If the price of bitcoin increases - page 2.

FlightyPouch

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Quote from: Charles-Tim on June 06, 2020, 05:35:05 PM

Quote from: FlightyPouch on June 06, 2020, 05:32:24 PM

It is actually 21M supply but the thing here is that there are those bitcoins lost so I think it is less than 21M now. Will it be still added? I don't think so, they will keep it the way it was since that is for the better of bitcoin. The less supply, the higher the demand and the higher the price. More inviting for investors.

Do not get this wrong, bitcoin total supply is 21 million and nothing can change that, the lost bitcoins will still be in circulation so far they are mined already, which means, they have suppied already.

Thanks for that explanation. I thought that if something was in hold, lost or forgotten are not included in the circulation. Well, that clears that up. But that lost and forgotten bitcoins in their wallet means that it could also affect the price positively, right? Thatis what I am going to.

tanjiran

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Quote from: Reid on June 01, 2020, 09:44:07 AM

I am more freaked out with your account rather than the question.
snip
You've been here for quite a long time and you still didn't know about that. (21M BTC fixed)
--

In addition, I am more interested in the source of the article that TS read, is it really reliable? While we all know that the total supply of BTC has been determined and will not be added. Even if demand continues to increase, it will further strengthen the price of BTC when supply is limited, in accordance with economic law.

It would be better if TS also embed the link of the article he had read, so we can read and review it together. Is it trusted or not

Charles-Tim

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Quote from: lemplong on May 28, 2020, 07:57:35 PM

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

It is already said above, there is only 21 million bitcoin that will be in circulation after all are mined.

Quote from: lemplong on May 28, 2020, 07:57:35 PM

Who will increase the amount of bitcoin, if then the demand increases ??

So, nobody will increase the amount of bitcoin, the amount is still increasing in circulation now because not all are mined yet. The way it is increased in circulation is already in bitcoin white paper. And after all bitcoin are mined, no increamemt again.

Quote from: lemplong on May 28, 2020, 07:57:35 PM

Did they Is make this bitcoin, actually ??

Bitcoin was created by Satoshi Nakamoto, but this question is not well asked or baseless, you know bitcoin is existing and we use it like money and still asking if bitcoin was made.

Quote from: FlightyPouch on June 06, 2020, 05:32:24 PM

It is actually 21M supply but the thing here is that there are those bitcoins lost so I think it is less than 21M now. Will it be still added? I don't think so, they will keep it the way it was since that is for the better of bitcoin. The less supply, the higher the demand and the higher the price. More inviting for investors.

Do not get this wrong, bitcoin total supply is 21 million and nothing can change that, the lost bitcoins will still be in circulation so far they are mined already, which means, they have suppied already.

FlightyPouch

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It is actually 21M supply but the thing here is that there are those bitcoins lost so I think it is less than 21M now. Will it be still added? I don't think so, they will keep it the way it was since that is for the better of bitcoin. The less supply, the higher the demand and the higher the price. More inviting for investors.

UserU

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Quote from: FanFanMan on June 04, 2020, 09:01:01 AM

Finally there is the exact date of launch Chinese crypto currency! I highly recommend to read and make sure you wont miss it. Also curious about opinions how it can affect BTC price in long run? Huh

https://newsblockchain.io/news/rumors-and-the-exact-launch-date-for-digital-currency-in-china

Not a single bit, we already have those shitcoins. One more shitcoin to the list won't do anything.

kolbalish

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Crypto Article Sharer!!!

Quote from: ranochigo on May 28, 2020, 08:15:17 PM

The Bitcoin supply is fixed; there are no plans to increase the supply.

Market cap is fixed and there's no way that people would be supporting an increase of the market cap. Doing so would just dilute the current Bitcoin and increase inflation. The fixed inflation is a core feature of Bitcoin and it is unlikely to change. Even with changing demand, a Bitcoin would be worth more and people can buy a fraction of a Bitcoin instead of the full Bitcoin. If Bitcoin ever gets too expensive, we'll probably be able to do a fork to introduce more denominations.

Yes, agreed with you that the supply is limited and fixed. No plans to increase it.

Bitcoin price can be increased due to it's demand but the supply is fixed as I already mentioned.

agf

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As others have said, no one can change the market cap or artificially introduce new bitcoins when the last one has been minted. Also, I wouldn't want to be part of a network or project where the goalposts can be moved whenever people feel like it, because all intrinsic value would be lost.

Skieleton

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There are currently 18,413,175.0 bitcoins in circulation. However, the number changes every 10 minutes as the next block is extracted. At present, the prize for mining one block is 12.5 BTC.

2,586.825.0 bitcoins still remain to be mined and the end ... There is no string for more!

