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Topic: Bitcoin the inflation killer :-> (Read 717 times)

hero member
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Winding down.
January 27, 2019, 10:33:06 PM
#73
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.
hero member
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January 27, 2019, 09:33:11 AM
#72
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.
sr. member
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January 27, 2019, 09:27:47 AM
#71
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.
full member
Activity: 658
Merit: 100
January 27, 2019, 07:54:16 AM
#70
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.
newbie
Activity: 65
Merit: 0
January 27, 2019, 05:17:08 AM
#69
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!
full member
Activity: 644
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January 27, 2019, 02:31:02 AM
#68
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.
full member
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January 26, 2019, 05:50:18 PM
#67
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.
full member
Activity: 728
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The Standard Protocol - Solving Inflation
January 26, 2019, 04:28:48 PM
#66
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.
copper member
Activity: 120
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January 26, 2019, 04:20:02 PM
#65
Bitcoin= Inflation and deflation killer Smiley
Ucy
sr. member
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January 26, 2019, 03:46:14 PM
#64
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
legendary
Activity: 3514
Merit: 1280
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January 26, 2019, 03:12:52 AM
#63
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
legendary
Activity: 1526
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January 25, 2019, 06:20:49 PM
#62
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.
hero member
Activity: 1134
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January 25, 2019, 02:40:51 PM
#61
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.
legendary
Activity: 1596
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January 25, 2019, 01:56:11 PM
#60
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.
newbie
Activity: 33
Merit: 0
January 25, 2019, 01:20:45 PM
#59
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.
newbie
Activity: 31
Merit: 0
January 25, 2019, 12:43:14 PM
#58
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.
member
Activity: 364
Merit: 10
January 25, 2019, 12:23:17 PM
#57
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
hero member
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January 25, 2019, 01:52:45 AM
#56
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.
full member
Activity: 532
Merit: 101
January 24, 2019, 11:57:17 PM
#55
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
copper member
Activity: 546
Merit: 1
January 24, 2019, 08:30:51 PM
#54
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
jr. member
Activity: 295
Merit: 1
January 24, 2019, 07:33:13 PM
#53
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.
member
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November 22, 2018, 02:06:52 AM
#52
That is true because, again, you have the forethought of investing in crypto currency when it was just 400 USD. Now you're realin the rewards for such a move. But i think the market is affecting even crypto currency. But then again, I'd think technologies are placed so that these shouldn't happen to us again.
if the market is like last year, of course this will kill inflation, but now the price is undergoing a long correction, so many are experiencing a decline in assets, and many are frustrated at this time
Well, sorry the market is not like last year, but even at that, it has not changed the fact of it being an inflation killer. Anyone who entered the market should know this is a very new market, and there will always be possibilities to see some of these things get to happen as the case may be. However, if you are too much focused on what is happening now, you will most definitely miss the sight of what is to come in the future. If you understand the potential of what you are holding, then you will most definitely know better.
full member
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November 19, 2018, 06:04:09 AM
#51
bitcoin the killer of inflation, the nickname is now incompatible with bitcoin which is increasingly falling and may die in the near future.
full member
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November 19, 2018, 02:40:43 AM
#50
Sure it can be but lot of people don't have enough patience to wait to beat that inflation through their profits they will just buy and sell at the wrong time which results in the huge loss among many new traders who invested at this bear run.I am not seeing bitcoin as an inflation killer tool but if people can make their moves at their right time they can be as well.
Exactly, bitcoin can only be an inflation killer only if they adopted this technology and stay in this market with a lot of patience. The investors are being impatient maybe because of the first impression they have with regards to cryptocurrency, they think this market is the easiest way to make money.

Some countries are really experiencing a huge rate of inflation, and right now Venezuela is suffering from the so called hyper inflation. Maybe bitcoin can't kill that one literally but if Venezuela continues to support cryptocurrency, positively they can survive on that crisis.

