I think many people in crypto are only considering the inflation of a crypto compared to itself but I think what is more important is the inflation of a specific crypto in US dollars because everything is ultimately priced in US dollars. Bitcoin's daily inflation in US dollars for example is over 12 million dollars a day now. But when it comes to Litecoin, this number goes to almost only half a million dollars! That's 24x less every day! I've made the following chart for example which shows the numbers for BTC, LTC, DOGE and SWIFT. Keep in mind that SwiftCash aka $SWIFT has a very small community and not even closely as big as something like BTC, LTC or DOGE but it's one of my favourites. Haters gonna hate!
I made this table 5 days ago but it's pretty much the same today so I didn't change it! Let me know what you think below. Do you think the daily inflation in USD matters more than the inflation of the crypto itself? Or do you think it doesn't matter? Explain your thoughts! If anyone can change my mind about the importance of inflation in USD, I'll give them 10,000 $SWIFT lol
this is a good way of thinking about it i believe, nice idea man
traders should consider your words
Inflation is major part of crypto prices yupp, as it shows market support when a coin can rise even through massive inflation of millions of dollars in USD a day
i was talking to someone last week about this and ETH. currently theres like 3+ million USD a day in ETH mined, but prices is stable mostly, what will happen with no more mining?
Exactly. prices are gonna moon, as the support will stay but inflation will end :O