Fixed supply doesn't matter (change my mind)

pawel7777

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Quote from: MeGold666 on May 11, 2024, 04:55:30 AM

If fixed supply can be infinitely inflated (when it comes to price) and thus creating a bubble that can burst, it is not being different from supply that is not fixed.

Fixed supply - price can be manipulated up by Tether
Non-fixed supply - price can be manipulated up by Tether AND can be manipulated down by increasing supply

Here's your difference. How hard is it to grasp?

jrrsparkles

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Quote from: Gladitorcomeback on May 21, 2024, 11:05:50 AM

We have seen such incidents from the past affecting the whole market, last time when Terra Labs' algorithmic stablecoin, UST, lost its peg, it extended the bear run and the prices went way down than what was expected. So it is surely going to show some affect but it would only be temporary.

The incident doesn't affect the price of any coin other than the coin which depegged but since it's a market riding on emotions then it's understandable that people starts panicking and moving their funds back and forth and sell whatever they have got but we knew that this will move on too and doesn't impact the growth of bitcoin in any way.

Gladitorcomeback

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Quote from: jrrsparkles on May 16, 2024, 04:16:46 PM

Bitcoin's price is not backed up by tether no USD or anything, we just use it for our reference to find it's value.

To answer your question if tether prints money unlimited then they need to prove they got reserves or it is going to burst so which will goes to zero while bitcoin will still be valuable as long as it got it's demand.

That's right. Bitcoin's price is not dependent on any other currency or commodity but it has its value and it is determined based on how in-demand it is, it is just valued against different currencies and it isn't dependent on them, so those currencies losing value or bursting won't affect Bitcoin to a large extent, however, if USDT bursts and loses its peg, there will be chaos in the market and that might make the price drop a little bit, but as time goes, it will recover again.

We have seen such incidents from the past affecting the whole market, last time when Terra Labs' algorithmic stablecoin, UST, lost its peg, it extended the bear run and the prices went way down than what was expected. So it is surely going to show some affect but it would only be temporary.

khalidkhan82118

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Quote from: mindrust on May 11, 2024, 05:29:15 AM

Quote from: MeGold666 on May 11, 2024, 04:55:30 AM

If fixed supply can be infinitely inflated (when it comes to price) and thus creating a bubble that can burst, it is not being different from supply that is not fixed.

Example, current Bitcoin price inflated by Tether printer with no real backing.

[img]https://i.imgflip.com/8ppmmm.jpg[/img
Fixed supply of BTC doesn't matter, when the price can be infinitely inflated by Tether printer.

FIAT has no real backing either. The only difference between tether and usd is the issuer. USDT is issued by bitfinex, USDT is issued by the FED. Both are backed by nothing. Till now, the authorities didn't care if USDT was backed by USD or not so why should we care if the real owner and the issuer of the FIAT (the FED) doesn't?

Fixed supply of BTC kind of matters but it is not always a good thing. Let's say it has its advantages. Would you rather prefer to invest in a non-fixed supply coin like ethereum? That's way more messed up.

Do you think the lack of backing for fiat currencies undermines their value, or do you see them as more stable due to their widespread acceptance? What factors do you consider when choosing between investing in a fixed-supply coin like Bitcoin or a non-fixed-supply coin like Ethereum?

blckhawk

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People who say "change my mind" would never really change their opinion in that matter that they're trying to create a debate, remember that you've got more familiarization with that topic and opinion compared to people who will try and debate on your claim and I know that most people have a hard time believing that there's people out there that's smarter than them and much more knowledgeable than them, that is why I believe that you will die on that hill that you call your opinion and change isn't possible.

Smartvirus

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Quote from: MeGold666 on May 11, 2024, 04:55:30 AM

If fixed supply can be infinitely inflated (when it comes to price) and thus creating a bubble that can burst, it is not being different from supply that is not fixed.

Example, current Bitcoin price inflated by Tether printer with no real backing.

Fixed supply of BTC doesn't matter, when the price can be infinitely inflated by Tether printer.

I think the question that you should ask yourself here is that,
The infinite printing of tether possibly to inflate Bitcoin, will it only apply to Bitcoin? Would the entire nation be in chaos just because of one currency on the web? That wouldn’t be allowed to happen and it’s never going to be the case. You really should change your mind not based on my reasons but because you should find reasons of your own to believe other wise.

