bitcoin Bitcoin's total amount.

[SuperCrypto 7193]

On 12/30/2019 at 3:46 AM, Stefan7 said:

The biggest question I ask myself all the time is why Satoshi Nakamoto has specified the total number of bitcoins that are to be in circulation. He just has to make it unlimited as ETH. And it's even safer and more relaxed. So can you please tell me, why did he do it like that?

It can be said that scarcity creates increased demand which in turn makes the currency more valuable. Once the mining of the full bitcoin has been completed it will become difficult to obtain, in addition to that it will become more valuable.

[Interface User 1070]

In my guess to avoid inflation. Also the coin have limit supply to increase its value in the future. Because as we know when the demand is increasing and supply is limited there's a higher chance that Bitcoin's value increase.

[CryptoMaxim 3829]

I believe the total amount should be known which allows you to predict the price to some extent. If the amount is unlimited then there will be a depreciation of the coin.

[Sumayya 493]

17 hours ago, Abbas Khan said:

Yes its mining ending will take place in 2140 when all the defined bitcoin will be mined completely and no bitcoin further will be mined

No further bitcoin will be mined, no Bitcoin will be mined which will bring more demand to bitcoin

[Sumayya 493]

On 1/4/2020 at 10:27 AM, Abbas Khan said:

Yes that is the best Reason for higher Demand and the future price Prediction that bitcoin price will be much higher than ever

Yes that will happen indeed. More people high price

[TasinHasan 421]

i don't know about btc total amount but btc increase every year regular to its unpredictable 

[el-Muhammady 718]

I think he perhaps he did that due to the piece of evidence folks who earn a quantity of Bitcoin are frequently called Satoshi and and folks who retrieve themselves huge dealers and plus produce a quantity additional Bitcoin more regularly comprehend Bitcoin.

[Yanadia 1517]

Back to Satoshi's initial vision "From the start, Satoshi had a vision of digitizing gold, a universal money that can be owned by everyone.  Like gold, this new digital coin has value only if someone else is willing to pay to have it  for which the original value is zero.  But the bitcoin system prepares for this, like gold, bitcoin will always be rare - only 21 million bitcoins in circulation - and difficult to fake.  Like gold, it requires effort to get new bitcoin from its source, in the case of bitcoin is a computational job.

**Nathaniel Popper, Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money**

[Sid 589]

I don't know the exact reason, maybe because he wants to keep bitcoin high in value? or indeed technological limitations at that time

[babaji 1228]

I dont believe eth has an unlimited supply. As for bitcoin, being of limited amount, is the one of the primary reasons, why it is loved and invested so heavily. As the production become less and less, the price will keep going, we don't know if it was deliberately, but we can sure asssume, it was great way to make a lot of money.

[suzuya 945]

It's better that the amount or number of bitcoin has a declared number because this is good for the circulation of money in the market, this is why this coin became the most expensive coin because it is limited, that's why if the supply is low it's price is high.

[Sagor 500]

On 1/31/2020 at 4:33 PM, bolaji said:

Am not sure about the specific total amount of bit coin but i no there won't be any coin that can stand to challenge it value.

i also dont know but i think you can find out the total circulating supply from the coinmarketcap. btc is the most profitable coin now in the market.

[Oxygen 1004]

On 12/30/2019 at 6:46 AM, Stefan7 said:

The biggest question I ask myself all the time is why Satoshi Nakamoto has specified the total number of bitcoins that are to be in circulation. He just has to make it unlimited as ETH. And it's even safer and more relaxed. So can you please tell me, why did he do it like that?

As you can see there are bundle of crypto curencies whom have limited supply and the limited value too. but the bitcoin have also limited supply but unlimited value. If it had unlimited supply then i think it could not have enough value as it have today. 

[Heroshema 0]

I think it was more than 400 million .. but the numbers in lower every day .. always the mininng is lower than than the lost ones

[Ovis25 135]

The amount of Bitcoin is unlimited as his next move might shock the world. Bitcoin has been observed to break records due to so great statician.

[doriahailee 643]

It's to prevent inflation i think, With fixed supply bitcoin likely can maintain the price more stable rather than some unlimited crypto out there that more volatile, But the real answer for this it's only satoshi that know, We just can assume.

[Ahmedabdallah12 169]

Limited number of bitcoins is a good feature as it help it's price to go up and make the Bitcoin valuable 

[ShakilA 373]

I don't know total bitcoin amount.I can not say this exactly how many Bitcoin available

[Sasaki 171]

We don't know why Satoshi did that maybe in some factors, well even though is has a limited amount the potential if btc is so promising, maybe it's also some strategy why he did that. 

[MuhammadSh 3067]

good question.. i think that this thing is really difficult to know

nobody knows what is in Satoshi mind

but i believe in the future of btc and maybe we will see a lot of surprises after the halving of btc in 2020

[Sehr 288]

still dont recognize what is the precisely cost of bitcoin. In any case, I realize that bitcoin is the most costly coin in entire over the world. Since enormous financial specialists put resources into crypto that why

[ammarfares 95]

On 12/30/2019 at 3:46 AM, Stefan7 said:

The biggest question I ask myself all the time is why Satoshi Nakamoto has specified the total number of bitcoins that are to be in circulation. He just has to make it unlimited as ETH. And it's even safer and more relaxed. So can you please tell me, why did he do it like that?

No one know the really reason of the total amount of bitcoin but I think it is the reason why bitcoin is more expensive more than ethereum. And people trust it more ethereum. 

[Ahmeddominik 126]

23 hours ago, Ismail4886 said:

I don't know total bitcoin amount. I can not say this exactly how many Bitcoin available. That's just bitcoin maker and operator Satoshi Nakamoto can say.

Yes my friend and I also do not know how many bitcoins there are and thank you

[Ebrahim1234 1]

The total amount of Bitcoin cannot be quantified because there is more to Bitcoin than there is no shortage of Bitcoin. Bitcoin cannot be calculated because Bitcoin is composed of more manpower, it is made up of a lot of money

[Akasshh 234]

Total numbers of bitcoins

 The maximum and total number amount of bitcoins that can ever exists is 21 million.There at 17.3 million bitcoins in circulation right now.

3.7 million bitcoins left to be created or mined.