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Topic: Enjoy bitcoin while supply lasts (Read 1026 times)

legendary
Activity: 2268
Merit: 1123
July 04, 2016, 05:28:23 PM
#25
Bitcoin has a limited supply and the users are constantly growing by numbers. The dwindling supply of bitcoins versus the increasing demands of consumers will lead to the shortage of supply and may lead to the total failure of bitcoin in the future. It is possible that it my happen so enjoy your bitcoins today since it may not be there tomorrow.

That concern was addressed by Satoshi Nakamoto even he launched Bitcoin. You are similar to a first grader who is trying to tell his sister how to solve a college calculus problem because he just learned how to add two-digit numbers that day.

Agreed;  insane topic.
sr. member
Activity: 399
Merit: 257
July 04, 2016, 05:18:37 PM
#24
Bitcoin has a limited supply and the users are constantly growing by numbers. The dwindling supply of bitcoins versus the increasing demands of consumers will lead to the shortage of supply and may lead to the total failure of bitcoin in the future. It is possible that it my happen so enjoy your bitcoins today since it may not be there tomorrow.

That concern was addressed by Satoshi Nakamoto even before he/she/they launched Bitcoin. You are similar to a first grader who is trying to tell his sister how to solve a college calculus problem because he just learned how to add two-digit numbers that day.
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
July 04, 2016, 03:51:36 PM
#23
"shortage of supply will cause an increase in value" that is the point, and in that rise  we can make serious money. I think there will be something more when we stay without supply, even now coins are circulating, alt coins are used a lot also. Someone smart will think of something, btc will worth a lot one day, so maybe its time for us to think which coin can follow bitcoin steps.
I believe that OP made a big mistake, bitcoin will be here tomorrow and we will enjoy in this crypto world many more years. Digital future is coming, people can fight against it, but its coming, and for sure blockchain technology is the big part of that future.
legendary
Activity: 1456
Merit: 1001
July 04, 2016, 03:38:36 PM
#22
I have another view of your problem, with more users wanting to buy bitcoins prices will increase and problem solved. The supply/demand market will find the correct price.
legendary
Activity: 1008
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
July 04, 2016, 03:15:34 PM
#21
I think the only time we need to worry about a dwindling supply of bitcoin is once/if the user base ever increases to above 10 million or more. Even at a 10 million userbase not everyone is going to necessarily  own 1 bitcoin so maybe the real amount you are going to need is 50 million or more. This kind of really shows how small adoption we are at right now with probably only a few million users at most.
sr. member
Activity: 448
Merit: 250
BetcoinRakeback.com
July 04, 2016, 03:08:51 PM
#20
Bitcoin has a limited supply and the users are constantly growing by numbers. The dwindling supply of bitcoins versus the increasing demands of consumers will lead to the shortage of supply and may lead to the total failure of bitcoin in the future. It is possible that it my happen so enjoy your bitcoins today since it may not be there tomorrow.
looks like another user who missed bitcoin era is now giving his opinions to others.With the constantly growing bitcoin users its price will also increase to higher levels in future because of its limited supply.
legendary
Activity: 1904
Merit: 1073
July 04, 2016, 03:01:26 PM
#19
The day when 1 Satoshi is valued at $1 ... would be the day, when you have to start worrying about supply.... and just as you start to worry about that... the decimal will be shifted with one digit and

we will have more fractions of a Satoshi to work worth. Just remember that Bitcoin is programmable money and it is divided into 8 decimal values... giving us more Satoshi's to work with that we do not

have to worry about that problem. It's a good problem to have... the less Bitcoin in supply, the higher the price... in theory any way.  Grin
legendary
Activity: 2016
Merit: 1030
Privacy is always important
July 04, 2016, 02:05:29 PM
#18
Do you know what is bitcoin?

It is a currency and the supply will be there everywhere, as people will use their bitcoins for buying things and for paying for services etc, so there will be the supply of bitcoin.
Yeah this is just like a money there is a generator that can generate bitcoin.. also many exchanger site there that can supply bitcoin instead of trading..
So i think the supply do you mean for now is impossible to happen bitcoin will stay strong..
legendary
Activity: 3332
Merit: 6809
Cashback 15%
July 04, 2016, 01:55:46 PM
#17
Well, seeing as how bitcoin is divisible down to 8 decimal places, I think I will be enjoying bitcoin even more as the supply "dwindles".

 Cool
Exactly.   As long as the price increases and as long as there's demand, there's going to be enough for everyone.   And I have no doubt that that's exactly what's going to happen.
hero member
Activity: 672
Merit: 500
July 04, 2016, 01:47:19 PM
#16
Do you know what is bitcoin?

