Bitcoin Forum

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.

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

BTC supply isn't inflated, wtf are u talkin' about?
reread yourself, you seem confused on the difference between price and supply.

Yes, the supply as a number is not inflated, the price is inflated.

Maybe government is letting Tether printer to run for so long so the bubble grows bigger and when they decide to shut it down, people will lose trust in anything that's not being issued by gov and their CBDC will flourish.
But that's off-topic and a conspiracy theory.

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.

The problem I see here is we are at the mercy of this printer owners / central issuers, if Bitcoin had more organic growth backed by usage it would be much more resilient to price control / bubble bursts.

It would still be backed by government printer, but it's less probable that their printer (and all of the money) will be shutdown.

I get your point but the FED and the government should worry more about USDT. I used to think and worry about that a lot too but then I stopped caring for this exact reason. If the owner of the real FIAT doesn't care if somebody somewhere printing fake FIAT, why should I care?

Another possible reason for that is, they are willingly letting bitfinex do that.

Either way it doesn't matter till it matters.

They already printed trillions of dollars out of thin air, what's another 100 billion? Nothing.

So the fixed supply is not really defending us against inflation/deflation as it is all controlled by the printers.
The more money from this printers (especially non-government like Tether) flows into Bitcoin, the bigger the bubble.

What do you mean by saying that Tether can infinitely inflate Bitcoin's price? We trade different pairs of Bitcoin, we can trade Bitcoin to USD, Bitcoin to USDT, Bitcoin to USDC, Bitcoin to DAI, Bitcoin to TUSD, Bitcoin to FDUSD, Bitcoin to Euro and etc... How can tether printing money affect Bitcoin's price? It will only affect Bitcoin to USDT pair, not others.

What do you think about Paxos Stablecoins? PYUSD and USDP? BUSD was backed by Paxos if I remember correctly and users successfully managed to claim their dollars one in one.

Bitcoin is never inflated in price, its value instead increases as we have more demands on it, the supply as well is reduced along the reward for mining bitcoin, you should not use the inflation theory applicable to fiat in comparing to that of bitcoin in a decentralized network, what we have is a fixed supply and the increase in value with time, if you can also remember why bitcoin is a volatile currency.

Unfortunately the price is heavily inflated by Tether with no backing, you can do your own research on that subject.

All other pairs will be naturally affected by it.

This may interest you:
https://youtu.be/eafzIW52Rgc?t=1049 (https://youtu.be/eafzIW52Rgc?t=1049)

You are the only one referring for a price growth as inflation while it’s just a sign that the demand is increasing for Bitcoin. It’s just a simple rule of supply and demand, Bitcoin has a limited supply while the demand is increasing due to its popularity so it’s normal effect is to pump the price because no one wants to sell at low price.

Besides, Despite a shadiness surrounded on USDT. It has an audit for their reserves which backed their value. Tether is not the only stablecoin right now on crypto.

I think that in this case you should be worried about USDT and not Bitcoin. Many stablecoins have collapsed and yet Bitcoin is still leading. If something bad happens to USDT, the decline will be temporary and the price will rise again.
I can say that the current price of Bitcoin is inflated by the dollar printer without real support, something that has existed since the first day of the creation of Bitcoin.

You're mistaken about two different things
- bitcoin is limited so it can't be printed like USDT, this doesn't mean that the price can't be inflated, it means its value can't be diluted because of printing
- any kind of goods and commodity gets a price inflation if there is money poured into it, gold can become inflated, real estate can become so, everything can, the most important thing is that you don't care about it since it grows in value while the fiat counterpart goes down.


