Topic: Is limited supply money such as Bitcoin better than the ... - page 2. (Read 685 times)
Awww i think investing in bitcoin is better than Gold.. And i also think that gold is not better.. well it totally depends on you that what you chose or what you skip..
Well, gold has limited supply too. The ancient world has been using scarce currencies with limited supply for good reasons until recently.
Why people choose Scarce currencies over unlimited ones
1. Scarce is valuable and attractive
2. Scarce currencies are hard to fake.
3. They are hard to manipulate.
4. Requires alot of hardwork to create.
5. They last very long
6. They increase in value
Why people choose Scarce currencies over unlimited ones
1. Scarce is valuable and attractive
2. Scarce currencies are hard to fake.
3. They are hard to manipulate.
4. Requires alot of hardwork to create.
5. They last very long
6. They increase in value
If the universe is infinite, there is an infinite supply of gold.
Well, gold has limited supply too. The ancient world has been using scarce currencies with limited supply for good reasons until recently.
Why people choose Scarce currencies over unlimited ones
1. Scarce is valuable and attractive
2. Scarce currencies are hard to fake.
3. They are hard to manipulate.
4. Requires alot of hardwork to create.
5. They last very long
6. They increase in value
Why people choose Scarce currencies over unlimited ones
1. Scarce is valuable and attractive
2. Scarce currencies are hard to fake.
3. They are hard to manipulate.
4. Requires alot of hardwork to create.
5. They last very long
6. They increase in value
There will be a rational deflation on a very low supply than that of infinite supply in term of money which as at today we have inflation in every country currency of nothing less that 2% .
But in cryptocurrency it is in order way round d which I think is far better and will add value to what you have currently in future rather than devalue o
unlike money.
But in cryptocurrency it is in order way round d which I think is far better and will add value to what you have currently in future rather than devalue o
unlike money.
The normal system of money has history of experiencing inflation but bitcoin being a limited supply of money can evade such problem that are encounter by the other form of money. But I feel when bitcoin becomes widely accepted it would have to adjust to demand
Is limited supply money such as Bitcoin better over the current forms of money?
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
It is necessary to take into account that any money is just the equivalent of our existing material values and the cost of the services provided. Cryptocurrency has several advantages compared with the usual currency of the states, however, it has several disadvantages. Therefore, it is hardly possible to compare them among themselves. These are completely different financial assets. Let them better complement each other with their different capabilities. For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
Is limited supply money such as Bitcoin better over the current forms of money?
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
Limited supplies such as bitcoin have the advantage of very fast fluctuations. gold and dollars because they were created in large numbers they cannot have a fast and high price increase like bitcoin, so I think the limited supply of bitcoin has these advantages and is better than gold and dollars in terms of rising values. For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
Is limited supply money such as Bitcoin better over the current forms of money?
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
Everything has its own limit. I believe you do not know about the currency printing revolution in the marketplace. We see the people are want to have money but to stop some problems only this taxation, land charges and many things have been implemented.
This bitcoin is decentralized money so no one can have the control over it. In that big place bitcoin is standing now. I am not sure how you are saying simply it has limit.
Is limited supply money such as Bitcoin better over the current forms of money?
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
Gold can be found, but the metal is not unlimited in existence. The concept of "scarcity" can be used here. The more the scarce something is, the higher the value of that thing will be. Look at what happened to countries that started to print money. The value fell down and became totally worthless. But since, the amount of bitcoin is limited, as more people starts to adopt it, the value will eventually go higher.For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
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Is limited supply money such as Bitcoin better over the current forms of money?
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
It determines the aspect you're talking about actually but we both know that if the demand of currencies printed is lower than supply it will lead to deflation or negative inflation and with bitcoin having a limited supply is better than fiat currency have excess supply. However, if bitcoin reaches the total 21 million coins it demand will be off limit. For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
Is limited supply money such as Bitcoin better over the current forms of money?
