Bitcoin is not practically a solution to inflation because price is not stable and it does not always rise.
Well, inflation is a bad thing because the value of your money is consistently going down and some are just really taking risk to put their money in bitcoin hoping it will save them, but it does not happen automatically especially nowadays that we are still experiencing big correction.
Topic: Bitcoin and Inflation - page 3. (Read 1189 times)
Only a controlled economy can be spared from inflation (though this is also debatable). In an open market like we are enjoying right now, inflation is a matter of fact and is part of the reality of life. Nobody is immune from the power of inflation.
Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.
Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?
There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.
I think we should not play risks. Because when you buy BTC or other altcoins, it is still affected by the external financial market and its price still falls. I think it will not help us keep the value of our money.Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.
Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?
There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.
Instead of investing in electronic money, let's invest in gold or real estate. these are assets that keep your money's value and even increase every year.
I think Bitcoin may be categorised under something that can experience inflation only when it's being accepted to be used as an official currency. But currently, it isn't an official currency and so the community decides what one BTC costs and if you need to buy something with it, it's just converted to the native official currency.
Only a controlled economy can be spared from inflation (though this is also debatable). In an open market like we are enjoying right now, inflation is a matter of fact and is part of the reality of life. Nobody is immune from the power of inflation.
Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.
Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?
There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.
First you say Nobody is immune from the power of inflation, and I consider it right. In my opinion Cryopto will push inflation to the highest level because there is no one party control on supply and demand, we know the cause of inflation and in this case all users who hold crypto can make inflation happen, which is where users is come from all over the world. Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.
Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?
There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.
Only a controlled economy can be spared from inflation (though this is also debatable). In an open market like we are enjoying right now, inflation is a matter of fact and is part of the reality of life. Nobody is immune from the power of inflation.
Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.
Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?
There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.
Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.
Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?
There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.
That's is the real strategy of manufacturer when the inflation are affected to all commodity they are not go with it. they would really stay the normal and a usual equivalent but they will adjust the little quantity and of course not too much far the quality to prevent less orders. for Bitcoin inflation is because of limited stocks. many people are holdings and set aside for future investment.
Only a controlled economy can be spared from inflation (though this is also debatable). In an open market like we are enjoying right now, inflation is a matter of fact and is part of the reality of life. Nobody is immune from the power of inflation.
Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.
Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?
There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.
Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.
Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?
There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.
That's is the real strategy of manufacturer when the inflation are affected to all commodity they are not go with it. they would really stay the normal and a usual equivalent but they will adjust the little quantity and of course not too much far the quality to prevent less orders. for Bitcoin inflation is because of limited stocks. many people are holdings and set aside for future investment.
I think inflation happen because central banks always flooding market with new supply of money. Bitcoin have limited supply and its hard for creating inflation from it. Central banks flooding money in market because government want growth on their economic and its a normal as its maintained well
I believe bitcoin can be a good way to control the inflation but still it is not always has a good luck for everyone. The only group of people that has an advantage on the greater side of bitcoin are those who are capable to hold the price and those who are early adopters.
The bull run is a good hope but to combat the inflation but a bad luck to others who don't have the will to hold it when the bearish attack.
most people experience panic when there is a bearish attack, so this even worsens the condition, because it will cause prices to continue to decline. To maintain BTC is not easy, because many factors influence, especially news that is a scourge for them. therefore self-confidence becomes very important The bull run is a good hope but to combat the inflation but a bad luck to others who don't have the will to hold it when the bearish attack.
Only a controlled economy can be spared from inflation (though this is also debatable). In an open market like we are enjoying right now, inflation is a matter of fact and is part of the reality of life. Nobody is immune from the power of inflation.
Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.
Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?
There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.
so meaning that cryptocurrency is not being controlled. Well I will not agree because market has drop due to the correction process but I do not really see if it is really a correction or just founders being greedy. They are not held liable for now for any crashes because cryptocurrency is not yet regulated through governments all over the world. Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.
Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?
There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.
I believe bitcoin can be a good way to control the inflation but still it is not always has a good luck for everyone. The only group of people that has an advantage on the greater side of bitcoin are those who are capable to hold the price and those who are early adopters.
The bull run is a good hope but to combat the inflation but a bad luck to others who don't have the will to hold it when the bearish attack.
The bull run is a good hope but to combat the inflation but a bad luck to others who don't have the will to hold it when the bearish attack.
Inflation only affects the fiat currency we use daily most of the time. It doesn't really affect things like gold for example and Bitcoin has been a commodity like gold for a while now so we can clearly say that inflation does affect bitcoin but in a positive manner. So, if 1000 dollars today worth 1500 dollars in 10 years for purchasing power that means 4000 dollar worth of bitcoin would worth 6000 dollars in dollars because of the dollar devaluing.
Since, dollar drops in value the bitcoin price goes up accordingly, inflation is not something bitcoin is immune to, it does have a part in bitcoin world but thankfully it is in a good way. We could consider how the gold prices increase over the years as a similar path for bitcoin, of course not exactly the same because they are vastly different stuff but for the purposes of inflation they are effect exactly the same.
