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Topic: Is there a fixed supply of bitcoins around the wolrd or is it printable like $? (Read 674 times)

sr. member
Activity: 756
Merit: 253
the maximum numbers of bitcoin is 21million pieces and all bitcoin has been mined! bitcoin now is just circulating on the market and most of it are stored in many peoples wallet ! thats why bitcoin is so votality and have more demand than supply!
What makes you think that all the bitcoins have been mined? Miners are called with this term because they are still mining. People are still mining bitcoins and there is no chance that all the bitcoins will be mined in next 100 years or so. But yes we can say that the pace of mining is too slow than it was around 5 years ago.

it's actually going to end by 2140 and i think that's over 120 yeas time before the last bitcoin block will be mined. Secondly, it seems the OP is at sea with what's going on here, bitcoin is a digital currency being used online without its physical form like the local fiat in your country.
hero member
Activity: 2996
Merit: 609


This table shows it all posted above by stompix. I am mostly got to react on 2023 all bitcoins would be mined and i do believe its just a typo.On the image given it shown on what year would be the last bitcoin to be mined and we are all dead on that year for sure theres no doubt on that. Printable? It isnt. Bitcoin would still remain as virtual and come to think off it do have fixed supply unlike on local fiats.
sr. member
Activity: 987
Merit: 289
Blue0x.com
the maximum numbers of bitcoin is 21million pieces and all bitcoin has been mined! bitcoin now is just circulating on the market and most of it are stored in many peoples wallet ! thats why bitcoin is so votality and have more demand than supply!

Lol. Where you from bruh? You from other universe? Lolol.
Bitcoim clearly hasn't been fully mined yet it is either you are dumb as fck and talk about crappy thing that you don't even know about,  lying, or just trolling. Either ways, your reply is still useless and not needed by everyone here in this topic. Better shut up if you know nothing about the subject, lying or just trolling.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
I dont think bitcoins are printable. It is a digital currency where its value circulates around the net. Miners are the ones who often generate bitcoins and is then processed and passed on for us users to benefit from it. Bitcoins are definitely high in value and there's nothing that could top off that kind of amount.

You don't think?
You've spent 6 months on this forum and you "don think" ?

And bitcoin are "often" generated by miners , then, oh my god , "processed" and the passed on to users?
You really think bitcoin mining is like a sausage factory?

I think there is no fixed supply of bitcoin around the world.

Yes it is and it was posted ten times at least already.

I think it's the supply of bitcoin, not the dollar.  Also bitcoin can be transfer with some sort of a hard drive wallet which you can transfer from your bitcoin wallet to that wallet which is more secure because you can take it were ever you want like a usb.

You don't transfer bitcoin anywhere.
Bitcoins are always in the blockchain, in the same spot.
What you change by transferring from a wallet to wallet is the key to access them.

According to some sources 16 million of the bitcoin are mined and only 5 million are left to be mine till 2140. It's more than a century to mine such a low number of bitcoin which is totally disappointing for the miners and people associated to bitcoin mining. This is I guess the reason for most of the miners switched their hash power to BCH.
I think this is insane if mining bitcoin is become so difficult and expensive. I hope the technology will definitely improve to mine bitcoin and may be then all the available bitcoin may get mined till 2040.

It had nothing to do with the supply.
For at least two years the same reward will be mined every block.
Miners changed to bch for a time because the difficulty on the bch chain was lower and during the pump it was more rewarding to mine there.
But now the hashrate is about 12:1 in favor of BTC.

sr. member
Activity: 441
Merit: 250
the maximum numbers of bitcoin is 21million pieces and all bitcoin has been mined! bitcoin now is just circulating on the market and most of it are stored in many peoples wallet ! thats why bitcoin is so votality and have more demand than supply!
What makes you think that all the bitcoins have been mined? Miners are called with this term because they are still mining. People are still mining bitcoins and there is no chance that all the bitcoins will be mined in next 100 years or so. But yes we can say that the pace of mining is too slow than it was around 5 years ago.
sr. member
Activity: 588
Merit: 254
Is there a fixed supply of bitcoins around the wolrd or is it printable like $?

There is not a fixed supply...yet. However, it's not printable...it's minable.

There will only ever by 21 million bitcoins created, mined. And we will not have mined them all until 2120-2140. The exact date depends on transaction volume between now and then.

After that no new bitcoin will ever be mined.
According to some sources 16 million of the bitcoin are mined and only 5 million are left to be mine till 2140. It's more than a century to mine such a low number of bitcoin which is totally disappointing for the miners and people associated to bitcoin mining. This is I guess the reason for most of the miners switched their hash power to BCH.
I think this is insane if mining bitcoin is become so difficult and expensive. I hope the technology will definitely improve to mine bitcoin and may be then all the available bitcoin may get mined till 2040.
sr. member
Activity: 812
Merit: 262
Is there a fixed supply of bitcoins around the wolrd or is it printable like $?
As far as i know, there are only limited amounts of bitcoin in the world. Is is for about 21million. Having this kind of finite amout will change its reputation or value in the near future or if all bitcoin will be mined. Maybe its price will go higher or it will gone to an end that it will be worthless.
sr. member
Activity: 441
Merit: 250
Is there a fixed supply of bitcoins around the wolrd or is it printable like $?
Yes there is a fixed supply of bitcoin which is 21 Million coins which is not a feature available in dollars. Dollars minted in millions or billions every year which make it an inflationary currency. And no its not printable. I mean printing is required for something that does not exists in real. Like the dollars which are merely a promise by federal bank. Bitcoin is stored in blockchain so does not requires any other proof of its existence.
full member
Activity: 128
Merit: 100
Based of the total $ 21 millions bitcoins that can be mined, it seems from the existing data https://blockchain.info/charts/total-bitcoins just about $ 16 millions already in mined. There are still $5 millions left. We can not predict how long this remainder will be spent to mining. but obviously supply bitcoins will still continue despite reaching the limit.

