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Topic: Is it enough? - page 11. (Read 1213 times)

member
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January 30, 2018, 05:40:14 PM
#14
   Yes it is enough,because if there is over supply of bitcoin there is a possibility of decreasing its value. Higher demand with less or limited supply equals to greater or higher value. That's why bitcoin has a limited supply to become valuable currency in the market.
sr. member
Activity: 241
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January 30, 2018, 05:36:08 PM
#13
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?
if you look at the current state, I do not think bitcoin will be enough to meet the criteria as a digital currency.
will be the next time a bitcoin really becomes an official world currency, I think there will be a next generation of bitcoins capable of being created.
besides, many other coins also we can use like Ethereum.
full member
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January 30, 2018, 05:31:37 PM
#12
yes, the vision of bitcoin is to become a crypto currency recognized by the world and serve as a means of payment, and we know today the remaining bitcoin supply is only 4 million, and is predicted to be exhausted in 2024. while the bitcoin vision has not been reached.
but I see slowly some countries have started making bitcoin as a transaction tool, and maybe before bitcoin runs out, the bitcoin vision will be achieved. So, I think this is enough
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January 30, 2018, 05:28:24 PM
#11
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 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.
member
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January 30, 2018, 05:19:00 PM
#10
21 million minus what ever that has been lost over the years.
I really can't get my head around why some think it is too little an amount. Decimal places can continue. If the amount of bitcoin were to be doubled then surely the value attached would also have to half.
Is it more a case that some people will never have 1 whole bitcoin?

People will always struggle with this if it becomes an accepted currency at any point and that's why many have always spoken of using mBTC, that way it would be closer to a more realistic value when looking at other currencies and people could wrap their head around it a little easier. Not to mention people could get over the mental issues of not having 'a whole' of something.
sr. member
Activity: 504
Merit: 251
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January 30, 2018, 05:10:49 PM
#9
21 million minus what ever that has been lost over the years.
I really can't get my head around why some think it is too little an amount. Decimal places can continue. If the amount of bitcoin were to be doubled then surely the value attached would also have to half.
Is it more a case that some people will never have 1 whole bitcoin?
member
Activity: 107
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January 30, 2018, 05:03:06 PM
#8
yes it's enough ; and because of that bitcoin value should rise up to more than 1 million
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January 30, 2018, 05:02:58 PM
#7
I think there is no limit in the cryptocurrency market, if the coin is accepted it will thrive and vice versa if it is not useful then everything will stop. I think that the market and the investment community are the most accurate measure of any asset and bitcoin or other altcoin. Try to develop new features and long-term strategies that can help the project survive the market.
legendary
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January 30, 2018, 05:02:57 PM
#6
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?
you can divided 1 bitcoin into satoshi which make it enough for all.
problem is the number of bitcoin has been declining dramatically because the first coins were being mined was 50 bitcoin (some die and others lost them btc)
hero member
Activity: 798
Merit: 500
January 30, 2018, 05:02:47 PM
#5
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 this is enough, because Bitcoin is not living with everyone, and that person must have needs and some people will definitely sell their Bitcoin, maybe that's where Bitcoin spins from hand to hand, it looks like that's where Bitcoin is rolling to this day.
legendary
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Merit: 2472
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January 30, 2018, 04:59:25 PM
#4
Bitcoin is a world currency already. Perhaps it is the first real world currency. Is 21 million coins enough? Well it will never be a primary payment system - the limits designed into it made sure that that could never happen. The 21 million may not be enough if the bankers and the Deep State remove enough coins to restrict its use.
legendary
Activity: 2380
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January 30, 2018, 04:53:34 PM
#3
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.
full member
Activity: 420
Merit: 136
January 30, 2018, 04:52:59 PM
#2
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 it's enough, nowhere does it say that someone has to hold 1 btc. If we think of say pennies (USD) there would be around 500 trillion of them in circulation if all physical USD that's in circulation was in pennies. Now if we consider satoshi's there will be 2100trillion of them. That's a lot of potential supply to spread around, not to mention that if necessary even a satoshi could be divided if there was an overall consensus.
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January 30, 2018, 04:46:59 PM
#1
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?
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