Why can the quantity of Bitcoin be limited (why does Bitcoin have an upper limit)

Why Bitcoin quantity can be restricted Editor’s note: This article is from Meng-eyes Finance (ID: Meng-eyes), reprinted by the Daily Planet Daily with authorization As more and more institutions start incorporating Bitcoin into their balance sheets, this trend is changing. According to the latest data of CoinMetrics, since 2009, Cryptocurrency worth more than US $6 trillion has been created and held worldwide. However, currently there is no BTC available for sale or trading that can be restricted. Why can Bitcoin be restricted? Why can’t Bitcoin be restricted? Let’s take a look at some key questions about its role:

1. How to prevent miners from extracting funds from their own networks?

? 2. What Cryptocurrency can be provided on the exchange to work for them? 3. What is’ locking ‘Bitcoin? When we consider all other factors, you should realize that not everyone will know that Bitcoin is non-negotiable and Scarcity. What most people don’t know is that this means that everyone is eligible to receive a token linked to the US dollar as a reward; Therefore, these digital currencies may not necessarily be equivalent to real-world currencies. However, if something is still owned by an entity and can be exchanged in the market – such as Bitcoin – then the wallet must be protected so that it cannot be stolen In fact, people’s interest in the encryption market is not always as great as before, but now the situation is different. Firstly, people have recognized the importance of blockchain technology and believe that it is a possible way forward. Secondly, people have also noticed that in many cases, blockchain technology does provide potential benefits. Finally, Bitcoin has significant volatility and its supply is very limited. Because of this, although their prices are relatively low, they cannot remain stable. In addition, due to the complexity and transparency of blockchain technology, it is difficult to determine whether a new excavation of Bitcoin is needed to maintain the current price level. In summary, one of the main uses of Bitcoin is to store wealth

Why Bitcoin has a limit

Editor’s note: This article is from the vernacular blockchain (ID: hellobtc), and the author is authorized to reprint it in the Daily Planet.

Is there an upper limit for Bitcoin? What is it really useful for? Let’s take a look at its functions first. Firstly, Bitcoin is unrestricted – it is a value storage asset controlled by an address, manipulated, and irreparable; Then everyone can freely use this currency, but only in this case will there be enough people to own or exchange it, so there is a currency that can be circulated in unlimited quantities to the market for trading If Bitcoin is a virtual world thing, then there really is no such problem. For example, when you want to buy a Bitcoin but don’t want to put all the digital currencies in your wallet in your pocket, what do you need to know about a limit? Why set a Price ceiling for Bitcoin? Because many people ask, ‘Is Bitcoin really one trillion times bigger?’? And this is just a theoretical assumption, which does not mean that true implementation is impossible. In fact, as long as these conditions are met, the target of Bitcoin price can be achieved Another saying is that ‘holding Bitcoin forever cannot be guaranteed’, which means that one should never trust someone to provide a return on investment of over $1 million. This is what is called ‘endless’. Bitcoin has always been used as a speculative asset, so people often see it as an investment product, “just like stocks nowadays.” However, as time approaches, the market begins to speculate that there has been an oversold situation. According to data from the encrypted data website BitInfoCharts, over $500 million has flowed into Bitcoin over the past 24 hours. Therefore, historically, when Bitcoin prices decline, investors will sell their chips for profit In fact, many exchanges and institutional users do not have the same open attitude towards BTC as before. They even claim that Bitcoin is a highly volatile commodity, and they also create a large number of false alarms through various means. For example, Jay Clayton, chairman of the U.S. Securities and Exchange Commission, once said: “I will not buy any bitcoin or other Cryptocurrency. I do not intend to sell any tokens. But I do hope to see more such things happen. I predict that bitcoin will become the mainstream.” On the other hand, some people also raised the question of “what is the maximum capability of bitcoin”, The most limited quantity of Bitcoin does not refer to its ownership, “someone pointed out because” the supply of Bitcoin is 21 million pieces. However, this concept doesn’t seem very reasonable.