How the fuck is an asset that grows in value while fiat loses value due to inflation not protecting you?

if bitcoins price only rose due to fiat money printing inflation

EG
if 2009 had fiat at $15trill and 2024 had fiat at $30trill .. and where 1btc was 1/21m
EG 2009
1btc was $714,285 in 2009 as being a max goal
EG 2024
1btc was $1,428,571 in 2024 as being a max goal

you would have a point

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.
bitcoin has its own community of desire, needs, utility and usefulness separate from taxes, fines, labours, debt

the facts of POW, halvings and mining costs play into bitcoins value market and premium market prices.. more than the fiat pressures of fiat laws and fiat politics that play on fiat markets

Do you think when Tether added more supply, people who own Tether will completely invest in Bitcoin? they can buy any coins they want and Bitcoin a lot pair, it's not only BTC/USDT. Actually Tether should be concerned because they're not completely backed with USD and the government will launch their own stable coin sooner or later.

It's true Bitcoin fixed supply doesn't really matter because what's the point to have fixed supply if there's no demand? that's why Bitcoin's value isn't only the fixed supply.

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.

There are 2 components of the price: the price to get Bitcoin via PoW and the speculation "add-on". Tether part is speculation and can burst at any second (and it usually does in crypto winter).
On the other hand, the fact that the supply is fixed comes with acknowledging that bitcoin is very scarce, hence inviting the ones smart enough to invest in it. And from there the price grows in a correct, organic manner.

However, you may not care about this, or maybe you just want to troll. And a famous quote pretty much applies here:

lmao... if it's off topic, why do you create... a topic?
just don't make threads for the sake of making threads, your op makes zero sense

"the supply as a number"???



if what you wanted to do was to convince us that USDT is not backed, create a thread about that.
don't mix everything just to make it look like you know what u're talking about

do better.

Supply has never been a problem, it's just peoples like to make this issue important to the investment process.

I have an example of the value of a product, like a stone that exists on the planet we live on, is it infinite or not? The answer would be yes, but the material and monetary value of use is not really worth taking seriously, like the product is not labeled with a price, and if anyone can access it, the numb can't either. I don't think price matters. And the story of water is truly infinite in its cycle but it is necessary for us so it will receive a corresponding price.

Returning to the crypto market things like bitcoin, eth, doge, xrp,... are all tied to fiat value and we can convert them to facilitate life's needs, and the supply problem is only is the way some parties want to manipulate something to seek market share in the field.

The price is not inflated but based on normal supply and demand, change my mind 8)
I'd even argue that the price is being kept low by governments that do not allow the market to do its thing but go as far as to issue statements on what in their opinion bitcoin is and how much power it consumes.


You seem to only see the part when tether is used to buy bitcoin, but not the other way round. During crashes a lot of bitcoin is being exchange for it and this puts things more or less in balance.
If it's so bad, why do people escape to it and not to USD? The answer is again the government and stupid tax laws that influence the market. Without these laws people wouldn't have to use Tether but could freely and with no limits turn bitcoin into fiat money.

When the Tether scam finally crashes and burns the BTC ecosystem will be set free from a huge pending crisis. Obviously, the supply of Bitcoin is not being inflated. Fixed supply does matter, whether you believe it or not.

It does to certain extent. It increase the value of a product in the minds of humans.
Besides Fiat would continue falling in value and has fallen by more than 95% since the 19's
And anything or most goods or service not Fiat would increase in value in relation.
About tether,  I have no idea how something that came up around 2014 can influence Bitcoin of 2009 not withholding it has been rising before the advent of tether.
Bitcoin price is not really been inflated. It's kinda relative. let's take two runners A and B both running at 30Km/h and A speeds starts declining to say 24Km/h while the B moves
to 31Km/h doesn't mean the speed of the B has increased by 7Km/h
It just shows the other speed has fallen. This is similar to Bitcoin/other goods or service and Fiat.
While it falls overtime the others are barely affected or even increase bit the fall of Fiat makes the increase seem pronounced.
Bitcoin is an asset
People value it for its fixed supply among other benefits
So that's proof that it matters.
Customers desires plays a role in the price of any goods.

Surely it seems very attractive after being a part of FIAT system, but my point was that it can be abused indirectly with artificial price growth and financial bubbles we all know from FIAT world.

Significant part of current price is due to Tether printer and not actual demand.

So the fixed supply does not defend from bursting of this bubbles as Tether can collapse any day while USD will be just fine, what won't be fine is the Bitcoin price diving uncontrollably due to massive panic sales.

