What if Bitcoin is challenged by population

[Migo 7946]

But when we compare bitcoin with the population, I don't think all the people of the world are going to use bitcoin, I mean now there is only a few percent of people who are using bitcoin, it is true that bitcoin is not going to be enough for all the people but I don't think bitcoin supply will stay as it is, and there will be some changes for sure

[Jokeer 648]

If it happens then I don't think so that all the people of the world are going to use bitcoin but if it takes like a fiat currency then it might be work.

[Shaza Ahmad 1682]

You made a mistake in Total Supply Bitcoin, as it is 21 million bitcoin and not 25 billion, this limited number makes it as valuable as gold and with time it increases its value due to the scarcity of its existence and the difficulty of its mining.

[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.

There is no problem with it as bitcoin still has a satoshi so population is not a problem instead the price of bitcoin will become more valuable if in case it will become the future currency and will be use worldwide. 

 

But if in case bitcoin is still not enough to be use by everyone then I am sure that there will be adjustment that will be made once this problem will occur. 

[Daaang 344]

On 1/21/2020 at 4:05 PM, Mujeeb123 said:

I don't think so bitcoin is challenged by population because the bitcoin is not a stable coin and people prefer usd more than bitcoin.

That's true bitcoin is challenged by population because bitcoin price is not stable but i don't agree with you that people prefer to used usd more than bitcoin. Even the bitcoin is not stable, they really want to used it than usd because they can really gain huge amount money in bitcoin than usd. That's for me. 

[iloveyobit 6599]

In that time, everyone will resort to storing bitcoin, which will make it fly in the sky and all other currencies will follow bitcoin, according to experts.

[Honny143 13612]

In my opinion I don't think bitcoin challenged increasing population, because bitcoin supply not 25 million its 21million bitcoin limited supply, and this bitcoin purpose to transaction but when we increase bitcoin limits then it's not valuable,but we have so many altcoin available like eth litecoin bitcoin cash,this are the coin to complete peoples needs so we don't need any extra botcoins.

[Ridam 7455]

Talking about the thought that Bitcoin will be only coin to do transaction that's likely the impossible but if we assume, then volume is limited as you mentioned, in my view the price would increase and reach moon for sure as the demand will be too high.

[Philippe2001 356]

Buying and selling by electronic payment increased by a large percentage in March, due to corona virus
People do not like to pay me banknotes love to deal with me electronic payment to me avoiding mixing
 will increase the value of bitcoin and its price soon

[pablomarwan 3082]

Well, it was included in the foregoing that there are about 29 million pieces of bitcoin, which will end mining for the last cents for him by the year 2050, and this number that was set on it will not suffice for everyone in the world, as its value increases when you will not find someone who wants to share with everyone

[Prince90 668]

Well then its a good think for us bitcoin holders because if the population increases so does the demand and as we know that if demand gets high so does the prices of any crypto currency. In that scenario people with little amount of satoshi will earn huge profits.

[Nezar 7169]

I think that all these numbers are fake and it is impossible for the coin to disappear when this number is finished. I'm sure they will develop great things that help to increase the coin and its percentage

[iloveyobit 6599]

1 hour ago, MeiLynh said:

Nothing will happen when people start accepting bitcoin. People can still buy and use it when needed. But prices are certainly skyrocketing. it is limited, supply is low and demand is high, if there is 1000 billion supplies it will be worthless

I think it will have a great resonance if Bitcoin was adopted by governments and has become a means of payment because people like to buy with it instead of using bank cards

[Upright 2688]

One thing as we know that bitcoin has sub units of Satoshi, occasionally we can term our Satoshi to values, as basically the value of bitcoin is high and the majority will have values of bitcoin on its bits formas perhaps having a full was not possible

[Saboor 511]

Bitcoin value might even escalate to million dollars due to the high demand from the world population, even a Satoshi can cost as higher as thousand dollars

[Brand1 1336]

I think that this number is imaginary because it is impossible for a currency that has become global to disappear suddenly. I am sure that it is necessary to add more currency and make developments on it when this number that you mentioned

[iloveyobit 6599]

1 hour ago, MeiLynh said:

I think if everyone knows bitcoin, I think its price will rise and some people can't buy so the only thing they can do is buy other reputable coins. there may be a scarcity in the market because btc is less populated than the general population. Therefore, people will need to take other cash like eth eth and different cash.

Yes, adopting bitcoin and making it available as a method of payments in the real world will push people to introduce liquidity to the market in order to buy bitcoin, and this will make its price rise.

[Ayush Singh 1175]

If it is considered through the population then its true that there are limited bitcoins for such a big population of the global countries but it can also work effectively with it if the investments are done with a part of bitcoins not for 1 bitcoin. 

[Saboor 511]

6 hours ago, Ayush Singh said:

If it is considered through the population then its true that there are limited bitcoins for such a big population of the global countries but it can also work effectively with it if the investments are done with a part of bitcoins not for 1 bitcoin. 

Bitcoin won't be enough for the world population, we should not even consider the challenges and this will also make bitcoin price to be very expensive to buy

[kadayakito 765]

I think the population problem probably doesn't affect bitcoin. If influential the developer will have a solution. I can't say anything in advance because I'm with bitcoin and other factors that are really unpredictable. Trust bitcoin more.

[Dark_Sky 8489]

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.

For me that thing is very impossible to happen because the outside world will not let that to happen because for me that's a big problem just incase. 

[jamesvince 2389]

Bitcoin total supply is only 21 Millions and now in crypto market are 18 Millions coins in circulation of crypto market and we need be wise and now its time to invest in crypto market and crypto currencies are have strong feelings for future of bitcoin can be goes to 25000$.

[BitcryptoHan 2557]

What challenges are people going to make against bitcoin, this can no work. Eve in 2009 to 2012, bitcoin faced hard time as wiki even called it a scam. So, no challenge can be more than that. 

[magd 5231]

There will be no problem between the available currencies and the population around the world because of the multiplicity of cryptocurrencies, some may resort to using other currencies, or that every government make its own cryptocurrency and thus reduce pressure

[bentayebsalah 2280]

We have to talk scientifically and rationally and I don't think it is possible for the population to be able to limit or challenge the bitcoin currency or control it in any capacity