Topic: Is it enough? - page 10. (Read 1211 times)
Of course it's "enough". For a currency to be truly valuable it needs to be truly scarce. A hard cap of 21mm is meaningless because BTC is divisible up to 8 decimal places, so we can trade in satoshis. And, a fork can always be done is more divisibility is necessary.
In economics, the law of demand states that if the price is lower, the demand increases. If you higher the price the demand decreases.
So if the demand for bitcoin increases the price of it should decrease right? But beacuse the supply for bitcoin is limited or difficult to produce the price of it increases in the market.
Increasing the supply will affect the value of bitcoin. If the supply and demand equalizes, the price would stabilize thus lowering the price of bitcoin.
So if the demand for bitcoin increases the price of it should decrease right? But beacuse the supply for bitcoin is limited or difficult to produce the price of it increases in the market.
Increasing the supply will affect the value of bitcoin. If the supply and demand equalizes, the price would stabilize thus lowering the price of bitcoin.
Having said that, it can somehow hold the needs of this generation despite how hungry we ought to be, but in the next decade we are never sure to that.
I guess btc will be far more less profitable when it comes to mining block size increase its computation, mining was so easy to set up today but how about next decades did you think there are no difference, but that is the question making you feel alive to dig deeper unto the crypto world
I guess btc will be far more less profitable when it comes to mining block size increase its computation, mining was so easy to set up today but how about next decades did you think there are no difference, but that is the question making you feel alive to dig deeper unto the crypto world
Yes, you know that 1 bitcoin is 100.000.000 satoshi. So 21M Bitcoin is surely enough for future.
The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?
what do you think of this?
given the vision of bitcoin to become world currency?
what do you think of this?
The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?
what do you think of this?
I think for now 21 million bitcoin are enough to fulfill the needs around the world, but comparing with the far future when more people will get to know it, and more people will invest in it and hold their bitcoins, the circulation will get slow between users so the limited supply will be a problem with a high demand, this will be solved unless the value increase and reach a high price though. given the vision of bitcoin to become world currency?
what do you think of this?
The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?
what do you think of this?
Yes that supply is enough for the demand provided that the value will increase so that supply will become available and enough for the circulation. There's no way to increase bitcoin demand as much as we want to have more bitcoin that is one reason while alternative coins are introduce to divert the market demand of bitcoin. given the vision of bitcoin to become world currency?
what do you think of this?
Think about this...
2.1 quadrillion Satoshi (each Satoshi is defined as 100 millionth of a BTC)
Is that enough?
The thing that we use as a currency must be portable, fungible, durable (and not easily counterfeit), divisible and have intrinsic value.
2.1 quadrillion Satoshi (each Satoshi is defined as 100 millionth of a BTC)
Is that enough?
The thing that we use as a currency must be portable, fungible, durable (and not easily counterfeit), divisible and have intrinsic value.
I think it is enough. If for the fact that not all people are that greedy. Ahaha!
But, really, that is enough.
But, really, that is enough.
There will be 21 million bitcoins. But consider that every bitcoin is equal to 100 million Satoshi. There are also many other cryptocurrencies that can be used for payments.
If the supply is limited, we will see bitcoin on a higher price. This is great because if you hold much bitcoin then you make good money. Other cryptocurrency offers great services and I think we will never run out of supply in the future, this is just a cycle.
Limited number of bitcoins will lead bitcoin to have a higher price in the future. Good thing Bitcoin can be bought in a fraction. Other alt coin owners are burning their unused coins too.
The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?
what do you think of this?
given the vision of bitcoin to become world currency?
what do you think of this?
The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?
what do you think of this?
Bitcoin's number that is running in the cryptoworld is just enough to supply all the users. A person can hardly acquire one bitcoin which means everyone has just about decimal to two bitcoins. Also, it cannot be out of supply because of the volatility of Bitcoin. When the price is high, many holders sell their Bitcoin. When the price becomes low, many buy bitcoin and the cycle keeps on going. given the vision of bitcoin to become world currency?
what do you think of this?
Yeah well even if all the value of the world (73 trillion) transfers to bitcoin it can still be divided up to fraction of cents
I dont think that is enough, when a lot of people using it, the price will be very expensive, that is why there are alt coin that we can used, and if we only used one currency, the rich will getting richer and the poor will have difficult access to bitcoin
The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?
what do you think of this?
The number of bitcoin doesn't matter at all.Even now only a few hold bitcoins in whole numbers and the rest of us only have a fraction of bitcoins.It's obvious that if many start mining most of the bitcoins and the other leftover bitcoins are invested and are being hold then the given the vision of bitcoin to become world currency?
what do you think of this?
value of bitcoin will increase and we will use bitcoins in even more smaller fraction,it's as simple as that.
For me its a yes.. A big yes that its enough for the future . if you really know how to handle you money or your income from bitcoin if you will not use it in a boostful way it will be. But if you will act as a one day millionaire of course it won't be enough. But we are here to gain salary and I know bitcoin is always be here to give us to pay our hard works.
think gold as a reserve currency, it is estimated that there is so little gold in the surface of the world and that`s make it and give it such a value, so also btc would be enough to have that amount.
The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?
what do you think of this?
given the vision of bitcoin to become world currency?
what do you think of this?
The journey is still long to say whether 21 million BTC is enough for the future. The number of circulating supplies currently shows the figure of $ 16,836,012, and there are about $ 4 million BTC left that can be mined. Remember that rewards will decrease over time, and difficulties continue to grow. Price will be more expensive. If it is true BTC will reach $ 1 million / BTC, you will need $ 10 just to get 0.00001 BTC.
If bitcoin becomes expensive in the future we might be forced to send no miner fees(regular to priority fees ranges from 0.00002 to 0.0004) for their transactions because that's the only thing that would make the transaction so expensive.
The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?
what do you think of this?
given the vision of bitcoin to become world currency?
what do you think of this?
Bitcoin was made to store value and exchange it between people without the interference of centralized 3rd parties , even if the number was much smaller , bitcoin is still divisible by thousands and depending on the value you can store in a single coin , dividing it however you like (0.1 0.01 0.001 0.0001 0.00001 .. until reaching the smallest unit "satoshi" ) will permit you to get whatever value you want .
And bitcoin is already a universal coin since it has already been adopted by lots of companies and is recognized world wide , even kids nowadays know about it and it has even penetrated the memes world with the "A bitcoin trader , a cross fitter and a vegan enter a bar .." .
Having a full coin isn't necessary anymore .
What bugs me tho is that thousands of coins have been lost over time , and their overall value continued to grow while they stood inaccessible and no one can retrieve them , but i guess we can't impose in the smart contracts that non used coins can be redistributed or something since it is not juridically or logically doable , so RIP lost coins ..
yes its enough and thtas why bitcoin price will go 200k usd
Yes it's more than enough, bitcoin is divisible by eight decimal places, and the comma could be moved even further to get even smaller units.
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