Quote from: BTC Economist on July 05, 2011, 01:20:56 AM

Quote from: Piper67 on July 05, 2011, 01:14:33 AM

Quote from: BTC Economist on July 04, 2011, 11:21:09 PM

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.

Not really accurate, now is it? Bitcoin is deflationary in the long run, but at the moment there are thousands of new bitcoins mined every day... The current period in the bitcoin cycle is remarkably INFLATIONARY, and yet the currency manages to somewhat hold its value... Not bad, eh?

Not really. The dollar is inflationary, but you don't see it declining over 10% in a single day. All that stuff is already priced into the market.

yes really. you call yourself an economist but you have no idea what inflation is. no idea at all.