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Showing 3 of 3 results by wachtwoord33
No, it has a static supply of 21M BTC. It's irrelevant whether these have been issued or not.
I understand your point -- that the bitcoins already exist, but they just haven't been released yet. However, you can't value them fully because they are not actually part of the money supply. On the other hand, they do have a present value which is greater than 0.
Well I disagree that we're currently inflationary (or have ever been) and therefore I think it has no impact on value.
I do agree that the it influences supply and therefore price.
No, just read his post history (I did it with a sense of dark entertainment), he is currently saying that he is out because Bitcoin is a bubble and it will collapse because its needed too much money constantly flowing into Bitcoin to sustain the current price given the actual inflationary phase (3.600 coins are "created" every day).
He made some money, so good for him. No need to blame OP he doesnt want to risk anymore.
Those who bough Bitcoins from him can sell with profit if they need money as well, so all happy
It seems no matter what price you buy, if you wait you cant loose. Remember Bitcoin is deflationary.
Not yet. This year's inflation rate is 12.5%. Next year (2014) inflation rate will be roughly 11.11%.
Remember, Bitcoin will be inflationary till +2030.
https://images.weserv.nl/?url=www.mattwhitlock.com/Bitcoin%20Inflation.png&fnr
No, it has a static supply of 21M BTC. It's irrelevant whether these have been issued or not.
To all of you panic buying because you missed the "greatest thing ever", mark this post, within 6 months you will be able to buy in much lower, I have a large buy order at $35 (just above the 2011 high).
if this were an established commodity like gold, copper, soybeans, or a currency cross, which I have been trading for 15 years, that is the smart buy point - not at $159
if this were an established commodity like gold, copper, soybeans, or a currency cross, which I have been trading for 15 years, that is the smart buy point - not at $159
Poor OP, he was never able to buy $35 coins.
Yep, $159 was not a smart buy point indeed, the price is now 5 times higher.
Maybe he bought back at $80?