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Author Topic: Bitcoin or Dollar Scarcity  (Read 1661 times)
bitcoin730
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June 23, 2016, 01:33:20 AM
 #1

I found myself thinking that bitcoin may have a serious relationship with dollar as this relation can be showed in inflation/deflation phenomena but what encounters logic of the rules of inflation/deflation is that bitcoin has increase and decrease at the same time and exponentially . Thus How can we suppose that bitcoin may break the rules of inflation/deflation and some economic rules ?And can bitcoin remains faithful to US dollar?

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June 23, 2016, 01:43:00 AM
 #2

I found myself thinking that bitcoin may have a serious relationship with dollar as this relation can be showed in inflation/deflation phenomena but what encounters logic of the rules of inflation/deflation is that bitcoin has increase and decrease at the same time and exponentially . Thus How can we suppose that bitcoin may break the rules of inflation/deflation and some economic rules ?And can bitcoin remains faithful to US dollar?

You will have to be more clear than that if you want a meaningful discussion.
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June 23, 2016, 02:09:02 AM
 #3

In brief i want to know how deep relation between US dollar and bitcoin can break the rules of up and down of bitcoin and dollar ?
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June 23, 2016, 01:39:22 PM
 #4

Well bitcoin has a serious relationship with dollar I think. Their relationship is that dollars is the main currency where btc is traded into. Well I don't know if bitcoin and dollar have other relationships.

I will more clarify my question . how trade can break the rules of increases and decreases of bitcoin and dollar?
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June 23, 2016, 01:50:20 PM
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Frankly I don't exactly understand what you try to say.

Bitcoin doesn't break any economic rules. In regard to scarcity, Bitcoin is much more scarce than the USD, that is subject to so called "Quantitative Easing", meaning that the number of monetary units is steadily increasing without an upper limit. So inflationary devaluation of the USD is a certainty.

On the other hand, Bitcoin's monetary supply is limited to 21 million coins that are released in decreasing amounts based on actual work (mining) done. So while on a technical level Bitcoin today is inflationary as well, it functions like a deflationary currency, because the demand for Bitcoin outmatches the supply rate that can't be increased.

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June 23, 2016, 03:01:45 PM
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Well bitcoin has a serious relationship with dollar I think. Their relationship is that dollars is the main currency where btc is traded into. Well I don't know if bitcoin and dollar have other relationships.

Dollar is no doubt a main currency but that time is not far away that bitcoin will be main and only currecny of the world. It will be the global currency. Maybe at this time of writing this post, its seems a wish that cant come true, but you never know in 50 Years USD will be only history and Bitcoins everywhere and every country main currency.

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July 03, 2016, 01:36:55 PM
 #7

Well bitcoin has a serious relationship with dollar I think. Their relationship is that dollars is the main currency where btc is traded into. Well I don't know if bitcoin and dollar have other relationships.
Bitcoin value is still up over 200% in USD value from this time last year. That Bitcoin value has not only survived on a global basis for more than five years, but thrived, and attracted some of the largest merchants worldwide.
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July 03, 2016, 01:41:42 PM
Last edit: October 17, 2016, 03:34:02 PM by M28MmickT
 #8

I found myself thinking that bitcoin may have a serious relationship with dollar as this relation can be showed in inflation/deflation phenomena but what encounters logic of the rules of inflation/deflation is that bitcoin has increase and decrease at the same time and exponentially . Thus How can we suppose that bitcoin may break the rules of inflation/deflation and some economic rules ?And can bitcoin remains faithful to US dollar?



Bitcoin has went from 0.25 USD to 678 USD at the time of writing, Dollar scarcity?, the Federal Reserve can make any amount of Dollar bills at any time, I don't believe in such scarcity.  Roll Eyes
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July 03, 2016, 01:43:51 PM
 #9

I found myself thinking that bitcoin may have a serious relationship with dollar as this relation can be showed in inflation/deflation phenomena but what encounters logic of the rules of inflation/deflation is that bitcoin has increase and decrease at the same time and exponentially . Thus How can we suppose that bitcoin may break the rules of inflation/deflation and some economic rules ?And can bitcoin remains faithful to US dollar?



 Bitcoins price inflation and deflation is not dependent on the amount of dollars rather it is dependent on the buy and sell in the market. What makes the price of bitcoin goes up and down is the demand in the market and the remaining supply of bitcoin. Bitcoin is very limited compared to dollars. So there no relationship between dollars and bitcoin
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July 23, 2016, 03:12:42 PM
 #10

I found myself thinking that bitcoin may have a serious relationship with dollar as this relation can be showed in inflation/deflation phenomena but what encounters logic of the rules of inflation/deflation is that bitcoin has increase and decrease at the same time and exponentially . Thus How can we suppose that bitcoin may break the rules of inflation/deflation and some economic rules ?And can bitcoin remains faithful to US dollar?



 Bitcoins price inflation and deflation is not dependent on the amount of dollars rather it is dependent on the buy and sell in the market. What makes the price of bitcoin goes up and down is the demand in the market and the remaining supply of bitcoin. Bitcoin is very limited compared to dollars. So there no relationship between dollars and bitcoin

Yes. In the short term, the bitcoin price depends on the buy and sell in the market. But the value depends on the usage.
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July 23, 2016, 03:16:50 PM
 #11

In brief i want to know how deep relation between US dollar and bitcoin can break the rules of up and down of bitcoin and dollar ?
yeah they have pretty good relation as bitcoin wont be so high without dollors i guess as most of the economic moments are affected by dollor as it have great power in the world !
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July 23, 2016, 03:21:39 PM
 #12

I found myself thinking that bitcoin may have a serious relationship with dollar as this relation can be showed in inflation/deflation phenomena but what encounters logic of the rules of inflation/deflation is that bitcoin has increase and decrease at the same time and exponentially . Thus How can we suppose that bitcoin may break the rules of inflation/deflation and some economic rules ?And can bitcoin remains faithful to US dollar?


