[CHART] Bitcoin Inflation vs. Time | Bitcointalksearch.org

fruktik

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Quote from: tbes50203 on April 12, 2024, 05:54:28 AM

People who think Bitcoin is about to drop in value to $1 are especially hilarious Grin

And you want to say that they have no reason to think so? They draw their conclusions from something, don't they? Each of us has our own understanding of the situation on the speculative crypto market. Therefore, I would not laugh at those people who think so and have their own personal opinion on this matter. On the contrary, I would listen to them. For what? Simply to understand the logic of their judgments. This is nothing more than experience.

zhen1810

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A friend he knew I played coins a long time ago, until a few days ago this year to ask me, how to buy coins, now the entrance of people really do not know how to do,
It's hard to teach new people these days.
the coin circle is more and more complex, the threshold is higher and higher, not as easy as before.

N.O

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Quote from: tbes50203 on April 12, 2024, 05:54:28 AM

Quote from: singularity on March 01, 2024, 11:17:13 AM

It's always surprised me that some people think Bitcoin is currently deflationary when the supply is inflating.

People who think Bitcoin is about to drop in value to $1 are especially hilarious Grin

Bitcoin price can't go down or market of Bitcoin can't be crash. Bitcoin is very safe currency for the future. The people who are thinking that Bitcoin will crash and they can lose their Investment, that is wrong statement. Bitcoin Yearly supply is good but the project of Bitcoin is best and millions of persons want to buy Bitcoin but they don't know how to buy it and how to sell it and how to keep in wallet. They are uneducated person but in future,Many new comers will take the position and we will see that the price of Bitcoin will be more more higher than today. I saw Bitcoin around 6 years ago and at that time the Bitcoin price was 300$ but now the Bitcoin hit 71000$, So how the price of Bitcoin will be 1$ . Nobody can trust this statement.

BitGoba

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Quote from: singularity on March 01, 2024, 11:17:13 AM

It's always surprised me that some people think Bitcoin is currently deflationary when the supply is inflating.

Bitcoin's current inflation rate is 0.80%, but it halves every 4 years and over time will end at 0%. This is a deflationary form of money that the world has not yet seen. The hardest money in human history. Gold has an inflation rate of up to 2% annually, but as the price of gold rises, many gold mines become profitable to mine, leading to increased inflation. Satoshi solved this by adjusting the difficulty, so no matter how many new miners start mining and increase the hashrate, they cannot mine more Bitcoins. It continues indefinitely with the "tick tock next block" on average every 10 minutes.

tbes50203

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Quote from: singularity on March 01, 2024, 11:17:13 AM

It's always surprised me that some people think Bitcoin is currently deflationary when the supply is inflating.

People who think Bitcoin is about to drop in value to $1 are especially hilarious Grin

smileyface

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While you are technically correct. Could it also be possible that the number of coins lost per year exceeds the number of coins minted? Well maybe not the whole year, but at least for a certain duration right?

I mean 21 million coins, but not 21 million movable right?

Quote from: singularity on March 01, 2024, 11:17:13 AM

It's always surprised me that some people think Bitcoin is currently deflationary when the
supply is inflating.

singularity

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It's always surprised me that some people think Bitcoin is currently deflationary when the supply is inflating.

jossiel

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Quote from: Ancemon1 on September 12, 2023, 12:13:40 PM

Ya. Bitcoin inflation rate decrease every day.

While we agree that Bitcoin is a deflationary asset but its inflation isn't decreasing everyday.

Quote from: Ancemon1 on September 12, 2023, 12:13:40 PM

Bitcoin’s monetary policy reduces network inflation with each confirmed block.

Well, its design for having a limited supply reduces the inflation thus it's deflationary crypto.

Quote from: Ancemon1 on September 12, 2023, 12:13:40 PM

The largest reductions in Bitcoin supply occur on the day of each halving. This happens because every 4 years, or exactly 210,000 blocks, the reward for miners is halved. This is built into the Bitcoin code created by Satoshi Nakamoto.

It is about the block reward for miners that is being cut in half and not the supply. It is the most awaited event that we're waiting for, the halving signifies the bull run and increases the demand.

Ancemon1

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Ya. Bitcoin inflation rate decrease every day. Bitcoin code is law! Bitcoin’s monetary policy reduces network inflation with each confirmed block. The largest reductions in Bitcoin supply occur on the day of each halving. This happens because every 4 years, or exactly 210,000 blocks, the reward for miners is halved. This is built into the Bitcoin code created by Satoshi Nakamoto.

Source : https://altcoinsbox.com/bitcoin-inflation-rate/

Lattice Labs

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Bitcoin is often referred to as "digital gold" and is designed to have a limited supply, with a maximum cap of 21 million coins. This scarcity is one of its primary selling points and is intended to protect it from the effects of inflation that traditional fiat currencies can experience when central banks increase the money supply.

However, Bitcoin's price can still be influenced by various economic factors, including inflation expectations. If there is a widespread belief that traditional currencies are losing value due to inflation, some investors may turn to Bitcoin as a store of value, potentially driving up its price.

