If the argument by @lighteye were correct, we should have never seen such a reversal and Hive should have apparently stayed at 10 cents (?). Clearly, market cycles are more relevant.
My argument stays, @tobetada. You are making a mistake measuring Hive with the dollar, which is even more inflationary. You should apply direct exchange value between Hive and Bitcoin, and you would see the truth: It will never grow against the Bitcoin. Never.
okay, but that is a different argument and I wouldn't necessarily disagree with it. But it completely factors out the growth potential we have here as you are assuming (I would think) that Hive wouldn't change over the years. Basing that argument solely on inflation is ridiculous as inflation is simply one metric to look at when assessing the future valuation of a coin or an asset.
No, @tobetada, that is not my assumption. That is your assumption on what I am thinking. No need to do it, I will tell you exactly. Hive will change, but until it stays inflationary, it can’t go up versus deflationary currencies. If you want to make a point, you have to decide what measure you would like to use on Hive.
yeah I have had a feeling that we are talking past each other a bit.
Your take is embarrassing and showcases your ignorance as to how this all works.
Inflation is just like any other investment.
Investments can succeed or fail just like anything else.
You're basically making the argument that every investment is automatically going to fail.
Terrible take.
You can't be blamed personally for this of course.
Every zealous Bitcoiner blindly parrots the same message as if infallible truth.
Meanwhile Bitcoin isn't even deflationary.
Logarithmic inflation is not magically deflation.
No, @edicted, I didn’t say that – that is what you said. I said one simple thing – you cannot expect inflationary currency to grow against deflationary one.
This means you really don’t know what inflation and deflation means.
And BTW, I didn’t say all of this to defend Bitcoin. It doesn’t care about what you think of it. I said it so the people does not expect Hive ever goes stronger against Bitcoin. IT WILL NOT HAPPEN. This is the trend:
1st time $BTC hit 70K, $HIVE was $0.432
2nd time $BTC hit 70K, $HIVE was $0.438
3rd time $BTC hit 70K, $HIVE was $0.305
Now $BTC hits 70K for the 4th time, $HIVE at $0.193
https://hive.blog/hive-124838/@themarkymark/re-peaksnaps-sm5pdp
And it will inevitably go down.
Bitcoin has a block reward of 3.125 BTC every ten minutes right now.
This is the INFLATION rate.
You're embarrassing yourself.
Deflation means that Bitcoin would be burning currency on every block.
You clearly don't understand what it means.