bitcoin Bitcoin's total amount.

[Irish 128]

On 5/3/2020 at 6:13 AM, Zezo said:

I think that if he does not specify the total number of Bitcoin, it will have no value because the rule is the less quantity of a thing, the greater its value

I think, there is no total amount as of now? because not all the bitcoin now are mined. 

[Honny143 13612]

Well I have no idea about this why satoshis nakamoto fix bitcoin supply 21 million, but I have one theory like in fiat currency its centralized currency and government always cares the prices stable, but in crypto its decentralized no one control prices, so I think limited supply coins more valuable because demand and supply formula works in this process, so bitcoin is more valuable because of limited supply.

[Laboni 755]

No one can determine the exact value of Bitcoin. We can easily say the total amount due to the stability of Fiat currency but it is very difficult to say in the case of Bitcoin. But if Bitcoin is delivered properly, it could go up to 30 million in the last four to five years. Let me know if anyone knows the correct information.

[Treat1234 0]

9 hours ago, Irish said:

I think, there is no total amount as of now? because not all the bitcoin now are mined. 

Yea, bitcoin will be mined after a century which will account for about 21 million bitcoin, which I knew it will be expensive by then and bitcoin will be a disadvantage to the miners too

[Kamila 291]

On 12/30/2019 at 4:46 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?

I think he did this because he wanted to make bitcoin the main cryptocurrency and so that it wouldn't be cheap, he decided to limit its quantity so that its price would go up.

[Soaib khan 1035]

as far as I know he did this because he wants to create that kind of Cryptocurrency which has finite supply because fiat currency has infinite supply that's why satoshi nakamoto did this 

[Upright 2688]

If i might say on the limited supply of bitcoin, as when on history of scarcity comes, we know that scarcity kind of bring on the impact on the price of the commodity, as I think when the supply is fully reached and mined, we might be in the witness on an era of price flaming

[bitcoin-shark 1928]

I believe that Satoshi Nakamoto was a prescient he did well to put a limited number of bitcoins, so as time goes by they will become increasingly rare and their value will only grow...

[malik6314193 5449]

I think it is the reason that bitcoin is on the top of every crypto coin because it have limited supply. As demand increase the price will definitely increase due to it limited supply. So it is good for bitcoin holders. 

[Saifchy 94]

It is very much difficult to find or calculate the total amount of bitcoin.Because any time or any moment the price of bitcoins get high or low. Nothing can be say with a confident 

[yuwira 0]

In truth, there are handiest 21 million bitcoins that may be mined in overall. once miners have unlocked this many bitcoins, the planet's deliver will essentially be tapped out, unless bitcoin's protocol is changed to permit for a bigger supply. Supporters of bitcoin say that, like gold, the constant supply of the currency means that banks are saved in take a look at and now not allowed to arbitrarily issue fiduciary media. what's going to occur whilst the worldwide supply of bitcoin reaches its restrict? that is the situation of lots debate the various fans and aficionados of all matters cryptocurrency.

[Zues 1069]

On 5/9/2020 at 4:25 PM, Crypto Hunter BD said:

Sorry I have no idea about how many Bitcoin available in crypto world.But i think millions of bitcoin has been already mines.If anyone know how many Bitcoin has mined.You can share with us.

Yes I think that you are right and I am the same because I think that I don't know what is the total amount of bitcoin that is available still but I think that the supplies will last more because the value of bit pin is still high which makes it more. 

[Mcd0d0 5882]

On 12/30/2019 at 4:16 PM, Ardian1206 said:

We don't know for sure why he made Bitcoin in a limited way, which only knows what Satoshi's thoughts are.  Maybe it is an obstacle or other causes.  The point is we never know what Satoshi's thinking unless he comes out and makes a statement.

Well, i think it's because this us just an experiment only and he didn't recognize that this will be successful, and by knowing that many people are getting interested with it, bitcoin has a lot of supply in the market.

[TimopheyKa 3900]

Friend, I do not know exactly, but I can assume that the system works here is similar to IPV4 or IPv6 which have restrictions on ip addresses, and here the same situation, just a lack of blocks in the system, that's the limit!

[gourav789 2834]

this is really a best design taken by satoshi nakamoto , whenever all Bitcoin is minned there is not Any bitcoin for mining then automatically  bitcoin start pumping in market becuase it's demand is increased .

I sure we will see postive results of this designs in future .

[joaquin 113]

at the moment it is almost 11 thousand dollars. I say that within about 3 years it would be more than 12 thousand dollars or much more. But let's also remember that it can also go down too much and it can be passed by another cryptocurrency.

[candyguyyy 43]

i think it was prospective view about how the market going to consider it any way unlimited supply from any thing make it much cheap so if there certain number so always there value

[ramonn22 731]

On 12/30/2019 at 8:18 AM, Win said:

Yes thats true bitcoin is the king.no crypto currency nor crypto world if there is no bitcoins.that why today i purchased again bitcoin for this coming bullish this year 2020.i am very confident on that.and ihope it wil be a life changing to us

If I totally agree with you colleagues, he is the king of cryptocurrencies, since it is my bitcoin, none of them would exist and therefore it is convenient to store bitcoin for the future, which will surely be a bombshell
Good luck and big profits for the whole community
A big greeting

[Mella 3680]

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?

I am think that he did not like inflation at all so he is made it to be like this with a suply of 21 million bitcoin and no more but this is maybe something that is a game and a social test to see how much it can go this way. I am not think that it will be actually lasted for many years, there are more serious cryptocurrencies that can be used for the internet and there are private coin too.

[bogdanoff 3173]

I don't know what Satoshi was thinking but having an asset with fixed supply means that if there is demand rising then price is going up because the supply is not moving but it is standard. This is a rare case of some assets that are scarce and basic economics you learn in school.

[percare 3192]

This is how it was made and the reason was to have more value. There is no other reason besides to cut inflation. Satoshi knew the money was losing the value it has because of inflation and each year you can buy less products with the same money, so there is also the rise of wages that contribute to this. With Bitcoin though the deflating system will not work, so instead of a currency it is considered now an asset.

[Fixfin 2569]

He clearly wanted to have a system of less coins entering circulation every four years and if the system was successful it will lead to increased price if demand was stable. Basically he did everything so that the system had to push the Bitcoin price up a lot and to be very low at start. This is why many are accussing Bitcoin of similarities to ponzi schemes that pay a lot to early investors and very smaller profits to later ones until it collapses completely when there are no new investors entering. It seems though that the network was so unique that it overshadows any thought like that.

[yonkii 3205]

A little whlie ago I didn't know a lot about bitcoin. I became interested in this two months ago and started learning from cryptotalk and got my first bitcoin in the yobit exchange. What I think is that it is really good coin and Satoshi made it this way as to be not a lot of bitcoins available. I don't know the reason and I don't think it matters a lot.

[Syedbesharat 5423]

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?

Sathosi was first person who take the initiative to create new economic system where the supply have limit not like paper money, where the amount increases every year and the value decrease. 

The Eth supply is unlimited but the demand is not higher like BTC. Many famous coins have limited supply like XRP who have burned their own supply. The BTC supply is for now is fixed but cannot be in future when BTC become payment medium. 

[cryptovlek 2597]

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

He just has to make it unlimited as ETH. And it's even safer and more relaxed.

Satoshi made Bitcoin this way and I don't think it will be changed ever. I don't know why you think it is more safe to have a coin inflating like Ethereum and I don't know what you mean by relaxed? Maybe it means the 70 million premined ethereum?