What if Bitcoin is challenged by population

[Amirul Islam 382]

9 hours ago, Kariuki said:

I had  a thought just the other day, < bitcoin has been made to be limited, and according to what I gather, there about  25billion bitcoins, and of which most have been taken, what happens to when there is a challenge and the cryptocurrency system is adopted as the only way to transact and having bitcoin as the only major currency as we have the dollar as the reserve currency , It bothers me even the thought that could be as limited,knowing the world has about 7 billion people and growing,  what do you think guys , kindly lets discuss , God bless you all.

I think bitcoin will cross $100k price over a night if it will happen. But i think it won't come over a night. Bitcoin need some more time for it.

[Rudro88 371]

From the population of Bitcoin users, there is certainly a good challenge for Bitcoin.  Because with Bitcoin, if we actually do the transaction safely and invest better in it, then it will definitely be a challenge for Bitcoin and Bitcoin will certainly go further.  So it would be worthwhile to actually challenge Bitcoin from other currencies.

[Great Commander 659]

It has no affiliation to fiat currency which has a fixed value, the supply and demand always plays the role and could be seen on statistics. 

[gambut_24 98]

Bitcoin will fight it with an increasingly high value, but if Bitcoin will be left by the community then it will die slowly.

[alexisfuentes 2130]

Hace 23 horas, Kariuki dijo:

25 mil millones de bitcoins,

You have a mistake there

__________

Bitcoin was not made to fight anyone, it is a business model that seeks to innovate and provide solutions.

Mainly seeks the decentralization of peoples assets, you must be the real owner of your money and dispose of it as and when you want.

 

Among other hundreds of reasons...

 

_________

 

 

[febriyana 934]

I think bad people will keep trying to going be scammer to some people. Bitcoin will be so worthy to have, so rich people will choose save their Bitcoin in the high security deposit box. Maybe many people will fight each other to get some Bitcoin. Also in job your salary now is with Bitcoin. Bitcoin will going mainstream, maybe the prices will going stable time to time.

[Man 741]

Bitcoin supply is only 21 million and the population in the world is very much. So this is very difficult to think about and if you think seriously. Then that will never happen.

[urooc 218]

i think that not all the population is going go be dependent on the btc their are many other coins that can be used by the people. but if this happen that the population is going  to be dependent on the btc than the cryptocurrency will be very useful for all of us. i think the price will become to normal and the demand of the btc in the market will increase and also the demand and the supply will also become increase.than that will be the time to create another  coin as well.

[mumma 8]

there is nothing like we have to treat and challenge the bitcoin with population  ecus we have seen that many if the population is still not aware if the bitcoin and it is going to adopt with the many of new users.

[dinabolt 514]

That's fact and now comes up new idea about generate bitcoin, that's really bad idea but can be doing with powerful blockchain. I'm not worry about limited bitcoin but only about regulation and new coin from China, that's bad for us and bitcoin market.

[Gafar 63]

I do not expect that this number is correct. Actually, I think that with a fixed training, it is not easy to scratch 1 with a price of this huge price.

[BTC Future 3946]

On 1/21/2020 at 5:43 AM, Kariuki said:

and according to what I gather, there about  25billion bitcoins, 

There can only be 21 million Bitcoins in existance. This is securely written in the Bitcoin code. Right now there we have in circulation a little more than 18 million and 3 million are left to be mined in the following years.

[jacker 1095]

I think you're thinking too far, the problem of population is not a challenge for bitcoin, I think you care about the number of bitcoins you will be better at. But what you said is true

[el-Muhammady 718]

On 1/21/2020 at 1:49 PM, Ronit Raj said:

Population will be affecting the currency by inflating the prices.The design of a fixed amount of the coin is the key to have a currency non inflationary and with tendency to an infinite value. The handle is solved since the beginning because each bitcoin is divisible in satoshis with quite lower value. Additionally, people can use another crypto currency if it's their decision.

Maybe the form on resolved grade of a gold coin is a main to undertake a external capital not inflationary examine temptation in an multitudinous cost.

[shafi123 187]

I think it is not chanllenge to the members of crypto curreng. It majer good cause us free earning.

[fatima123 320]

Total supply of bitcoin is 21 millions only and if most of population of the world's using btc then it's price will increase more then we expected from bitcoin still it is very high. 

[iloveyobit 6599]

First you are mistaken in the number of bitcoins that exist, there are only 25 pieces of composition presently present, and when the bitcoins on the market expires, its price will rise fancifully, according to view.

[phpMailz 568]

Well when bitcoin is challenge by population the value of bitcoin will just increase cause the supply can't be increase to compensate for the high demand, value of bitcoin will have to increase cause bitcoin will be difficult to get.

[Nakamoto 279]

The correct amount of supply is 21 million bitcoin but this number is not full in circulation because there are some people who might have lost access to their coins. Nothing will happen when everyone starts to adopt bitcoin. Everyone can still buy and use it as needed. But the price is definitely skyrocketing.

[ETheHedgehog 3104]

That is the main reason why Bitcoin has such a high price, it's limited, supply is low and demand is high, if it had 1000 billion supply it wouldn't've been that valuable

[miskyming 1588]

25 billions of bitcoin? do you mean the supply of bitcoin is 25 billion? No, it is 21 million bitcoin supply. If more people adopt bitcoin the price will increase and I don't think bitcoin will no more supply right away. It will take long years to happen that the supply of bitcoin will be no more.

[iloveyobit 6599]

Simply put this happened and it will happen, the price of bitcoin will rise hysterically in view of the great demand for it, and I can expect that its price will surpass $ 100,000 by then.

[MysteriousIdentity 150]

On 1/21/2020 at 11:43 AM, Kariuki said:

I had  a thought just the other day, < bitcoin has been made to be limited, and according to what I gather, there about  25billion bitcoins, and of which most have been taken, what happens to when there is a challenge and the cryptocurrency system is adopted as the only way to transact and having bitcoin as the only major currency as we have the dollar as the reserve currency , It bothers me even the thought that could be as limited,knowing the world has about 7 billion people and growing,  what do you think guys , kindly lets discuss , God bless you all.

Bitcoin is not the lowest form therefore demand is not a problem even if it will reach to billions. Because the lowest form of bitcoin is satoshi and once the demand will skyrocket and price of bitcoin will continue to grow then it will be the time that we will be using satoshi instead of btc. 

[juzto 5]

that you are reasoning for the information is in reality make accept as true with, special someone. The form on the resolved diploma of a gold coin is a first-rate to undertake a overseas cash now not inflationary research temptation in an incalculable value. A tackle is actually relieved ever since the starting point for the reason that each one bitcoin is simply divisible around satoshis by means of the use of fairly greater less expensive value. On top of that, humans nowadays is capable of use a in addition crypto overseas cash while it's miles its very last choice.

[Zaino34 0]

I think this is difficult to happen, and this offer can be controlled if it happens, and we should also not forget that there are digital currencies other than Bitcoin that people can use as well.