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> There are only a limited number of coins out there so people are going to stop mining for them as he near that limit. You can see that now with fewer people b
by csense 9y ago
> There are only a limited number of coins out there so people are going to stop mining for them as he near that limit. You can see that now with fewer people buying ASIC and similar FPGA modules.
This is true, but the effect should tend to push the price up, not down. The new coins paid to miners are essentially a "tax" on everyone else.
> The transaction fees are getting be as great as the cost of a pizza transaction
If fees are high, it means demand for transactions is high as well. High fees are evidence that people want to use Bitcoin.
> Lost coins - There are millions of wallets out there with people exploring BitCoin that has just been lost.
I don't know about "millions," but it certainly happens. When coins are lost, it increases the scarcity of Bitcoin, which would tend to make the price go up.