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Topic: Will the high demand in BTC cause more supply of BTC someday? - page 2. (Read 447 times)

hero member
Activity: 490
Merit: 501
Will the amount of bitcoins available forever remain 21 million BTCs?   Many people are joining the Bitcoin bandwagon as days go by.  Will there be a time when the 21 million BTCs won't be enough ? Any suggestions ?

You are thinking about it wrong. there are 21 million whole bitcoins but also there is 8 decimals after the 1 whole bitcoin. which means there are 2,100,000,000,000,000 satoshi available and if you think about it, that amount is more than enough for the number of people who might be interested in bitcoin and want to use it. it will never be every single person on earth so it is enough. and with the value of bitcoin rising with more adoption, 1 satoshi will have a meaningful value. currently at $0.00014

The time is coming when people would be using the term satoshi for Bitcoin when its price has already reached by the millions. The number of possible Bitcoin is already fixed at 21 Million and with the way it is set-up it is 100% impossible to add more to that figure which can be the big reason why due to the increasing demand for the coin its price is really skyrocketing to the moon (or is it the stars?). Maybe OP is concerned that a time is coming when there can be a big shortage of Bitcoin, that exchanges would be drying up of Bitcoin to sell to possible buyers. Well, that scenario may not be happening at all due to the open dynamics of the market. There would always be sellers and buyers.
member
Activity: 112
Merit: 10
Young, Dumb & Broke
No, high demand won't increase the supply of Bitcoin because like Gold, Bitcoin has a limited supply. High demand will only increase the monetary value of bitcoin and since bitcoin is subject to deflation as it is being widely used, it encourages hoarding and holding, much like what the most of bitcoin holders are doing.
full member
Activity: 140
Merit: 100
Will the amount of bitcoins available forever remain 21 million BTCs?   Many people are joining the Bitcoin bandwagon as days go by.  Will there be a time when the 21 million BTCs won't be enough ? Any suggestions ?

By the time the last bitcoin is produced, so many forks will appear, that most people will stop understand what bitcoin is.

21 million BTCs X N will be enough

What is the relation of forked coins to his question? Forked coins is not bitcoin and will never be. Bitcoin's supply is fixed to 21M and no one can add even a single piece of it to the blockchain. Thatis the big advantage of bitcoin to the fiat currency and even trading stocks because once the demand goes high it's price will go up with it.
full member
Activity: 445
Merit: 111
Will the amount of bitcoins available forever remain 21 million BTCs?   Many people are joining the Bitcoin bandwagon as days go by.  Will there be a time when the 21 million BTCs won't be enough ? Any suggestions ?

By the time the last bitcoin is produced, so many forks will appear, that most people will stop understand what bitcoin is.

21 million BTCs X N will be enough
legendary
Activity: 3472
Merit: 10611
Will the amount of bitcoins available forever remain 21 million BTCs?   Many people are joining the Bitcoin bandwagon as days go by.  Will there be a time when the 21 million BTCs won't be enough ? Any suggestions ?

you are thinking about it wrong. there are 21 million whole bitcoins but also there is 8 decimals after the 1 whole bitcoin. which means there are 2,100,000,000,000,000 satoshi available and if you think about it, that amount is more than enough for the number of people who might be interested in bitcoin and want to use it. it will never be every single person on earth so it is enough.

and with the value of bitcoin rising with more adoption, 1 satoshi will have a meaningful value. currently at $0.00014
full member
Activity: 202
Merit: 100
Will the amount of bitcoins available forever remain 21 million BTCs?   Many people are joining the Bitcoin bandwagon as days go by.  Will there be a time when the 21 million BTCs won't be enough ? Any suggestions ?

Bitcoins are fixed and can not be added. If demand grows, nothing will happen no matter what happens beyond the high bitcoin value. People can still own small quantities.
member
Activity: 322
Merit: 12
Will the amount of bitcoins available forever remain 21 million BTCs?   Many people are joining the Bitcoin bandwagon as days go by.  Will there be a time when the 21 million BTCs won't be enough ? Any suggestions ?
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