Is deflation good for a coin? | Bitcointalksearch.org

resty

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Quote from: ShareAccepted on January 16, 2018, 08:03:48 AM

Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?

Maybe our first impression about this deflation is negative but if we look to its brighter side we can see that it also brings positive things, we just need to explore it.
Like many people here in this forum, they tend to buy Bitcoin when the price dumps and they gain profit after all. I think, in this way, it will be good for Bitcoin for it will become still on the line although it drops hardly.

BabyBoss

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Sometimes deflation is the reason why there is inflation if there's no downs there is no ups. Well we know that it's only between up and down, after down it will going to rise again it will never stick into downs instead it will going to rise soon. It is really good in coin because this will be our opportunity to buy more and hodl more since we know that bitcoin is really potential coin.

torch2121

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For stock market deflation is the perfect opportunity to buy and you will earn as stocks go high in the future. Remember good things happens when waiting.

Dudeperfect

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I am really happy with the correction that took place a month ago because I believe that it will help Bitcoin to stabilize (sweeping greedy entities and bringing back the organic price of Bitcoin for that time) and grow in the long run. Deflation helps coin or stock to bring new force at lower level and down the road this force increases resulting in the increase of the potential. The hype was doing nothing but feeding greedy whales and deflation helps to prevent it.

goku1525

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Quote from: Sanugarid on February 10, 2018, 07:18:27 AM

Quote from: ShareAccepted on January 16, 2018, 08:03:48 AM

Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?

It depends on how will you look at it. For some users, it is n opportunity to invest and earn hugr profit from investing into it whenever its market value is falling. While others are scared of it that leads to oanic selling which is totally wrong. So like most of the things it has a positive and negative side depending on the perspective of a person. Also, deflation is a part of its volatility that is dabsolutely normal with cryptocurrencies.

Buy a coin when the msrket value is initially deflation.Deflation is normal ,consider things and have a positive thinking it will leads you to achieved goals.Take your time and open minded when it comes in trading .Sell those coins if the market value is inflstion then gain a lot of coins.

mu_enrico

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Quote from: ShareAccepted on January 16, 2018, 08:03:48 AM

Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?

The idea why bitcoin used limited supply is based on gold, so in that case deflationary will mimic real world situation
In that case, Bitcoin as a currency imo not really suitable for micropayments but more suitable as a store of value
We will see Bitcoin used as pegged main currency for altcoin's stability
And other micropayment-ready altcoin with more suitable inflation rate will emerge
BTC gold, ETH dapps, and (one or more) "misterious" altcoin as everyday currency

Carmen03

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In general economic theory consensus rules that deflation is bad for for the economy.Typically deflation is a sign of weakening economy. Prices fall due to less consumer demand. In turn these leads to an increase of unemployment numbers.

Sanugarid

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Quote from: ShareAccepted on January 16, 2018, 08:03:48 AM

Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?

It depends on how will you look at it. For some users, it is n opportunity to invest and earn hugr profit from investing into it whenever its market value is falling. While others are scared of it that leads to oanic selling which is totally wrong. So like most of the things it has a positive and negative side depending on the perspective of a person. Also, deflation is a part of its volatility that is dabsolutely normal with cryptocurrencies.

BTC-Market

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I will choose for example bitcoin coin. Bitcoin’s deflationary nature is ultimately good for the long term persistence of a high Why? Deflation encourages investment by stimulating saving—but not complete, indefinite saving, so the economy will not collapse from this deflation. Such investment only serves to strengthen the financial infrastructure being build around Bitcoin, thus reinforcing the Bitcoin value.Granted, Bitcoin is still in its very early stages and no real Bitcoin oriented money market exists; however, deflation still increases the Bitcoin value so that the incentive to build the required financial infrastructure remains in tact.

