Due to rules behind the "mining" process, the remaining 4 million coins aren't expected to be mined completely for another 122 years.
For now i do not think bitcoin shortage will be possible for the next 122 years.
Topic: Is it possible to have bitcoin shortage? - page 5. (Read 3081 times)
It is very possible to have a bitcoin shortage because the supply of bitcoin is fixed and that means that if the demand will continue to grow over the time then that will just give bitcoin a shortage because the supply is not enough to sustain the demand of the people in the market from buying it.
The bitcoin is only 21 million coins and they said they will divide it into decimals to provide for many.Yes, the price may soar high but I think one reason there are many cryptocurrencies now is because of its lack of supply already or its price and volatility.
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?
I think this scenario is very possible. It could a group of investors will hoard a lot of bitcoin and then they wait for that shortage because they are just keeping to make the price explode. But I think the altcoin could also save us from that ugly situation.
It's possible if massive adoption happens the price of Bitcoin will surge and there will be shortage of Bitcoin because people will prefer to hold I don't know if this is good for the eco system of Bitcoin because there will be fewer transactions because people will prefer to hold than use it to buy or transact.
That is a sound analysis actually. At 21 million finite bitcoins to be mined, the time will come when shortage might just happen. As with the continual desire and interest of many to get involved in the bitcoin market, that 21 million bitcoin might not be enough. Add the fact that there is an estimated total of 17 to 24 percent of current bitcoin in circulation that is lost, the total bitcoin after the last one has been unearthed will be well below 21 million.
And yes, we just might see an alternative-to-bitcoin coin or token to emerge as the second sought after cryptocurrency as an alternative which is good for the whole of cryptocurrency.
And yes, we just might see an alternative-to-bitcoin coin or token to emerge as the second sought after cryptocurrency as an alternative which is good for the whole of cryptocurrency.
I do not think that, there will be bitcoin shortage will happen any time soon. It will get to a time that the demand of bitcoins will be very high but that does not mean there will be shortage, more bitcoins will be mined.
Bitcoin has shortage when there can be increase in demand but it just happen for short time because when you know that you already have enough holding and it much profitable, no need to hold any longer and sell it which provide another supply in the market. Being in highest price stays shorter than when the price is cheaper. Shortage is not going to happen that far because we hold cheaper coin that give huge profit even the price do not get the value it had last year.
I think there is no such thing as bitcoin storage because it is decentralized, it ia flexible.The value of it gets high and low and you cannot just store it.It is also being used in many ways.However, you can keep it in your bitcoin wallet.
IMO, there won’t be a Bitcoin shortage since the price will adjust according to demand and supply. Bitcoin will get more expensive in the case of more buyer and less seller.
I agree. Bitcoin can be more expensive when less seller on it. More demand will change the price positively and that will happen when people learn who important to hold is and buy more volume to be much profitable but once the price goes up far, everyone sell and price goes down again. That is how the market circulates, high price makes us to be greed wanting for more but there are people who knows how much to wait to gain good profit and decide immediate sell. 
This is evident, Bitcoin has a limited number. Bitcoin prices are down for this reason as well. However, when Bitcoins are fully decoded, this will result in a lower supply compared to demand, which will result in Bitcoin increasing again.
Yes. It’s already happening. In near future we're going to see a shortage and as a result some other cryptocurrency will rise. And because the supply is limited the price will be skyrocketed in the future making its holder unimaginably rich.
I do not think that, there will be bitcoin shortage will happen any time soon. It will get to a time that the demand of bitcoins will be very high but that does not mean there will be shortage, more bitcoins will be mined.
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.
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 in bitcoin that you are referring to will not materialize.
yes there may only be 21 million bitcoin supply and some of this are gone forever.
but you must also realize that every piece of bitcoin can be divided into fractions.
hat is why if ever the whole world will use it we can still all have a part of it.
0.000000001 bitcoin is still a bitcoin after all.
Bitcoin shortage is not even applicable since it was created with a limited fixed supply of 21 million. Let's say that all of the Bitcoins have been used up, then that's it! No more will be created despite of increasing demand. Users will have no choice but to move on to another potential coin. As simple as that.
Yes it is true that is why the prices of the crypto market is too volatile. If all of us can bitcoin it will really happen and no one will earn big profit. If it also happens the price of the market will go to moon and some of the people will not afford it for the reason that the price of the market is too high.
I think that the creators have thought through all these nuances and we definitely do not know the deficit of bitcoins. And to the production of 21 million bitcoins is still far away, so it's too early to think about it.
But the greater the demand, the greater the price of bitcoin. And accordingly, very few can afford to buy even more than one bitcoin. We have nothing to worry about.
It is not so easy like you say. Yes Bitcoin may has a shortage. But Bitcoin has a great trust on crypto market its own. No other coin has any trust like BTC. So If BTC price will go down, we all know that all other coins go after it down. Because no other coin has proved itself yet! There is so long way to happen that.
Maybe it can happen, but if we have a lot of capital and invest in bitcoin, I don't think we will lack bitcoin. Because we have already bought a lot of bitcoin.
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