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Author Topic: Does halving really create deflation?  (Read 895 times)
cotton ball
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December 07, 2019, 07:33:23 AM
 #101

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks
Maybe yes halving really create deflation for bitcoin and altcoin price, you can ready now for investing with bitcoin and altcoin depend which one do you want because after close with halving all crypto price become fantastic with higher price, maybe you can hold now for your assets and re investing again to get much profit and chance never come twice in your investing.




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December 07, 2019, 08:16:26 AM
 #102

Not deflation but reduced supply I guess, because halving day as a phenomenal event is risky if used as a reference for future price increases. However, what is clear, is that inflation and supply of Bitcoin units certainly decreased as happened in the previous year, 1 year after the halving moment, the price of Bitcoin increase drastically.
Reducing supply is not the right word here because that means the total supply that already planned to at 21 million of bitcoin will be reduced and there's nothing like that in the bitcoin blockchain. The halving itself only affects the reward that'll be given for each block while the reward from the transaction fee will also remain the same for the miners and I don't think something like this could really create deflation.

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December 07, 2019, 08:57:03 AM
 #103

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks
Maybe yes halving really create deflation for bitcoin and altcoin price, you can ready now for investing with bitcoin and altcoin depend which one do you want because after close with halving all crypto price become fantastic with higher price, maybe you can hold now for your assets and re investing again to get much profit and chance never come twice in your investing.

It would never be worthless as we push our desires for holding huge amount of crypto, because after halving more opportunities will start to change our views for finances. When investing, there's always ups and downs as part of the journey that we follow. Deflation takes place after several fluctuations roll over, beyond our control and we need to be optimistic on that point.
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December 07, 2019, 12:38:15 PM
 #104

Not deflation but reduced supply I guess, because halving day as a phenomenal event is risky if used as a reference for future price increases. However, what is clear, is that inflation and supply of Bitcoin units certainly decreased as happened in the previous year, 1 year after the halving moment, the price of Bitcoin increase drastically.
Reducing supply is not the right word here because that means the total supply that already planned to at 21 million of bitcoin will be reduced and there's nothing like that in the bitcoin blockchain. The halving itself only affects the reward that'll be given for each block while the reward from the transaction fee will also remain the same for the miners and I don't think something like this could really create deflation.
It could create deflation because the miners will have a harder time to mine bitcoin and that will affect the current supplies that are circulating in the market. As the supply is not enough and as the demand goes higher than before then it will push the price to go up and that is deflation for the price of bitcoin in the market.

 
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December 09, 2019, 03:05:33 PM
 #105

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks
Maybe yes halving really create deflation for bitcoin and altcoin price, you can ready now for investing with bitcoin and altcoin depend which one do you want because after close with halving all crypto price become fantastic with higher price, maybe you can hold now for your assets and re investing again to get much profit and chance never come twice in your investing.

It would never be worthless as we push our desires for holding huge amount of crypto, because after halving more opportunities will start to change our views for finances. When investing, there's always ups and downs as part of the journey that we follow. Deflation takes place after several fluctuations roll over, beyond our control and we need to be optimistic on that point.
Holding bitcoin or any other potential digital coin can never ever bring harms to the respective holders. So far, all those investors who did not doubt these coins and held them for long got huge amounts of profits, specifically the bitcoin holders. Bitcoin is going to have worth more than most of the people can even imagine. Halving will demonstrate a bit of its real strength. Moreover, bitcoin was deflationary in nature since its creation.

 
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December 09, 2019, 03:55:34 PM
 #106

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks
I think it does create deflation but not by goods becoming cheaper but by currency becoming more expensive. Due to the basic of supply and demand. Halving reduces circulating supply in Economy of Bitcoins which are being mined. This will make Bitcoin Scarce and therefore people will find it more valuable and it's price will skyrocket after some time. Halving will have some impact but skyrocketing thing is not as yet confirmed it's just seen from past behaviour of Bitcoin that it does happens.
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December 10, 2019, 12:41:22 AM
 #107

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks
I don't think it is any of the laws that exist. This is all due to the sharks' price-push scheme. I now fully believe in the manipulation of the sharks. So, halving or whatever happens is from the shark. they spend money to buy news and then push the previous price to sell off when people buy. Don't blame me for having too many negative thoughts about the market, I'm just saying exactly what the market is doing.