CHENIEN

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Deflation is a life situation of all cryptocurrencies, it is a way of balancing system on cryptocurrencies. In cryptocurrencies, deflation is highly needed, because without deflation system on cryptocurrencies it will result several losses and it can cause to all cryptocurrencies shutdown. Many people did not understand on the side of crypto management by using deflation system. Many people also complained about price movement. We are only a bitcoin user, our rights are beyond limits only, all we wants to do are followed the flow of management system which can developed on a good operation.

wewe123

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Quote from: dongyi17 on February 10, 2018, 05:08:14 AM

Others consider it good so that they can buy coin that someday they can trade it in when it has fully develop or when the time the value of bitcoin is up they can use it and gain for more possible profit however there are also think that it is not good, because they think it loses the value and what's the use...

It depends on the situation on the volatility of the bitcoin when it is the time of deflation ,it is good for the buyer of bitcoins but in the other side it is not good for the value of coins,and continous deflation could worry the bitcoin holders on what happen to the market index.

dongyi17

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Others consider it good so that they can buy coin that someday they can trade it in when it has fully develop or when the time the value of bitcoin is up they can use it and gain for more possible profit however there are also think that it is not good, because they think it loses the value and what's the use...

BillCoin

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Quote from: donalfonso on February 09, 2018, 11:57:10 AM

Deflation of a coin is not entirely bad, infact its good its good if it sets the coin back to its true value in terms of demand and supply,and the deflation is a means of correction especially when a coin has an over bloated price, extreme deflation is however dangerous and so are extremely high and overbloated price for a coin. both can lead to a crash

It will never get back to its true value because coins will always get lost, which means that people will stop using the deflated coin because it would be stupid to use something that has a deflation rate against something that has an inflation rate.
So people will hold instead of using, the whole financial system condition would be bad and the network is going to die because of lack of usage.
It won't do anything good for the coin at the long run.
Also, the ability to have a control on a currency is not a bad thing sometimes, it helps the government to protect it's citizens.

ronics

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A bitcoin is based on a growing demand for deflationary support to our.how it really leads a currency to people who do not need to use trading or transaction. We should do so to think of a emission rate of all crypto should use this coin many automatic mechanics to adapt to exist .because bitcoin uses trading and most have time for their open it.it is a real thing to develop and have the improvement to solve of stability and pay for issues.

Florc41

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Quote from: ShareAccepted on January 16, 2018, 08:03:48 AM

Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?
[/quote

Deflation happened when the change in prices turns low or negative, when the change in one period is lower than the previous period. When there is deflation the bitcoin people will hold their coin and tend not to spend to have reserves for possible financial losses and will wait for the prices to go up again. Actually it doesn't matter
how many coins there are but how much is the value of the coins when changed to other currency. Ironically bitcoin has no deflation problem because it is a channel for making normal currency transactions, taking over fiat currencies.

joms07

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Most of the bearish views on bitcoin deflation came from economists, who may a babysitting co-op that best explains how deflation might affect bitcoins.

donalfonso

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Deflation of a coin is not entirely bad, infact its good its good if it sets the coin back to its true value in terms of demand and supply,and the deflation is a means of correction especially when a coin has an over bloated price, extreme deflation is however dangerous and so are extremely high and overbloated price for a coin. both can lead to a crash

Hirameki

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Yes, maybe, because deflation of it means an opportunity for people to buy it, law of supply and demand, so when people buying price will go up, your investment on it willalso grow, so i think a deflation in a coin means a good opportunity for us to buy some coins.

badykvik

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Deflation simply is when low prices are purchasing larger goods and services. Deflationary trend on Bitcoin may be dangerous to a coin and may at the same time be good to go for a coin. The volatility of any coin depends on how effective and efficient the coin is at the exchange market to Bitcoin fans, Traders and Investors of Bitcoin. I am not skeptical about the benefits that shall be coin out of a deflated coin, where we shall be able to buy at low price for future storage, how about it's significance effect on the dumpers. Think twice and trade with discretionary cautiousness.

Silberman

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Quote from: ShareAccepted on January 16, 2018, 08:03:48 AM

Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?

The emission rate is defined already and it is doubtful is going to change, after all such a decision will affect every single user of bitcoin, even if the devs only changed the total number of bitcoins from 21 million to 22 million the fact that such a change can be made and accepted will mean that bitcoin is just like any other fiat and people will lose confidence in bitcoin.

