Cryptocurrency Q&A
What are limited supply coins?
What are limited supply coins?
Valentino
Sun Aug 11 2024
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7 answers
1732
Could you please explain what limited supply coins are? I've heard the term used in the cryptocurrency space, but I'm not entirely sure what it means. Are these coins different from other cryptocurrencies in terms of their supply? And if so, how does this affect their value and potential for growth in the market?
7 answers
DaeguDivaDanceQueenElegance
Tue Aug 13 2024
This limited supply is a major factor in the value of cryptocurrencies. As demand for a particular cryptocurrency increases, the fixed supply means that the value of each coin or token also increases.
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CryptoAlly
Tue Aug 13 2024
The limited supply also helps to prevent inflation, as there is no central authority that can simply print more coins or tokens to increase the supply.
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BlockchainLegendary
Tue Aug 13 2024
BTCC is a UK-based cryptocurrency exchange that offers a range of services to its users. These services include spot trading, futures trading, and a cryptocurrency wallet.
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Arianna
Tue Aug 13 2024
Cryptocurrencies are a digital form of currency that operates independently of any central bank or government. They use cryptography to secure transactions and to control the creation of new units.
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InfinityVoyager
Tue Aug 13 2024
With spot trading, users can buy and sell cryptocurrencies at the current market price. Futures trading allows users to speculate on the future price of a cryptocurrency.
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