Post
Topic
Board Bitcoin Discussion
Re: Is it possible to have bitcoin shortage?
by
erikoy
on 09/09/2018, 12:05:24 UTC
I do not think that bitcoin will be enough if the whole people around the world will going to buy bitcoins. There will be too much shortage on bitcoin supply and this will lead also to have an expensive market price for bitcoin. As we all know that there are billions of people around the world and bitcoin supply is only limited. So meaning to say in the near future there will be a shortage for bitcoin supply and thus will lead to create another dominant coin like having ether as one of the possibilities that it will be the next to bitcoin. As of this moment i am seeing this already closely to happen. What do you think?
No that wont happen that bitcoin will be out of order as the supply deteriorates the market price will goes high and for that bitcoin market price will just go higher but it could never lose its supply. This is the law and demand supply of cryptocurrency the greater the supply the lower its market price and the lower the supply the higher its market price will be.