78 upvotes, 5 direct replies (showing 5)
View submission: Don't invest recklessly
Also, bitcoin supply is hard capped at 21 million which if it survives as asset means bitcoin prices will be deflationary ==> fiat exchange will go up up, regardless of the health of fiat currencies.
Comment by Weigh13 at 30/11/2017 at 04:16 UTC
120 upvotes, 4 direct replies
There already will never be 21 million bitcoin because many have already been lost. You are correct that bitcoin is extremely deflationary because there can only ever be less and less over time as people die and bitcoin is lost to the great ledger in the sky.
Comment by [deleted] at 30/11/2017 at 05:37 UTC
1 upvotes, 1 direct replies
[deleted]
Comment by ChipAyten at 30/11/2017 at 16:47 UTC
1 upvotes, 0 direct replies
Bitcoins are dividable to 100 million per. There is no technical limitation in place to expand those 8 decimal places to 16 or 32 effectively creating an "infinite" amount of bitcoin to serve a growing user population.
Comment by uberproteam at 08/12/2017 at 13:27 UTC
1 upvotes, 0 direct replies
https://imgur.com/gallery/Ee9SalZ
Comment by ff6878 at 30/11/2017 at 07:45 UTC
1 upvotes, 0 direct replies
bitcoin prices **will be** deflationary
Bitcoin price inflation is based on supply and demand. You can't say that it *will be* price deflationary.
Its money supply is still inflationary too. The amount of inflation just decreases over the next 100 years or whatever it is.