Cryptocurrency is one call a way to help one economy, and if every country will adopt this technology we can expect a less inflation with a great economy. Time will come for this, let's all have more patience and enjoy this red market! Smiley
full member
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November 19, 2018, 12:49:26 AM
#49
That is true because, again, you have the forethought of investing in crypto currency when it was just 400 USD. Now you're realin the rewards for such a move. But i think the market is affecting even crypto currency. But then again, I'd think technologies are placed so that these shouldn't happen to us again.
if the market is like last year, of course this will kill inflation, but now the price is undergoing a long correction, so many are experiencing a decline in assets, and many are frustrated at this time
full member
Activity: 476
Merit: 100
November 18, 2018, 10:36:06 PM
#48
That is true because, again, you have the forethought of investing in crypto currency when it was just 400 USD. Now you're realin the rewards for such a move. But i think the market is affecting even crypto currency. But then again, I'd think technologies are placed so that these shouldn't happen to us again.
full member
Activity: 686
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November 05, 2018, 01:59:33 AM
#47
yes, because bitcoin is not affected by the state of the world economy, and bitcoin also has the same exchange rate globally so it can kill inflation. so the Iran countries also began to see crypto use more efficiently.
sr. member
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November 05, 2018, 01:48:36 AM
#46
Sure it can be but lot of people don't have enough patience to wait to beat that inflation through their profits they will just buy and sell at the wrong time which results in the huge loss among many new traders who invested at this bear run.I am not seeing bitcoin as an inflation killer tool but if people can make their moves at their right time they can be as well.
newbie
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November 05, 2018, 01:46:45 AM
#45
We can beat inflation as the price of bitcoin increases more strongly than inflation, but it can not be certain how bitcoin will increase.
sr. member
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November 05, 2018, 01:37:39 AM
#44
bitcoin is the inflation killer is the truth and that can be proved, for example, compare the value of bitcoin and fiat money from 2009 until now, which one has a higher inflation rate through how many items can be obtained on 2009 and now
No, I do not think so Bitcoin has any affect on the price of other products as we know that it is a digital currency and and everything has its own demand rates. Other currencies will also go up or down according to what and how much the market is demanding so we must take it besides the Bitcoin. Products prices are controlled by government of a country how they handle things they know better but I think it has nothing to do with Bitcoin.
hero member
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September 28, 2018, 04:36:41 AM
#43
There are a lot of investments which have managed to beat inflation, but Bitcoin may not be necessarily one of them. The reason I say that is we do not have enough data. You cannot conclude that basis Bitcoin's price increase in 2017.
Equities, when you look at it over a period of time (decades) definitely has given returns higher than inflation.
Definitely there are also other investments which help to beat inflation.But not like bitcoin which on one hand beats inflation and on the other hand also gives very huge returns which other assets fail to give.
full member
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September 28, 2018, 03:18:04 AM
#42
It can be the Inflation killer, as long as Countries will embrace blockchain technology. It would be of great help to the economy if faster transactions and fast innovations will work. And importantly, people should be informed well about it so that everyone will follow.
full member
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September 28, 2018, 02:44:24 AM
#41
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
It’s good to always invest your money in assets like this, they can help you to escape such situations. Same thing is happening in my country and inflation keeps rising everyday, but due to I have my money invested in a lot of things including cryptocurrencies, I have been able to survive it and never complain while others keep on complaining that things are really bad. Bitcoin helped a lot.
hero member
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September 27, 2018, 05:03:07 AM
#40
We can beat inflation if bitcoin/altcoin prices rise. Otherwise, we only try to beat breakeven  Grin Generally speaking, unconventional assets tend to bring higher rates of return while facing higher risk.
inflation is indeed the most feared by every society they try various ways to save money into several forms to avoid inflation, but for developing countries gold may be the choice of favorite to save their money, but for developed countries can allocate funds in the form of bitcoin more profitable because of a decentralized system and the possibility that in the future it has the potential to become a global currency so that many entrepreneurs allocate money funds in bitcoin.
Well, as far as deflationary is concerned, it makes the idea of inflation becomes a forgotten story, but that does not mean it does not have its own flaws as well as this usually in the long run encourages hoarding instead of supply being circulated and getting to see spending.

It could become a currency in the long run, but this would be an option for everyone as I believe it will always go hand in hand with fiat, except that this time around, real believers understand the benefit it brings for them in the long run when it comes to destroying inflation from their lives.
newbie
Activity: 155
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September 27, 2018, 04:09:52 AM
#39
wow! good for you coming in so early, your point of view applies very well on what happened to the market the last few years and saying that bitcoin will beat the inflation in most countries will depend mostly on what will happen in the future.
hero member
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September 27, 2018, 02:36:17 AM
#38
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
Grin There is actually a whole lot to celebrate and that shows the extent at which this space is beneficial a whole lot to people and the reason why I am sure the likes of Zimbabweans hopped into the crypto space to have made the price shoot more than the normal market price.

