Bitcoin Fund Units Class A T.QBTC

One question remains, will Bitcoin supply increase with

[CriticalMind55]

Bitcoin mining? I read an article saying that China will be lending companies money to mine for Bitcoin. Also, can anybody explain how does Bitcoin mining really work? you put in millions of computer algorithms and hope for virtual value to be generated that can be converted to Bitcoin or other cryptocurrencies? I think this is one of the reasons that is keeping more conservative/older investors away from Cryptocurrencies; becasue they are uncomfortable with the concept or just do not understand how it works.

I wonder what will happen when more people understand the concept and see an opportunity of a lifetime...

Thanks in advance for your explanation.

C

[Moogul]

The supply side of BTC (mining) is fixed... 900 new btc are created each day no matter the demand or btc price... after the next halvening in just over three years from now it will be down to 450 btc mined per day and so on and so fourth.

[Moogul]

The impact of more people trying to mine doesn't impact the amount of btc mined it just makes mining more difficult for miners as more miners mine for a fixed reward. This is what makes btc so much different then conventional mining (ie gold market). When the gold price increase there is a supply response (miners increase prod) which dampens the price increase... this doesn't occur with