Topic: Only 16.7 million Bitcoins in circulation? (Read 537 times)
Bitcoin having a huge million e.g 16.7 million in circulation is still very OK due to it high market capitalization so that they will be the control of inflows of the commodity in other to avoid economic breakdown in the bitcoin network, if you calculate the overall market value of bitcoin in the exchange market you will realize that having a population of 7 billion people in the world will still not over power the 21 million bitcoin in existence due to it high value.
The world population is not constant and therefore bitcoin rules will not change. There are a number of people who are holding thousands of Bitcoins and others are struggling even with their first Bitcoin, but more and more people find it like a valuable store they will surely fight. Fight together to get a piece of this cake. I do not think we are too far from coming in the next few years. In fact, the supply of bitcoins currently circulating in the market and in individuals is about 16.7 million from the maximum supply of 21 million, as the remaining bitcoin supply remains untapped and is still in the process of being exploited. , possibly by 2021 or 2022, the supply of bitcoin has expired in the mine. Like I just wait to bitcoin up and sell it when it reaches again to 20,000 dollars. I think the number of lost Bitcoins will increase over time.
maybe soon all people in the world will use bitcoin in their daily life, and i think bitcoin circulating is increase and makes the price of bitcoin is stable and high, not like now, the price of bitcoin is not stable and we can see there are many people that use this situation for trading
I think the circulating volume of bitcoin is ok, even if the volume is relatively low, I think it is best to project the value of bitcoin. In my personal opinion, I don't think a low circulating volume of bitcoin can prevent people from entering into the world of bitcoin or acquiring bitcoin.
I think only Satoshi knows, why did he only create 21 million bitcoins.
but my speculation is, that satoshi has good plans in the future, satoshi wants bitcoin to be part of the tool for transactions.
but we never thought, technology that continues to grow, makes bitcoin in great demand by some public, so its value also always develops to be very high.
and the impact is that the public will find it difficult to access and invest in bitcoin because today the value is very high.
but my speculation is, that satoshi has good plans in the future, satoshi wants bitcoin to be part of the tool for transactions.
but we never thought, technology that continues to grow, makes bitcoin in great demand by some public, so its value also always develops to be very high.
and the impact is that the public will find it difficult to access and invest in bitcoin because today the value is very high.
I think that the number of lost Bitcoins is more than the official statistics. I think the number of lost Bitcoins will increase with time. I think this is positive for the price.
I read an article recently that gave the number of bitcoins in circulation to be 16.7miion. The article also stated that, bitcoins are being regulated not to exceed 21million in circulation.
What is the reason behind this measure to limit circulating bitcoins to 21 million where as the world’s population is 7.3 billion?
Will many individuals not be denied easy access to earn and invest in bitcoin?
What is the reason behind this measure to limit circulating bitcoins to 21 million where as the world’s population is 7.3 billion?
Will many individuals not be denied easy access to earn and invest in bitcoin?
This is one of many reasons why bitcoin will never be use like cash (money)
I read an article recently that gave the number of bitcoins in circulation to be 16.7miion. The article also stated that, bitcoins are being regulated not to exceed 21million in circulation.
What is the reason behind this measure to limit circulating bitcoins to 21 million where as the world’s population is 7.3 billion?
Will many individuals not be denied easy access to earn and invest in bitcoin?
What is the reason behind this measure to limit circulating bitcoins to 21 million where as the world’s population is 7.3 billion?
Will many individuals not be denied easy access to earn and invest in bitcoin?
Same reason why Gold supply is limited compare to the large size of human population on Earth?
Humans for some strange reasons value things that are scarce and long lasting. I guess Bitcoin was created to imitate this aspect of relationships with values which actually made it valuable today. .
indeed, the supply of bitcoin that is currently circulating in the market and in individuals is around 16.7 million from a maximum supply of 21 million, because the remaining supply of bitcoin is still not mined and is still in the mining process, maybe in 2021 or 2022 the supply of bitcoin has run out in mine.
