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Author Topic: [CHART] Bitcoin Inflation vs. Time  (Read 565979 times)
nipplechild
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October 13, 2017, 04:47:28 PM
 #681

I only recently learned about Bitcoin, but it really put together everything I studied during my economics/commerce degree. Inflation is broken, CPI ignores money markets, unemployment is under-reported, GDP is horse!@#. Central banks are propping up the financial markets, creating an illusion things are better than they really are. There's only one end to this; complete abandonment of the current financial system.  
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Gameflip ICO
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October 13, 2017, 07:13:20 PM
 #682

I think Bitcoin has nothing in common with inflation. It is a tool against it. As it cannot issued more than 21millions of coins
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October 14, 2017, 09:52:39 AM
 #683

The increase of the bitcoin economy is good new to me. My only concern is when the government intervenes with it, will it still be the same? Because as of now many of us are experiencing the worth of bitcoins in our lives. Hopefully, the government will not take that from us.

I agree.
if only the goverment ain't intervene with it, we could be happy.
like china wanted to do few days ago
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October 17, 2017, 02:19:00 AM
 #684

2021-2025 should be really interesting in my opinion. At that point were really going to see the crunch for people not being able to get the coins they need. So few are going to hit the market and at the end of 2025 we basically start really seeing us moving asymptotically to 100%

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Walked_by
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October 17, 2017, 05:17:12 PM
 #685

I don't know, how much time did you dedicate to it, but this statistical analysis is perfect. Thanks for visualization. People need to be referred to your post when asking similar question over and over again
viktors7
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October 17, 2017, 05:30:33 PM
 #686

That chart does not even perform cus you would have to implement the bitcoin drop and so on.
mmortal03
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October 17, 2017, 05:32:37 PM
 #687

That chart does not even perform cus you would have to implement the bitcoin drop and so on.

False.
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October 19, 2017, 02:45:37 PM
 #688

The value of BTC is chaotic.It is not only provide and need, but need for privacy.
nethan1btc
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October 21, 2017, 09:51:15 AM
 #689

The value of BTC is chaotic.It is not only provide and need, but need for privacy.
I think bitcoin its mostly price deflation going on, due to the rapid acceleration of services, big competition and price increase of bitcoin.
It can have a big time inflationary, however in time supply and demand can have an effect for such a long run that's why it's hard to calculate price inflation of bitcoin.
Didle1938
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October 21, 2017, 10:02:31 AM
 #690

Even however the bitcoin had a hiccup, its nonetheless value considerably more than the greenback.
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October 21, 2017, 04:40:19 PM
 #691

I think countries as Venezuela, with stagflation, could use BTC as a tool to fight the inflation.
Grapt1961
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October 21, 2017, 09:45:48 PM
 #692

ya,that is so accurate.However, with the large inflation charge of bitcoin.Dogecoin, litecoin or others are in the market place,so up coming query these kinds of as what is the various of cryto-currency with currency presently when the value is higher and another new cryto-currency is designed?
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October 22, 2017, 07:48:12 PM
 #693

Bitcoin represent the door through which we have found the cryptocurrency, this is the maine reason why i believe that bitcoin will keep rising no matter if the mining will stop. This currency is the root of cryptocoins, it is involved în every market, it is equal with the word hello every morning.
cryptohashsmoke
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October 23, 2017, 02:20:32 AM
 #694

The increase of the bitcoin economy is good new to me. My only concern is when the government intervenes with it, will it still be the same? Because as of now many of us are experiencing the worth of bitcoins in our lives. Hopefully, the government will not take that from us.

I'm not sure which government you are specifically referring to (if any), but it is inevitable for governments to eventually step in due to the obvious tax ramifications.

However, needless to say people will continue to find ways to operate under even the strictest of regulations.
Didle1938
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October 23, 2017, 02:54:21 PM
 #695

Even although the bitcoin experienced a hiccup, its nonetheless worth much far more than the dollar.
Redanim
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October 24, 2017, 04:11:34 PM
 #696

The difference between bitcoins and fiscal currencies is precisely that they are absolutely not subjected with inflation and they are not affected by dollar, euro, yuan and other currencies. But there are fluctuations in its own course. It must be monitored. Bitcoin not depends from the time.
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October 26, 2017, 06:14:55 AM
 #697

The difference between bitcoins and fiscal currencies is precisely that they are absolutely not subjected with inflation and they are not affected by dollar, euro, yuan and other currencies. But there are fluctuations in its own course. It must be monitored. Bitcoin not depends from the time.

You probably think dollar is inflating because they are printing lots of dollars all the time? That's somehow true, but same affects also bitcoin because more coins are generated by mining. There are just much less new coins.

Ps. Thanks for OP for the graph.
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October 29, 2017, 08:07:24 AM
 #698

I think Bitcoin has nothing in common with inflation. It is a tool against it. As it cannot issued more than 21millions of coins

Yes, inflation in Bitcoin is so low, so low that it does not even have to be calculated, it is the best protection against inflation.



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October 31, 2017, 12:25:38 AM
 #699

The difference between bitcoins and fiscal currencies is precisely that they are absolutely not subjected with inflation and they are not affected by dollar, euro, yuan and other currencies. But there are fluctuations in its own course. It must be monitored. Bitcoin not depends from the time.

You probably think dollar is inflating because they are printing lots of dollars all the time? That's somehow true, but same affects also bitcoin because more coins are generated by mining. There are just much less new coins.

Ps. Thanks for OP for the graph.

Inflation relates to the monetary base expansion, dollar is the worst of all here because new dollars far exceed growth in the economy.   Gold has received more mining then was ever possibly produced prior to the industrial revolution however it still matches population growth globally so is not devalued effectively.
Bitcoin deliberately tries to regulate its mining and rate of production, I actually think the blocks should be produced faster such that technology can secure but its not set that way and so we had previously a problem with a backlog.

The reason dollar is far worse is because its only control is politics, not business or capitalism but the uncontrolled spending by a centralised power.   Worse still this currency is used all over the world in economies not related to its origin and is held as world currency.  This has allowed great distortion in its value to continue without great feedback.   I think its a reasonable assumption that when the standard fails it will have a vast acceleration in inflation and its possible dollar has no worth at all because of loss of confidence.

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November 02, 2017, 12:56:34 PM
 #700



Very interesting discovery. It would be interesting to hear what Economics professors would say about this.

It depends on your professor, really. Some are intelligent and open-minded people, others more or less stuck to their old habits and theories. How many of them can accept this, I cannot even guess.



Well, we know Professor Bitcorn can't handle it. Tongue
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