Can the volume of coins be increased?

ramsdaj28

sr. member

Activity: 420

Merit: 256

اللعنة

Quote from: SocialClooud on September 27, 2017, 08:23:40 AM

I heard that many people lose their coins and the current volume of BTC is not current at all)
How do you think will Satoshi add some in future?

There will only be a total of 21 million bitcoins available in the market (that is, once all bitcoins will be mined). Currently, there are already around 16 million bitcoins mined by btc miners (that is around 76% of the total number of bitcoins). Once all bitcoins were already mined, there are 2 scenarios that might happen on btc price: it will either rise up (if people will keep them or maintain the circulation of it in the market/trading sites) or will fall down (if people will sell all their bitcoins).

Putting that into perspective, increasing the total number of bitcoins (from 21M to more than that) will greatly affect the future of bitcoin and might make the people lose their interest on bitcoin.

hacker1001101001

sr. member

Activity: 1288

Merit: 415

Bitcoin has its own value due to it supply as it is just 21 million in the word and it cannot be increased. I think if the total number of bitcoins are increased than it will affect the price of bitcoin and will disturb the flow too I think so it’s not a good idea for now.

Zekemporium

member

Activity: 64

Merit: 100

I think it is must to increase number or release new BTC, as only 21 millions bitcoins can miners can mine.

redcucumber

member

Activity: 153

Merit: 14

SOLARIS COIN

Quote from: SocialClooud on September 27, 2017, 08:23:40 AM

I heard that many people lose their coins and the current volume of BTC is not current at all)
How do you think will Satoshi add some in future?

bitcoin right now is limited that's why its price is surging like crazy supply and demand law does applies, adding? maybe when bitcoin halving occurs it may happen but that is only a possibility cause it depends on what would the miners are gonna decide

pikebu

hero member

Activity: 854

Merit: 522

Quote from: SocialClooud on September 27, 2017, 08:23:40 AM

I heard that many people lose their coins and the current volume of BTC is not current at all)
How do you think will Satoshi add some in future?

No Satoshi Nakamoto can not add the numbers of bitcoin, bitcoin is just 21.000.000 maximal supply
it has made bitcoin's price is more expensive and bitcoin be made for deflation,
all of the community of bitcoin especially the people who understand about the programming language
can see the source of code bitcoin, so they can participate on control of the bitcoin.

faceoff97

full member

Activity: 644

Merit: 113

Quote from: SocialClooud on September 27, 2017, 08:23:40 AM

I heard that many people lose their coins and the current volume of BTC is not current at all)
How do you think will Satoshi add some in future?

Bitcoin has finite number and it cannot be grown already. One reason why bitcoin price keeps on growing is because it's supply is becoming more and more limited. Bitcoon will not be bitcoin if the volume can be easily multiplied. Having definite number or volume is a good thing, and I think It would be also enough to have its current volume. Time will come that bitcoin miners will be having a hard time.mining it simple because its supply is becoming smaller and limited.

ahmad21

sr. member

Activity: 672

Merit: 271

Technically its impossible to add up more bitcoins to the core network the supply limit of the whole blockchain is only 21 Million which cannot be increased in any way. But yes this is the analysis of the bitcoin core. if you talk about the other forks they can surely increase the supply of bitcoins.

Wipro

hero member

Activity: 924

Merit: 512

Quote from: windsee on November 18, 2017, 07:44:26 AM

In certain extent, it has been increased because of the previous forking, Bitcoin, Bitcoin Cash, Bitcoin Gold.

It is kind of like stock splitting / spin off in the traditional stock market now.

That is not the increasing of bitcoin bro. Since the Segregated witness take effect on bitcoin, after that block size will be increased and henceforth bitcoin transaction would be much faster than before and the confirmation limit will increase.
Now you guys find few days before since the miners moves to BCH you may find the network delay notification on that but bitcoin transaction still faster all the wallet by going with the default fees.

windsee

jr. member

Activity: 54

Merit: 10

In certain extent, it has been increased because of the previous forking, Bitcoin, Bitcoin Cash, Bitcoin Gold.