Honestly, I feel you a lot on this as I can relate and I must say since I decided to put my stash into bitcoin and just very little into fiat based on how inflation has always be killing things, I made the best decision to kill the inflation itself in my life.
legendary
Activity: 3052
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September 24, 2018, 02:40:49 PM
#37
I live in Russia. I so distrust the ruble and my government that I am ready to keep all the savings in bitcoins. I often buy up a crypto currency, but I would do it much more often if there was a convenient and fast exchange
You are not alone bro. I am in a part of the world in which inflation has generally become a norm and then you tend to ask yourself the questions why things should be that way, but all in the name of bad policies, we tend to see the government scattering everything, coming up with some policies that would always affect the people in general and this has really brought about some crazy level of distrust over time in the system of governance and the general banking system, which I believe having to make the decision to put some of my funds in bitcoin over the years, has really brought about a better change in my life than over the years that I have been saving in fiat.
hero member
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September 24, 2018, 03:02:27 AM
#36
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

This is very true whichever country you belong to inflation is there, gone are the days where you could buy a property, or keep your money in bank and be happy you beat inflation. These days none of the assets we have matches the returns of Bitcoins, plus you're lucky to see inflation of up to 3% many countries have it higher, so a good part of the income goes into paying taxes, other gets eaten by inflation. There is no doubt in my mind that bitcoins returns, not only beat inflation but help you keep secured for many years to come provided you know when to buy, hodl and sell your coins.
member
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September 24, 2018, 02:57:24 AM
#35
bitcoin is the inflation killer is the truth and that can be proved, for example, compare the value of bitcoin and fiat money from 2009 until now, which one has a higher inflation rate through how many items can be obtained on 2009 and now
member
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September 24, 2018, 01:28:56 AM
#34
I live in Russia. I so distrust the ruble and my government that I am ready to keep all the savings in bitcoins. I often buy up a crypto currency, but I would do it much more often if there was a convenient and fast exchange
newbie
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September 23, 2018, 08:25:44 PM
#33
We can beat inflation if bitcoin/altcoin prices rise. Otherwise, we only try to beat breakeven  Grin Generally speaking, unconventional assets tend to bring higher rates of return while facing higher risk.
inflation is indeed the most feared by every society they try various ways to save money into several forms to avoid inflation, but for developing countries gold may be the choice of favorite to save their money, but for developed countries can allocate funds in the form of bitcoin more profitable because of a decentralized system and the possibility that in the future it has the potential to become a global currency so that many entrepreneurs allocate money funds in bitcoin.
full member
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September 23, 2018, 08:05:23 PM
#32
The inflations here where I lives are also around or less than 1% acceding to the government. I’m not sure how they get those numbers. But prices of everyday things are going up with 3-5% a year, gas prices are up 10% or more this year and so are meat and a lot of others everyday necessaries.
But as long as the price of a new car,  TV and all those nice gadgets you can buy keeps falling or not rising in price, the official inflations isn’t going up.
I think in the years to come, that Bitcoin prices will keep going up; also in the countries where people now think the inflations are under control.
full member
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September 23, 2018, 06:20:53 PM
#31
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.

Why are you talking about Ukraine? This is a country in General in a very difficult situation.Their national currency, against the dollar fell 3 times in 2015-2016. The standard of living has deteriorated. I don't think you set a good example. It's not inflation that kills and the government is driving its country into debt.
newbie
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September 23, 2018, 02:47:10 PM
#30
There are a lot of people who bought Bitcoin at ATH. Bitcoin ideally is not an inflation killer but the idea of immutable un-confiscatable trustless and borderless etc... is much more prominent than the idea of beating the inflation. That could also work if it is timed correctly.
legendary
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September 23, 2018, 02:40:04 PM
#29
Yes, we must beat inflation always but we should not focus on that, its better to have your target profit in this market, and win more later on. Inflation will continue to rise every year, so make your investments worth it.
How can you not focus on something that's so important? It's impossible for me to put aside as if it's not of any importance. I'm constantly battling against inflation, even when I'm not actively battling against it directly.

It's impossible to have any profit targets in this or basically any market. If it was that easy people wouldn't be losing continuously. The only worthwhile way to counter inflation is to hodl something that has the potential to increase.

In my case that's Bitcoin, but if we look at stocks overall, and especially the tech industry, it would have been a fantastic long term bet years ago. Right now I'm not sure how interesting stocks are with a looming correction.

Nothing goes up in value endlessly. The correction will happen.
legendary
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September 23, 2018, 08:57:06 AM
#28
Honestly this happened to me just recently. Dollar gained value and my country got a bit more expensive but thanks to bitcoin price being higher according to dollar price than all of a sudden even though life got more expensive here, I got more money to cover that as well.

Overall due to my country's economic state, now I am spending more but making more as well. There will be no point of debating good or bad but bitcoin proved its worth of holding it.

Inflation did happened for other people but for me it was just numbers going up from the both sides. If you keep bitcoin at bay all the time than you will not have any problem covering the inflation problems all by the increase of the price when it happens. Bitcoin goes up when dollar devalues.
member
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September 22, 2018, 09:11:15 PM
#27
Bitcoin is new monetary model and it can not controlled by any authorities. Its like a store of value with limited supply. I am believe if we keep our money in bitcoin, our purchasing power not decreasing in asset value because bitcoin growth more than inflation rate
full member
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September 22, 2018, 06:04:33 PM
#26
We cannot stop inflation frim rising, in my place 6% is the inflation rate and its hard now to spend your money. Yes, we must beat inflation always but we should not focus on that, its better to have your target profit in this market, and win more later on. Inflation will continue to rise every year, so make your investments worth it.
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September 22, 2018, 03:49:36 PM
#25
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

If this economic inflation belongs to you, yes it will help you. There are billions of people in the world who are like you, but haven't Bitcoin. If we consider economic inflation for the world, I don't see it as a solution because of Bitcoin has a limit. No doubt Bitcoin is superior to paper money, but I don't see it as a solution.
legendary
Activity: 2170
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September 22, 2018, 03:00:43 PM
#24
You know, inflation is not terrible. Even putting money in the bank, buying bonds and other, in most countries will allow to exceed inflation.

It's not really worth it like that. At best you'll outperform inflation marginally, which is just an utter waste of time in my opinion. Bitcoin in just a matter of years has wiped out hundreds years worth of inflation, and that was just a glimpse of what power hides inside its massive long term potential.

I'm obviously heavily biased towards Bitcoin, but that's not without a reason. I strongly believe that people will be able to obtain more financial freedom than ever before even if they allocate just 10% of their net worth to Bitcoin. As extra people can always have fiat saved up in their bank account and some of it invested in bonds or index funds. You don't have to choose when you can have multiple allocations at the same time.
full member
Activity: 364
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September 22, 2018, 02:36:43 PM
#23
I would not call it so because in my opinion it is not about racing with inflation but about building your own wealth by wise investments. But actually it does kill inflation if we speak about last 2-3 years of its development.
jr. member
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*** https://www.buying.com ***
September 22, 2018, 02:29:56 PM
#22
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

Well your decision about buying Bitcoin at 400$ was really profound but it was the speculative investment with high risk because you could lose some part or all your money. As far as I know there are conservative instruments almost without any risk which can help to fight the inflation (for instance, government bonds). I think it need to take into account that your investment was purely speculative because you could gain a profit only in case of the growth of Bitcoin. Also you could buy some equities and you would gain dividends and a margin if shares grown. Buying equities on a bullish market is also excellent decision which can fight the inflation and let you gain a nice income.
legendary
Activity: 1176
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September 22, 2018, 11:19:47 AM
#21
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.
It may not be widespread yet, but still as a store of value against the inflationary system, I would say the OP has some point. Judging from the likes of those who have really seen the fiat space not to help anyone right from the onset and then you see prices being inflated for a lot of reasons that balls down to economic policies and decisions by the central banks and governments, I would say putting a good number of my savings few year back into bitcoin has really been helpful when it comes to beating the inflation in my country as well.
member
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“Blockchain Powered Clinical Trial Management”
September 22, 2018, 04:57:28 AM
#20
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.
full member
Activity: 546
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September 21, 2018, 10:37:20 PM
#19
Bitcoin is the one which kill the inflation like inflation starts when the people spend money on extra imported things then it's increase the inflation rate and the crypto is not participating n inflation but on the other side it is beneficial for the people as their source of income.
full member
Activity: 826
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September 21, 2018, 10:06:20 PM
#18
Yes naturally bitcoin has no business with inflation or deflation. It stands on its own and economic indicators don't affect it just like fiat which the government can decide to do anything with.

