Quote from: stompix on March 14, 2023, 04:54:45 PM

Quote from: dragonvslinux on March 13, 2023, 08:56:26 PM

So, by your own argument and logic, every 2.2% correction or downtrend that Bitcoin has (at current prices) is worst than the -86% drop that happened in 2014/2015?

As I said, it all depends who makes the statistics and what's his position.
For extreme bitcoiners, 1BTC=1BTC so they are both the same, for the one holding 1BTC donated by Satoshi from the start he lost once a pizza now he lost a VW golf, for the one holding $10k obviously this one is better cause he lost 7500$ but still it was supposed to still have 10k in purchasing power no mater the inflation.

Well I guess we'll agree to disagree then! Based on store of value, I'd much prefer a 2.2% correction, per hour, than a -86% correction lasting a year.
Mainly because we're not talking about lunch money anymore, we're talking about much larger investments as well as investment firms.

Quote from: stompix on March 14, 2023, 04:54:45 PM

And since we're at this point, do you think those magical cycles will keep on even at that time and erase something the size of the US economy in a few months? Or that the cycles will evaporate by then, cause that was the design, 9 80% drops for the mortal men doomed to die watching charts? Grin

I am a believer that the 4-year cycles will eventually pass, but so far this simply hasn't been the case, mainly because it's far from "magical" and a lot more "programmed" into existence. Probably once Bitcoin's inflation drops below 1% it's not going to have as much affect it dropping in half anymore, but otherwise even the drop from 3.4% to 1.7% still had a dramatic effect it seems. Just my perspective obviously.

Either that or it's a massive coincidence that each time the inflation drops in half that price ends up in a bull market... which sure, why not, it could be. But otherwise with 50% less supply available to sell from miners, it's obvious to see why with a stable demand price would increase. It should only be by 2x logically speaking, but obvious Bitcoin's price movements aren't always very logical.

Quote from: stompix on March 14, 2023, 04:54:45 PM

Quote from: dragonvslinux on March 13, 2023, 08:56:26 PM

I rest my case. Still waiting for a relevant argument as to why high inflation is bad for Bitcoin Cheesy

This is what we're arguing here, you think that no matter inflation or deflation bitcoin goes in circles like some sun cycles beyond our power, I'm pointing out that it went down in a high inflation period only to stop falling at the end of it when the scare was over.

I'm not arguing that inflation or deflation doesn't affect Bitcoin, quite the opposite in fact. I'm stating that Bitcoin's change in inflation is what drives price up and then eventually down, not fiat based inflation. Of course inflation affects an asset, as that's exactly what I'm arguing, but to me the question is which type of inflation, the ones humans have control over, or the one that is beyond our power (well phrased btw).

And sure I don't deny that you could be right here, ie speculating that the scare of a recession was over that Bitcoin rebounded. But personally, I don't think that fear has really gone away yet.\