So, while Bitcoin itself isn't subject to inflation in the way that fiat currencies are, it can still be influenced by inflationary pressures in the broader economy. It's important to note that Bitcoin's price can be highly volatile and is influenced by a wide range of factors beyond just inflation.

Vishnu.Reang

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During the initial stage of the Bitcoin projects, users need to provide the default transaction fee, and miners are required to process the transactions according to the system setting even the zero fee transactions, whereas users prefer to offer a higher transaction fee to attract miners in order to reduce the transaction processing waiting time with growth of transaction volume and users. As recorded in the official document of Bitcoin, the transaction fee are not required for some certain types of transactions through the zero transaction fees cannot be financially sustainable with the development of bitcoin.

Smartvirus

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Quote from: DannyHamilton on July 18, 2022, 08:12:19 PM

Quote from: darkv0rt3x on July 16, 2022, 04:44:43 PM

I just came across this thread. Can anyone explain to me what "monetary base" means and what does it shows here in the OP plots??

These charts are purely indicating the rate at which new coins come into existence as compared to the number of coins that already exist. They don't take into consideration the number of coins that have been permanently lost, or otherwise removed from the current markets by those that aren't interested in selling. These charts do not make any attempt to predict demand and therefore are not meant to indicate exchange rate or perceived value.

Would that be any means to be accurate on calculations?
Given that, you never can completely know a coin to have been lost by just nominating some wallets to be domant. After all, we've seen some idle walleta do some big numbers all of a sudden.

Would that mean the numbers considered are mainly coins in exchnages?

DannyHamilton

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Quote from: darkv0rt3x on July 16, 2022, 04:44:43 PM

I just came across this thread. Can anyone explain to me what "monetary base" means and what does it shows here in the OP plots??

It's the quantity of Bitcoin that has been put into circulation so far at that point in time (see the values on the right-hand side of the chart).

That value is the denominator in the calculation of inflation rate. If you have 100 of something, and you create 1 more of that thing, then you've increased the total quantity by 0.01 or 1% ( 1 new item / 100 existing items = 0.01).

So, in the year 2022:

The year started with approximately 18,916,000 bitcoins in existence. That would be the "monetary base" at the beginning of 2022-01-01
An additional (approximately) 328,500 bitcoins will be created with the 52,500 blocks that are solved during the year 2022.
If we divide the number of new coins (328,500) by the monetary base (18,916,000) we get a 2022 inflation rate (inflation of supply, not necessarily of the exchange rate) of about 0.0174, or about 1.74%

These charts are purely indicating the rate at which new coins come into existence as compared to the number of coins that already exist. They don't take into consideration the number of coins that have been permanently lost, or otherwise removed from the current markets by those that aren't interested in selling. These charts do not make any attempt to predict demand and therefore are not meant to indicate exchange rate or perceived value.

darkv0rt3x

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I just came across this thread. Can anyone explain to me what "monetary base" means and what does it shows here in the OP plots??

SuperMariob

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Bitcoin will never be affected by inflation. We can not "print" new bitcoins. So inflation will never be a real problem for it.
Bitcoin is not an asset with "limited" quanitity. It's an asset with a quantity that we already know and that can never be changed.

GeorgeMFrancis

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Quote from: Btcoin Casino Top on March 23, 2021, 04:32:28 AM

I don't really understand if Bitcoin inflation can be considered as such. Given its current price, inflation in connection with mining is negligible, and for some other reason inflation of Bitcoin is not possible. Bitcoin owners are more likely will suffer from a fall in the price on the market than from inflation.

Yep, you are right. Noone links Bitcoin to grossery prices or electricity bills.

CeFi_Rates

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Quote from: whitslack on December 13, 2012, 10:08:08 AM

A clarifying note: These charts show the monetary (supply) inflation of Bitcoin. They bear no relation to price inflation, which is an entirely distinct phenomenon.

As Satoshi said: "The fact that new coins are produced means the money supply increases by a planned amount, but this does not necessarily result in inflation. If the supply of money increases at the same rate that the number of people using it increases, prices remain stable. If it does not increase as fast as demand, there will be deflation and early holders of money will see its value increase."

Btcoin Casino Top

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I don't really understand if Bitcoin inflation can be considered as such. Given its current price, inflation in connection with mining is negligible, and for some other reason inflation of Bitcoin is not possible. Bitcoin owners are more likely will suffer from a fall in the price on the market than from inflation.

Bitcoinsummoner

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Hello, I still do not understand the mechanism by which bitcoin or ethereum, or any other virtual currency, increases or decreases the price / value.I kept ethereum for 2 years and not much happened. only bitcoin had a big change of value during years

Not only the price of bitcoin has change in these 2 years. Hence almost all the crypto currency has changed a lot in these days. If you bought 1 ethereum before 2 years how much it was? It was not more than 170$. And now it is about 2000$. So it is about 10 times in these 2 years. For more clarification please have a look on the screenshoot.

hawaii88

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price of bitcoin is victorious and can be told launch to the moon these days. the question further is "can it possibly reach more than the current price in the upcoming months.

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