The total supply doesn't matter for the price.What matters is the mining difficulty+supply and demand.
If the mining difficulty remains the same,the total Bitcoin supply can be even 100 billion BTC,but it would still be that hard and expensive to mine Bitcoins,therefore the total BTC supply might never be reached.
If the total supply is 1 billion BTC,and the mining difficulty gets reduced significantly,then the BTC market will be flooded with newly mined Bitcoins and the Bitcoin price will go down,if the demand for BTC remains the same.
The Bitcoin price is all about supply,demand and mining costs.The total BTC supply doesn't matter.
Topic: If Bitcoin had a Billion Max supply instead of 21 million.... - page 3. (Read 552 times)
Then how much you think the price of 1 btc be today?
The simple answer is that it's impossible to know. If this would be different, you don't know what else would have been different or somewhat affected by this difference, like the psychological factor for buying or selling Bitcoin.
I think that it's impossible to quantify what would be the price now. Imho it's not just simple math.
As simple as the total supply of the other Altcoins out there where they only get low prices because of their massive supplies and most of the time to resolve that issue they burn some tokens just to increase the price a little bit. Well, if bitcoin had such massive supplies I think the price will remain the same but we will trade more BTC in the market and most of the preferred to invest in because of its popularity and decentralized coin. Those investors prefered this kind of coins because they are simply anonymous and no SEC or whatsoever can manipulate the price if they do their so-called investigations.
Keep in mind that this is just a strategy, but not a guarantee that demand will change. It might increase the price for a while and then get dumped without any recovery.
You are correct, not only supply that determines the price of a coin, also demand is another main factor that determine the price of a coin. Also, we should have in mind that nothing will alter the supply of bitcoin instead will only result to a hardfork while bitcoin remain bitcoin with max supply of 21 million btc. All the calculations is just based on assumption of what the price of bitcoin will be if the max supply is 21 billion and yet having such demand and the likes that happened to bitcoin normally. It is just an assumption, just for the OP to understand how increase demand can reduce the price of a coin while others factors remain constant in the calculation which makes it not accurate. 
All I can say is thankfully bitcoin has a capped supply. Most of the coins with close to infinite supply are trash. Bitcoin is scarce & that’s one of the main things that makes it so valuable.
There is a big difference between 21 million and 1 billion, here we are talking about a difference in max supply of almost 50 times. If Satoshi had set things up that way to be 1 billion BTC and left all the parameters the same, today we would have a little less than 900 million BTC in circulation, and you don't need to be any mathematical genius to understand how much that would affect the price.
It’s hard to say how much 1 BTC would be worth in that case, maybe a few hundred dollars or maybe a few dozen? What is certain is that Satoshi did not do anything by accident, but thought of everything very well before the whole thing became public.
It’s hard to say how much 1 BTC would be worth in that case, maybe a few hundred dollars or maybe a few dozen? What is certain is that Satoshi did not do anything by accident, but thought of everything very well before the whole thing became public.
Well, who knows. The dynamics would be different and the interest from others might be lower than you might think. It might worthless too.
Instead of asking about the supply, I think other questions such as what if Bitcoin uses PoS, or what if the block rewards continue to exist at 0.25 per block (or other random numbers) would be more interesting than guessing about the price of a single Bitcoin.
Keep in mind that this is just a strategy, but not a guarantee that demand will change. It might increase the price for a while and then get dumped without any recovery.
Instead of asking about the supply, I think other questions such as what if Bitcoin uses PoS, or what if the block rewards continue to exist at 0.25 per block (or other random numbers) would be more interesting than guessing about the price of a single Bitcoin.
some coins with low price and too much supply can be burned in order to increase the price.
Keep in mind that this is just a strategy, but not a guarantee that demand will change. It might increase the price for a while and then get dumped without any recovery.
Marketcap = Price x Current btc supply in circulation
Price = Marketcap
Current btc supply in circulation
Bitcoin with 21 million max supply and currently 18.6 btc in current supply, marketcap recently will be:
Marketcap = 33000 x 18.6 million = $614 billion
But, if assumed the supply is 21 billion which means assuming 18.6 billion has been mined into circualtion already.
Then, Price= 614 billion
18.6 billion
= $33
Bitcoin at $33000 with the current supply at 18.6 million will have a price of $33 if the current supply is at 18.6 billion if having max supply of 21 billion.
That is just an estimate which can make you to understand how increasing supply can reduce price, the value is not exactly accurate. Some coins with low price and too much supply can be burned in order to increase the price.
Price = Marketcap
Current btc supply in circulation
Bitcoin with 21 million max supply and currently 18.6 btc in current supply, marketcap recently will be:
Marketcap = 33000 x 18.6 million = $614 billion
But, if assumed the supply is 21 billion which means assuming 18.6 billion has been mined into circualtion already.
Then, Price= 614 billion
18.6 billion
= $33
Bitcoin at $33000 with the current supply at 18.6 million will have a price of $33 if the current supply is at 18.6 billion if having max supply of 21 billion.
That is just an estimate which can make you to understand how increasing supply can reduce price, the value is not exactly accurate. Some coins with low price and too much supply can be burned in order to increase the price.
So essentially 5 50 times more Bitcoin, off the cuff response - it would still be limited supply!
The same reward structure would remain I guess so it would take
longer to mine 1,000,000,000.
What is appealing to investors at the moment is the fact that Bitcoin is a deflationary
asset compared to FIAT which is inflationary, Gold is the closest to Bitcoin but still is
or isnt limited [thats a different discussion] and is controlled.
If Satoshi had set the limit at 1Billion I dont think it would make a difference to the
way we think or the appeal of Bitcoin,
On the other hand if there was a consensus to change the limit from 21Million to 1Billion,
Well thats a different matter.
The same reward structure would remain I guess so it would take
longer to mine 1,000,000,000.
What is appealing to investors at the moment is the fact that Bitcoin is a deflationary
asset compared to FIAT which is inflationary, Gold is the closest to Bitcoin but still is
or isnt limited [thats a different discussion] and is controlled.
If Satoshi had set the limit at 1Billion I dont think it would make a difference to the
way we think or the appeal of Bitcoin,
On the other hand if there was a consensus to change the limit from 21Million to 1Billion,
Well thats a different matter.
Then how much you think the price of 1 btc be today? Is it just doing some simple math to work out the price or is it more to it?
If 1/8th of the world population had 1 btc each then what you guys think the price will be?
There's a 1000 million in 1 billion.
If 1/8th of the world population had 1 btc each then what you guys think the price will be?
There's a 1000 million in 1 billion.
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