BillCoin

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Deflation is not a good thing for a cryptocurrency that is being controlled by the community, and it is also impossible at some cases.
I will explain why.
First of all, the miners that maintanance the network are getting paid somehow.
The payment comes from the inflation, they get newly generated coins, which means that all the holders lose value from their coins(because there are more coins in circulation now), but the miners are getting their pay indirectly.
Deflation can lead the network to die because people would just hold the coins and won't use it( they would believe that those coins are really rare because no coins can be created anymore), and the network usage will dump into zero.

Eugenar

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Quote from: ShareAccepted on January 16, 2018, 08:03:48 AM

Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?

In my opinion it is not good for the coin but is sometimes good for the investors since they will be able to invest as much as possible as its market value gets lower. It opens opportunity to its users. But surely, if it is possible, it would be much better if the market value of a certain coin will continuously increase. But the problem is that most cryptos are volatile so deflations are inevitable.

qumeijia

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Deflation is good to invest money or to trade, but it is advisable to not purchase any coins. Once you have purchased, you should better to hold the coins till the deflation ends.

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Quote from: Vladv26 on February 01, 2018, 06:42:01 PM

I dont think bitcoin is going to be used in the near future as a payment method even though that was one of its purpose because of the high fees. You cant go to a shop and buy food and also pay an extra 2-3$ fee because thats a lot for paying a single time. Also the volatility of bitcoin makes it impossible to be used as a payment method because it can dropp 1000$ in a single day. Of course it can also go up with 1000$ but thr risk is to big

I guess you can do what most payment processing apps are aiming to these days, to immediately convert the transaction into Fiat and get a fee in the process, so that the exchange rate is not relevant for the seller.

Canis Majoris

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Quote from: Vladv26 on February 01, 2018, 06:42:01 PM

I dont think bitcoin is going to be used in the near future as a payment method even though that was one of its purpose because of the high fees. You cant go to a shop and buy food and also pay an extra 2-3$ fee because thats a lot for paying a single time. Also the volatility of bitcoin makes it impossible to be used as a payment method because it can dropp 1000$ in a single day. Of course it can also go up with 1000$ but thr risk is to big

If you mean transaction fees, today they are way higher than $2-3. It is more like $20-30. But you can still use Bitcoin payment cards and don't pay that much because you would in effect be paying with fiat. For big payment processors high volatility is also not a big issue up to a certain limit. But ultimately you are right. It is a vicious circle. No one accepts Bitcoin due to its volatility, while its volatility is due to lack of acceptance.

Vladv26

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I dont think bitcoin is going to be used in the near future as a payment method even though that was one of its purpose because of the high fees. You cant go to a shop and buy food and also pay an extra 2-3$ fee because thats a lot for paying a single time. Also the volatility of bitcoin makes it impossible to be used as a payment method because it can dropp 1000$ in a single day. Of course it can also go up with 1000$ but thr risk is to big

AdamRay

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Yes, it is an opportunity for many investors to know and invest in cheap altcoins instead of high prices a week ago. Many investors in an altcoin are better off than some who invest a large amount of money because they can control their coin value and that is what the altcoin does not like.

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Quote from: malikusama on January 16, 2018, 09:15:30 AM

Quote from: shulio on January 16, 2018, 08:15:54 AM

If a coin aims to be used in trades or shopping it should not have a volitile price value and must have low transaction fees. Otherwise it will never used a trade medium.

Bitcoin will be used for trade at some time in the future but it needs so much development and improvement to solve scability and fee issues.

I agree that nowadays bitcoin is facing major scalability issues like long confirmation time and also high transaction fees,
it needs to improve in order to be use in stores and retailers etc. but you can't deny that for trading volatility of price is much needed,
and that's why bitcoin is perfect for trading purpose.
May be in future scalability issues could be resolved and we would able to use bitcoin in small transactions too like for shops and retailers.

