Will Bitcoin be infinite? - page 3. | Bitcointalksearch.org

rodskee

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Quote from: Tina H on July 08, 2021, 01:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

Wait , Wait !! Unlimited ? meaning there will be more than 21 million bitcoin after the whole will be mined?

Meaning satoshi will comes out and create more bitcoin so this will be unlimited ? then what would be the value then if happens? back to Penny per bitcoin?

No Not because some of Simpsons speculation comes reality meaning everything they say about bitcoin will come true.

Kong Hey Pakboy

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Quote from: Leviathan.007 on July 10, 2021, 01:59:08 PM

I'm not sure what exactly do you mean by 'infinite'. But, if you are talking about bitcoin existing, trading, and being profitable for infinite time, I can say nothing lasts forever. In, my own idea bitcoin will need many adoptions in the near future to stay famous for more years between investors and traders. So, if it's going be stay for hundreds of years it needs adoption. But if you mean having infinite supply I would say no bitcoin can not be infinite in this case and that limited supply one reason for the bitcoin popularity.

Of course nothing lasts forever but if we are talking about technically, bitcoin operating could might as well be infinite. If we can continuously subdivide bitcoin, I think that we can say that it's infinite right?

semobo

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Quote from: Tina H on July 08, 2021, 01:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

Bitcoin is limited which is 21 million, maybe it can be changed only if Satoshi wants it too but it has no chance to happen in my opinion since he was never active 9nce his purpose completed and he actually created it for the financial freedom not to make profits for himself. All these green concepts are just speculations from people who wants to manipulate the prices.

uneng

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The risk of bitcoin becoming infinite does exist, just like fiat. That is what I understood from the possibility of splitting the decimal houses beyond the 8 digits we currently. So it's a way to make the currency infinite not by literally increasing its amount, but by splitting it into several minor parts. Today 100,000,000 satoshis are equal to 1 bitcoin, but tomorrow it can be 1,000,000,000 satoshis equal to 1 bitcoin or even more satoshis could be needed. Some people might say it's not the same than increasing the supply amount, but it really looks like it is and I think it would affect bitcoin very negatively.

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Quote from: Tina H on July 08, 2021, 01:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

Well, to be honest, I don't know if that will happen because in the first place bitcoin has a fixed amount that currently circulating. Bitcoin protocol can not be changed because it was developed as a decentralized even though it is open-source code but no one can change the code. If there is, that is not a bitcoin because there are too many affected if that will change, like the miners. Bitcoin can not grow always and it is impossible to have unlimited stocks and you can not see always have a green color because it is volatile.

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Quote from: Leviathan.007 on July 10, 2021, 01:59:08 PM

I'm not sure what exactly do you mean by 'infinite'. But, if you are talking about bitcoin existing, trading, and being profitable for infinite time, I can say nothing lasts forever. In, my own idea bitcoin will need many adoptions in the near future to stay famous for more years between investors and traders. So, if it's going be stay for hundreds of years it needs adoption. But if you mean having infinite supply I would say no bitcoin can not be infinite in this case and that limited supply one reason for the bitcoin popularity.

Bitcoin may be a good asset these days but it won't last for a lifetime. Even being a currency bitcoin will never end up being infinite because of the fact that there are still a lot of digital currencies along the way that will gain more interest from the people and are even more user friendly when it comes to its utility case. So i don't think bitcoin will be forever.

For now, its best to enjoy what we have at the moment and seize every opportunity given by crypto. Bitcoin will definitely be replaced by another potential currency in the years to follow so enjoy it while it is getting more demand from its users and investors.

BIT-BENDER

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So much misunderstanding from what the poster made and still they couldn't edit the main post, I really wonder or don't understand the idea of making a post and not pay attention to the replies. Many people who hasn't even understand or started to fill in bitcoin into there real Life, like accept bitcoin for their services if they have any or just use more of bitcoin, are always more concerned about the future, how is there any future without the present? What ever bitcoin future would be is about what we do now,
El Salvador is one countries on the path to an exciting bitcoin future, so if the poster does his part and many others too, I think bitcoins future would be more safe to call it somewhere secured.

Leviathan.007

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I'm not sure what exactly do you mean by 'infinite'. But, if you are talking about bitcoin existing, trading, and being profitable for infinite time, I can say nothing lasts forever. In, my own idea bitcoin will need many adoptions in the near future to stay famous for more years between investors and traders. So, if it's going be stay for hundreds of years it needs adoption. But if you mean having infinite supply I would say no bitcoin can not be infinite in this case and that limited supply one reason for the bitcoin popularity.

sana54210

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Quote from: Ucy on July 09, 2021, 05:08:18 AM

If by that you mean what society and people can use Bitcoin for is infinite then I would agree to some extent as long as it is used for good alone. Afterall it's decentralized and has can be freely used by free people without limit unlike centralized systems.
One of the features that can be used for lots of things is the private keys. You could absolutely use it for lot of things including locking your door and other private properties and truely feel safe because nobody but you knows the keys to unlock them. I have never really like the centralized digital locks.

But if you mean the price going up continously without end, that will also depend on whether it can continue to be useful without end

I believe that the price will continue to go up forever until there is no more bitcoin. People are forgetting that innovation is very important in the world of humanity and I believe that there will be something much better than blockchain one day, it is not going to be today and right now but it is going to happen one day. That means that we are going to end up with something much better in the future but that could take maybe few decades and that means bitcoin will go up constantly during that time.

