10 ms·
You've mixed up deflation and inflation.
by natrius 15y ago
You've mixed up deflation and inflation.
- hugh3 15y agoSlow deflation at first, rapid inflation eventually. That tends to be how bubbles work. (Not to be confused with physical bubbles, which are the other way around...)
- eropple 15y agoExactly. The deflationary period will come when most people liquidate their Bitcoin holdings because they realize it's essentially useless. Or try to liquidate, anyway. At that point there won't be many buyers.