Quote from: JTEN18 on January 14, 2018, 10:11:15 AM

Quote from: anushkasachith888 on January 14, 2018, 10:04:06 AM

Quote from: Altero on January 14, 2018, 09:56:20 AM

Quote from: Mandoy on January 08, 2018, 12:00:42 PM

Quote from: anushkasachith888 on January 08, 2018, 11:05:50 AM

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.

Even though that certain amount of supply are reached, still bitcoin continuously existed in the market but it only runs by its circulating supply which is mined already. In fact, $21million is far to reached and there's still a long years to stay on mining.

How long will it take to finish mining all 21 million ? I saw that some one has told it will end up mining in 2140. I don't know whether it is correct or not,

That is right, it will take a decade after all bitcoins will be fully mined, so we have so much time to have a bitcoin in our life, so we don't have to missed this opportunity or we will regret all those things that we just missed when we saw the price of bitcoin in the future.

Hmm, but we will not have much money to buy BTC When Its price increase at this rate even though we have enough time . Grin