Bitcoin is a scares resource and like the rest of them out there coupled with how commodities do work, scarcity translates to value. It’s why some brands create limited editions of there productions and it’s value spans through time, inflation doesn’t go ahead to affect that.

larry_vw_1955

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Quote from: MeGold666 on May 11, 2024, 04:55:30 AM

If fixed supply can be infinitely inflated (when it comes to price) and thus creating a bubble that can burst, it is not being different from supply that is not fixed.

maybe if the supply grew over time, it would just offset the price going up to some degree. that's about it. so people that want bitcoin price to "pump" they're always strong proponents for the fixed supply. now you know why.

Quote from: franky1 on May 11, 2024, 10:05:16 AM

HOWEVER
bitcoin is not a peg of fiat
bitcoin has its own economics.. EG mining cost has a factor that give bitcoin a base wholesale value layer below market rate to support the market bottoms.

but mining costs have to be paid using fiat. so they are based on fiat. if the fiat has inflation then everything costs more. mining equipment, electricity, etc. so the bottom line goes up. so bitcoin is a peg of fiat in a way. it's not independent of it.

Antotena

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Quote from: MeGold666 on May 11, 2024, 04:55:30 AM

If fixed supply can be infinitely inflated (when it comes to price) and thus creating a bubble that can burst, it is not being different from supply that is not fixed.

Example, current Bitcoin price inflated by Tether printer with no real backing.
Fixed supply of BTC doesn't matter, when the price can be infinitely inflated by Tether printer.

Excuse you!
You just decide to wake up and you decided to choose conspiracy theory and sentiments. Is Bitcoin value actually pegged to USDT or to USD? Another question I have for you is USDT that is use to detect the value of Bitcoin or USD, in addition is USDT the only stablecoin that is not back by anything that exist in the crypto market? What happen to the likes of USDC and other centralized coins that are not back by anything but bonds and treasuries.

I don't support USDT policy but indeed they are not back by anything, the security exchange commission would have bring them in for questioning and the ponzi scheme would have collapsed by now. Enjoy the moment, Bitcoin has survive for the last 11 years and would do more without anything bad happening to it, if Tether should even collapse today, Bitcoin would definitely increased in value than before.

jrrsparkles

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Bitcoin's price is not backed up by tether no USD or anything, we just use it for our reference to find it's value.

To answer your question if tether prints money unlimited then they need to prove they got reserves or it is going to burst so which will goes to zero while bitcoin will still be valuable as long as it got it's demand.

seoincorporation

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What a fun term "Tether printer".

It doesn't mean they can print infinite money, tether is backed up in the markets, what changes are the total tether in circulation, and that changes when the bitcoin prize moves, it happens as part of the tether algorithm to keep the coin as a stable coin. But again, it doesn't mean they can bring an infinite amount of tether to the market.

I hardly recommend you to study how the stable coins works.

Pidgeon

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Easy one, tether started trading in 2015, Bitcoin has already grown by that point by x1000 outpacing any kind of inflation.

tottong

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Quote from: MeGold666 on May 11, 2024, 04:55:30 AM

If fixed supply can be infinitely inflated (when it comes to price) and thus creating a bubble that can burst, it is not being different from supply that is not fixed.

In what case can the supply of bitcoin increase because it is a limited number with a size that never changes. What kind of supply are you talking about?
Bitcoin never increases in terms of supply but rather its price continues to find support. If what you mean is how the price continues to rise, it is a sign that there is a role of support provided or that the supply and demand process always occurs in the same direction.

Real support is not what is visible, but sometimes we have another side of how prices can affect the rise or fall in the market.
Bitcoin does not easily lose value like Tether because it always runs according to existing cycles.

thecodebear

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Quote from: MeGold666 on May 11, 2024, 04:55:30 AM

If fixed supply can be infinitely inflated (when it comes to price) and thus creating a bubble that can burst, it is not being different from supply that is not fixed.

Example, current Bitcoin price inflated by Tether printer with no real backing.

Fixed supply of BTC doesn't matter, when the price can be infinitely inflated by Tether printer.

I'm guessing you are completely new to learning about money, investments, finances, bitcoin, etc.