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December 12, 2019, 09:02:34 AM
 #108

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks
I don't think it is any of the laws that exist. This is all due to the sharks' price-push scheme. I now fully believe in the manipulation of the sharks. So, halving or whatever happens is from the shark. they spend money to buy news and then push the previous price to sell off when people buy. Don't blame me for having too many negative thoughts about the market, I'm just saying exactly what the market is doing.
Bitcoin look keep exist the same amount although few years later, maybe just increase limited if some one have lost their private key because I got tread where some one lost their bitcoin address data and he has more than 1k btc in his wallet, But although bitcoin keep limited supply price always down and now bitcoin have back again with lower price at new year.
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December 15, 2019, 04:47:38 PM
 #109

hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks
I don't think it is any of the laws that exist. This is all due to the sharks' price-push scheme. I now fully believe in the manipulation of the sharks. So, halving or whatever happens is from the shark. they spend money to buy news and then push the previous price to sell off when people buy. Don't blame me for having too many negative thoughts about the market, I'm just saying exactly what the market is doing.
Bitcoin look keep exist the same amount although few years later, maybe just increase limited if some one have lost their private key because I got tread where some one lost their bitcoin address data and he has more than 1k btc in his wallet, But although bitcoin keep limited supply price always down and now bitcoin have back again with lower price at new year.
Big hope with bitcoin halving can bring change how crypto back with higher price, although four months later many people have ready with reinvesting on bitcoin and altcoin because many expectation with bitcoin halving give positive effect how bitcoin and altcoin have higher price, many time we got with higher price always when bitcoin halving coming.

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December 15, 2019, 06:35:03 PM
 #110

The half-life process will, of course, lead to an increase in price because the current production costs will not change, but the amount of Bitcoin that the miners will earn will be 50% less. For this reason, miners will sell at a higher price and will sell at a price level that will cover these costs and even make a profit. This will of course lead to deflation, but the main reason for the price increase here is the reduction of the miners' sales pressures. Nowadays, miners are constantly selling in order to transfer their earnings into cash quickly and to pay their current costs. These sales also create pressure and prevent price increases. Since the miners will have to sell at higher prices, the prices will rise rapidly and reach a new balance.


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December 15, 2019, 06:47:21 PM
 #111

Deflation is the opposite of inflation.
<snip>
The fiat currency is deflating because it is losing value over time
Those two statements don't jibe.  When a currency is inflating, it's losing value and goods and services cost more as a result.  Bitcoin is supposedly a deflationary currency because of its finite supply, as opposed to the USD as an example, which has a nearly unlimited supply.  Inflation, as I learned in economics courses, is too much money chasing too few goods and services.  That can't happen with bitcoin.

But I have no idea how the halvenings affect the deflationary aspect of bitcoin.  Coins are just being generated at a slower rate, which will make absolutely no difference once all the coins are mined (if bitcoin survives that long).  Coin supply is still increasing toward its limit even with the mining rewards going down.  It's an interesting question, but I can't say I have a good answer for it. Nor have I read any answers here that would clarify it for me.

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December 15, 2019, 07:52:25 PM
 #112

Deflation is the opposite of inflation.
<snip>
The fiat currency is deflating because it is losing value over time
Those two statements don't jibe.  When a currency is inflating, it's losing value and goods and services cost more as a result.  Bitcoin is supposedly a deflationary currency because of its finite supply, as opposed to the USD as an example, which has a nearly unlimited supply.  Inflation, as I learned in economics courses, is too much money chasing too few goods and services.  That can't happen with bitcoin.

But I have no idea how the halvenings affect the deflationary aspect of bitcoin.  Coins are just being generated at a slower rate, which will make absolutely no difference once all the coins are mined (if bitcoin survives that long).  Coin supply is still increasing toward its limit even with the mining rewards going down.  It's an interesting question, but I can't say I have a good answer for it. Nor have I read any answers here that would clarify it for me.
As far as I know halvenings affect bitcoin in 2 directions:
1st - value of Btc is rising (because it is harder to get) and the price of it goes up obviously
2nd - price of it falls because more miners come to equalize supply and demand
But I'm not totally sure
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December 15, 2019, 07:56:57 PM
Merited by LUCKMCFLY (1)
 #113

Deflation is the opposite of inflation.
<snip>
The fiat currency is deflating because it is losing value over time
Those two statements don't jibe.  When a currency is inflating, it's losing value and goods and services cost more as a result.  Bitcoin is supposedly a deflationary currency because of its finite supply, as opposed to the USD as an example, which has a nearly unlimited supply.  Inflation, as I learned in economics courses, is too much money chasing too few goods and services.  That can't happen with bitcoin.

But I have no idea how the halvenings affect the deflationary aspect of bitcoin.  Coins are just being generated at a slower rate, which will make absolutely no difference once all the coins are mined (if bitcoin survives that long).  Coin supply is still increasing toward its limit even with the mining rewards going down.  It's an interesting question, but I can't say I have a good answer for it. Nor have I read any answers here that would clarify it for me.
There is a lot of misunderstanding about the terms inflation.

