Topic: [CHART] Bitcoin Inflation vs. Time - page 9. (Read 1089788 times)
Let's put high hopes and faith that the trend for Bitcoin will go up continously.
2021-2025 should be really interesting in my opinion. At that point were really going to see the crunch for people not being able to get the coins they need. So few are going to hit the market and at the end of 2025 we basically start really seeing us moving asymptotically to 100%
If bitcoin was a fiat, then it would be outlawed, period. But it's not, and so it will not be outlawed or treated as such, unless the some company itself engages in currency trading of some kind. But on the other hand given that recently (in the past years) dollar has had an inflation rate of around 2 percent, more and more influential persons try to persuade government to use/approve Bitcoin as an alternative to inflationary fiat currency. So that bitcoin (or candidates that would replace it on the technological basis in near future) is a deflationary currency because demand for bitcoin is rising as evidenced by the skyrocketing velocity. So even though the supply is growing, it is not excessive because velocity is growing so much faster. Actually, the supply of bitcoin should've grown faster during this period, but it is not programmed to do that.
The charts do not take into account the lost bitcoins.
The lost bitcoins in the world are more than 3 million pieces, as many beforehand lost coins of the Bitcoin Cash crypto currency network.
The assessment was made on purses never unused since 2013.
The lost bitcoins in the world are more than 3 million pieces, as many beforehand lost coins of the Bitcoin Cash crypto currency network.
The assessment was made on purses never unused since 2013.
I know one thing very well - inflation in fiat currencies is enormous! Even in strongest economies like US, EU and Japan there are certain figures of inflation. And bitcoin inflation is very small actually.
Inflation is everywhere. I thought at first that it is a rare phenomena but since I am in a networking marketing business I learned that it is all but natural. Based on what I have learned it is about 3% increase on prices or in other words 3% decrease on the value in money. Nevertheless, cryptocurrency since it is widely accepted in the whole world it also undergone inflation. By understanding this concept it will be able to revolutionize people's knowledge of trading them and using cryptocurrency as mode of payment for their benefit. So must study this case further for the benefit of all of us.
I believe that in the long run, nothing should be expected of him. He, in some ways, already a dinosaur crypt, the technology has long gone ahead.
I do not seem to understand a thing here 
According to me Inflation of devaluation of currency which is centralize in nature, Here we are talking about Crypto currency Now question arises how inflation effect value of bitcoins.
Here i will take one example to support my way of thinking.
In earlier years when price of bitcoin was about 100 USD to 500 USD in between, if somebody joined signature campaign at that time, they would get more bitcoins as compare to present time. I knew at that time value for legendary member for Signature campaign was 0.04 BTC but now a days it is average 0.01 BTC per week, here you can imagine how inflation in crypto works. people are getting less bitcoins but they are getting same amount of USD as they were getting in 2013
Here i will take one example to support my way of thinking.
In earlier years when price of bitcoin was about 100 USD to 500 USD in between, if somebody joined signature campaign at that time, they would get more bitcoins as compare to present time. I knew at that time value for legendary member for Signature campaign was 0.04 BTC but now a days it is average 0.01 BTC per week, here you can imagine how inflation in crypto works. people are getting less bitcoins but they are getting same amount of USD as they were getting in 2013
Bitcoin has a controlled supply of 21 million. After these many bitcoins are mined, the only transaction fee will be given as a reward. As there is a limit cap, inflation by suddenly increasing the volume is not going to happen.
Talking about the price of bitcoin, no one is Omniscient who can tell its price a particular time. Looking at the bitcoin chart from the past, the price has seen many ups and downs with time. This is because of the market forces. Even because of this curvy nature, bitcoin price is expected to increase with time. But as bitcoin is divisible up to 8 decimals, people can buy small fractions of it. So, even if the price increases, it is going to be reachable to all the classes of the society.
Talking about the price of bitcoin, no one is Omniscient who can tell its price a particular time. Looking at the bitcoin chart from the past, the price has seen many ups and downs with time. This is because of the market forces. Even because of this curvy nature, bitcoin price is expected to increase with time. But as bitcoin is divisible up to 8 decimals, people can buy small fractions of it. So, even if the price increases, it is going to be reachable to all the classes of the society.
Bitcoin inflation is a good thing to happen, many would be happy if that happens, but when it comes to time, we cant stop time if it comes, So there's a time may the bitcoin inflates or not.
i believe bitcoin is the future's money!
Traditional economics argues that some inflation is good for the economy. But is it really good? Or have we been told this story just so that it is easier for governments to inflate their debts away. After all, inflation works to the benefit of borrowers.
THE CHART CLEARLY STATES THE INFLATION IN MONETORY CURRENCY IS GETTING DEC BY TIME AND INC IN THE BITCOIN OR DIGITAL CURRENCY. THIS IS THE ALTERNATIVE TO THE PAPER MONEY DIGITAL CURRENCY IS THE CURRENCY OF THE NEXT GENERATION. DIGITAL CURRENCY IS SURELY GOING TO CHANGE THE PAPER MONEY.
Another useful thread, thank you.
WOW, this was an old post, and it becomes true. As a holder, I believe this chart.
I hope Bitcoin price will reach $50.000 soon.
I hope Bitcoin price will reach $50.000 soon.
BitCoin is the Most Amazing Currency At the Moment
Ok, I am not exactly sure how this works, so please excuse my ignorance.
Would it not be possible to bring online with new technology some mining rigs that do Petahash/s(PT/s) soon? and after that... the machines catch up to and surpass the difficulty level?
So Bitcoin was inherently created to only give out so many BTC based on TIME not difficulty??
So even if we find ourselves with a machine that can do 600000000000 MHash/s it would still take 127 years?
Just saw this. Wow
Nice explanation to the digital currency
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