I have a bad feeling about the scalability issues in Bitcoin. There are already excellent technical solutions to those issues and they are either not implemented or only slowly implemented. The miner´s greed is the most serious problem of bitcoin.

reymartH

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It’s more likely that price volatility is more of a threat than deflation to bitcoin right now. Plus it’s hard to tell what will happen to secondary decentralized virtual currencies like litecoin because of regulation. It’s possible that these other currencies might be able to act as a buffer.

di.ako.toh

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We are all aware of Bitcoins and other altcoins volatility of price in the market. Its sudden increase and decrease is the main core or features of having an investments. Through this movement activity, it is where investors come up for profit or loss and decision to strategize their investments. I think it is good for a coin, because it opens opportunity for everyone to make a move whether to buy or sell their coins and these is how investments in the market goes well.

ajmapalo22

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For a currency deflation is not a good idea but as crypto currencies use as an investment purposes rather than a currency deflation is not that bad. Bitcoin become known by its fluctuating value which leads to a sudden increase in its market price and resulting to income for those who hold it others wait for it to drops so they can put some sort of investment for future purposes. If fluctuations will continue I think bitcoin is not goos as a currency but instead an investment

faceoff97

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Quote from: ShareAccepted on January 16, 2018, 08:03:48 AM

Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?

Its actually not preferable to use bitcoin as a form of payment in trading, people cant afford to use it with so high value of transaction fee. People instead use it as a form of asset and investment. Basically, this why bitcoin value continues to increase there were increasing demand from the market yet people instead of selling it just hild it hoping thatvits value will increase over time.

Quote from: IanDev on January 16, 2018, 10:24:21 AM

Deflation is good, because when experts say people won't want to spend currency, they are talking about spending money for luxurious.

People are always going to spend money for food, energy, housing, and so on.

Thats would always be true, people are hoping that bitcoin will make them the new rich one. Personally I wont ever usey coins for mu basic needs, it's like wasting gold for a shit. Money will alway be the better way paying and spending goods and service.

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Quote from: Granslam on January 16, 2018, 09:50:56 AM

Coins now are going through a problem nowadays and its alarming. Even the deflation is good or bad for a bitcoin we cant do something about it because deflation is a normal thing on any coin in the market. We are the main factor why is this happening on the market now.

Deflation is not common to any coin, in fiat it is considered an abnormal situation that requires action because it slows the economy. That is a bit of a problem for bitcoin too.

sister1001

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Quote from: Canis Majoris on January 16, 2018, 08:53:58 AM

Quote from: ShareAccepted on January 16, 2018, 08:03:48 AM

Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?

Bitcoin grows in price not because it is deflationary. As a matter of fact, it has been quite inflationary so far. New coins are created every hour (actually, every 10 minutes on average), so it is inflationary. It grows because demand exceeds supply and that can be true in respect to both inflationary and deflationary coins. If you really want to ask whether a small inflation is better than deflation for a currency, then I will likely agree with you.

You are right , bitcoin has certain inflation for the moment in terms of emission. But it is deflationary in term of what you said: the market. It would be the same for any fiat.

hahay

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Yes I think inflation is very good at cryptocurrency, with this inflation a trader will faster play their money. Applied with investment is also very good we can get profit quickly, it just depends on you, how much you want to gain profit. Imagine if the bitcoin price is stable and the movement is very slow, maybe bitcoin will not be liked by many people as it is now.

fat buddah

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Yes.. there are some projects who are always doing coins burning in order to decrease the supply, and this increases the price of each one of the tokens that are already on the market.

No, those who can print as much as they can are just BS.

Quote from: ShareAccepted on January 16, 2018, 08:03:48 AM

Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?

Canis Majoris

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Quote from: Hydrogen on January 16, 2018, 05:41:40 PM

There may be two sides to the deflationary coin.

On one side, supply decreases. On the other side, the value of the coin increases as it becomes rare. The two forces can mutually compensate to create a balance where they'll cancel each other out.

The main concern with deflation is scale, value and base unit. With 8 digits to work with on the right side of the decimal point, deflation becomes less of a concern.

