Bitcoin the inflation killer :-> | Bitcointalksearch.org

Vaculin

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Quote from: TitanGEL on January 27, 2019, 10:27:47 AM

I read many news all over internet about the countries that are experiencing hyperinflation. I found out that they are using bitcoin to overcome the problem that they keep facing in their economy and society. In bitcoins, deflation is happening and not inflation.

Venezuela was one of them, they use to mine crypto for their needs because the electricity is cheap.
Some also invested their money in crypto to combat hyper inflation and they did the right idea, their government cannot control inflation
but the crypto world is a big and will develop, so they will be save by crypto.

pawanjain

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Nothing lasts forever

Well it might sound like an inflation killer and you were really lucky that you obliterated your investment at the right moment. Many people including myself weren't that fortunate to have sold a few coins when the price of bitcoin was high. I am not so worried though for I know that bitcoin will be back in the bull run in the next few years. I guess it has been a pattern for bitcoin to fluctuate in this way.
Although the price of bitcoin is low now, but still it will be an ideal investment if you plan out to tackle the inflation. Even if we invest now I am pretty sure that we will be able to make out at least more than 15% of the investment which is again a profitable investment if we are planning to kill the inflation rate.

TitanGEL

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I read many news all over internet about the countries that are experiencing hyperinflation. I found out that they are using bitcoin to overcome the problem that they keep facing in their economy and society. In bitcoins, deflation is happening and not inflation.

babarian

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Inflation that occurs in bitcoin is indeed a killer for some people, but for others, inflation is one of the benefits as a strategy to increase investment.

.gustafson

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Yes, I like Bitcoin for it. Therefore, I like this alternative to using cryptocurrency in everyday life. This will solve many problems at once. The whole economy is not perfect at the moment and Bitcoin can solve these problems!

munareal

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Bitcoin is just like gold in its deflationary feature. Bitcoin's purchasing power increases over time for its inflation rate is created to mimic gold’s stable inflation rate.

Ranly123

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Quote from: Ucy on January 26, 2019, 04:46:14 PM

I was a bit lucky too with the market... I invested when Bitcoin was 750—1000 dollars.
Almost withdrew sizable amounts of money from my fiat savings to buy and hold some coins back then. It was better option than having all my savings in my local bank account doing nothing for me.

I just hope this current market does not continue like this for a long time

Lucky for you to have invested from that amount. As for me, I just joined when the price is at $2k last 2017 so I just have a little time to study and learn more about Bitcoin. But at least have rode the previous bullrun and now another wait for the next one.

indrakusumaindra

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The Standard Protocol - Solving Inflation

Quote from: willramis on September 20, 2018, 05:01:59 AM

I think what you are saying is very controversial. Yes, Bitcoin by nature is a deflater, but still it is not widespread as the usual fiat money. Plus its legal status is still under question in many countries and jurisdictions. I am optimistic about future of cryptocurrency, not sure about Bitcoin though.

Yes its true and also i believe there is many people whom are not unfotunate and buy bitcoin at high price which make them lose money instead.

Borocoin

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Bitcoin= Inflation and deflation killer

Ucy

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Bisq is a Bitcoin Fiat Dex. Use responsibly

I was a bit lucky too with the market... I invested when Bitcoin was 750—1000 dollars.
Almost withdrew sizable amounts of money from my fiat savings to buy and hold some coins back then. It was better option than having all my savings in my local bank account doing nothing for me.

I just hope this current market does not continue like this for a long time

deisik

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Quote from: daarul50 on January 25, 2019, 02:56:11 PM

Quote from: Gagah119 on January 24, 2019, 08:33:13 PM

I think bitcoin has not fulfilled the criteria as an inflation killer because the price of bitcoin has not been stable until now, the only thing that can kill inflations is gold because its value has never decreased.

Maybe you've never seen history from a gold chart. before bitcoin inflation occurs, gold actually experiences inflation. Bitcoin is only a few years old while gold has been in the investment world for decades, so I say it is fair to have price volatility because even the price of gold is always moving even though its movements tend to be stable compared to bitcoin

You are looking at only one side of the equation

With Bitcoin it doesn't matter much because the other side, i.e. the US dollar, is by far less volatile than Bitcoin and its volatility can be safely discarded for most practical intents and purposes. But this is not the case with gold simply because gold is even more stable than the dollar (let alone Bitcoin). So when talking about gold volatility you should always keep that factor in mind. Simply put, in the majority of cases it is actually the volatility of the dollar in the change of gold price as gold is priced in dollars, not gold itself

BitHodler

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Quote from: Thanasis on January 25, 2019, 02:52:45 AM

Price of gold also decreased in the history so nothing in this world a stable with prices so the difference between fiat currency and the cryptocurrency the fiat currency always losing the value but the cryptocurrency depends on the market condition so it is the real value of the cryptocurrency at the particular time it is not created or valued by anyone.

Everything that's subject to speculation is volatile (even fiat currencies), the only difference is the degree of volatility. Bitcoin happens to be an illiquid asset, but with more legacy players entering the volatility will decrease significantly.

If we look at gold's market, it is in the very top of the most liquid assets in the world, which directly explains why the price movements are peanuts compared to Bitcoin. Give Bitcoin a decade or two and it will be up there.

By the time Bitcoin is stable and very liquid, you can be sure that most of the upwards potential is gone just like gold. Gold won't miraculously double in value from here, people anticipate on single digit % movements and leverage them.

usorin

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Quote from: Kakmakr on September 20, 2018, 01:58:27 AM

In my country the inflation rate averaged between 1% to 3% per year over the last 5 years. So whatever investments I had to make, I had to beat inflation for me to say that I am moving forward.

