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
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
There will be only a limited amount of bitcoins available in the market, specifically, 21 million bitcoins. Due to this, the price of bitcoin actually depends on the law of demand and supply. Not to mention, its lack of any government regulation makes its value very volatile in the marker- making it a perfect investment mechanism for invesyors who are aiming to earn short time income.
Like gold, its quantity is limited, thus it has the potential of whales controlling the price. It depends upon the investors if bitcoin would still reign in the market.