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Author Topic: [CHART] Bitcoin Inflation vs. Time  (Read 523595 times)
mmortal03
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February 03, 2016, 05:55:36 PM
 #461

It would be nice to modify the mining algo and set the halving dates farther.

lol, you work on that.

thanks useful graphs.. i need such graphs. good job..

If you "need such graphs", keep in mind that these are out of date, and it's not helpful to quote the images of out of date charts. I thought someone had made updated charts to accommodate the earlier halving date, but I guess I'm misremembering that.

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painlord2k
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February 07, 2016, 06:26:44 PM
 #462

It would be nice to modify the mining algo and set the halving dates farther.

lol, you work on that.

thanks useful graphs.. i need such graphs. good job..

If you "need such graphs", keep in mind that these are out of date, and it's not helpful to quote the images of out of date charts. I thought someone had made updated charts to accommodate the earlier halving date, but I guess I'm misremembering that.

I did.

https://docs.google.com/spreadsheets/d/17Jjhd_nnfRJ9EyYuOM1ACPMwRod3hhPqRk4YQp7FIZE/pubhtml

https://docs.google.com/spreadsheets/d/1f0m9EWXcREeP1X3P9SjxEWNdc33S_hnL3cuU5zy2ZVI/pubhtml

The red lines are the actual bitcoin inflation over the past 52 weeks
The yellow lines are the present bitcoin weekly inflation projected for the next 52 weeks.

You can see the red line is always (apart a few short times) always over the yellow line.
mmortal03
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February 08, 2016, 12:21:38 AM
 #463

I did.

No, your charts are great, I check them all the time. I was simply referring to the original charts of this thread, updated to account for the halving occurring sooner. Smiley
ekoice
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February 15, 2016, 06:40:46 PM
 #464

since it is related to maths and economics for which most of us are not very interested in but still i would say it is quite useful graph to understand the ratios of inflation with the passage of time.
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February 15, 2016, 08:30:01 PM
 #465

@ekoice If you aren't interested in how many coins you have, you are in the minority.
painlord2k
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February 20, 2016, 06:56:38 PM
 #466

I did.

No, your charts are great, I check them all the time. I was simply referring to the original charts of this thread, updated to account for the halving occurring sooner. Smiley

Nice to hear this.
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February 22, 2016, 04:38:26 AM
 #467

Nice Explanation,

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March 02, 2016, 03:57:19 AM
 #468

I hate math and graphs but interesting point thanks for the information
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March 03, 2016, 01:13:21 AM
 #469

Mining never stop.
Block reward will continue, but will increasingly be composed of fees and not of new coins.
In fact, the new coins will be half than today by July and the fees are increasing just now.

Just how much will the fees be to make up for no block reward.   Isnt this the current debacle over block sizes because if its too small the fees are barely enough.     I guess most global transactions like forex are not cheap, so it does seem possible to cut into this business




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noormcs5
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March 06, 2016, 02:47:36 PM
 #470

According to this chart, what will be the price
of bitcoin at the year end 2016 ?



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Rainbot
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mangox
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March 09, 2016, 04:57:41 PM
 #471

Quote
According to this chart, what will be the price
of bitcoin at the year end 2016 ?

50000usd+ Cool
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March 09, 2016, 05:02:24 PM
 #472

According to this chart, what will be the price
of bitcoin at the year end 2016 ?

It has time along one axis ("Year"), and inflation along the other ("Inflation rate (annualized)"). You can use the chart to find out what the inflation rate will be at the end of 2016, but you won't be able to use it to predict the price. For that you'd need a crystal ball.

This space intentionally left blank.
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March 12, 2016, 10:03:13 PM
 #473

The problem is that inflation does not really affect the BTC price that much.  Because it is so new it is undergoing rapid growth and use. 
Kingno.1
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March 13, 2016, 05:06:20 PM
 #474

When people talk about inflation, it's in the context of whether their money will buy less in the future, and people buying bitcoin as an inflation hedge are hoping that it will preserve their purchasing power better than the dollar.

Nobody cares about money supply except to the extent that it affects prices.
marcus_of_augustus
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March 13, 2016, 09:07:02 PM
 #475

When people talk about inflation, it's in the context of whether their money will buy less in the future, and people buying bitcoin as an inflation hedge are hoping that it will preserve their purchasing power better than the dollar.

Nobody cares about money supply except to the extent that it affects prices.

... and money supply always affects prices, it is the time delay that is unpredictable.

phreaky
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March 14, 2016, 10:08:37 AM
 #476

When people talk about inflation, it's in the context of whether their money will buy less in the future, and people buying bitcoin as an inflation hedge are hoping that it will preserve their purchasing power better than the dollar.

Nobody cares about money supply except to the extent that it affects prices.

... and money supply always affects prices, it is the time delay that is unpredictable.
It takes a long time to increase the value. So we need patience and that is very important in Bitcoin.
I hope more people will sell Bitcoin later with a high price and that they will get some profit of it.
mmortal03
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March 14, 2016, 08:05:43 PM
 #477

Nobody cares about money supply except to the extent that it affects prices.

People will care when we reach the point where we can tell them that the US dollar is being printed at a faster rate than the bitcoin is being mined. Smiley
DannyHamilton
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March 14, 2016, 08:36:12 PM
 #478

People will care when we reach the point where we can tell them that the US dollar is being printed at a faster rate than the bitcoin is being mined. Smiley

That's been true since the day bitcoin started.

The largest ever increase in bitcoin in a year was less than 3 million bitcoin.

In the month between December 2015 and January 2016 the US dollar supply increased by more than 80 billion dollars.

mmortal03
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March 15, 2016, 11:10:43 PM
 #479

People will care when we reach the point where we can tell them that the US dollar is being printed at a faster rate than the bitcoin is being mined. Smiley

That's been true since the day bitcoin started.

The largest ever increase in bitcoin in a year was less than 3 million bitcoin.

In the month between December 2015 and January 2016 the US dollar supply increased by more than 80 billion dollars.

Yeah, I think you have to compare them in like units, or do it on a percentage basis. In other words, those 3 million bitcoins are currently worth $416 each, so you can then extrapolate in USD terms what the effective rate has been over a given time period, or just compare the dollar for dollar amount (which, of course, in that time period, is still less than the 80 billion dollars in current dollar terms).
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April 03, 2016, 03:40:17 AM
 #480

Its great to be able to use this chart as a baseline for future developments to come. Thank you for putting this up for public viewing.





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