Cryptocurrencies against inflation.

[alberello75]

Inflation, as we know, represents a serious economic problem for everyone. With its increase, on the other side, our purchasing power decreases!
However, the cryptocurrencies, having an emission limit (in the case of Bitcoin, no more than 21 million units), could therefore counteract the phenomenon of inflation.
This concept, dictated by the fact that the presence of a stable cryptocurrency would allow us to change our savings, in order not to suffer a loss in value.

 

[WhiteHouse]

Bitcoin is limited in supply and based on ‘supply and demand’, it is designed to be inflation resistant, thus allowing its value to increase based on its immediate demand for it.

If anything, I’d say that inflation of fiat currency does not affect it and that makes it a great inflation hedge in the long run albeit if the demand for it suddenly drops, it could be worse than inflation.

 

[Kamon c4]

Bitcoin has been designated to be only 21 million in the market. Business analyst had predicted inflation for the year 2021. Its only right for big companies to find a solution which is why bitcoin serves as the biggest escape against inflation. With a limited supply, the demand determines the value.

 

[archahmad]

As law of economics said "when deman rise price will rise, when demand falls price falls." it abvious that bitcoin has limited supply in the market and the number of demand increases while the quantity remains constant. this cause inflation of bitcoin

 

[Tiwa]

Bitcoin is limited in supply and based on ‘supply and demand’, it is designed to be inflation resistant, thus allowing its value to increase based on its immediate demand for it.

If anything, I’d say that inflation of fiat currency does not affect it and that makes it a great inflation hedge in the long run albeit if the demand for it suddenly drops, it could be worse than inflation.

And big companies and every financial person would want to secure their purchasing power value and hence more possible entries/demand into the cryptocurrency world .
And with it's perfect economics of demand and supply ruling , more hands demanding for a pegged supply will bring a high surge in price.

 

[Ehizzy1]

I think inflation in bitcoin can happen but not much because of the finite supply while in other currencies could be made in a infinite way and it could cause inflammation , which means more money purchasing fewer goods and that alone could cripple the economy at large which is very bad i think

 

[Josemendez]

Inflation, as we know, represents a serious economic problem for everyone. With its increase, on the other side, our purchasing power decreases!
However, the cryptocurrencies, having an emission limit (in the case of Bitcoin, no more than 21 million units), could therefore counteract the phenomenon of inflation.
This concept, dictated by the fact that the presence of a stable cryptocurrency would allow us to change our savings, in order not to suffer a loss in value.

Without cryptocurrency ,the effect of Inflation could have been felt by many countries , companies and individuals.
By offering a platform where one can invest his funds and have something valuable from it ,is something cryptocurrency has ,as an edge over others .

 

[Ltherman]

Inflation, as we know, represents a serious economic problem for everyone. With its increase, on the other side, our purchasing power decreases!
However, the cryptocurrencies, having an emission limit (in the case of Bitcoin, no more than 21 million units), could therefore counteract the phenomenon of inflation.
This concept, dictated by the fact that the presence of a stable cryptocurrency would allow us to change our savings, in order not to suffer a loss in value.

The creation of stable coins hedged against fiat currency is one of the innovation of the crypto space to pull in funds from the mainstream economy. People can confortably save funds in crypto or optionally going for a a more stable coin.

 

[alberello75]

The creation of stable coins hedged against fiat currency is one of the innovation of the crypto space to pull in funds from the mainstream economy. People can confortably save funds in crypto or optionally going for a a more stable coin.

Bitcoin, as well as any other cryptocurrency, now it would be difficult to define them as stable. Just think of the decline of the same bitcoin (-20), this only in the last few days ...
And what do you think would be a stable coin?

 

[Nurudeen]

I don't think crypto currency can curb the inflation of any country because crypto currency is not stable itself unless each country wants to settle for usdt and we all know that this is not even recognized internationally. For me the best each country can just do is to integrate crypto currency with Fiat currency just to stable the economy a little bit.

 

[BrolySSJ]

Inflation, as we know, represents a serious economic problem for everyone. With its increase, on the other side, our purchasing power decreases!
However, the cryptocurrencies, having an emission limit (in the case of Bitcoin, no more than 21 million units), could therefore counteract the phenomenon of inflation.
This concept, dictated by the fact that the presence of a stable cryptocurrency would allow us to change our savings, in order not to suffer a loss in value.

The limited supply of bitcoin is meant to counter the inflation rate, and this is the reason that there is a halving even that takes place every fours years. It is said that the halving event is meant o combat inflation in its own right. I think that many are also investing into bitcoin and other crypto as a means in which to overcome inflation as well as the price hikes in these coins can help them to deal with inflation.

 

[Trexxxy]

Yes definitely, crypto currency are great against inflation , because you can exchange the crypto for the current rate to the dollar. Overall I think crypto currency is a great cushion against the influx of inflation predominant in the world today.

