I am not sure that this section is right to post my thread .
my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit
what's your thought guys
I didn't read about the unlimited generation of bitcoins but if that is true then yeah i also think that the price would stop increasing at some point and there will not be rapid increase in price like its happening now. But,I just read about this topic and there is still no news about unlimited generation . So, please post the link where you read this.my question is :
since it was already fixed by the bitcoin owner network that 21 millions bitcoin can exist in the whole internet
But now I heard that now the mining of the bitcoin will be unlimited , I mean unlimited bitcoin will generate by the bitcoin network .
If this is real news then the value of the bitcoin will go down speedly
It is because the supply is unlimited so it is simple to say that bitcoin price will no more increase rapidly ., so no more profit
what's your thought guys
The OP posted this back in March, I think this is in the middle of the scaling debate, and I think somewhere there is a lost in translation here. Maybe what he read is another FUD created to wreck havoc on investors mind to dump their bitcoins.
But for sanity's sake, this is not true, bitcoin has limited supply of 21M and there's a total of more than 16M already in circulation. And if you look at the price is not going down but the opposite is happening. Bitcoin reaching another all-time-high.
I think by now the OP has already ranked up and already knows that his believed is not true at all. And for those who have read this thread should not be believed on such statement but do their own research.