I am asking this question for my knowledge as I don't know the real fact as a newbie, We know that Bitcoin has limited supply compare to new altercoins, As the supply is not too big, Bitcoin price has become very high, My question is ,Is it impossible to increase the bitcoin supply mining new bitcoins further more ? Thanks in advance
The number of bitcoins can be increased anytime but that would be against the original design of nakamoto satoshi which is set at 21 million coins. Increasing in the number of bitcoin can cause tremendous deflation in its value. So let us just accept the current bitcoin as it is.
So bitcoin will disappear soon? What do you mean of lets just accept the current bitcoin as it is? If there is only 21 million and that is really it is, is that mean bitcoin will going to be zero in the future? Maybe bitcoin supply will also increase especially if therr are also a lot of us will mine.