Bitcoin Forum

This is my apeal to the people to hoard their btc for atleat a month. Today morning btc touched 500$ and if you decrease it supplt more then it will rise more. So its my request not to dump your bitcoins in the exchanges for low prices, just keep your prices high.

this make no sense. I say trade more! It increase sales volume on exchange and its beter for day trading.

Check on the history, when btc production got halved in 2013,  the price of btc rose as hell, its difficult to increase the trading volume as it will need engaging more and more newcomers in tje trading of bitcoin but to increase the prices the regular users can hoard btc for some time so that thr availavility decreases and the price rises.

For medium of exchange, the value is derived from usage and market penetration.

It's a delicate balance, you need rtestricted supply ie. some hoarding

Volumes important though to drive mass adoption and spike demand sustainably

If you want the Price to go up, you Need to buy to increase demand.
That's just Economics 101

It's abvious that people wont sell thier bitcoins when It was so stable for several weeks and finally It started rising and It raised $50 in 2 days so everyone Is going to keep them at least till the price hits $550-$600.

Well people were selling a lot when the price was stable. and no, our goal should not be 550-600, lets hoard till the price reaches 1500dollars.

The best thing you can do to help bitcoin grow is to pay with bitcoin every time you buy something you would have otherwise bought with fiat.

And then immediately buy back your bitcoins with the fiat you have saved by paying with bitcoin.

So for example if you was planning to buy groceries today, try to find a local supermarket that accepts bitcoin (or gyft) and pay for your groceries with bitcoin instead of with dollars. Then buy back bitcoins for the same amount as you spent.

This is the best way to increase bitcoin adoption while still holding.

Let's spend , buy , spend.
I think this is a better plan that hoarding , if you want to help the coin.

If you're just for profits  , HODL till it reaches 10k.

Sign that bitcoin is not healthy if it is mainly use for speculating.

This is stupid. It gets repeated often enough that a lot of people believe it, but no less stupid for that.

Supply. Demand. Those are the two words that matter. The price can only go up with increased adoption, there is no possible way that people will not speculate on that. If it's such a problem just go away until we are well north of 100k.

And you got this impression from what?
Juts because people only talk about price in the speculation subforum?

Bitcoin is still at it's beginning , just have some patience and it will show you how healthy it is.

Those who bought at around $450-$500 are not going to sell at $600 or $700, more like $1200 to $1400. I believe they are holders who sold at $580-$500 replenishing stock. I see good volume too. May not hop back to the $800s soon, but I think consolidation at $600 is very realistic.

If hoarding increases beyond a certain point, then people will stop using Bitcoin and will shift to some other form of currency. It can be another alt-coin, or it can even be bullion or some form of fiat.

Yes.

We need a coin that serve as a utility.

Bought some at 800, I will cash out if it hit 800 again.

I will never cash out. I plan to use it for all expenses in a few years. I want the dollar out of my life as quickly as possible.   

You should have bought some more at $400, to bring down the average buying price. If I was in your place, my strategy would have been like this:

1st purchase: Total - $8,000. BTC10 @ $800 apiece.
2nd purchase: Total - $8,000. BTC20 @ $400 apiece.

Now we have a total of BTC30, bought at $16,000. The average cost is $533 per coin.

When Bitcoin reaches $535, I'll sell BTC20. That will fetch me $10,700.

So I am left with BTC10, at an average price of $530 per coin.

Average down is a dangerous strategy.

Have the same risk as martingale betting.

It's the only sane strategy if you believe in the long term potential. In a couple months we are likely to be in the thousands. Let's have this conversation again then.

The problem is that you make this plan after the things have unfold.
What have you done with your strategy if the coins would have gone even lower , or they didn't go below 600 ?
And , where would the rest of the money come from? Invest 50% of it and then other 50%?
There are so many problems with it and lots of people got burned pretty hard with it.

Before making any investment, you have to plan the stop-loss targets and other details. This is the way I make my investment on equities. Works well 75% of the times.  ;D

I checked some of your posts and you seem like a honest person.
Can you tell us when and how much did you invest in bitcoin?

Just to compare it with the plan you made public?

I bought at ~ 150 , 350 , 700. Sold only 10-20% at 750. (no reason why i did that and i don't look it at a smart move i made)

My investment in Bitcoin is very small. Right now, I have less than 10 coins. And I made my investment when Bitcoin was going at $12. Sold a few coins (around 5) for $400-450 range. Since I got them for such cheap rates, I have never done any short-selling with them.  ;D

10 coins is a lot of money for many people here.

Standard greedy moron. MANIPULATE THE SUPPLY TO INCREASE SCARCITY WHICH IN TURN RISES PRICES. Instead of your minor profits that you call "Day trading".

Some people just don't understand basic things like this.

Having 10 coins is actually pretty much.
http://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

According to this list there are at most 100 000 people with that high balance.And lot's of those addresses are owned by the same persons.So i think you could easily make the top 10k.

I'm not selling anything until the lines cross.  http://cryptocoinstats.com/priceforecaster.php

Hoarding is the only strategy for me.  So much easier and less stressfull.  I have no interest in shorting for a $50 profit.  I'm in this to make hundreds of thousands in profit several years down the road.  I've been buying on average 2-3 coins a month since it  dropped below $600.  While also using whenever possible.  Up to 15 coins now.  Hoping bitcoin will develop to the point where I won't ever have to sell for fiat.  I can just buy whatever I want with  btc. 

I know. I had around BTC50 in total (bought for $600). But lost around BTC35 after investing in BTCT.co (Litecoinglobal). After I lost 70% of my coins, I became demoralized and started selling some of the coins for fiat.  >:(

I say let's spread the word about Bitcoin so demand rises. Tell your local shops about Bitcoin and explain how they could accept it. Also explain Bitcoin to your friends.

Good strategy  ::)

Indeed , interesting investment.
I think how he would feel if bitcoin would hover around 780-795 for a few months.

He will probably get crazy waiting to bet back his "investment".

We aren't all hording BTC?!?!?!?!

This will only work until it doesn't. Price gets high enough, people will take profit -- it's only natural. But I'm all for it... holding quite  a few bitcoins myself. So by all means, people, hoard! :D

aaha, exactly! at first I thought, yes, everyone hoard, price will go up! and then I thought, but wait, i'm going to sell when it reaches my target price..... and so will a whole lot of other people! lol.