Topic: Is it possible to have bitcoin shortage? - page 7. (Read 3081 times)
in my opinion there will be no shortage if all people in the world want to have bitcoin because before all people in the world have bitcoin, the price will be more expensive. at this time investors are waiting for this situation, they want bitcoin to rise higher.
It is likely that Bitcoin may be in short supply in the future. This shortage kept Bitcoin high in the market. If it's cheaper and available for all, then it probably will not be popular in the market.
It's simple supply-demand economics. Supply is limited. Demand will increase. Thus the price will rise. Shortage depends on how you define it.
Maybe that is why there are so many altcoins in the standby to replenish bitcoin function if that even happen. ALthough that may be a hard case because eventually somebody will have to sell the bitcoin if the price is very high,
People will effortlessly try to buy it and show interest.We all know that Bitcoins were designed to cut production by half every four years.It all depends on the scarcity but it will still be enough.
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?
Yes man whatever you said its absolutely right. In future many people are going to use bitcoin. People are really understanding the benefits of digital currency. If many people using this, bitcoin demand will be high. And the price also will be in moon.
Yes of course this may happen in the nearest future when everybody will want to have bitcoin and this will really help the holders of bitcoin to have much money
I do not know whether it is possible, but if there is a shortage of bitcoin then the price of Bitcoin will be skyrocketing. People will effortlessly try to buy it and show interest. Because 21 million Bitcoin can never be enough for the world.
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 it is enough because even if it all be mined , the circulation process still there . The buy and sell, trading and exchange. On the other hand bitcoin will going to be expensive because it is already on everybody’s wallet. IT Will be enough because still have the altcoin to backing up bitcoin.
There is possibility to have bitcoin shortage in the market if the big capitalists will hold their volume of bitcoin in their wallet ,there will be scarcity of bitcoin in the coin market.
If the demand is high enough then and price will go up, there’s only 21 million Bitcoins, 4 millions haven’t been mined and another 4 million are lost.
That’s why the price of Bitcoins is so high. If every millionaire in the world wanted a Bitcoin they would not be able to own a whole Bitcoins each
That’s why the price of Bitcoins is so high. If every millionaire in the world wanted a Bitcoin they would not be able to own a whole Bitcoins each
I dont think that their will be shortage , as the time goes and value increase the quantity will change and in future when price is very high that time 1 sathosi value will be like 1 usd. So this way we can clear the shortage problem.
I don't think so. Bitcoin is decentralized. It can't just be centrally controlled nor can it be hoarded to create scarcity. Moreover it is designed to multiply or increases in value to takecare of the scarcity as many people buy in... Unless maybe all existing Bitcoins are bought at time by an entity and hoarded. It is even impossible to buy every Bitcoin at thesame times as its limited capacity won't allow that.
i dont think but it can be possibel too 
the price will be too much high if there is bitcoin shortage 
the price will be too much high if there is bitcoin shortage 
If it's calculated mathematically and measured based on each person's wealth, 21 million bitcoin supplies will certainly not be enough to be owned by everyone. But we also know, every bitcoin we can divide into billions of satoshi maybe with this division everyone's need for bitcoin can be fulfilled.
Yes it is possible since its supply is limited to 21 million only. If the interest in bitcoin rises at a parabolic rate then it is for sure that it will be really hard to lay your hand on bitcoin.
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?
Yeah i agree with yours , that in near future we will see bitcoin shortage. I mean worlds total population 7.5 Billion. And as the blockchain technology now reaching to almost every countries and as it is very cheap , it is matter of time that many people will learn more about it and will be very much interested in btc. But bitcoin total supply 21 million among those ~17 million Already mined and it is a matter of time that all btc will be mined ( though mining becoming more difficult with time). Then definitely we will see bitcoin shortage . But this can also be a good news to us , because due to limited supply and more demand price of bitcoin will increase simultaneously which can affect the whole crypto market.
First of all, every Bitcoin can be broken down into 100 million Satoshi. This is the real unit of the cryptocurrency. In addition, new bitcoin is being added to the supply continually.
Although the new cryptocurrencies have names like "Bitcoin Cash" or “Bitcoin Gold," they have value because of their association with bitcoin and effectively increase the total supply of the bitcoin "brand."
The acceptance and use of a cryptocurrency gives it real long-term value. This is the next development in the world of blockchain, and it is already taking place. Political arguments regarding decentralized authority are less important than the real-world goods and services that can be obtained with the coin.
Although the new cryptocurrencies have names like "Bitcoin Cash" or “Bitcoin Gold," they have value because of their association with bitcoin and effectively increase the total supply of the bitcoin "brand."
The acceptance and use of a cryptocurrency gives it real long-term value. This is the next development in the world of blockchain, and it is already taking place. Political arguments regarding decentralized authority are less important than the real-world goods and services that can be obtained with the coin.
I don't think bitcoin will ever short. The price will rather increase drastically. Maybe 1 SAT might be worth $10 or $100 in some years to come. It all depends on the scarcity but it will still be enough. And maybe we may start trading and selling sub satoshi like CryptoHub is doing.
I believe that if will several dominant, global coins, then this will be very well. Because now many crypto-currencies are somehow tied to bitcoin and react very strongly to the change in its price. But there are those who react in the other direction. The more global coins will be on the market, the better I think so.
Jump to: