[CHART] Bitcoin Inflation vs. Time - page 3.

Polo7

jr. member

Activity: 392

Merit: 7

I have strong economical education background.

The btc is in Financial world asset.

Asset is property, gold,

First rule :

When the Bitcoin is strong then fiat is weak.
When fiat inflation rate is high then real estate, gold silver and Bitcoin value is high.

When Economy is Good then the fiat currency have high inflation rate... When markets are Booming stock market for example... Then fiat has high inflation.

When currency has very low inflation rate then this is called economic recression.

AT the economical down time the most of the money is eliminitated from circlelation...
Less Money in circlelation will make money more sacred, world Economy works by alchemical fundamentals.

The economic system works Simple way anyone just learn the basic rules... Just simple rules and you can make a lot profit!!

Knowledge is power

tmlee

newbie

Activity: 20

Merit: 0

By the looks of it, bitcoin is a vital alternative in countries where there isn't any good/stable stock market to invest in, and declining currency purchasing power.
should need a big mac index for bitcoin or the sort to track inflation

elisabetheva

full member

Activity: 1708

Merit: 105

Quote from: ?? on ??

Bitcoin is above inflation. Also it is different in every country and at least in some of them the tendency to grow would be faster then the inflation itself. All is profit!

Maybe what you say is true, but directly the impact may not be there because it's clearly different.
country differences like what you say might be in terms of the legal or illegal influence of bitcoin itself and obviously inflation is not directly affected by it.

kannikaamudee

newbie

Activity: 49

Merit: 0

That's the reason why every 4 years bitcoin should be halved

cipherer

member

Activity: 73

Merit: 10

Quote from: Reinsurer on January 22, 2019, 04:50:38 PM

Quote from: whitslack on December 13, 2012, 11:08:08 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. When Austrian economists say "inflation," they're typically referring to monetary inflation, whereas Keynesian economists are typically referring to price inflation.

Also, please note that the top axis ("Year") on these charts is approximate, based on the scheduled block generation rate of one block per 10 minutes. The actual block generation rate has averaged a bit faster than this, due to the perpetually increasing hash rate, so we're already a little bit further progressed than the labels along the top axis would suggest. This doesn't mean there will be any more than 21M bitcoins; it only means that we'll reach the end of supply generation a little bit sooner than we would have if the hash rate had always held constant.

Bitcoin Inflation 4x3.pdf (8"×6") | Bitcoin Inflation.pdf (8½"×11")

Bitcoin Inflation logarithmic.pdf (8"×6")

Permission given to use and reproduce freely.

More market participants are frightened and repelled by the next news about serious problems with security in the blockchain sector. So, recently it became known that the personal data of the clients of the world's largest crypto exchanges Poloniex, Binance, Bittrex and Bitfinex, which in the spring of 2018 collected a full package of information about their customers as part of the “Know Your Customer” (KYC) mode, are sold on the darknet. At the moment, the situation is reminiscent of Westerns with bank robberies, only now they are stealing not only the money itself, but also the data about their owners. It is not surprising that big business is waiting only for guaranteed centralized solutions for the purchase and storage of digital assets.

Sounds scary, is this a fact?

marcus_of_augustus

legendary

Activity: 3920

Merit: 2348

Eadem mutata resurgo

Quote from: jjjfff on April 07, 2019, 11:28:09 AM

Also a satoshi cannot ever be worth U$ 1 because :

a) there isn't that much money in existence and;

b) Bitcoin transaction fees would be impossible to pay if the smallest unit of the cryptocurrency gains to much value. You can't break a 1 satoshi transaction down into microsatoshis. That would probably require changes to the core source code, perhaps adding 8 more zeroes.

Just FYI to correct this partial misunderstanding, the lightning network is already using sub-satoshi denominations. Second layer technology that lock-in bitcoin for other crypto-tokens, receipts, etc, like lightning and side-chains can program whatever smallest denomination they choose.

yohananaomi

sr. member

Activity: 2366

Merit: 267

Vave.com - Crypto Casino

Quote from: ?? on ??

i think it makes sense a lot but my question remains what would happen when the 21 bitcoin possibilities become exhausted?. what if by then big businesses adopt it for their daily operation? can the price of 1 sats then reach 1 dollar! or would there be an adjustment on the blockchain code to produce more?. I need your view as an economist

I do not believe there will be a decline in prices to the lowest if the bitcoin is likely to run out, because bitcoin will be able to overcome so that prices remain stable and will not be up to freefall. because many alternatives will be implemented so that it cannot happen.

elisabetheva

full member

Activity: 1708

Merit: 105

Quote from: shitcoinoffering on February 08, 2019, 08:55:51 AM

If to think logically, Bitcoin is a deflationary currency... This means that in long-term its price will only grow Roll Eyes

I also believe the same as you say, but maybe there are also many analyzes that occur to see the graph printed, but the time is still long and there are many possibilities that will occur with the passage of time. still believe bitcoin can deal with this situation. Cry

nimiq.cafe

jr. member

Activity: 38

Merit: 5

Quote from: jjjfff on April 07, 2019, 11:28:09 AM

Quote from: ?? on ??

i think it makes sense a lot but my question remains what would happen when the 21 bitcoin possibilities become exhausted?. what if by then big businesses adopt it for their daily operation? can the price of 1 sats then reach 1 dollar! or would there be an adjustment on the blockchain code to produce more?. I need your view as an economist

Changing the source-code to produce more than the 21 mln limit would destroy 99% of Bitcoin value instantly.

