What Causes Demand For Bitcoin | Bitcointalksearch.org

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In the past I remember reading about a finite supply of 21 million bitcoins, in this case what does it mean in practice please, does it mean that the network would be distributing 21 million bitcoin annually?

Like the word finite literally mean, e Dey try tel you say, Bitcoin get a standard supply and that na the BTC21m way them Dey talk about. E no get anything to do with annual distribution. Bitcoin isn’t distributed by any network or protocol. Na through mining people Dey take get Bitcoin and just like that, others go buy and it continues circulation.

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Is it hard to obtain bitcoin?

Bitcoin no Dey run you o, if you get your money, you just buy the volume way you want and relax. Na so e just be. You go Dey mindful where you Dey buy from and where you Dey put am shah, make you no go carry your money give scammer way no go give you nothing and make sure say, you Dey put your Bitcoin for wallet, none custodian wallet if you succeed buy am. That na wallet way get private key or seed phrase.

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Also what causes Demand for Bitcoin?

What Dey cause demand na when people feel say, Bitcoin wan rise and increased publicity on Bitcoin. E Dey be like entry signals and na so e go attract people to come invest.

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Quote from: ? on Today at 06:06:04 PM

. In the past I remember reading about a finite supply of 21 million bitcoins, in this case what does it mean in practice please, does it mean that the network would be distributing 21 million bitcoin annually?
Is it hard to obtain bitcoin?
Also what causes Demand for Bitcoin?

In an easy way for you to understand, it means that the 21 million bitcoins is the total number of bitcoin that's going to be in existence. And when investors eventually buys them all (after miners must have finished with their job); bitcoin is going to be a scarce asset with unimaginable value that's why we're all encouraged to buy and hodl any amount of bitcoin you can afford to buy against the future. Because some of us now may not be capable of affording it when the 21 million bitcoin must have been mined.

And NO, the network doesn't distribute any bitcoin to anyone but it's done through a process called bitcoin mining through which miners are rewarded for each block of bitcoin mined. If you love reading then take a look at this work: LEARN ME A BITCOIN: https://learnmeabitcoin.com/

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What causes Demand for Bitcoin

Hello everyone, i must ask as a newbie because I want to learn,I'm interested in getting some more helpful knowledge on these.
I understood that bitcoin is the first digital currency which is not controlled by any institution and also, that each individual connected on a peer to peer (P2P) bitcoin network acts as a verification body for transactions through cryptographic means. In the past I remember reading about a finite supply of 21 million bitcoins, in this case what does it mean in practice please, does it mean that the network would be distributing 21 million bitcoin annually?
Is it hard to obtain bitcoin?
Also what causes Demand for Bitcoin?

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