Overpopulation shouldn't negatively affect the value of Bitcoin. This is because the bitcoin price gains more stability with adoption and as more people start using it the value increases cause of the limited amount of Bitcoins available to circulate. Eventually smaller denominations of Bitcoin like mBTC and Satoshi will tend be come the normally traded units for buying daily necessities because as more people accumulate or get their hands on a certain percentage of share in Bitcoins, there's less left of the total 21 Million Bitcoins left and hence the price increases tremendously as we've witnessed since the past.
If you take a country like China, they have a large population and Bitcoin is dominating in their economy. This is because as more people in China become aware of the benefits of mining Bitcoin and trading in it, they tend to involve themselves. This in turn increases adoption and also increases the price.
Topic: Effect of overpopulation on bitcoin (Read 128 times)
Rather than the price, I think the overpopulation is having an effect on the overall bitcoin infrastructure. Transactions cost more, take longer to go through, and if bitcoin wants to add more users, these issues have to be addressed.
No.
Bitcoin has a constant, fixed supply and thus an increased demand equals an increased price. It's the basic law of supply & demand except here the supply is limited by design.
Why would you say that the more users there are the less chances we have to earn more? As long as the price goes up and you hold Bitcoins, you're earning.
Bitcoin has a constant, fixed supply and thus an increased demand equals an increased price. It's the basic law of supply & demand except here the supply is limited by design.
Why would you say that the more users there are the less chances we have to earn more? As long as the price goes up and you hold Bitcoins, you're earning.
I use to think too increasing population will affect the value of bitcoin, especially the token distribution.
Feeling the more the users the lesser chances we have to earn more.
Don't you think so too?
Feeling the more the users the lesser chances we have to earn more.
Don't you think so too?
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