For Keynesian Economics inflation relates to price inflation: i.e. purchasing power of money
For Austrian Economics inflation relates to money inflation
For many Bitcointalk users inflation refers to price level of the coins, hence "deflation" deferred when price of Bitcoin expressed in USD goes south, or the "fiat deflation" when USD loses value over time (when actually there is inflation, or the opposite).
I already ranted about this, a few post above.
I think it is a lost battle.


As far as I know halvenings affect bitcoin in 2 directions:
1st - value of Btc is rising (because it is harder to get) and the price of it goes up obviously
2nd - price of it falls because more miners come to equalize supply and demand


First effect is analysed in the Stock to flow models. Please red here:  Stock To Flow Model: Modeling Bitcoin's Value with Scarcity
Second effect is a nonsense, to me at least. Would you pls clarify?

 

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December 15, 2019, 10:24:52 PM
Merited by fillippone (1)
 #114

The explanation of fillippone is of a masterful order, the concepts of Inflation and Deflation can cause some kind of confusion regarding the particular explanation of each person, however a great example of Inflation is what happens in Venezuela, inflation is so high , that the indexes no longer calculate them.

The effect of Bitcoin Halving by nature should help the price, because the reward is reduced, however, it does not mean that the price will increase instantly, something similar is with the "lost" Bitcoins that some have lost their private keys, the effect in bitcoin market can occur later in some moment of the time, but is secure..

Actually the post with the example of the 1 liter of milk and that of the pizzas, in a very simple like fillippone explains it.

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December 16, 2019, 05:54:46 AM
 #115

Bitcoin and deflation is weirdly related. Deflation means that the set amount of money can buy you more goods than before. In case of bitcoin the supply doesnt really define the deflationary or inflationary property of bitcoin. It is more dependent upon the demand as there is no set cap upon the valuation. Bitcoin can hold any value which is more dependent upon the demand. If you notice, leaving a few instances, bitcoin value is growing year after year. The halving wont create much of a difference as you are increasing the supply anyway. How much the demand is increasing will make a difference.
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December 16, 2019, 08:33:49 AM
 #116

I dont think it counts as deflation until we have less of them available.   That can occur naturally as there is some natural wastage to BTC from idle or lost accounts but its only slight.   The reduction is new BTC produced and available to the market does not to me qualify as deflation, its actually lower inflation rate but its still an expansion all the same.
   We believe it has a deflationary effect because the presumption is one of growth for BTC and with more addresses used then the demand for BTC rises as this supply declines but its not deflation to me.
Quote
Austrian Economics inflation relates to money inflation
I believe they refer to Victorian definitions circa the monetary standards of that time, so that would be by reference to the monetary base in total not circulated.    We missed one important modern definer of inflation and thats the FED and they will adjust prices to account for technology and advancements.   Its possible they might write off the same car costing 5k then 10k some years later as no inflation, their account is the car spec improved and its utility hence price to performance is not moved nor any inflation should be noted.   This is known as Hedonics and a link to Austrian econ website - https://mises.org/library/illusions-hedonics

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December 16, 2019, 09:46:36 AM
 #117

Bitcoin as I know has controlled inflation i.e. we will have 21 million coins that will be slowly generted until the last bitcoin will be generated in 2140. With coin halving we have less number of coins that will be coming into the available pool of bitcoin. If there will be more people that are looking to buy bitcoin we will surely have increase in price.

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December 16, 2019, 12:38:58 PM
 #118

I think not and even make the value of the business become lower with time of development. We talked about Bitcoin a lot, let's look back at the Litecoin halving event, it's no longer a miracle that makes the price of any coin grow. This shows that the crypto market can turn around anytime.
For the Bitcoin halving event in 2020, if capitalization is to land on all the alts then the Bitcoin halving event will be of no value.

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December 16, 2019, 02:31:07 PM
 #119

I think not and even make the value of the business become lower with time of development. We talked about Bitcoin a lot, let's look back at the Litecoin halving event, it's no longer a miracle that makes the price of any coin grow. This shows that the crypto market can turn around anytime.
For the Bitcoin halving event in 2020, if capitalization is to land on all the alts then the Bitcoin halving event will be of no value.
Litecoin is just a copy cat of bitcoin. So the price movement after the halving is normal to me because the people loses their hype and the market settles down on the right price for each altcoin. When the bitcoin halving is done, the price of bitcoin will go up because the miners will stop if the price goes lower than they expected because it is where they base if they are still earning or not. It all depends on the profitability of the miners and also the demand in the market that will make halving produce a deflation or inflation.

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December 16, 2019, 10:09:03 PM
 #120

Let's look at a straight sense. A balance between limited bitcoin and too many people is sought. In this case, the price will increase if there is demand for bitcoin. Miners system is the main backbone. The system works with them. Now I can not say that I do not have a connection with deflation.

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