I think it's the supply of bitcoin, not the dollar.  Also bitcoin can be transfer with some sort of a hard drive wallet which you can transfer from your bitcoin wallet to that wallet which is more secure because you can take it were ever you want like a usb.
full member
Activity: 406
Merit: 100
Based of the total  21 millions bitcoins that can be mined, it seems from the existing data https://blockchain.info/charts/total-bitcoins just about  16 millions already in mined. There are still 5 millions left. We can not predict how long this remainder will be spent to mining. but obviously supply bitcoins will still continue despite reaching the limit.
hero member
Activity: 1806
Merit: 672
Bitcoin itself cannot be printed because it only exist online although he Bitcoin Wallets can be printed physically and you can do it with this tutorial. This can be handy if you don't have internet access on hand but you want to receive Bitcoin as a mode of payment in your transactions. And yes they are right that Bitcoin has a fixed supply but not all of the 21,000,000 has been fully mined yet.
full member
Activity: 644
Merit: 113
Is there a fixed supply of bitcoins around the wolrd or is it printable like $?
There ia a fix volume of supply, there is actually 21$ bitcoin in total.. We are just in 16$ million mark and there are 5M$ still to be mined. Since the whole supply is not yet obtained, the value is expected to rise. Bitcoin is an ever growing coin. Its actually the law of supply and demand,  because the demand is increasing and the supply is becoming limited the value will sure increase and pump.
copper member
Activity: 700
Merit: 120
Gamdom
Yes, there's a fixed supply of bitcoins around the world.The number of bitcoins supply is 21 million.And yeah it's not printable like paper money
full member
Activity: 198
Merit: 100
I think there is no fixed supply of bitcoin around the world.
sr. member
Activity: 448
Merit: 251
Futurov
I dont think bitcoins are printable. It is a digital currency where its value circulates around the net. Miners are the ones who often generate bitcoins and is then processed and passed on for us users to benefit from it. Bitcoins are definitely high in value and there's nothing that could top off that kind of amount.
member
Activity: 101
Merit: 10
No there isn't, there are only 21 million Bitcoins in the world and  the fact that having Bitcoin as the highest value in the market is the proof that its number is dwindling by now. By applying the Economics Law you will understand what I am saying.

By having a fixed 'demand', the value of a specific item will decrease and increase, if the 'quantity' is high and if the quantity is low respectively.
sr. member
Activity: 980
Merit: 255
Everytime that there is a fork i wonder if bitcoin supply is really increasing because of them, i mean, having bitcoin in another coin, i dont know if you understand what i mean.
But it makes sense at all, obviously that "bitcoin" can not increase its max supply, but there are other forks who are trying to do it by giving you 1:1 of your total coins, in their coin. So there are only 21 million bitcoins for a max supply, and there are less than 17m in circulation at the moment, and they are going to be mined in more than dozens of years from now.


I know what you mean, but at the end of the day those forked coins are nothing but copies, think of bitcoin as a known brand of products and think of those forked coins as those Chinese cheap copies that you can buy for a fraction of the price, yes those are cheaper but at the end everyone wants the real thing, so all those forks are destined to fail and bitcoin is destined to keep being the best coin that has been created.
sr. member
Activity: 350
Merit: 250
This account was recently hacked
obviously that bitcoin has a fixed supply, i dont know why you all are saying almost the same because you know that the forks are not affecting the total supply of bitcoins.
There are only 21millions of them in circulation and there will be never more than that amount, because it is impossible, forks are other coins, and bitcoins are just bitcoins.
It is like saying that Euros are going to be Dollars because they are the same thing.
The only altcoin who can be "printed" is Tether, who is almost going to collapse at any time.
full member
Activity: 378
Merit: 101
the maximum numbers of bitcoin is 21million pieces and all bitcoin has been mined! bitcoin now is just circulating on the market and most of it are stored in many peoples wallet ! thats why bitcoin is so votality and have more demand than supply!
Really bitcoin has all been mined? Is the year now 2140? because if not you need to read and analyze the bitcoin and how mining works the total number of btc that is circulating to the entire planet is 16,684,613 by this time and the total number of it is 21 million so still miners are earning btc as a block reward. So stop saying misinformation as the newbies can read this stuff.

The bitcoin is almost the reverse of the traditional fiat monetary system and we are all living in a digital/internet age so it will never gonna available for printed version for it is solely for blockchain technology, the only printed that you will ever saw that is related to it is a wallet i think you misunderstood wallet from the actual bitcoin.
hero member
Activity: 1106
Merit: 638
Is there a fixed supply of bitcoins around the wolrd or is it printable like $?

There is not a fixed supply...yet. However, it's not printable...it's minable.

There will only ever by 21 million bitcoins created, mined. And we will not have mined them all until 2120-2140. The exact date depends on transaction volume between now and then.

After that no new bitcoin will ever be mined.
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