So, the price could continue to go up forever but it could also crash and be nearly nothing in the future when something much better comes up and that is not about bitcoin, bitcoin could continue to be whatever it is and it all depends on what happens with other stuff. If a new thing comes up then bitcoin goes down, if not then bitcoin keeps going up.

pinggoki

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Bitcoin will be infinite as time passes by and because of what we are seeing today that the market of bitcoin and cryptocurrency is continuously growing as time passes by. Seeing the market cap of bitcoin we can clearly say that it will be infinite in which it will really last forever. Many people are advertising and promoting bitcoin so because of that the marketing of bitcoin is growing huge.

imstillthebest

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this is just a show and not all events happen to this show can happen in real life but we shall give thanks to the director of this show if they feature bitcoin because that is a form of advertising .
bitcoin is not infinite but it has a limitation .
its value can go down and investors can lose but it can recover and yes green means the price has risen and red is the color when theres a decrease

Hypnosis00

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Quote from: Tina H on July 08, 2021, 01:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

Infinity is different from unlimited and it can never be possible that Bitcoin becomes unlimited.
But in the case of infinity, can't really be sure about that. Nevertheless, it was speculated that Bitcoin will stay in the market for many years to come and I was happy enough. But then, we can't easily make presumptions and confidence that the price of Bitcoin will also move higher and too expensive because if that will happen, I can imagine how risky it was to be.

If ever the price of Bitcoin will reach $1mil, maybe I can't afford to buy them.

Mistafreeze

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Well I don't really understand your context by the words "Bitcoin being infinite" probably in the nearest future. Are you bringing it in terms of volatility, distribution or it's uses being numerous? Looking at Bitcoin and it's continuous adoption as a means of payment system for transaction, is increasingly expanding the uses and worth of Bitcoin and the market value.

Bitcoin is becoming unlimited with time, the way investors and hedge firms are patronizing it activities consecutively is expanding Bitcoin potentials making it stronger and firm to overcome any circumstances it might face in the nearest future. The more individual countries continually adopting Bitcoin, the more it will become infinite in nature increasing it resistance toward government policies which might stand to affects it existance.

As time goes on, there would be to consensus in agitating about how Bitcoin becomes inevitably infinite towards obstacles that could have jeopardize the expansion and limit the acceptance of Bitcoin by the society as a medium of transactions and payment system.

Rasa nanas

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I'm trying to understand your question, maybe your question is related to the future price of bitcoin. Bitcoin price in the future can be said to be infinite because the longer the bitcoin price increases. no one knows the price of the most expensive bitcoin in the future.

BETTYUI

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The number of Bitcoins is limited, with a total of 21 million.
The value of Bitcoin is unlimited. Bitcoin is scarce, and people's consensus on Bitcoin continues to increase, and they are also accepting and approving Bitcoin. As a result, the demand for Bitcoin will increase and its value will rise.

suzanne5223

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First of all, the story show in the Simpson cartoon film cant be use to speculate the possible things that will happen in Bitcoin market but about the price of Bitcoin market to be infinity or unlimited in the future, it is possible due to the Bitcoin potentials, limited supply of Bitcoin, block halving and most investors use Bitcoin as an asset more than currency.

SFMHodler

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Well if more coins get lost and no new coins get added, we might break down into smaller and smaller fragments...

fiulpro

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Quote from: Tina H on July 08, 2021, 01:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

Hello
So you are one of those who believe that Simpsons can predict the future. Well for the time being I do not think that they can but on the matter of Bitcoins being ♾️ I do believe in that a bit. Since we have limited number of Bitcoins even if we follow the demand and supply simplistic version we would be able to see that in the coming time with more development and with more people accepting cryptocurrencies, we will see the graph go straight up. Which is already something that most people know therefore there is the existence of #HODL. Just using the common logic I do believe that bitcoins will go way higher than anything, some people might call it infinity who knows?

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Quote from: RapTarX on July 09, 2021, 12:24:40 PM

Quote from: Tina H on July 08, 2021, 10:56:13 PM

Yes, I am not referring to the total supply, because this is known and the maximum supply cap is set. I want to know its value, can it be infinite, thanks for the reply to make me understand now.

As long as cryptocurrency is not the only currency existing, the price of bitcoin is infinite (in your terms). In the near future, fiat money will got hugely devalued because govt has printed a lot of moneys in the pandemic. In such case, I won't be surprised to see 1 BTC value more than a million.
But when there will be no fiat and cryptocurrency is the only monetary system, there won't be huge value increase although people still will pick BTC as store of value.

The possibility of 1 bitcoin can be worth 1 million or more of course will always exist,
maybe what you say is right that the price of bitcoin has no limit,
if you look at the beginning of the bitcoin price, we all didn't think the bitcoin price could soar this far

RapTarX

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Quote from: Tina H on July 08, 2021, 10:56:13 PM

Yes, I am not referring to the total supply, because this is known and the maximum supply cap is set. I want to know its value, can it be infinite, thanks for the reply to make me understand now.

As long as cryptocurrency is not the only currency existing, the price of bitcoin is infinite (in your terms). In the near future, fiat money will got hugely devalued because govt has printed a lot of moneys in the pandemic. In such case, I won't be surprised to see 1 BTC value more than a million.
But when there will be no fiat and cryptocurrency is the only monetary system, there won't be huge value increase although people still will pick BTC as store of value.

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