Bitcoin breaks the rules of inflation/deflation because of it having a limited supply that is slowly leaked into the total supply, and it thus deflationary because of there being a hard cap at 21 million coins. Even if it isn't obvious now that it is deflationary, once the next two halvings are done, you'll see  a majority of Bitcoin being mined and thus the price slowly trickle upwards as Bitcoin is destroyed, lost or held. As long as there is a desire for the currency, there is enough for everything else.

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September 14, 2016, 12:17:01 PM
 #13

If I am getting it right then you are pointing towards similarity in the movement of the price of bitcoin and US dollar.

I think, the inflation and deflation of price of bitcoin are correlated to the movements of US dollar because, although bitcoin price is largest in alternative cryptocurrencies but still it is far less as compared to the US dollar market capital. So when the price of US dollar decreases, you can expect the downwards trend in bitcoin but in fact the price of bitcoin increases in such condition due to the lesser value of consideration. It's exactly opposite to the law of demand and supply.
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March 08, 2017, 12:54:17 PM
 #14

I found myself thinking that bitcoin may have a serious relationship with dollar as this relation can be showed in inflation/deflation phenomena but what encounters logic of the rules of inflation/deflation is that bitcoin has increase and decrease at the same time and exponentially . Thus How can we suppose that bitcoin may break the rules of inflation/deflation and some economic rules ?And can bitcoin remains faithful to US dollar?



Dollar is inflationary while bitcoin is deflationary

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March 14, 2017, 02:41:20 AM
 #15

I found myself thinking that bitcoin may have a serious relationship with dollar as this relation can be showed in inflation/deflation phenomena but what encounters logic of the rules of inflation/deflation is that bitcoin has increase and decrease at the same time and exponentially . Thus How can we suppose that bitcoin may break the rules of inflation/deflation and some economic rules ?And can bitcoin remains faithful to US dollar?



Nowadays, we cannot deny that dollar so far is the main currency at the present time now.  That's why bitcoin has a serious relationship with dollars, so for now we can't do something about it but to follow what its needs to be follow. Maybe after 1 century bitcoin can be the new world currency as dollar status right now. Grin


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March 14, 2017, 03:53:33 AM
 #16

I found myself thinking that bitcoin may have a serious relationship with dollar as this relation can be showed in inflation/deflation phenomena but what encounters logic of the rules of inflation/deflation is that bitcoin has increase and decrease at the same time and exponentially . Thus How can we suppose that bitcoin may break the rules of inflation/deflation and some economic rules ?And can bitcoin remains faithful to US dollar?
Nowadays, we cannot deny that dollar so far is the main currency at the present time now.  That's why bitcoin has a serious relationship with dollars, so for now we can't do something about it but to follow what its needs to be follow. Maybe after 1 century bitcoin can be the new world currency as dollar status right now. Grin

Bitcoin need a clear regulatory rules in future if it's to become the benchmark for a world currency. US will not allow that to happen, eventually Bitcoin will attempt to be converted into the center of America continent currency through government policy against most major foreign exchange market, it's their government that will make it that way in future.

In principle of a civilized economy, the currency should be centralized or at least have tremendous market power, the fluctuations and liquidity is a regular trend. When bitcoin community can no longer unstoppable, each world will automatically recognize it.

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blackhawkeye1912
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March 29, 2017, 10:13:47 PM
 #17

I found myself thinking that bitcoin may have a serious relationship with dollar as this relation can be showed in inflation/deflation phenomena but what encounters logic of the rules of inflation/deflation is that bitcoin has increase and decrease at the same time and exponentially . Thus How can we suppose that bitcoin may break the rules of inflation/deflation and some economic rules ?And can bitcoin remains faithful to US dollar?


I guess they have a connection, But there something I had noticed what do you mean  by what encounters logic of the rules of inflation/deflation is that bitcoin has increase and decrease at the same time and exponentially? I'm just kind a confuse. Embarrassed

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March 29, 2017, 10:43:32 PM
 #18

this relation can be showed in inflation/deflation phenomena but what encounters logic of the rules of inflation/deflation is that bitcoin has increase and decrease at the same time and exponentially .
Bitcoin doesn't increase and decrease at the same time. I'm sorry OP, but I'm not following you there. Bitcoin is deflating, which means as time passes you will be able to buy more and more goods for the same number of coins. In your words we could say it's increasing because the amount of coins in circulation is rising.
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March 30, 2017, 04:04:28 AM
 #19

I found myself thinking that bitcoin may have a serious relationship with dollar as this relation can be showed in inflation/deflation phenomena but what encounters logic of the rules of inflation/deflation is that bitcoin has increase and decrease at the same time and exponentially . Thus How can we suppose that bitcoin may break the rules of inflation/deflation and some economic rules ?And can bitcoin remains faithful to US dollar?


I guess they have a connection, But there something I had noticed what do you mean  by what encounters logic of the rules of inflation/deflation is that bitcoin has increase and decrease at the same time and exponentially? I'm just kind a confuse. Embarrassed

i believe OP is seeing the short term fluctuations and calls it "increase and decrease" and then looks at the long term and talks about the exponential growth of bitcoin. and they are both true but i don't get why he is trying to connect it to USD and uses the word scarcity of dollar!!!

p.s. this is an old topic you bumped up.

Buying the dip...
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March 30, 2017, 05:29:56 AM
 #20

Bitcoin and USD are inversely correlated. While bitcoin is deflationary because of its limited supply and increasing demand, USD is inflationary because of its increasing supply.

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