With real numbers 1 bitcoin is only 1 segment. Using the 8 decimal places to the right 1 bitcoin becomes 100,000,000. That provides plenty of growth space for bitcoin's to be broken up into smaller fractional elements if the need arises, or under circumstances where bitcoin's go out of circulation due to deflation.

There is a third side to this coin which people often miss or forget. When Bitcoin price rises, so do the transaction costs. They may remain the same in satoshis but they definitely grow in dollars. Dollars is what ultimately matters to most people, and the transactional costs become prohibitively expensive at a certain price. So it is not only scale, value and base unit. There is also at least one extra factor at play here.

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Quote from: ShareAccepted on January 16, 2018, 08:03:48 AM

Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?

The market cap is humongous it takes more than a whole country to entirely deflate the supply of Bitcoin. As it grows rapidly due to buyers the price gets higher and the supply slowly decrease its numbers due to its expensiveness. Deflation is part of the cycle.

fritzbird

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Deflation is a normal habitual cycle, everyone would agree with that. But the only good thing I can see and be happy about a deflating
coin is the potential ability, capability and opportunity of anybody purchasing them at a lower and cheaper price.
This gives anyone the advantage despite the negative impact deflation has on everything in the cryptocurrency market.
Deflation may be a usual trend but if it goes down deeper, that would really be bad concern for any individual invested on them.

serjent05

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Quote from: ShareAccepted on January 16, 2018, 08:03:48 AM

Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?

As form of profit yes, deflation is very good for a coin. Look at Bitcoin, with its deflationary feature, bitcoin is expected to increase in value overtime. This will give investors to hold bitcoin and reap reward in the future. I am a fan of this kind of system, the longer we hold it the larger its value, thus it can make the market demands for it more. Early comers which support the coin first will have more benefits since it is just because they had jump to the economy when no one is believing it (confronting Risk and beating it).

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Quote from: ShareAccepted on January 16, 2018, 08:03:48 AM

Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?

price deflation is not very good for coins like bitcoin or other digital currencies, because bitcoin digital currencies are very good and much in use for payments in cyberspace which makes payments more secure and convenient.

Hydrogen

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Quote from: Rinsend on January 16, 2018, 05:48:16 PM

but these two sides can be unstable.
because although supply is reduced, prices may not increase due to problems of cost constraints and other problems so demand does not increase.
and affect prices that will not increase

....

That's probably more of an issue with gold or precious metals whose supply is statically finite.

It may be far less of an issue with bitcoin. In cases where supply becomes an issue and coins are confirmed out of circulation, those coins can be digitally locked and the supply algorithm might be tweaked to issue additional coins to reach 21 M. Technically, that may not be feasible. Even discussions revolving around minor things like blocksize can be subject to a massive amount of internal dispute and public debate.

I think if it ever became a massive problem and everyone could agree more coins needed to be issued to increase supply, maybe something could be done. In which case being deflation wouldn't be as much of an issue as it would with gold or a precious metal standard.

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Quote from: Hydrogen on January 16, 2018, 05:41:40 PM

There may be two sides to the deflationary coin.

On one side, supply decreases. On the other side, the value of the coin increases as it becomes rare.

but these two sides can be unstable.
because although supply is reduced, prices may not increase due to problems of cost constraints and other problems so demand does not increase.
and affect prices that will not increase

Hydrogen

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There may be two sides to the deflationary coin.

On one side, supply decreases. On the other side, the value of the coin increases as it becomes rare. The two forces can mutually compensate to create a balance where they'll cancel each other out.

The main concern with deflation is scale, value and base unit. With 8 digits to work with on the right side of the decimal point, deflation becomes less of a concern.

With real numbers 1 bitcoin is only 1 segment. Using the 8 decimal places to the right 1 bitcoin becomes 100,000,000. That provides plenty of growth space for bitcoin's to be broken up into smaller fractional elements if the need arises, or under circumstances where bitcoin's go out of circulation due to deflation.

streetlight

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Deflation is good because it increases demand of the coin. People will always want to own Bitcoin.

