No, that is certainly not the reason. The price is determined by the rule of supply and demand.
Scarcity is only one of the parameters bound by that rule.
"Higher scarcity" (oxymoron, ain't it?) means lower supply.
Lower supply is pushing the price up if there is sufficient demand (imagine 10 people wanting to buy 1 car - some of them would be willing to pay a little bit extra to secure that car for themselves).
The price is fluctuating and stabilizing because of the rules of supply and demand but scarcity is not the decisive factor. Scarcity may be one of the factors why BItcoin price is so high overall (with the introduction of Satoshi even that is not so evident because you have much more Satoshis then Bitcoins, right?), but the price is currently stable due to some other factors:
1. Recent huge drop and Bitcoin finding it support at 10.000 USD, 10.000 being also the psychological barrier.
2. Whales holding.
3. Current equilibrium of good news and FUD.
4. Nothing really substantial going on at the moment.
5. Weak hands mostly left the market while new ones are currently not entering much.
Again, all of this is balanced by supply and demand phenomenon.
Topic: Limit of Bitcoin - page 2. (Read 515 times)
I guess it depends on how bitcoin performs in the mainstream over the coming years, if it does as we think and really takes off then once the 21 million are mined, the only way people can gain bitcoin by mining will be via the fees in the blocks or purchasing on an exchange.
Now if there are not many sellers than the price will increase as people will be looking to buy.
Now if there are not many sellers than the price will increase as people will be looking to buy.
I dont think bitcoin is holding its limit to reach these kind of amount of money. but as we can see, each year that pass, it has been high. And will get more higher.
If we have reached its limit, prices might rise but the question is will it still be in demand.
That sentence doesn't make much sense. If the price increases further, it's directly a reflection of the increasing demand, so the answer is obviously yes.Since prices will go up buying bitcoin would be more difficult which may result that people resort into other coins.
Nonsense. People are in no shape or form obliged to buy themselves a whole Bitcoin (BTC unit). Bitcoin is probably the most divisible currency/asset that has ever emerged. BTC is nothing more than a unit level that consists of 100,000,000 smaller units called Satoshis. It won't take long anymore from this point before all services start to work with mBTC units by default. 1BTC = 1000mBTC = 1,000,000Bits, or uBTC, but I prefer the term Bits. In other words, you can still buy whole units, but the ones that are of lower value. 
Before this happens, it will take a long time, since the complexity of bitcoach mining will increase with each block. But I like the majority, I think that the cost in this case will only increase.
I think about Bitcoin, and this is just my meaning.
As you know Bitcoin is limit. Total of Bitcoin is 21 million, we have dug nearly 16.8 million Bitcoin. Neither founder can not create more Bitcoin. Is this the reason for raising Bitcoin price high and it's also cause for Bitcoin price reduction when we have nearly reached 21 million.
As you know Bitcoin is limit. Total of Bitcoin is 21 million, we have dug nearly 16.8 million Bitcoin. Neither founder can not create more Bitcoin. Is this the reason for raising Bitcoin price high and it's also cause for Bitcoin price reduction when we have nearly reached 21 million.
If we have reached its limit, prices might rise but the question is will it still be in demand. Since prices will go up buying bitcoin would be more difficult which may result that people resort into other coins.
Will you keep on looking for gold if silver is much easier to mine and has a lot more supply?
I completely agree ! When the limit of 21 million bitcons is reached, then the price will grow significantly because of the lack of coins themselves!
yes of course if supply is limited and demand always increasing, the price will be automatically increase. this is a economic theory..
The cyber currency is getting close to all of its 21 million “coins” being mined and some argue it could happen within five years – over 16,800,000 coins have been mined as of January 13.
Once all of the bitcoins are mined it means supply cannot grow, despite growing demand.
In contrast, the cryptocurrency 'ripple' allows miners to create a maximum of 100 billion tokens.
Enthusiasts say buying bitcoin will become harder and therefore make it more valuable, but others say it will stop being decentralised.
Once all of the bitcoins are mined it means supply cannot grow, despite growing demand.
In contrast, the cryptocurrency 'ripple' allows miners to create a maximum of 100 billion tokens.
Enthusiasts say buying bitcoin will become harder and therefore make it more valuable, but others say it will stop being decentralised.
I think BTC will go up when the number of BTC reaches 21 million.
According to the market supply and demand, things are scarce!
When people need BTC, the price of BTC goes up naturally!
According to the market supply and demand, things are scarce!
When people need BTC, the price of BTC goes up naturally!
Depend on demand.the greater the value of bitcoin, as it increases its capitalization.the limited supply and more demands causing increase in price.
Once the limit of 21 million Bitcoins has been reached, price will continue to increase since there will theoretically be less Bitcoin exchanged on the blockchain. More people will own Bitcoin and forget their private key which means that Bitcoin will now be inaccessible. Therefore, there will be less Bitcoin in the system as time goes on, driving up demand, driving up prices.
