[ttimebomb]

I don't really follow Bitcoin at all, but its inherently a deflating currency is it not? There will never be more of it, so its value should tend to go up over time as it becomes more scarce (as people lose them). Of course I'm ignoring all the other market factors here.

[npoc]

That's right. Ultimately it will always go up (over the long term) when priced in any other asset even if no additional net value is stored in it. Which of course generates more even demand. On top of that, every ~4 years the issuance (roughly the steady-state supply) halves and no matter how hard miners try, they can't mine any more - the harder they try, the harder it gets. Mankind has never seen anything like that before.