Anyway, the angle I think you are also talking about is , you have made much money with bitcoin that you can get just anything you want despite inflation.
мEverything you say is correct. Now bitcoin and other altcoins are in an excellent position. I'm not saying that bears go and bulls come. I'm just trying to write that you have great taste.
with significant increases in bitcoin prices, i think we can break inflation in social life, so that it has no effect on our lives. because we know percentage of inflation is smaller if btc price increases significantly
full member
Activity: 346
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September 21, 2018, 04:54:06 PM
#17
Yes naturally bitcoin has no business with inflation or deflation. It stands on its own and economic indicators don't affect it just like fiat which the government can decide to do anything with.

Anyway, the angle I think you are also talking about is , you have made much money with bitcoin that you can get just anything you want despite inflation.
мEverything you say is correct. Now bitcoin and other altcoins are in an excellent position. I'm not saying that bears go and bulls come. I'm just trying to write that you have great taste.
member
Activity: 277
Merit: 12
September 21, 2018, 02:32:38 AM
#16
Counting inflation is a very tricky technology. The result is a calculation of the average temperature in the hospital. For example, gadgets are becoming cheaper each year, and products are becoming more expensive. On average, inflation is not high, but these figures do not reflect real numbers
hero member
Activity: 3150
Merit: 937
September 21, 2018, 02:04:22 AM
#15
Real estate investments can also beat inflation.Bitcoin isn't unique as the one and only "inflation killer". Grin
By the way,after several years,bitcoin will become so popular that the bitcoin price movement itslef will be considered "inflation/deflation".How can you handle inflation,when the bitcoin price does down (this would be the new "cryptoinflation")? Grin
legendary
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Leading Crypto Sports Betting & Casino Platform
September 21, 2018, 01:47:21 AM
#14
The main problem for many countries is the devaluation of their local currencies comparing to USD essentially which worsen the economy especially if most of goods are imported. Bitcoin is a good and relatively stable investment if the price keeps at this level.

Yes, and the funny thing is, people are simply ignoring that for some reason. If you looked at Bitcoin as a long-term investment and you invested a few years ago, then inflation or the devaluation of your local currency would be a non-issue for you. You would have used Bitcoin as a safe haven against that and the value of your bitcoins would have increased in value.

Fortunately a lot of people realized it and they invested their local currency in Bitcoin and they are not feeling the pressure of inflation or hyper inflation. The devaluation of their local currency is actually a bonus for them, because they get more of their local currency for the bitcoins that they sell now.  Grin
jr. member
Activity: 182
Merit: 1
September 21, 2018, 01:33:26 AM
#13
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

If other currencies experience inflation, then Bitcoin only knows deflation or reduced bitcoin production which makes the value of bitcoin increasingly high, bitcoin experiences what is called bitcoin halvings
legendary
Activity: 3178
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#SWGT CERTIK Audited
September 21, 2018, 01:31:56 AM
#12
The main problem for many countries is the devaluation of their local currencies comparing to USD essentially which worsen the economy especially if most of goods are imported. Bitcoin is a good and relatively stable investment if the price keeps at this level.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
September 21, 2018, 12:20:26 AM
#11
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 make a good point about how investment returns should be calculated after inflation adjustment.

I see a lot of people looking at their savings accounts as some way to invest in the long run, while in reality, they are actually losing money from inflation overall. It's also important to note that the CPI index generated by governments may not be reflective of the actual inflation going on.

Bitcoin is a good hedge against fiat inflation given that it's completely independent from fiat and has a capped supply, which essentially means that in the long run, as long as adoption increases or stays the same, bitcoin should hold its value relatively stably. It's these properties that I think make bitcoin extremely useful for those in countries plagued by hyperinflation, as a safe haven to store wealth in.