Yes, in theory this is so. However, nobody knows how it will be in practice. Here one simple factor is not taken into account. By that time there will be a lot of highly functional and easy-to-use crypto-currencies of small value, which will give a good profit to their owners. Someone will be interested to buy bitcoin, which, say, will cost one hundred thousand dollars ?. It is still unknown
As I have read some of the threads here. They say that was like a wrong price and this is now the corrected one which goes back at 8,000 dollars.
One more said, whales have been playing the bitcoin price. Dumping and now pumping again to create money.
They have different speculations but what matters most is the demand and you just said it right. The number of it will be depleted and as we go there it will be more expensive just like gold and other commodities that are consumptive.
The difference with gold is there may be parts of the world that still have a lot of it which arent discovered yet.
With bitcoin there is a number. No matter what happens, it will be 21 million.
One more said, whales have been playing the bitcoin price. Dumping and now pumping again to create money.
They have different speculations but what matters most is the demand and you just said it right. The number of it will be depleted and as we go there it will be more expensive just like gold and other commodities that are consumptive.
The difference with gold is there may be parts of the world that still have a lot of it which arent discovered yet.
With bitcoin there is a number. No matter what happens, it will be 21 million.
I think BTC will go up when the number of BTC reaches 21 million.
According to the market supply and demand, things are scarce!
When people need BTC, the price of BTC goes up naturally!
According to the market supply and demand, things are scarce!
When people need BTC, the price of BTC goes up naturally!
I think about Bitcoin, and this is just my meaning.
As you know Bitcoin is limit. Total of Bitcoin is 21 million, we have dug nearly 16.8 million Bitcoin. Neither founder can not create more Bitcoin. Is this the reason for raising Bitcoin price high and it's also cause for Bitcoin price reduction when we have nearly reached 21 million.
As you know Bitcoin is limit. Total of Bitcoin is 21 million, we have dug nearly 16.8 million Bitcoin. Neither founder can not create more Bitcoin. Is this the reason for raising Bitcoin price high and it's also cause for Bitcoin price reduction when we have nearly reached 21 million.
1-Btc is trusted cryptocurrency
2-btc will rise for it is limitiaon and popularity
But has some chalenges:
1-high amount of deep
2-low speed of transactions
Bitcoin does not need to be increased and in reality it is less than 21 million with the amount that has been lost over the years for various reasons.
All crypto currency is based on the price of bitcoin when bitcoin decreases in value so does pretty much everything else. Also it is going to be a long time until all the bitcoins are mined.
All crypto currency is based on the price of bitcoin when bitcoin decreases in value so does pretty much everything else. Also it is going to be a long time until all the bitcoins are mined.
bitcoin is the main currency for which everything is traded! Bitcoin will never fall in price! I am sure that we will soon see the cost of bitcoin at $ 100,000! And it will come soon!)) With our technology, we certainly will give 21 million already in the near future, but I am sure that this will not affect the price of bitcoin in any way!
bitcoin has a low supply coin.
it is expected to increase on its price due the limited supply and more demands.
it is expected to increase on its price due the limited supply and more demands.
I think about Bitcoin, and this is just my meaning.
As you know Bitcoin is limit. Total of Bitcoin is 21 million, we have dug nearly 16.8 million Bitcoin. Neither founder can not create more Bitcoin. Is this the reason for raising Bitcoin price high and it's also cause for Bitcoin price reduction when we have nearly reached 21 million.
digging bitcoin nearly comes to extinction thats why the price is continuously growing and not to mentioned this is the first cryptocoin this is the reason he is more loved and many new comers want to be part of bitcoin revolutions..and the price will again grow if we reached the 21 millions counts because only market will tell were to get the valuable coin As you know Bitcoin is limit. Total of Bitcoin is 21 million, we have dug nearly 16.8 million Bitcoin. Neither founder can not create more Bitcoin. Is this the reason for raising Bitcoin price high and it's also cause for Bitcoin price reduction when we have nearly reached 21 million.
I think about Bitcoin, and this is just my meaning.
As you know Bitcoin is limit. Total of Bitcoin is 21 million, we have dug nearly 16.8 million Bitcoin. Neither founder can not create more Bitcoin. Is this the reason for raising Bitcoin price high and it's also cause for Bitcoin price reduction when we have nearly reached 21 million.
If you know, there are only 21 million total Bitcoin that can be mined. Once the miners have opened Bitcoin a lot, the supply will be exhausted, let alone the Bitcoin protocol changed to get a bigger supply. Well, the question is, what will happen when global Bitcoin supply reaches its limit As you know Bitcoin is limit. Total of Bitcoin is 21 million, we have dug nearly 16.8 million Bitcoin. Neither founder can not create more Bitcoin. Is this the reason for raising Bitcoin price high and it's also cause for Bitcoin price reduction when we have nearly reached 21 million.
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