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<p>[QUOTE="hchcoin, post: 6456339, member: 94272"]Bitcoin is just the "currency" used to make the transactions. It's value is based on supply and demand. If you want to use bitcoin, you need to buy the bitcoin (demand) with money or trade another asset for it from people that already own it. The supply of bitcoin is limited to the number of bitcoins in circulation and the number that are being mined. The total number of potential bitcoins in circulation and out of circulation waiting to be mined is fixed at 21 million. Currently around 18.5 million bitcoin have been mined leaving only about 2.5 million more to be mined. Once all 21 million have been mined, miners will be paid a fee to unlock the blockchain. Here is a great article explaining that piece of the puzzle.</p><p><br /></p><p><a href="https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/#:~:text=There%20are%20only%2021%20million,to%20be%20introduced%20into%20circulation" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/#:~:text=There%20are%20only%2021%20million,to%20be%20introduced%20into%20circulation" rel="nofollow">https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/#:~:text=There are only 21 million,to be introduced into circulation</a>.[/QUOTE]</p><p><br /></p>
[QUOTE="hchcoin, post: 6456339, member: 94272"]Bitcoin is just the "currency" used to make the transactions. It's value is based on supply and demand. If you want to use bitcoin, you need to buy the bitcoin (demand) with money or trade another asset for it from people that already own it. The supply of bitcoin is limited to the number of bitcoins in circulation and the number that are being mined. The total number of potential bitcoins in circulation and out of circulation waiting to be mined is fixed at 21 million. Currently around 18.5 million bitcoin have been mined leaving only about 2.5 million more to be mined. Once all 21 million have been mined, miners will be paid a fee to unlock the blockchain. Here is a great article explaining that piece of the puzzle. [URL]https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/#:~:text=There%20are%20only%2021%20million,to%20be%20introduced%20into%20circulation[/URL].[/QUOTE]
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Sold of My Entire Bullion Collection In Order To Purchase BitCoins
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