BTC supply crisis will appear soon

[trendcoin]

Thank you for your great content. I have similar ideas. Also, miners' rewards will decrease after the halving. They are also a significant sales pressure. Also, I think the $150k you've set with the trend on the chart is a very reasonable and logical target. I think it's a topic that knows what it's doing. I also agree with you on the timing. I hope 2024 will be a new ATH year.

[Freemind]

This supposed "crisis" is a double-edged sword. We will see those who try to jump on the bandwagon when the price skyrockets and they will pay dearly for each Bitcoin they want to buy. On the other hand, we will see those who have held their Bitcoins for years seeing their funds increase while hesitating whether or not to sell while waiting for higher prices. It will be the same as in the cycles to which we are accustomed, but on a much larger scale, so the supposed “crisis”, if it exists, will not be bad.

I also believe that (as it could not be otherwise) at that time, we will see other smear campaigns towards Bitcoin and cryptocurrencies in general, with the intention of sowing panic to lower the price and be able to buy, something that unfortunately we have also seen too many times.

[Stompix]

When the circulation of Bitcoin has reached its limit, the price will not make sense because it will definitely be very expensive,

Why?
Do you know that the whole gold coin usage is mostly a blown out of proportion thing and gold coins weren't actually that used during both ancient and medieval times? Their value was so large that msot of the time silver was used and it wasn't uncommon to split even silver coins in two or four pieces, they were even manufacturing those:
https://en.wikipedia.org/wiki/Farthing_(English_coin)

so you have to be able to use it well until you can't get Bitcoin from miners anymore because one day if that happens, it will make you very rich.

Makes no sense. It would be just like if the CB would top printing money you wouldn't be able to use dollars, I have a feeling you're mistaken bitcoin mining for oil fracking.

Why would this happen only around 2140 if we know that in less than 10 years we will have around 99% of all BTC mined and that only 1% will remain for the next 100 years? If the demand is constant and increases even more, we can assume that some kind of crisis of this type will happen, maybe even before the end of this decade.

I don't understand why is everyone that much focused on a time out of our lifespan or even short term when we will have just 112BTC mined a day instead of 900BTC and not on the amount that might hit the markets if the value doubles. I mean who cares at let's go overboard with it, 1 million per coin after halving , about 450 million daily printed money when there would be 20 trillions!!!! that might be sold so that finally some can buy their lambos or have sex for the first time with an escort that is not an STD encyclopedia! 

[pawel7777]

(...)
I wonder why this is starting to become something of a myth and who did start this decreasing supply thing in the first place!

I think you equate supply with the number of bitcoins in existence, but that's not necessarily how other people define that term.
Some may understand it as a number of new bitcoins supplied by the miners, others as a number of bitcoins available for sale. For the latter, assuming a lot of buyers would buy as a long-term holding with no intention to re-sell immediately (so taking bitcoins off the market), then the number of bitcoins available for sale could indeed decrease after the halving.

Or maybe it's just a flaw in perception, similar to how people think the drop in inflation rate will make prices of goods go down.

[Captain Corporate]

I don't think that liquidity is that low, specially not during bull runs neither, so it should not be all that much important if we end up with less mined, because there are a lot that is traded. If yo usee billions traded in the crypto space every day, then maybe not worry about the supply crisis just yet. I get that the price will go up and will be more valuable, but that's just investment, considering people ar ebuying and holding gold as well, its never been a crisis, its just price increase, how the market works. I a mglad that we will have less supply compared to more demand, that will only result with higher price and no problems.

[EthereumDev_]

Thank you for your great content. I have similar ideas. Also, miners' rewards will decrease after the halving. They are also a significant sales pressure. Also, I think the $150k you've set with the trend on the chart is a very reasonable and logical target. I think it's a topic that knows what it's doing. I also agree with you on the timing. I hope 2024 will be a new ATH year.

Back to the topic when the Bitcoin supply is increasingly limited and increasingly difficult to obtain because I believe miners will find it difficult to obtain Bitcoin and because the power they need will be higher and of course it will increase miner costs. In cases like this, the more difficult it will be for an item to be priced, it will get more expensive, and Bitcoin should be like that. Only time will tell when that happens. For whales, $150k is a small number because when Bitcoin can no longer be produced by miners, it will make the price of Bitcoin infinite.

[Gurujebs]

Thank you for your great content. I have similar ideas. Also, miners' rewards will decrease after the halving. They are also a significant sales pressure. Also, I think the $150k you've set with the trend on the chart is a very reasonable and logical target. I think it's a topic that knows what it's doing. I also agree with you on the timing. I hope 2024 will be a new ATH year.

How do you comfortably call $150k to be reach. Don't act like people don't understand what they are doing in t h e market, if Bitcoin price should go to a 150k today, many will move their bitcoin to the market and take their profit. You see that silent that everyone is doing and acting like they will not sell right now? Wait for any bad news to come, it will take them less than some seconds to sell their bags and then join the crowd to dumb bitcoin to lower price and buy again.


In my mind, I want that to happen but the market don't care about what you think, it will do what everyone want and we know even some miners will soon dump their bags and act surprised that they don't know what's happening.

[Stompix]

Back to the topic when the Bitcoin supply is increasingly limited and increasingly difficult to obtain because I believe miners will find it difficult to obtain Bitcoin and because the power they need will be higher and of course it will increase miner costs.

That's not how things work, miners don't need higher power or anything else, miners work on a simple relation:
revenue per terahash/s , cost for running a terahash/s
The revenue will be cut in half , but you're forgetting the price increase.

So if I was getting 0.00000160 BTC per day at 30k that's 0.0480 cents and paying 0.04 cents power
with btc after halving but at 100k
I'm getting 0.00000080 BTC at 100k, that's  0.08 cents and paying still paying 0.04 power.

