Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: chayskie04 on September 20, 2018, 03:03:09 PM
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The argument is again and again that the value of Bitcoin will increase because supply is limited to 21 million. But this is quite simply wrong. Every time Bitcoin is forked that is in real terms an expansion of the Bitcoin currency beyond 21 million. To some degree the same is true of alternative crypto currencies which will flood the market. There is already more than 1000 cryptocurrencues ( https://en.wikipedia.org/wiki/List_of_cryptocurrencies ).
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from where you have drawn such a conclusion, many argue that bitcoin has a certain number of coins, otherwise such a price increase, as it was last year, would simply not exist, it's all because it is limited
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I don't think that bitcoin doesn't have the limit of supply. It has been stated that the supply of bitcoin is only limited 21m. If the token is unlimited, I think that the price of the Bitcoin will not as high as now. From the link that you share, I also cannot find the information as you state above. Please clarify if I'm wrong.
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Bitcoin always has a limited supply of 21 million and you can not change that even with the endless fork. When Bitcoin is split in the real sense, the expansion of Bitcoin currency exceeds 21 million.
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It doesn't matter how many times you fork bitcoin because in a long run those fork will become useless and will have no value because bitcoin holder will still prefer holding Bitcoin legacy than Bitcoin forks.
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that's not true, the total supply of bitcoin is very limited, you should be able to use the best bitcoin supply to make a profit.
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The fork was made to introduce a coin that can probably divert the bitcoin market not increase the supply of bitcoin none in this place or even no one can increase the supply of bitcoin this thing makes bitcoin weak because as the demand continue growing the supply need to accomodate them all but since its limited the only way is to increase the value of bitcoin.
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False opinion can lead others into great devastation of earnings and investment. Investigate bitcoin supply can give the person glimpse of how limited the supply and cannot be expanded. The supply around 21k is enough to control the market flow due to its high value.
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Bitcoin has limited supply of 21 Million even coinmarketcap always shows 21 Million supply and its not been increased since I introduce to this crypto market. I don't believe bitcoin supply will increase in future and fork has nothing to do with total bitcoin supply.
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The argument is again and again that the value of Bitcoin will increase because supply is limited to 21 million. But this is quite simply wrong. Every time Bitcoin is forked that is in real terms an expansion of the Bitcoin currency beyond 21 million. To some degree the same is true of alternative crypto currencies which will flood the market. There is already more than 1000 cryptocurrencues ( https://en.wikipedia.org/wiki/List_of_cryptocurrencies ).
I do not think that this will lead to the death of bitcoin but it will probably reduce its rapid growth. Now we have not seen a significant increase in prices for a long time.
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That is totally not true, Bitcoin has a fixed supply that will never increase, the moment a hard fork currency born it becomes an independent coin and have nothing to do with the original Bitcoin, Hard fork coins is not an expansion it is just another version of the same coin that some people decided to create and it ends up useless in most cases, by the way, you, me, and anyone else can hard fork Bitcoin right now no one will stop us.
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Bitcoin has limited supply. The other ones are not Bitcoin. They are only copying Bitcoin's shape. There is no possibility take Bitcoin's place never! Maybe someday all of them will be gone.
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Bitcoin is just 21million in supply and i see no reason why the supply should suddenly increase due to a fork.. And I can say for sure that when a BTC halving happens the price will skyrockets again..
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A fork is not a supply increase.
It is a way of enhance some technical aspects or to speculate taking profits.
Bitcoin is fractionable so the possibility to use it even if the supply is total mined, is high!
Of course there are other cryptocurrencies!
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Investigating the supply of bitcoin can provide a glimpse of how limited inventory is and cannot be expanded. The supply of around 25k is enough to control the flow of the market because of its high value. Misunderstanding can bring others to the huge destruction of income and investment.
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Supply needs to accommodate all of them but because of the limited way is to increase the value of bitcoin. Even if it is made to introduce coins that might divert the bitcoin market to not increase the supply of bitcoin or even nobody can increase the supply of bitcoin this makes bitcoin weak because as demand continues to grow,
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The meaning of branching is Hradfork who allows different systems resulting from Coin Harfdfork.
Bitcoin has its own Explorer and it's definitely different from the system, if the hardfork coin also has a different explorer and it is certain that the supply of Bitcoin is real there are 21,000,000.