It is a currency and the supply will be there everywhere, as people will use their bitcoins for buying things and for paying for services etc, so there will be the supply of bitcoin.
legendary
Activity: 1638
Merit: 1046
July 04, 2016, 01:35:10 PM
#15
I think it will not possible because if the price will increase gradually and i think miners will increase so the supply will still fill and our supply will not turn into zero.. because the more the price is increase the more miner will enter..
newbie
Activity: 14
Merit: 0
July 04, 2016, 01:25:58 PM
#14
i agree, time will come that bitcoin's supply will be very limited and its value will be high...good for us to know it early and earn while it has many supply
full member
Activity: 196
Merit: 100
July 04, 2016, 03:05:44 AM
#13
Perhaps you forget that one Bitcoin is a 100 million indivisible units.
21 million coins - a little more than two quadrillion (2,099,999,997,690,000) the maximum possible units. It is assumed that by the time the last Vitcoin be produced in treatment will be part of the coin - milliBitkoyny (mBTC) and mikroBitkoyny (μBTC). However, it is possible and denomination with ratios of 1:10 to 1: 100, and so on.
legendary
Activity: 2268
Merit: 1123
July 04, 2016, 12:23:11 AM
#12
Well, seeing as how bitcoin is divisible down to 8 decimal places, I think I will be enjoying bitcoin even more as the supply "dwindles".

 Cool

Yep, it's going to "dwindle" to 21 million.....   ZOMG.
legendary
Activity: 1512
Merit: 1000
July 04, 2016, 12:17:04 AM
#11
Well, seeing as how bitcoin is divisible down to 8 decimal places, I think I will be enjoying bitcoin even more as the supply "dwindles".

 Cool
full member
Activity: 168
Merit: 100
July 04, 2016, 12:12:23 AM
#10
Bitcoin has a limited supply and the users are constantly growing by numbers. The dwindling supply of bitcoins versus the increasing demands of consumers will lead to the shortage of supply and may lead to the total failure of bitcoin in the future. It is possible that it my happen so enjoy your bitcoins today since it may not be there tomorrow.
Yeah its limited supply but many people interested in bitcoin and they adopted it  as a new currency. The supply and demand of bitcoin will affect the value of it. If the demand of bitcoin increase the value also increase. if it still many people believe in it there is no reason that bitcoin be failed.
legendary
Activity: 3010
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
July 04, 2016, 12:04:03 AM
#9
seems people expecting the price rising too much when they're all holding the bitcoin and gonna sell it all massly at the same time when halving just happen,price rising is not that easy to be happening and mass selling will only result price falling,just hope people know it
hero member
Activity: 490
Merit: 520
July 03, 2016, 11:58:55 PM
#8
Bitcoin has a limited supply and the users are constantly growing by numbers. The dwindling supply of bitcoins versus the increasing demands of consumers will lead to the shortage of supply and may lead to the total failure of bitcoin in the future. It is possible that it my happen so enjoy your bitcoins today since it may not be there tomorrow.
its the opposite that will happen actually. 1 bitcoin has 8 decimals and it can even be divided by thousands so supply isn't a problem so long as the value is good. and the god news is the the more demands, the higher the price will be.  also, no shortage will happen since there are lots of altcoins available for everyone.
That's actually a good point. What everyone seems to be missing is the fact that Bitcoin is heavily divisible and thus it isn't something like fresh water or gold; there is always a tangible yet visible number that can be incredibly small, and can be spread out among a large number of people.

Considering if Bitcoin hits $1,000,000 a coin Bitcoin would have a rough market cap of $24,000,000,000,000, which is still a believable number and something at would fit within today's economic system (should Bitcoin be desired that heavily), and every Satoshi would be worth $1, the value ($24T) is large enough that no country would be able to buy all of it, every country would only be able to buy most of it, and there would still be a lot left over for the average person. I think there is enough for most people and the supply is big enough. Worst case you add more decimal places if Bitcoin goes >$9.999m/Bitcoin.
legendary
Activity: 3388
Merit: 4615
July 03, 2016, 11:49:14 PM
#7
Gold has a limited supply and new people are being born every day. The dwindling supply of gold versus the increasing demands of consumers will lead to the shortage of supply and may lead to the total failure of gold in the future. It is possible that it my happen so enjoy your gold today since it may not be there tomorrow.

Fixed that for you.
legendary
Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!
July 03, 2016, 11:46:37 PM
#6
Bitcoin has a limited supply and the users are constantly growing by numbers. The dwindling supply of bitcoins versus the increasing demands of consumers will lead to the shortage of supply and may lead to the total failure of bitcoin in the future. It is possible that it my happen so enjoy your bitcoins today since it may not be there tomorrow.
its the opposite that will happen actually. 1 bitcoin has 8 decimals and it can even be divided by thousands so supply isn't a problem so long as the value is good. and the god news is the the more demands, the higher the price will be.  also, no shortage will happen since there are lots of altcoins available for everyone.
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