Most people on the forum would probably agree with these points, imo. At the same time they will be critical of the topic title, maybe this discussion should be a Tether topic in altcoins? 

I think you’re not understanding it as you should. Fixed supply means that the total supply is fixed and can’t move. This is not because Bitcoin is worth a lot of money today. What it means is that even if Bitcoin because $1 for each, we still can’t have more than the defined total supply. This is very different for a currency that doesn’t have a fixed supply and keeps on getting created. Its value will keep decreasing due to increase in the total supply.

In a nutshell you saying Bitcoin has no significant Demand.
The thing is anything that occurs to big player in the market affect everyone
Yes Bitcoin would dip
Not the first time nor the second nor the last
But it would surely rise higher when everything calms.
Like I said Bitcoin survived without Tether for 5 years while still a toddler
How wouldn't it survive without it as an Adolescent.
The fixed supply like I said is one of the reasons many people place value on Bitcoin and because of the scarcity in the future.
People would want to own it now that's cheaper
It's like land
It falls during economic crisis or war
Despite having limited supply and substantial uses
Doesn't mean it wouldn't pick back up when everything settles
Why?
Because it's limited in supply, needed and would increase as time goes on.
You don't have to over think it
Usdt isn't the biggest problem of Bitcoin.

That's a bold claim.


Times have changed, Bitcoin was once used due to it's privacy but when that dropped DNM's replaced it with different project.
People still tried to use BTC privately but the recent attack on mixers will shift this people to different solutions.

So far no one was able to change my mind, the outcome is the same as if the Bitcoin supply itself was inflated.

It does matter, with an endless supply, that would mean that we can just wait for more bitcoins to be mined and the desire to acquire it is just too low which means that there's lower demand and the prices would be lower, you can't do what DeBeers did with diamonds to bitcoin, large supply but through conspiracy, being able to inflate the price. Look at all these altcoins out there with billions in total supply if not bottomless, are they as desirable to acquire as bitcoin, what's their current price?

Likewise your statement that Bitcoin supply is inflated.
in essence you mean Bitcoin price is overrated. It shouldn't worth is current amount?
Well value sometimes is subjective
To you it isn't worth it
To others it's undervalue
Everybody has their view
And as Adult be ready to face the consequences of their decision.
Not trying to change your mind
Just pointing out my view.
Bitcoin wasn't created technically for privacy but decentralization system which because of scalabilty is failing out but it has grown bigger than just a peer to peer system.
The different solution like Privacy coins? That the government are actively fighting against?
Or methods like atomic swap that still makes use of Bitcoin?
Privacy was the single reason many option for Bitcoin.
The thing you neglecting is the belief of the public
Bitcoin is the face of the cryptoworld and for cryptocurrency to stay alive Bitcoin has to be alive
There are coins with better privacy, better scalabilty and functions but Bitcoin still remains the first because it's Bitcoin and still remains practically the most decentralized blockchain.
That assurance itself is a utility.
It's profitability is a utility.
The cost to mine a BTC also adds to its value.


If you believe it's useless and has nothing to offer then take it as a collectible with potential.

It would be great if we can see your reasons why you believe such
How do you put it again
Convince us that Bitcoin supply is inflated
Personally look forward to understanding your view.

As much as I understand the point you are trying to make, which actually can and would have been true and justifiable only if bitcoin and tether were a product of the same company, or under the same company.
But the fact that Bitcoin is a stand alone crypto currency that is not controlled by any company or individual, make bitcoin imunune to any form of price inflation, tether has and can't inflate the price the price of bitcoin, if they need bitcoin, they have to buy it from the open market just as everyone does, and for them to make any profit, other  investors have to also invest in bitcoin too, which means that when the demand for bitcoin becomes high, it's price rise according to the level of its demand, tether has no way of inflating the price of bitcoin, before you even imagine this, you would have first tried to find out how many bitcoin tether (as a company) has in their custody, and also check at what price they bought it, then compare that to the current price of bitcoin, then tell us if it was tether that inflated it's price.

https://youtu.be/eafzIW52Rgc?t=1049 (https://youtu.be/eafzIW52Rgc?t=1049)

Basically what is happening right now is deflation by inflating the price of Bitcoin through Tether printer without real backing.

