Cryptocurrency Q&A
Which coin has limited supply?
Which coin has limited supply?
FireFlyer
Tue Jul 02 2024
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6 answers
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In the ever-evolving landscape of cryptocurrency, one aspect that often draws the attention of investors and enthusiasts alike is the supply mechanism of various coins. Among the many cryptocurrencies available, which one stands out due to its limited supply? Some coins have an infinite or nearly infinite supply, while others have a fixed cap. This finite supply often adds a sense of scarcity and potential value appreciation over time. So, which cryptocurrency boasts a limited supply that investors may consider when looking for a potential store of value or investment opportunity?
6 answers
TaekwondoMasterStrengthHonor
Thu Jul 04 2024
Bitcoin, colloquially referred to as BTC, has established itself as the gold standard in the cryptocurrency landscape.
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SumoPower
Thu Jul 04 2024
The fundamental aspect that underpins its status is its capped supply of 21 million coins. This limitation was a deliberate design choice, aimed at introducing scarcity into the digital currency.
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Dario
Wed Jul 03 2024
By limiting the total number of Bitcoins that can ever exist, the creators of Bitcoin sought to mimic the properties of physical gold, which is also scarce in nature.
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CharmedWhisper
Wed Jul 03 2024
This scarcity is crucial in making Bitcoin inflation-resistant. As opposed to traditional fiat currencies, which can be printed indefinitely, Bitcoin's fixed supply ensures that its value is not diluted over time.
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HallyuHeroLegendaryStar
Wed Jul 03 2024
With a decreasing rate of new coins being mined and a limited overall supply, Bitcoin is positioned to appreciate in value over the long term. This is in stark contrast to fiat currencies, which often suffer from inflationary pressures.
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