Availability of bitcoin

[warrior.crypto22]

The number of bitcoins is only 21 million, will that be enough in the future? Given the vision of Bitcoin to become a currency used throughout the world?

[tsakf]

The number of bitcoins is only 21 million, will that be enough in the future? Given the vision of Bitcoin to become a currency used throughout the world?

This is solved by the fractions of Bitcoin. During 2011 and 2012, the price of Bitcoin was around a dollar, mt wallet was set to BTC to do transactions. When it reached around a thousand dollars, I set it to mBTC (BTC/1000). Bitcoin's lowest denomination is Satoshi =  0.00000001BTC. When Bitcoin gets widely used, we will have a small fraction of it to do transactions.

[gurunanakji777]

I believe it would be enough. Its not necessary that everyone should hold 1 btc. Even fraction of btc satoshi would be enough.

[warrior.crypto22]

I believe it would be enough. Its not necessary that everyone should hold 1 btc. Even fraction of btc satoshi would be enough.

Then does the existence of bitcoin affect the price of bitcoin?

[damsix]

With supply like that it is also very difficult to mine Bitcoin, especially if there is a lot of supply from Bitcoin.
In my opinion it might last a long time and I think it's enough for Bitcoin throughout this world.

[ardhanimaul]

The number of Bitcoins that are only 21 million will not meet the demands of so many people, but the number of Bitcoin is only 21 million, will make the price of Bitcoin very high, depending on the demand of the world community.

[tsakf]

The number of Bitcoins that are only 21 million will not meet the demands of so many people, but the number of Bitcoin is only 21 million, will make the price of Bitcoin very high, depending on the demand of the world community.

Bitcoin is not the only crytocurrency available. If it is difficult to use it people will switch to something else. This is a common error we do when thinking about Bitcoin, because we think that it will be the only means for transaction. It is not this way. I use Litecoin and Dogecoin too. So Bitcoin, with a high price will be suitable for large transactions like, selling a house or buying a car. Other coins will be used for everyday transactions.

[rudox]

That is what makes bitcoin thick. It will remain the same volume and out of this 21million, it is only about 16 million that is in circulation. Increasing the volume will hamper the bitcoin.

[Bobcrypto]

Yes, you have said correctly, that total of 21 million will make Bitcoin hit the moon in the shortest time. This is one of the forces that is driving the coin to the admiration of every enthusiasts and users world wide. I think 21 million mark is enough. Thanks

[Marcus]

Short supply means higher prices. Hence, Bitcoin is a very profitable investment if you can afford waiting a decade or even longer.

[Sabarhati]

the more those who are looking for bitcoin, the more expensive the price of bitcoin, because even though enthusiasts are increasing, the availability of bitcoin will not increase

[Master107]

Demands makes bitcoin much desirable.
Though it is just 21 million supply the demands is more than 30 million.
The world population is not just 30 millions nor 100m.
According to recent statistics as of November 2018 the world population is 7.7 billion.
Assuming every person on earth knows bitcoin what would happen to demands and value.
Possible regulations will be implemented in order to control huge investment.

[Kusuma]

I think it will be enough, and if demand increases then it will make the value of bitcoin higher, bitcoin will become a cryptocurrency with high asset value.

[Zed0X]

There are only 21 million Bitcoin in total and some of them were lost forever. But come to think of it, how many sats are there? Don't you think that's enough?

I also read an article the other day that inactive wallets that holds huge amounts are getting fewer. That means we'll probably see more supply in circulation.

[cryptomate3473]

Yes, you have said correctly, that total of 21 million will make Bitcoin hit the moon in the shortest time. This is one of the forces that is driving the coin to the admiration of every enthusiasts and users world wide.