Since, dollar drops in value the bitcoin price goes up accordingly, inflation is not something bitcoin is immune to, it does have a part in bitcoin world but thankfully it is in a good way. We could consider how the gold prices increase over the years as a similar path for bitcoin, of course not exactly the same because they are vastly different stuff but for the purposes of inflation they are effect exactly the same.
Inflation doesn't affect Bitcoin directly but it DOES indirectly.
As there is still a trading pair of BTC/USD this affection is inevitable. I have seen that when a currency is inflated then people turn to the cryptocurrency market and they buy BTC. (remember what happened in Turkey, summer 2018). Bitcoin is not inflated but as long as Fiat is inflated then Crypto markets behave accordingly every time inflationary trends appear.
Inflation only affects the fiat currency we use daily most of the time. It doesn't really affect things like gold for example and Bitcoin has been a commodity like gold for a while now so we can clearly say that inflation does affect bitcoin but in a positive manner. So, if 1000 dollars today worth 1500 dollars in 10 years for purchasing power that means 4000 dollar worth of bitcoin would worth 6000 dollars in dollars because of the dollar devaluing.
Since, dollar drops in value the bitcoin price goes up accordingly, inflation is not something bitcoin is immune to, it does have a part in bitcoin world but thankfully it is in a good way. We could consider how the gold prices increase over the years as a similar path for bitcoin, of course not exactly the same because they are vastly different stuff but for the purposes of inflation they are effect exactly the same.
Since, dollar drops in value the bitcoin price goes up accordingly, inflation is not something bitcoin is immune to, it does have a part in bitcoin world but thankfully it is in a good way. We could consider how the gold prices increase over the years as a similar path for bitcoin, of course not exactly the same because they are vastly different stuff but for the purposes of inflation they are effect exactly the same.
Inflation is really the threat of all humanity. And now it is taking place day by day in the regions of the world. It is difficult to control inflation, it is happening with real money, Bitcoin can also be inflation if you use the wrong purpose, the law. So to avoid that situation, you should invest and spend bitcoin reasonably and appropriately.
inflation cannot be controlled by everyone because inflation is already a decision or a change that occurs in money. both our country's and other country's money. so if other countries experience inflation, it is likely that our country will also experience it.
whether the effects of mining in China on bitcoin inflation continue to run, this will make a long journey in some time and it is possible that the crypto community will remain focused on their efforts in building crypto projects that are real useful for the products they sell on the blockchain mechanism.
the only inflation in bitcoin is related to the supply which keep increase up to 2140, but from 2030 you can already avoid counting that
Most of the new mined BTC coins is likely to be in the hands of Chinese mining pools. They have a lot of ASICs and add the majority of blocks to the Bitcoin blockchain.
About 16 million BTC coins have already been mined. Another 5 million BTC coins will be mined in the future. A small circle of rich people probably will concentrate a large amount of coins in their Bitcoin-addresses, so this situation may lead to price manipulation on crypto exchange markets.
In my opinion, Bitcoin inflation is still high. The miners receive 12.5 BTC for each mined block.
isn't it if bitcoin experiences inflation that is a good thing? it can benefit many investors, isn't inflation in bitcoin the thing that is expected by investors, and if you look at the total supply and halving system then bitcoin will continue to experience inflation because the number of requests will exceed the bitcoin inventory limit, bitcoin is different from other commodities when experiencing inflation in bitcoin enthusiasts continues to grow
Bitcoin has not swelled. This is an independent coin. Only traditional coins will swell. Bitcoin will be scarce in the future and its price will become more and more expensive. Inflation may only belong to traditional currencies because traditional currencies are abused by politicians.
It is not, because we never know how many coins is lost that year. If none is lost then yes it is predictable. You divide number of freshly issued coins with all coins in existence. But to get real inflation you need to divide with only all available coins. Not the ones that people lose private keys. And there is lots and lots of such.
Technically speaking, coins aren't really lost so it doesn't make much sense to discard them. Coins are lost because people don't see them move, but they can at any later point, and it actually happens frequently.In 2017 we have seen very old wallets that were claimed to consist of lost coins suddenly have started to show signs of life again, and it happens even till where we are today with the bear market.
I have seen discussions where people wonder why some of these coins haven't been moving during the all time high last year, but are being utilized right now. It could have 1001 different reasons why these wallets are active now.
I don't even consider Satoshi's coins to be lost. They aren't moving, but there may still be someone or a group holding the private keys of the individual 50BTC block reward addresses.
Alreary bitcoin rising up. As soon btc his highest value like as $20000. Beginning the next year btc pump. So it effect inflation and deflation. last 6 month bitcoin price going down. Many agency says that now they saw green line for btc.
Inflation and how Cryptocurrencies approached it:
https://coincodex.com/article/2770/how-cryptocurrencies-approach-inflation/
https://coincodex.com/article/2770/how-cryptocurrencies-approach-inflation/
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