See how sudenly from making 0.008 I'm making 0.04 in profit so 5 times more?

For whales, $150k is a small number because when Bitcoin can no longer be produced by miners, it will make the price of Bitcoin infinite.

That will not happen for 100 years and  above I've just showed you how "infinite" is impossible! 

[TopT3ns]

I don't think that liquidity is that low, specially not during bull runs neither, so it should not be all that much important if we end up with less mined, because there are a lot that is traded. If yo usee billions traded in the crypto space every day, then maybe not worry about the supply crisis just yet. I get that the price will go up and will be more valuable, but that's just investment, considering people ar ebuying and holding gold as well, its never been a crisis, its just price increase, how the market works. I a mglad that we will have less supply compared to more demand, that will only result with higher price and no problems.

Those who have a lot of money will find it easy to buy as much Bitcoin as they can, but when the price is too high and the supply they have runs out, investors will reconsider buying and prefer to hold the Bitcoin assets they own and may enter altcoins. and try to grow assets by trading altcoins because the price is still affordable.

[Stompix]

(...)
I wonder why this is starting to become something of a myth and who did start this decreasing supply thing in the first place!

I think you equate supply with the number of bitcoins in existence, but that's not necessarily how other people define that term.

People can choose to define how they want it doesn't change the actual definition:
https://dictionary.cambridge.org/dictionary/english/supply

a stock or amount of something supplied or available for use

Some may understand it as a number of new bitcoins supplied by the miners, others as a number of bitcoins available for sale. For the latter, assuming a lot of buyers would buy as a long-term holding with no intention to re-sell immediately (so taking bitcoins off the market), then the number of bitcoins available for sale could indeed decrease after the halving.

Assuming we would have another China episode, the hashrate goes down to 50% and we have half of the usual mined blocks, will he supply go down? Assuming miners choose not to sell their coins, does the supply go down to zero? 
The supply is the total number of coins available, the 900 soon to be 450 is the daily increase, the total supply will not go down for years unless we assume somebody will make a mistake of sending more than 500 coins a day to wrong addresses or losing seed phrases worth that much.

Or maybe it's just a flaw in perception, similar to how people think the drop in inflation rate will make prices of goods go down.

Not maybe, exactly! 

[doc]

Those who have a lot of money will find it easy to buy as much Bitcoin as they can, but when the price is too high and the supply they have runs out, investors will reconsider buying and prefer to hold the Bitcoin assets they own and may enter altcoins. and try to grow assets by trading altcoins because the price is still affordable.

you are right, if supply has run out, investors will switch to altcoins.  But we have to think, when the supply of bitcoin experiences a crisis while demand is high, the price of bitcoin will rise high and so will altcoins.  We have to be careful when buying coins, because we will be trapped in high prices if suddenly the crypto dumps.

[elbans89]

I don't think that liquidity is that low, specially not during bull runs neither, so it should not be all that much important if we end up with less mined, because there are a lot that is traded. If yo usee billions traded in the crypto space every day, then maybe not worry about the supply crisis just yet. I get that the price will go up and will be more valuable, but that's just investment, considering people ar ebuying and holding gold as well, its never been a crisis, its just price increase, how the market works. I a mglad that we will have less supply compared to more demand, that will only result with higher price and no problems.

Those who have a lot of money will find it easy to buy as much Bitcoin as they can, but when the price is too high and the supply they have runs out, investors will reconsider buying and prefer to hold the Bitcoin assets they own and may enter altcoins. and try to grow assets by trading altcoins because the price is still affordable.

If the price of bitcoin is too high and demand is low, investors will definitely turn to potential altcoins, Altcoins are alternative coins so this is an alternative choice if the price of bitcoin is too high and limits are limited and investors are afraid when the price of bitcoin falls

[tranthidung]

We are witnessing a BTC Supply Crisis on exchange that is partially shown by Bitcoin Exchange Balance Drop since Day 1 of Bitcoin Spot ETF trading.

The rate of balance drop is quite significant and it's very less chance that people spent money to invest in shares of those Bitcoin Spot ETFs will take profit before the halving or shortly after the halving that is estimated to happen in April (next 58 days). [1]

Charts are from Coinglass https://www.coinglass.com/Balance

[1] https://www.bitcoinblockhalf.com/

[Stompix]

We are witnessing a BTC Supply Crisis on exchange

No we're not!
If we had a supply crisis we would have people paying 75k per Bitcoin and still not be able to get their coins!

What we have now is less coins available on exchnges but at the same time a low demand compared to that, which keeps the price stable.
You can't have a supply crisis with the price going down, that's not how it works, you could have one barrel of oil produced in all the world , if the price is now 10% lower than yesterday it doesn't mean it's a supply crisis, it means that despite producing 1/100million before there is still too much available for sale!

If the price of bitcoin is too high and demand is low, investors will definitely turn to potential altcoins, Altcoins are alternative coins so this is an alternative choice if the price of bitcoin is too high and limits are limited and investors are afraid when the price of bitcoin falls

So you're telling me people don't buy Nvidia shares because they are at $800 and instead go for Equinor cause those are just $25?
The altcoins market never moves without Bitcoin and it will never do so!

[debra]

Crisis? What crisis? I understand what the OP says but for us this is a great opportunity. There is going to be a reduction in supply and demand is going to go up.

We all know that OP refers to the Bitcoin halving. When Bitcoin halving happens, the circulating supply will be decreasing a lot while the demand is high. In this moment, Bitcoin will increase the price significantly, many people may sell their Bitcoin at that time. I also prepare to sell my Bitcoin if there is a pump during Bitcoin halving. I will buy again when there is a dump after the Bitcoin halving.