Bitcoin Price Thread

Surprise · Dec 15, 2017

just21 said:
Bitcoin is deflationary, supply of USD is inflationary.

Not really hence the number of bitcoins increased immensely after the many forks , and i expect it to increase even more in the future .

Pekelo · Dec 15, 2017

just21 said:
Bitcoin is deflationary,

Excuse my French, but my fucking ass it is. This is one of the biggest lie of the cultists. Current inflation rate of Bitcoin is 4%, yes it will slow down but it will stay INFLATIONARY until we and our grandkids ALL die!!!

How the fuck can something that you keep making MORE of be deflationary???

just21 · Dec 15, 2017

Pekelo said:
Excuse my French, but my fucking ass it is. This is one of the biggest lie of the cultists. Current inflation rate of Bitcoin is 4%, yes it will slow down but it will stay INFLATIONARY until we and our grandkids ALL die!!!

20% of Bitcoin have been lost. Satoshi has abandoned 1 million.

Pekelo · Dec 15, 2017

just21 said:
20% have been lost.

Doesn't matter, BY DESIGN it is NOT inflationary. From the point of loss we still have more of it...

Your argument is: The designers counted on idiots and people who wouldn't care to keep this thing under control. Nice....

Surprise · Dec 15, 2017

just21 said:
20% have been lost.

So if 20% are lost then price should increase 20 folds ? Based on your argument bitcoiners should destroy 20% of their bitcoins so price surge another 20 folds .

just21 · Dec 15, 2017

Surprise said:
So if 20% are lost then price should increase 20 folds ? Based on your argument bitcoiners should destroy 20% of their bitcoins so price surge another 20 folds .

You said that. I am saying the supply is hard coded at 21 million but will never reach that.

just21 · Dec 15, 2017

Surprise said:
Not really hence the number of bitcoins increased immensely after the many forks , and i expect it to increase even more in the future .

The forks did not stop the price going up.

Surprise · Dec 15, 2017

Here is a cool more advanced form of bitcoin "super bitcoin" , worth = 0.014BTC .

https://yobit.net/en/trade/SBTC/BTC

just21 · Dec 15, 2017

Pekelo said:
Doesn't matter, BY DESIGN it is NOT inflationary. From the point of loss we still have more of it...

Your argument is: The designers counted on idiots and people who wouldn't care to keep this thing under control. Nice....

Do you mean deflationary?

sss12 · Dec 15, 2017

SunTrader said:
So a week of CBOE futures trading is nearly complete (with CME right around the corner) and what do you know ... the sky is still up above us.

And what is also known is extreme volatility has dropped. As anyone with a clue would expect.

Next margins will go down over time and volume up.

Cyber-currency luddites can come out now.

I'm not sure what cash settled futures have to do with the volatility of the under lying ? care to explain ? not being snarky, just curious.