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Nopes. Bitcoin's yearly inflation is about 1 million BTC for this year and next few years. So to keep the current price stable, almost 350 million (as of this w
by negamax 13y ago
Nopes. Bitcoin's yearly inflation is about 1 million BTC for this year and next few years. So to keep the current price stable, almost 350 million (as of this writing) of new money has to move in BTC.
- dangero 13y agoThat's assuming everyone who mines coins puts them up for sale and that's far from true.
- batiudrami 13y agoIt assumes they will be for sale eventually, which is true. At that time supply will increase and price will therefore decrease unless ongoing growth is experienced.
- obi-nine 13y agoUnless you believe that bitcoin is the end game (as I do). In which case you never "sell" them although you may end up spending them.
- dangero 13y agoHe said "to keep the current price stable". Stable implies not changing over time starting from present day right? Or did you mean starting "eventually" that much money will need to enter the market to keep the price "eventually" stable? If so, I don't know what the relevance is of how many coins are being mined this year or next. If you're just talking about eventualities with no timeframe, then you're not saying anything quantifiable at all.