Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
infofront
on 18/01/2019, 19:27:10 UTC
⭐ Merited by JayJuanGee (1)
Despite everyone's biggest fears that keep getting repeated ad nauseum, he flat out told people not to invest in it now seeing as how 60 coins are produced every 60 seconds and its highly experimental, unproven software that may have zero value in the future.
Some people have said that you'll need to wait like 3 years before it escapes from its inflation pit, but keep in mind that Bitcoin's inflation-rate-over-time was roughly the same in its first 4 years; such high initial inflation is why you saw people buying pizzas for 10k BTC like it was nothing. But growth, if it occurs, can overcome even pretty massive inflation.

Good point.

Grin inflation rates
Year #Yearly monetary inflation rate
136500%
2100%
350%
433%
525%
620%
717%
814%


Bitcoin Inflation Rates
Year     #bitcoins       Inflation per annum
2009     1,624,250           ∞
2010     5,020,250        209.1%
2011     8,001,400         59.4%
2012    10,733,825         34.1%
2013    12,199,725         13.7%
2014    13,671,200         12.1%
2015    15,029,525          9.9%
2016    16,075,400          7.0%

Source