I am one of the fortunate people who invested in Bitcoin, when the price was around $400 per coin. Since then I have been smashing inflation on my investments made into Bitcoin.

In 2017 I obliterated inflation and I sold some coins, which was re-invested into other investments that also beat inflation. I can with all honesty say, that I am not bothered with inflation, even if it goes up to 100% for the next few years.

Let's celebrate the fact that Bitcoin enabled us to beat inflation for the last couple of years. Grin

I am glad that you are in such a good investitional.situation, it is true that if you want success you have to risk a nit, regarding the 100% inflation it is a nightmare so be careful what you wish, with such an inflation everything around has almost no value , so that would be a nightmare. Keep it going with the good investments.

daarul50

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Quote from: Gagah119 on January 24, 2019, 08:33:13 PM

I think bitcoin has not fulfilled the criteria as an inflation killer because the price of bitcoin has not been stable until now, the only thing that can kill inflations is gold because its value has never decreased.

Maybe you've never seen history from a gold chart. before bitcoin inflation occurs, gold actually experiences inflation. Bitcoin is only a few years old while gold has been in the investment world for decades, so I say it is fair to have price volatility because even the price of gold is always moving even though its movements tend to be stable compared to bitcoin.

MTVuser07

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Quote from: tinkerr10 on January 25, 2019, 01:43:14 PM

The point is not specifically in Bitcoin. He is not an "inflation killer." You just invested in time in the desired project, which turned out to be Bitcoin. But this will not save your or someone else's country from inflation.

I completely agree. Bitcoin itself is just a tool. And how he changes something depends on people. To invest something successfully and to think that this "will change the world" is naive.

tinkerr10

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The point is not specifically in Bitcoin. He is not an "inflation killer." You just invested in time in the desired project, which turned out to be Bitcoin. But this will not save your or someone else's country from inflation.

Huskarls

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yes maybe that is because the policies of each country, my country, bitcoin and crypto are not overlooked by economic experts here so that it only becomes a term, although quite a lot of people enter it, from here I know Crypto has absolutely no effect whether it's inflation or deflation. All economy in here didn't care at all what happened in crypto realm

Thanasis

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Quote from: Gagah119 on January 24, 2019, 08:33:13 PM

I think bitcoin has not fulfilled the criteria as an inflation killer because the price of bitcoin has not been stable until now, the only thing that can kill inflations is gold because its value has never decreased.

Price of gold also decreased in the history so nothing in this world a stable with prices so the difference between fiat currency and the cryptocurrency the fiat currency always losing the value but the cryptocurrency depends on the market condition so it is the real value of the cryptocurrency at the particular time it is not created or valued by anyone.

bangkit tri

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Quote from: Valhalaa on January 24, 2019, 09:30:51 PM

Quote from: Tory-Tory on September 22, 2018, 05:57:28 AM

Quote from: Kakmakr on September 20, 2018, 01:58:27 AM

In my country the inflation rate averaged between 1% to 3% per year over the last 5 years. So whatever investments I had to make, I had to beat inflation for me to say that I am moving forward.

I am one of the fortunate people who invested in Bitcoin, when the price was around $400 per coin. Since then I have been smashing inflation on my investments made into Bitcoin.

In 2017 I obliterated inflation and I sold some coins, which was re-invested into other investments that also beat inflation. I can with all honesty say, that I am not bothered with inflation, even if it goes up to 100% for the next few years.

Let's celebrate the fact that Bitcoin enabled us to beat inflation for the last couple of years. Grin

You know, inflation is not terrible. Even putting money in the bank, buying bonds and other, in most countries will allow to exceed inflation. Bitcoin will help to resolve the issue of devaluation of the local currency. I think that the situation in Venezuela, Turkey, Argentina, Russia, Ukraine will be a good example.

I don't think whether bitcoin is an inflaction killer because bitcoin itself cannot be predicted where it will go, the government has not yet taken any steps because there will be major / major economic changes and can be very detrimental to many people involved

I think the rich are getting richer with the presence of bitcoin, in 2017, many rich people were suddenly, so they were not affected by inflation from outside. besides that with inflation I don't think it affects the btc movement directly

Valhalaa

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Quote from: Tory-Tory on September 22, 2018, 05:57:28 AM

Quote from: Kakmakr on September 20, 2018, 01:58:27 AM

In my country the inflation rate averaged between 1% to 3% per year over the last 5 years. So whatever investments I had to make, I had to beat inflation for me to say that I am moving forward.

I am one of the fortunate people who invested in Bitcoin, when the price was around $400 per coin. Since then I have been smashing inflation on my investments made into Bitcoin.

In 2017 I obliterated inflation and I sold some coins, which was re-invested into other investments that also beat inflation. I can with all honesty say, that I am not bothered with inflation, even if it goes up to 100% for the next few years.

Let's celebrate the fact that Bitcoin enabled us to beat inflation for the last couple of years. Grin

You know, inflation is not terrible. Even putting money in the bank, buying bonds and other, in most countries will allow to exceed inflation. Bitcoin will help to resolve the issue of devaluation of the local currency. I think that the situation in Venezuela, Turkey, Argentina, Russia, Ukraine will be a good example.

I don't think whether bitcoin is an inflaction killer because bitcoin itself cannot be predicted where it will go, the government has not yet taken any steps because there will be major / major economic changes and can be very detrimental to many people involved

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