The only reason Bitcoin is worth thousands of U$ is because it's rare.

Also a satoshi cannot ever be worth U$ 1 because :

a) there isn't that much money in existence and;

b) Bitcoin transaction fees would be impossible to pay if the smallest unit of the cryptocurrency gains to much value. You can't break a 1 satoshi transaction down into microsatoshis. That would probably require changes to the core source code, perhaps adding 8 more zeroes.

Changing the 21 millions limite for a tail emission of something like 0.1% a year would absolutely not destroy its value, the real question is that: can the network keep its level of security with only fees.

jjjfff

copper member

Activity: 182

Merit: 18

Crypto.BI

Quote from: ?? on ??

i think it makes sense a lot but my question remains what would happen when the 21 bitcoin possibilities become exhausted?. what if by then big businesses adopt it for their daily operation? can the price of 1 sats then reach 1 dollar! or would there be an adjustment on the blockchain code to produce more?. I need your view as an economist

Changing the source-code to produce more than the 21 mln limit would destroy 99% of Bitcoin value instantly.

The only reason Bitcoin is worth thousands of U$ is because it's rare.

Also a satoshi cannot ever be worth U$ 1 because :

a) there isn't that much money in existence and;

b) Bitcoin transaction fees would be impossible to pay if the smallest unit of the cryptocurrency gains to much value. You can't break a 1 satoshi transaction down into microsatoshis. That would probably require changes to the core source code, perhaps adding 8 more zeroes.

lepbagong

full member

Activity: 2268

Merit: 121

#SWGT PRE-SALE IS LIVE

Quote from: Elby on January 17, 2019, 07:44:28 AM

Inflation will only get worse in the next economic crisis!

It is clear that inflation will be in line and always have an impact on the economic crisis, but will it happen in the future but it is still a separate question, and will it make it worse? I hope that doesn't happen

Wilhelm

legendary

Activity: 1652

Merit: 1265

Quote from: shitcoinoffering on February 08, 2019, 08:55:51 AM

If to think logically, Bitcoin is a deflationary currency... This means that in long-term its price will only grow Roll Eyes

That's why we like it so much Grin

Don't forget that normal money is deflationary so it's win win.

Bitcoinwalks

newbie

Activity: 35

Merit: 0

Changes happen easily, so let's just see what happens on the coming months or even years

Pegasus24

newbie

Activity: 35

Merit: 0

^^ Agreed, the upward potential is huge. As technology progresses demand will only grow, combine that with the limited supply and we are golden.

shitcoinoffering

member

Activity: 445

Merit: 71

If to think logically, Bitcoin is a deflationary currency... This means that in long-term its price will only grow Roll Eyes

Reinsurer

member

Activity: 81

Merit: 11

The current depreciation of the cryptocurrency reflects the influence of all the same geopolitical factors, which, as a rule, lead to an increase in periods of escalation. This can be a dangerous indicator for the Fed, suggesting that in the event of a real conflict, investors can start to get rid of the dollar in panic. This will inevitably plunge financial markets into a crisis and raise prices not only for gold, but also for Bitcoin, which is still a valuable asset in the eyes of many investors.

Reinsurer

member

Activity: 81

Merit: 11

Quote from: whitslack on December 13, 2012, 11:08:08 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. When Austrian economists say "inflation," they're typically referring to monetary inflation, whereas Keynesian economists are typically referring to price inflation.

Also, please note that the top axis ("Year") on these charts is approximate, based on the scheduled block generation rate of one block per 10 minutes. The actual block generation rate has averaged a bit faster than this, due to the perpetually increasing hash rate, so we're already a little bit further progressed than the labels along the top axis would suggest. This doesn't mean there will be any more than 21M bitcoins; it only means that we'll reach the end of supply generation a little bit sooner than we would have if the hash rate had always held constant.

Bitcoin Inflation 4x3.pdf (8"×6") | Bitcoin Inflation.pdf (8½"×11")

Bitcoin Inflation logarithmic.pdf (8"×6")

Permission given to use and reproduce freely.

More market participants are frightened and repelled by the next news about serious problems with security in the blockchain sector. So, recently it became known that the personal data of the clients of the world's largest crypto exchanges Poloniex, Binance, Bittrex and Bitfinex, which in the spring of 2018 collected a full package of information about their customers as part of the “Know Your Customer” (KYC) mode, are sold on the darknet. At the moment, the situation is reminiscent of Westerns with bank robberies, only now they are stealing not only the money itself, but also the data about their owners. It is not surprising that big business is waiting only for guaranteed centralized solutions for the purchase and storage of digital assets.

Elby

member

Activity: 252

Merit: 10

Inflation will only get worse in the next economic crisis!

soxxx

member

Activity: 256

Merit: 62

Quote from: ?? on ??

i think it makes sense a lot but my question remains what would happen when the 21 bitcoin possibilities become exhausted?. what if by then big businesses adopt it for their daily operation? can the price of 1 sats then reach 1 dollar! or would there be an adjustment on the blockchain code to produce more?. I need your view as an economist

Not produce more bitcoin but they can certainly can break 1 sats into 10, or 100.

Sadlife

sr. member

Activity: 1400

Merit: 269

The inflation is not the cause to price volatility due to simple reason when there is an increase of supply and users the difficulty to mining blocks to generate bitcoin gets higher to prevent inflation. What's current happening now as to why the price is crashing because of price manipulation by big names and entities also mainstream media is purposely spreading FUD to bring down the price.

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