When this breaks (and it will break at some point) the outcome will be the same as if the actual supply of BTC was inflated as the value will drop significantly (as if the supply was increased).

It's good that it's fixed as at least we're not attacked from both sides but the threat remains the same.

please stop using terms you don't understand.

deflation by inflation? really? stop looking for attention. you're just embarrassing yourself.
people replying to you are just trying to increase their post count... but again your whole thread makes zero sense.

I have studied economy for few years so I think I understand the words I use here in the discussion.

If it bothers you that much, maybe find some other thread to discuss.

Bitcoin isn't immune to inflation, it's just Inflation Resistant.

Lol you funny. If they or I plan on increasing Post count then I just have to post in the gambling board
There atleast I can receive a bonus on my campaign
I'm engaged because I'm curious and enjoy economics like alot
Though I had to switch option for personal reasons my love still remains.

Okay I think now I get what you saying
But like you said "as if the actual supply was inflated " does not mean it was inflated
It just look like it because the price falls and it would experience a dip like inflationary coins
Doesn't make it same as inflationary coins.
I shoot a goat on the head it dies
I shoot a human on the head it does
They both died doesn't make them same.
I think I would go with Devaluation through inflating price since we talking about currency and what you implying is Bitcoin price is inflated then it wouldn't just be Bitcoin
Every goods and services in this world price are inflated including land
And if it burst like you said
The price of everything would fall and if it does
Then it's like nothing relatively fell and Bitcoin value would still be around same since it wouldnt be the only thing affected.
Tether in the long run is meaningless.

Why would everything fall with Tether and Bitcoin ?

Every cryptocurrency would be affected with varying degree but outside it wouldn't make an echo.

I'm talking about Fiat not tether.
Like I said tether is meaningless in the grand scheme of things
Fiat yes that I can consider.
If it's just tether then I don't really see the essence of the discussion because the highest it's fall would do is make wave that would affect weak hands and once everything settles recovering creeps in.
USDT isn't the only pair in the market
If you hell bent in believe tether can affect Bitcoin supply then I would have to give you the win
Because I believe its pointless.
Besides Bitcoin inflation decreases over time until it would get to zero and then move to the negatives

It was fun while it lasted I guess.

I think you underestimate the effect of Tether collapse and I wouldn't count so much on the recovery phase.

Let's say price recovery is successful, there will still be a period (who knows how long, could be years, could be decades) where the Bitcoin you now own will buy you less goods in this period, as if... it was inflated.

I guess we agree on the threat but not necessarily on the impact power.

I personally don't believe in recovery at this level of magnitude as the mining industry would collapse.

I had to read more of op's replies to get an understanding of op's argument because it wasn't clear from the original post to me. Bitcoin's price is not getting inflated. The price is determined by supply and demand: since the supply is fixed (although still growing slowly) but the demand is increasing over time (as more people get to know Bitcoin and want to try it out), the price grows in the long run. To me, it has nothing to do with Tether, and Bitcoin isn't "controlled by the printers". Sure, Tether is traded a lot against Bitcoin, but that's just out of convenience, since the price of Tether is pegged to the USD.

Thank you for your time, my English is not the best and sometimes I have trouble expressing my thoughts.


The equation is still valid in this threat model, the problem here is with creating fake demand.

Do you have the data to back this claim that fake demand was created?


I don't
I know how much it would affect the market. It has the highest daily trading volume and it's fall could lead to a crash in cryptocurrency
Doesn't necessarily mean it would end it. People have tasted digital currency
They wouldn't want to let it go.
diminishing marginal returns would creep into Bitcoin but not now and not immediately to this extent and yes the recovery took years but the Market survived that's what I'm trying to get across.
It would be inflated if the supply wasn't fixed. Resources get expensive because of scarcity. If Bitcoin let's say gets to $1M that would be ≈$21 trillion neglecting lost Bitcoins and Fiat is circulation is around $2.3 trillion today
Now imagine the value it would be for a depreciating asset whose supply can be infinitely increased.
Even if Bitcoin fails and falls it wouldn't be because of tether.