 

[Tariq Shehzad]

Inflation decrease the power of purchase among us, as we know that it represents a serious economic issue and problem for everyone. With its increament, on the other side, our purchasing power decreases.

 

[alberello75]

I agree. However, as many have noted, in the last few days, Bitcoin lost 20% of its value! Mostly around $ 4000 in just one day!
And this is not the result of the planned four-year halving! And I'm sorry for those who have decided to invest, thinking that already by the end of January, Bitcoin would have already reached $ 50,000.
But having said that, nothing is compromised, that's clear.
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Bitcoin is limited in supply and based on ‘supply and demand’, it is designed to be inflation resistant, thus allowing its value to increase based on its immediate demand for it.

If anything, I’d say that inflation of fiat currency does not affect it and that makes it a great inflation hedge in the long run albeit if the demand for it suddenly drops, it could be worse than inflation.

In the world of market affairs (therefore business in general), I have always been told that there are two factors that "turn" it all in positive or in negative.
Indeed, these two factors are precisely: supply and demand. (in italian we call them: offerta e richiesta).

 

[Ltherman]

Bitcoin, as well as any other cryptocurrency, now it would be difficult to define them as stable. Just think of the decline of the same bitcoin (-20), this only in the last few days ...
And what do you think would be a stable coin?

A stable coin like usdt is pegged to the value of a dollar so one usdt is an equivalent of one dollar. Bitcoin is basically another security that is subject to the force of demand and supply and when it retraces like you pointed out, for me its not scary enough.

 

[alberello75]

A stable coin like usdt is pegged to the value of a dollar so one usdt is an equivalent of one dollar. Bitcoin is basically another security that is subject to the force of demand and supply and when it retraces like you pointed out, for me its not scary enough.

I'm sorry, by USDT I think you mean Tether, is that true?
And if it's so, Tether = 1$?
You have to forgive me but there are many cryptocurrency terms, which unfortunately I still don't know.
Thank you.

 

[Suba]

Inflation occurs due to excess money in circulation due to an increase in the amount of money that is dear, so that the value falls, Bitcoin acts not only as a hedge, because it has a limited max supply. so investors turn to Bitcoin to protect against deflation as the USD value falls.

 

[BrolySSJ]

I'm sorry, by USDT I think you mean Tether, is that true?
And if it's so, Tether = 1$?
You have to forgive me but there are many cryptocurrency terms, which unfortunately I still don't know.
Thank you.

USDT is tether and it is link to the value of the dollar. However since it is still listed in the crypto world there is still a certain degree to which the price does change and go up and down, however these changes are very minor in relation to the other crypto and it maintains a rough value of around a dollar.

 

[Ltherman]

I'm sorry, by USDT I think you mean Tether, is that true?
And if it's so, Tether = 1$?
You have to forgive me but there are many cryptocurrency terms, which unfortunately I still don't know.
Thank you.

Yeah tether is traded as USDT on all the exchanges its listed on.
No problem as time goes on you'll get to understand more terminologies. You can make our own research as well
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I'm sorry, by USDT I think you mean Tether, is that true?
And if it's so, Tether = 1$?
You have to forgive me but there are many cryptocurrency terms, which unfortunately I still don't know.
Thank you.

Yeah tether is traded as USDT on all the exchanges its listed on.
No problem as time goes on you'll get to understand more terminologies. You can make our own research as well
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Yes definitely, crypto currency are great against inflation , because you can exchange the crypto for the current rate to the dollar. Overall I think crypto currency is a great cushion against the influx of inflation predominant in the world today.

In my country this is the cardinal reason why people are saving their funds in either domiciliary account or alternatively people move their funds to crypto since it can always be exchanged to beat the current rate of fiat.

 

[alberello75]

Yeah tether is traded as USDT on all the exchanges its listed on.
No problem as time goes on you'll get to understand more terminologies. You can make our own research as well
[automerge]1610447017[/automerge]

Yeah tether is traded as USDT on all the exchanges its listed on.
No problem as time goes on you'll get to understand more terminologies. You can make our own research as well
[automerge]1610460556[/automerge]

In my country this is the cardinal reason why people are saving their funds in either domiciliary account or alternatively people move their funds to crypto since it can always be exchanged to beat the current rate of fiat.

You see I agree. I believe the best way is to save our savings, no matter how much (or how little) they are.
Basically, I have always known that the little can be cash, while the nothing, unfortunately, is NO.
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USDT is tether and it is link to the value of the dollar. However since it is still listed in the crypto world there is still a certain degree to which the price does change and go up and down, however these changes are very minor in relation to the other crypto and it maintains a rough value of around a dollar.

my dear friend. I thank you for having informed me of something that until "yesterday" I did not know.
Rightly in the crypto world, I don't have to transcend anything!

However, I'll give you some information. Here we can exchange suggestions, but remember that Faucet reviews do not pay BiZnotes points.
Thank you