Topic: Could the rise and popularity of cryptocurrencies be a vivid example? - page 2. (Read 289 times)

The popularity of bitcoins will increase its demand, and with a limited supply, the value will increase as well. It is a vivid example of a situation that will influence the price and value of bitcoins in the future.

You did not express yourself so well@OP, so some forum members will find your topic and what you wrote down to be confusing.

Welcome to the forum, you can do better

It's your first post and you shared some good things about Bitcoin. I think you have some knowledge about Bitcoin and you joined this forum to learn further about it. Yes, Bitcoin won't lose any value due to inflation of fiat instead it will get higher in value because it has hard limit of 21 million and every year some people lose Bitcoin. When supply is low and demand is high the value gets high and that's why Bitcoin will get higher in value after each four year. Although, volatility is present in crypto market and that will always be present, but still Bitcoin won't lose much of its value as compare to fiat.

The main factor that works to increase the value of Bitcoin is the halving event that takes place every 4 years. During the halving event the number of Bitcoin decrease by half for each block that miners find and that's why it gets harder to find more Bitcoin due to half reward for each block. The investors always wait for halving event and soon after halving event we have bull market that increases the value of Bitcoin and all crypto-currencies. During bull market the investors get positive about Bitcoin and continue to invest in it as much as they possibly can. A few investors make a lot of money during the bull market.

I recommend you to learn more about Bitcoin from this forum because it's the best source for the ones who are interested in Bitcoin. You should read topics in Bitcoin discussion board and from that board you will learn a lot of things about Bitcoin. The more time you give to this forum the more you'll learn about Bitcoin.

You are right in your response because bitcoin is highest among cryptocurrency, so therefore I understand that bitcoin as cryptocurrency is something I know quite well that deals with the increment of other coins, ethereum, litecoin, doge, BNB their increment in the market doesn't yield anything in bitcoin even in newly established or introduced coins, but the aspect of bitcoin, its obvious that whenever Bitcoin increases any other coins get in touch of rising because it's bullrun affects other coins and it's bearish market leads some of the altcoins to get eliminated in the market, so therefore the volatility of bitcoin supercedes other coins in the market, take a look at any altcoins if they can get increase without bitcoin getting increased in the market, so that is the reason while I don't encourage people holding an altcoins that doesn't have a strong volatility, because their is every tendency that during a long period of bearish market many of them do not survive because altcoins doesn't get increased on it's own.

I don't agree with you, because when we compare the inflation of 2010 with 2023 we can easily distinguish that BTC is a hedge against inflation. Let's understand it with an example, If you had $10,000 in 2010, and if you have BTC worth of $10,000 at the same time. Then tell me, will your $10,000 dollars in fiat be the same as of today? Can you bought as many products today as you can buy in 2010?

The answer is no, you can not. Now compare the price of $10,000 worth of BTC bought in 2010, and now they would be worth $284,986,000 as of September 25, 2023, at a price of $24,000 per BTC.

Now tell me, is fiat a good hedge against inflation or BTC?

Think wisely.

It ain't that simple. We also need to see higher bitcoin demand for bitcoin's price to rise — because the scarcity itself is only half of the problem; the other half being demand. We can create as much scarce(or even far more scarcer) cryptocurrencies as we want but it would be pointless without demand.

That is true, we can observe that in most top alts. They follow the market trend of BTC though not all the time.
As sometimes there are also important events on the project itself, which drives good market performance.
This is why in some instances, bitcoin has nothing to do with how a certain alt is behaving on a certain way.
But as we have seen, up until now, no alt has toppled yet the position of BTC. Countless projects have tried though.

Op, be a vivid example of what?
Be a vivid example of the reduction of inflation?

In my own opinion, I don't think Bitcoin can protect anyone from inflation. You see when the word inflation comes up here, almost everyone on the forum goes to the loss of value and forgets about the consistent price rise. Whether you have bitcoins or not, the price of that thing you want is going to increase. Now bitcoins work to make sure that you don't feel the burn of that price increase, ensuring that your means of exchange is as valuable as what you want to purchase.

I don't really understand what you are trying to ask here, because first you wrote cryptocurrency then you wrote BTC. Just to clear things out, in cryptocurrency, there are more than 20k tokens or coins but all of them can not be used against inflation. Means, that not every token or coin is deflationary and can be compared to the potential of the BTC.

BTC is the king and is the deflationary coin, many legendaries might not agree with this statement, but for the understanding and a proven hedge against inflation, We can say it is a deflationary coin. You are totally about the scarcity of the BTC, due to it's limited and fixed supply, BTC is a great hedge against inflation.

But not all cryptocurrencies are, because many crypto token and coins are increasing their supply over time, and can not be compared with BTC. I hope you understand my point.

Bitcoin has nothing to do with how any other Cryptocurrency behaves in any market for example what Ethereum does in none of the concern of Bitcoin however what Bitcoin does surely affects everything else in the market which shows the dominance which bitcoin have in the market from the start of the Crypto and I am sure, It will be there for a very long time and it's just a matter of time before we see some great profits on Bitcoin HODLings.

OP I do agree that your account is brand new, still I think you have a clear idea about the basics of Bitcoin, So moving forwards the people who believe in Bitcoin that it will protect their actual value are not just because of the Significant role of the Supply as to fight against the inflation there is need of some other factors Bitcoin acquiring as well such as Future potential, growing market, Demand and Supply & Decentralization on some level the global first asset recognization (In context of the most trusted and No 1 Cryptocurrency).

Bitcoin Does provide protection against Inflation, becasue of the gains on the investment and price appreciation by the market movement. Bitcoin supports both narratives as Inflationary properties and IDflationary it really depends how you check it out.

Currencies lose value not only because of inflation but many other reasons like weak national economy, political and social collapse that make future of the nation is chaotic and very grayish. Inflation is not the only reason and by that you can see, a national government can not simply stop printing more money to increase value of their national fiat currency.

If cryptocurrency you mean is altcoin, it's worse. Because minting new tokens into circulating and total supply is even more easily than printing more fiat currency.

Bitcoin is different because it has only 21 million bitcoins in total supply but some altcoins have fixed total supply or even smaller than 21 millions but their values are less than Bitcoin or zero value.

Because inflation or deflation is only one of component to make value. Bitcoin is unique because of its decentralized network, strong network, no censorship on on chain transactions, strong developer community etc.

Yes bitcoin can protect one against inflation beca it does not work by the fiat economy system, bitcoin has a coordinated unmanipulated decentralized network with blockchain, this is not applicable in the cases of some other cryptocurrencies because they are not decentralized, inflation affect the fiat currency and the value is being affected over time due to government regulations and policies.


This is a good advantage why we gave a specific target on the amount of bitcoin to be mined and how this would have circulated among the people and remain in the market while it value always rises as people keep making demands on it even after the whole blocks had been mined.

Many currencies lose value as a result of inflation. Many people believe that cryptocurrency can protect them from inflation. Bitcoin puts a hard limit on the total number of coins that can ever be created. For example, as the growth of the money supply outpaces the growth of the bitcoin supply, the price of bitcoin will rise. Many other cryptocurrencies employ the same approach to limit supply and act as a protection against inflation. In terms of amount, the ASCII computer file specifies only 21 million bitcoins released. As a result of increased demand, the value will rise, possibly keeping up with the market and preventing inflation in the long run.