Your first sentence makes no sense at all. And then you finished it with tether conspiracy theories.

harapan

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Quote from: Odusko on May 11, 2024, 10:22:21 AM

Fact is bitcoin price is greatly different from it supply limits, and you shouldn't make such presumption calculation that bitcoin price equal it real value when bitcoin can move both sides in price, bitcoin fixed supply means that no more than 21 million bitcoina will ever be in cyculatuon unlike fiat where government print money multiple times in a year without regards to the currency value.

Does it necessarily mean that bitcoin works separately from it's supply.Bitcoin's price changes because of its supply, the market's demand,media and news,and regulatory changes.
Bitcoin is neither issued nor regulated by a central government and,therefore,is not subject to governmental monetary policies unlike fait systems.
However,the supply of something(assets) helps with initializing and determining the price.

The Cryptovator

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I think we can't change your mind. Because you aren't ready to hear us. Limited supply means you can't add new coins to the circulating supply. Why are you comparing price with supply? There won't be a limit on the Bitcoin price. Because it's decentralised, anyone can buy and sell it at any price. This isn't a product like gold for which we can set a selling price. Bitcoin is a cryptocurrency, and it is highly volatile. We can't eat the volatiles anyway. Price doesn't have any functionality with Bitcoin.

Bulltard

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Quote from: Casdinyard on May 13, 2024, 10:44:41 AM

So yeah. Bitcoin's not inflationary, it's deflationary

wtf. where am i? is there a hidden camera somewhere?

Casdinyard

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Quote from: MeGold666 on May 11, 2024, 04:55:30 AM

If fixed supply can be infinitely inflated (when it comes to price) and thus creating a bubble that can burst, it is not being different from supply that is not fixed.

Example, current Bitcoin price inflated by Tether printer with no real backing.

Fixed supply of BTC doesn't matter, when the price can be infinitely inflated by Tether printer.

Uhm wat

Where have read bitcoin's price being inflated? I think you got the terms mixed up lol. Bitcoin is deflationary, supply getting depleted faster than its value, eventually leading to a massive price increase which is the bubble you're talking about. But the thing about bitcoin is, it is not a bubble, the reasons why it's pumping so hard during bull seasons are downright unreasonable and stupid yes, but it doesn't mean they aren't reasons. That's why Warren Buffet can't wrap his drawers with skid marks around bitcoin, even though his company's started to claim its stake in it.

So yeah. Bitcoin's not inflationary, it's deflationary; there's no bubble of which you speak of, because bitcoin's valuation, whether it's 60k or 500k, is highly justifiable, and bitcoin is not pegged to any coin, nor currency whatsoever, it rides its own boat, its own wave, which is why even though the world economy is fucked up right now and we're heading towards one of the largest crashes in the history of the planet, bitcoin's still sitting pretty tightly in its 65k valuation.

davis196

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Quote from: MeGold666 on May 11, 2024, 04:55:30 AM

If fixed supply can be infinitely inflated (when it comes to price) and thus creating a bubble that can burst, it is not being different from supply that is not fixed.

Example, current Bitcoin price inflated by Tether printer with no real backing.

Fixed supply of BTC doesn't matter, when the price can be infinitely inflated by Tether printer.

Inflation means fiat money losing value, not BTC having higher price. You are using the term "inflation" in a wrong way.
Financial bubbles are normal for assets that have lower supply and higher(of fluctuating) demand. I don't care about the BTC price going up and down and price bubbles being formed on the BTC market. If you hate price bubbles, just use some altcoin with an infinite supply.
Tether is being used by the crypto traders for their own convenience. The crypto traders could sell or buy altcoins for tether as well.
Why do you think that Tether is boosting the Bitcoin price only?

Z-tight

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Quote from: MeGold666 on May 12, 2024, 11:56:37 AM

I will prepare an in-depth analysis of the problem when I catch some time.
Will post in a while.

That will probably be better, what you have said in this topic so far does not really make too much sense and you are comparing unrelated things. I don't know what the problem you are talking about is, but make sure the next post is something most of us can understand, if not forget about it and just take corrections you have received in this topic.

MeGold666

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I will prepare an in-depth analysis of the problem when I catch some time.
Will post in a while.

Topic: Fixed supply doesn't matter (change my mind) (Read 575 times)