The problem is that large portion of Bitcoin is currently backed by Tether (due to mentioned convenience), and Tether company buying Bitcoin as collateral to... their printed Tether (which is creating fake demand).

Even if the demand would be all real it still falls into the same threat pit as this investors will have trouble recovering money from Tether scam for reinvesting again in Bitcoin.

I wonder how Tether benefits from an increased supply of USDT though, unless they are holding other cryptocurrencies. Because assuming they don't (not in any meaningful denominations, actually, relative to the amount of Tether they printed), USDT to USD is relatively stable. So barring some trading against their own token, I'm not sure how that helps them actually.

Except for maybe business contracts they get with other firms as the result of Tether being the #1 stablecoin. But that's the only thing I can think of.

They can basically inflate Bitcoin price on demand and buy it practically for free as they control the Tether printer.

It's a loop that creates a bubble.

I am having a hard time understanding you, BTC is not backed by tether, it is not backed by anything, but its active community that buys and sells it, gives it its value. Usdt is backed by the U.S dollars they claim to have in their reserves, and that is why it is pegged 1-to-1 with the U.S dollar, though i know there are so many usdt coins backed by thin air.
If you are holding BTC, then you are holding BTC, if you are holding usdt, then you are holding usdt, the failure of one does not affect the other.

Tether is not being backed 1-to-1 with USD for a long time now, according to Tether company. It is pegged, until it isn't.


Yes, number of coins you hold won't change - ever. But the price will and Tether collapsing will have indirectly the same effect as if more Bitcoin was printed (more than the scheduled emission).
Unless it will recover from that massive collapse which I already expressed my opinion about.

Another question regarding this scenario is, how many people will not panic sale and will be able to hold until it recovers - in result many will be affected as if it was inflation of coins itself.

Because you don't want to listen and you try to convince others of this.

You're like a guy claiming that Mt Everest is 2000 meters tall and unless someone comes and plants more than 2000 1 meter sticks one after the other till the top you won't believe it's higher than that. And when somebody finally does you argue the sticks were not 1 meter but another length, and so on!

So rather than convincing you, how about you prove your theory with numbers, a collapse of tether (for what reason and why and at what intensity) that would trigger a collapse of Bitcoin to the same levels...as? What levels? Where do we even stop thinking bitcoin is not fighting inflation because if you go long terms you would need Bitcoin to fall below $1 to prove your theory and I am certain you won't be able to prove this will happen in case of a tether collapse!

You have missed the point of this thread my friend, it's not about Tether (which was brought up for discussion to explain more easily) - it's about the fixed supply not defending against this inflation threat.

And I say it does prove me wrong! See how this works?  ;)

Sipping coffee while waiting for someone that could abolish this threat...  8)

This is arrogance from OP. You better learn how market, economics, and money system works too. In a nutshell, any thing in value the greater the scarcity the greater is value. While bitcoin price may get higher, the cost of living gets higher too. Since there is scarcity, only small population have the ability to control its price it could be sold in higher prices.

So don't focus so much in Bitcoin when analyzing it. Focus on other aspect that people also need because that affect the prices of other assets. It's the housing systems, interest rates, indices. Because after all those are built by people who deemed it to make lives people better. Not just as a ticker on the market.

you studied online? on youtube?

bruh you're posting nonsense.
if your take is bitcoin's price only holds because of tether and tether is a scam, just say that.
don't go posting shit like "deflation by inflation" (rofl), "fixed supply can be infinitely inflated"(omg).

seriously, i understand you want to inflate your post count but you're only deflating your overall reputation.

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.

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?

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.

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

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. 

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.

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.

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.

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

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.

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.

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.

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.

what about the joe biden printer? he's printing money out of thin air like CRAZY.

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.

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.

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.

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?

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.

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.

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?