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
If you increase the Bitcoin supply it will lose the point and a LOT of value. Because what is done once, it will become habit. Increasing the number of coins will ruin the coin. Period!
Yes.If you try to make increase in the number of supply of bitcoin,i think there would be consequences for that.Aside from deflation of value,you will be against the nature of bitcoin too.The amount of bitcoin is already given and fixed already so we have no chance increasing it.What we should aim to do is to make the demands higher so that the price will no longer decrease,it will just continue to soar high.