Is it possible to have bitcoin shortage? - page 14.

cryptjh

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Quote from: jademaxsuy on July 16, 2018, 04:24:01 AM

I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited. So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?

With a max supply of just 21 million Bitcoins, there’s clearly not enough’s Bitcoins, if everyone in the world wants to own one Bitcoins or more.
However Bitcoins are divisible, so everyone can hold small fractions of Bitcoins, if that was the case.
I would also start with hodl a Bitcoins first if I was new in crypto today. And then move on to altcoins and ICO for my new investment.

zhelis74

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Quote from: KS03 on July 19, 2018, 03:52:38 PM

Yes of course you can have a Bitcoin shortage. You will know exactly when its happening. The price will fly to the moon in short order. If the a market is allowed to remain free things like tight supply happen from time to time. The free market may get wild but it quickly adjusts back to the median.

Yes, it is possible to happen in the future if billions of people will demand for bitcoin and it has only a limited supply and if that time comes then surely bitcoin price is pumping until the moon if we based on the law of supply and demand in the market and I hope and look it to happen when I am still alive.

BitCoinGuy10

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Yes, if there is no new Bitcoin release in the market, then there will be a shortage of bitcoin. There will be a time when most people in the world use Bitcoin. So I think if the new Bitcoin does not come it will be shortage

markluis

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I partially agree. Not everyone in the world is going to have the BTC, in that sense shortage may come. There are many second choices in this market. But it is also true that there will be no shortage of BTC as it is divisible and the amount is 21 million coins. The shortage may have come if and only if everyone holds it or try to. Maybe the time might come or not. Looking forward to what happens next.

KS03

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Hi I'm KS03

Yes of course you can have a Bitcoin shortage. You will know exactly when its happening. The price will fly to the moon in short order. If the a market is allowed to remain free things like tight supply happen from time to time. The free market may get wild but it quickly adjusts back to the median.

Ayiranorea

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Leading Crypto Sports Betting & Casino Platform

There won't be shortage of bitcoin, when demand increases with the decreasing supply automatically it is a shortage. Truly speaking the shortage is the one that gets compensated with the growth. In this way can expect price to increase much higher, but it won't be a shortage.

Jannyh

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For shortage i can't really say but since the supply is low, it definitely means there will be a time when demand will be high, this will really push up the price in the future ,holders will sell at a massive profit

Crypto one

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Quote from: jademaxsuy on July 16, 2018, 04:24:01 AM

I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited. So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?

The shortage are already real now, there's not enough bitcoins now, that's why we pay in the thousands for one bitcoins and that's way some people say, bitcoins will go to 100k or even 1m within few years from now.
If every millionaire wanted to hold one bitcoin each, there wouldn't be enough for them either.
And top of that 4 millions bitcoins are missing and another almost 4 millions haven't been mined. And and just a few hundred wallets hold 80% of the rest of the bitcoins.
So it the crypto markets keeps growing the shortage will be massive in the years to come.

jackpot888

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I believe it will not happening because there is a systematic relation between demand and supply. If all the people will use bitcoin then supply will increase by its demand.

Vickyrichy

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Quote from: jademaxsuy on July 16, 2018, 04:24:01 AM

I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited. So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?

Do you mean shortage as in the reduction in bitcoin supply or shortage as in the reduction in the amount bitcoin mined. well, looking at the amount of bitcoins circulating in the system right now, it is enough. The rate at which bitcoin is supplied is more than that of the demand rate.

mbenga

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Quote from: jademaxsuy on July 16, 2018, 04:24:01 AM

I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited. So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?

It is obvious for me that all the people in the world would have a desire to buy bitcoin it's price will jump off so significantly that 90% of people in the world would not be able to buy it because they would not afford it basically.

Kathleen Gomess

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With a finite amount of Bitcoin, a shortage when Bitcoin increases in popularity is really possible. Till that time, Bitcoin price will go up like a mad so that we can use Bitcoin in a very small number to pay for our bills. I'm imagine that prospect.

Pamela Silvaa

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That Bitcoin is limited is the truth. If in the future is is widelier used as a means of payment, the shortage is likely happen. But there is solution to this problem: divide Bitcoin to decimal. I'm not sure when Bitcoin will reach to that point called shortage, but that is the solution I can come up with in case a real shortage occurs.

Genamant

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Trphy.io

Quote from: jademaxsuy on July 16, 2018, 04:24:01 AM

I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited. So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?

If this happens then holders of bitcoin will be very happy. There maybe billions of people in the world but not everybody is into technology and online investments. When this happens then every bitcoin holder will be smiling

bassbity

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Quote from: jademaxsuy on July 16, 2018, 04:24:01 AM

I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited. So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?

Bitcoin only has a 21000000BTC supply coin to mined, but it has the advantage can of dividing up to the smallest part, so I do not think there will ever be a lack of Bitcoin. Bitcoin values can adjust to whatever point is needed just to meet the requests and assessments needed when the rest of the world will use Bitcoin. If demand increases so high because billions of people around the world use Bitcoin, the market will set a greater value for every Satoshi.

Ewox

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If it is possible, I dont think bitcoin was even created for everyone to hold a bitcoin for every individual. Maybe you misunderstood the real purpose of bitcoin. But if it does come to a point wherein bitcoin would all be mined then that would be the time the price increases because of lesser supply and more on the demand.

Baresh

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It is possible to have bitcoin shortage in the future due to high demand and increasing number of traders that determines it's volatility in price.

zolfa

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the ether never becomes bitcoin, but the ether will replace the bitcoin position after the bitcoin supplies run out.

little bitcoin supplies will never be enough for all the inhabitants of the world, so I think that whales will have lots of Bitcoin assets.

Aleshia696

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In my opinion bitcoin shortage is not possible as it has become so popular that it's price may increase a lot but i don't think shortage is an option for bitcoin only people will get less amount of bitcoin with big amount of money.

Phyton76

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A fixed money supply, or a supply altered only in accord with objective and calculable criteria, is a necessary condition to a meaningful just price of money. In a centralized economy, currency is issued by a central bank at a rate that is supposed to match the growth of the amount of goods that are exchanged so that these goods can be traded with stable prices. The monetary base is controlled by a central bank. In the United States, the Fed increases the monetary base by issuing currency, increasing the amount banks have on reserve or by a process called Quantitative Easing.

In a fully decentralized monetary system, there is no central authority that regulates the monetary base. Instead, currency is created by the nodes of a peer-to-peer network. The Bitcoin generation algorithm defines, in advance, how currency will be created and at what rate. Any currency that is generated by a malicious user that does not follow the rules will be rejected by the network and thus is worthless.

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