FanFanMan

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Finally there is the exact date of launch Chinese crypto currency! I highly recommend to read and make sure you wont miss it. Also curious about opinions how it can affect BTC price in long run? Huh

https://newsblockchain.io/news/rumors-and-the-exact-launch-date-for-digital-currency-in-china

Nathanz

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There are only 21 million bitcoin out there that are destined to be mined. It is fixed. Now, the price changes base on the demand for Bitcoin. On 2013, the value of bitcoin was low because at that time, Bitcoin wasnt really popular unlike now that everyone knows what Bitcoin is and so the demand is high as well. If the demand increases, the price increases as well.

PANK21

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Quote from: lemplong on May 28, 2020, 07:57:35 PM

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

Can you please provide the link of where you got that trusted source and information. I assume you misunderstood what you've read. The 21,000,000 is fixed and not the circulation, it's the maximum supply cap. that means only 21 million bitcoins can be mine in total. Currently, total number of bitcoin circulation is 18.5 million so that means we they only have 2.5 million left to mine. Some articles also include that because people have lost their private keys or have died without leaving their private key instructions to anybody, the actual amount of available bitcoin in circulation could actually be millions less.

giammangiato

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Quote from: lemplong on May 28, 2020, 07:57:35 PM

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

sorry friend but it seems that they are not so reliable 😅, the btc code does not allow protocol to enter other btc over 21,000,000, this would lead to market inflation. My advice, you find many people prepared here on btctalk that on the web, you will find them only gurus of the situation who then turn out to be anything but gurus

pankaj1234

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Bitcoin has been the leading cryptocurrencies in this market with circulating supply if 21 million. If we see history of this coin price has been increased in over time. Now the bitcoin has been accepted by more people will definitely increase the price. Everything who has a limited supply will increase their price as world has been spreading. If the price of bitcoin increases it will be very difficult to buy bitcoin after some times. It will be a major currency for world in some years.

DdmrDdmr

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There are lies, damned lies and statistics. MTwain

Quote from: lemplong on May 28, 2020, 07:57:35 PM

<…>

Unless your trusted source was from August 15th/16th 2010, which might have brought on some stressful adrenaline pumps to the total number of Bitcoins at the time, then your sources are wrong, and should probably resort to finding more consolidates mainstream entities (or the search function here).

Anecdotally (from today’s point of view), for a gap of time under 24 hours (hours really until there was a patch), someone managed to create a TX with 92.233.720.368,54277039 BTCs, exploiting (allegedly maliciously) what is known as the value overflow incident.

Quote from: satoshi on August 16, 2010, 07:59:38 AM

It looks like we overtook the bad chain somewhere around 74689. 0.3.9 and lower nodes have been responding with the current block number for some hours now.

That means it's no longer necessary to delete blk*.dat before upgrading. You can just upgrade and it'll reorg away the bad block chain.

Thanks to everyone for the quick response!

adzino

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www.Crypto.Games: Multiple coins, multiple games

Quote from: lemplong on May 28, 2020, 07:57:35 PM

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

Who is your trusted source? I guess english isn't your first language, so highly likely you misunderstood the articles.
No, the supply is fixed. Even if the demand continues to increase, there won't be any change in the total supply. With the increase of demand, all we will be seeing is the price increasing. No one can "increase" the supply.

htsy585

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Quote from: lemplong on May 28, 2020, 07:57:35 PM

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

Well, your information source is wrong. Bitcoin has a total supply of 21m and the amount in circulation is not up to that yet. Bitcoin is not being increase when demand grows higher rather, it is being added to circulation through mining activities. No individual or even satoshi has the ability to increase bitcoin supply just because he feels the demand got increases

Reid

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I am more freaked out with your account rather than the question.

You've been here for quite a long time and you still didn't know about that. (21M BTC fixed)
And why is his account still a newbie?
Is it because the merit system was implemented right after his activity?

Utoy101

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Quote from: lemplong on May 28, 2020, 07:57:35 PM

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

You probably got misinformed because the total supply of bitcoin is fixed however, the circulating supply isn't amd that's why we do see increase in the circulating supply from time to time especially through mining activities. The 21million total supply will remain like that forever no matter how much demands bitcoin sees in the future

mersal

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Quote from: lemplong on May 28, 2020, 07:57:35 PM

After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.

and the My question is very simple ...

Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??

Actually no one can increase or decrease the quantity of bitcoin, the number is fixed but mining all those 21 million bitcoin will take too much time like 120 years more even currently 85% of bitcoins were already mined due to halving rewards.If someone tries to increase the quantity then their blockchain will get void with other running nodes that is why blockhain is trustless and completely decentralized.

DeadCoin

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In my opinion, you have incorrectly gathered information from your trusted sources. Because I don't think they know anything about bitcoin, because if they really know something about bitcoin and even the basic principle of bitcoin, they won't give you the wrong information you know from them. Because the total number of bitcoin circulation is 21,000,000 it will not increase despite the increase in bitcoin demand. Because no one can add or subtract it because it is a fix And nobody can do it even the bitcoin maker itself can't do it. And while the demand for each bitcoin will rise, even if it is priced per piece a million or even higher, the supply of bitcoin will not change.

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