Topic: [CHART] Bitcoin Inflation vs. Time - page 18. (Read 1163013 times)
as we know bitcoins blocks are limited, we still generating bitcoin but there's a day coming no more mining, and since bitcoin joined this world of electric currency, and he keeps madly increasing really insane this satoshi man he is very smart but i wonder if the bitcoin blocks reach 25 mils will the price still increasing or no, i think it keeps increasing but slowly.
That chart looks very promising to me guys, it really shows the potential of BTC.The chart shows the number of bitcoins in existence and the instantaneous rate of monetary (supply) inflation as functions of time.Thank you for the useful chart.
If bitcoin prices go up, who will buy, and when will the bitcoin price go down?
People are buying constantly and doesn't matter that Bitcoin costs 4000 or 5000$ because they need it. That is why Bitcoin is so strong. You have to buy Bitcoin at some point if you will be involved in crypto even if not in Bitcoin itself.
I realize Bitcoin will cap out at 21 million coins. But I honestly think the more it goes up the more Bitcoin Forks will show up. Before you know it we'll have 100 different "Bitcoins" It wont ever be adopted by the masses because they will all be confused.
The money supply increases linearly (roughly) at 50 BTC every 10 minutes for the first 210000 blocks, then 25 BTC every 10 minutes for the next 210000 blocks, then 12.5 BTC every 10 minutes, and so on. That is why the blue line is made up of straight lines with decreasing slope every 4 years or so.
Can we call it Inflation.... well its pretty simple isn't it, the approx Earth population now is 7.5 billion and approx BTC users are relatively small no around 5.4 million users world wide (according to Quora) That is way less than 0.5% of Earth's population 0.0720% to be exact according to figures.
Now where do you think the price will reach if users become even 1% of the whole population; of course nobody can imagine its hard to give even a ball park figure but everyone is certain that it is going to be insane, considering supply and demand ..... Now how does inflation implies on Bitcoin I don't understand
If you are holding a 100 dollar bill for 10 years just to find out after 10 years that its worth not even a bottle of your favourite beverage ... it has devalued over time ok thats because of inflation effect
If you are holding 1 BTC for 10 years and you find out after 10 years that you can buy a villa (may be a small apartment) and your favourite car (if its not bugatti... if it is veyron keep 50 BTC aside you will be sorted) and spare some change for years and years of supplies... Thats BITCOIN
Now where do you think the price will reach if users become even 1% of the whole population; of course nobody can imagine its hard to give even a ball park figure but everyone is certain that it is going to be insane, considering supply and demand ..... Now how does inflation implies on Bitcoin I don't understand
If you are holding a 100 dollar bill for 10 years just to find out after 10 years that its worth not even a bottle of your favourite beverage ... it has devalued over time ok thats because of inflation effect
If you are holding 1 BTC for 10 years and you find out after 10 years that you can buy a villa (may be a small apartment) and your favourite car (if its not bugatti... if it is veyron keep 50 BTC aside you will be sorted) and spare some change for years and years of supplies... Thats BITCOIN
If bitcoin prices go up, who will buy, and when will the bitcoin price go down?
Pictures just show the past tendency of Bitcoin value, but can not exactly predict the future.
Since there is so much wealth in FIAT money and Bitcoin has a limited supply that is slowly being released, it is easy to see that the price will rise exponentially.
I'm agree with author. I think BTC will grow exponential. There is no top price for it. The best solution now is to keep your BTC in safe place. And in 3-5 years you will get, what you want.
Or one more variant, is to hold 60% of your investment in BTC, and 40 persent put in some good altcoin or fund. Look at one of them in my signature.
It seems to me that this diagram completely does not take into account the great changes in society and in the technologies that will occur in the next 20 years. It is possible that by 2037 there will be a so-called technological singularity, and bitcoins simply will not matter.
I was trying to explain to my brother how inflation works and it was a bit difficult.
A youtube linking him up to how this works would be more convenient to explain it.
So far I told him that Bitcoin its deflationary and its the total opposite of the Dollar which its inflationary.
I hope I am not misguided, if I am please correct me
Thank you for the chart
Perhaps you could elaborate a Youtube video
Sincerely
J.J.
A youtube linking him up to how this works would be more convenient to explain it.
So far I told him that Bitcoin its deflationary and its the total opposite of the Dollar which its inflationary.
I hope I am not misguided, if I am please correct me
Thank you for the chart
Perhaps you could elaborate a Youtube video
Sincerely
J.J.
To predict any thing for a period of time it is not easy for us but if we look at past history of Bitcoin inflation we can adopt a method to calculate Bitcoin Inflation over time.
Past results dont guarantee future results.Same logic can be applied to inflation charts. It is more better to check historical graph to understand price mechanism during a preferred timeframe.
has anyone ever made similar charts for dogecoin?
im not sure, first time dogecoin created just for joke
To predict any thing for a period of time it is not easy for us but if we look at past history of Bitcoin inflation we can adopt a method to calculate Bitcoin Inflation over time.
has anyone ever made similar charts for dogecoin?
Pictures just show the past tendency of Bitcoin value, but can not exactly predict the future.
I think both are directly in proportion with each other. As time passes the prices of bitcoins are getting higher and higher which causes bitcoin inflation in the market. Investors who have been investing in bitcoins since its start have started making huge profits from the bitcoins by trading them at higher prices.
bitocin vs time .. the wise user would not mind, because bitcointalk is the global currency bitcoin or digital coin that has the best process and time does not become a gendala for me.
good for those who early identified that coin..
Pictures just show the past tendency of Bitcoin value, but can not exactly predict the future.
Since there is so much wealth in FIAT money and Bitcoin has a limited supply that is slowly being released, it is easy to see that the price will rise exponentially.
time is so fast..i do not know about the chart bitcoin inflation but if you are a dollar earner you always love to see it if increases because a big help for you..
Pictures just show the past tendency of Bitcoin value, but can not exactly predict the future.
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