Darker45
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🙏🏼Padayon...🙏
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June 14, 2022, 01:08:15 PM |
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I don't know, you're probably missing the fact that inflation is a constant. It is a regular thing. It happens continuously. It is there all the time because it is designed to be an integral feature of fiat. That is not a thing with Bitcoin. Although Bitcoin's price is volatile, it is not designed to permanently lose value over time. The fact that Bitcoin goes through temporary dips doesn't mean that it failed.
I hope I'm wrong but it seems you are disappointed with the way Bitcoin is moving right now, thereby losing sight of the bigger picture. It doesn't mean that since Bitcoin experiences bearish seasons, it has already lost its purpose. I'm happy that Bitcoin is like this rather than it doubles its price everyday.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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hatshepsut93
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June 14, 2022, 11:43:30 PM |
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Yeah, everyone says to buy when there is blood on the streets but what happens when that blood is everywhere because everyone is dead? Easy to say cheap coins, let's buy but with a lot of people afraid of what happens next month it's for many cheap coins or food.
This depends on what type of investors is responsible for the largest share of volume in Bitcoin market. If it's people who live from paycheck to paycheck, then yeah - any economic crisis would mean no spare income to dump into Bitcoin. But if its middle class with some savings, even during crisis, or millionaires and billionaires, then they could buy Bitcoin at any time, but choose not to. |
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avikz
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June 15, 2022, 03:01:29 PM |
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Bitcoin was in some aspect created to act as a hedge against inflation. More or less it's value was supposed to go up as FIAT value goes down. Did Satoshi Nakamoto tell you that? Bitcoin was never created as a hedge against the fiat currency and inflation. Bitcoin was purely created for one reason - people get to control their own finances without any third party intermediary. It has nothing to do with inflation or any other global economical issues. However, when bitcoin became popular people find it more attractive as an investment because it has shown immense potential. But bitcoin's price was never supposed go up when the global market is down or vice versa. It happened couple of times in the past, but that's pure coincidence. |
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Gyfts
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June 15, 2022, 03:45:27 PM |
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However it seems with FIAT going down, so is more of Bitcoin and other cryptos.
The entire market is down, no matter the industry. Real estate seems to be the only market that hasn't taken a massive hit yet, and there's a lot of speculation amongst the experts that there's an artificial bubble being created even in tangible assets which will eventually pop. USD/EUR hasn't experienced this type of inflation in decades. Bitcoin didn't exist yet when this type of inflation was last seen. We don't actually know how crypto is supposed to react with high inflation rates, the data is not there. |
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ChiBitCTy
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June 15, 2022, 03:57:55 PM |
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However it seems with FIAT going down, so is more of Bitcoin and other cryptos.
The entire market is down, no matter the industry. Real estate seems to be the only market that hasn't taken a massive hit yet, and there's a lot of speculation amongst the experts that there's an artificial bubble being created even in tangible assets which will eventually pop. USD/EUR hasn't experienced this type of inflation in decades. Bitcoin didn't exist yet when this type of inflation was last seen. We don't actually know how crypto is supposed to react with high inflation rates, the data is not there. That is well said. Everything is down at the moment and of course a new asset class, a new technology, is not something that can easily hold its value in the early days. You're right about the housing market, while it is almost the only asset class that hasn't gotten crushed (precious metals to an extent as well), I do know it's starting to cool off it's self now. |
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RealMalatesta
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June 15, 2022, 04:08:46 PM |
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It is against inflation; it is not against recession. The problem is that we are in a situation where recession could take place, and it will be a terrible market for a while and everyone will lose money all together, in order to make sure that inflation doesn't happen again. When the world has tens of billions of dollars more on top of what they already have, that creates inflation and we had money printing during covid period hence why we had inflation.
Now the FED and all related places in other nations increases the rates, hence why money is withdrawn from the market, so there is no excess, this includes taking it out of stocks, gold and of course crypto as well.
