Topic: the price of Bitcoin a case of being "Limited Edition" (Read 298 times)

That is the other point a reader would come to, if they already understand the difference between the supply or stock of BTC and other cryptocurrencies, and the point is stocks or the number of the coins can and would have an effect on its value, whether BTC or altcoins..that is why I stated in the review post, that although this topic pertains to the BTC, the gists found within it also applies to altcoins, in terms of the number of supply, wherein as stated by a sr. member in this post, it is indeed true that many altcoins have unlimited numbers. Thus, to conclude, the number of supply and stock, regardless if whether or not it is the BTC or other forms of cryptocurrency would affect the value of such coins. Therefore the main gist of this topic can and touches even altcoins, they are related directly and indirectly, as based from the latter stated facts. Thank you for the discussion....

Remember that though bitcoin is limited to 21 million coins, there is no limit to the number of alts created, and some alts have unlimited coins.

Bitcoin's market share is only 37% of all cryptocurrency.

And that is because although bitcoin is scarce, cryptocurrency isn't

The argument against is often stated that Bitcoin is open source and not a one off.   Its possible for competition to duplicate some of its utility without paying any royalty to the original network or any of its costs.

They wont have the security bitcoin has perhaps, I think thats the main argument is that the miners stay with the longest blockchain as it allows the highest price vs cost of attack.

In fact this is a very good thing for everyone who holds some bitcoin, which we know will be the number of users and the limited bitcoin, it will make the bitcoin price more expensive and certainly many people are competing to get bitcoin, it is not possible bitcoin will in add supply, that we know bitcoin is cryptocurrency which is very good for kedepanya ..

I just know that bitcoin is limited hopefully there are still many opportunities for me to get some bitcoin because I again try to get it. I hope the age of bitcoin will be long.

yes, I agree with you. bitcoin limited edition because the number is only 21 million. and today there are only 3.5 million bitcoins left, and is predicted to be exhausted in 2014. with the less stock and small, so bitcoin price will be very high. 1 BTC = lamborghini performante.
bitcoin limited edition: Lamborghini performante limited edition as well.

if bitcoin is created unlimited then bitcoin enthusiasts will not be much and will affect the price that will tend to go down. bitcoin will not add supply but will do the hard fork as before

The currency is the virtual currency according to the equation is calculated out, and the result is only more than 2000, so the total number of COINS are fixed.

Thus, to conclude, the bitcoin and it being a merchandise that has the history of being "limited in edition", and the present age it is in now, as well as the relationship of the total number of holders in relation to the total in circulation, affects the value, particularly the crash on the value it has, or the dynamic changes in its value. Thanks for replying all,  i learned a lot.

Yes, but maybe that will happen in 2040, because bitcoin estimates will be exhausted in the mine that year
and there is also the possibility of bitcoin disappearing, replaced by altcoins that have more stock

No body can predict what will happen to bitcoin in the
future. That's all I can say. Companies are racing to replace
bitcoin so there will be the next bitcoin that is not limited
edition.

Because the number of bitcoin is fixed at 21 million, bitcoin may be lost, that is, forever disappeared, because he can not be recovered. The amount of bitcoin will only be less than 21 million, so he is a limited edition. But his price is not fixed. His value is fluctuating with the market.

Sir/Ma'am
imapessimist
      You got my point....but do not be discouraged, because once you understand the price crash, you would have knowledge on what to do........thank you for understanding what i am trying to say.....

and Sir/Ma'am
blinchain
       I disagree, since, You already gave a point to what I am trying to say...by stating that they created 21 million as a limit(limited edition).....thus, by that alone, "the principle of a merchandise being limited in edition" is in the history of the bitcoin industry....that is why you have your dynamic changes in value........ anyways I think you did not understand what I was trying to say. All good, and it is all for discussion...Peace out...and by the way....you should try to comprehend it...... it is important.............

If Bitcoin is going to be limited always to 21m coins that will be nowhere near enough to go round to everyone in the world.  Which would mean there will be a few faceless whales at the top controlling everything.  Even worse than the banking system now.  And everything a big secret.  It's all gone wrong somewhere and I've lost my faith in Bitcoin.

What I am talking about is how similar the value of bitcoin is with the value of merchandise that are "limited editions". That is why crashes in price, and then sudden increase in the value of bitcoin happen.....this is in relation to the number of coin holders to the value of bitcoin......In short, the more individuals who hold bitcoins, overtime an effect on the value itseld would be seen...similar to merchandise that are "limited in terms of edition". 10 bentley-continental cars........ prices at 10million GBP each, then after they add several more, let us say 100 more....the price would eventually drop.....that is why the value often goes down so that people would sell just before the decline in price reaches the price they spent when they purchased it....... for those who understand this, they would not sell because they know that the big-players would eventually make ways to further increase the value in order to "tempt" the holders with bigger value, to sell. Thus, the principle behind being a "limited edition" applies to the bitcoin as well.

But the amount of bitcoin was originally limited to 21 million, it is impossible to change more, decided that its price is only the demand and market liquidity only, so that Bitcoin can not be Limited Edition

why Bitcoin limited edition ?

        The most recent crashes in the value of BTC is related to the present age of its industry, in relation to the number of holders, and the increasing number of holders. The "big players" understand that, in order for the value to be maintained and have the dynamic feature of further increasing, the probable number of "possible/future" holders must be controlled and for the "small-players" at present, who usually do not have the capacity to purchase BTC (secondary as to how they acquire and how fast they acquire a coin) should be tainted with "a not so hasty pace". To further expound the gist of the argument's premise, the perfect example would be "limited edition merchandise" and how these items have high value, and the perfect case of point would be cars. Let us say for example that there are a total number of 5 limited edition Bentley-continental cars all over the world, and let us presume that there are 5 different individuals who owns these cars (because in some cases one person can own every-single one of these cars), thus the value on these items would be high. In relation with the latter, as an effect to the value of the car, if additional units were to be manufactured, the value of the 5 original "limited edition cars" would drop. These feature on value and scarcity of a product, often dictates (however minimal the influence is) the value of a merchandise, which is often the case in the stock markets. The good thing is, as the "big-players" find more ways to accumulate more coins and find more ways to make small-players sell coins, the value still has a future of further increasing, as it is in itself a way to balance and make sure that the value of the item has the probability of further increasing in the future. The crash on prices would make the less vigilant, sell, and thus decrease the total number of holders, followed by a sudden increase in value, if no one seems to be selling despite the low price, to attract the holders or "tempt" the holders to sell at a high price. Either way, whether the price is high or low, the probability of a sell is present, and the probability of decreasing the number of holders exist. Another outcome, I would like to give emphasis on, that can set the minds of small-players at ease, is that, they also need small-players, because the small-players also play a role in maintaining the value of the merchandise, the small players keep the item hot. To conclude, the price crash, is nothing more than a feature of the BTC to make sure that the value would have the probability of further increasing in the feature. So, it may be a case of being "limited in edition".