There are only 21 million Bitcoins available for mining. Once all of those Bitcoins have been mined, no more new Bitcoins will ever be created. This stands in stark contrast to national currencies, which are constantly expanding. For this bitcoins are being regulated not to exceed 21million in circulation.
21 million Bitcoins only for 7 billion population in the world it means 1 bitcoin for 0.3 million people this is what makes bitcoin unique . Still only 16.7 million bitcoin have been mined for for mining remaining you have to use high processing machines which cost too much on a small scale so for mining remaining Bitcoin it will require a long time to mine remaining that a unique feature that has made bitcoin so popular as the less the quantity more the price. 
Topic: Only 16.7 million Bitcoins in circulation? - page 2. (Read 537 times)
It is a relatively low number in order to promote the value of Bitcoin. That is if fear does not control emotions and limit its possibilities. The only thing that will really stop Bitcoin is the fear of the masses.
“fear of the masses”, this is deep. I however think makority of the fear are in place: there are too many hackers and scams in the bitcoin/cryptocurrency community.
It’s true. The numbers are valid. Don’t have clear idea what would happen when all done. I think, the transaction fee will. Plus, when demand is high and supply is limited, the price of the coins will surely rise like rocket. A lot of developments are happening around Bitcoin. I believe, something will come up.
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?
Bitcoin is not being regulated to not exceed 21 million it was created that way. To be honest nobody know what is the exact reason why it was created that way, unless you know Satoshi Nakamoto or Satoshi reveals himself and answer that question no one will be able to answer that question.
In concern with the population and being denied to access Bitcoin, it has smaller units and no one will deny someone, everyone can get bitcoin/satoshi.
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?
16.7 million in circulation is already a big number. I do not know how they regulate it but I think the blockchain technology has something to do with this. Also anyone can buy bitcoin but it also depends on the country they are living. Also, the population of the world is not constant and therefore the regulation of bitcoin will not be constant either. 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's don't a problem!
This is reason because why BTC can go to the moon!
This is reason because why BTC can go to the moon!
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?
Firstly, BTC supply chain is limited by its technology. Secondly, BTC could be divided in small parts (satoshi) so it is not a problem
many are lost and will remain unrecoverable .... i have heard speculation that perhaps 2M or greater are out of circulation for good. So a final usable minting of 19M or less.
Every day more stories of forgotten pass, forgotten priv key, broken hdd's, etc.
Remember me to poor james howell. Here say around 4 million bitcoins lost forever, so total supply 17m reached soon. i hope we'll find way to get them backEvery day more stories of forgotten pass, forgotten priv key, broken hdd's, etc.
bitcoin like gold is limited to only 21 million coins means currently there are 4.3 million coins left. so if we have bitcoin then in the future we will gain profit. bitcoin is limited because to prevent inflation. and it is estimated bitcoin will be mined by 2040. i think all people in the world will not buy bitcoin but bitcoin can still be bought with fractional units such as 0.000001 (satoshi)
I don't think there are any particular reason that btc got 21 million supply, but because of the limited number btc will become more valuable in the future, and if the price has become more expensive the people can buy and used bitcoin's fraction, the usage of alt coins is to balance the btc price, so when btc price is too high alt coin could be used for transaction
The creator of bitcoin Satoshi has framed bitcoin in such a way that there should be only 21million bitcoins available for supply.Satoshi may have wished to make bitcoin free from deflation unlike US Dollars.
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?
The rest of the bitcoins are not mined already and some are alreadt lost from the early year there are many cases reported of their missing bitcoin. I read some articles that 10 million of bitcoin are in circulation tge rest are in storage of the big whale who manipulates the value.
Bitcoin supply circulation is still at 16.7 million of 21 million total supply. Because some of the coins are still not in the mine, and still in the process of mine. And this will reach 21 million coins estimated in 2021.
It is a relatively low number in order to promote the value of Bitcoin. That is if fear does not control emotions and limit its possibilities. The only thing that will really stop Bitcoin is the fear of the masses.
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?
The reason to limit the number of coins was very simple in order to create something that is valuable most of the time that something needs to be scarce, but you're not understanding the number of coins is irrelevant satoshi could have put the number at 100 million and that would mean that there will be roughly 85 million coins in circulation right now so nothing will change. 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?
many are lost and will remain unrecoverable .... i have heard speculation that perhaps 2M or greater are out of circulation for good. So a final usable minting of 19M or less.
Every day more stories of forgotten pass, forgotten priv key, broken hdd's, etc.
Every day more stories of forgotten pass, forgotten priv key, broken hdd's, etc.
There are 21 million BTC but 2_100_000_000_000_000 satoshis. It will be enough for the everyone in the world.
The exact number (21 million) is arbitrary. It's presumably just a rough estimate from satoshi of what BTC's value to users would be, and thus how many BTC needed to exist.
And the total amount of available units, which is 10^8 x 21 million or 2,100,000,000,000,000 units, appears to have been chosen in order to make it almost impossible for 1 satoshi to be worth more than one US cent was worth at that time.
Since users can just use smaller divisions if necessary, the current price of 1 BTC (which is basically 100,000,000 units) doesn't matter that much.
And the total amount of available units, which is 10^8 x 21 million or 2,100,000,000,000,000 units, appears to have been chosen in order to make it almost impossible for 1 satoshi to be worth more than one US cent was worth at that time.
Since users can just use smaller divisions if necessary, the current price of 1 BTC (which is basically 100,000,000 units) doesn't matter that much.
Thanks for the education. You all make great sense!
A fixed supply yet can be divided infinitesimally if necessary. Bitcoin is made this way in order for it to be scarce, thus creating some form of value due to scarcity. But that doesn't mean that the 21 million hard-cap restricts new people from coming in and getting their fair share of the pie. It's considered as money, so of course they need to work in order to take home some of the precious bits, and that is if they wanted to anyway. Also, on the 7.3 billion people, I don't think the vast majority would be glad to use bitcoins even in the next 5 years seeing that the development around the network has been slow--the economy of bitcoin has been in a slump and no new businesses are wanting to do anything with bitcoin as of late.
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