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bitzizzix
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June 15, 2022, 05:50:26 PM |
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My answer doesn't want to relate to some of the news that has happened so far, but most investors see bitcoin as an opportunity to beat inflation and thus put their money in it.
while some people want to make a profit, and others see a quick way to increase their wealth.
However, there are others who see it as a store of value, but most of them would agree that cryptocurrencies, especially bitcoin, are a good hedge against inflation, because when inflation goes up, the value of money depreciates.
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Wakate
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June 15, 2022, 08:49:39 PM |
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Bitcoin was in some aspect created to act as a hedge against inflation. More or less it's value was supposed to go up as FIAT value goes down.
Here we are in a state of massive inflation bubble happening right now.
Many of us got Bitcoin years ago as for it to be something that would go up in value and give people better level of wealth, or at least at as a survival key.
However it seems with FIAT going down, so is more of Bitcoin and other cryptos.
Why is this happening?
Bitcoin was supposed to be here for our survival. Now it is becoming just a digital number on a computer screen that never had any value all along.
What am I missing here?
or is the best yet to come?
look to hear your thoughts?
One thing we have to note is that Bitcoin is a financial instrument and volatility do happen either to the forward direction or the downward side. Bitcoin has a lots of risk due to it volatility and liquidity. When inflation had taken over virtually all the economy in the world due to the effects of COVID that has crumbled our economy. The market will always go down which depends on the market volume and liquidity. I can see that this is the time the market had decided to go bearish and I am not surprised about what is happening now. |
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stompix
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Blackjack.fun
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June 16, 2022, 11:30:50 AM |
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This depends on what type of investors is responsible for the largest share of volume in Bitcoin market. If it's people who live from paycheck to paycheck, then yeah - any economic crisis would mean no spare income to dump into Bitcoin. But if its middle class with some savings, even during crisis, or millionaires and billionaires, then they could buy Bitcoin at any time, but choose not to.
So, basically, bitcoin is going to "save" the ones that have enough money to spare during a crisis, just how a lifeguard would bring you a drink while you stand by the pool ignoring the poor bastard that screams 100 meters away in the ocean.  It's always funny for me when some guys on this forum (not you!) are speaking so greatly about this revolution that will make everyone's finances better, punishing those dumb billionaires, ignoring entirely that for any assets, commodity, currency to rise in price and bring a profit you needs those that have more money than you to offer you a better price. When that money is not there, well we have this! |
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HardFacts
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June 18, 2022, 06:16:52 PM |
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Bitcoin was in some aspect created to act as a hedge against inflation. More or less it's value was supposed to go up as FIAT value goes down.
BitCoin LIES have been changed constantly over the years.... Bitcoin is the new money, will be used for every day transactions. Bitcoin is digital Gold. Bitcoin is a hedge against inflation. Etc. Etc. There is NO LIMIT to the dishonesty and delusion of people that want to get rich from BitCoin. |
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Besbecob
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June 18, 2022, 06:22:40 PM |
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No, bitcoin is not subject to inflation - it's just that it was bought a lot by big players who are now hedging at the expense of it
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wafgsauif
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August 10, 2022, 07:10:03 AM |
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Despite the volatility in the bitcoin market now, bitcoin is a good hedge against inflation, and now most of the traditional investments are broken, and people want to build wealth by owning something of value.
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justdimin
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August 11, 2022, 12:02:38 PM |
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Despite the volatility in the bitcoin market now, bitcoin is a good hedge against inflation, and now most of the traditional investments are broken, and people want to build wealth by owning something of value.
I do agree that the price may be low right now, but that doesn't change the fact that bitcoin will be going up against dollar a lot in the near future and when it does that it will be very profitable for all of us. That type of "imminent increase" always makes it feel like we are in a situation where it is definitely a profitable thing to hold. Inflation may have beaten us during this past few months, but it's going to lose in the long run. Just to make it clear, if you have 100k, which worths about as much as a house, then you may want to buy a house with it, but in the next 5 years, bitcoin will be more valuable than that house, or anything else you could buy with it. |
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