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[SCAMEXPOSER]

According to Nairametrics , the 21 million bitcoin which is total amount of bitcoin available for mining, already 18.5 plus Bitcoin has been mined already and in circulation.
2.43 million bitcoin which about 11% is now the only amount of bitcoin available to mined.
In the next four years another Halving is coming, I feel bitcoin is going to be higher in value soonest.

 

[Sudipta]

So, I am concluding that the mining difficulties being experienced is due to the fact that there are less and less bitcoins to be mined, right?

Yeah I agree with your concept. I heard some days ago that the miners are gaining less profit these day as the price is fluctuating a lot. I think this fluctuations are only benefiting traders and some short time investors.

 

[Sudipta]

Yeah man , they will be definitely like - We are the king , Famous personalities like Elon Musk are holding so many bitcoins , just think about them 10 years later!

Yeah I love when celebrities invest on cryptocurrencies specially bitcoin. Bitcoin has much potential to become the largest investment method in future. And I think the price may reach very high like 1 million per coin. That would be pretty insane.

 

[SCAMEXPOSER]

Yeah it will , bitcoin tweeted a post 2 weeks ago when the price was rising that - " One day the price bitcoin will be 100K dollars , just wait for it " and this line really hit me hard.

"Bitcoin tweeted" I don't understand it , may you wanted to say a Crypto analyst tweeted that bitcoin could hit $100,000 this year , which might be possible if Investors pull in money.

 

[Sudipta]

Yeah it will , bitcoin tweeted a post 2 weeks ago when the price was rising that - " One day the price bitcoin will be 100K dollars , just wait for it " and this line really hit me hard.

That's a pretty impressive tweet from bitcoin. I think bitcoin has their target fixed of 100k for this year. This tweet indirectly tried to inform this to the whales.

 

[Sudipta]

"Bitcoin tweeted" I don't understand it , may you wanted to say a Crypto analyst tweeted that bitcoin could hit $100,000 this year , which might be possible if Investors pull in money.

Ok I got confused, the tweet you said now is totally different from what he said, I thought bitcoin community has a tweet profile.

 

[SCAMEXPOSER]

That's a pretty impressive tweet from bitcoin. I think bitcoin has their target fixed of 100k for this year. This tweet indirectly tried to inform this to the whales.

I will be glad if bitcoin can hit $100k this year not to hit the. Target but for Investors to invest heavily so it wouldn't look as a bubble that could burst easily.

 

[Sudipta]

I will be glad if bitcoin can hit $100k this year not to hit the. Target but for Investors to invest heavily so it wouldn't look as a bubble that could burst easily.

Yeah that's right, if investors invest in hype, there is plenty possibility that they will seek off their investment when they will see some fall. I think bitcoin is currently getting ready to rush with real investors.

 

[Xrin Nightfall]

Yes, the halving is going to happen in next four years, but is there only a certain amount of bitcoin which is going to finish by mining? I think that mining number of bitcoin is unlimited.

Many newcomers to the cryptocurrency market don't understand why Bitcoin creator Satoshi Nakamoto set a limit of 21 million coins. Bitcoin's developer, like the creators of many other digital assets, based the currency on the idea of a limited supply. As a result, Satoshi has effectively capped the total supply of Bitcoins.

The fact that there can never be more than 21 million Bitcoins in circulation is a huge boon to Bitcoin's value. The more limited the availability of a resource, the higher its market value.

 

[GoldenLady]

Many newcomers to the cryptocurrency market don't understand why Bitcoin creator Satoshi Nakamoto set a limit of 21 million coins. Bitcoin's developer, like the creators of many other digital assets, based the currency on the idea of a limited supply. As a result, Satoshi has effectively capped the total supply of Bitcoins.

The fact that there can never be more than 21 million Bitcoins in circulation is a huge boon to Bitcoin's value. The more limited the availability of a resource, the higher its market value.

Indeed, capping the supply of Bitcoin was one of the things that has really helped it's growth. The scarcity makes it akin to holding an exotic piece of art.
It also helps that some of it will be lost overtime and never recovered, like the 1.1 million Bitcoin is Satoshis address. If that's never moved, it means only 20 million Bitcoin would be available.

 

[btcmaker]

Many newcomers to the cryptocurrency market don't understand why Bitcoin creator Satoshi Nakamoto set a limit of 21 million coins. Bitcoin's developer, like the creators of many other digital assets, based the currency on the idea of a limited supply. As a result, Satoshi has effectively capped the total supply of Bitcoins.

The fact that there can never be more than 21 million Bitcoins in circulation is a huge boon to Bitcoin's value. The more limited the availability of a resource, the higher its market value.

yes its true many newcomers to the cryptocurrency market dont understand and they are investing in hyip sites also while they dont know many scammer are there to scam.

 

[Ben Kempton]

Many newcomers to the cryptocurrency market don't understand why Bitcoin creator Satoshi Nakamoto set a limit of 21 million coins. Bitcoin's developer, like the creators of many other digital assets, based the currency on the idea of a limited supply. As a result, Satoshi has effectively capped the total supply of Bitcoins.

The fact that there can never be more than 21 million Bitcoins in circulation is a huge boon to Bitcoin's value. The more limited the availability of a resource, the higher its market value.

I think that there are many reasons why it may take a long time to mine Bitcoins. The fact of the matter is that in the past Bitcoin mining difficulty was not so high and this means more bitcoin could have been mined in a short period of time. But since the mining difficulty of bitcoin has increased so much, it is quite harder to mine bitcoin now.