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SheerTerror
ST



Registered: 11/28/03
Posts: 2,348
Last seen: 9 years, 2 months
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Are bitcoins really immune to inflation?
#19071628 - 11/01/13 07:11 PM (10 years, 2 months ago) |
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It changes from $120/BTC <---> $210/BTC how is inflation not a factor with bitcoins?
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NotTheDevil
Transhuman


Registered: 01/08/13
Posts: 5,436
Loc: US
Last seen: 3 years, 1 month
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Re: Are bitcoins really immune to inflation? [Re: SheerTerror]
#19071652 - 11/01/13 07:16 PM (10 years, 2 months ago) |
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Quote:
SheerTerror said: It changes from $120/BTC <---> $210/BTC how is inflation not a factor with bitcoins?
Inflation is the making of more unbacked currency. Bitcoin cannot be generated after it reaches the maximum
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pwnasaurus
Stranger



Registered: 07/16/08
Posts: 12,317
Loc: Canada
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Re: Are bitcoins really immune to inflation? [Re: NotTheDevil]
#19071724 - 11/01/13 07:28 PM (10 years, 2 months ago) |
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I bought in at $120 and sold at $210 so I don't care
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 7 months
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Re: Are bitcoins really immune to inflation? [Re: pwnasaurus]
#19071749 - 11/01/13 07:32 PM (10 years, 2 months ago) |
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It's commodity speculation in tulip bulbs. Have fun. I'll pass.
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Patlal
You ask too many questions



Registered: 10/09/10
Posts: 44,797
Loc: Ottawa
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Re: Are bitcoins really immune to inflation? [Re: zappaisgod]
#19071860 - 11/01/13 07:56 PM (10 years, 2 months ago) |
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Yeah, its all speculation.
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NotTheDevil
Transhuman


Registered: 01/08/13
Posts: 5,436
Loc: US
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Re: Are bitcoins really immune to inflation? [Re: Patlal]
#19071866 - 11/01/13 07:58 PM (10 years, 2 months ago) |
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Quote:
Patlal said: Yeah, its all speculation.
like all goods
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s240779

Registered: 12/07/10
Posts: 12,880
Last seen: 2 months, 9 days
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Re: Are bitcoins really immune to inflation? [Re: SheerTerror] 1
#19071875 - 11/01/13 07:59 PM (10 years, 2 months ago) |
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I think it would be wise to buy bitcoins, not simply to sell them for profit, but because I think many people are going to start to use them as currency. With the advent of banking via mobile devices, currency is becoming more and more a digital thing. Many people will say to themselves, why not go 100% digital and use Bitcoin as opposed to the dollar. As more and more people accept Bitcoin, its utility increases.
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 7 months
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Re: Are bitcoins really immune to inflation? [Re: s240779]
#19071916 - 11/01/13 08:09 PM (10 years, 2 months ago) |
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I'm not seeing it but if you are knock yourself out.
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NotTheDevil
Transhuman


Registered: 01/08/13
Posts: 5,436
Loc: US
Last seen: 3 years, 1 month
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Re: Are bitcoins really immune to inflation? [Re: zappaisgod]
#19071936 - 11/01/13 08:14 PM (10 years, 2 months ago) |
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Bitcoin is a decentralized digital currency and in it I see potential, I also see potential in Litecoin. I was underage during the period when I could have really been mining bitcoins though I still have 10, and was unable to order proper equipment now however, I can get what I need and will be mining litecoins.
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 7 months
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Re: Are bitcoins really immune to inflation? [Re: NotTheDevil]
#19071943 - 11/01/13 08:15 PM (10 years, 2 months ago) |
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Knock yourself out.
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Lynnch
Strangerer



Registered: 04/29/09
Posts: 7,855
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Re: Are bitcoins really immune to inflation? [Re: zappaisgod]
#19071948 - 11/01/13 08:15 PM (10 years, 2 months ago) |
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I think they're immune to inflation because they're so wildly unstable regardless of it.
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NotTheDevil
Transhuman


Registered: 01/08/13
Posts: 5,436
Loc: US
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Re: Are bitcoins really immune to inflation? [Re: Lynnch]
#19071971 - 11/01/13 08:19 PM (10 years, 2 months ago) |
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Quote:
Lynnch said: I think they're immune to inflation because they're so wildly unstable regardless of it.
Also because by definition they cannot be inflated, they can however be speculated to death.
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mpd
Lammen Gorthaur



Registered: 10/22/12
Posts: 9,660
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Re: Are bitcoins really immune to inflation? [Re: NotTheDevil]
#19072004 - 11/01/13 08:28 PM (10 years, 2 months ago) |
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Bitcoin is not immune to inflation. That is my story and I will fight to the death to keep it that way.
-------------------- There is no truer calling for mankind than that of true conservatism.
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