 1554
Merit: 1054
November 02, 2016, 03:59:14 AM
No, the quantity cannot go down because that would mean our wallets being shrunk down. The price can, so can the popularity of it. Quantity will ONLY go up. If it stands still, we will know it's the end of Bitcoin.
I do not think even the popularity will go down because with the way bitcoin is been talked about and recommended by bitcoiners to their friends, it is very unlikely that it popularity will diminish I believe. Quantity of bitcoin will remain same but "controllable quality" may diminish over time due to lost private key or intended burning.
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