Is limited supply money such as Bitcoin better than the ...

samcrypto

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Quote from: Dondont on July 01, 2019, 10:12:04 PM

Quote from: ideas500k.com on June 13, 2019, 12:50:20 PM

Is limited supply money such as Bitcoin better over the current forms of money?

For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.

It could be but in this case, the supply and demand for Bitcoin is actually not that simple. Do you see how volatile the price is?

The longer there is more circulating supply. so that demand also decreases

Volatility make bitcoin on risk compare to other fiat money but a limited supply can make a currency more expensive. Bitcoin is a good additional currency for all of us and every currency have their own advantages and I don't fully see bitcoin as a better for now but hopefully it will continue to grow and be the top options for online payments worldwide even the wire transfer using its technology. Banks are on risk for transacting online for sure.

rodskee

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Quote from: ideas500k.com on June 13, 2019, 12:50:20 PM

Is limited supply money such as Bitcoin better over the current forms of money?

For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.

You already said that fiat money can be printed out more.but bitcoin is only limited supply.in term of volume of fiat money compare to bitcoin it is better ofcourse because so much more money in all over the world but bitcoin is limited only.but we know the value of one fiat compare to bitcoin.bitcoin is much more than to fiat.but in term of using bitcoin is much better to use bitcoin,easy to carry even a big amount you need it if you have bitcoin you can have it.bitcoin is better than to fiat in term of security.this is just for me.you have a safe place to put money in a digital wallet than fiat money that someone can steal.where ever you go you can cashout your bitcoin into a fiat money.easy to use wherever you are.
Thats my reason why bitcoin is better than fiat or current money.

Dondont

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Quote from: ideas500k.com on June 13, 2019, 12:50:20 PM

Is limited supply money such as Bitcoin better over the current forms of money?

For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.

It could be but in this case, the supply and demand for Bitcoin is actually not that simple. Do you see how volatile the price is?

The longer there is more circulating supply. so that demand also decreases

OnceTwiceThird

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Maybe today have limitation of supply money in the world and each country will have their way how to create money for using as transaction payment, if have much supply money will have less price.

Youghoor

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Bitcoin is an alternative form of money and it was developed to make transaction of goods and services easier and faster. For me, I don't think Bitcoin is better than physical fiat. Currently, physical fiat or currency is the only thing partially backing Bitcoin and the entire cryptocurrency market.

sulis sudibyo

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Quote from: ideas500k.com on June 13, 2019, 12:50:20 PM

Is limited supply money such as Bitcoin better over the current forms of money?

For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.

yes bitcoin is better, because the amount is limited and the most important thing is that BTC is decentralized. no control of bitcoin is the best thing.

with a limited amount, as long as the demand continues to increase it will increase the price. when the initial bitcoin release price was less than $1 but now it was more than $10k. this proves that bitcoin is better.

cryp24x

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I believe that everything should have limits so that it can be properly managed. If we don't set limitations on something then we are not setting a space that can be computed as well as in simple term, limitless. Bitcoin is really ideal I think and the ability to maintain the order on the system was properly conceptualized.

xWolfx

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Better than the alternatives? Yes, by far.

Printing a lot of money means that the inflationary rate will skyrocket, countries with problems tend to do this stupid thing and end up increasing the inflation a lot faster than how it was increasing before.

Economic is interesting when analyzing the macro outcomes of things. Limited supply means the contrary of inflation as demand grows.

shoreno

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Quote from: Market-desi on June 30, 2019, 05:23:18 AM

if according to my knowledge, bro. indeed the supply of paper money is very limited. therefore I always think bitcoin is very good at being a reserve currency. moreover now there are some countries that have accepted bitcoin as a legitimate currency

i think the supply of money is not limited because the banks or the governments can always print more while on bitcoin its only limited because the devs already set it and they cannot modify it anymore but other cryptos have more supply and other have unlimited supply but they say that the more supply the badder it was or the value wont grow high enough . bitcoin is still considered as an investment asset and will be good at it but not in the form of a pyment method due to its expensive fees .

Market-desi

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if according to my knowledge, bro. indeed the supply of paper money is very limited. therefore I always think bitcoin is very good at being a reserve currency. moreover now there are some countries that have accepted bitcoin as a legitimate currency

jake zyrus

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Even though the government can print a lot of money, they won't do it either. Why? Because there's this principle where it'll just cause inflation. The prices rise when the government prints too much money.
And I think for bitcoin, since the supply is only limited, its value will just depend to supply all the demands and needs of people.
So I think, it's better with limited. Even the government tries to limit the printing of money.

bloodyvio

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of course with limited supply making bitcoin far better than the current currency
the current currency is threatened with inflation if it is continuously printed out
and this happened in Venezuela, they went bankrupt because they kept printing money

but limited supply is very dependent on demand
and this makes prices unstable

Suslura

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It seems to me that the limitations of the product benefit the product itself, since it will be well priced. I can give two examples that show very well how valuable a product is, which is a limited quantity. First of all, I want to give as an example the gold metal, of which there is also a certain amount in the world and no more. This metal is very well appreciated. That is why it is often compared to Bitcoin. I can give an example of the BQQ coin, which is almost so reduced in price that such little things do not attract anyone, and all because the Bitsdaq team spotted a huge amount of coins. In order to improve the situation, they will have to burn These coins for years or even decades.

ideas500k.com

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thank you for the valuable insight everyone

Eildosa

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A limited amount of currency is very good to increase your investment in the future. But if you consider the currency as a payment method, then a limited supply is not very good for this. Therefore, it all depends on the purpose of using the currency. It can be as good, tau and bad.

Shenzou

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Quote from: ideas500k.com on June 13, 2019, 12:50:20 PM

Is limited supply money such as Bitcoin better over the current forms of money?

For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.

Technically all the other paper currencies like EURO, USD should be limited as well in order to preserve their value, but due to economical problems some countries tend to print more which leads to inflation which means their currency loses some of its value such is the case of countries like Zimbabwe and currently Argentina and that is all because they have the possibility and the power to print it, but with the bitcoin there is no such thing as creating more bitcoin we can't do that the network already has a limited supply that can't be copied or changed and that is what makes bitcoin special and that what makes its price always going up.

pixie85

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It's always better. Every instance of some government or ruler weakening the currency ended badly for the economy and for the country. Centuries ago when coins were made of silver and gold people found a way to debase the coin by adding some impurities or other less valuable metals to it to make more.

You can't do it with Bitcoin and this is where its strength lies.

whyrqa-1

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if someone talks about Bitcoin limits, then today this question is not relevant, since there is moderate demand and supply in the cryptocurrency market. If this coin were more, then its price would be noticeably lower. No wonder many companies ignite their coins to improve the position of their coins in the cryptocurrency market.

Kucink

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limited coin that mean every time coin will have a limit stock and can't build more.
i think that is good for coin growth, becuase when coin is hard to find this will automatic make a price grow up.
this is a good marketing strategy, we can look a limit supply of BTC and then BTC is on the sky with high price.

Lily_Olive

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Quote from: Ucy on June 14, 2019, 05:57:02 PM

Well, gold has limited supply too. The ancient world has been using scarce currencies with limited supply for good reasons until recently.
Why people choose Scarce currencies over unlimited ones
1. Scarce is valuable and attractive
2. Scarce currencies are hard to fake.
3. They are hard to manipulate.
4. Requires alot of hardwork to create.
5. They last very long
6. They increase in value

Gold is also infinite.. these all are gold properties???

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