A bit of the kettle calling the pot black. There are currently ~ 18m BTC in circulation with 2140 AD as the approximate date when the last BTC is mined and all are in circulation. When one takes into account lost keys and coins the number could be much less. As the hardest money ever invented, it’s still quite early in observing the potential of BTC being realized.
What about when people die. Don't their digital wallets and their bitcoins effectively go with them ? So can't u take them out of circulation. So supply becomes smaller and smaller after all coins are mined, which creates the potential for more manipulation...... Or am I missing something here ?
down it goes to 6500. now bitcoin is the biggest cryptocurrency, and there are probably 20 other cryptocurrencies. and there is nothing in this world to stop it to expand to 200, 2000, 2 million cryptcocurrencies because its supply is unlimited, infinity, and endless.
Anyone who dies or loses their wallet key their coins are permanently stuck and will never be able to sell their crypto again. Yes that means less supply, more volatility and less of a bear market since they can never sell.
Not really. This was my opinion until I started to study the crypto phenomenon more. For freedom freaks and netizens, BTC is FU money for the long game. It is more Stateless, Borderless, Permissionless, Hardened, Censorship Resistant, Distributed P2P network as a whole than any comparison. BTC IS the innovation and we are still early. It’s based on math and principals not the sovereign state, centralized and CB monetary policy. It exists as an alternative to fiat, Keynesian economics, political and economic uncertainty and that is enough. With crypto, All roads lead to Bitcoin.
Yes and most miss the point of what BTC embodies and that is a new paradigm of "social consensus scarcity". This distinction is what separates it from everything else even in the ever-expanding universe of cryptocurrencies.
down it goes to 4400. soon there will be lots of experts saying BTC is now very cheap to buy, and price would go to $100 000 or even beyond that.
Love bitcoin, as i have been on the two big runs on it.... Now, btc is clearly no "safe haven", as many prognosed some years ago (it'll be like gold...). but: the longer btc is on the market - as first prime crypto currency - the more reliable it gets. And the more people start to rely on it. So one day... ; ]