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<p>[QUOTE="InfleXion, post: 2662547, member: 29012"]Thankfully that's exactly what it has done throughout the vast majority of inflationary environments. Has there been deflation since 2012? Maybe that explains why the price went down... the real question here is, did the price go down because of deflation, or did the price going down cause the deflation? The answer is neither. The price is a metric for inflation or deflation generally, except when people need it to escape their normal currency like in India right now.</p><p><br /></p><p>That's what BitCoin is good for, alternative currency, not an investment. Although it's not better than precious metals because it requires electricity and an internet connection and a functioning computer to turn it into something meaningful.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 2662547, member: 29012"]Thankfully that's exactly what it has done throughout the vast majority of inflationary environments. Has there been deflation since 2012? Maybe that explains why the price went down... the real question here is, did the price go down because of deflation, or did the price going down cause the deflation? The answer is neither. The price is a metric for inflation or deflation generally, except when people need it to escape their normal currency like in India right now. That's what BitCoin is good for, alternative currency, not an investment. Although it's not better than precious metals because it requires electricity and an internet connection and a functioning computer to turn it into something meaningful.[/QUOTE]
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