ellen_me
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May 20, 2014, 02:21:56 PM |
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I think the reason that the price has going down is because a lot of people have bought in on bitcoin but they don’t use them, If no one uses bitcoin they won’t have any value. Simple as that ; You have a point. Too much hoarding will destroy the coin.
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ZephramC
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May 20, 2014, 03:43:28 PM |
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I think the reason that the price has going down is because a lot of people have bought in on bitcoin but they don’t use them, If no one uses bitcoin they won’t have any value. Simple as that ; You have a point. Too much hoarding will destroy the coin. An too much spending will destroy the fiat.
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Mazu
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May 21, 2014, 02:01:23 AM |
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What happens if the last bitcoin got discovered? Than there is no real inflation anymore... Does that mean, that there isn't any currency which works for ever? I think that every currency need to have a big crash with a full restart from time to time, because endless economic growth is just impossible.
You forget that inflation (i.e. price inflation) doesn't depend on money supply only ("last bitcoin got discovered")... Mention that the printing of the $ i.e. would have been stopped 50 years ago, than I'm sure that there wouldnt had been any inflation in general since then any more, why? Because economy is growing and money gets lost. The disadvantage of the bitcoin then is that riches and influence is shifting to the top even more as in case of fiat money. I hope this feature is not desired in view of the developers
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deisik
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May 21, 2014, 09:11:01 AM |
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What happens if the last bitcoin got discovered? Than there is no real inflation anymore... Does that mean, that there isn't any currency which works for ever? I think that every currency need to have a big crash with a full restart from time to time, because endless economic growth is just impossible.
You forget that inflation (i.e. price inflation) doesn't depend on money supply only ("last bitcoin got discovered")... Mention that the printing of the $ i.e. would have been stopped 50 years ago, than I'm sure that there wouldnt had been any inflation in general since then any more, why? Because economy is growing and money gets lost It is not given. There would be many hidden effects that could turn the things any imaginable direction (or that we can't even fancy of). Growing economy with no corresponding growth in the money supply would ultimately lead to a severe economic crisis or even economic collapse, with all ensuing consequences...
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boumalo
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May 30, 2014, 06:35:30 PM |
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I think the reason that the price has going down is because a lot of people have bought in on bitcoin but they don’t use them, If no one uses bitcoin they won’t have any value. Simple as that ; You have a point. Too much hoarding will destroy the coin. People sell when they need the money or when most their wealth is in bitcoins and they made a huge profit
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joeventyra
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June 06, 2014, 11:17:41 AM |
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I think the reason that the price has going down is because a lot of people have bought in on bitcoin but they don’t use them, If no one uses bitcoin they won’t have any value. Simple as that ; You have a point. Too much hoarding will destroy the coin. People sell when they need the money or when most their wealth is in bitcoins and they made a huge profit Not totally true. People most often sell when the currency is losing its value...
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Crypto world is on the way to eruption.
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immeraba
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June 06, 2014, 01:21:34 PM |
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Doesnt the fact the BTC is limited in coins make inflation impossible?
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boumalo
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June 06, 2014, 01:41:00 PM |
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Doesnt the fact the BTC is limited in coins make inflation impossible?
Bitcoin is inflationary in the sense that the amount of bitcoins are going up everyday until we reached 21millions The amount of users and the world wealth will likely increase enough for the price of Bitcoin to rise in today's USD and it will rise even more in USD since the FED is creating USD like there is no tomorrow
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Ashbite
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June 13, 2014, 02:25:35 PM |
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it is very simple why bitcoin doesnt take off. There is constantly new hardware, companys run this hardware and instant dump their coins. This will come to an end eventually.
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boumalo
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June 15, 2014, 11:02:34 AM |
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it is very simple why bitcoin doesnt take off. There is constantly new hardware, companys run this hardware and instant dump their coins. This will come to an end eventually.
The mining reward will go down over time and adoption will grow; Bitcoin took off but it just started; Bitcoin will seem great compared to inflated currencies fixed by governments that create wars and economic turmoil
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nwfella
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Well hello there!
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June 21, 2014, 10:23:59 PM |
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it is very simple why bitcoin doesnt take off. There is constantly new hardware, companys run this hardware and instant dump their coins. This will come to an end eventually.
Don't think miners insta-dumping their freshly generated coins amounts to very much. Karpeles could drop 3600 coins while dropping a duece and not sweat it. Plenty of wanna be karpeles's out with with ill-gotten coins.
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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woogie
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June 23, 2014, 05:49:34 PM |
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Inflation is the general increase in prices, so it is the goods that you buy whose price will inflate, rather than the currency used to buy the goods.
Some people want to be different and say that inflation is an increase in money supply (monetary base before all). It may or may not influence the prices... Those are two possible definition of inflation. Monetary inflation and price inflation. On this forum, yes. Anywhere else (any economics literature...), no. This is like telling a physicist there are two kinds of temperature, one based on molecule vibration and the other based on things being hot. Hahahahaha.. i very much enjoy the comparation.
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BitcoinLlama
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June 24, 2014, 07:57:07 PM |
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Keep in mind longterm trends. It is possible for BTC to be hoarded for the first hundred years then behavior to change thereafter.
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deisik
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June 25, 2014, 09:20:22 AM |
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Keep in mind longterm trends. It is possible for BTC to be hoarded for the first hundred years then behavior to change thereafter.
To seriously take into account the first hundred years of Bitcoin life, you should also consider many more events that are not so longterm but nevertheless could substantially change or even put an end to it...
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Jamie_Boulder
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June 28, 2014, 04:17:48 PM |
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TBH it could go either way, everything is uncertain until we hit that next difficulty bracket in (2017?)
Of course considering my financial investment in the currency (and increasing use of it) I will admit that it's of my personal opinion that in the long run we will only move forward.
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painlord2k
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June 29, 2014, 04:42:26 PM |
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I made new, improved, more detailed, charts of Bitcoin vs USD inflation. Instead of a point every month I plotted a weekly chart (found a CSV for M1 and took the daily BTC numbers from Blockchain.info CSV) Interesting we can find easily the daily stock of BTC but can find only a weekly M1 for USD. This is the link to the spreadsheet: https://docs.google.com/spreadsheets/d/17Jjhd_nnfRJ9EyYuOM1ACPMwRod3hhPqRk4YQp7FIZE/pubhtml#The formula are: E4=(B4-B3)/B3 F4=(C4-C3)/C3 G4=F4-E4 N4=(C4-C3)*52/C3 Of interest, is tab 2013; it show the Annual Bitcoin Inflation (red), diff with USD M1 Inflation (blue) BTC Weekly trend (Yellow), M1 Inflation (green). When I made the old chart I had the data just for february. It shown a big spike in M1 USD inflation but I didn't mind of it because I believed it was an aberration of monthly data. Now, doing it with weekly up to June data, the spike in M1 inflation is confirmed. The Fed could be tapering the QE, but it is printing like hell. The Red and Green lines are about to cross. When it happen, the M1 will inflate faster than BTC stock and people saving in USD will be bleeding compared to BTC even if there is no increased adoption of BTC. I had think we would not be there before the next halving. But I didn't considered the Yellen factor (the increase of M1 inflation start after Bernanke step down).
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allsopfree
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July 02, 2014, 08:12:58 PM |
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My mom keeps saying that inflation killed yougoslavia
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Djo
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July 03, 2014, 09:06:53 AM |
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quote : I think we’ve already seen what we’ve needed to see, now it just comes down to timing. The primary [goal] would be to get it up globally for our hotels.
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