Post
Topic
Board Bitcoin Discussion
Re: Everything looks fine on the logarithmic charts
by
aral
on 04/07/2011, 23:43:05 UTC
Doesn't look that "fine".  It's a deflationary currency so we should expect an upward trend and its clearly flatlined (slightly down even) for a while now.  Could argue Feb-Apr was similar, but I think we're seeing a downward trend right now.

Hey 'economist' it's only deflationary in the long term.  Right now it's highly inflationary.  The supply of bitcoins is increasing as miners discover new blocks and the only reason it is holding its value at all is the expansion of the bitcoin economy.