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
First, let us get something out of the way, bitcoin total supply is not unlimited but limited to 21 million bitcoins that will ever exist!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
Once these 21 btc coins are mined and owned by different people from all over the world it means demand will still be there and miners will still make their money and FYI price is even likely to increase more when all coins are mined as people know their availability is not ganranteed as some coins will be lost forever pushing prices higher.