You know, it is also not just the inflation that are killing most people. The government take their share of taxes from the profits from the different types of investments too, so you need to add the tax onto the inflation, to see what your real profits was. In a lot of instances, people are actually losing money, by investing it in safe investment options with low returns.  Shocked

These types of investments, always reminds me of the little mouse, running inside a wheel , in his little cage. You are running, but you are not going anywhere.

Bitcoin returns beats inflation and taxes and breaks out of the little cage.  Wink
legendary
Activity: 1229
Merit: 1001
September 20, 2018, 11:36:39 PM
#10
The bitcoin mining system is basically a slow inflation that gets slower with time by the time it stops inflating we will all be long dead.
So i don't really see how it is the inflation killer yet. But its controlled inflation is a lot better for holders then fiat obviously
legendary
Activity: 1666
Merit: 1001
September 20, 2018, 07:44:43 PM
#9
I doubt it could be said as inflation killer because bitcoin is also not too stable, if you invest in the right time then it could help you from inflation, invest in the wrong time it will cause you losing money, and it's a bit dangerous to try to beat inflation with bitcoin, the price movement is too wild
hero member
Activity: 2660
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Vave.com - Crypto Casino
September 20, 2018, 04:58:56 PM
#8
Yes naturally bitcoin has no business with inflation or deflation. It stands on its own and economic indicators don't affect it just like fiat which the government can decide to do anything with.

Anyway, the angle I think you are also talking about is , you have made much money with bitcoin that you can get just anything you want despite inflation.
hero member
Activity: 1526
Merit: 596
September 20, 2018, 04:00:31 PM
#7
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 make a good point about how investment returns should be calculated after inflation adjustment.

I see a lot of people looking at their savings accounts as some way to invest in the long run, while in reality, they are actually losing money from inflation overall. It's also important to note that the CPI index generated by governments may not be reflective of the actual inflation going on.

Bitcoin is a good hedge against fiat inflation given that it's completely independent from fiat and has a capped supply, which essentially means that in the long run, as long as adoption increases or stays the same, bitcoin should hold its value relatively stably. It's these properties that I think make bitcoin extremely useful for those in countries plagued by hyperinflation, as a safe haven to store wealth in.
full member
Activity: 346
Merit: 102
September 20, 2018, 03:57:31 PM
#6
If we talk about the financial component of bitcoin, then inflation does not threaten bitcoin in principle. Since bitcoin depreciation is not possible. Because bitcoins have a certain limit 21 000 000. What I can not say for the Fiat money system, which is so arranged that every year the national money loses its value.
If we talk about speculation and profit, which you are talking about, it is very cool that you managed to earn a lot of money. Your investment has paid off.
full member
Activity: 658
Merit: 108
September 20, 2018, 06:17:19 AM
#5
We can beat inflation if bitcoin/altcoin prices rise. Otherwise, we only try to beat breakeven  Grin Generally speaking, unconventional assets tend to bring higher rates of return while facing higher risk.
legendary
Activity: 3080
Merit: 1353
September 20, 2018, 05:03:38 AM
#4
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

Funny you mentioned about Bitcoin as as inflation killer because I also have made significant gains using it to beat our inflation rate here. Last 2 years was worst, ranging from 3%-4% so I'm glad I made the switch in late 2015 (after I've moved out of corporate world). Common sense will dictate that if I have investment my money on banks alone in 2015, I can't cope up with our inflation rate as we have one of the worst in Asia.

Let this be another lessons for newbie investors that crypto is one of the best hedge against inflation. I'm not saying its the best, because there's a lot of investments you can go around, but crypto has become a good leverage if you really wanted to stay above financially and fight inflation in the next coming years. Grin
newbie
Activity: 47
Merit: 0
September 20, 2018, 04:01:59 AM
#3
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.
legendary
Activity: 1918
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★Nitrogensports.eu★
September 20, 2018, 03:46:04 AM
#2
There are a lot of investments which have managed to beat inflation, but Bitcoin may not be necessarily one of them. The reason I say that is we do not have enough data. You cannot conclude that basis Bitcoin's price increase in 2017.
Equities, when you look at it over a period of time (decades) definitely has given returns higher than inflation.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
September 20, 2018, 12:58:27 AM
#1
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
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