But yes it can be bad as other users have mentioned because people don't want to spend the coins. And specially today with the high fees it means most people want to own bitcoins but not spend them.

Even with deflation we see the price drops many times.

IanDev

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Deflation is good, because when experts say people won't want to spend currency, they are talking about spending money for luxurious.

People are always going to spend money for food, energy, housing, and so on.

DrGuns4Hands

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Deflation time is good for some buyers who will avail bitcoin in cheap price. So when inflation time comes, the value of the bitcoin that you availed in lower price will gain and can be sold in a high price. Thats a concept and importance of taking oppurtunities in a good or bad times.

rynah011991

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Ultimately it really doesn't matter how many coins there are. The relevant issue is not the amount of coins, but rather the total outstanding value of all the coins when priced in another currency. On the other side, If price of bitcoin decreases somewhat good timing to invest and buy more bitcoin because maybe tomorrow the price will continuously rise up.

Granslam

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Coins now are going through a problem nowadays and its alarming. Even the deflation is good or bad for a bitcoin we cant do something about it because deflation is a normal thing on any coin in the market. We are the main factor why is this happening on the market now.

malikusama

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Quote from: shulio on January 16, 2018, 08:15:54 AM

If a coin aims to be used in trades or shopping it should not have a volitile price value and must have low transaction fees. Otherwise it will never used a trade medium.

Bitcoin will be used for trade at some time in the future but it needs so much development and improvement to solve scability and fee issues.

I agree that nowadays bitcoin is facing major scalability issues like long confirmation time and also high transaction fees,
it needs to improve in order to be use in stores and retailers etc. but you can't deny that for trading volatility of price is much needed,
and that's why bitcoin is perfect for trading purpose.
May be in future scalability issues could be resolved and we would able to use bitcoin in small transactions too like for shops and retailers.

Wallflower28

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I guess it is not good for the bitcoin to have either deflation or inflation. The volatility of its price is not about deflationary rather the popularity of bitcoin around the world.
We can say that it is little good for the bitcoin to have deflation but too much of it will cause of its crash or devaluation.

Canis Majoris

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Quote from: ShareAccepted on January 16, 2018, 08:03:48 AM

Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?

Bitcoin grows in price not because it is deflationary. As a matter of fact, it has been quite inflationary so far. New coins are created every hour (actually, every 10 minutes on average), so it is inflationary. It grows because demand exceeds supply and that can be true in respect to both inflationary and deflationary coins. If you really want to ask whether a small inflation is better than deflation for a currency, then I will likely agree with you.

BabyBoss

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Quote from: ShareAccepted on January 16, 2018, 08:03:48 AM

Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?

Since today or this month is the month of bitcoin's deflation this will be the best opportunity for us to buy bitcoin more because we know that bitcoin has more opportunity soon that it will going to rise or the so called inflation. Since there are stable deep of price now because of what Korea did about bitcoin soon I believe that there will become a sharply increase soon. Because bitcoin price is Fluctuation, sometimes it will go up and sometimes it will go down. Because it is decentralized coin.

lyledark10

jr. member

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It would be nice to us if bitcoin has an deflation because the demand will get low. So that we can get more bitcoins

tutorroma

member

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Moderate deflation is beneficial to the preservation of wealth. But deflation is generally relative to development, and moderate inflation is necessary if it needs to grow at a high speed. Of course, from the point of investment in bitcoin, deflation is good.

shulio

legendary

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If a coin aims to be used in trades or shopping it should not have a volitile price value and must have low transaction fees. Otherwise it will never used a trade medium.

Bitcoin will be used for trade at some time in the future but it needs so much development and improvement to solve scability and fee issues.

ShareAccepted

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Bitcoin is based on an increased demand an a deflationary supply, however that eventually leads to a coin that people don´t use to trade or to transact. What do you think that the emission rate of a crypto should be to be used as a coin? Any automatic mechanism to adapt exists?

Topic: Is deflation good for a coin? (Read 545 times)