That why bitcoin are more valuable to mine then gold. Its has only 21 million maximum with people's 16.7 billion in the world. How much bitcoin can be up it depend on the need of our. That why I believe bitcoin can bounce again and can be more pricey when the market are recovering again.
We will be talking about 'Satoshi' and fractions thereof.
1 USD = 1 Satoshi is in the foreseeable future.
1 USD = 1 Satoshi is in the foreseeable future.
Now i am not that active on bitcoin. Like i just wait to bitcoin increase and sell it when it reaches again to 20k dollars.
indeed, the supply of bitcoin that is currently circulating in the market and in individuals is around 16.7 million from a maximum supply of 21 million, because the remaining supply of bitcoin is still not mined and is still in the mining process, maybe in 2021 or 2022 the supply of bitcoin has run out in mine.
When you think about this kind of supply, Bitcoin is actually quite undervalued in my books. There are some people holding thousands of Bitcoin and others struggling even to get to their first Bitcoin, but the more and more people find out about it as a store of value, they will surely be fighting over each other get a piece of this pie. Although we see the market as suppressed right now when some peeps called for 100k USD Bitcoin I don't think we are too far off from those days coming within the next few years. I think three million Bitcoin are lost forever from wallets that people forgot their private keys to.
Bitcoin in circulation is more than 16.7 until the bitcoin was lasts long the users is more and mor. Everyday, everymonth, everyyear many people will include and consider. The population of the world is not constant and therefore the regulation of bitcoin will not be constant.
The whole world population must not own Bitcoin at the same time just as you don't the whole world owning dollar. It can always be passed on from one person to another in form of exchange for goods or services.
I get your dollar analogy but like Fiat currency(an umbrella under which dollar falls), the idea and vision behind cryptocurrency(under which falls bitcoin) is the creation of a global digital currency that can be used for trade in any jurisdiction. At least that's what bitcoin enthusiasts are fighting for, that each nation of the world will legalize the use of bitcoin for commercial trade and transactions. 
I read an article recently that gave the number of bitcoins in circulation to be 16.7miion. The article also stated that, bitcoins are being regulated not to exceed 21million in circulation.
What is the reason behind this measure to limit circulating bitcoins to 21 million where as the world’s population is 7.3 billion?
Will many individuals not be denied easy access to earn and invest in bitcoin?
What is the reason behind this measure to limit circulating bitcoins to 21 million where as the world’s population is 7.3 billion?
Will many individuals not be denied easy access to earn and invest in bitcoin?
- https://en.bitcoin.it/wiki/Controlled_supply
- https://satoshi.nakamotoinstitute.org/posts/p2pfoundation/1/
The whole world population must not own Bitcoin at the same time just as you don't the whole world owning dollar. It can always be passed on from one person to another in form of exchange for goods or services.
I believe it is a good thing, there won't be more than 21 million of bitcoins. So it is limited. For that reason it will never lose its value the way our money is losing day by day.
Well yeah i agree with you this will help benefit us especially in market price where in nowadays it is so cheap compared to last month or the other months of market price. Well this does not mean that even if there are 16.7M bitcoin in circulation then the rest will not be counted for it will be mined through the bitcoin miners. These 21M of bitcoins will be counted to be exactly 21M in the near future. I read an article recently that gave the number of bitcoins in circulation to be 16.7miion. The article also stated that, bitcoins are being regulated not to exceed 21million in circulation.
What is the reason behind this measure to limit circulating bitcoins to 21 million where as the world’s population is 7.3 billion?
Will many individuals not be denied easy access to earn and invest in bitcoin?
What is the reason behind this measure to limit circulating bitcoins to 21 million where as the world’s population is 7.3 billion?
Will many individuals not be denied easy access to earn and invest in bitcoin?
It is actually possible that only 16.7 million is in circulation. Maybe this does not even touch the half of the percentage of bitcoin user but I believe that the bitcoin user who is part of this 16.7 million is the one who know how bitcoin run well.
It's don't a problem!
This is reason because why BTC can go to the moon!
You're right DarkNight. i think I figured this out too late. This is reason because why BTC can go to the moon!
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