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
Limited supply prevents hyperinflation, which is a major problem with fiat. Humans cannot resist the temptation of having too much of the good stuff, thus making it less valuable in the end. Bitcoin cannot be issued or found more than expected and technologically possible. This takes the power from people and institutions, at least in a way not letting them make the currency less valuable. A lot of economists think it's a bad thing, though. They argue that if money gets more valuable, people are not encouraged to spend it ("I won't buy it today, because it will cost me less tomorrow" thinking). However, this assumption presumes perfectly rational agents, and people are not like that. In practice, there just haven't been to many cases of deflation to see whether it's a good model. There have been lots of problems with inflation, though, but economists are blinded by their theories, so they don't seem to care. For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
Is limited supply money such as Bitcoin better over the current forms of money?
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
do you discuss this for an investment value or the use of a currency?For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
in my opinion, if viewed from an institution or country, the money supply should not be limited but can be regulated by the responsible institution. if a country has limited money but their country does not have the potential to develop then the money will not have value and the country will be destroyed. we are not talking about the benefits of having coins. coins are used as their function.
Actually fiat money and digital money are still interdependent. Digital money is bought with fiat money, and digital money can be exchanged with fiat money such as usd, euro and others.
The primary aim of Bitcoin creation was to be a payment method and not a currency.
A medium of payment can be called as a currency therefore bitcoin's creation was meant to be a currency and it's just the same as payment method.I think you are wrong, not all payment methods are currencies, for example gold, gold can be a legitimate payment method and gold remains not as a currency. One more, I have bought something in the PlayStore, I use the method of paying credit, then is the credit recognized as a currency?
Actually, if seen from Satoshi's goal, it is true, he created bitcoin to make new innovations in transactions between P2P-based users and decentralization.
Is limited supply money such as Bitcoin better over the current forms of money?
I think yes, because bitcoin is more unique than infinite fiat. The popularity of bitcoin is increasing, of course not only from the system it adopts, but from the amount of supply that is increasingly scarce, therefore many people see the potential for bitcoin, so they use it as an investment field.
Well for me is not.my own reason is that we still need a fiat money. Why Im saying that bitcoin is not better than current money because money is use all over the world unlike bitcoin is limited use by selected countries.as we all know some country ban of bitcoin.although the value of bitcoin is better than fiat money. But I believe bitcoin is the money of the future.
The supply and demand of currency are important in the increase in its value. If a currency has it's limit, the value could still rise better. If a certain currency has no supply limit the demand would have its limit in return and it will affect its value as well as the market flow.
In any form either as a Crypto or other traditional physical assets, it is always important to maintain the supply of currency because then and then only the asset earns the value and market start responding to that value. The unlimited supply of the currency lowers the currency value in the global market.
Bitcoin is actually not the money by definition but it could be used as such. And its limited amount is kind of disadvantage but it's wrong to think that fiat currencies could be "printed" just like that, that would cause inflation and other iregularities. Every currency has its rules how it's functioning and how it's part of financial system. So Bitcoin has its own defined framework and once supply is filled that might cause increased demand.
Is limited supply money such as Bitcoin better over the current forms of money?
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
The debate between proponents of low but perpetual inflation (like Monero) and those who favor a hard capped supply (like Bitcoin) will probably continue for decades. The jury is still out on that one.
But I think we can all agree that having a predictable supply and inflation rate combined with relative scarcity is vastly superior to the unpredictable supplies of fiat money or gold.
When it comes to money, the more information users have, the better. The transparency of money supply in cryptocurrencies like Bitcoin is unparalleled.
I agree with this, cryptocurrency's scarcity and limited supply helps it save it's value and it is indeed superior to fiat where central banks can print endless count of money which in some countries caused hyper inflation.
Is limited supply money such as Bitcoin better over the current forms of money?
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
The debate between proponents of low but perpetual inflation (like Monero) and those who favor a hard capped supply (like Bitcoin) will probably continue for decades. The jury is still out on that one.
But I think we can all agree that having a predictable supply and inflation rate combined with relative scarcity is vastly superior to the unpredictable supplies of fiat money or gold.
When it comes to money, the more information users have, the better. The transparency of money supply in cryptocurrencies like Bitcoin is unparalleled.
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