Deflationary spiral: Difference between revisions
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'''Deflationary spiral''' is an economic criticism made against [[bitcoin]] that propose that price falling below cost would eventually lead to the collapse of the currency. | '''Deflationary spiral''' is an economic criticism made against [[bitcoin]] that propose that price falling below cost would eventually lead to the collapse of the currency. | ||
==Economic history== | ==Economic history== | ||
The first deflationary economic growth is a phrase of economic growth caused by the slashdot effect. From there, we see the the price of bitcoin rose to 0.06 USD. | The first deflationary economic growth is a phrase of economic growth caused by the slashdot effect. From there, we see the the price of bitcoin rose to 0.06 USD. This price level remain stable until early October, when a rally cause the price to touch .50 USD before settling at the .20-30 USD equilibrium. | ||
==Counterargument== | |||
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 01:13, 17 December 2010
Deflationary spiral is an economic criticism made against bitcoin that propose that price falling below cost would eventually lead to the collapse of the currency.
Economic history
The first deflationary economic growth is a phrase of economic growth caused by the slashdot effect. From there, we see the the price of bitcoin rose to 0.06 USD. This price level remain stable until early October, when a rally cause the price to touch .50 USD before settling at the .20-30 USD equilibrium.