It is kind of like stock splitting / spin off in the traditional stock market now.

monir34

member

Activity: 93

Merit: 10

I don't think so Bitcoin volume will increase. Because there is max. Supply of Bitcoin 21 million. That's why Bitcoin price is high. Because only limited coin is circulating. If more coin supply then Bitcoin price will be cheap . So in future Bitcoin will not add more coin I believe that.

superjeyy

full member

Activity: 182

Merit: 147

Quote from: Ch1bi on September 27, 2017, 10:37:59 AM

The circulating supply of Bitcoin can be increased. This can happen as more people spend their coins, and as more coins are mined. However the overall amount of coins that will be created cannot be increased as its capped at 21 million. This is how Bitcoin was created and won't change.

I agree with Ch1bi. We will be able to collect, spend, and retrieve coins but one thing we should remember is that it has a limited supply. The only thing that is increasing may be the number of people who uses it or there is an escalation on the people who mines it; basically the demand for it will increase but the amount of Bitcoin we have is definitely finite (as Ch1bi mentioned, there are only 21 million Bitcoins that is produced and is in circulation). Despite Bitcoins numbering into millions in amount, the demand for it has constantly increase making its value greater. In a nutshell, the volume of coins can be increased but this will degrade its value. So in order to preserve its worth, it's better to maintain its original volume.

Alfredjohn

newbie

Activity: 42

Merit: 0

The value of coin will increase it depends on the supplier.

Saifher

full member

Activity: 126

Merit: 100

What drives bitcoins price is the scarcity of the coin. If the dev team simply starts minting new coins (above the 21kk cap), then it'll be no different than the USD dollar itself (that crypto is battling so hard against).

Irvinn

full member

Activity: 966

Merit: 104

For the original bitcoin, increasing the maximum possible amount of its production will have a negative impact on its cost. However, in time there will be a lot of breakaway coins from him, and their number can not be limited.

MisterPrada

full member

Activity: 179

Merit: 106

The quantity of BTK is limited as one of the factors making it valuable. Oil would have been cheap if it were very large and easy to mine.

Ultegra134

hero member

Activity: 1680

Merit: 845

Quote from: creative-raju33 on October 26, 2017, 12:53:58 AM

Volume of coin can be increased in many system. And the volume increased process is not any type of synchronous process.It is a randomly increase.

Volume is the total amount of Bitcoin being traded/exchanged, of course it can be altered, hence the term 24h/Volume on Coinmarketcap for instance. OP means the max supply, however he is using the wrong term, max supply is the correct one.

The max supply of Bitcoin is 21 million coins, it was created with that "term", thus, it can't be altered.

b_parin

member

Activity: 129

Merit: 10

Quote from: SocialClooud on September 27, 2017, 08:23:40 AM

I heard that many people lose their coins and the current volume of BTC is not current at all)
How do you think will Satoshi add some in future?

In case they increase the volume of bitcoin, then the price of bitcoin will become cheap.

mondobitcoin

full member

Activity: 686

Merit: 100

The total supply of bitcoin is 21 Million, and i think that no more volume can be added.
Is a predetermined volume and can not be increased

creative-raju33

member

Activity: 137

Merit: 10

Volume of coin can be increased in many system. And the volume increased process is not any type of synchronous process.It is a randomly increase.

AmXProX

sr. member

Activity: 336

Merit: 250

Quote from: cah ndablek on October 25, 2017, 11:33:14 PM

Quote from: SocialClooud on September 27, 2017, 08:23:40 AM

I heard that many people lose their coins and the current volume of BTC is not current at all)
How do you think will Satoshi add some in future?

It could be that only a few owners can take it back with the various conditions set by the authorities. So we must be able to run well so that the possibility of missing coins previously can be returned in accordance with the previous amount because bitcoin often experience a fairly rapid price change.

It is one of the reason why bitcoin is worth something because of the determined number of coins that will be available in the market after everything is mined. What is the use of having additional coins in circulation? If coins can easily be added in the circulation then bitcoin will just be like the dollar that you have in your zinga poker account.

Topic: Can the volume of coins be increased? (Read 1092 times)