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Title: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: gabgab on June 07, 2011, 05:59:16 AM as we all know bitcoins' supply is finite, so everyone out of greed hoard the things. they don't spend it at all, like a currency is supposed to be used for and so it will never become mainstream.
Title: Re: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: MemoryDealers on June 07, 2011, 06:04:27 AM My vendors are now BEGGING me to pay them in bitcoins, and I am gladly doing just that!
Title: Re: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: realnowhereman on June 07, 2011, 06:10:22 AM Bitcoins are available to buy. Your assertion is wrong.
Hoarders reduce supply, which means supply and demand balance at a different (higher) price. They always balance though. That price may be seen at mt.gox. Where you will find a volume considerably greater than zero for sale. I'm pretty sure that what you mean is "boo hoo, Bitcoins were cheaper last week and I wish I'd bought more then". Me too. Cry me a river. Title: Re: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: Garrett Burgwardt on June 07, 2011, 06:11:32 AM My vendors are now BEGGING me to pay them in bitcoins, and I am gladly doing just that! Really? That's phenomenal! :D Title: Re: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: drugsmang on June 07, 2011, 06:37:56 AM I have noticed lately selling is instant where when I dumped 2500 in coins on MtGox before it usually took a few hours to complete the order, or days
Title: Re: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: MemoryDealers on June 07, 2011, 06:48:55 AM My vendors are now BEGGING me to pay them in bitcoins, and I am gladly doing just that! Really? That's phenomenal! :D Not all of them yet, but more and more each week. One of them is considering starting his own RMB to Bitcoin currency exchange too! Getting real busineses using bitcoins for day to day transactions is they key to bitcoin's long term success. Title: Re: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: proudhon on June 07, 2011, 06:51:06 AM My vendors are now BEGGING me to pay them in bitcoins, and I am gladly doing just that! Really? That's phenomenal! :D Not all of them yet, but more and more each week. One of them is considering starting his own RMB to Bitcoin currency exchange too! Getting real busineses using bitcoins for day to day transactions is they key to bitcoin's long term success. Are you still doing the NewEgg thing for bitcoin? I'll be in the market for some new gear in the not-to-distant future. Contrary to the deflation/hoarding stuff we hear around here all the time, seems to me people are doing more bitcoin-for-goods-and-services transactions around here than ever. Title: Re: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: MemoryDealers on June 07, 2011, 06:55:18 AM Are you still doing the NewEgg thing for bitcoin? I'll be in the market for some new gear in the not-to-distant future. Contrary to the deflation/hoarding stuff we hear around here all the time, seems to me people are doing more bitcoin-for-goods-and-services transactions around here than ever. I would be happy to. Email me anytime at roger@Memorydealers.com Title: Re: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: tiberiandusk on June 07, 2011, 07:03:15 AM I have spent nearly every BTC I have earned.
Title: Re: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: error on June 07, 2011, 07:06:47 AM I too spend my bitcoins. :)
Title: Re: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: wangxinxi on June 07, 2011, 07:27:29 AM I'm also hiring on the website https://workforbitcoin.com
I spent a lot of bitcoins, and also get a lot of bussiness done very well. Title: Re: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: carlerha on June 07, 2011, 07:56:44 AM as we all know bitcoins' supply is finite, so everyone out of greed hoard the things. they don't spend it at all, like a currency is supposed to be used for and so it will never become mainstream. Wait and see. The moment people can expect new bitcoins flowing in with the paycheck each month, there be spendin'Title: Re: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: bullox on June 07, 2011, 08:13:09 AM Every BTC I have mined/bought I have spent. In addition, I am selling goods for BTC. Get your OM NOM NOM on over here. (http://forum.bitcoin.org/index.php?topic=12925.0)
Those who hoard it would do well to spend and stimulate the budding BTC economy. :) Title: Re: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: Littleshop on June 07, 2011, 09:36:07 AM People are spending bitcoins on my site though I do find it to be faster when the price is dropping.
Title: Re: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: cryptoanarchist on June 07, 2011, 09:59:12 AM People are spending TONS of bitcoins on the Silk Road.
Title: Re: Bitcoins is doomed to fail because everyone is hoarding, no one is spending. Post by: Joseph on June 07, 2011, 12:25:33 PM There's also a lot of trading going on on Bitcoin Classifieds!
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