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❓ASK Why only 21million bitcoins?

Razor1911

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Bitcoin mining has become talk of the town. The value at which bitcoin is expanding day by day, making people go crazy. People now more eager to have bite of this cake. And mining helps them achieve it. Mining is the process where you get bitcoin commission for confirming transactions.


Also, there is a fixed supply of 21 million bitcoin in the market. Out of which around 18.5 million is in circulation. Now, I have a doubt why only 21 million bitcoinw. If the miners, keeps on mining then all bitcoins will be mined. So, why only 21 million? The developer could have or increased the no. Of coins to 50 million. Is it possible today now to increase the total supply of bitcoin?
 
No obsolutely not! The number of provided when supplying will stay exactly the same as when it came first!! The founder or whatever it called a person named as nakamato is completely unknown, no body knows him there are some assumptions simply, not bitcoin and any other is not allowed to make such a thing happening
 
While the amount of mineable bitcoin depreciates, the rewards from mining also does too, because of the competition involved in mining it.
 
Nope, what do you think happens when they try to increase it? People will lose the trust to bitcoin and it will stray away from its original code. Which is to be not like fiat.. if it increases the price would decrease because they can always increase the supply.. look at what happened with luna. It's best to have crypto blackholed
 
If you set the max supply to infinite, then it will be hard for btc to gain traction in value. It's just a simple economic really. The more rare an item is, the more valuable it will become. Items with infinite supply usually have very low value, because it's abundant.
 
Now, it is not possible to increase the current maximum supply of bitcoin. They could create like a bitcoin 2.0 with a new supply but that wouldn't be the same thing. I think it's good that bitcoin has such a limited supply because that's exactly what makes it so valuable at the moment. Imagine if bitcoin had like 1 trillion coin supply,the price would be only a couple hundred dollars now
 
Is it possible today now to increase the total supply of bitcoin?
No, it's impossible to do that and this is not a bug, but the main feature of Bitcoin 😎
And the absolute size of initial total supply doesn't matter, the main thing is the percentage of total mined volume at the moment.
 
i Don't think it can be adjusted , because when Bitcoin. was created that was the intial limited amount of Bitcoin that could be mined and i guess this intiative was intiated to make Bitcoin deflationary ,atleast it would not be like some coins with unlimited supply that could be mined and others ,this is still the reason some are placing interest on Bitcoin. still
 
The reason why Bitcoin is just limited to 21 Bitcoins is so that its value can increase each time. With such scarcity, the are more people who will be willing to buy it at high prices hence the value will keep increasing. I also wish the limit could be raised higher, though I don't know if it is still possible to change the limit right now.
 
The reason why Bitcoin is just limited to 21 Bitcoins is so that its value can increase each time. With such scarcity, the are more people who will be willing to buy it at high prices hence the value will keep increasing. I also wish the limit could be raised higher, though I don't know if it is still possible to change the limit right now.
yes the scarcity to me is actually what is making so many place interest in crypto currency , they believe since it's scarce it would get people to acquire faster and better , but I Don't think the limit can be raised higher ,it have been fixed ,that's why in every halving period there is price increase
 
It is good that there is a fixed number of bitcoin to be mined. This will ensure the future of the coin. Because if bitcoin is to be unlimited, then it will no longer be seen as a currency because most people like the miners will see it as a crop that they can plan and harvest any time and this will devalued the coin in the future.
But as there is limit and when the limit is reached, the price of the coin will be stable.
 
The limited supply also makes BTC a scarce asset which could drive up its price in the future. There are only 21 million bitcoins in existence, and to ensure a steady flow of liquidity, the coins will be mined at a fixed rate. New bitcoins only enter circulation when a new block is mined.
yeah the limited supply is really making Bitcoin a scarce asset , but it's good , because if it's scarce people would be so interested to buy more and accumulate more amount of Bitcoin , the scarcity have its advantage and demerit , I think the next halving would be good for Bitcoin
 
yeah the limited supply is really making Bitcoin a scarce asset , but it's good , because if it's scarce people would be so interested to buy more and accumulate more amount of Bitcoin , the scarcity have its advantage and demerit , I think the next halving would be good for Bitcoin

The fact that Bitcoin are limited is the main reason why Bitcoin gained so much value just like gold or silver. The supply of gold and silver is also pretty much limited because we cannot produce unlimited gold or silver from the Earth's surface. Despite bitcoin's limited availability, the market is down due to several factors that had a huge bad effect on the cryptocurrency market.
 
The fact that Bitcoin are limited is the main reason why Bitcoin gained so much value just like gold or silver. The supply of gold and silver is also pretty much limited because we cannot produce unlimited gold or silver from the Earth's surface. Despite bitcoin's limited availability, the market is down due to several factors that had a huge bad effect on the cryptocurrency market.
I am sure it would rise during halving period , because that would sense a warning that Bitcoin is getting closer to becoming scarce ,and those interested should buy and hold now ,so they won't miss out in having more amount if Bitcoin in their own wallet ,that's the thing there I think tho
 
I am sure it would rise during halving period , because that would sense a warning that Bitcoin is getting closer to becoming scarce ,and those interested should buy and hold now ,so they won't miss out in having more amount if Bitcoin in their own wallet ,that's the thing there I think tho

According to the principles of Economics, the price rises of a product when the demand rises. We can see that right now the demand of Bitcoin might be not so high due to harsh market conditions. We might need to see and analyse how halving would affect the prices of bitcoin in the future. It might not be possible to make an accurate prediction as of now.
 
According to the principles of Economics, the price rises of a product when the demand rises. We can see that right now the demand of Bitcoin might be not so high due to harsh market conditions. We might need to see and analyse how halving would affect the prices of bitcoin in the future. It might not be possible to make an accurate prediction as of now.
well truly things are unpredictable at this moment ,all we hope is to see future increase in the price ,the market might not be boosting so high , but I believe in the future we would see great increase that would be able to fetch investors more profit , let's all hope and see how things would play out
 
well truly things are unpredictable at this moment ,all we hope is to see future increase in the price ,the market might not be boosting so high , but I believe in the future we would see great increase that would be able to fetch investors more profit , let's all hope and see how things would play out

Almost all of my trading strategies are dependent upon market stability. Since the market has been inconsistent, the predictions of many cryptocurrency analysts have gone wrong in the past few weeks. This is why I have avoided investing money as a whole right now. The chances are that you will lose money because the Technical Analysis of the market flow suggests that market has been going down, which increases the possibility of losses.
 
Almost all of my trading strategies are dependent upon market stability. Since the market has been inconsistent, the predictions of many cryptocurrency analysts have gone wrong in the past few weeks. This is why I have avoided investing money as a whole right now. The chances are that you will lose money because the Technical Analysis of the market flow suggests that market has been going down, which increases the possibility of losses.
I guess there is actually a part of futures trading where you short and you are going to earn money, most people actually do this ,like they short cryptocurrency to earn better money and when the price is falling it's their benefit ,most people take advantage of the falling price market to make more gains
 
I guess there is actually a part of futures trading where you short and you are going to earn money, most people actually do this ,like they short cryptocurrency to earn better money and when the price is falling it's their benefit ,most people take advantage of the falling price market to make more gains

I am aware of such kind of trading strategies as well. However, I do not trade in future trades. Having said that, I do not think that even future trades are risk-free. There have been many cases of people losing money when they utilized the future trading strategy and they suffered from losses when the price surged. I am still waiting for the market to come out of the red zone.
 

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