Cryptocurrency Q&A
Is deflation bad for cryptocurrency?
Is deflation bad for cryptocurrency?
MountFujiMysticalView
Mon Nov 11 2024
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6 answers
1250
I'm wondering if deflation has a negative impact on cryptocurrency. Could someone explain whether it's bad for the crypto market or not?
6 answers
Valentina
Wed Nov 13 2024
The reduction in the overall supply of a currency leads to an increase in its intrinsic value.
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Rosalia
Wed Nov 13 2024
As the intrinsic value rises, the purchasing power of the currency also goes up.
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HanbokGlamourQueenEleganceBloom
Wed Nov 13 2024
Deflationary cryptocurrencies exhibit this characteristic, making them attractive for investors.
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Maria
Wed Nov 13 2024
These cryptos become more valuable as their supply decreases over time.
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ethan_thompson_psychologist
Tue Nov 12 2024
Investors looking for long-term gains often choose deflationary cryptos due to their increasing value.
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