Bitcoin and Inflation

[Rhosadah]

whether the effects of mining in China on bitcoin inflation continue to run, this will make a long journey in some time and it is possible that the crypto community will remain focused on their efforts in building crypto projects that are real useful for the products they sell on the blockchain mechanism.

[Wellyan]

Inflation is really the threat of all humanity. And now it is taking place day by day in the regions of the world. It is difficult to control inflation, it is happening with real money, Bitcoin can also be inflation if you use the wrong purpose, the law. So to avoid that situation, you should invest and spend bitcoin reasonably and appropriately.

inflation cannot be controlled by everyone because inflation is already a decision or a change that occurs in money. both our country's and other country's money. so if other countries experience inflation, it is likely that our country will also experience it.

[wuvdoll]

Inflation only affects the fiat currency we use daily most of the time. It doesn't really affect things like gold for example and Bitcoin has been a commodity like gold for a while now so we can clearly say that inflation does affect bitcoin but in a positive manner. So, if 1000 dollars today worth 1500 dollars in 10 years for purchasing power that means 4000 dollar worth of bitcoin would worth 6000 dollars in dollars because of the dollar devaluing.

Since, dollar drops in value the bitcoin price goes up accordingly, inflation is not something bitcoin is immune to, it does have a part in bitcoin world but thankfully it is in a good way. We could consider how the gold prices increase over the years as a similar path for bitcoin, of course not exactly the same because they are vastly different stuff but for the purposes of inflation they are effect exactly the same.

[Naida_BR]

Inflation only affects the fiat currency we use daily most of the time. It doesn't really affect things like gold for example and Bitcoin has been a commodity like gold for a while now so we can clearly say that inflation does affect bitcoin but in a positive manner. So, if 1000 dollars today worth 1500 dollars in 10 years for purchasing power that means 4000 dollar worth of bitcoin would worth 6000 dollars in dollars because of the dollar devaluing.

Since, dollar drops in value the bitcoin price goes up accordingly, inflation is not something bitcoin is immune to, it does have a part in bitcoin world but thankfully it is in a good way. We could consider how the gold prices increase over the years as a similar path for bitcoin, of course not exactly the same because they are vastly different stuff but for the purposes of inflation they are effect exactly the same.

Inflation doesn't affect Bitcoin directly but it DOES indirectly.

As there is still a trading pair of BTC/USD this affection is inevitable. I have seen that when a currency is inflated then people turn to the cryptocurrency market and they buy BTC. (remember what happened in Turkey, summer 2018). Bitcoin is not inflated but as long as Fiat is inflated then Crypto markets behave accordingly every time inflationary trends appear.

[Guryon_master]

I believe bitcoin can be a good way to control the inflation but still it is not always has a good luck for everyone. The only group of people that has an advantage on the greater side of bitcoin are those who are capable to hold the price and those who are early adopters.

The bull run is a good hope but to combat the inflation but a bad luck to others who don't have the will to hold it when the bearish attack.

[jeromix]

Only a controlled economy can be spared from inflation (though this is also debatable). In an open market like we are enjoying right now, inflation is a matter of fact and is part of the reality of life. Nobody is immune from the power of inflation.

Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.

Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?

There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.

so meaning that cryptocurrency is not being controlled. Well I will not agree because market has drop due to the correction process but I do not really see if it is really a correction or just founders being greedy. They are not held liable for now for any crashes because cryptocurrency is not yet regulated through governments all over the world.

[horrifiedx1]

I believe bitcoin can be a good way to control the inflation but still it is not always has a good luck for everyone. The only group of people that has an advantage on the greater side of bitcoin are those who are capable to hold the price and those who are early adopters.

The bull run is a good hope but to combat the inflation but a bad luck to others who don't have the will to hold it when the bearish attack.

most people experience panic when there is a bearish attack, so this even worsens the condition, because it will cause prices to continue to decline. To maintain BTC is not easy, because many factors influence, especially news that is a scourge for them. therefore self-confidence becomes very important

[Bitfling]

I think inflation happen because central banks always flooding market with new supply of money. Bitcoin have limited supply and its hard for creating inflation from it. Central banks flooding money in market because government want growth on their economic and its a normal as its maintained well

[millionaireshs]

Only a controlled economy can be spared from inflation (though this is also debatable). In an open market like we are enjoying right now, inflation is a matter of fact and is part of the reality of life. Nobody is immune from the power of inflation.

Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.

Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?

There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.

That's is the real strategy of manufacturer when the inflation are affected to all commodity they are not go with it. they would really stay the normal and a usual equivalent but they will adjust the little  quantity and of course not too much far the quality to prevent less orders. for Bitcoin inflation is because of limited stocks. many people are holdings and set aside for future investment.

[Barbut]

Only a controlled economy can be spared from inflation (though this is also debatable). In an open market like we are enjoying right now, inflation is a matter of fact and is part of the reality of life. Nobody is immune from the power of inflation.

Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.

Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?

There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.

That's is the real strategy of manufacturer when the inflation are affected to all commodity they are not go with it. they would really stay the normal and a usual equivalent but they will adjust the little  quantity and of course not too much far the quality to prevent less orders. for Bitcoin inflation is because of limited stocks. many people are holdings and set aside for future investment.

What is inflation in reality? Before with one dollar you could more things, now with one dollar you can`t buy  one bubble gum. Bitcoin have limited amount of bitcoins in circulations, can that be changed? Discussion is only about that, if maximum number of bitcoins stays the same there cant be inflation. Now you can read who and how bitcoin can be changed, who needs to agree about it, and about entire process how changes can be made on the bitcoin network. In same time you will learn what is decentralization.

[ufaiz50]

Only a controlled economy can be spared from inflation (though this is also debatable). In an open market like we are enjoying right now, inflation is a matter of fact and is part of the reality of life. Nobody is immune from the power of inflation.

Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.

Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?

There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.

First you say Nobody is immune from the power of inflation, and I consider it right. In my opinion Cryopto will push inflation to the highest level because there is no one party control on supply and demand, we know the cause of inflation and in this case all users who hold crypto can make inflation happen, which is where users is come from all over the world.

[huhhuh18]

I think Bitcoin may be categorised under something that can experience inflation only when it's being accepted to be used as an official currency. But currently, it isn't an official currency and so the community decides what one BTC costs and if you need to buy something with it, it's just converted to the native official currency.

[juperos]

Only a controlled economy can be spared from inflation (though this is also debatable). In an open market like we are enjoying right now, inflation is a matter of fact and is part of the reality of life. Nobody is immune from the power of inflation.

Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.

Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?

There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.

I think we should not play risks. Because when you buy BTC or other altcoins, it is still affected by the external financial market and its price still falls. I think it will not help us keep the value of our money.
Instead of investing in electronic money, let's invest in gold or real estate. these are assets that keep your money's value and even increase every year.

[Ziskinberg]

Bitcoin is not practically a solution to inflation because price is not stable and it does not always rise.
Well, inflation is a bad thing because the value of your money is consistently going down and some are just really taking risk to put their money in bitcoin hoping it will save them, but it does not happen automatically especially nowadays that we are still experiencing big correction.

[BitHodler]

The bull run is a good hope but to combat the inflation but a bad luck to others who don't have the will to hold it when the bearish attack.

It's not about will, but about understanding what you put your money into, and what Bitcoin has been doing consistently for years, which is to mark higher bottoms continuously since its very first exchange listing.

Bottom to bottom is what people should pay attention to, because that indicates the actual growth we have gone through, and not all time highs people look at and think Bitcoin has failed because the price dropped a lot.

Overall, Bitcoin only needs a short time frame to undo decades worth of fiat's loss in purchasing power. Don't get lost worrying about last year's all time high, because it will be a bottom eventually.

[2chase]

Naturally, Bitcoin will be exactly the asset that will be a vivid example of how the deflation currency should look like, if it were not so, we would not see this constantly continuing rise in the price of Bitcoin during these seven years. Bitcoin is a pioneer in this regard and it will remain for them for many years.

[xabre]

Bitcoin still lower price and not the same situation where last year bitcoin have touch to higher price, maybe we need wait until when bitcoin will growing up more than one year later.

[nicster551]

Only a controlled economy can be spared from inflation (though this is also debatable). In an open market like we are enjoying right now, inflation is a matter of fact and is part of the reality of life. Nobody is immune from the power of inflation.

Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.

Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?

There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.

I guess that crypto would still be affected by inflation. Nothing saves from it only what you can do about that save you by or like making a lot of stream of income.

[Stac]

 Since Bitcoin has a limit of only 21 million of coins so in  normally saying there is a deflation in Bitcoin because each year the coins reduces slightly by mining .and the Bitcoin has a limit and no doubling is expecting and so there is no chance of inflation occur in Bitcoin .there are only few ways that people store value either people store money in a bank or buy ornaments to stor e as value .Bitcoin is completely different from physical assets Bitcoin is a digital currency and this will be convenient to keep as an asset  and useful .

[LUCKMCFLY]

Since Bitcoin has a limit of only 21 million of coins so in  normally saying there is a deflation in Bitcoin because each year the coins reduces slightly by mining .and the Bitcoin has a limit and no doubling is expecting and so there is no chance of inflation occur in Bitcoin .there are only few ways that people store value either people store money in a bank or buy ornaments to stor e as value .Bitcoin is completely different from physical assets Bitcoin is a digital currency and this will be convenient to keep as an asset  and useful .

I think the same, and for that reason it is that this economy escapes any theory that any economist who studies traditional economics can do.
In any nation, money is printed and it is pure paper, which loses value, it is a supply that turns into water and salt.